As of 31st March 2011, the Three Sands Project, located in South Wayne Prospect in Oklahoma, had a total cost of 1,451,543. The Company acquired a 5.00 working interest in the McPherson1-1 well in exchange for leasehold, prospect and geophysical fees of 5,000, and dry hole costs of 32,370. The Company also committed to participating in drilling operations to casing point in each prospect, earning a Bcp Interest of 6.66.