Lease holdings located on east and south east flank of 22 mmbbl Jacalitos nose oil field.  Subject of renewed activity by Crimson Resources and Holmes Western Oil Co.

Solimar maps extension of the Temblor Sandstone oil reservoir in fault compartmented reservoir at 3,500 - 4,500 ft target depths.

Documentation of the play is continuing to reduce uncertainty about orientation and size of undrained compartments.

Prospective also for deeper fractured oil shale reservoirs.

Forward Plan:

Complete mapping of Temblor reservoir and if warranted drill appraisal or exploratory well.