Insider Ownership!! Let's see here who has the most to gain or lose by the success of the company? Management and shareholders look about even!
Security Ownership of Certain Beneficial Owners
Amount and Nature of Percent
Name and Address of Beneficial Owner Beneficial Ownership of Class
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Ray Ledesma 9,352,500(1) 33.68%
1717 St. James Street, Suite 205
Houston, Texas 77056
James D. Romano 1,500,000 5.25%
1717 St. James Street, Suite 205
Houston, Texas 77056
John Punzo 596,016(2) 2.08%
16149 Morgan Creek Crescent
Surrey, BC, V3S 0J2
Randall K. Boatright 1,030,500 3.60%
1717 St. James Street, Suite 205
Houston, Texas 77056
Frank Simmen 325,000 1.13%
1717 St. James Street, Suite 205
Houston, Texas 77056
All Officers and Directors as a Group 12,804,016 45.74%
(1) Ray Ledesma directly owns 1,512,500 restricted common shares (5.45%), Star of Texas Energy Services, Inc. directly owns 40,000 restricted common shares (0.014%), Star of Texas Minerals Resources LLC directly owns 620,000 restricted common shares (2.23%) and Hydro-FX Inc. directly owns 135,000 restricted common shares (0.048%). Mr. Ledesma owns 100% of Star of Texas Mineral Resources, LLC and Hydro-FX Inc. Mr. Ledesma is also the trustee of SMLL Trust, which holds 100% of the shares of Star of Texas Energy Services, Inc., which directly holds 7,045,000 restricted common shares (25.37%).
(2) According to a Management Agreement signed July 1, 2008, Panterra Capital Inc., a company held 100% by Mr. Punzo received 500,000 common shares on July 1, 2008 and will receive an additional 500,000 common shares on January 1, 2009.
