May 24, 2011
H-M Oil Company (“HMO”) has obtained an Oil, Gas and Mineral lease on a portion of the Washington County School Lands located in Tom Green County, Texas.  HMO is preparing a surface location for its  #1 WCSL well which will be drilled to a total depth of 5,050’. The primary objective of the well is the Harkey oil sand. The well will be located 5 miles south of San Angelo Texas. HMO is currently waiting on a drilling rig and anticipates operations will start in July.

September 7, 2010
H-M Resource Management, Inc. ("HMRM") has successfully returned to production, the Sand Ridge Baptist Church gas well 1 mile northwest of the town of Egypt in Wharton County, Texas. The well produces oil from the Miocene sand at a depth of 2,800’ and is in the Egypt (2800) Field. This well was drilled in 1986 and has produced from the Yegua and Frio sands.

March 29, 2010
H-M Resource Management, Inc. ("HMRM") has successfully returned to production, the #1 oil well on the Wilkinson Lease. The well, drilled in 1967, had developed a hole in the production casing. It is located 7 miles northwest of the town of Menard in Menard County, Texas. The well produces oil from the King sand at a depth of 1,615’ and is in the Ferris (King 1650) Field. This field was discovered in 1967 by the company’s #1 G.W. Kothmann well and the field has produced nearly 1,700,000 barrels of oil.