----

**AQUATIC            CELLULOSE INTERNATIONAL CORP.**

**ESTIMATED**

**RESERVES            AND FUTURE INCOME**

**ATTRIBUTABLE            TO CERTAIN**

**LEASEHOLD            INTERESTS**

**As            of**

**January            1, 2006**

----

**TABLE            OF CONTENTS**

**AQUATIC            CELLULOSE INTERNATIONAL CORP.**

| **DISCUSSION**                                                     |   |
|--------------------------------------------------------------------|--------|
|                                                               |   |
| **ONE                      LINE SUMMARIES**                        |   |
|                                                               |   |
| Summary                      of Estimated 8/8ths Reserves          | A      |
| Summary                      of Net Reserves and Income Data       | B      |
| Summary                      of Net Reserves and Income Data -     |   |
| Ranked                      by Future Net Income Discounted at 10% | C      |
|                                                               |   |
| **GRAND                      SUMMARIES**                           |   |
|                                                               |   |
| Total                      Proved Reserves                         | 1      |
| Total                      Proved Producing Reserves               | 2      |
| Total                      Proved Undeveloped Reserves             | 3      |
| Total                      Possible Undeveloped Reserves           | 4      |
|                                                               |   |
| **LEASEHOLD                      PROJECTIONS**                     |   |
|                                                               |   |
| Sargent                      South Field, Matagorda Co, TX         | 5-23   |

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**April            7, 2006**

**Aquatic            Cellulose International Corp.**

**Suite            5, 2504-43**
**rd**

**            St.**

**Vernon,            British Columbia**

**Canada            V1T 6L1**

**Aquatic            Cellulose International Corp.**

**Estimated            Net Reserves and Income Data**

**Attributable            to Certain Leasehold Interests**

**As            of January 1, 2006**

|                                                |   |  **ProvedProducing** |    |  **Proved****Undeveloped** |   |  **Total****Proved** |   |
|-----------------------------------------------------|--------|---------------------------|---------|---------------------------------|--------|---------------------------|--------|
| **Remaining                            Reserves**   |   |                      |    |                            |   |                      |   |   |   |   |
| Oil                            / Condensate - MBbls |   |                      | 0       |                            |   | 0                         |   |   | 0 |   |
| Gas                            - MMCF               |   |                      | 122     |                            |   | 205                       |   |   | 328 |   |
|                                                |   |                      |    |                            |   |                      |   |   |   |   |
| **Income                            Data**          |   |                      |    |                            |   |                      |   |   |   |   |
| Future                            Gross Revenue     |   | $                         | 947,892 |                            | $      | 1,591,741                 |   | $ | 2,539,633 |   |
| Deductions                                          |   |                      | 109,800 |                            |   | 529,073                   |   |   | 638,873 |   |
| Future                            Net Income        |   | $                         | 838,092 |                            | $      | 1,062,668                 |   | $ | 1,900,760 |   |
|                                                |   |                      |    |                            |   |                      |   |   |   |   |
|                                                |   |                      |    |                            |   |                      |   |   |   |   |
| Discounted                            FNI @ 10%     |   | $                         | 772,238 |                            | $      | 751,028                   |   | $ | 1,523,266 |   |

----

**Aquatic                    Cellulose International Corp. April 7, 2006 Page                    2 **

|                                          |   | ** ****PossibleUndeveloped** |       |
|-----------------------------------------------|--------|-----------------------------------|------------|
| **Remaining                      Reserves**   |   |                              |       |   |
| Oil                      / Condensate - MBbls |   |                              | 0          |   |
| Gas                      - MMCF               |   |                              | 2,064      |   |
|                                          |   |                              |       |   |
| **Income                      Data**          |   |                              |       |   |
| Future                      Gross Revenue     |   | $                                 | 16,007,969 |   |
| Deductions                                    |   |                              | 3,101,486  |   |
| Future                      Net Income        |   | $                                 | 12,906,482 |   |
|                                          |   |                              |       |   |
| Discounted                      FNI @10%      |   | $                                 | 5,611,746  |   |

| **Discounted                      Rate****Percent** |   |   | **Total****Proved** |   |
|-----------------------------------------------------|--------|--------|---------------------|--------|
| 15                                                  |   | $      | 1,384,722           |   |
| 20                                                  |   | $      | 1,269,726           |   |
| 25                                                  |   | $      | 1,173,243           |   |
| 30                                                  |   | $      | 1,091,495           |   |
| 35                                                  |   | $      | 1,021,603           |   |

----

**Aquatic            Cellulose International Corp. April 7, 2006Page 3**

**Reserve      Definitions**

**Estimate      of Reserves**

**Estimate      of Future Producing Rates**

----

**Aquatic      Cellulose International Corp.April 7, 2006 Page 4 **

**Product      Prices**

**Gas      Prices**

**Income      Data**

**General**

----

**Aquatic      Cellulose International Corp.April 7, 2006 Page 5 **

**Very      truly yours,**

**R.      A. LENSER AND ASSOCIATES, INC.**

**Ronald      A. Lenser**

**Registered      Professional Engineer**

**PE      No. 30558**

**RAL/hmg**

----

| **R.A.                    LENSER & ASSOCIATES, INC.****HOUSTON,                    TEXAS** | **TABLE                    A** |
|------------------------------------------------------------------------------------------------|--------------------------------|

**AQUATIC          CELLULOSE INTERNATIONAL CORP.**

**SUMMARY          OF 8/8ths RESERVES, INITIAL INTERESTS AND PRICES**

**AS          OF JANUARY 1, 2006**

|                                                   |   |                                                |   |         |   |                                           |   |                               |       |         |   |         |   | **OIL**   |   | **GAS**   |   |    |   |
|--------------------------------------------------------|--------|-----------------------------------------------------|--------|--------------|--------|------------------------------------------------|--------|------------------------------------|------------|--------------|--------|--------------|--------|-----------|--------|-----------|--------|---------|--------|
|                                                   |   |                                                |   | **RESERVE**  |   | **---8/8ths                      RESERVES---** |   | **WORKING**                        |       | **REVENUE**  |   | **PRICE**    |   | **PRICE** |   | **TABLE** |   |
| **FIELD**                                              |   | **LEASE**                                           |   | **CATEGORY** |   | **OIL,                      MB**               |   | **GAS,                      Mmcf** |       | **INTEREST** |   | **INTEREST** |   | **$/BBL** |   | **$/Mcf** |   | **NO.** |   |
|                                                   |   |                                                |   |         |   |                                           |   |                               |       |         |   |         |   |      |   |      |   |    |   |
| **PROVED                      RESERVES**               |   |                                                |   |         |   |                                           |   |                               |       |         |   |         |   |      |   |      |   |
|                                                   |   |                                                |   |         |   |                                           |   |                               |       |         |   |         |   |      |   |      |   |    |   |   |   |   |   |   |   |   |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL NO. 02       |   |         | 1PDP   |                                           |   | 0.000                              |       |         | 345    |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 15 |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL NO. 10       |   |         | 1PDP   |                                           |   | 0.000                              |       |         | 231    |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 16 |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL NO. 10 - DEP |   |         | 1PDP   |                                           |   | 0.000                              |       |         | 0      |         |   | 0.00      | %      |      | 0.00   | %       |   | 0.00 |   |   | 0.00 |   |   | 17 |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL NO. 11       |   |         | 1PDP   |                                           |   | 0.000                              |       |         | 60     |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 18 |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL NO. 14       |   |         | 1PDP   |                                           |   | 0.000                              |       |         | 73     |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 19 |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL NO. 17       |   |         | 1PDP   |                                           |   | 0.000                              |       |         | 55     |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 20 |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL NO. 19       |   |         | 1PDP   |                                           |   | 0.000                              |       |         | 0      |         |   | 0.00      | %      |      | 0.00   | %       |   | 0.00 |   |   | 7.75 |   |   | 21 |   |
| **PROVED                      PRODUCING TOTAL**        |   |                                                |   |         |   | **0.000**                                      |   |                               | **764**    |         |   |         |   |      |   |      |   |    |   |   |   |   |   |   |   |
|                                                   |   |                                                |   |         |   |                                           |   |                               |       |         |   |         |   |      |   |      |   |    |   |   |   |   |   |   |   |   |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL NO. 21       |   |         | 3PUD   |                                           |   | 0.000                              |       |         | 549    |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 22 |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL NO. 22       |   |         | 3PUD   |                                           |   | 0.000                              |       |         | 734    |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 23 |   |
| **PROVED                      BEHIND PIPE TOTAL**      |   |                                                |   |         |   | **0.000**                                      |   |                               | **1,283**  |         |   |         |   |      |   |      |   |    |   |   |   |   |   |   |   |
|                                                   |   |                                                |   |         |   |                                           |   |                               |       |         |   |         |   |      |   |      |   |    |   |   |   |   |   |   |   |   |   |
| **GRAND                      TOTAL PROVED RESERVES**   |   |                                                |   |         |   | **0.000**                                      |   |                               | **2,047**  |         |   |         |   |      |   |      |   |    |   |   |   |   |   |   |   |
|                                                   |   |                                                |   |         |   |                                           |   |                               |       |         |   |         |   |      |   |      |   |    |   |   |   |   |   |   |   |   |   |
| **POSSIBLE                      RESERVES**             |   |                                                |   |         |   |                                           |   |                               |       |         |   |         |   |      |   |      |   |    |   |   |   |   |   |   |   |
|                                                   |   |                                                |   |         |   |                                           |   |                               |       |         |   |         |   |      |   |      |   |    |   |   |   |   |   |   |   |   |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL LOC. 1 PSUD1 |   |         | 9PSUD  |                                           |   | 0.000                              |       |         | 3,545  |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 9 |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL LOC. 2 PSUD1 |   |         | 9PSUD  |                                           |   | 0.000                              |       |         | 3,411  |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 10 |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL LOC. 3 PSUD1 |   |         | 9PSUD  |                                           |   | 0.000                              |       |         | 1,772  |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 11 |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL LOC. 4 PSUD1 |   |         | 9PSUD  |                                           |   | 0.000                              |       |         | 1,212  |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 12 |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL LOC. 5 PSUD1 |   |         | 9PSUD  |                                           |   | 0.000                              |       |         | 2,377  |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 13 |   |
| SARGENT                      SOUTH                     |   | HAMILL                    & HAMILL LOC. 6 PSUD1 |   |         | 9PSUD  |                                           |   | 0.000                              |       |         | 586    |         |   | 20.00     | %      |      | 16.00  | %       |   | 0.00 |   |   | 7.75 |   |   | 14 |   |
| **POSSIBLE                      UNDEVELOPED TOTAL**    |   |                                                |   |         |   | **0.000**                                      |   |                               | **12,903** |         |   |         |   |      |   |      |   |    |   |   |   |   |   |   |   |
|                                                   |   |                                                |   |         |   |                                           |   |                               |       |         |   |         |   |      |   |      |   |    |   |   |   |   |   |   |   |   |   |
| **GRAND                      TOTAL POSSIBLE RESERVES** |   |                                                |   |         |   | **0.000**                                      |   |                               | **12,903** |         |   |         |   |      |   |      |   |    |   |   |   |   |   |   |   |

----

| **R.A                LENSER & ASSOCIATES, INC.****HOUSTON,                TEXAS** | **TABLE                B** |
|---------------------------------------------------------------------------------------|----------------------------|

