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 June 30, 2010
STUDDARD-STEWARD M#1 WELL FLOWING TO GAS SALES

 On June 18, 2010 the Studdard-Steward M#1 Well began flowing naturally to gas sales. The well has been perforated and the down hole pipe problem has been fixed by the new operator, Barrow-Shaver Resources. The well currently has over 5,000 lbs. of bottom hole pressure and is making several hundred MCFPD. We are waiting on a FRAC Stimulation Test which should be scheduled around the middle of September 2010.
 
 

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