The Three Sands Project, located in South Wayne Prospect, Oklahoma, had a total cost of 1,451,543 as of 31 March 2011, which included the purchase of 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 committed to participating in drilling operations to casing point in each prospect, and the Bcp Interest is calculated to be 6.