Auxillium Energy (AXLM) Inactive

We hold oil and gas leases in the North Slope Foothills of Alaska. In order to evaluate the potential of our leases in the North Slope region, we will require further investigation and exploration.  We believe that our Alaska leases are in areas, which are potentially promising for gas production as indicated by data from Texaco’s drilling efforts in 1976. The Company does not however, make any representations as to the probability, quality and quantity of their future production.  Furthermore, any gas recovered from our Alaska leases will not be salable unless or until a proposed North Slope gas pipeline is completed.