Penta Resources offering a portion of the Bull Moose Prospect

October 11, 2011

Termo is partnering with Penta Resources of Lafayette, Louisiana in the Bull Moose Prospect to test the reserve potential of the Marg Tex 2, Stuart A and Bol Mex 2 sands.  Penta has a 45% working interest available for purchase subject to a 20% carried working interest with a cash consideration of $120,000.00. The leases are delivered at a 72% NRI.  Operatorship of the drilling of the well is negotiable, but due to The Termo Company’s field facilities, they would take over operations of any well after completion (Termo currently has a 25% interest in the well).  A unit will be formed and the prospective partner would earn the acreage in this unit for the proposed well down to the deepest productive sand.

Please see the Case Study Section of the Termo Website for more information.