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October 29, 2007:
PanAmerican Operating Inc., Waller #2A - producing in Morris Sand

October 4, 2007:
PanAmerican Operating Inc., Waller #2A - completing in Morris Sand

October 1, 2007:
PanAmerican Operating Inc., Amos-Aldridge #1 - TD'd well, awaiting completion

September 20, 2007:
PanAmerican Operating Inc., Waller #2A - TD'd well, awaiting completion in Morris Sand

September 19, 2007:
PanAmerican Operating Inc., Amos-Aldridge #1 - spudded well, proposed total depth:
4,500’

September 7, 2007:
PanAmerican Operating Inc., Waller #2A - spudded well, proposed total depth:
4,500’

August 25, 2007:
PanAmerican Operating Inc., Gary-Waller Unit #1 - first date of production

August 15, 2007:
PanAmerican
Operating Inc., welcomes Craig Fowler as Land Manager

July 14, 2007:
PanAmerican Operating Inc., Gary-Waller Unit #1 - spudded well, proposed total depth:
4,500’

May 6, 2007:
PanAmerican Operating Inc., Gary #1 - first date of production in Jennings Sand zone

April 26, 2007:
PanAmerican Operating Inc., Walsh-Waller #1 - first date of production

April 25, 2007:
PanAmerican Operating Inc., Walsh-Waller #1 - reentry well, proposed total depth:
4,500’

April 18, 2007:
PanAmerican Operating Inc., Waller #1 - first date of production

April 13, 2007:
PanAmerican Operating Inc., S.E. #3-H - first date of production

March 16, 2007:
PanAmerican Operating Inc., S.E. #3-H - spud horizontal well, proposed total depth:
6,800’

January 17, 2007:
PanAmerican Operating Inc., S.E. #1 - spud well, proposed total depth:
5,000’

November 18, 2006:
PanAmerican Operating Inc., Waller #1 - spud well, proposed total depth:
4,200’

October 23, 2006:
PanAmerican Operating Inc., Gooch #3 - reentry well, proposed total depth:
8,300’

August 15, 2006:
PanAmerican Operating Inc., Gary #2 - spud well, proposed total depth:
4,300’

July 8, 2006:
PanAmerican Operating Inc., Gary #1 - spud well, proposed total depth:
4,300’

May 27, 2006:
PanAmerican Operating Inc., Pieper #1 - spud well, proposed total depth: 5,600’

March 11, 2006:
PanAmerican Operating Inc., Underwood #1 - spud well, proposed total depth: 5,100’

February 27, 2006:
PanAmerican Operating Inc.,
Werner Unit #1 - spud well, objective zone: Odom Lime @ 5,000’

February 14, 2006:
PanAmerican Operating Inc.,  Closed Leasebank on N. Dakota.

January 30, 2006:
PanAmerican Operating Inc., Closed Leasebank on Louisiana.

January 30, 2006:
PanAmerican Operating Inc.,  Completed a joint venture on North Cypress Prospect (objective zone: James Lime) with PetroQuest Exploration on a 5000 acre block in DeSoto Parish.

January 10, 2006:
PanAmerican Operating Inc., Purchases a new office complex and will be moved in February 1st.

October 15, 2005:
PanAmerican Operating Inc., Acquires first leases in the Fayetteville Shale, Conway County, Arkansas.

September 19, 2005:
PanAmerican Operating Inc., Linda #1 - spud well
, objective zone: Basil Oil Creek Sand @ 7500'.

September 13, 2005:
PanAmerican Operating welcomes Robert Buchan as General Legal Counsel.

May 16, 2005:
PanAmerican Operating Inc. welcomes Michael Knight, Director of Field Operations Michael just retired from the Texas Railroad Commission after 23 years of service and his expertise will be extremely valuable to the company.

May 10, 2005:
PanAmerican Operating Inc., Wright #1
(directional well) - reached total depth 6553' & will begin completing in the Barnett Shale.

April 19, 2005:
PanAmerican Operating Inc., Wright #1 - spud well, objective zone: Barnett Shale @ 6500'.

April 18, 2005:
PanAmerican Operating Inc.,
sells interest in 13 Barnett Shale properties in North Texas to Carrizo Oil and Gas for an undisclosed amount.

April 5, 2005:
PanAmerican Operating Inc., Dudley Bro's #1 -  Re-entry, objective zone: Odem Lime, estimated TD @ 5100'.

April 1, 2005:
PanAmerican Operating Inc. welcomes Viktoria Semenyuk, administrative assistant to all departments for the PanAm team!!  Her help is greatly appreciated.