**AQUATIC      CELLULOSE INTERNATIONAL CORP.**

**SUMMARY      OF NET RESERVES AND INCOME DATA**

**AS        OF JANUARY 1, 2006**

|                                                   |                                      | ****RESERVE**CATEGORY**                             | ****-----------NET-----------****      | ****TOTAL******REV,                      M$** | ****--TAXES,                      M$--**** | ****--EXPENSES,                      M$--**** | ****INCOME******M$** | ****INCOME**@                        10%, M$** | ****TABLE**NUMBER** |
|--------------------------------------------------------|-------------------------------------------|-----------------------------------------------------|----------------------------------------|-----------------------------------------------|--------------------------------------------|-----------------------------------------------|----------------------|------------------------------------------------|---------------------|
| ****FIELD****                                          | ****LEASE****                             | ****OIL,                      MB****                | ****GAS,                      Mmcf**** | ****SEV****                                   | ****AD                      VAL****        | ****OPC****                                   | ****COSTS****        |
|                                                   |                                      |                                                |                                   |                                          |                                       |                                          |                 |                                           |                |   |   |   |
| ****PROVED                      RESERVES****           |                                      |                                                |                                   |                                          |                                       |                                          |                 |                                           |                |   |   |
|                                                   |                                      |                                                |                                   |                                          |                                       |                                          |                 |                                           |                |   |   |   |
| SARGENT                      SOUTH                     | PROVED                      PRODUCING     | HAMILL&HAMILL                      NO. 02       | 0.000                                  | 55                                            | 427                                        | 0                                             | 16                   | 11                                             | 0                   | 400 | 379 | 15 |
| SARGENT                      SOUTH                     | PROVED                      PRODUCING     | HAMILL&HAMILL                      NO. 10       | 0.000                                  | 37                                            | 287                                        | 0                                             | 11                   | 23                                             | 0                   | 253 | 220 | 16 |
| SARGENT                      SOUTH                     | PROVED                      PRODUCING     | HAMILL&HAMILL                      NO. 14       | 0.000                                  | 12                                            | 91                                         | 0                                             | 3                    | 10                                             | 0                   | 77 | 72 | 19 |
| SARGENT                      SOUTH                     | PROVED                      PRODUCING     | HAMILL&HAMILL                      NO. 17       | 0.000                                  | 9                                             | 68                                         | 0                                             | 3                    | 11                                             | 0                   | 55 | 52 | 20 |
| SARGENT                      SOUTH                     | PROVED                      PRODUCING     | HAMILL&HAMILL                      NO. 11       | 0.000                                  | 10                                            | 75                                         | 0                                             | 3                    | 8                                              | 10                  | 54 | 50 | 18 |
| SARGENT                      SOUTH                     | PROVED                      PRODUCING     | HAMILL&HAMILL                      NO. 19       | 0.000                                  | 0                                             | 0                                          | 0                                             | 0                    | 0                                              | 0                   | 0 | 0 | 21 |
| SARGENT                      SOUTH                     | PROVED                      PRODUCING     | HAMILL&HAMILL                      NO. 10 - DEP | 0.000                                  | 0                                             | 0                                          | 0                                             | 0                    | 0                                              | 0                   | 0 | 0 | 17 |
| **PROVED                      PRODUCING TOTAL**        |                                      | **0.000**                                           | **122**                                | **948**                                       | **0**                                      | **36**                                        | **64**               | **10**                                         | **838**             | **772** |   |
|                                                   |                                      |                                                |                                   |                                          |                                       |                                          |                 |                                           |                |   |   |   |
| SARGENT                      SOUTH                     | PROVED                      UNDEVELOPED   | HAMILL&HAMILL                      NO. 22       | 0.000                                  | 117                                           | 911                                        | 68                                            | 32                   | 21                                             | 157                 | 632 | 444 | 23 |
| SARGENT                      SOUTH                     | PROVED                      UNDEVELOPED   | HAMILL&HAMILL                      NO. 21       | 0.000                                  | 88                                            | 681                                        | 51                                            | 24                   | 19                                             | 157                 | 430 | 307 | 22 |
| **PROVED                      UNDEVELOPED TOTAL**      |                                      | **0.000**                                           | **205**                                | **1,592**                                     | **119**                                    | **56**                                        | **40**               | **314**                                        | **1,063**           | **751** |   |
|                                                   |                                      |                                                |                                   |                                          |                                       |                                          |                 |                                           |                |   |   |   |
| **GRAND                      TOTAL PROVED RESERVES**   |                                      | **0.000**                                           | **328**                                | **2,540**                                     | **119**                                    | **92**                                        | **104**              | **324**                                        | **1,901**           | **1,523** |   |
|                                                   |                                      |                                                |                                   |                                          |                                       |                                          |                 |                                           |                |   |   |   |
| **POSSIBLE                      RESERVES**             |                                      |                                                |                                   |                                          |                                       |                                          |                 |                                           |                |   |   |
|                                                   |                                      |                                                |                                   |                                          |                                       |                                          |                 |                                           |                |   |   |   |
| SARGENT                      SOUTH                     | POSSIBLE                      UNDEVELOPED | HAMILL&HAMILL                      LOC. 1 PSUD1 | 0.000                                  | 567                                           | 4,398                                      | 330                                           | 154                  | 102                                            | 171                 | 3,641 | 1,365 | 9 |
| SARGENT                      SOUTH                     | POSSIBLE                      UNDEVELOPED | HAMILL&HAMILL                      LOC. 2 PSUD1 | 0.000                                  | 546                                           | 4,232                                      | 317                                           | 148                  | 98                                             | 171                 | 3,497 | 1,313 | 10 |
| SARGENT                      SOUTH                     | POSSIBLE                      UNDEVELOPED | HAMILL&HAMILL                      LOC. 5 PSUD1 | 0.000                                  | 380                                           | 2,949                                      | 221                                           | 103                  | 68                                             | 164                 | 2,392 | 1,033 | 13 |
| SARGENT                      SOUTH                     | POSSIBLE                      UNDEVELOPED | HAMILL&HAMILL                      LOC. 3 PSUD1 | 0.000                                  | 284                                           | 2,198                                      | 165                                           | 77                   | 51                                             | 157                 | 1,749 | 921 | 11 |
| SARGENT                      SOUTH                     | POSSIBLE                      UNDEVELOPED | HAMILL&HAMILL                      LOC. 4 PSUD1 | 0.000                                  | 194                                           | 1,504                                      | 113                                           | 53                   | 35                                             | 157                 | 1,146 | 668 | 12 |
| SARGENT                      SOUTH                     | POSSIBLE                      UNDEVELOPED | HAMILL&HAMILL                      LOC. 6 PSUD1 | 0.000                                  | 94                                            | 727                                        | 55                                            | 25                   | 17                                             | 150                 | 480 | 312 | 14 |
| **POSSIBLE                      UNDEVELOPED RESERVES** |                                      | **0.000**                                           | **2,064**                              | **16,008**                                    | **1,201**                                  | **560**                                       | **371**              | **970**                                        | **12,906**          | **5,612** |   |
|                                                   |                                      |                                                |                                   |                                          |                                       |                                          |                 |                                           |                |   |   |   |
| **GRAND                      TOTAL POSSIBLE RESERVES** |                                      | **0.000**                                           | **2,064**                              | **16,008**                                    | **1,201**                                  | **560**                                       | **371**              | **970**                                        | **12,906**          | **5,612** |   |

----

| **R.A                      LENSER & ASSOCIATES, INC.****HOUSTON,                      TEXAS** | **TABLE                      C** |
|---------------------------------------------------------------------------------------------------|----------------------------------|

**AQUATIC        CELLULOSE INTERNATIONAL CORP.**

**SUMMARY        OF NET RESERVES AND INCOME DATA**

**RANKED        BY FUTURE NET INCOME DISCOUNTED AT 10%**

**AS        OF JANUARY 1, 2006**

|                                             |   |                                          |   | **RESERVE**                       |      | **-----------NET-----------** |   | **TOTAL**                    |   | **--TAXES,                M$--** |       | **--EXPENSES,                M$--** |   | **INCOME**                |   | **INCOME** |    | **TABLE** |   |
|--------------------------------------------------|--------|-----------------------------------------------|--------|-----------------------------------|-----------|-------------------------------|--------|------------------------------|--------|----------------------------------|------------|-------------------------------------|--------|---------------------------|--------|------------|---------|-----------|--------|
| **FIELD**                                        |   | **LEASE**                                     |   | **CATEGORY**                      |      | **OIL,                MB**    |   | **GAS,                Mmcf** |   | **REV,                M$**       |       | **SEV**                             |   | **AD                VAL** |   | **OPC**    |    | **COSTS** |   | **M$** |   | **@                10%, M$** |   | **NUMBER** |   |
|                                             |   |                                          |   |                              |      |                          |   |                         |   |                             |       |                                |   |                      |   |       |    |      |   |   |   |   |   |   |   |
| **PROVED                RESERVES**               |   |                                          |   |                              |      |                          |   |                         |   |                             |       |                                |   |                      |   |       |    |      |   |   |   |   |   |
|                                             |   |                                          |   |                              |      |                          |   |                         |   |                             |       |                                |   |                      |   |       |    |      |   |   |   |   |   |   |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL NO. 22       |   | PROVED              UNDEVELOPED   |      |                          | 0.000  |                         |   | 117                              |       |                                | 911    |                      |   | 68         |    |      | 32     |   |   | 21 |   |   | 157 |   |   | 632 |   |   | 444 |   |   | 23 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL NO. 02       |   | PROVED              PRODUCING     |      |                          | 0.000  |                         |   | 55                               |       |                                | 427    |                      |   | 0          |    |      | 16     |   |   | 11 |   |   | 0 |   |   | 400 |   |   | 379 |   |   | 15 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL NO. 21       |   | PROVED              UNDEVELOPED   |      |                          | 0.000  |                         |   | 88                               |       |                                | 681    |                      |   | 51         |    |      | 24     |   |   | 19 |   |   | 157 |   |   | 430 |   |   | 307 |   |   | 22 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL NO. 10       |   | PROVED              PRODUCING     |      |                          | 0.000  |                         |   | 37                               |       |                                | 287    |                      |   | 0          |    |      | 11     |   |   | 23 |   |   | 0 |   |   | 253 |   |   | 220 |   |   | 16 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL NO. 14       |   | PROVED              PRODUCING     |      |                          | 0.000  |                         |   | 12                               |       |                                | 91     |                      |   | 0          |    |      | 3      |   |   | 10 |   |   | 0 |   |   | 77 |   |   | 72 |   |   | 19 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL NO. 17       |   | PROVED              PRODUCING     |      |                          | 0.000  |                         |   | 9                                |       |                                | 68     |                      |   | 0          |    |      | 3      |   |   | 11 |   |   | 0 |   |   | 55 |   |   | 52 |   |   | 20 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL NO. 11       |   | PROVED              PRODUCING     |      |                          | 0.000  |                         |   | 10                               |       |                                | 75     |                      |   | 0          |    |      | 3      |   |   | 8 |   |   | 10 |   |   | 54 |   |   | 50 |   |   | 18 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL NO. 19       |   | PROVED              PRODUCING     |      |                          | 0.000  |                         |   | 0                                |       |                                | 0      |                      |   | 0          |    |      | 0      |   |   | 0 |   |   | 0 |   |   | 0 |   |   | 0 |   |   | 21 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL NO. 10 - DEP |   | PROVED              PRODUCING     |      |                          | 0.000  |                         |   | 0                                |       |                                | 0      |                      |   | 0          |    |      | 0      |   |   | 0 |   |   | 0 |   |   | 0 |   |   | 0 |   |   | 17 |   |
|                                             |   |                                          |   |                              |      |                          |   |                         |   |                             |       |                                |   |                      |   |       |    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **GRAND                TOTAL PROVED RESERVES**   |   |                                          |   |                              | **0.000** |                          |   | **328**                      |   |                             | **2,540**  |                                |   | **119**                   |   |       | **92**  |      |   | **104** |   |   | **324** |   |   | **1,901** |   |   | **1,523** |   |   |   |   |
|                                             |   |                                          |   |                              |      |                          |   |                         |   |                             |       |                                |   |                      |   |       |    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **POSSIBLE                RESERVES**             |   |                                          |   |                              |      |                          |   |                         |   |                             |       |                                |   |                      |   |       |    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                             |   |                                          |   |                              |      |                          |   |                         |   |                             |       |                                |   |                      |   |       |    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL LOC. 1 PSUD1 |   | POSSIBLE              UNDEVELOPED |      |                          | 0.000  |                         |   | 567                              |       |                                | 4,398  |                      |   | 330        |    |      | 154    |   |   | 102 |   |   | 171 |   |   | 3,641 |   |   | 1,365 |   |   | 9 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL LOC. 2 PSUD1 |   | POSSIBLE              UNDEVELOPED |      |                          | 0.000  |                         |   | 546                              |       |                                | 4,232  |                      |   | 317        |    |      | 148    |   |   | 98 |   |   | 171 |   |   | 3,497 |   |   | 1,313 |   |   | 10 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL LOC. 5 PSUD1 |   | POSSIBLE              UNDEVELOPED |      |                          | 0.000  |                         |   | 380                              |       |                                | 2,949  |                      |   | 221        |    |      | 103    |   |   | 68 |   |   | 164 |   |   | 2,392 |   |   | 1,033 |   |   | 13 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL LOC. 3 PSUD1 |   | POSSIBLE              UNDEVELOPED |      |                          | 0.000  |                         |   | 284                              |       |                                | 2,198  |                      |   | 165        |    |      | 77     |   |   | 51 |   |   | 157 |   |   | 1,749 |   |   | 921 |   |   | 11 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL LOC. 4 PSUD1 |   | POSSIBLE              UNDEVELOPED |      |                          | 0.000  |                         |   | 194                              |       |                                | 1,504  |                      |   | 113        |    |      | 53     |   |   | 35 |   |   | 157 |   |   | 1,146 |   |   | 668 |   |   | 12 |   |
| SARGENT                SOUTH                     |   | HAMILL              & HAMILL LOC. 6 PSUD1 |   | POSSIBLE              UNDEVELOPED |      |                          | 0.000  |                         |   | 94                               |       |                                | 727    |                      |   | 55         |    |      | 25     |   |   | 17 |   |   | 150 |   |   | 480 |   |   | 312 |   |   | 14 |   |
|                                             |   |                                          |   |                              |      |                          |   |                         |   |                             |       |                                |   |                      |   |       |    |      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **GRAND                TOTAL POSSIBLE RESERVES** |   |                                          |   |                              | **0.000** |                          |   | **2,064**                    |   |                             | **16,008** |                                |   | **1,201**                 |   |       | **560** |      |   | **371** |   |   | **970** |   |   | **12,906** |   |   | **5,612** |   |   |   |   |

