Castlerock Resources Inc./Tularosa Inc.

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Description

Castlerock Resources Inc. and Tularosa Inc. have retained BlackGold Trading LLC to sell two packages of royalties and working interests in Beckham County, Oklahoma. The interests consist of 102.21 net mineral acres and separate leasehold interests with 23 wells producing and drilling with more than 17 locations. U.S. Location of Assets Seller Agent Item # Texas Texlan Enterprises Ltd. Randall & Dewey 46 Texas VirTex Petroleum Co. Inc. Albrecht & Associates Inc. 49 Texas WG Energy Holdings Inc. Energy Spectrum Advisors Inc. 50 Utah Pendragon Energy Partners Inc. Meagher Oil & Gas Properties Inc. 31 Virginia Pine Mountain Oil and Gas Inc. Albrecht & Associates Inc. 33 Wyoming Kerr-McGee Rocky Mountain Corp. Meagher Oil & Gas Properties Inc. 27 Wyoming Palo Petroleum Inc. Tristone Capital Co. 30 Wyoming Petrobridge Investment Management LLC Meagher Oil & Gas Properties Inc. 32 CANADA Alberta BlackRock Ventures Inc. Sayer Securities Ltd. 52 Alberta Mancal Energy Inc. Tristone Capital Inc. 56 Alberta Rife Resources Ltd. Kobayashi Partners Ltd. 57 Burmis Hunt Oil Co. Tristone Capital Inc. 54 Calgary LongBow Energy Corp. Haywood Securities Inc. 55 Calgary Zapata Energy Corp. Kobayashi Partners Ltd. 58 Western Canadian Defiant Energy Corp. Waterous & Co. 53 INTERNATIONAL Australia Essential Petroleum Resources Ltd. IndigoPool 62 Australia Liberty Petroleum Corp. BlackGold Trading LLC 63 Australia Liberty Petroleum Corp. IndigoPool 64 East Midlands, U.K. Pentex Management Ltd. Waterous & Co. 66 Ecuador EnCana Corp. NA 61 NA Royal Dutch/Shell NA 67 Nigeria Amni International Petroleum Development Co. Ltd. IndigoPool 59 Pakistan Shell Pakistan IndigoPool 68 Papua New Guinea Oil Search Ltd. IndigoPool 65 Sicily Channel British Gas International BV IndigoPool 60 14 • A&D Watch • October 2004 Production in the area is predominantly from the Springer and Morrow formations, however there are several proven productive zones uphole. The mineral rights include nine producing royalty interests generating approximately $8,500 per month. There are seven wells drilling and completing and three wells permitted and proposed. The working interests consist of varying interests in two wells on 7,990 gross acres. Included in this are the 1,430.14-acre Cat Creek Unit and the 1,440-acre Kirtley SE Unit. This property has six wells drilling and two wells completing. For more information, contact Paul Smart, 405-478-0404.