Mr. Joyce has15 years experience as independent real estate developer, planning, design and architecture. Before joining, Gulf Onshore, Inc. ,Mr. Joyce has been active in field operations for Curado Energy Resources, Inc. During the last year he has beenin charge of lease and project development with hands on experience in the oil fields managing day to day workover activities to increase production and help the company achieve financial goals.
Mark Smith, CPA
Chief Financial Officer
Mr. Smith received his B.S. from BostonUniversity in 1986. Mr. Smith is a CPA with 30 years experience in management, finance, acquisition, forecasting/ budgeting and strategic planning for Fortune 100 companies. Former manager for Coopers & Lybrand in Boston, MA , business manager for The Valspar Corporation, Astra Products and Joslyn Hi-Voltage where he held positions and achieved rewards for excellence related to handling corporate control, auditing, bank & private financing, debt/cost reduction for global companies whose revenues ranged from $30 MM to $2 B. His financial expertise includes preparation of SEC filings and raising necessary growth capital through private and public offerings.
Earl Moore
Vice President of Operations
Mr. Moore as over 30 years of hands on oil field experience. Over the past 20 years he has been a consultant for drilling and completion procedures for independent and major oil & gas exploration companies. During the past 5 years he has consulted on wells for Key Petroleum, Weldon Corporation, TransAtlantic Petroleum, Marathon Oil, Wentworth Energy and Anadarko Exploration. Specific duties include Project Manager in charge of drilling, completion, re-completion or work over operations on both conventional and horizontal wells. The majority of the oil & gas exploration and production projects he has participated in are geographically located in east and west Texas.
Gulf Onshore, Inc. has brought Mr. Moore on board to assist in increasing the company’s oil and gas production. Not only by drilling new wells on new and existing leases but by evaluating and performing re-completion and work over procedures on existing wells. Recent successes include a re-completion procedure of a deep well in East Texas co-owned by Anadarko where production increased from 10 mcf of gas per day to 1000mcf of gas and 10 barrels of oil per day with a flowing tubing pressure of 700 psines.
Robert Barbee
President
Curado Resources, Inc.
Mr. Barbeeholds a Business Degree from KilgoreCollege. He has been actively involved in the oil and gas business in East Texas since 1989. Vice-President of Oil Patch Pipe & Supply since 2000. This entity is an independent oil field supply store which has obtained the distributorship for micro chemical applications for down hole well bore repair. President of S&B Resources from 1991 until 2002, when he directed the sale of all its assets. S&B was a small, privately-held oil and gas company which owned and operated its own production.
Gulf Onshore, Inc. (OTCBB: GFON) engages in the acquisition, exploration, development and production of oil and gas properties in the United States.
The company holds interests in 26 producing oil wells and 29 equipped wells scheduled for redevelopment. The company owns mineral rights on over 4,200 acres in 14 leases in Anderson, Shackelford and Throckmorton Counties, Texas.
The company continues to identify suitable acquisitions and development opportunities in its area of interest. The company, formerly known as Brighton Oil & Gas, Inc. had a change of ownership and all new management during 4th quarter 2007 and changed its name to Gulf Onshore, Inc. in April, 2008. Gulf Onshore is based in Addison, Texas.
Investment Overview
Gulf Onshore, Inc. has over $70 million in proven developed reserves on its East and West Texas oil and gas properties.
Gulf Onshore, Inc.’s acquisition of Curado Resources, Inc. added over $240,000 per quarter in revenues from existing wells from its West Texas properties.
Gulf Onshore, Inc. is putting up to 3 wells per week back into production with its Rework/Development Program on its West Texas properties, adding revenues and reserves with each reworked well.
Gulf Onshore, Inc.’s certified petroleum engineers have identified 121 additional developmental drill sites on its West Texas properties, which indicate 1,000,000 BO in additional proven undeveloped reserves.
Gulf Onshore, Inc. expects its Rework/Development Program on its West Texas properties will add up to 200 BOD of production in the next 4 months from existing wells.
Curado Resources, Inc. has over $800,000 in well equipment, including pump jacks, tubing and rods, so that the costs of putting some of Gulf Onshore, Inc.’s West Texaswells back into production is minimal.
Gulf Onshore, Inc.’s Gulf Onshore, Inc.’s East Texas Jarvis Dome acquisition will double its existing revenues and reserves.
Gulf Onshore, Inc. has identified 7 drilling locations on its East Texas properties.Based on production information from the wells on and adjoining the lease, these locations indicate proven undeveloped reserves of in excess of 500,000 BOD and 5 BCF gas.
Gulf Onshore, Inc.’s management team and Curado Resources, Inc.’s contractors have over 200 years collected experience in the oil and gas business.
Properties
Throckmorton and ShackelfordCounties
These counties were selected as targets for exploration and development activities because they all:
§have proven areas of production
§are under exploited
§offer low-risk exploration or redevelopment opportunities
§are politically stable
§have excellent upside potential
Gulf Onshore's focus in each of the counties in which it operates is to:
§acquire and redevelop previously discovered oil and gas fields
§leverage its position as an established operator to access higher impact exploration opportunities
§improve economics by reducing costs and increasing production and reducing exploitation risks by utilizing state of the art discovery and recovery techniques
§co-develop projects which are commercially viable
