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JAKETOWN RESOURCES

Jaketown Resources is a $20MM-plus oil and gas development fund that was created during the worst downturn in the oil and gas industry in over a decade, specifically to take appropriate advantage of two factors. First, they were successful in putting together a unique farmout arrangement with Devon, an Oklahoma City based public E & P Company, for a substantial amount of acreage in Central Oklahoma. This relationship provided some proprietary and NDA protected geo data that has proven to be very valuable. Secondly, when oil and gas prices drop 50% in less than 6 months, there is an appropriate advantage to be taken with reduced prices of every type of service and product used in drilling for oil and gas, with some reduced to less than 50% from the previous year. This creates shareholder value and unique opportunities for those that have the cash and the willingness to continue drilling.

Kevin and Black Gold serve on the board of directors of the General Partner, and as the CFO for this and other related drilling funds.

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