----

```

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   GRAND SUMMARY                                                                                      TABLE 1
   TOTAL PROVED RESERVES
                                                                                                    RESERVE TYPE
                                                                                                    TOTAL PROVED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL                                                                                                 10.0000      1523.266
 FINAL                                                                                                   15.0000      1384.722
                                                                                                         20.0000      1269.726
                                                                                                         25.0000      1173.243
                                                                                                         30.0000      1091.495
                                                                                                         35.0000      1021.603

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      5.          0.000          0.000           506.          0.000          0.000            81.       0.00       7.75
 12-07      6.          0.000          0.000           488.          0.000          0.000            78.       0.00       7.75
 12-08      3.          0.000          0.000           344.          0.000          0.000            55.       0.00       7.75
 12-09      3.          0.000          0.000           309.          0.000          0.000            50.       0.00       7.75
 12-10      3.          0.000          0.000           321.          0.000          0.000            51.       0.00       7.75
 12-11      1.          0.000          0.000            78.          0.000          0.000            12.       0.00       7.75
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      4.          0.000          0.000          2047.          0.000          0.000           328.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      4.          0.000          0.000          2047.          0.000          0.000           328.       0.00       7.75

 Cumulative             0.000          0.000           312.
 Ultimate               0.000          0.000          2359.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.        627260.          0.     627260.               0.         23726.             603534.
 12-07             0.             0.        605683.          0.     605683.           29103.         21809.             554771.
 12-08             0.             0.        427207.          0.     427207.           27809.         15107.             384291.
 12-09             0.             0.        383885.          0.     383885.           26589.         13515.             343781.
 12-10             0.             0.        398849.          0.     398849.           28624.         14004.             356221.
 12-11             0.             0.         96748.          0.      96748.            7256.          3385.              86107.
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.       2539633.          0.    2539633.          119381.         91546.            2328706.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.       2539633.          0.    2539633.          119381.         91546.            2328706.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06          24677.         10000.             0.             0.         34677.        568857.        568857.        546719.
 12-07          30115.        307000.             0.             0.        337115.        217656.        786513.        181853.
 12-08          16405.          7000.             0.             0.         23405.        360886.       1147400.        284591.
 12-09          14374.             0.             0.             0.         14374.        329408.       1476808.        236456.
 12-10          13976.             0.             0.             0.         13976.        342245.       1819053.        224510.
 12-11           4400.             0.             0.             0.          4400.         81707.       1900760.         49137.
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T         103946.        324000.             0.             0.        427946.       1900760.       1900760.       1523266.
 After              0.             0.             0.             0.             0.             0.       1900760.             0.
 Total         103946.        324000.             0.             0.        427946.       1900760.       1900760.       1523266.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   GRAND SUMMARY                                                                                      TABLE 2
   PROVED PRODUCING RESERVES
                                                                                                    RESERVE TYPE
                                                                                                    PROVED PRODUCING

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL                                                                                                 10.0000       772.238
 FINAL                                                                                                   15.0000       744.908
                                                                                                         20.0000       720.479
                                                                                                         25.0000       698.495
                                                                                                         30.0000       678.589
                                                                                                         35.0000       660.466

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      5.          0.000          0.000           506.          0.000          0.000            81.       0.00       7.75
 12-07      5.          0.000          0.000           175.          0.000          0.000            28.       0.00       7.75
 12-08      1.          0.000          0.000            45.          0.000          0.000             7.       0.00       7.75
 12-09      1.          0.000          0.000            24.          0.000          0.000             4.       0.00       7.75
 12-10      1.          0.000          0.000            14.          0.000          0.000             2.       0.00       7.75
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      3.          0.000          0.000           764.          0.000          0.000           122.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      3.          0.000          0.000           764.          0.000          0.000           122.       0.00       7.75

 Cumulative             0.000          0.000           312.
 Ultimate               0.000          0.000          1076.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.        627260.          0.     627260.               0.         23726.             603534.
 12-07             0.             0.        217649.          0.     217649.               0.          8233.             209416.
 12-08             0.             0.         56426.          0.      56426.               0.          2134.              54292.
 12-09             0.             0.         29365.          0.      29365.               0.          1111.              28255.
 12-10             0.             0.         17191.          0.      17191.               0.           650.              16541.
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.        947892.          0.     947892.               0.         35854.             912038.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.        947892.          0.     947892.               0.         35854.             912038.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06          24677.         10000.             0.             0.         34677.        568857.        568857.        546719.
 12-07          23315.             0.             0.             0.         23315.        186101.        754958.        162850.
 12-08           6805.             0.             0.             0.          6805.         47487.        802445.         37778.
 12-09           4774.             0.             0.             0.          4774.         23481.        825926.         16901.
 12-10           4376.             0.             0.             0.          4376.         12165.        838092.          7990.
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T          63946.         10000.             0.             0.         73946.        838092.        838092.        772238.
 After              0.             0.             0.             0.             0.             0.        838092.             0.
 Total          63946.         10000.             0.             0.         73946.        838092.        838092.        772238.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   GRAND SUMMARY                                                                                      TABLE 3
   PROVED UNDEVELOPED RESERVES
                                                                                                    RESERVE TYPE
                                                                                                    PROVED UNDEVELOPED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL                                                                                                 10.0000       751.028
 FINAL                                                                                                   15.0000       639.814
                                                                                                         20.0000       549.246
                                                                                                         25.0000       474.748
                                                                                                         30.0000       412.905
                                                                                                         35.0000       361.137

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-07      1.          0.000          0.000           313.          0.000          0.000            50.       0.00       7.75
 12-08      2.          0.000          0.000           299.          0.000          0.000            48.       0.00       7.75
 12-09      2.          0.000          0.000           286.          0.000          0.000            46.       0.00       7.75
 12-10      2.          0.000          0.000           308.          0.000          0.000            49.       0.00       7.75
 12-11      1.          0.000          0.000            78.          0.000          0.000            12.       0.00       7.75
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      1.          0.000          0.000          1283.          0.000          0.000           205.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      1.          0.000          0.000          1283.          0.000          0.000           205.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000          1283.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.             0.          0.          0.               0.             0.                  0.
 12-07             0.             0.        388034.          0.     388034.           29103.         13577.             345355.
 12-08             0.             0.        370781.          0.     370781.           27809.         12973.             329999.
 12-09             0.             0.        354520.          0.     354520.           26589.         12404.             315527.
 12-10             0.             0.        381658.          0.     381658.           28624.         13353.             339680.
 12-11             0.             0.         96748.          0.      96748.            7256.          3385.              86107.
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.       1591741.          0.    1591741.          119381.         55692.            1416668.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.       1591741.          0.    1591741.          119381.         55692.            1416668.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06              0.             0.             0.             0.             0.             0.             0.             0.
 12-07           6800.        307000.             0.             0.        313800.         31555.         31555.         19003.
 12-08           9600.          7000.             0.             0.         16600.        313399.        344954.        246813.
 12-09           9600.             0.             0.             0.          9600.        305927.        650881.        219555.
 12-10           9600.             0.             0.             0.          9600.        330080.        980961.        216520.
 12-11           4400.             0.             0.             0.          4400.         81707.       1062668.         49137.
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T          40000.        314000.             0.             0.        354000.       1062668.       1062668.        751028.
 After              0.             0.             0.             0.             0.             0.       1062668.             0.
 Total          40000.        314000.             0.             0.        354000.       1062668.       1062668.        751028.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   GRAND SUMMARY                                                                                      TABLE 4
   POSSIBLE UNDEVELOPED RESERVES
                                                                                                    RESERVE TYPE
                                                                                                    POSSIBLE UNDEVELOPED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL                                                                                                 10.0000      5611.747
 FINAL                                                                                                   15.0000      4065.883
                                                                                                         20.0000      3075.665
                                                                                                         25.0000      2404.777
                                                                                                         30.0000      1929.294
                                                                                                         35.0000      1579.856

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-07      0.          0.000          0.000           143.          0.000          0.000            23.       0.00       7.75
 12-08      4.          0.000          0.000          1156.          0.000          0.000           185.       0.00       7.75
 12-09      6.          0.000          0.000          1398.          0.000          0.000           224.       0.00       7.75
 12-10      6.          0.000          0.000           945.          0.000          0.000           151.       0.00       7.75
 12-11      6.          0.000          0.000           641.          0.000          0.000           103.       0.00       7.75
 12-12      5.          0.000          0.000           456.          0.000          0.000            73.       0.00       7.75
 12-13      5.          0.000          0.000          1306.          0.000          0.000           209.       0.00       7.75
 12-14      5.          0.000          0.000          1051.          0.000          0.000           168.       0.00       7.75
 12-15      5.          0.000          0.000           694.          0.000          0.000           111.       0.00       7.75
 12-16      4.          0.000          0.000           456.          0.000          0.000            73.       0.00       7.75
 12-17      4.          0.000          0.000           419.          0.000          0.000            67.       0.00       7.75
 12-18      4.          0.000          0.000           657.          0.000          0.000           105.       0.00       7.75
 12-19      3.          0.000          0.000           720.          0.000          0.000           115.       0.00       7.75
 12-20      3.          0.000          0.000           502.          0.000          0.000            80.       0.00       7.75

 Sub-T      4.          0.000          0.000         10546.          0.000          0.000          1687.       0.00       7.75
 After      2.          0.000          0.000          2357.          0.000          0.000           377.       0.00       7.75
 Total      3.          0.000          0.000         12903.          0.000          0.000          2064.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000         12903.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.             0.          0.          0.               0.             0.                  0.
 12-07             0.             0.        177415.          0.     177415.           13306.          6207.             157902.
 12-08             0.             0.       1434799.          0.    1434799.          107610.         50201.            1276988.
 12-09             0.             0.       1734347.          0.    1734347.          130076.         60682.            1543589.
 12-10             0.             0.       1172870.          0.    1172870.           87965.         41037.            1043869.
 12-11             0.             0.        795829.          0.     795829.           59687.         27845.             708297.
 12-12             0.             0.        565409.          0.     565409.           42406.         19783.             503221.
 12-13             0.             0.       1619663.          0.    1619663.          121475.         56669.            1441519.
 12-14             0.             0.       1304490.          0.    1304490.           97837.         45642.            1161012.
 12-15             0.             0.        861400.          0.     861400.           64605.         30139.             766656.
 12-16             0.             0.        566093.          0.     566093.           42457.         19807.             503829.
 12-17             0.             0.        520302.          0.     520302.           39023.         18204.             463075.
 12-18             0.             0.        815236.          0.     815236.           61143.         28524.             725569.
 12-19             0.             0.        893604.          0.     893604.           67020.         31266.             795318.
 12-20             0.             0.        622487.          0.     622487.           46687.         21780.             554021.

 Sub-T             0.             0.      13083945.          0.   13083945.          981296.        457783.           11644866.
 After             0.             0.       2924024.          0.    2924024.          219302.        102306.            2602416.
