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Saturday, December 04, 2010 4:49:44 PM

Re: None

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History of the Adams Ranch oil well leases:

Pretext from a good source:

Jarvis & Eldridge got control of the lease from a legit company that sold it to raise money for a Gulf Coast project. J & E passed it to Dial. I think because at the time GFCI still had some credibility and they could pump in shares. Dial quickly moved the property to UERI and left GFCI SH high and dry. He then moved it to First Texas Natural Gas, FTXN. Dial actually drilled about 20 shallow wells. They were short lived low production gas wells. He started peddling interest in the Adams Ranch. At one point I had counted NINETEEN pinks and private entities that were selling interest in the lease.

March 14, 2006 - US Energy Holdings, Inc. (USEH)


December 14, 2006 - Grifco Inc. (GFCI)


December 14, 2006 - Precision Drilling & Exploration Inc


February 9, 2007 - LoneStar Holdings Group (LSGH):


February 5, 2007 - Universal Energy Resources Inc:


6/29/07 - 1st Texas Natural Gas (FTXN)


7/31/07 - Riverdale Capital Ltd (RICPD) merges with 1st Texas Natural Gas

12/4/07 - HCP Investments

5/12/08 - Victory Energy Corp (VYEY)


9/3/08 - Ozona Natural Gas Co. and Friendly Energy Corp (FEGR):


More information from a good source about this:

Dial along with HCP investments formed an Operating Company out of Florida to skim more of the investment from the drilling operations. The company was called Ozona Natural Gas Company, L.L.C. He drilled a well that was a bust for Friendly Energy Services, Inc. At one time Friendly was going to be involved in the Ozona Gas Play but for some reason moved on. They presently operate a scam a little further north of Ozona. You can find the info on the TRRC website. Friendly acts as their own operator. HCP was also involved with Jerry when they spun off CTBG from GFCI. Provided a lot of the capital for a large piece of the pie.

11/11/08: Vortex Resources Corp (VTEX)


May 2009: Galloway Energy Inc. (GWGI)


6/10/09: Northern Explorations Ltd (NXPN) and Dominus Energy:


9/30/10: Northern Explorations changed it's name to High Plains Gas, Inc.

11/05/09: Cheyenne Resources (CYRS)


December 2009: American Petro-Hunter (AAPH) and Oxalis Energy Group:


2/10/10: Pepper Rock Resources Corp (PEPR) and Oxalis Energy Group:


Summary of all the companies that PR'ed or claimed some ownership of this Adams Ranch oil well lease (or some part of it):

1) US Energy Holdings, Inc. (USEH)
2) Grifco Inc. (GFCI)
3) Precision Drilling & Exploration Inc
4) LoneStar Holdings Group (LSGH)
5) Universal Energy Resources Inc
6) 1st Texas Natural Gas (FTXN)
7) Riverdale Capital Ltd (RICPD)
8) HCP Investments
9) Victory Energy Corp (VYEY)
10) Ozona Natural Gas Co
11) Friendly Energy Corp (FEGR)
12) Vortex Resources Corp (VTEX)
13) Galloway Energy Inc. (GWGI)
14) Dominus Energy
15) Northern Explorations Ltd (NXPN)
16) High Plains Gas, Inc.
17) Cheyenne Resources
18) Oxalis Energy Group
19) American Petro-Hunter (AAPH)
20) Pepper Rock Resources Corp (PEPR)

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