Executive Summary

C&F Oil, LLC, was formed early in 2009 as a partnership to operate and administer the Rising Banks Oil Lease in Chautauqua County, Kansas, for the benefit of the investors.

The Rising Banks Project consists of approximately 1000 acres located in parts of Sections 16, 20, 21 and 29, all in Township 32 South, Range 12 East in Chautauqua County, Kansas. The lease is held by present oil production. The gas rights are not included.

The production is from Pennsylvanian age sands known locally as the Wayside Sand and Wieser Sand. The oil was first developed here in the early 1980's when some 70 wells were drilled on the property. These wells showed early profitability but as the profitability declined the price of oil also declined and the wells became uneconomic, although they were still capable of production.

C&F Oil, LLC, is concentrating on re-activating these old shallow oil wells. Many of these wells were acquired and are being put back into production since today's high oil prices make them economically attractive. There is the added dimension of water flooding some of these oil-producing leases that enhances the profitability of these projects even more. These projects are ongoing.

C&F OIL, LLC 5520 S. Lewis Tulsa, Oklahoma 74105 Telephone: 918-742-7210