 Total             0.             0.      16007969.          0.   16007969.         1200597.        560089.           14247282.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06              0.             0.             0.             0.             0.             0.             0.             0.
 12-07           2000.        300000.             0.             0.        302000.       -144098.       -144098.       -122304.
 12-08          18400.        600000.             0.             0.        618400.        658589.        514490.        513874.
 12-09          28800.             0.             0.             0.         28800.       1514789.       2029280.       1088948.
 12-10          28800.             0.             0.             0.         28800.       1015069.       3044348.        663374.
 12-11          28800.         14000.             0.             0.         42800.        665497.       3709846.        395740.
 12-12          26000.         21000.             0.             0.         47000.        456221.       4166066.        245215.
 12-13          24000.             0.             0.             0.         24000.       1417519.       5583586.        692086.
 12-14          24000.             0.             0.             0.         24000.       1137012.       6720597.        507542.
 12-15          22400.             0.             0.             0.         22400.        744256.       7464854.        302247.
 12-16          19200.          7000.             0.             0.         26200.        477629.       7942482.        176184.
 12-17          19200.         14000.             0.             0.         33200.        429875.       8372358.        142989.
 12-18          18000.             0.             0.             0.         18000.        707569.       9079927.        213684.
 12-19          14400.             0.             0.             0.         14400.        780918.       9860845.        216384.
 12-20          14400.             0.             0.             0.         14400.        539621.      10400466.        135933.

 Sub-T         288400.        956000.             0.             0.       1244400.      10400466.      10400466.       5171896.
 After          82400.         14000.             0.             0.         96400.       2506016.      12906481.        439849.
 Total         370800.        970000.             0.             0.       1340800.      12906482.      12906481.       5611746.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   GRAND SUMMARY                                                                                      TABLE 5
   SARGENT SOUTH FIELD
   TOTAL PROVED RESERVES                                                                            RESERVE TYPE
                                                                                                    TOTAL PROVED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL                                                                                                 10.0000      1523.266
 FINAL                                                                                                   15.0000      1384.722
                                                                                                         20.0000      1269.726
                                                                                                         25.0000      1173.243
                                                                                                         30.0000      1091.495
                                                                                                         35.0000      1021.603

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      5.          0.000          0.000           506.          0.000          0.000            81.       0.00       7.75
 12-07      6.          0.000          0.000           488.          0.000          0.000            78.       0.00       7.75
 12-08      3.          0.000          0.000           344.          0.000          0.000            55.       0.00       7.75
 12-09      3.          0.000          0.000           309.          0.000          0.000            50.       0.00       7.75
 12-10      3.          0.000          0.000           321.          0.000          0.000            51.       0.00       7.75
 12-11      1.          0.000          0.000            78.          0.000          0.000            12.       0.00       7.75
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      4.          0.000          0.000          2047.          0.000          0.000           328.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      4.          0.000          0.000          2047.          0.000          0.000           328.       0.00       7.75

 Cumulative             0.000          0.000           312.
 Ultimate               0.000          0.000          2359.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.        627260.          0.     627260.               0.         23726.             603534.
 12-07             0.             0.        605683.          0.     605683.           29103.         21809.             554771.
 12-08             0.             0.        427207.          0.     427207.           27809.         15107.             384291.
 12-09             0.             0.        383885.          0.     383885.           26589.         13515.             343781.
 12-10             0.             0.        398849.          0.     398849.           28624.         14004.             356221.
 12-11             0.             0.         96748.          0.      96748.            7256.          3385.              86107.
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.       2539633.          0.    2539633.          119381.         91546.            2328706.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.       2539633.          0.    2539633.          119381.         91546.            2328706.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06          24677.         10000.             0.             0.         34677.        568857.        568857.        546719.
 12-07          30115.        307000.             0.             0.        337115.        217656.        786513.        181853.
 12-08          16405.          7000.             0.             0.         23405.        360886.       1147400.        284591.
 12-09          14374.             0.             0.             0.         14374.        329408.       1476808.        236456.
 12-10          13976.             0.             0.             0.         13976.        342245.       1819053.        224510.
 12-11           4400.             0.             0.             0.          4400.         81707.       1900760.         49137.
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T         103946.        324000.             0.             0.        427946.       1900760.       1900760.       1523266.
 After              0.             0.             0.             0.             0.             0.       1900760.             0.
 Total         103946.        324000.             0.             0.        427946.       1900760.       1900760.       1523266.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   GRAND SUMMARY                                                                                      TABLE 6
   SARGENT SOUTH FIELD
   PROVED PRODUCING RESERVES                                                                        RESERVE TYPE
                                                                                                    PROVED PRODUCING

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL                                                                                                 10.0000       772.238
 FINAL                                                                                                   15.0000       744.908
                                                                                                         20.0000       720.479
                                                                                                         25.0000       698.495
                                                                                                         30.0000       678.589
                                                                                                         35.0000       660.466

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      5.          0.000          0.000           506.          0.000          0.000            81.       0.00       7.75
 12-07      5.          0.000          0.000           175.          0.000          0.000            28.       0.00       7.75
 12-08      1.          0.000          0.000            45.          0.000          0.000             7.       0.00       7.75
 12-09      1.          0.000          0.000            24.          0.000          0.000             4.       0.00       7.75
 12-10      1.          0.000          0.000            14.          0.000          0.000             2.       0.00       7.75
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      3.          0.000          0.000           764.          0.000          0.000           122.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      3.          0.000          0.000           764.          0.000          0.000           122.       0.00       7.75

 Cumulative             0.000          0.000           312.
 Ultimate               0.000          0.000          1076.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.        627260.          0.     627260.               0.         23726.             603534.
 12-07             0.             0.        217649.          0.     217649.               0.          8233.             209416.
 12-08             0.             0.         56426.          0.      56426.               0.          2134.              54292.
 12-09             0.             0.         29365.          0.      29365.               0.          1111.              28255.
 12-10             0.             0.         17191.          0.      17191.               0.           650.              16541.
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.        947892.          0.     947892.               0.         35854.             912038.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.        947892.          0.     947892.               0.         35854.             912038.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06          24677.         10000.             0.             0.         34677.        568857.        568857.        546719.
 12-07          23315.             0.             0.             0.         23315.        186101.        754958.        162850.
 12-08           6805.             0.             0.             0.          6805.         47487.        802445.         37778.
 12-09           4774.             0.             0.             0.          4774.         23481.        825926.         16901.
 12-10           4376.             0.             0.             0.          4376.         12165.        838092.          7990.
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T          63946.         10000.             0.             0.         73946.        838092.        838092.        772238.
 After              0.             0.             0.             0.             0.             0.        838092.             0.
 Total          63946.         10000.             0.             0.         73946.        838092.        838092.        772238.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006

   GRAND SUMMARY                                                                                      TABLE 7
   SARGENT SOUTH FIELD
   PROVED UNDEVELOPED RESERVES                                                                      RESERVE TYPE
                                                                                                    PROVED UNDEVELOPED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL                                                                                                 10.0000       751.028
 FINAL                                                                                                   15.0000       639.814
                                                                                                         20.0000       549.246
                                                                                                         25.0000       474.748
                                                                                                         30.0000       412.905
                                                                                                         35.0000       361.137

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-07      1.          0.000          0.000           313.          0.000          0.000            50.       0.00       7.75
 12-08      2.          0.000          0.000           299.          0.000          0.000            48.       0.00       7.75
 12-09      2.          0.000          0.000           286.          0.000          0.000            46.       0.00       7.75
 12-10      2.          0.000          0.000           308.          0.000          0.000            49.       0.00       7.75
 12-11      1.          0.000          0.000            78.          0.000          0.000            12.       0.00       7.75
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      1.          0.000          0.000          1283.          0.000          0.000           205.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      1.          0.000          0.000          1283.          0.000          0.000           205.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000          1283.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.             0.          0.          0.               0.             0.                  0.
 12-07             0.             0.        388034.          0.     388034.           29103.         13577.             345355.
 12-08             0.             0.        370781.          0.     370781.           27809.         12973.             329999.
 12-09             0.             0.        354520.          0.     354520.           26589.         12404.             315527.
 12-10             0.             0.        381658.          0.     381658.           28624.         13353.             339680.
 12-11             0.             0.         96748.          0.      96748.            7256.          3385.              86107.
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.       1591741.          0.    1591741.          119381.         55692.            1416668.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.       1591741.          0.    1591741.          119381.         55692.            1416668.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06              0.             0.             0.             0.             0.             0.             0.             0.
 12-07           6800.        307000.             0.             0.        313800.         31555.         31555.         19003.
 12-08           9600.          7000.             0.             0.         16600.        313399.        344954.        246813.
 12-09           9600.             0.             0.             0.          9600.        305927.        650881.        219555.
 12-10           9600.             0.             0.             0.          9600.        330080.        980961.        216520.
 12-11           4400.             0.             0.             0.          4400.         81707.       1062668.         49137.
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T          40000.        314000.             0.             0.        354000.       1062668.       1062668.        751028.
 After              0.             0.             0.             0.             0.             0.       1062668.             0.
 Total          40000.        314000.             0.             0.        354000.       1062668.       1062668.        751028.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   GRAND SUMMARY                                                                                      TABLE 8
   SARGENT SOUTH FIELD
   POSSIBLE UNDEVELOPED RESERVES                                                                    RESERVE TYPE
                                                                                                    POSSIBLE UNDEVELOPED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL                                                                                                 10.0000      5611.747
 FINAL                                                                                                   15.0000      4065.883
                                                                                                         20.0000      3075.665
                                                                                                         25.0000      2404.777
                                                                                                         30.0000      1929.294
                                                                                                         35.0000      1579.856

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-07      0.          0.000          0.000           143.          0.000          0.000            23.       0.00       7.75
 12-08      4.          0.000          0.000          1156.          0.000          0.000           185.       0.00       7.75
 12-09      6.          0.000          0.000          1398.          0.000          0.000           224.       0.00       7.75
 12-10      6.          0.000          0.000           945.          0.000          0.000           151.       0.00       7.75
 12-11      6.          0.000          0.000           641.          0.000          0.000           103.       0.00       7.75
 12-12      5.          0.000          0.000           456.          0.000          0.000            73.       0.00       7.75
 12-13      5.          0.000          0.000          1306.          0.000          0.000           209.       0.00       7.75
 12-14      5.          0.000          0.000          1051.          0.000          0.000           168.       0.00       7.75
 12-15      5.          0.000          0.000           694.          0.000          0.000           111.       0.00       7.75
 12-16      4.          0.000          0.000           456.          0.000          0.000            73.       0.00       7.75
 12-17      4.          0.000          0.000           419.          0.000          0.000            67.       0.00       7.75
 12-18      4.          0.000          0.000           657.          0.000          0.000           105.       0.00       7.75
 12-19      3.          0.000          0.000           720.          0.000          0.000           115.       0.00       7.75
 12-20      3.          0.000          0.000           502.          0.000          0.000            80.       0.00       7.75

 Sub-T      4.          0.000          0.000         10546.          0.000          0.000          1687.       0.00       7.75
 After      2.          0.000          0.000          2357.          0.000          0.000           377.       0.00       7.75
