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:: CORPORATE EXPLORATION PHILOSOPHY

Carr Resources, Inc. believes in the concept that "discovery consists of seeing what everyone else has seen and thinking what no one else has thought". Carr Resources, Inc. purposefully pursues this strategy by utilizing new ideas in mature basins.

This approach of deliberately thinking outside the box is based on the concept that a basin's shape, evolution, structure, and stratigraphy, can best be understood in the context of understanding the history of the basin from the bottom up.

The basement faulting and topography have a continuing effect on the depositional history of the basin. Carr Resources, Inc. employs a proven model in the observation and evaluation of gravity, magnetic, seismic, subsurface and topographic data to understand the history and evolution of a basin and its trapping opportunities.

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Carr Resources, Inc. (Carr) of Tyler, Texas recently closed an agreement with PetroEdge Resources III LLC on approximately 18,000 acres of Woodbine (Maness) Shale acreage. Carr retained a 25% working interest in the leases. Petro Edge will become the operator of the property and drill its first horizontal Woodbine (Maness) Shale well in the fourth quarter of 2013. The play was developed by Carr’s geologist Rich Adams based in part on earlier 2007 drilling by Carr with Winn Exploration Co., Inc. Based on the experience and regional mapping of Carr and Adams in the region, Adams identified the core of the play and leasing began in late 2009.



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