Current Field Operations Update:
- Feb 1, 2010 – Leland closed out its Asset Management Drilling fund in the first quarter of 2010. Drilling activities have commenced. The fund was open from May ‘09 to Feb ‘10
- April 1, 2010 – Leland, as the Managing Partner, assisted in the sale of assets for a number of its funds seeing an increase in equity in their holdings. Cash distribution anticipated in 6 to 8 months.
- May 15, 2010 – Leland has acquired 24,000 acres in the DJ Basin in Weld and Washington Counties Colorado. The company will drill a minimum of two (2) possible deep wells in Weld County with a strong multiple wells developmental programs for its Washington County leases.