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Acquisitions & Operations Strengths and Strategies
Since the Company inception in 1988, Central Resources has provided an outstanding record of value enhancing acquisitions and divestitures. With over $300 million in transactions, Central has delivered outstanding returns to its partners and investors.
In October of 2000, with historically high commodity prices, Central sold the majority of its United States based oil and gas assets for approximately $75 million and retired its entire debt of $40 million.
MAJOR ACQUISITIONS AND DIVESTMENTS (2000-2003)| 2000 | $48,000,000 | EXCO Resources, Inc. Divestment by Central Resources Inc. Gulf Coast and Rocky Mountain |
| 2000 | $20,500,000 | Elm Ridge Resources, Inc. Divestment by Central Resources Inc. Four Corners Area |
| 2001 | $6,100,000 | CRI Holding, Inc. Compania Argentina de Comodoro Rivadavia Acquisition and redevelopment of Kilometro 8 Field San Jorge Basin, Argentina |
| 2003 | $30,000,000 | Central Resources, LLC Merit Energy Company Acquisition of North & South Coles Levee Kern County, California |
| 2003 | $8,500,000 | Central International Corporation Petrobras Energia & Chevron San Jorge Acquisition of Catriel Oeste Field Neuquen Basin, Argentina |
| 2005 | $3,000,000 | Central Patagonia Corporation EPP Petróleo S.A. Acquisition of Alberto and Don Ernesto Fields San Jorge Basin, Argentina |
| 2005 | $38,300,000 | Merrill Lynch Commodities, Inc. Volumetric Production Payment and Term Overriding Royalty Interest Coles Levee, California |
| Central Resources Inc. | 1775 Sherman Street, Suite 2600 | Denver, CO 80203-4313 | P: 303-830-0100 | F: 303-830-9297 |