About Tri-C Resources

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Tri-C Resources ("Tri-C") is a privately owned oil and gas exploration company founded in June of 1985 by Michael M. Cone, Scott Cone, and John Clinch. The company was formed to pursue exploration and development opportunities on the Texas and Louisiana Gulf Coast. All exploration expenses are paid or financed by a private investment group, who have been participating in the company's projects since inception, and by Tri-C employees and principals.

Tri-C's original focus was in the low risk - low cost development arena where profitability is determined by efficiency. Although the exploration strategy has changed to include a broader prospect portfolio, in terms of risk and potential, Tri-C prides itself in remaining a low cost operator at greater drilling depths. The dedication to this low cost principle is reinforced by the fact that Tri-C insiders own 55% of the Company's exploration program.

Tri-C uses 3D Seismic data with state of the art hardware and the latest Landmark software technology to render rapid, yet accurate, exploration prospects. High risk plays are an increasing percentage of Tri-C's prospect portfolio because of a greater confidence level created by proven advanced interpretation techniques and complete subsurface integration into the projects. This method of prospecting has allowed the timely addition of drillable prospects into the exploration program, thus decreasing the cycle time of prospect concept to product sales.

Tri-C's core exploration area has been the Tertiary of the Texas Gulf Coast, primarily because of concentration of experience of the staff. Recognizing the opportunity to apply this local knowledge elsewhere, the company has recently begun prospecting in West Texas, Louisiana, and Australia.

Tri-C has evolved through the utilization of cutting edge exploration, drilling and completion technology. The "rapid response" technique Tri-C employs has created a niche as the "go-to" company in the petroleum industry.

Tri-C has drilled over 1000 wells since inception, generating revenues in excess of $1,000,000,000. The company continues to employ the philosophy of growth through the drill bit. It's business model is the exposure of risk capital to the actual drilling of prospects through innovative solutions to unique and complex situations.