Independent oil and gas investments in exploration development

Dennis R. Kittler
President and Founder

Mr. Kittler is the founder and President of Fossil Oil & Gas Management, L.L.C. (“Fossil”). His responsibilities are to manage Fossil’s entire corporate functions including Administration, Financial, Marketing, and all functions involving the generation of high quality drilling prospects for industry participation. He is an active member in the Houston Geological Society (HGS # 10102), Houston Producers’ Forum (HPF), American Association of Petroleum Geologists (AAPG # 77661-1), Texas Independent Producers and Royalty Owners Association (TIPRO), Independent Petroleum Association of America (IPAA), the American Association of Professional Landmen (AAPL # 37635), Texas Alliance of Energy Producers (TAEP #12254), and a charter member of the Houston Wildcatters Association.

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Mr. Kittler earned a Bachelor of Arts (BA) in finance (Coe College - Iowa) in 1965 and a Master of Business Administration (MBA) in Marketing Management in 1967 (St. Cloud State University - Minnesota). His business career for the past three decades has been with several nationally recognized corporations where he held executive level positions from sales manager to President and CEO in a variety of industries from computers/ office products (IBM), advertising (Ampex Stereo Tapes and Ampex Music Division), international imports (ACC Distributing), Professional Sports (Miami Dolphins-NFL / World Team Tennis) and oil and gas exploration and production (ACC Exploration Co., Jurassic Energy Corp. and Fossil Oil & Gas Management, L.L.C.).

After active duty and serving in the U.S. Army (National Guard), Kittler joined IBM in Chicago where he was recognized for a successful sales and sales management career in IBM’s Office Product Division. Kittler resigned to take over the marketing / advertising executive position in NYC with Ampex Stereo Tapes / Ampex Music Division followed by an exciting marketing and promotional career in Florida with both the NFL Miami Dolphins and World Team Tennis League.

In 1975, the Arab Oil Embargo had opened up new and challenging opportunities in marketing oil and gas drilling programs (tax shelters) in the investment industry resulting in a major career change for Kittler with an exploration company specializing in the funding of oil and gas investments, limited partnerships and direct participation drilling and completion programs.

drk at rig

As a partner in charge of the Rocky Mountain region for ENI Exploration Company, Kittler was a partner in a firm that structured, sponsored and marketed more than fifty (50) diversified oil and gas drilling programs involving dozens of industry partners and hundreds of oil and natural gas wells throughout the United States and Canada. In 1979, Mr. Kittler resigned from ENI to become the President and CEO of a Houston based independent exploration and production company drilling and operating wells throughout the upper Texas Gulf Coast region. His responsibilities involved over-seeing both administrative and the managing of field operations including lease acquisition,drilling,completion, and marketing of hydrocarbons. In late 1986, the company divested and sold its Texas producing oil and gas properties. Kittler went overseas to form a joint venture with the Republic of China (China National Oil Company) and selected clients in South Korea (Lucky Gold Star Corporation) seeking producing oil properties for their refinery feed stock sources.

Prior to forming Fossil Oil & Gas Management, LLC, Mr. Kittler held the position of Chairman and Chief Executive Officer of Jurassic Companies, Inc. (“JCI”), a privately owned oil and gas operating company specializing in the acquisition of producing properties and generating drilling prospects in the upper Texas Gulf Coast Region for industry partners and non-industry accredited partners. After operating for ten years under Fossil Oil & Gas, LLC and Fossil Oil & Gas Management, LLC, Kittler formed Fossil Oil Company, LLC to drill the Muehr #2 well in the Cooley Field, Ft. Bend County, Texas. The Muehr #2 well’s field activities will be operated by Oblaen Resources, LLC and is scheduled to commence drilling operations in the 1st quarter, 2010 contingent upon rig availability.

Donald J. Timko
Petrophysics and Petroleum Engineer

Mr. Donald J. Timko has nearly 50 years experience in the petroleum industry. After graduating from the University of Pittsburgh, he was employed by Continental Oil Company (now ConocoPhillips) as a Research and Reservoir Petroleum Engineer. Some of his initial responsibilities involved drilling and evaluating wells in Conoco’s extensive operations in Texas, Oklahoma and Kansas. Prior to leaving Conoco in 1973, Mr. Timko was promoted as the head of Conoco’s Formation Evaluations Operations on a worldwide basis. Among his many responsibilities in this position, the most significant included....in-depth review and interpretation of Well Logs, Drill Stem, Sidewall Cores, Well Testing and Production Recommendations.

