Dear Investors, its hard to believe, but the 2011 tax season is now here. Oil & gas drilling programs are still the best tax write-offs available, and if you have a great place to drill oil wells to make excellent returns on your potential ‘lost money to the IRS’, now is the time to do your research. As many of you know the ‘Bakken Shale Formation’ in North Dakota is our new ‘oil boom’ oil play. According to the records, over 6,000 wells have been drilled in North Dakota from 2000 to 2009. The hit rate has been 100%. I didn’t say this, the recent story on Fox news and other industry people have confirmed it. We expect to drill up to 45,000 wells in the Bakken Shale Formation during the next 15-20 years, and most will be horizontal wells with ‘staged fracing’ to recover about a million barrels of oil per location, and typically will be drilled on 640 acre spacing. The cost for acreage is high, and the cost of drilling is high. The likely cost for acreage and to drill & complete a horizontal well is going to be about six million ‘un-promoted’. But the wells can do 15 million or more per year in gross cash flow, and flow for a number of years while declining, and depleting. Not bad for money you invest to get tax write-offs, and a big reduction on your at risk dollars, or your gross taxable income…or most importantly, with money you would send to the IRS, and never receive a return on.

Our company is optioning acreage now in the Bakken Shale, and we plan to begin drilling operations as our funding is available. Call or email me with questions, and to inquire about how you can participate. Accredited investors only please!