By our estimates, assuming a per barrel oil price of $68 and that the newly acquired property produces 1150 barrels per month with 17 wells and eventually doubles and then triples production with the addition of 8 supplementary wells (reaching 25) over the near to mid-term:

Current production levels could yield incremental revenues of as much as: $938k or approximately 638% more than EFCR logged in all of 2006.

Current product levels X2 with 25 wells online could yield incremental revenues of as much as: $1.9M or approximately 1878% more than EFCR logged in all of 2006.

Current product levels X2 with 25 wells online could yield incremental revenues of as much as: $4.1M or as much as 2817% more than EFCR logged in all of 2006.

What better way to beef up operations and pave the way for a fruitful future is there than to acquire a proven property in one of America's leading and most famous oil producing states?

Demand is obviously not going anywhere - and with oil futures hitting 11-month highs recently and crude oil surging up close to 20% this year, a solid domestic investment such as that of EFCR's could prove extremely lucrative and also provide enough capital to finance more acquisitions, both in the U.S. and abroad.

Multiple Properties = Multiple Revenue Streams

Although the focus of today's news release is on the new property, don't forget, EFCR is developing an increasingly diversified portfolio of prospects in the U.S., as well as globally in areas including the United States, Kazakhstan, Russia, Ukraine, Turkey, Romania, and Libya.

Beneficial Financing in Place

Recently closing a 2,000,000, seven year, interest-only debenture - EFCR has positioned itself to pursue acquisitions of income producing oil and gas properties with minimal overhead.

This is great for the company and investors alike because rather than depending on risky financing, EFCR will be able to facilitate near-term expansion without the increased threat of dilution - a major advantage over many energy ventures traded on the OTC bulletin board.

From The Source...

Commenting on EFCR's recent progress and Tuesday's release, Dennis Alexander, the Company's Chairman and CFO, stated, "The interests acquired in the Fant Ranch field provide an important base infrastructure for the Company and will begin a new expansion stage for our business model. We believe that the addition of revenues and cash flow from the Fant Ranch field will assist with aligning our strategic plan and goals to build a base of similar properties centralized as building blocks for our future growth."

Furthermore, "As we have consolidated much of our 2004-2006 operations, and reduced many expenses, we will continue to work on the historical efforts developed and pursued by Firecreek Petroleum for various key potential overseas programs in Central Eurasian countries. We will continue our efforts in developing ways and means by strategic alliance, joint venture or the sale of rights and other methods by the Company for the continued expansion and presence of the Company."

At current levels, we feel EFCR warrants a long hard look. At just a fraction of a penny EFCR is well-poised to generate significant revenues over the near to mid-term with even grander possibilities for longer-term investors.