KOKO Petroleum Inc, presently has working interests in four producing wells in the Corsicana area in Texas. The Hill #1 well was recently completed and the Company is awaiting final production testing which is currently underway. KOKO are in negotiation for additional leases in the Corsicana area which may have potential chaulk formations. We have engaged legal counsel to examine the lease titles. The chaulk formations are very prolific and have been one of the largest production zones in this area over the past several years.