Zarvona Energy and its affiliates acquires West Texas Permian Basin Oil Properties

Effective August 29th, 2013, Zarvona Energy and its affiliates acquired three operated Permian Basin fields located in Ector, Gaines, and Martin Counties, Texas. The properties currently produce approximately 400 barrels of oil per day (BOPD) from 50 wells. The properties also include an active waterflood development with 13 water injection wells. Operations were assumed by Zarvona Energy LLC effective September 1, 2013.