Mills Ranch has now been extended into the larger Stiles Ranch Granite Wash area.

Crest operated or caused the drilling of 19 wells with only one dry hole (95% success rate).

Crest partners’ ownership ranged from 33-100% working interests in the 18 producing wells.

The Company’s leasehold was acquired from Chevron, KCS, Texas Crude and W&T Offshore.

Chevron operated the one dry hole where Crest had only an 8% working interest.

Chevron had the right to operate after Crest drilled and completed the wells.

After operating the field for about two years, Chevron voluntarily returned operations to the Company because they believed that Crest was a more effective, low-cost operator.

Crest operated 17 wells in the field.

The Company reduced drilling days in the field from 40 to 18 days per well.

Reserves average 2 Bcfe per well in vertical holes.

Recent horizontal success in the Granite Wash suggests that there is an be an 8-10 to 1 increase resulting from horizontal completions over vertical wells.

Crest’s original partners have averaged over a 5.0x ROI.