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Re: surfer44 post# 219

Friday, 03/13/2015 5:03:27 PM

Friday, March 13, 2015 5:03:27 PM

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We incurred a total of $488,880 in exploration costs during 2014. On January 30, 2015 we announced that we had found natural gas resources under our bromine well in the Sichuan area. The company will hire a third party to conduct a survey of the geological structure and complexity analysis and the economics of the natural gas under this well. The Company is in the final stage of discussion with the expert company to finalize the service agreement. The company intends to invest approximately $10 million for further development in 2015, if the project is commercially viable.
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