| California |
- Pyramid owns and operates 27 oil and gas leases within Kern and Santa Barbara Counties. 21 leases were operating in 2007
- Company has potential to operate 121 wells on its California properties. 61 wells were operating in 2007
- Most production currently classified as primary recovery, although certain wells being considered for secondary recovery efforts in light of strong crude price environment
- Company enjoys 20+year relationships with its two largest crude customers: Conoco Phillips & Kern Oil & Refining
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