Matrix Oil Company Founded

Santa Barbara, CA

Mr. Johnny Jordan and Mr. Jeff Kerns announced the formation of Matrix Oil Corporation. The pending corporate filing in California has the corporate headquarters located in Santa Barbara, California. Matrix will concentrate on the acquisition of producing oil and gas properties in California and Texas. Mr. Jordan will serve as President and Mr. Kerns is to serve as Vice President. Mr. Jordan and Mr. Kerns will roll all assets associated with JJ Production (a private company formed in 1999) into Matrix to include the pending closing of it’s acquisition of 50% of all oil, gas and mineral title ownership in the Las Cienegas Field from Phillips Petroleum located in Los Angeles, California. It is also announced that Michael McCaskey is to join the corporation as Vice President to manage exploration and geologic aspects for the company. The company has pending acquisitions in the southern California area and is in talks with Phillips Petroleum, Texaco, BridgeMark Energy and Nuevo Energy for the acquisition and closing of oil and gas assets in southern California.