JOINT VENTURE BETWEEN

PETROSTRATA CORPORATION / ETES DEVELOPMENT
CORPORATION

Projected Revenue and Utilization of Funds



|JV Split                                                                       | ESTIMATED ANNUAL GROSS RECEIPTS | $                                                                      219,350,400.00                                                                                                                                                     
|------------------------------------------------------------------------------ | ------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                               | 60%                             | Estes                                                                                                                                                                                                                                     
|                                                                               | 40%                             | PetroStrata                                                                                                                                                                                                                               
|                                                                               |                                 |                                                                                                                                                                                                                                           
|ESTIMATED PRODUCTION - CLEAN COAL                                              |                                
|                                                                               | No.                             | Item                                                                                                                                                                                                                                      
|                                                                               | 20                              | Tons of Coal                                                                                                                                                                                                                              
|x                                                                              | 24                              | Hours per Day                                                                                                                                                                                                                             
|                                                                               | 480                             | Tons of Coal per Day                                                                                                                                                                                                                      
|x                                                                              | 1.75                            | Per Line                                                                                                                                                                                                                                  
|                                                                               | 840                             | Tons of Clean Coal total per Day                                                                                                                                                                                                          
|                                                                               |                                 |                                                                                                                                                                                                                                           
|x                                                                              | 4                               | Lines                                                                                                                                                                                                                                     
|                                                                               | 1920                            | Tons of Clean Coal processed per Day                                                                                                                                                                                                      
|                                                                               | 365                             | Days per Year                                                                                                                                                                                                                             
|                                                                               | 700,800                         | Tons of Clean Coal processed per Year                                                                                                                                                                                                     
|                                                                               |                                 |                                                                                                                                                                                                                                           
|ESTIMATED   PRODUCTION - COAL OIL                                              |                                
|                                                                               | No.                             | Item                                                                                                                                                                                                                                      
|                                                                               | 3                               | Barrels per Ton                                                                                                                                                                                                                           
|x                                                                              | 700,800                         | Tons per Year                                                                                                                                                                                                                             
|                                                                               | 2,102,400                       | Barrels per Year                                                                                                                                                                                                                          
|                                                                               | 5,760                           | Barrels per Day                                                                                                                                                                                                                           
|                                                                               |                                 |                                                                                                                                                                                                                                           
|ESTIMATED PRODUCTION - MISCELLANEOUS PETROLEUM DISTILLATES AND BY-PRODUCTS    
|                                                                               | NOTES:              1.          | Based on available data for Kerogen extraction from Oil Shale, approximately 33% of the precipitants from PetroMicronic Processing will be in the form of Petroleum Distillates and By-Products with potentially significant market value.
|                                                                               |                                
|                                                                               |                                
|                                                                               | 2.                              | Specific Distillates and By-Products rendered from coal are determined by the quality and content of the original coal in the ground.                                                                                                     
|                                                                               |                                
|                                                                               | 3.                              | For purposes of this Projection, it is assumed that the revenue generated from the Petroleum Distillates and By-Products will exceed costs associated with the capture, containment and distribution.                                     
|                                                                               |                                
|                                                                               | 4.                              | Assume Net $1.00 per ton.                                                                                                                                                                                                                 
|                                                                               |                                 |                                                                                                                                                                                                                                           
|ESTIMATED ANNUAL GROSS RECEIPTS - CLEAN COAL                                   |                                
|                                                                               | No.                             | Item                                                                                                                                                                                                                                      
|                                                                               | 700,800                         | Tons of Clean Coal processed each Year                                                                                                                                                                                                    
|x                                                                              | $                       66      | $ per ton                                                                                                                                                                                                                                 
|                                                                               | $         46,252,800            | Estimated Annual Gross Receipts                                                                                                                                                                                                           
|                                                                               |                                 |                                                                                                                                                                                                                                           
|ESTIMATED ANNUAL GROSS RECEIPTS - COAL OIL                                     |                                
|                                                                               | No.                             | Item                                                                                                                                                                                                                                      
|                                                                               | 2,102,400                       | Barrels per year                                                                                                                                                                                                                          
|x                                                                              | $                       82      | $ per barrel                                                                                                                                                                                                                              
|                                                                               | $       172,396,800             | Estimated Annual Gross Receipts                                                                                                                                                                                                           
|                                                                               |                                 |                                                                                                                                                                                                                                           
|ESTIMATED ANNUAL GROSS  RECEIPTS - COAL OIL   (BRACKETED)                      | Comment                        
|x                                                                              | 100                             | $ per Barrel                                                                                                                                                                                                                              
|                                                                               | $       210,240,000             | Estimated Annual Gross Receipts                                                                                                                                                                                                           
|                                                                               |                                 |                                                                                                                                                                                                                                           
|x                                                                              | 50                              | $ per Barrel                                                                                                                                                                                                                              
|                                                                               | $       105,120,000             | Estimated Annual Gross Receipts                                                                                                                                                                                                           
|                                                                               |                                 |                                                                                                                                                                                                                                           
|ESTIMATED ANNUAL GROSS  RECEIPTS - MISC. PETROLEUM DISTILLATES AND BY-PRODUCTS
|                                                                               | No.                             | Item                                                                                                                                                                                                                                      
|                                                                               | 700,800                         | Tons of Clean Coal processed each Year                                                                                                                                                                                                    
|x                                                                              | $                         1     | $ per ton                                                                                                                                                                                                                                 
|                                                                               | $              700,800          | Estimated Annual Gross Receipts                                                                                                                                                                                                           
|                                                                               |                                 |                                                                                                                                                                                                                                           
|ESTIMATED ANNUAL GROSS  RECEIPTS - COMBINED                                    |                                
|                                                                               | $         46,252,800            | Clean Coal                                                                                                                                                                                                                                
|                                                                               | $       172,396,800             | Coal Oil                                                                                                                                                                                                                                  
|                                                                               | $              700,800          | Petroleum Distillates and By-Products                                                                                                                                                                                                     
|                                                                               | $       219,350,400             | Estimated Annual Gross Receipts                                                                                                                                                                                                           
|                                                                               |                                 |