Blue Ridge Dome –4,500 Foot Verical Offset- Ref: OG-110

Our firm is proposing to drill a direct vertical offset well to 4,500’ on the Blue Ridge Dome, to a new discovery of a shallow oil-bearing reservoir. The possibility of finding multiple oil-bearing sands in the shallower and deeper horizons warrants drilling this new direct offset well. The Blue Ridge Dome is a piercement type salt dome which contains stacked oil pay reservoirs. The identification of these deeper zones in the offset will set the stage to plan a strategic development drilling program to exploit all identified reservoirs within the prospect leasehold which could contain up to 1,000,000 BO in the reservoirs or more.