cambrian systems inc (CAMS) Snapshot

Cambrian Systems, Inc. is seeking acquisitions. The company constantly reviews investment opportunities that will increase our exploration and production asset portfolio and will target value accretive acquisitions which may require additional funding in the future.

Cambrian Systems, Inc. announced that it has completed the acquisition of another lease. Its new "Jefferson" lease is comprised of 191 acres and is adjacent to their 84 acre Tom Davis lease in Green County, Kentucky. The Jefferson lease has seven open hole wells that are in very close proximity to the wells on the Tom Davis lease. They look to be approximately 500 feet deep on average and likely contain oil from the same formation as those the company has already bail tested on the Tom Davis lease.

Cambrian Systems, Inc. announced that over the past several days the company has bail tested five of the existing oil wells on their 84 acre lease in Green County, Kentucky. Three of the wells appear to be extremely promising, with each of them showing good live oil that replenished itself as the company continued to bail. The oil from the wells looks to be between 38 and 52 degrees gravity which is classified as the most desired light sweet crude. The company will begin to proceed with the necessary regulatory requirements in order to begin producing the good wells and will bail test the remaining wells on the lease in the near future.