 Total      3.          0.000          0.000         12903.          0.000          0.000          2064.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000         12903.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.             0.          0.          0.               0.             0.                  0.
 12-07             0.             0.        177415.          0.     177415.           13306.          6207.             157902.
 12-08             0.             0.       1434799.          0.    1434799.          107610.         50201.            1276988.
 12-09             0.             0.       1734347.          0.    1734347.          130076.         60682.            1543589.
 12-10             0.             0.       1172870.          0.    1172870.           87965.         41037.            1043869.
 12-11             0.             0.        795829.          0.     795829.           59687.         27845.             708297.
 12-12             0.             0.        565409.          0.     565409.           42406.         19783.             503221.
 12-13             0.             0.       1619663.          0.    1619663.          121475.         56669.            1441519.
 12-14             0.             0.       1304490.          0.    1304490.           97837.         45642.            1161012.
 12-15             0.             0.        861400.          0.     861400.           64605.         30139.             766656.
 12-16             0.             0.        566093.          0.     566093.           42457.         19807.             503829.
 12-17             0.             0.        520302.          0.     520302.           39023.         18204.             463075.
 12-18             0.             0.        815236.          0.     815236.           61143.         28524.             725569.
 12-19             0.             0.        893604.          0.     893604.           67020.         31266.             795318.
 12-20             0.             0.        622487.          0.     622487.           46687.         21780.             554021.

 Sub-T             0.             0.      13083945.          0.   13083945.          981296.        457783.           11644866.
 After             0.             0.       2924024.          0.    2924024.          219302.        102306.            2602416.
 Total             0.             0.      16007969.          0.   16007969.         1200597.        560089.           14247282.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06              0.             0.             0.             0.             0.             0.             0.             0.
 12-07           2000.        300000.             0.             0.        302000.       -144098.       -144098.       -122304.
 12-08          18400.        600000.             0.             0.        618400.        658589.        514490.        513874.
 12-09          28800.             0.             0.             0.         28800.       1514789.       2029280.       1088948.
 12-10          28800.             0.             0.             0.         28800.       1015069.       3044348.        663374.
 12-11          28800.         14000.             0.             0.         42800.        665497.       3709846.        395740.
 12-12          26000.         21000.             0.             0.         47000.        456221.       4166066.        245215.
 12-13          24000.             0.             0.             0.         24000.       1417519.       5583586.        692086.
 12-14          24000.             0.             0.             0.         24000.       1137012.       6720597.        507542.
 12-15          22400.             0.             0.             0.         22400.        744256.       7464854.        302247.
 12-16          19200.          7000.             0.             0.         26200.        477629.       7942482.        176184.
 12-17          19200.         14000.             0.             0.         33200.        429875.       8372358.        142989.
 12-18          18000.             0.             0.             0.         18000.        707569.       9079927.        213684.
 12-19          14400.             0.             0.             0.         14400.        780918.       9860845.        216384.
 12-20          14400.             0.             0.             0.         14400.        539621.      10400466.        135933.

 Sub-T         288400.        956000.             0.             0.       1244400.      10400466.      10400466.       5171896.
 After          82400.         14000.             0.             0.         96400.       2506016.      12906481.        439849.
 Total         370800.        970000.             0.             0.       1340800.      12906482.      12906481.       5611746.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 9
   OPER: CENTURY RESOURCES
   RESERVOIR: 6348`,5808`,5526`,364                                                                 RESERVE TYPE
   HAMILL & HAMILL LOC. 1 PSUD1                                                                     POSSIBLE UNDEVELOPED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000      1364.711
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000       948.926
                                                                                                         20.0000       700.623
 REMARKS                                                                                                 25.0000       541.277
                                                                                                         30.0000       432.750
                                                                                                         35.0000       355.174

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-07      1.          0.000          0.000           113.          0.000          0.000            18.       0.00       7.75
 12-08      1.          0.000          0.000           272.          0.000          0.000            44.       0.00       7.75
 12-09      1.          0.000          0.000           193.          0.000          0.000            31.       0.00       7.75
 12-10      1.          0.000          0.000           138.          0.000          0.000            22.       0.00       7.75
 12-11      1.          0.000          0.000            98.          0.000          0.000            16.       0.00       7.75
 12-12      1.          0.000          0.000            94.          0.000          0.000            15.       0.00       7.75
 12-13      1.          0.000          0.000           299.          0.000          0.000            48.       0.00       7.75
 12-14      1.          0.000          0.000           217.          0.000          0.000            35.       0.00       7.75
 12-15      1.          0.000          0.000           157.          0.000          0.000            25.       0.00       7.75
 12-16      1.          0.000          0.000           114.          0.000          0.000            18.       0.00       7.75
 12-17      1.          0.000          0.000            82.          0.000          0.000            13.       0.00       7.75
 12-18      1.          0.000          0.000           198.          0.000          0.000            32.       0.00       7.75
 12-19      1.          0.000          0.000           258.          0.000          0.000            41.       0.00       7.75
 12-20      1.          0.000          0.000           183.          0.000          0.000            29.       0.00       7.75

 Sub-T      1.          0.000          0.000          2416.          0.000          0.000           387.       0.00       7.75
 After      1.          0.000          0.000          1129.          0.000          0.000           181.       0.00       7.75
 Total      1.          0.000          0.000          3545.          0.000          0.000           567.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000          3545.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.             0.          0.          0.               0.             0.                  0.
 12-07             0.             0.        140720.          0.     140720.           10554.          4924.             125243.
 12-08             0.             0.        337703.          0.     337703.           25328.         11816.             300559.
 12-09             0.             0.        240055.          0.     240055.           18004.          8399.             213652.
 12-10             0.             0.        170643.          0.     170643.           12798.          5970.             151874.
 12-11             0.             0.        121301.          0.     121301.            9098.          4244.             107959.
 12-12             0.             0.        116833.          0.     116833.            8763.          4088.             103983.
 12-13             0.             0.        371484.          0.     371484.           27861.         12998.             330625.
 12-14             0.             0.        268870.          0.     268870.           20165.          9407.             239298.
 12-15             0.             0.        194601.          0.     194601.           14595.          6809.             173197.
 12-16             0.             0.        140847.          0.     140847.           10564.          4928.             125356.
 12-17             0.             0.        101942.          0.     101942.            7646.          3567.              90729.
 12-18             0.             0.        245263.          0.     245263.           18395.          8581.             218287.
 12-19             0.             0.        319628.          0.     319628.           23972.         11183.             284473.
 12-20             0.             0.        227646.          0.     227646.           17073.          7965.             202608.

 Sub-T             0.             0.       2997537.          0.    2997537.          224815.        104878.            2667844.
 After             0.             0.       1400531.          0.    1400531.          105040.         49002.            1246489.
 Total             0.             0.       4398068.          0.    4398068.          329855.        153880.            3914333.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06              0.             0.             0.             0.             0.             0.             0.             0.
 12-07           1600.        150000.             0.             0.        151600.        -26357.        -26357.        -24114.
 12-08           4800.             0.             0.             0.          4800.        295759.        269402.        233779.
 12-09           4800.             0.             0.             0.          4800.        208852.        478254.        150079.
 12-10           4800.             0.             0.             0.          4800.        147074.        625328.         96081.
 12-11           4800.          7000.             0.             0.         11800.         96159.        721488.         57285.
 12-12           4800.             0.             0.             0.          4800.         99183.        820671.         52880.
 12-13           4800.             0.             0.             0.          4800.        325825.       1146496.        159891.
 12-14           4800.             0.             0.             0.          4800.        234498.       1380993.        104614.
 12-15           4800.             0.             0.             0.          4800.        168397.       1549391.         68297.
 12-16           4800.             0.             0.             0.          4800.        120556.       1669947.         44450.
 12-17           4800.          7000.             0.             0.         11800.         78929.       1748876.         26465.
 12-18           4800.             0.             0.             0.          4800.        213487.       1962363.         63858.
 12-19           4800.             0.             0.             0.          4800.        279673.       2242036.         77480.
 12-20           4800.             0.             0.             0.          4800.        197808.       2439844.         49820.

 Sub-T          64000.        164000.             0.             0.        228000.       2439844.       2439844.       1160864.
 After          38000.          7000.             0.             0.         45000.       1201490.       3641333.        203847.
 Total         102000.        171000.             0.             0.        273000.       3641333.       3641333.       1364711.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 10
   OPER: CENTURY RESOURCES
   RESERVOIR: 6348`,5808`,5526`,364                                                                 RESERVE TYPE
   HAMILL & HAMILL LOC. 2 PSUD1                                                                     POSSIBLE UNDEVELOPED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000      1312.787
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000       908.072
                                                                                                         20.0000       665.662
 REMARKS                                                                                                 25.0000       510.082
                                                                                                         30.0000       404.324
                                                                                                         35.0000       328.975

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-07      1.          0.000          0.000            30.          0.000          0.000             5.       0.00       7.75
 12-08      1.          0.000          0.000           296.          0.000          0.000            47.       0.00       7.75
 12-09      1.          0.000          0.000           211.          0.000          0.000            34.       0.00       7.75
 12-10      1.          0.000          0.000           150.          0.000          0.000            24.       0.00       7.75
 12-11      1.          0.000          0.000           106.          0.000          0.000            17.       0.00       7.75
 12-12      1.          0.000          0.000            76.          0.000          0.000            12.       0.00       7.75
 12-13      1.          0.000          0.000           273.          0.000          0.000            44.       0.00       7.75
 12-14      1.          0.000          0.000           235.          0.000          0.000            38.       0.00       7.75
 12-15      1.          0.000          0.000           170.          0.000          0.000            27.       0.00       7.75
 12-16      1.          0.000          0.000           123.          0.000          0.000            20.       0.00       7.75
 12-17      1.          0.000          0.000            89.          0.000          0.000            14.       0.00       7.75
 12-18      1.          0.000          0.000           136.          0.000          0.000            22.       0.00       7.75
 12-19      1.          0.000          0.000           268.          0.000          0.000            43.       0.00       7.75
 12-20      1.          0.000          0.000           180.          0.000          0.000            29.       0.00       7.75

 Sub-T      1.          0.000          0.000          2344.          0.000          0.000           375.       0.00       7.75
 After      1.          0.000          0.000          1067.          0.000          0.000           171.       0.00       7.75
 Total      1.          0.000          0.000          3411.          0.000          0.000           546.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000          3411.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.             0.          0.          0.               0.             0.                  0.
 12-07             0.             0.         36695.          0.      36695.            2752.          1284.              32659.
 12-08             0.             0.        367782.          0.     367782.           27584.         12868.             327330.
 12-09             0.             0.        261437.          0.     261437.           19608.          9147.             232682.
 12-10             0.             0.        185842.          0.     185842.           13938.          6502.             165402.
 12-11             0.             0.        132105.          0.     132105.            9908.          4622.             117575.
 12-12             0.             0.         93907.          0.      93907.            7043.          3286.              83578.
 12-13             0.             0.        339038.          0.     339038.           25428.         11862.             301748.
 12-14             0.             0.        291502.          0.     291502.           21863.         10199.             259440.
 12-15             0.             0.        210982.          0.     210982.           15824.          7382.             187776.
 12-16             0.             0.        152703.          0.     152703.           11453.          5343.             135908.
 12-17             0.             0.        110523.          0.     110523.            8289.          3867.              98366.
 12-18             0.             0.        168607.          0.     168607.           12645.          5899.             150062.
 12-19             0.             0.        333082.          0.     333082.           24981.         11654.             296447.
 12-20             0.             0.        223272.          0.     223272.           16745.          7812.             198714.

 Sub-T             0.             0.       2907476.          0.    2907476.          218061.        101727.            2587688.
 After             0.             0.       1324346.          0.    1324346.           99326.         46336.            1178684.
 Total             0.             0.       4231822.          0.    4231822.          317387.        148064.            3766372.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06              0.             0.             0.             0.             0.             0.             0.             0.
 12-07            400.        150000.             0.             0.        150400.       -117741.       -117741.        -98189.
 12-08           4800.             0.             0.             0.          4800.        322530.        204789.        254938.
 12-09           4800.             0.             0.             0.          4800.        227882.        432671.        163753.
 12-10           4800.             0.             0.             0.          4800.        160602.        593273.        104917.
 12-11           4800.             0.             0.             0.          4800.        112775.        706048.         66978.
 12-12           4800.          7000.             0.             0.         11800.         71778.        777826.         38647.
 12-13           4800.             0.             0.             0.          4800.        296948.       1074774.        144676.
 12-14           4800.             0.             0.             0.          4800.        254640.       1329415.        113600.
