ETX Energy is currently focusing its activity on its acreage in East Texas. The Company has expertise in drilling and producing both horizontal and vertical well with production comingled from multiple zones. The opportunities presented by the stacked pay Buda, Georgetown, Edwards and Glen Rose formations (the “Buda-Rose”), as well as the Eagle Ford Shale are enormous. With two seismic plays representing over 350 square miles of drilling inventory, we are well positioned to exploit the basics both vertically and horizontally for the long term. The Company has identified a significant number of long term Eagle Ford locations and vertical Buda Rose locations. The Company restarted its drilling program in the first quarter of 2017.