March 24, 2005:
P
anAmerican Operating Inc., Wickizer #1 - reached total depth 6400' & will begin completing in the Barnett Shale.

March 11, 2005:
P
anAmerican Operating Inc., Wickizer #1 - spud well, objective zone: Barnett Shale @ 6500'.

February 14, 2005:
P
anAmerican Operating Inc., Moon Wilson #1 - reached total depth 6100' & will begin completing in the Barnett Shale.

February 4, 2005:
P
anAmerican Operating Inc., Moon Wilson #1 - spud well, objective zone: Barnett Shale @ 6500'.

January 8, 2005:
P
anAmerican Operating Inc., Hebert #1 - reached total depth 5772’ & will begin completing in the Barnett Shale.

December 24, 2004:
P
anAmerican Operating Inc., Hebert #1 - spud well, objective zone: Barnett Shale @ 6700'.

August 7, 2004:
P
anAmerican Operating Inc., White #1 - reached total depth 6759’ & will begin completing in the Barnett Shale.

July 31, 2004:
P
anAmerican Operating Inc., Propst #5 - reached total depth 4751’, well was plugged and abandoned.

July 24, 2004:
P
anAmerican Operating Inc., White #1 - spud well, objective zone: Barnett Shale @ 6500’.

July 22, 2004:
P
anAmerican Operating Inc., Propst #5 - spud well, objective zone: Truby (Strawn) @ 5000’.

July 18, 2004:
P
anAmerican Operating Inc., White #2 - reached total depth 6647’ & will begin completing in the Barnett Shale.

July 1, 2004:
P
anAmerican Operating Inc., Propst #3 - well was plugged and abandoned.

June 26, 2004:
P
anAmerican Operating Inc., White #2 - spud well, objective zone: Barnett Shale @ 6500’.

June 23, 2004:
P
anAmerican Operating Inc., Propst #3 - reached total depth 4800’ & will begin completing in the Truby (Strawn).

June 17, 2004:
P
anAmerican Operating Inc., Propst #3 - spud well, objective zone: Truby (Strawn) @ 5000’.

June 17, 2004:
P
anAmerican Operating Inc., Propst #1 - reached total depth 4785’ & will begin completing in the Truby (Strawn).

June 11, 2004:
P
anAmerican Operating Inc., Propst #1 - spud well, objective zone: Truby (Strawn) @ 5000’.

June 8, 2004:
P
anAmerican Operating Inc., Propst #2 - reached total depth 4804’ & will begin completing in the Truby (Strawn).

June 8, 2004:
P
anAmerican Operating Inc., Ribble #1 - reached total depth 6120’ & will begin completing in the Barnett Shale.

June 1, 2004:
P
anAmerican Operating Inc., Propst #2 - spud well, objective zone: Truby (Strawn) @ 5000’.

May 28, 2004:
P
anAmerican Operating Inc., Ribble #1 - spud well, objective zone: Barnett Shale @ 6500’.

May 17, 2004:
P
anAmerican Operating Inc., Finney #2 - reached total depth 6778’ & will begin completing in the Barnett Shale.

April 30, 2004:
P
anAmerican Operating Inc., Finney #2 - spud well, objective zone: Barnett Shale @ 6500’.

April 26, 2004:
P
anAmerican Operating Inc., Pritchard #1 - reached total depth 6470’ & will begin completing in the Barnett Shale.

April 13, 2004:
P
anAmerican Operating Inc., Pritchard #1 - spud well, objective zone: Barnett Shale @ 6500’.

April 11, 2004:
P
anAmerican Operating Inc., Fisher #1 - reached total depth 6389’ & will begin completing in the Barnett Shale.

March 31, 2004:
P
anAmerican Operating Inc., Fisher #1 - spud well, objective zone: Barnett Shale @ 6500’.

March 29, 2004:
P
anAmerican Operating Inc., J. Laney #1 - reached total depth 6275’ & will begin completing in the Barnett Shale.

March 18, 2004:
P
anAmerican Operating Inc., J. Laney #1 - spud well, objective zone: Barnett Shale @ 6500’.

March 17, 2004:
Spirit Energy LLC completes first stage of twenty (20) well program with PanAmerican Operating Inc.

March 12, 2004:
PanAmerican Operating Inc. Priest #2 - reached total depth 6165’ & will begin completing in the Barnett Shale.

February 27, 2004:
PanAmerican Operating Inc. Priest #2 - spud well, objective zone: Barnett Shale @ 6700’.

February 18, 2004:
P
anAmerican Operating Inc. Finney #1A - reached total depth 6864’ & will begin completing in the Barnett Shale.

