Kerns Petroleum Inc.

Kerns Petroleum Inc. has retained Smart Brothers LLC to sell certain interests in Lea and Roosevelt counties, New Mexico. Roosevelt County interests include Allison Field, Section 32-08S-37E, involving State #1, State BPA #1 and State BPA #2 targeting Upper Penn. Cumulative oil is 1.5 million barrels and cumulative gas is 646 million cubic feet. Lea County interests include Langlie-Mattix Field, Section 21 & 22-24S-37E, involving Courtland Myers Unit #1`, #2, #3, #4 and #5, Jamison #1, #2 and #3, and Knight #1, #2, #3, #4, #9, #11 and #14 targeting Queen sand. Total production is 15 barrels of oil and 24,000 cubic feet of gas per day. Net revenue for July was $17,448. Contact Paul Smart, 405-834-0598, paulsmart@smart-bros.com.