After resigning from Conoco, he formed and operated his own independent petrophysics consulting company, which continues to this day.

Over the years, Mr. Timko has been successfully associated as owner or co-owner of two domestic production companies, which have discovered and developed considerable oil and gas reserves along the upper Gulf Coast of Texas. He sold these interests in 1998, and now devotes full time as a petroleum consultant, specializing in petrophysics.

Mr. Timko has been a member of the faculty at the University of Houston, teaching graduate level courses in Hydrocarbon Formation Evaluation. He has over the years, taught similar Hydrocarbon Formation Evaluation courses in the USA, Canada, South America, Europe, Asia, and Africa.

He is a past President of the International Petrophysical Society, which is the petroleum industries technical society in the field of Formation Evaluation.

Mr. Timko is recognized and acknowledged as an expert witness in formation evaluation and geology before the Texas Railroad Commission and the Louisiana Land Commission. Mr. Timko was selected as a “Distinguished Lecturer” for the Society of Petroleum Engineers of A.I.M.E. The lectures, given worldwide, emphasized techniques to define the commerciality of oil and gas reservoirs in high pressure/ high temperature geological environments. He has published many technical papers on this subject over the years, the most recent being in 2004 and 2008.

Presently, Mr. Timko has been Fossil Oil & Gas Management’s consulting Petroleum Engineer and Petrophysics Expert. He currently is a principal advisor to Fossil Oil, relative to Fossil’s Project to drill a 13,500’ deep Meek (Wilcox) gas/condensate Well called the Muehr #2 located in the Cooley Field, Fort Bend County, Texas during the 1st quarter, 2010.

E.J. Gilbert, P.E.
Drilling Engineer Consultant

EXPERIENCE:
Present - Fossil Oil Company, LLC
- On-site Drilling and Completion EngineerFebruary 2006 – April 2006 Conoco Venezuela
- Prepared contracts for offshore drilling program and consulted on technical matters.March 2005 – July 2005 CSI Technologies, LLC., Houston, Texas 77073
- Drilling Engineering Consultant
- Special drilling engineering projectsAug. 1995 – Feb. 2005 Eaton Engineering, Inc., Houston, Texas 77063
- Senior Advanced Drilling Engineer
- Texaco consultant for offshore drilling operations in Angola. Prepared AFE’s, Cost estimates, drilling and completion programs for extended reach, horizontal, and exploratory wells. Supervised rig activities as needed. (3 years)
- Enron - Prepared AFE for H2S gas project in Qatar.
- Orbit - Project manager for geopressured deep wildcat.
- Waggoner (Barbados) - Evaluated potential for horizontal wells.
- Conoco - Designed and provided on site drilling engineering for a 19,000’ wildcat offshore Venezuela. (1 year)
- Conoco - Designed and assisted in three re-entry horizontal platform wells in Indonesia.
- Conoco – Directional exploration wells, Gulf of Paria, Venezuela. (2 years)Aug. 1994 – Aug. 1995 McClure and Assoc. Inc., Spring, Texas 77389
- Senior Instructor
- Provided classroom instruction in application of abnormal pressure theory to advanced well planning for engineers, geologists, and geophysicists from major oil companies.Jan. 1993 – July 1993 PHIBRO ENERGY, Westport, Connecticut 06880
- Technical Advisor
- Provided technical and operational support to all departments in support of oil exploration and production operations in Raduzhny, Siberia, Russia.
- Served as Director General in May and June. Contract completed.March 1992 – April 1992 CANADIAN TRITON INTL., Houston, Texas 77077
- Area Manager
- Directed the operational and technical staff contracted by Corpoven in Eastern Venezuela to provide on-site supervision for two land rigs engaged in drilling and completing 20,000’, abnormally-pressured, directional wells. Contract completed.
May 1991 – Aug. 1991 Management Consultant
- Assisted the new President of Forest Oil Corporation in organizing the operations and engineering functions to fit the downsized company.
- Achieved a twenty per cent reduction in staffing levels without loss of continuity.April 1983 – May 1991 Forest Oil Corporation, Denver, Colorado 80202
- Production Vice President
- Directed Engineering operations throughout seven divisions and the corporate production staff.