February 3, 2004:
P
anAmerican Operating Inc. Finney #1A - spud well, objective zone: Barnett Shale @ 6500’.

January 26, 2004:
P
anAmerican Operating Inc. M. Tackett #3  - reached total depth 6397’ & will begin completing in the Barnett Shale.

January 18, 2004:
P
anAmerican Operating Inc. Priest #1 - reached total depth 6363’ & will begin completing in the Barnett Shale.

January 16, 2004:
P
anAmerican Operating Inc. M. Tackett #3  - spud well, objective zone Barnett Shale @ 6700’.

January 11, 2004:
P
anAmerican Operating Inc. S. McKinzie #3 - reached total depth 6278’ & will begin completing in the Barnett Shale.

January 2, 2004:
P
anAmerican Operating Inc. S. McKinzie #3 - spud well, objective zone: Barnett Shale @ 6500’.

January 1, 2004:
P
anAmerican Operating Inc. M. Tackett #2  - reached total depth to 6331’ & will begin completing in the Barnett Shale.

January 1, 2004:
P
anAmerican Operating Inc. Priest #1 - spud well, objective zone: Barnett Shale @ 6700’.

December 31, 2003:
P
anAmerican Operating Inc. S. McKinzie #2 - reached total depth to 6345’ & will begin completing in the Barnett Shale.

December 20, 2003:
P
anAmerican Operating Inc. M. Tackett #2  - spud well, objective zone Barnett Shale @ 7000’.

December 18, 2003:
P
anAmerican Operating Inc. S. McKinzie #2 - spud well, objective zone: Barnett Shale @ 6500’.

December 17, 2003:
P
anAmerican Operating Inc. Jack Haile #1 - reached total depth to 6374’ & will begin completing in the Barnett Shale.

December 15, 2003:
P
anAmerican Operating Inc. M. Walker #1 - reached total depth to 6438’ & will begin completing in the Barnett Shale.

December 8, 2003:
P
anAmerican Operating Inc. Jack Haile #1 - spud well, objective zone: Barnett Shale @ 6500’.

December 3, 2003:
P
anAmerican Operating Inc. M. Walker #1 - spud well, objective zone: Barnett Shale @ 6500’.

October 24, 2003:
P
anAmerican Operating Inc. Mary Tackett #1 - reached total depth to 6374’ & will begin completing in the Barnett Shale.

October 14, 2003:
P
anAmerican Operating Inc. Mary Tackett #1 - spud well, objective zone: Barnett Shale @ 6500’.

October 12, 2003:
P
anAmerican Operating Inc. McKinzie #1 - reached total depth to 6360’ & will begin completing in the Barnett Shale.

October 4, 2003:
P
anAmerican Operating Inc. McKinzie #1 - spud well, objective zone: Barnett Shale @ 6500’.

August 21, 2003:
PanAmerican Operating Inc. Smelley #1 - reached total depth to 6727’ & will begin completing in the Barnett Shale.

August 9, 2003:
P
anAmerican Operating Inc. Smelley #1 - spud well, objective zone: Barnett Shale @ 6750’.

August 8, 2003:
PanAmerican Operating Inc. acquires 198 acre lease in Wise County Texas.

August 5, 2003:
PanAmerican Operating Inc. becomes operator on Knapek #1 & Knapek #3 wells, Williamson County Texas.

August 3, 2003:
PanAmerican Operating Inc. selects first Aledo area well site.

August 2, 2003:
PanAmerican Operating Inc. acquires leasehold acreage in Northeast Parker County.

June 23, 2003:
PanAmerican Operating Inc. targets oil and gas leases in Wise County, Texas. “We are actively pursuing and have completed several new leases and or development properties in Wise County and Denton County, Texas. There are continually small to medium size tracts where leases expire with previous lessees’ and revert back to the mineral interest owner or owners. Not everyone meets the drilling commitments or lease expiration term,” say Jim Dyer, Senior Landman for, PanAmerican Operating Inc. “We always watch for opportunities that may arise from these type of situations but mostly you have to react quickly and be able to perform reasonably soon! This makes it difficult to respond and perform every time but we try to get our fair shares worth of these properties.”

June 20, 2003:
PanAmerican Operating Inc. acquires new leases in Parker County Texas in the Barnett Shale Field near two newly drilled wells. “The new leases are geographically sound related to the two new wells. There has been very favorable information on these wells to get us excited about the potential in the area.  We started this leasing before any wells were drilled so this is good news for us and our partners. We always felt there was good potential here and feel much better now after initial results are available,” quotes John Burns, President, PanAmerican Operating Inc. “This area is very active and leasing is very competitive. Obviously, good news travels fast!” quote Burns.