The Three Sands Project, located in South Wayne Prospect, Oklahoma, had a total cost of 1,451,543 as of 31 March 2011, with the Company purchasing 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, and the Bcp Interest is calculated to be 6.