
To achieve the Company’s objective to expand margins and recapture value
on existing leases, ONE Energy established ONE Energy Operating Corp.
The operating company is fully bonded and licensed with the Texas Railroad
Commission and currently operates ONE Energy’s Knox County, Texas properties.
ONE Energy continues to seek acquisition candidates where its
operating company can take over existing operations. As operator, the
Company is better able to control costs and implement revitalization programs
which correspond to the Company’s acquisition strategy.