 12-15           4800.             0.             0.             0.          4800.        182976.       1512391.         74210.
 12-16           4800.             0.             0.             0.          4800.        131108.       1643498.         48341.
 12-17           4800.          7000.             0.             0.         11800.         86566.       1730065.         29080.
 12-18           4800.             0.             0.             0.          4800.        145262.       1875327.         43357.
 12-19           4800.             0.             0.             0.          4800.        291647.       2166974.         80836.
 12-20           4800.             0.             0.             0.          4800.        193914.       2360888.         48863.

 Sub-T          62800.        164000.             0.             0.        226800.       2360888.       2360888.       1114006.
 After          35200.          7000.             0.             0.         42200.       1136484.       3497372.        198781.
 Total          98000.        171000.             0.             0.        269000.       3497372.       3497372.       1312787.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 11
   OPER: CENTURY RESOURCES
   RESERVOIR: 5808`,5526`                                                                           RESERVE TYPE
   HAMILL & HAMILL LOC. 3 PSUD1                                                                     POSSIBLE UNDEVELOPED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000       921.160
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000       698.487
                                                                                                         20.0000       542.664
 REMARKS                                                                                                 25.0000       430.608
                                                                                                         30.0000       348.026
                                                                                                         35.0000       285.813

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-07      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-08      1.          0.000          0.000           257.          0.000          0.000            41.       0.00       7.75
 12-09      1.          0.000          0.000           219.          0.000          0.000            35.       0.00       7.75
 12-10      1.          0.000          0.000           150.          0.000          0.000            24.       0.00       7.75
 12-11      1.          0.000          0.000           102.          0.000          0.000            16.       0.00       7.75
 12-12      1.          0.000          0.000            95.          0.000          0.000            15.       0.00       7.75
 12-13      1.          0.000          0.000           302.          0.000          0.000            48.       0.00       7.75
 12-14      1.          0.000          0.000           223.          0.000          0.000            36.       0.00       7.75
 12-15      1.          0.000          0.000           164.          0.000          0.000            26.       0.00       7.75
 12-16      1.          0.000          0.000           121.          0.000          0.000            19.       0.00       7.75
 12-17      1.          0.000          0.000            89.          0.000          0.000            14.       0.00       7.75
 12-18      1.          0.000          0.000            51.          0.000          0.000             8.       0.00       7.75
 12-19
 12-20

 Sub-T      1.          0.000          0.000          1772.          0.000          0.000           284.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      1.          0.000          0.000          1772.          0.000          0.000           284.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000          1772.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.             0.          0.          0.               0.             0.                  0.
 12-07             0.             0.             0.          0.          0.               0.             0.                  0.
 12-08             0.             0.        319172.          0.     319172.           23938.         11167.             284067.
 12-09             0.             0.        271145.          0.     271145.           20336.          9487.             241322.
 12-10             0.             0.        185650.          0.     185650.           13924.          6496.             165231.
 12-11             0.             0.        127113.          0.     127113.            9533.          4447.             113132.
 12-12             0.             0.        117721.          0.     117721.            8829.          4119.             104773.
 12-13             0.             0.        375051.          0.     375051.           28129.         13122.             333800.
 12-14             0.             0.        276149.          0.     276149.           20711.          9662.             245776.
 12-15             0.             0.        203327.          0.     203327.           15250.          7114.             180964.
 12-16             0.             0.        149709.          0.     149709.           11228.          5238.             133243.
 12-17             0.             0.        110230.          0.     110230.            8267.          3857.              98106.
 12-18             0.             0.         63138.          0.      63138.            4735.          2209.              56194.
 12-19
 12-20

 Sub-T             0.             0.       2198405.          0.    2198405.          164880.         76918.            1956606.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.       2198405.          0.    2198405.          164880.         76918.            1956606.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06              0.             0.             0.             0.             0.             0.             0.             0.
 12-07              0.             0.             0.             0.             0.             0.             0.             0.
 12-08           4000.        150000.             0.             0.        154000.        130067.        130067.         97445.
 12-09           4800.             0.             0.             0.          4800.        236522.        366589.        170012.
 12-10           4800.             0.             0.             0.          4800.        160431.        527020.        104837.
 12-11           4800.          7000.             0.             0.         11800.        101332.        628352.         60376.
 12-12           4800.             0.             0.             0.          4800.         99973.        728325.         53317.
 12-13           4800.             0.             0.             0.          4800.        329000.       1057324.        161426.
 12-14           4800.             0.             0.             0.          4800.        240976.       1298300.        107489.
 12-15           4800.             0.             0.             0.          4800.        176164.       1474463.         71437.
 12-16           4800.             0.             0.             0.          4800.        128443.       1602906.         47352.
 12-17           4800.             0.             0.             0.          4800.         93306.       1696212.         31272.
 12-18           3600.             0.             0.             0.          3600.         52594.       1748806.         16196.
 12-19
 12-20

 Sub-T          50800.        157000.             0.             0.        207800.       1748806.       1748806.        921160.
 After              0.             0.             0.             0.             0.             0.       1748806.             0.
 Total          50800.        157000.             0.             0.        207800.       1748806.       1748806.        921160.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 12
   OPER: CENTURY RESOURCES
   RESERVOIR: 6348`,5808`                                                                           RESERVE TYPE
   HAMILL & HAMILL LOC. 4 PSUD1                                                                     POSSIBLE UNDEVELOPED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000       667.815
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000       525.221
                                                                                                         20.0000       420.111
 REMARKS                                                                                                 25.0000       341.085
                                                                                                         30.0000       280.606
                                                                                                         35.0000       233.569

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-07      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-08      1.          0.000          0.000           188.          0.000          0.000            30.       0.00       7.75
 12-09      1.          0.000          0.000           240.          0.000          0.000            38.       0.00       7.75
 12-10      1.          0.000          0.000           165.          0.000          0.000            26.       0.00       7.75
 12-11      1.          0.000          0.000           113.          0.000          0.000            18.       0.00       7.75
 12-12      1.          0.000          0.000            77.          0.000          0.000            12.       0.00       7.75
 12-13      1.          0.000          0.000           236.          0.000          0.000            38.       0.00       7.75
 12-14      1.          0.000          0.000           142.          0.000          0.000            23.       0.00       7.75
 12-15      1.          0.000          0.000            51.          0.000          0.000             8.       0.00       7.75
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      1.          0.000          0.000          1212.          0.000          0.000           194.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      1.          0.000          0.000          1212.          0.000          0.000           194.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000          1212.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.             0.          0.          0.               0.             0.                  0.
 12-07             0.             0.             0.          0.          0.               0.             0.                  0.
 12-08             0.             0.        233759.          0.     233759.           17532.          8179.             208048.
 12-09             0.             0.        298076.          0.     298076.           22356.         10429.             265291.
 12-10             0.             0.        204090.          0.     204090.           15307.          7141.             181643.
 12-11             0.             0.        139739.          0.     139739.           10480.          4889.             124369.
 12-12             0.             0.         95678.          0.      95678.            7176.          3348.              85154.
 12-13             0.             0.        293193.          0.     293193.           21989.         10258.             260945.
 12-14             0.             0.        176006.          0.     176006.           13200.          6158.             156648.
 12-15             0.             0.         63115.          0.      63115.            4734.          2208.              56173.
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.       1503656.          0.    1503656.          112774.         52610.            1338271.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.       1503656.          0.    1503656.          112774.         52610.            1338271.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06              0.             0.             0.             0.             0.             0.             0.             0.
 12-07              0.             0.             0.             0.             0.             0.             0.             0.
 12-08           2800.        150000.             0.             0.        152800.         55248.         55248.         39593.
 12-09           4800.             0.             0.             0.          4800.        260491.        315739.        187240.
 12-10           4800.             0.             0.             0.          4800.        176843.        492582.        115561.
 12-11           4800.             0.             0.             0.          4800.        119569.        612151.         71034.
 12-12           4800.          7000.             0.             0.         11800.         73354.        685505.         39511.
 12-13           4800.             0.             0.             0.          4800.        256145.        941650.        125085.
 12-14           4800.             0.             0.             0.          4800.        151848.       1093498.         67957.
 12-15           3200.             0.             0.             0.          3200.         52973.       1146472.         21833.
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T          34800.        157000.             0.             0.        191800.       1146472.       1146472.        667815.
 After              0.             0.             0.             0.             0.             0.       1146472.             0.
 Total          34800.        157000.             0.             0.        191800.       1146472.       1146472.        667815.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 13
   OPER: CENTURY RESOURCES
   RESERVOIR: 6348`,5808`,5526`                                                                     RESERVE TYPE
   HAMILL & HAMILL LOC. 5 PSUD1                                                                     POSSIBLE UNDEVELOPED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000      1033.159
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000       729.531
                                                                                                         20.0000       535.263
 REMARKS                                                                                                 25.0000       405.530
                                                                                                         30.0000       315.565
                                                                                                         35.0000       251.088

                  -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-07      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-08      1.          0.000          0.000           113.          0.000          0.000            18.       0.00       7.75
 12-09      1.          0.000          0.000           265.          0.000          0.000            42.       0.00       7.75
 12-10      1.          0.000          0.000           182.          0.000          0.000            29.       0.00       7.75
 12-11      1.          0.000          0.000           125.          0.000          0.000            20.       0.00       7.75
 12-12      1.          0.000          0.000            86.          0.000          0.000            14.       0.00       7.75
 12-13      1.          0.000          0.000           194.          0.000          0.000            31.       0.00       7.75
 12-14      1.          0.000          0.000           235.          0.000          0.000            38.       0.00       7.75
 12-15      1.          0.000          0.000           153.          0.000          0.000            24.       0.00       7.75
 12-16      1.          0.000          0.000            99.          0.000          0.000            16.       0.00       7.75
 12-17      1.          0.000          0.000           159.          0.000          0.000            25.       0.00       7.75
 12-18      1.          0.000          0.000           273.          0.000          0.000            44.       0.00       7.75
 12-19      1.          0.000          0.000           194.          0.000          0.000            31.       0.00       7.75
 12-20      1.          0.000          0.000           138.          0.000          0.000            22.       0.00       7.75

 Sub-T      1.          0.000          0.000          2216.          0.000          0.000           355.       0.00       7.75
 After      1.          0.000          0.000           161.          0.000          0.000            26.       0.00       7.75
 Total      1.          0.000          0.000          2377.          0.000          0.000           380.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000          2377.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.             0.          0.          0.               0.             0.                  0.
 12-07             0.             0.             0.          0.          0.               0.             0.                  0.
 12-08             0.             0.        139948.          0.     139948.           10496.          4897.             124555.
 12-09             0.             0.        328680.          0.     328680.           24651.         11500.             292529.
 12-10             0.             0.        225898.          0.     225898.           16942.          7904.             201052.
 12-11             0.             0.        155257.          0.     155257.           11644.          5432.             138181.
 12-12             0.             0.        106707.          0.     106707.            8003.          3733.              94970.
 12-13             0.             0.        240897.          0.     240897.           18067.          8429.             214401.
 12-14             0.             0.        291963.          0.     291963.           21897.         10215.             259851.
 12-15             0.             0.        189375.          0.     189375.           14203.          6626.             168546.
 12-16             0.             0.        122833.          0.     122833.            9212.          4298.             109323.
 12-17             0.             0.        197607.          0.     197607.           14821.          6914.             175873.
 12-18             0.             0.        338228.          0.     338228.           25367.         11834.             301027.
 12-19             0.             0.        240893.          0.     240893.           18067.          8428.             214398.
 12-20             0.             0.        171569.          0.     171569.           12868.          6003.             152699.

 Sub-T             0.             0.       2749856.          0.    2749856.          206239.         96212.            2447404.
 After             0.             0.        199147.          0.     199147.           14936.          6968.             177243.
 Total             0.             0.       2949002.          0.    2949002.          221175.        103180.            2624646.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06              0.             0.             0.             0.             0.             0.             0.             0.
