Our strategic alliances with well-established industry partners allow us to combine our resources, talent, industry know-how and experience to create unique opportunities for our company and our partners that we believe will provide long-term rewards and ensure a bright future for Precision Oil Corporation. Corporate Overview Precision Oil Corporation serves as the Managing Venturer of Oil & Gas General Partnerships otherwise known as Joint Ventures. Its principal purpose is to select opportunities that, if successful, are income-producing, provide favorable profit-to-investment ratios, tax benefits, and reasonable payouts. Management Honesty, ethics and business integrity have long been guiding principals of the Company. Comprised of a senior staff of experienced oil and gas professionals, Precision Oil Corporation has a management team that has worked together for more than a decade and is an integral part of our reputation and platform for success. Evaluation Precision Oil Corporation and our team of industry veterans have the experience, knowledge and extensive relationships to source, evaluate, acquire and operate projects that have the greatest potential for success. All projects are screened using the highest industry standards and state-of-the-art technology and must meet Precision Oil Corporation's stringent analysis and technical evaluation criteria before they meet our criteria for participation. Opportunity As our economy recovers, the supply and demand for oil and natural gas will play a pivotal role because domestic energy resources are vital to a vibrant economy. Not only is Precision Oil Corporation positioned to contribute to the supply for that demand, we are uniquely positioned to identify and capitalize on the right opportunities at this unique time in our industry's history. Furthermore, the United States' energy consumption is expected to continue to increase more rapidly than domestic supply through 2030. The United States' demand is projected to increase from 21 million barrels per day in 2005 to 27 million barrels per day in 2030. Total demand for natural gas in the United States is forecasted to grow from 22 trillion cubic feet in 2005 to over 26 trillion cubic feet in 2030. Tax Advantages Both drilling expenses and production income currently can offer excellent tax advantages. Control Partners retain 100% control over their Joint Venture.