2008-10-09-2008-09-04-2008-09-04

Acquired WI in 91 wells, gaining 130 BOE/d, 5 MMcfg/d, 21.6 Bcfg proved in TX, LA.

Ridgefield, Conn.-based private investment firm New Stream Capital has acquired an undisclosed working interest in leases held by privately own, Sugar Land, Texas-based EBR Management LLC for $28.1 million. EBR has oil and gas leases including 91 producing wells and 60 drilling locations covering numerous fields in South Texas and Louisiana. Net production is approximately 130 barrels of oil and 5 million cubic feet of gas per day. Estimated net reserves are 21.6 billion cubic feet of gas.