THE PROFIT HOUSE

[TPX]

$FEGR

Description: Friendly Energy Exploration is engaged in the business of oil and gas exploration and operations. The Company's five oil and gas leases in Central Texas consist of Panther Creek Lease, Byler Lease, Mud Creek Lease, South Thrifty Lease and Hutchins Lease. The Company has acquired a total of five oil & gas leases on 2,036 acres in Central Texas, including 48 producing and shut-in wells. During the year ended December 31, 2011, the Company refurbished and replaced infrastructure on three leases, including tank farms and water injection wells, and reworked 4 wells. The Panther Creek lease totals 115 acres of which approximately 70% is in defined Fry Sand oil field. The Byler lease totals 372 acres of which approximately 57% is in a defined Fry Sand oil field. The Mud Creek lease totals 355 acres of which approximately 56% is in a defined Fry Sand oil field. The South Thrifty lease totals 1,000 acres of which approximately 54% is in defined oil fields. The Hutchins lease totals 194 acres.
2013-10-22 20:29:15

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