REVENUE STATEMENT FOR FOSSIL OIL PROJECTS UNDER ADMINISTRATION

 

Peters Multi well JV. 0,57% Dec-12 & Jan-13 Oil Maj-13
Stafford JV 1,76% Jan – Maj 2013 Oil/Gas Maj-13
Bandit Well-
Texas-gulf coast JV. 1.36% Jan-April-13 Oil/Gas Maj-13

 

Project Return Production Month Well Type Payout Month
Peters Multi Well JV 0,65% August-2012 Oil October

 

Note: This first return from the Peters jv – the project does not show the expected return of normal production, the return covers only one load of crude oil which was sold at the end of August 2012. We expect that the return will be significantly better in December payment, since we at this time should have full production at both Peter # 1 + 2 wells.

Sincerely,

U.S. Energy Brokers