Carr Resources, Inc. is active in the booming Latimer County, Oklahoma Spiro-Wapanuka sub thrust gas play. The discovery well, the BP #1 Joe, 22-6N-20E, was drilled by BP America and completed for over 18 MMCFGPD. Carr has secured interests in eight of the surrounding sections and has participated with BP and Unit is several wells. The most notable is the recent Unit #1 and #2 Jankowsky wells drilled in 32-6N-20E. These wells were completed for 18 MMCFGPD and 15 MMCFGPD respectively. BP has drilled an earlier well in 29-6N-20E which will now be side tracked to a new bottom hole location closer to the Jankowsky #2. This well will be drilled in the fall of 2007 and Carr has a larger interest in section 29 than 32.

Carr has recently discovered the Pistol Hill (Pettit) Field in Rusk County, Texas. The discovery well, the (KING) Carr Resources, Inc. #1 Laird Family Partnership was completed flowing 60 BOPD in December of 2006. The #1 Laird was offset by the #1 Peterson and #1 S.S. Laird which were completed flowing 1,420 MCFGPD + 14 BCPDand 107 MCFGPD + 2 BCPD respectively. These wells were drilled on an Exxon farmout.

Carr has recently sold two large prospects to industry partners with world class potential. These wells are currently drilling and results will be known before year end. Carr has a carried working interest in both test wells.

Please Contact Us with any questions and/or comments regarding this project.