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Harbor Resources, LLC

Harbor Resources, LLC (Harbor) was formed in June of 1997. Harbor was formed to, among other things, sponsor oil and gas developmental investment projects. Developmental projects are relatively lower risk than other types of oil and gas projects such as wildcat projects. Mr. Joseph H. Ireland has been the managing member of Harbor since its inception.

"Harbor Resources, LLC believes in selecting projects that pass a stringent geological investigation. With that in mind, Harbor Resources works with a team of consultants, all of whom are geoscientists, to evaluate projects. Harbor's reliance on professionals in their field gives us confidence in our selection process.

Through a bidding process with various drilling and service contractors and the use of contracts, Harbor can accurately estimate the costs of a project. Consequently, Harbor and its partners will know precisely the amount of their investment dedicated to drilling and completion operations.

Furthermore, Harbor utilizes specialists to operate its wells. This is done to utilize the expertise of operators based near the wells for geographical logistic efficiency.

Harbor is affiliated with Lone Star Securities, Inc., a registered broker-dealer and member of the Financial Industry Regulatory Authority (FINRA), formerly known as the NASD. Mr. Joseph Ireland is President, Chief Financial Officer, and sole director and majority shareholder of Lone Star.

Lone Star Securities and Harbor Resources believe that qualified investors who better understand oil well drilling fundamentals can make better investment decisions. To that end, we suggest you read "Evaluating Oil and Gas Projects," an excerpt from the online book "Understanding and Investing in Oil and Natural Gas Drilling and Production Projects." Here you'll find straightforward, easy to read principles and guidelines to help you choose wisely when considering an investment in an oil and gas project.

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