Hathaway LLC acquired the Jasmin Quinn Leases in January of 2006. Current oil production at the time was 38 BOPD with only 9 active wells. Currently the Jasmin lease produces approximately 360 BOPD through 30 active oil and gas wells. Our plan is to slowly develop Jasmin through a combination of low risk work overs and additional PUD Horizontal Drilling. The Jasmin Field is a long life, low risk, quality asset with over 29 wells still remaining in the PUD category and several wells in the PDNP category that can easily be returned to production. Jasmin is also a unique field where all of the water produced is fresh. For over 30 years Jasmin wastewater has been given to the surrounding farmers to irrigate citrus trees. Just last year Hathaway LLC began charging for the wastewater generating a revenue center not common in the oil and gas industry.