Strategic Relationships

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Strategic Relationships

Pioneer Oil Company, Inc. (Operator)

      • Located in Lawrenceville, IL
      • Third generation privately owned and operated oil production company with 300 employees
      • Pioneer has over 2,000 wells in current production
      • First operator to bring and satisfactorily utilize horizontal drilling within the “Illinois Basin”
      • Successfully drilled and operated wells in
        • Illinois, Indiana, Kentucky, Oklahoma, Kansas, Utah, and Alaska
      • Virtually all of the drilling and completion work is completed by Pioneer employees, unlike most operators in the “Illinois Basin”
      • Highly respected by peers for running one of the most ethical, and technologically advanced operations
      • Long-term relationship between Midwest and Pioneer dating back to 2008 when Mr. Herrick was employed by CountryMark and began working with Pioneer
        • Since 2009, Midwest has drilled 51 new wells with Pioneer
      • Midwest’s primary contacts
        • Don Jones, President since 1975
        • Mark Jones, Geologist
        • Steve Miller, CFO

Zanetis Oil Company, Inc. (Operator)

  • Located in Mt. Carmel, IL
  • Privately owned and operated oil production company
    • The principal is a third generation oil driller
  • Principals owns or operates nearly 200 wells
  • Successfully drilled and operated wells in
    • Illinois, Indiana, Kentucky, and Nebraska
  • Relationship between Midwest and Zanetis dating back to 2013
    • Zanetis drilled 5 new wells for Midwest in 2014
  • Midwest’s primary contacts
    • Chris Zanetis, Principal


      • Headquarters – Located in Indianapolis, IN
      • Refinery – Located in Mt. Vernon, IN
        • Built in 1940 by farmers who envisioned energy security and independence
        • The refinery operates 24 hours per day, 365 days per year. Refinery capacity averages 26,800 barrels of crude processed per day
        • The refinery is supplied with crude oil from the Illinois Basin through a system of approximately 500 miles of pipeline, which gathers the crude oil from thousands of oil wells owned by area farmers and landowners
      • CountryMark is Indiana’s only American-owned oil exploration, production, refining and marketing company
      • CountryMark refines only American crude oil from the Illinois Basin
        • Illinois Basin crude oil is of high quality similar to the Middle East (light sweet). It naturally contains less sulfur, which contributes to processing ease and product quality.
      • Although detailed financial data is not provided/unavailable to public, it is believed that CountryMark has $1.5 billion in annual sales and purchases approximately 75% of the oil produced in the basin

Law Firm and Accountants

Kahn, Dees, Donovan & Kahn, LLP (Legal Counsel)

      • Located in Evansville, IN
      • Establish in 1908
      • Extremely experienced in mineral laws
      • For Midwest
        • Reviews all title work for each drilling site
        • Organizes / Creates the LLC for each investor group

Harding, Shymanski & Company, P.S.C. (Accountants)

      • Located in Evansville, IN
      • Establish in 1975
      • The  premier accounting firm in the Illinois Basin who is highly experienced in oil and gas ventures
      • For Midwest
        • Provide year-end tax returns
        • K-1’s