On October 25, 2011, New Sage Energy entered into a binding letter
agreement with Caribe Oil & Gas Ltd. to jointly pursue petroleum
and natural gas opportunities in Argentina. Caribe Oil & Gas is a
private company with significant experience and operating capabilities
in South America.
The company's focus is on Neuquén and San Jorge basins with high
density, infrastructure and prevalent Vaca Muerta and Los Molles shales.
Currently, management team is evaluating and negotiating multiple
opportunities that fit definitive profile objectives.
Please view the company presentation for additional information.