Press Release

Houston , Texas ( November 1, 2003 )

The Oil & Gas Asset Clearinghouse L.P., chooses SKL Services, Inc as a business alliance partner for colocation services. The alliance was driven by demand and a need from the World Wide business community for a global provider of comprehensive Colocation services that The Oil & Gas Asset Clearinghouse L.P. for its customers.

The Oil & Gas Asset Clearinghouse L.P., a Petroleum Place Company, is a full service acquisition and divestiture consulting firm facilitating the exchange of oil and gas assets. "The Clearinghouse" offers a comprehensive array of evaluation, technical, and marketing services to meet the specific needs of oil and gas industry clients. All of The Clearinghouse's marketing techniques are fully Internet-enabled, thereby bringing significant workflow efficiencies to the due diligence, evaluation, and marketing processes of A & D. Through its combination of proven, traditional business practices with Internet technology, The Clearinghouse makes the process of buying and selling properties as efficient and convenient as possible. The Clearinghouse's line of marketing services includes:

· Negotiated Transactions - traditional packages with Electronic Data Room (EDR) support; used for higher quality, geographically consolidated property packages with a significant upside component. Offered by

· Hybrid Live Auctions - featuring simultaneous, real-time live floor and Internet bidding; best suited for fractionated, geographically diverse interests - operated and non-operated

· Exclusively Online Auctions - featuring bidding conducted exclusively on the Internet; outstanding for royalties, overriding royalties, and mineral interests

· Electronic Data Rooms (EDR) - provided both on the Internet and on CD-ROM to support all divestiture processes

· Physical Data Room Administration - four highly organized, traditional data rooms featuring presentations of all components of value and pre-copied evaluation data

The Clearinghouse has established itself as an industry leader by combining traditional business practices with Internet technology.