Superior Oil &Gas Company (fka SIOR)

[SCREAMING EAGLE]

These assets were Cactus' to start with. They were rolled into Superior to allow investors to participate in the wells and give Superior a bigger footprint per section and more exposure to well bores. The unsold assets are now being transferred back into Cactus. There is nothing illegal with this. Cactus gets a small override for the contribution. These were Prickly Pears assets from the start. One needs to have the facts before jumping to an incorrect conclusion. He actually did stockholders a favor.