Operations

Reno Based Baldwin Exploration Corp is an independent exploration and production company focusing primarily on discovering and developing new oil and gas reserves in the United States. The company's leaseholds are located in three prolific hydrocarbon-bearing basins, the Williston Basin of North Dakota, the Bighorn Basin of Wyoming and Montana and the Illinois Basin of Western Kentucky.

North Dakota

White lake Field is located in Montrail County, North Dakota. Baldwin Exploration is the operator of this prospect and we have drilled 2 exploratory wells on this prospect. We are currently producing from one well and preparing to complete the second. our lease hold contains 3,200 gross, 1,216 net acres. Located in the heart of the active Bakken play Baldwin Exploration has a 38% working interest in this field.

Clear Lake Field is located in Montrail County, North Dakota. Baldwin Exploration is the operator of this field and has a 100% working interest in this prospect. This prospect also located in the Bakken play has Madison potential as well.

Montana

North Clarks Fork is located in the Big Horn Basin, Montana, this prospect consists of 1,280 gross (1,280 net) acres. This field was discovered by British American in 1956 and produced 1.1 million barrels of oil and 2.8 bcf of natural gas over a 4 year period. This represents only a portion of the recoverable reserves.

BEC believes that with current technology they can produce the remaining recoverable reserves. BEC has a 100% working interest. BEC has retained the services of an independent engineering firm to evaluate and provide a proved oil and gas reserve report before drilling.

Kentucky
Located within the Illinois Basin, Kentucky, this prospect consists of 5,200 gross (5,200 net) acres. Baldwin Exploration plans to explore the potential of oil and the New Albany Shale for natural gas.

Baldwin has also purchased leases (5,230 acres) in the Green River Basin which have been conveyed to large independents. Baldwin Exploration has retained significant royalties from any production from this acreage.