Plan of Operation
Oil and Gas Exploration
Effective December 12, 2008 the Company has decided to pursue a new direction in the Oil
& Gas, Exploration and Development and changed it name to Quad Energy, Corp. (CDID)
The Company is currently conducting several evaluations on multiple oil & gas prospects.
On January 25, the Company entered into an agreement to acquire a 100% working interest
in Blugrass Energy Inc's Cave Pool Unit oil and gas properties. The working interest of
Blugrass Energy's properties covers approximately 2800 acres, located within Eddy County,
NM. Currently there are 32 wells, which could be re-worked and brought back potentially to
producing status. Additionally, there are over 100 possible new drilling locations based upon
20 acre spacing. Water disposal would be handled via the Cave Pool Unit's injection well
which decreases water hauling costs thus increasing the economics of the Cave Pool Unit.
The Cave Pool Unit is located within the Artesia Vacuum Trend, more specifically within
the Grayburg Jackson Pool. The Artesia Vacuum Trend contains thirteen reservoirs with
more than 1 MMBO historic cumulative production. Cumulative production from these 13
reservoirs was 796 MMBO as of 2000. Depths to the top of reservoirs range from 1290 to
4700 ft. This is a mature field, especially within the highly productive San Andres
carbonates. Lower permeability in the Grayburg sandstones, in the Grayburg Jackson
reservoir during the mid-1990's, has been successful to the point of reversing production
decline and is a major focus of current and future development.
Under the terms of the agreement Quad Energy will pay for Bluegrass' 100% working
interest in the Cave Pool Unit by issuing 5,000,000 shares of common stock to Bluegrass
Energy, Inc. and 2,500,000 shares of common stock to Dorel Energy, Inc. and 5,400,000
shares of common stock to Robin Hood, LLC. for certain assets on site. At the time the
shares of Quad Energy had a value of $0.10 each.
The Company will try to deliver returns to shareholders by seeking out and developing new
opportunities in the oil and gas sector that represent a low risk by either acquiring or
developing with Joint Venture Partners for larger projects. The Company will also
aggressively search for existing production ( Proved Developed Production) from smaller,
undervalued or underutilized properties that show high promise for probable undeveloped
reserves (PUD). Intermediate term goals are focused on production through drilling multiple
projects/
