Interesting and potentially fruitful discussions with an experienced geophysics contractor are ongoing regarding positive geophysical indications of a shallow but potentially large oil resource at shallow depth. We are formulating an agreement to work with them on this on-shore oil exploration project in the continental United States. Our potential partner is telling the us this is a shallow prospect that could be quite large. Research is ongoing to determine its commercial viability.

Among the options under discussion is to put the profits from any success to work on at the Hay Mountain drilling targets. While the talks are early stage, and we do not know whether they will progress to a final agreement they open new possibilities for financing Hay Mountain Phase 1 drilling or beyond, and thus we want to make shareholders aware of this potential.

Because President Trump has stated that he wants to have the USA independently supplying its own energy, and this will be going along with the President’s direction, we believe oil exploration will take an upward trend. ~Jim Briscoe~