XCD Energy Ltd. (fka ETKEF)

Entek Energy Limited -a small emerging domestic oil and gas company with an offshore pipeline of Gulf of Mexico projects and an onshore resource play in the Green River Basin of some 66k acres net( Colorado & Wyoming). This property has the potential for many 100's of wells. In order to earn 55% in these properties they must spend $12.5 million during a 3 year period which started August 2009. Management anticipates that their 55% interest will be achieved during 2010. At present there are 225 million shares fully diluted and outstanding (does not include out of the money options of 14 million shares ). As of August 31, 2010 the company has 5 wells in the Niobrara Oil Play, all of which have encountered hydrocarbons. All 5 vertical wells are being reviewed to optimize completions to maximize production potential. Web site: http://www.entekenergy.com.au/ Recent company presentation: http://www.entekenergy.com.au/assets/Uploads/EntekPresentation-HartleysVersion-Final.pdf