Spirit Energy LLC

Spirit Energy is an independent energy provider with corporate headquarters located in the Dallas metroplex. Spirit is engaged in the exploration, development, and production of oil and gas reserves.Since its conception in 2002 this conservative, yet very aggressive company has developed a portfolio of substantial oil and natural gas reserves. Spirit has obtained certain holdings covering 10,000+ acres primarily located in South, South Central, and South West Texas. These prospects are supported with over 50 square miles of HD 3-D seismic data and Spirits extensive Geological Library.The company’s major thrust this year is “The Mas Grande Project.” It is multiple in field developmental projects located in the heart of the most prolific Lobo, Hinnant, and Lower Wilcox trend plays in Texas. This project is located in Jim Hogg and Zapata Counties, Texas. Conservative estimates indicate reserves in excess of 500,000 BCF for this field. Simultaneously we are continuing our other developmental projects in Bee and Brown Counties, TexasSpirit Energy has built its foundation through the acquisition of extensive data and lease acreage for immediate and long term drilling programs, and has assembled an experienced team of professionals including limited partnerships with in house and consulting professionals.Spirits’ team has been solidified by developing specific alliances with technical consultants and service providers with long histories of expertise in drilling, completion techniques, and in producing numerous highly profitable wells in this South Texas regional trend play. Funded by Spirit, and other private sources, Spirit began their drilling programs in 2002. Each program has been successful yielding excellent profits.

Spirit Energy's primary mission is; 'The discovery of new oil and gas fields containing abundant reserves located in the South Texas Wilcox Trend in the Counties of Jim Hogg, Zapata, and adjacent areas, as well as other areas the company deems commercially feasible.'The ongoing discovery of new fields repeatedly each year in Texas, the United States, and worldwide negates news rhetoric that few remaining major reservoirs of hydrocarbons exist.Factually, the objective many of the wells drilled in South Texas from the 1960's to 2000 targeted one primary zone, especially those drilled by the majors. However hi-definition logging capabilities and 21^st century completion techniques of co-mingling zones, and multi-staged fracs (treating and producing several pay zones at once) have revealed the potential of these bypassed and undiscovered reservoirs. Spirit's objective is the maximization of production from the development of drilling prospects containing these attributes. This objective will be achieved through the data and resources accumulated and available to Spirit Energy.It is has been documented that the majority of the oil and gas discovered in this country has been found by independent companies, that are often small and staffed with individuals who have participated in drilling wells in the particular area and who customarily may have studied a multitude of electrical logs from wells drilled in the region. These companies have then developed their prospects supported by utilizing the most advanced technology available, which today is HD-3D seismic. Thus, the independent with sufficient experience and knowledge of a region may move precisely and expeditiously, unhampered by the excess baggage of a major oil company, with its huge administrative costs and committee system of decision making.We believe that Spirit's greatest asset, as in most triumphs of human achievement, is the ability to seek out and build on the accomplishments of pioneers, but without the restraints of 'the herd mentality'. Spirit will accomplish this goal by propagating 'new ideas'. The people associated with Spirit Energy are innovative thinkers.