January 2008 EEC’s water treatment facility near Stanley, North Dakota is in now in operation and servicing the Bakken Oil field in Mountrail County, North Dakota. EEC has finalized a pipeline contract with Chevron for disposing of their production water into EEC’s operated water treatment facility located in Upton County, Texas. We are pleased to be working with Chevron. EEC assumed operatorship of a wellbore in Sweetwater County, Wyoming. We are beginning recompletion plans for a commercial water treatment facility to serve the area. December 2007 EEC has negotiated with Chesapeake Energy in the Reeves County, Texas area to construct a pipeline and two water stations for Chesapeake operated wells near the water treatment facility located in Reeves County, Texas west of Pecos. The work has begun and we look forward to accommodating Chesapeake and other operators in the area. November 2007 EEC has applied for and was granted a permit to recomplete a plugged and abandoned wellbore located in Mountrail County, North Dakota near the city of Stanley. EEC plans to recomplete the wellbore to a water treatment facility. We look forward to accommodating the Stanley, North Dakota area in the near future. EEC was assigned operatorship of a water treatment facility in Reeves County, Texas just west of the city of Pecos. We have performed a workover to get facility upgraded to a commercial water treatment facility. September 2007 EEC purchased a brine station located in Ward County, Texas near the city of Barstow. Included with this purchase EEC acquired a second brine station and fresh water well in Pecos County, Texas near the city of Coyanosa. We look forward to serving the West Texas oil and gas fields. EEC assumed operatorship of a water treatment facility and oil well located in Gaines County, Texas. Included with this purchase is another water treatment facility located in Yoakum County, Texas. All three facilities are located west of Denver City, Texas. July 2007 EEC has just been notified by the Australian Government, as the winning bidder for four blocks located in the prolific Carnarvon Basin Offshore Western Australia, called W06-10 & W06-13. The Carnarvon Basin is Australia’s most prolific oil and gas producing basin, with a cumulative production of over 1 million barrels of crude oil and condensate. It is a major producing hydrocarbon province, with world class oil and gas fields discovered to date. W06-10 is located near the Jansz-lo gas field with estimated reserves of 22 trillion cubic feet of gas. In July 2006, Chevron drilled the Chandon-1 well. The well was located within WA-268P. The well was located in between the Jansz-lo gas field and the border of W06-10. The Chandon-1 exploration well was drilled to a total depth of 11,801 feet. The primary objective reservoir interval at the top of Mungaroo Formation was found to be gas bearing. The well intersected a 646 foot gross gas column within high quality reservoir sands. Estimated reserves are 4 TCF of gas. W06-13 is located near the East Spar gas field. East Spar was discovered in 1993. First production averaged 30 million cubic feet of gas per day and 2,000 barrels of condensate per day from just two subsea wells. The East Spar-6 well averaged rates of 33 million cubic feet of gas per day and 1,733 barrels of condensate per day. We are excited to be expanding our leasehold interest in this booming area. We would like to thank the Western Australia Government for the opportunity to do business with them, and look forward to exploring for oil & gas in the most prolific oil and gas producing basin in Australia. November 2006 EEC has just placed bids with the Australian Government for four blocks located in the prolific Carnarvon Basin and Bonaparte Basin Offshore Western Australia. The Carnarvon Basin is Australia’s most prolific oil and gas producing basin, with a cumulative production of over 1 billion barrels of crude oil and condensate. It is a major producing hydrocarbon province, with world class oil and gas fields discovered to date. The Bonaparte also has large hydrocarbon filled structures. In the Carnarvon Basin, the Barrow Island oilfield has produced 300,000,000 barrels of oil since it commenced operations in 1967 and is expected to recover a further 100,000,000 barrels through secondary recovery techniques. The $12 billion North West Shelf Gas Project currently extracts gas and condensate from the large offshore North Rankin (6.3 TCF), Goodwyn (4.8TCF) and Perseus (9.2 TCF) fields. We are excited for the possible opportunity to be awarded these areas. We thank the Western Australia Government for the opportunity to do business with them, and look forward to their final decision. July 2006 EEC has just finalized the Green River Basin Well Package from EnCana. We currently have operations in Wyoming, and this package fits nicely with our interests. We are excited to be expanding our leasehold interest in this booming area. We thank EnCana for the ability to do business with them, and look forward to future dealings. June 2006 – Energy Equity has been studying the African oil and gas market for some time now. In the beginning of the month, Alison Quammen, our international represenitive, spent a week in western Africa talking with the national oil and gas company. According to Ms. Quammen, the meetings went very well and EEC is looking forward to aggressively pursuing the opportunities in that country. June 2006 – Also this month, David Day, was in Vietnam talking with Petrovietnam. David has been in negotiations with Petrovietnam on behalf of Energy Equity. EEC is aggressively moving forward with expansion of its interests into the Asian market. We are looking forward to a partnership with Petrovietnam. May 2006 – EEC is excited to announce that it continues to diversify its interests in the oil and gas industry. EEC has purchased 2 new fluid disposal wells in Sheridan County, Montana. We are currently in the planning phase of installing a pipeline to these disposals. We are eager to be a part of the new play in the Williston Basin and look forward to being of service to all of the new drilling taking place in the area. May 2006 – EEC is currently in final negotiations with Encana to acquire their interest in the Green River Basin gas field in Wyoming. EEC owns and operates oil and gas wells in Wyoming and we are looking forward to expanding our lease holdings. We thank Encana for the ability to work with them on this project. May 2006 – EEC is always interested in diversifying its holdings in the oil and gas industry. For example, we own and operate oil and gas wells, fluid injection wells and pipelines and we also supply brine to the drilling industry. We are currently researching new brine and fresh water well locations in West Texas to accommodate all of the new drilling. April 2006 – EEC has just completed a new oil field fluid system in Western North Dakota. We are happy to announce that our fresh water system is up and running, supplying fluids to the drilling rigs in the area. April 2006 – EEC is currently is top level negotiations with a Western African nation. We are thrilled about this prospect. We have been working closely with consultants from RPS Energy on this matter. EEC is currently expanding its operations to Africa, South America and Southeast Asia. We are looking forward to working with the governments of these countries to help them expand their oil and gas production. EEC has extensive knowledge in the area of mature and problem oil and gas fields. We pride ourselves in using the most current methods of increasing production in mature fields. We are problem solvers; we thrive on solving the problems, i.e. fields with high sulfur or carbon dioxide content. We are looking forward to working with these countries to increase their oil and gas production. March 2006 – EEC just purchased 2 wells in Pontotoc County, Oklahoma. We are excited to have expanded our lease holdings to Oklahoma. We currently own and operate wells in Texas, Louisiana and Alabama; Oklahoma is a perfect fit for us to expand our interests. February 2006 – EEC warmly welcomes David Day of Honolulu, Hawaii to our team. David is currently working as a liaison between EEC and Petrovietnam. David has worked closely with Petrovietnam in the past and we are thrilled to have him as part of our team. Through David, we are currently in negotiations with Petrovietnam and look forward to a very productive future between our two companies.