Statesman has established methane and helium production and operations at its Reichel Project, a gas resource play with significant basement oil exploration potential in the mid-continent of United States. The Company has a tight capital structure and a strong international management and technical team.

Statesman's objective is to monetize the Reichel gas resources play and realize upside potential from oil exploration at Reichel with a development partner or farmout. By taking advantage of its tight capital structure and employing the strengths of its international team, Statesman intends to coordinate with other high potential companies in seeking and capturing other opportunities.