fort peck assiniboine & sioux tribes

Fort Peck Energy Company
317C Street East Poplar, MT 59255
Ph: 406-768- 3093
becker@narpllc.com

Website: http://fortpeckenergy.com

PRESS RELEASE: 11-10-10

Fort Peck Energy Continues Leasing Allottees

Fort Peck Energy is currently leasing Allottee, Tribal and other lands for a drilling project to test the Bakken and Three Forks oil formations on the Reservation. So far we have spent over $1,250,000 on the Project for lease bonuses, rentals and staff salaries; the Allottees have received the majority of the money for their lease bonus payments and rentals. Our first Project area covers over 40,000 acres and is a large enough area to attract experienced Bakken exploration companies to partner with Fort Peck Energy in the drilling of this land. The geologic and technical expertise of our partners will help assure that the drilling of wells is a success, subject to Mother Nature's provision.

Fort Peck Energy, because it is owned 50% by the Tribes, is leasing acreage on the Reservation with the goal of having drilling commitments on Allottee lands for the testing of the Bakken and Three Forks formations. Fort Peck Energy has 8 people working in its Poplar office; 4 are Tribal members. Fort Peck Energy spends most of its time looking for more oil and gas opportunities on the Reservation, technical partners to develop these opportunities and ways to bring jobs and training to the Fort Peck Reservation.

Fort Peck Energy Company ("FPEC") was founded March 2009 and is owned 50% by the Assiniboine and Sioux Tribes and 50% by Native American Resource Partners ("NARP"). NARP and FPEC have spent well over a million dollars reviewing the Tribes' oil and gas resources, regional and local oil and gas pipeline capacity, and related opportunities, as well as maintaining a full time office and staff at its Poplar office at 317 C Street East.