News | January 5, 2007

Energy Finders, Inc. Leases Exceed 20,000 Acres For The Mega West Project

Dallas - Energy Finders, Inc. reported the acquisition of an additional 1,116 acres, more or less, for the Mega West Project. The project now consists of 20,666 acres, more or less, and additional acreage is being acquired for the project on a continuing basis.

The joint venture partners are finalizing locations for the core tests, and have acquired significant additional capital and hired a project manager and support personnel. Core Drilling is now expected to commence during February 2007.

The project acreage is projected to contain more than 48 million barrels of recoverable oil per each 640-acre section. Total recoverable reserves are now estimated in excess of 1.4 billion barrels of oil.

SOURCE: Energy Finders, Inc.