Business Plan
Superior’s current business plan is as follows:
• Concentrate its efforts on the rapidly developing horizontal drilling play in north central Oklahoma;
• Deploy its profits from the five producing horizontal wells to reduce debt and to buy additional oil and gas leases in five counties in the same general area;
• Sell, at a modest profit, 75% undivided interests in Superior’s oil and gas leases it purchases in the five Oklahoma counties in north central Oklahoma where Superior is acquiring leases;
• Require the purchasers of such 75% interests to pay not only their own well costs of horizontal wells in the five counties, but also to pay Superior’s well costs for its retained 25% interest in such leasehold acreage;
• Repeat the above strategy and use the profits from such activities to purchase additional leases in this same general area in Oklahoma, where the best well operators are buying leases;
• Keep the staff small by avoiding operating wells until sufficient profits require the expansion of the office staff;
• Avoid debt and the issuance of additional stock if possible; and
• For the stockholders’ benefit, get the company’s common stock trading again by re-registering it with the Securities Exchange Commission.
