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THE VISION EXPLORATION PROGRAM

COMBINING INNOVATION WITH MAXIMUM INVESTOR FLEXIBILITY

Vision Exploration manages an Exploration Program for a group of internal investors that focuses on the assembly of oil and gas prospects in the United States Gulf Coast Area.  The prospects that are proposed for assembly may be exploratory in nature but quite frequently target low risk development opportunities arising from the Company's identification of undeveloped areas within and frequently beneath existing oil and gas fields.  Vision charges a very reasonable fixed overhead allocation, on a percentage basis, each month; this monthly overhead allocation has not increased since the Program was launched in 2000.


PROGRAM HIGHLIGHTS

Program inventory represents a strong mix of 3D, 2D, and subsurface targets

Vision staff has a combined 105 years of experience in Gulf Coast exploration

Three-Year Program term, designed to be extended annually after initial term

Fixed, reasonable monthly overhead allocation throughout Program term

No "condemned cost" ( R & D ) charges attributable to exploratory efforts

Prospects are proposed in a consistent "AFE" (Authority For Expenditure) format

Program investors can elect whether or not to participate in a proposed Prospect

Prospect Participants can later elect to drill or have Vision sell their interest to third parties

 


 

Vision handles all management obligations, including prospect assembly and marketing

Early withdrawal from the Program is allowed (with certain penalties)

Full audit privileges provided with participation in any Program prospect

Firm control exercised on public or press announcements and investor privacy