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EXECUTIVE SUMMARY
The prospects that have been evaluated all represent either un-tapped proven reserves or re-entry or rejuvenation projects of formerly producing wells in the South Eastern United States. As technology has continued to improve, old wells and old fields that were once too dangerous, too unproductive or "empty" can be reopened and produce economically. These wells are preferred because they are already along the gas and oil pipeline routes that crisscross the United States (i.e. infrastructure costs to monetize new finds in these old wells are minimal).
These investments represent late-stage investment which mitigates the risk to investors and the time to production on these wells is shorter than if investments were made in the early stages.
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