Ticker: FEGR.PK

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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


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

Pottawatomies County Prospects:

Peach Creek West Prospect
Location: Pottawatomie County, Oklahoma
Total Depth: 4500'
Objectives: Primary - Bois D'Arc (Hunton limestone), Wilcox sands
Secondary - Earlsboro, Chimney Hill (Hunton limestone),
St. Louis dolomite
Trap: Anticline (seismic control)
Reserves: 350,000 BO/well, six wells on 40-acre spacing

Tecumseh Prospect
Location: Pottawatomie County, Oklahoma
Total Depth: 4600'
Objectives: Primary - Hunton and Viola limestone, 1st and 2nd Wilcox sands
Secondary - Pennsylvanian sands, Arbuckle dolomite
Trap: Anticline (seismic control)
Reserves: 300,000 BO/well, potential for 25 wells on 40-acre spacing

Morvin Prospect
Location: Pottawatomie County, Oklahoma
Total Depth: 5900'
Objectives: Hunton and Viola limestone, Simpson and Pennsylvanian sands
Trap: Horst Block with anticlinal closure (seismic control)
Reserves: 500,000 BO/well, potential for 10 wells on 40-acre spacing


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