Cawley, Gillespie & Associates, Inc. reported that Formentera expanded its Pearsall drilling program with three rigs operating in South Texas and working to add a fourth targeting the oilier Pearsall window.

Since 1961, CG&A has been providing reliable and accurate reserves and economics evaluations to the oil and gas industry throughout the world. Our clients include public companies, private investors, banks, funds, landowners and estate managers. CG&A offers a wide variety of reserves-related services, including reserves auditing and reporting, economic analysis, reservoir monitoring, acquisition and divestiture evaluation and guidance, field studies, pipeline volume resource studies, geologic/geophysical interpretation and mapping, and many more engineering services. Let our experienced staff of professional reservoir engineers, geologists, geophysicists and technicians help you with your oil and gas project. Please check out our web site at www.cgaus.com.