Texas Oil Investments

Consolidated Oil & Gas is enacting a corporate growth program specifically designed to exploit the unique opportunities currently available in the domestic oil and gas production market. This includes producing new supplies of environment friendly natural gas to satisfy growing U.S. demand. We believe our focus on finding and producing oil and natural gas should provide strong profits and substantial growth in the years ahead.

We specialize in re-entry well projects throughout Texas and the Gulf Coast region. Our major emphasis on developing existing well bores and re-entering wells behind existing pipe to produce oil and gas enables us to reduce costs and generate substantial higher investment returns. This also minimizes the risks and high capital costs typically associated with drilling new wells.

Our highly experienced team of industry veterans and the intra-industry partnerships we have developed through the years gives us a strong advantage in locating oil and gas properties with outstanding high return potential. By leveraging these assets, we have assembled a large pool of projects with the potential for solid, long-term production performance. From this pool we have identified the best possible drilling, work over and re-entry candidates. With this base we are now launching a focused corporate growth program.

Owning our own equipment and utilizing modern computer aided work over equipment provides Consolidated with another advantage over other oil companies in obtaining oil and gas reserves at a very low dollar per barrel costs.

In order to extract the highest level of efficiency from selected re-entry programs, Consolidated has acquired small, mobile drilling and work over rigs to quickly bring projects to full production levels. These small rigs require much less time to "rig-up" and "rig-down" and are specifically suited to execute our re-entry program specialization growth plan.

In addition, through our management team’s oil industry experience, we have assembled seasoned, coordinated teams of rig hands who specialize in the operation of your equipment.

Since the expected rate of success per prospect is projected to be approximately 75%, working-over as many wells as possible, as efficiently as possible, represents a realistically effective method of accruing substantial reserves. Over the past century thousands of plugged and abandoned wells in Texas, when drilled, had significant "shows" of natural gas. But they were ultimately abandoned because oil was not found during the drilling process. The availability of good quality re-entry opportunities is at an all-time high because current fossil fuel pricing, especially for natural gas, ensures an excellent return on investment.

Consolidated is dedicated to maintaining a low cost structure, keeping General and Administrative expenses as low as possible. The reasoning behind the immediate commencement of an aggressive re-entry program is straightforward -- prices for oil and natural gas are very high and are expected to remain so as producers struggle to service demand. The most cost-effective method for recovering oil and natural gas reserves is via the implementation of a disciplined and well-structured re-entry program.

Consolidated expects to become a recognized re-entry specialist and a leading Texas oil & gas production company in the immediate future.