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 for leasehold, prospect and geophysical fees of 5,000, and dry hole costs of 32,370. The Company also consented to participate in drilling operations to casing point in each prospect, resulting in a Bcp Interest of 6.5%.