Loudon Exploration Inc.

Loudon Exploration Inc. has retained PLS Inc. to sell its interest in the Encinitas Field in Brooks County in South Texas. Loudon is the operator of all of the properties, including 11 wells with net production of approximately 5.9 million cubic feet of gas equivalent per day. The properties have proved developed producing reserves of approximately 6 billion cubic feet of gas and 350,000 barrels of oil. For more information, contact Verna Ray, 713-650-1212.