Paloma Partners LLC

Paloma Resources LLC has retained Scotia Waterous Inc. to sell certain producing assets in the Gulf of Mexico. The package includes an interest in producing assets in Matagorda Island 665 Field, approximately 50 miles offshore Corpus Christi. The properties have current net production from four active producing wells of approximately 3.4 million cubic feet of gas per day. Total gross reserves are estimated to be 87.9 billion cubic feet of gas (60.6 billion cubic feet, net). For more information, contact Adrian Goodisman, 713-437-5050.