Company Description (as filed with the SEC)
We are an independent energy company engaged in the exploration and development of domestic onshore oil and gas reserves. We focus our efforts primarily on the exploration and development of coalbed methane, or CBM, natural gas properties located in the Rocky Mountain region and on our horizontal drilling, waterflood oil recovery programs in the Wilmington field within the Los Angeles Basin of California. As of December 31, 2009, we owned natural gas and oil leasehold interests in approximately 160,053 gross (85,534 net) acres, approximately 80% of which are undeveloped. Substantially all our undeveloped acreage is located in the Rocky Mountains. We have identified approximately 530 gross drilling locations on our acreage in the Rocky Mountains, primarily on 80-acre well spacing. We also have drilling locations in our Wilmington field units that can be developed. ... More ...