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Harmon International Petroleum has contracted to acquire a major California oil play with excellent risk-adjusted upside potential. We have secured an LOI to list the company on the Toronto Venture Exchange through a reverse merger. We plan on acquiring additional oil and gas assets in the Western U.S. The transaction is a 24-well drilling project in Ventura County, on the Eastern edge of the 10th largest oil field in California. We have obtained an independent reserve evaluation form a large and well respected petroleum engineering company located in Houston. The report categorizes the proved reserves at between 3.9 and 4.8 million barrels of oil (MMBO). This is based on drilling 13-16 new wells. Total reserves of all categories are 8 to 10 MMBO. The net present value (discounted at 10% p.a.), after return of capital, is $6.0 million per well for the proved case (i.e., no fracking) and $11.0 million per well for the base case (i.e, with a four-stage frack). IRR's exceed 40%.