Vanguard Energy Corporation is an early-stage independent energy company engaged in the acquisition and development of leases in or near established oil-producing areas. It focuses to acquire additional leases adjacent to the Batson Dome Field or in other areas of East Texas. Its first wells began producing in January 2011. In December 2010, it acquired two producing and three shut-in oil wells in the Batson Dome Field. As of March 31, 2011, the two wells were producing approximately three barrels of oil per day, net to its 63% net revenue interest. As of May 10, 2011, it had drilled and completed four oil wells and has identified drilling sites for 10 additional wells on its leases in the Batson Dome Field. As of March 31, 2011, three of these wells were collectively producing approximately 100 barrels per day of oil and the fourth well was in the process of being completed. Each of the first three wells showed multiple productive zones at depths ranging from 2,100 to 3,700 feet.