Since its inception, British Acadian has negotiated and closed the sale of approximately twenty (20) properties and/or assets for a total acquisition cost of nearly two hundred million dollars U.S.($200,000,000.00 U.S.). Historically, most of these acquisitions have had an average investor payback of three (3) years. Most of the properties have a remaining field life of about ten (10) years or more. It is important to note that virtually every single one of these acquisitions listed have subsequently had considerable development and/or exploration activity realized. Much of this activity has been due to the advent of 3D seismic technology, which continues to add significant value to existing properties. The additional reserves attributable to the development and exploration activity just mentioned were not figured in the determination of reserves at the time of purchase, however they would in effect, almost double those proved reserves listed.