Mustang Drilling Ltd.

Mustang Drilling Ltd. has retained Lantana Oil & Gas Partners to sell its interests in the Cotton Valley sands, East Texas. The package includes 2,556 net acres with 17 active wells and gross operated production of 6.7 million cubic feet of gas per day. Net proved reserves total some 58.45 billion cubic feet of gas. Mustang currently has a 100% drilling success rate in the Cotton Valley. The package includes 51 proved undeveloped, 14 probable and nine possible locations. For more information, contact David Nini or Andy Taurins, 713-426-9001.