 12-07              0.             0.             0.             0.             0.             0.             0.             0.
 12-08           1600.        150000.             0.             0.        151600.        -27045.        -27045.        -22445.
 12-09           4800.             0.             0.             0.          4800.        287729.        260684.        206811.
 12-10           4800.             0.             0.             0.          4800.        196252.        456936.        128239.
 12-11           4800.             0.             0.             0.          4800.        133381.        590317.         79236.
 12-12           4800.          7000.             0.             0.         11800.         83170.        673487.         44932.
 12-13           4800.             0.             0.             0.          4800.        209601.        883088.        101008.
 12-14           4800.             0.             0.             0.          4800.        255051.       1138139.        113882.
 12-15           4800.             0.             0.             0.          4800.        163746.       1301885.         66469.
 12-16           4800.          7000.             0.             0.         11800.         97523.       1399408.         36041.
 12-17           4800.             0.             0.             0.          4800.        171073.       1570480.         56172.
 12-18           4800.             0.             0.             0.          4800.        296227.       1866707.         90273.
 12-19           4800.             0.             0.             0.          4800.        209598.       2076305.         58068.
 12-20           4800.             0.             0.             0.          4800.        147899.       2224204.         37250.

 Sub-T          59200.        164000.             0.             0.        223200.       2224204.       2224204.        995938.
 After           9200.             0.             0.             0.          9200.        168043.       2392247.         37221.
 Total          68400.        164000.             0.             0.        232400.       2392247.       2392247.       1033158.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 14
   OPER: CENTURY RESOURCES
   RESERVOIR: 6348`                                                                                 RESERVE TYPE
   HAMILL & HAMILL LOC. 6 PSUD1                                                                     POSSIBLE UNDEVELOPED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000       312.115
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000       255.646
                                                                                                         20.0000       211.341
 REMARKS                                                                                                 25.0000       176.192
                                                                                                         30.0000       148.023
                                                                                                         35.0000       125.236

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-07      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-08      1.          0.000          0.000            29.          0.000          0.000             5.       0.00       7.75
 12-09      1.          0.000          0.000           270.          0.000          0.000            43.       0.00       7.75
 12-10      1.          0.000          0.000           162.          0.000          0.000            26.       0.00       7.75
 12-11      1.          0.000          0.000            97.          0.000          0.000            16.       0.00       7.75
 12-12      1.          0.000          0.000            28.          0.000          0.000             4.       0.00       7.75
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      1.          0.000          0.000           586.          0.000          0.000            94.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      1.          0.000          0.000           586.          0.000          0.000            94.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000           586.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.             0.          0.          0.               0.             0.                  0.
 12-07             0.             0.             0.          0.          0.               0.             0.                  0.
 12-08             0.             0.         36436.          0.      36436.            2733.          1275.              32429.
 12-09             0.             0.        334954.          0.     334954.           25122.         11719.             298113.
 12-10             0.             0.        200747.          0.     200747.           15056.          7024.             178668.
 12-11             0.             0.        120314.          0.     120314.            9024.          4210.             107081.
 12-12             0.             0.         34564.          0.      34564.            2592.          1209.              30762.
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.        727015.          0.     727015.           54526.         25437.             647052.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.        727015.          0.     727015.           54526.         25437.             647052.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06              0.             0.             0.             0.             0.             0.             0.             0.
 12-07              0.             0.             0.             0.             0.             0.             0.             0.
 12-08            400.        150000.             0.             0.        150400.       -117971.       -117971.        -89436.
 12-09           4800.             0.             0.             0.          4800.        293313.        175342.        211053.
 12-10           4800.             0.             0.             0.          4800.        173868.        349209.        113738.
 12-11           4800.             0.             0.             0.          4800.        102281.        451490.         60831.
 12-12           2000.             0.             0.             0.          2000.         28762.        480252.         15929.
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T          16800.        150000.             0.             0.        166800.        480252.        480252.        312115.
 After              0.             0.             0.             0.             0.             0.        480252.             0.
 Total          16800.        150000.             0.             0.        166800.        480252.        480252.        312115.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 15
   OPER: CENTURY RES INC
   RESERVOIR: MIOCENE 5944-5946                                                                     RESERVE TYPE
   HAMILL & HAMILL NO. 02                                                                           PROVED PRODUCING

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000       378.935
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000       369.684
                                                                                                         20.0000       361.188
 REMARKS                                                                                                 25.0000       353.353
                                                                                                         30.0000       346.103
                                                                                                         35.0000       339.370

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      1.          0.000          0.000           276.          0.000          0.000            44.       0.00       7.75
 12-07      1.          0.000          0.000            63.          0.000          0.000            10.       0.00       7.75
 12-08      1.          0.000          0.000             6.          0.000          0.000             1.       0.00       7.75
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      1.          0.000          0.000           345.          0.000          0.000            55.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      1.          0.000          0.000           345.          0.000          0.000            55.       0.00       7.75

 Cumulative             0.000          0.000           101.
 Ultimate               0.000          0.000           446.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.        342725.          0.     342725.               0.         12964.             329761.
 12-07             0.             0.         77790.          0.      77790.               0.          2942.              74847.
 12-08             0.             0.          6893.          0.       6893.               0.           261.               6633.
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.        427408.          0.     427408.               0.         16167.             411241.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.        427408.          0.     427408.               0.         16167.             411241.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06           4918.             0.             0.             0.          4918.        324844.        324844.        313132.
 12-07           4918.             0.             0.             0.          4918.         69930.        394773.         61387.
 12-08           1229.             0.             0.             0.          1229.          5403.        400177.          4416.
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T          11065.             0.             0.             0.         11065.        400177.        400177.        378935.
 After              0.             0.             0.             0.             0.             0.        400177.             0.
 Total          11065.             0.             0.             0.         11065.        400177.        400177.        378935.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 16
   OPER: CENTURY RES INC
   RESERVOIR: MIOCENE 3270-3273                                                                     RESERVE TYPE
   HAMILL & HAMILL NO. 10                                                                           PROVED PRODUCING

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000       220.164
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000       207.336
                                                                                                         20.0000       196.209
 REMARKS                                                                                                 25.0000       186.476
                                                                                                         30.0000       177.898
                                                                                                         35.0000       170.282

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      1.          0.000          0.000            96.          0.000          0.000            15.       0.00       7.75
 12-07      1.          0.000          0.000            60.          0.000          0.000            10.       0.00       7.75
 12-08      1.          0.000          0.000            38.          0.000          0.000             6.       0.00       7.75
 12-09      1.          0.000          0.000            24.          0.000          0.000             4.       0.00       7.75
 12-10      1.          0.000          0.000            14.          0.000          0.000             2.       0.00       7.75
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      1.          0.000          0.000           231.          0.000          0.000            37.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      1.          0.000          0.000           231.          0.000          0.000            37.       0.00       7.75

 Cumulative             0.000          0.000            26.
 Ultimate               0.000          0.000           257.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.        118982.          0.     118982.               0.          4500.             114482.
 12-07             0.             0.         74633.          0.      74633.               0.          2823.              71810.
 12-08             0.             0.         46815.          0.      46815.               0.          1771.              45044.
 12-09             0.             0.         29365.          0.      29365.               0.          1111.              28255.
 12-10             0.             0.         17191.          0.      17191.               0.           650.              16541.
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.        286987.          0.     286987.               0.         10855.             276132.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.        286987.          0.     286987.               0.         10855.             276132.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06           4774.             0.             0.             0.          4774.        109708.        109708.        105042.
 12-07           4774.             0.             0.             0.          4774.         67037.        176745.         58357.
 12-08           4774.             0.             0.             0.          4774.         40271.        217015.         31875.
 12-09           4774.             0.             0.             0.          4774.         23481.        240496.         16901.
 12-10           4376.             0.             0.             0.          4376.         12165.        252662.          7990.
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T          23470.             0.             0.             0.         23470.        252662.        252662.        220164.
 After              0.             0.             0.             0.             0.             0.        252662.             0.
 Total          23470.             0.             0.             0.         23470.        252662.        252662.        220164.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 17
   OPER: CENTURY RES INC
   RESERVOIR: MIOCENE 3435                                                                          RESERVE TYPE
   HAMILL & HAMILL NO. 10 - DEP                                                                     PROVED PRODUCING

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.0000000  0.0000000   0.0000000  0.0000000            0.00       0.00        0.00         10.0000         0.000
 FINAL        0.0000000  0.0000000   0.0000000  0.0000000            0.00       0.00        0.00         15.0000         0.000
                                                                                                         20.0000         0.000
 REMARKS                                                                                                 25.0000         0.000
                                                                                                         30.0000         0.000
                                                                                                         35.0000         0.000

                  -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06
 12-07
 12-08
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000             0.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06
 12-07
 12-08
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.             0.          0.          0.               0.             0.                  0.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.             0.          0.          0.               0.             0.                  0.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06
 12-07
 12-08
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T              0.             0.             0.             0.             0.             0.             0.             0.
 After              0.             0.             0.             0.             0.             0.             0.             0.
 Total              0.             0.             0.             0.             0.             0.             0.             0.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 18
   OPER: CENTURY RES INC
   RESERVOIR: MIOCENE 2760-2763                                                                     RESERVE TYPE
   HAMILL & HAMILL NO. 11                                                                           PROVED PRODUCING

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000        49.744
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000        48.082
                                                                                                         20.0000        46.557
 REMARKS                                                                                                 25.0000        45.150
                                                                                                         30.0000        43.850
                                                                                                         35.0000        42.643

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      1.          0.000          0.000            44.          0.000          0.000             7.       0.00       7.75
 12-07      1.          0.000          0.000            16.          0.000          0.000             3.       0.00       7.75
 12-08
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      1.          0.000          0.000            60.          0.000          0.000            10.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      1.          0.000          0.000            60.          0.000          0.000            10.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000            60.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.         54907.          0.      54907.               0.          2077.              52830.
 12-07             0.             0.         19899.          0.      19899.               0.           753.              19146.
 12-08
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.         74805.          0.      74805.               0.          2830.              71976.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.         74805.          0.      74805.               0.          2830.              71976.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06           4409.         10000.             0.             0.         14409.         38421.         38421.         36420.
 12-07           4008.             0.             0.             0.          4008.         15138.         53559.         13324.
 12-08
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T           8417.         10000.             0.             0.         18417.         53559.         53559.         49744.
 After              0.             0.             0.             0.             0.             0.         53559.             0.
 Total           8417.         10000.             0.             0.         18417.         53559.         53559.         49744.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 19
   OPER: CENTURY RES INC
