Black Bear Resources

private energy company headquartered in minnesota and engaged in the acquisition, exploration, development and production of oil and natural gas properties, primarily in the bakken and three forks formations within the williston basin in north dakota. the location, size and concentration of our acreage position in one of north america’s leading unconventional oil-resource plays currently producing 1mm barrels/day, will provide drilling and development opportunities that result in significant long-term value. primary focus is oil exploration and production through non-operated working interests in wells drilled and completed in spacing units that include our acreage. as a non-operator, we are able to diversify our investment exposure by participating in a large number of gross wells, as well as entering into more project areas by partnering with numerous experienced operating partners. in addition, because we can elect to participate on a well-by-well basis, we believe we have increased