Hal Clark

• Record oil and gas sales of over $14,000,000
• Record dividends of $4,000 per share paid in 2007
• Record gas volumes sold in 2007
• Record number of wells added in one year, 160
• Record amount spent on drilling, $4,738,347

Your Annual Report And Proxy Statement were mailed this week.  Every year we ask that you read both; and fill out, sign, and return your proxy card in the stamped self addressed envelope.

• It’s your Company
• Your vote is important
• Every vote counts
• We need your vote

If you are from Chicago I’m sure you’ve heard the phrase “vote early, vote often”.  While you can’t vote often, you can vote early.  Please send in your proxy as quickly as possible.

Good Organization Starts At The Top - President Mason Mungle and Charles Sandmann, Chair of the Exploration Committee, have spearheaded our increased participation in working interest wells in the Woodford Shale play.  On page 3 of the 2007 Annual Report we show a significant shift in our gas volumes between the Anadarko Basin and the Arkoma Basin from 2006 to 2007.  On page 4 you will see that seven of our top ten wells are in the Woodford Shale area of Hughes, Atoka, and Coal counties.

We Are Going To Have An Open House at our new offices from 1 pm to 3 pm following our May 17, 2008 Shareholders Meeting.  They are located in Suite 101, on the north side of the first floor of our building.  We thought being on the first floor would be more convenient for our shareholders.  As part of our long term plan to update and renovate our building, we remodeled our offices and the second floor south offices.  Everyone is welcome to drop by, not just during the Open House, but anytime.

The 2008 Annual Shareholders Meeting will be held May 17th, 2008 at 10 am. at the Embassy Suites Hotel, 1815 S. Meridian, Oklahoma City, Oklahoma 73108.  We look forward to seeing you there.

Finally, I’d Like To Thank our Corporate Attorney Gary Derrick, of Derrick and Briggs, for his help in preparing our Annual Report and Proxy Statement, and Kirk McGinnis, of Promonamics, for doing such a great job on our web page.