BLACK CRYSTAL OIL & GAS

OUR SERVICES

Black Crystal Oil and Gas was established, to provide a variety of services including exploration, drilling, production, and processing of petroleum crude oil and natural gas, along with other petrochemical products. It is a subsidiary of Black Crystal Enterprises and a member of Black Crystal World; a private holding company that was established in 1990.

B.C. O&G is an independent privately owned, U.S grown local, national, and international oil and natural gas exploration, production and Development Company. Our company is engaged in both onshore and offshore oil and gas exploration. Black Crystal oil and gas will explore, and produce from discovered, undiscovered, (conventional and unconventional) oil resources, --especially the unconventional oil-tar sands in Alberta, Canada; the extra-heavy oil in Venezuela; the shale oil in the United States; and the undiscovered or discovered oil and gas resources of Africa.

B.C. O&G is a company built with excellence, managed with trust, dedication, tenacity, honesty and integrity. Our plan in the mid-continental U.S.A. and North America in general is to actively explore and develop marginal wells, increase our aggressive pursuit of new prospects and increase our domestic crude oil and natural gas leases.

Although our primary operations are focused in specific oil and gas producing regions of the United States, we have diversified into other oil producing and natural gas regions of the world. B.C. O&G is an energy company engaged in global exploration, production and transportation of crude oil and natural gas.

B.C. O&G is strongly dedicated and committed to the production of new discovery and aggressive pursuit of recompletion of marginal wells at domestic, national and international levels to increase our oil and gas production assets.

Our company’s primary goals are to build tangible value for our investors and capital sponsors by enhancing the value of our assets through efficient management of operations that utilize newly proven drilling and production technologies which espouse maximum exploitation of proven reserves.

We plan to implement cost-saving measures in all our general management operations, be competitive in the industry when it comes to drilling and exploration programs, be conservative in materials costing and pricing, continuously meet and exceed our production deadline requirements, be profitable in our returns on investment and expected profit margins while executing contractual and fiscal obligations or responsibilities to our creditors, clients, suppliers, and general contractors in a timely manner.

It is our business ambition to be globally competitive in operating our business with innovative state-of-the-art technology, profit motivation, economic sustainability, and a best-in-class management style; using independent and joint ventures, partnerships and other collaboration techniques.

We are structurally set up to nurture our company’s operations with ethical and prudent financial business considerations; without growing an undesirable carbon footprint, while eliminating or minimizing unavoidable carbon footprints from our production operations and, engaging our customers and investors with a focus on the bottom line.

As we explore, acquire, produce, and market natural gas and crude oil, our purpose is to foster, promote, encourage, facilitate and develop more efficient and effective use of natural gas as one of the most efficient, profitable, and cleanest energy sources.

At Black Crystal Oil and Gas we are actively involved in new exploration leases that have the potential for substantial production of oil and gas. We primarily engage in exploration and production of marginal oil and natural gas fields.

Concentration in marginal wells, shallow production and abandoned wells with production capability allow us to manage our resources, and engage us in low risk ventures while out-sourcing all the high risk of new exploration and associated costs of completion to others –especially the expensive and high risk technical drilling and production costs. Our technical operations use available technology to its fullest during primary and secondary recovery.

CURRENT CHALLENGES

Despite new technological advancement in the industry, oil and gas operations is still inundated with many challenges one of which is the compilation, dissemination, assimilation, understanding and efficient utilization of complex and very difficult exploration and geo-technical information needed to make accurate and timely decisions.

Another important challenge is the global competition for depleting resources which continues to drive the need for new discovery, lower operating costs and increase rates of oil and gas recovery.

A critical challenge is the global geopolitics exhibited by the relentless internal civil and political unrest in many developing countries. Economic disparity, social strife and/or religious conflicts such as the crisis in places like Afghanistan, Iran, Iraq, Libya, Nigeria etc are creating highly volatile, rapidly fluctuating crude oil and gas market.

Geographical limitations also pose serious challenges for oil and gas exploration. The harsh climatic condition of Africa’s deserts and the Middle East, the frigid regions of Russia and China, and the deep waters of the Gulf of Mexico are natural geographical challenges facing today’s oil and gas exploration.

The challenge for us at B.C. O&G today is to:

(Until recently, building facilities to collect residual natural gas during oil production has been cost prohibitive, and maintaining such facilities is also very expensive. Where facilities are built to collect residual gas during oil production, the gas fields are scattered with low pressure and the natural gas has to be compressed, treated, and harnessed prior to being transported. Importantly, the physical location of most fields {away from available domestic, national and international markets} does not facilitate construction of pipelines for consumption. Meanwhile domestic demand in many areas of Africa does not justify the tremendous cost for large exploration, production and storage of natural gas. These problems have led oil and gas producers to adopt re-injection and/or flaring of natural gas where it is economical to produce only oil.)

We are prepared to meet all these and other challenges with confidence and youthful exuberance.