Acquisition

12-1-2001

I am pleased to announce that Alfred Ward & Son has purchased from Nance Petroleum, a subsidiary company of St. Mary Land and Exploration Company,  a 75% interest in the Plains Field located in Washington County, Colorado.   Nance had acquired the field in a purchase of the property of Choctaw II Oil and Gas.

1-31-2002

Alfred Ward & Son has acquired a 50% interest in a unit in the Big Beaver Field.  Alfred Ward & Son now owns and operates the majority of this field. Big Beaver has produced over 9 million barrels of oil.

10-25-2002

A discovery we were involved with a few years back now has a been confirmed as a field discovery.  Our second well is proving to be successful and a development outpost from it has also been successful. It is now expected that this one well field will grow to six or more.

01-15-2004

I have been gas testing our discovery south of Sidney, Nebraska and it appears to be economic to hook these wells to a gas system and sell the gas.

02-01-2004

I am pleased that  in conjunction with J-W Operating and others that a developmental shallow gas location in the Buckboard field is successful and confirms the computer modeling that has been done in the area.

05-01-2005

Alfred Ward & Son has re-entered an abandoned well in the Peetz Table Field.  The well is classed as a developmental outpost as it has skipped one drilling location.  The well has been completed and information is being withheld at this time.

12-01-2005

Our Peetz Table Field has grown by one well with the moderate production coming from the re-entry.

12-01-2006

In partnership with Petron Development Company, the completion of the Al Ward 1-17 further extends the production of the Yuma County, Colorado Buckboard field.

04-01-2007

Another completion of a Peetz Table well.  This well is being somewhat of a mystery and is not living up to the potential expected from an infield well.

06-01-2007

Successful completion of a Pinnacle reef mound well in Stonewall County, Texas

10-01-2007

Really expensive test of the Ellenburger fornation in Kimble County, Texas resulted in a dry hole.