Tuesday, May 10, 2011 7:23:58 PM
BR new headquarters will be established near the downtown area of Dallas, TX. This will be the heart of our company, with potential satellite locations in Houston and New Orleans. We are also installing an in-house Internet server and 24-hour answering service so that all business communications are dealt with in an expedient and fluid manner. We will have local employees on site at all producing properties. Through a portion of the funding described in this Business Plan, the Company will own the Cameron Parish School Board Lease, an 880 acre property located 25 miles east of Port Arthur, Texas and 5 miles inland from the Gulf of Mexico in Cameron Parish, Louisiana. This property was producing 15 bopd and is awaiting the reconnection of a oil sales pipeline to return to production. Such reconnection is anticipated to be accomplished within 60 days. Immediate development plans on this property includes the drilling of four new wells.During the next 12 months, the Company plans on making two to four acquisitions in the $5 million to $20 million range. It is difficult to predict exact values of properties being acquired but it is estimated with these acquisitions, the Company will reach $250 million market capitalization following the acquisitions.
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