Trophy Resources Inc (TRSI)

[Cardinal Relentless]

I'm very familiar with the area in and around Runnels County TX where the Company recently acquired a project.

There's one formation in particular, the Goen lime, that needs some discussion. The Goen lime is a high-permeability lime called vugular or reef lime and when one finds the Goen "high" on a trap or a fault, the production can be spectacular.

A relative of mine drilled a Goen well in 1959 and the well flowed 800 barrels a day for nearly a year and a half. Over its entire life, it produced nearly 2 million barrels of oil. Other Goen wells drilled by him and others had similar prolific production numbers. The problem is that the Goen plays hide-and-seek and in 1959 you had to be lucky to find it. He didn't have the benefit of 3d seismic, just data from surrounding wells, ones both successful and dry. The Goen is worth looking for, because when you find it, it's spectacular.