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Re: k124Inv post# 23181

Friday, 08/23/2013 11:23:37 AM

Friday, August 23, 2013 11:23:37 AM

Post# of 70787
California Update:

The Company's recent acquisition of the Jacalitos Prospect is in the initial planning stages of development. Discussions are currently in process with the Joint Venture partner for the Company to take on the position of Operator for both the Jacalitos Prospect and the Kreyenhagen Trend acreage. The Company had previously reported that it was in the process of applying for an Operators permit for the State of California, upon achieving the Operators permit and the successful negotiations for operator status with the Joint Venture partner, the company will then provide a timeline for its planned drilling and developmental activities.

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