PanAm is a rapidly growing oil and gas company with operations mainly in the Ft. Worth basin and primarily in the Barnett Shale Field Development. PanAm has acquired numerous large lease blocks in several different areas of the Barnett Shale Field to develop. Several thousand acres are being platted and engineered for drilling and development. Gas markets and contracts are being negotiated and leases with greatest potential will be targeted and developed sometime mid-2003.

PanAm also specializes in acquisitions and reservoir engineering. PanAm staff and personnel have years of experience in reservoir studies and evaluation. Potential in today's market, is in cost cutting operations, not through short-cuts but through technology and organization. It is the daily drive and direction of PanAm to build and grow in technological knowledge and skills as well as field applications to optimize resources and costs. "Technology will drive the future of our industry as well as our company!" quote, John O. Burns, President, PanAmerican Operating Inc.

• Oil & Gas Overview