THE Business for Sale Marketplace

The Company is an oil exploration and production company (E&P) seeking a debt or equity investment of $5 million initially + $10 million final stage for crude oil extraction of a large, proven oil field in Texas. Engineering data confirms that the current value of oil in place in the sought-after reserve exceeds $6 billion. Company currently holds 10% of the lease to the specific oil reserve, and is looking to gain complete control of their reserve by acquiring the remaining 85% of the lease rights. Operational control is dictated by whoever owns at least 51% of the lease. With control of the lease, the Company intends to conduct a pilot drilling project (from the initial $5 million investment) to determine optimal production rates. With the $10 million final stage investment, additional drilling can begin as soon as six months after the pilot project is underway. Various means of testing, including well penetrations, logs, core data, and production history have already been conducted to confirm that oil is contained in quality sands with high oil saturations and good permeability. The Company has established an experienced, high quality team of oil and gas professionals to take advantage of the growing market demand for heavy oil by both local refining companies, as well as large asphalt distribution and production companies. Additionally, the Company obtained professional, independent third-party reservoir modeling analyses to ascertain the type of production methods required and the available options in order to commence the pilot program. Results from the reservoir analyses exceeded production projections by the Company. With the current U.S. political administration looking to stimulate the economy, infrastructure development such as roads, bridges, and other construction projects represent a significant component of the stimulus package of the federal government. Infrastructure development will result in even greater demand for heavy oil as both a transportation fuel and product fuel. Purchasers are in place to off take all the crude oil the Company can produce. The timing of this project has even more importance because of a new set of rules by the SEC to be implemented on January 1, 2010 which will allow oil and gas companies to book proven “probable” and proven “possible” reserves on their balance sheets. These two classifications of reserves have previously been rejected by the SEC in reporting but, due to an improvement of related resting/extraction/production technology, the SEC will allow for such reporting if it is supported by required documentation and analysis. This means the Company, upon obtaining the remaining rights to the lease, can benefit from a strengthened balance sheet. Project contains significant historical well and field information clearly delineating the oil reservoir. Oil reservoir modeling simulations demonstrate recovery rates of 40% of oil in place, for each well drilled, over a 3-year period.

Summary: **Production of 4,000+ acres with $6 billion of oil in place. **Proven oil field-verified by two independent reserve analyses. **Shovel-ready project with production commencing within 3 months of initial drilling.

Highlights: **Looking to fund purchase of pilot project for production of heavy oil which is ready for immediate drilling; information collected during pilot project to be used when drilling additional wells. **Engineering data confirms current value of oil in place in reserve exceeds $6 billion. **Initial $5 million investment will fund pilot project while additional $10 million to be used, shortly thereafter, toward drilling of remaining oil in place. **Favorable SEC rule being implemented January 1, 2010 will allow for companies in this industry to include more assets than they could previously, thereby strengthening their balance sheets.

Contact Laura Santiago, Phone 949-528-3862, Fax 949-625-7561, Email laura@spectrumdeals.com.