The Three Sands Project, located in South Wayne Prospect, Oklahoma, had a total cost of 1,451,543 as of 31 March 2011. The Company purchased 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. They also committed to participating in drilling operations to casing point in each prospect, earning a Bcp Interest of 6.66.