re: drilling and production

This is looking very strong. Still at 1.5c with 29 million shares traded today.

So far it's been 2 out of 2. Production phase for Well 1 and Well 2 is expected to be only weeks away(mid to late April).

This project has a very high chance of continual success with 3 more wells being drilled asap. This is a 10 well program but Carrolltown has sufficient acreage for the drilling of over 100 wells(approx 10000 acres). There is a 95%+ success rate in the Appalachian Basin for Natural Gas Drilling. ANR have been involved in the drilling of more than 1000 wells in this Basin. The last 35 Well program resulted in more than 95% of wells being completed for production.This JV looks better every day with more than 40 other potential well sites being identified by Imperial Energy and ANR. Close to transportation and end-user markets.