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GENERAL DEVELOPMENT OF BUSINESS

Trio Consulting and Management, LLC was incorporated in the State of Texas in April 2001. It was originally a 100% owned operating entity of Trio Operating Company, Inc., which has been in the operating and consulting business since September, 1980. As of January 2013, Trio Consulting & Management is owned and operated by Thomas R. Perkins and Steven E. DuBose. Its office is located in Wichita Falls, TX.

NARRATIVE DESCRIPTION OF BUSINESS

The company is primarily engaged in oil and gas engineering consulting, oil and gas lease operations and management. The engineering consulting segment includes drilling, completion, and lease operations, as well as limited property and reservoir evaluations. The company is presently operating approximately sixty leases, some under the standard Operating Agreement and some by contractors’ agreement with the operator of record. The majority of the company's experience is in the Hardeman and Fort Worth Basins located in North Texas, Southern Oklahoma and the Texas Gulf Coast. Our consultants have supervised the drilling and completion of over one-thousand wells since 1980. Additionally, we have provided consulting engineering services and/or operation supervision in South Texas, East Texas, West Texas, the Texas Panhandle, and in the States of Oklahoma, North Dakota, Colorado and New Mexico.