Daesung Energy Resources Inc.

Daesung Energy Resources Inc. has retained Burks Oil & Gas Properties Inc. to sell certain oil assets in south Louisiana.

The package includes average 10.5% working interest (7.9% net revenue interest) on a property featuring three producing oil wells and one saltwater disposal well. The leases cover approximately 150 acres unitized.

Gross production is 295 barrels of oil (23 barrels net) and 324,000 cubic feet of gas (26,000 cubic feet net) per day. Net proved producing reserves are approximately 33,000 barrels of oil and 34 million cubic feet of gas. Current net cash flow is approximately $64,000 per month.

Contact Richard Klauzinski, 281-580-4590, rklauzinski@burksoilandgas.com.