Ticker: FEGR.PK Quote: $0.009 More Info:

2008-11-12 Friendly Energy Acquires Ten Natural Gas Drilling Sites, Options Forty Additional Sites 2008-07-10 Friendly Energy Reports Initial Production 2008-07-02 Friendly Energy Advances Initial Payment Toward Infield Development Plan

Friendly Energy Corporation, (FEGR.PK)

A growth oriented oil exploration and development company, poised to take advantage of the current market pricing in the oil and gas industry.

"Friendly Energy is now moving forward in the identification and development of new significant prospects. This development well drilling program has the potential of a very significant discovery as indicated by the joint venture's petroleum geologists," states company President Douglas Tallant. "We expect that this prospect will allow the company the opportunity to execute upon its business plan of exploration and development of low risk potential oil producing properties, with significant upside for the company."

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1) Southwest Talpa II – Project - Download PDF, Word Doc

The initial exploratory well was drilled in February at the Talpa lease. The target depth was 3,700 feet, which gave us a look at most of the potential producing geologic zones in the region. A complete log is available upon request.

Our initial logs supported the idea that the TALPA lease had strong Serratt potential similar to other neighboring leases in the region. The logs showed 2 foot of Serratt sand, with hydrocarbons, and dry in nature. The prevailing conclusion reached by our geologist and petroleum engineer is that our initial well was in the pinch-out area of the Serratt.

2) Forest City Basin in Southern Iowa - Friendly Energy Services, Inc., has entered into a drilling contract with Ozona Natural Gas Company, L.L.C.

The company will be participating in the drilling of a development well located in the northern end of the prolific Forest City Basin in Southern Iowa.

It is anticipated that the initial drilling start date will be within the first two weeks of May 2008.

The company will have a 42.5% Working Interest and a 25% Net Revenue Interest of the first well and any subsequent wells drilled in an established area of mutual interest established by the drilling agreement.

Download for 20 million barrel prospect information - PDF format

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