Matrix Oil Corporation (“MATRIX”) is a private independent oil and natural gas production company based in Santa Barbara, CA. Since 1999 Matrix has strived to invest or purchase interests in properties that have long-term and low-risk production. MATRIX acquired its first interest in the Los Angeles Basin in 1999 in the Las Cienegas Field from Phillips Petroleum. The company owns oil-producing properties in the Los Angeles and San Joaquin Basins of California and also owns natural-gas producing properties in the Sacramento Basin of California. MATRIX owns oil-producing royalty and non-operated properties in the Permian Basin of West Texas. In these focus areas Matrix has lease and fee ownership in 14 producing fields in approximately 26,000 acres that hold in excess of 200 Matrix-interest wells that generate more than $5 Million in annual revenue per year to Matrix.

The primary investment focus has been to purchase California and Texas onshore production assets. We target shallow to medium-depth production with lower amounts of required operating costs to better sustain highly volatile low to high price environments of oil and natural gas. Our properties in California contain reserves in the Miocene Puente Formation of the Los Angeles Basin and the Stevens Formation of the San Joaquin Basin. We have producing and non-producing natural gas reserves in the Forbes Formation of the Grimes Gas Field and in the Domengine/Wagonet Sands in the Kirby Hills Field. MATRIX has oil production from the Odom, Strawn and Ellenburger Formations in West Texas. Our properties are characterized by stable, long-lived production and reserve life indexes averaging greater than 12 years. MATRIX targets to develop potential projects in areas with projected reserve lives in excess of 25 years.