EDUCATION
University of Texas, B.S. Degree
Major in Petroleum Engineering, Minor in Geology.
Selected as a Distinguished Military Student by the R.O.T.C.
Department and awarded a Regular Army Commission.MILITARY SERVICE
Served five years in the U.S. Army and attained rank of Captain.
Awarded two Bronze Stars while Commander of a Construction Engineering Company in Viet Nam.

JOSEPH G. SOLIZ
Corporate Attorney

Mr. Soliz has been the oil/gas attorney and legal advisor since 1981 to Fossil’s President, Dennis R. Kittler. Mr. Soliz is currently Fossil Oil & Gas Management, LLC’s corporate attorney and oil and gas legal expert. He also attends Fossil’s Executive Committee meetngs.

Mr. Soliz’s background includes over Twenty-six years of diverse legal and business

THE SOLIZ LAW FIRM, P.L.L.C. (1996-2001; 2003 - Present) Attorney/ Member: Maintain general business practice as a sole proprietor with emphasis on handling corporate, commercial, environmental, energy and real estate matters. Advise domestic and foreign clients regarding business, tax, legal and political risk issues and regulatory compliance matters. Assist clients with developing strategic business and marketing plans, corporate and tax planning, and obtaining and structuring debt and equity financing.

EL PASO CORPORATION, Houston, Texas (2001-2003) Senior Counsel: Served as senior legal counsel to this public company. Rendered legal and general business advice to company’s senior management in midstream and downstream petroleum unit. Provided support and recommendations to management concerning new business ventures and divestitures, including negotiating and structuring transactions. Handled complex petroleum related acquisitions and divestitures, including managing due diligence investigations. Negotiated, reviewed and drafted purchase and sale contracts, guaranty and indemnity agreements, lease and other property agreements, construction contracts, consulting agreements, service and supply contracts, and non-disclosure agreements. Investigated claims and regulatory compliance matters. Handled various business disputes and litigation matters.

BRILL, SINEX and STEPHENSON, Houston, Texas (1992-1995) Of Counsel: Maintained a general business practice in firm of approximately 20 lawyers with particular emphasis on real estate, corporate and oil and gas matters. Assisted emerging growth companies with developing business plans and obtaining necessary registrations, certifications and financing. Handled complex asset divestitures and environmental issues as outside counsel for the F.D.I.C. and Resolution Trust Corporation. Drafted and negotiated terms and conditions for purchase and sale contracts, and service and supply contracts. Handled dispute resolution matters for clients, including litigation and arbitration.

SOUTH TEXAS COLLEGE OF LAW, Houston, Texas (1990-1992) Adjunct Professor taught Oil, Gas and Mineral Law Courses.

CHAMBERLAIN, HRDLICKA, WHITE, WILLIAMS and MARTIN, Houston, Texas (1981-1992) Associate (1981-1985)/ Partner (1985-1992) Served as member of the firm’s Energy group. Handled a variety of complex energy related transactions and oil and gas related litigation. Issued title opinions and various corporate opinions related to transactions. Performed regulatory compliance work and provided substantial corporate and tax planning assistance. Handled dispute resolution matters for clients, including litigation.

GULF OIL CORPORATION, Houston, Texas (1979-1981) Attorney: Served as staff attorney to this public company providing legal advice to company’s management in upstream petroleum exploration and production unit. Interacted with governmental regulators and represented the company in state conservation commission proceedings in Texas and New Mexico. Negotiated with counsel for property owners and handled petroleum lease and right-of-way acquisitions. Negotiated, reviewed and drafted a variety of petroleum related contracts , including leases, division and transfer orders, and natural gas purchase and sale contracts. Responsible for rendering title and other legal opinions and performing title curative work.

EDUCATION: J.D., Harvard Law School, Cambridge, MA, 1979. B.A., Political Science, Magna Cum Laude, Texas State University - San Marcos, San Marcos, TX, 1976.

CERTIFICATIONS: Oil, Gas and Mineral Law, Texas Board of Legal Specialization, 1985.

ADMISSIONS and AFFILIATIONS: Admitted to the State Bar of Texas, The United States District Court for the Southern District of Texas and the United States Court of Appeals for the Fifth and Ninth Circuits. Member - American Bar Association.