The Gulf Coast of North America has been, and remains, one of the most prolific hydrocarbon producing regions of the world. It has been the birth place and foundation for many of today’s successful oil companies. The Gulf Coast consistently yields high returns on the capital invested and intelligently employed. Osyka’s foundation is firmly established on the Gulf Coast. We currently have operations in two Gulf states: Mississippi and Texas. With interests in over 30 wells in 8 fields, Osyka has achieved a reserve base over the past couple of years with significant upside potential.

During 2009 the company participated in drilling one well which was a successful field discovery. Osyka plans to drill or participate in four wells during 2010.

Our current focus offers a variety of play types ranging from the salt ridges and basin margin faulting in Mississippi to the growth fault associated traps of Louisiana and Texas. Osyka’s philosophy is not to pursue a single trend or play type. Each project is evaluated on its individual economic strength and it fits to our overall portfolio.

Mississippi holds a large portion of Osyka’s Proved Reserves. It is a primary focus of our operations and targets the robust Cretaceous and Upper Jurassic producing intervals. Our Texas reserves are in the Tertiary.

Osyka has developed a number of projects that it plans to execute in 2011. These projects have the potential to considerably increase our reserve volumes and more than double Osyka’s current valuation. The projects could also produce a more balanced ratio of gas to oil.

Strategic relationships are important to a growing company. Osyka is pursuing, and is open to, relationships that offer an opportunity to expand our interests throughout our core areas.