project update out!, page-4

• In discussions with other oil and industry related companies interested in partnering in the development of our 8806 Acreage Position in the Permian Basin.
• Project several times larger than originally estimated. A partner would provide the added capital to take advantage of multiple intervals targeted for horizontal drilling in addition to accelerating the development program to the Company’s financial benefit.
• GGP is also examining other acreage positions in the Permian Basin where we can diversify and leverage our position based on the knowledge acquired from a geologic and engineering standpoint.
• Continuation of the drilling program will occur once a new partner joins the project or a determination is made to move forward given the interest levels. Expect a new partner to join the project.