Ridgelake Energy Inc.

NEW, Ridgelake Energy Inc. has retained Burks Oil and Gas Properties Inc. to divest its interest in an offshore Louisiana property. Ownership includes 18 oil completions in 14 wellbores. Working interest ranges from 70% to 85%. ChevronTexaco holds the remaining interest, operates the platform, and processes the production for sale via its Main Pass Block 41 complex. Gross production averages 2,000 barrels of oil and 7 million cubic feet per day. Net proven reserves are estimated to be 22 million barrels of liquids and 12 billion cubic feet of gas. For more information, contact burks@burksoilandgas.com.