   RESERVOIR: MIOCENE 4204-4214                                                                     RESERVE TYPE
   HAMILL & HAMILL NO. 14                                                                           PROVED PRODUCING

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000        71.755
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000        69.549
                                                                                                         20.0000        67.537
 REMARKS                                                                                                 25.0000        65.695
                                                                                                         30.0000        64.002
                                                                                                         35.0000        62.439

                  -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      1.          0.000          0.000            49.          0.000          0.000             8.       0.00       7.75
 12-07      1.          0.000          0.000            22.          0.000          0.000             3.       0.00       7.75
 12-08      1.          0.000          0.000             2.          0.000          0.000             0.       0.00       7.75
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      1.          0.000          0.000            73.          0.000          0.000            12.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      1.          0.000          0.000            73.          0.000          0.000            12.       0.00       7.75

 Cumulative             0.000          0.000            32.
 Ultimate               0.000          0.000           106.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.         61045.          0.      61045.               0.          2309.              58736.
 12-07             0.             0.         26976.          0.      26976.               0.          1020.              25956.
 12-08             0.             0.          2718.          0.       2718.               0.           103.               2615.
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.         90739.          0.      90739.               0.          3432.              87307.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.         90739.          0.      90739.               0.          3432.              87307.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06           4812.             0.             0.             0.          4812.         53924.         53924.         51791.
 12-07           4812.             0.             0.             0.          4812.         21144.         75067.         18478.
 12-08            802.             0.             0.             0.           802.          1813.         76881.          1487.
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T          10426.             0.             0.             0.         10426.         76881.         76881.         71755.
 After              0.             0.             0.             0.             0.             0.         76881.             0.
 Total          10426.             0.             0.             0.         10426.         76881.         76881.         71755.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 20
   OPER: CENTURY RES INC
   RESERVOIR: MIOCENE 4230-4233                                                                     RESERVE TYPE
   HAMILL & HAMILL NO. 17                                                                           PROVED PRODUCING

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000        51.640
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000        50.257
                                                                                                         20.0000        48.988
 REMARKS                                                                                                 25.0000        47.818
                                                                                                         30.0000        46.737
                                                                                                         35.0000        45.733

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      1.          0.000          0.000            40.          0.000          0.000             6.       0.00       7.75
 12-07      1.          0.000          0.000            15.          0.000          0.000             2.       0.00       7.75
 12-08
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      1.          0.000          0.000            55.          0.000          0.000             9.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      1.          0.000          0.000            55.          0.000          0.000             9.       0.00       7.75

 Cumulative             0.000          0.000            45.
 Ultimate               0.000          0.000           100.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.         49602.          0.      49602.               0.          1876.              47726.
 12-07             0.             0.         18351.          0.      18351.               0.           694.              17657.
 12-08
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.         67953.          0.      67953.               0.          2570.              65383.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.         67953.          0.      67953.               0.          2570.              65383.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06           5765.             0.             0.             0.          5765.         41961.         41961.         40334.
 12-07           4804.             0.             0.             0.          4804.         12853.         54814.         11306.
 12-08
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T          10569.             0.             0.             0.         10569.         54814.         54814.         51640.
 After              0.             0.             0.             0.             0.             0.         54814.             0.
 Total          10569.             0.             0.             0.         10569.         54814.         54814.         51640.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 21
   OPER: CENTURY RES INC
   RESERVOIR: MIOCENE 4300                                                                          RESERVE TYPE
   HAMILL & HAMILL NO. 19                                                                           PROVED PRODUCING

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.0000000  0.0000000   0.0000000  0.0000000            0.00       0.00        7.75         10.0000         0.000
 FINAL        0.0000000  0.0000000   0.0000000  0.0000000            0.00       0.00        0.00         15.0000         0.000
                                                                                                         20.0000         0.000
 REMARKS                                                                                                 25.0000         0.000
                                                                                                         30.0000         0.000
                                                                                                         35.0000         0.000

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06
 12-07
 12-08
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00

 Cumulative             0.000          0.000           107.
 Ultimate               0.000          0.000           107.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06
 12-07
 12-08
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.             0.          0.          0.               0.             0.                  0.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.             0.          0.          0.               0.             0.                  0.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06
 12-07
 12-08
 12-09
 12-10
 12-11
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T              0.             0.             0.             0.             0.             0.             0.             0.
 After              0.             0.             0.             0.             0.             0.             0.             0.
 Total              0.             0.             0.             0.             0.             0.             0.             0.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 22
   OPER: CENTURY RESOURCES
   RESERVOIR: 4220 & 4170                                                                           RESERVE TYPE
   HAMILL & HAMILL NO. 21                                                                           PROVED UNDEVELOPED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000       306.830
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000       261.906
                                                                                                         20.0000       224.951
 REMARKS                                                                                                 25.0000       194.282
                                                                                                         30.0000       168.625
                                                                                                         35.0000       147.002

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-07      1.          0.000          0.000           142.          0.000          0.000            23.       0.00       7.75
 12-08      1.          0.000          0.000           132.          0.000          0.000            21.       0.00       7.75
 12-09      1.          0.000          0.000           181.          0.000          0.000            29.       0.00       7.75
 12-10      1.          0.000          0.000            90.          0.000          0.000            14.       0.00       7.75
 12-11      1.          0.000          0.000             3.          0.000          0.000             1.       0.00       7.75
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      1.          0.000          0.000           549.          0.000          0.000            88.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      1.          0.000          0.000           549.          0.000          0.000            88.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000           549.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.             0.          0.          0.               0.             0.                  0.
 12-07             0.             0.        175968.          0.     175968.           13198.          6157.             156613.
 12-08             0.             0.        164083.          0.     164083.           12306.          5741.             146036.
 12-09             0.             0.        225057.          0.     225057.           16879.          7874.             200303.
 12-10             0.             0.        112020.          0.     112020.            8402.          3919.              99699.
 12-11             0.             0.          3983.          0.       3983.             299.           139.               3545.
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.        681111.          0.     681111.           51083.         23831.             606197.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.        681111.          0.     681111.           51083.         23831.             606197.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06              0.             0.             0.             0.             0.             0.             0.             0.
 12-07           4000.        157000.             0.             0.        161000.         -4387.         -4387.         -8275.
 12-08           4800.             0.             0.             0.          4800.        141236.        136849.        110095.
 12-09           4800.             0.             0.             0.          4800.        195503.        332352.        140886.
 12-10           4800.             0.             0.             0.          4800.         94899.        427252.         62179.
 12-11            400.             0.             0.             0.           400.          3145.        430397.          1945.
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T          18800.        157000.             0.             0.        175800.        430397.        430397.        306830.
 After              0.             0.             0.             0.             0.             0.        430397.             0.
 Total          18800.        157000.             0.             0.        175800.        430397.        430397.        306830.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT

R.A.LENSER & ASSOCIATES                      AQUATIC CELLULOSE INTERNATIONAL CORP.
     HOUSTON, TEXAS                            ESTIMATED RESERVES AND ECONOMICS
                                         ATTRIBUTABLE TO CERTAIN LEASEHOLD INTERESTS
                                                    AS OF JANUARY 1, 2006
   SARGENT SOUTH , MATAGORDA CTY, TX                                                                  TABLE 23
   OPER: CENTURY RESOURCES
   RESERVOIR: 2750` & 4040`                                                                         RESERVE TYPE
   HAMILL & HAMILL NO. 22                                                                           PROVED UNDEVELOPED

               ----------  REVENUE INTERESTS  ----------          --------PRODUCT PRICES--------          -FUTURE NET INCOME-
               Expense      Oil/       Plant                      Oil/Cond  Plt. Prod.     Gas            Discount     Income
               Interest     Cond.     Products     Gas             $/Bbl      $/Bbl       $/Mcf            Rate          M$
               --------  ----------   --------   -------           ------     ------      ------          --------------------
 INITIAL      0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         10.0000       444.198
 FINAL        0.2000000  0.0000000   0.0000000  0.1600000            0.00       0.00        7.75         15.0000       377.909
                                                                                                         20.0000       324.296
 REMARKS                                                                                                 25.0000       280.466
                                                                                                         30.0000       244.280
                                                                                                         35.0000       214.135

                 -------ESTIMATED 8/8 THS PRODUCTION-------     ---------COMPANY NET PRODUCTION---------    --AVERAGE PRICES--

 -END-
 MO-YR   WELLS     Oil/Cond      Plant Prod.        Gas          Oil/Cond     Plant Prod.      Sales Gas     Oil/Co     Gas
 -----  ------   ----MBbls---   ----MBbls---     ---MMCF---     ---MBbls--     ---MBbls--      ---MMCF--    --$/bbl  --$/MCF--
 12-06      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 12-07      1.          0.000          0.000           171.          0.000          0.000            27.       0.00       7.75
 12-08      1.          0.000          0.000           167.          0.000          0.000            27.       0.00       7.75
 12-09      1.          0.000          0.000           104.          0.000          0.000            17.       0.00       7.75
 12-10      1.          0.000          0.000           217.          0.000          0.000            35.       0.00       7.75
 12-11      1.          0.000          0.000            75.          0.000          0.000            12.       0.00       7.75
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T      1.          0.000          0.000           734.          0.000          0.000           117.       0.00       7.75
 After      0.          0.000          0.000             0.          0.000          0.000             0.       0.00       0.00
 Total      1.          0.000          0.000           734.          0.000          0.000           117.       0.00       7.75

 Cumulative             0.000          0.000             0.
 Ultimate               0.000          0.000           734.

         -------------------COMPANY FUTURE GROSS REVENUE-------------------      ---- PROD & ADV TAXES ----     ----REVENUE----

 -END-
 MO-YR    Oil/Cond     Plt. Products        Gas        Other       Total           SEV TAX         ADV TAX      AFTER SEV & ADV
 -----   -----$------   -----$------    -----$-----  ----$-----  ----$-----      -----$-----    ------$----     -------$-------
 12-06             0.             0.             0.          0.          0.               0.             0.                  0.
 12-07             0.             0.        212066.          0.     212066.           15905.          7420.             188742.
 12-08             0.             0.        206698.          0.     206698.           15502.          7232.             183964.
 12-09             0.             0.        129463.          0.     129463.            9710.          4530.             115223.
 12-10             0.             0.        269638.          0.     269638.           20223.          9434.             239981.
 12-11             0.             0.         92765.          0.      92765.            6957.          3246.              82562.
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T             0.             0.        910630.          0.     910630.           68297.         31861.             810471.
 After             0.             0.             0.          0.          0.               0.             0.                  0.
 Total             0.             0.        910630.          0.     910630.           68297.         31861.             810471.

         ------------------------------ DEDUCTIONS -------------------------------  ---FUTURE NET INCOME BEFORE INCOME TAXES---

 -END-     Operating     Development    Abandonment                                         Undiscounted            Discounted
 MO-YR       Costs          Costs          Costs          Other          Total          Annual      Cumulative        @ 10.0%
 -----   ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------  ------$------
 12-06              0.             0.             0.             0.             0.             0.             0.             0.
 12-07           2800.        150000.             0.             0.        152800.         35942.         35942.         27278.
 12-08           4800.          7000.             0.             0.         11800.        172164.        208105.        136718.
 12-09           4800.             0.             0.             0.          4800.        110423.        318529.         78669.
 12-10           4800.             0.             0.             0.          4800.        235181.        553709.        154341.
 12-11           4000.             0.             0.             0.          4000.         78562.        632271.         47191.
 12-12
 12-13
 12-14
 12-15
 12-16
 12-17
 12-18
 12-19
 12-20

 Sub-T          21200.        157000.             0.             0.        178200.        632271.        632271.        444198.
 After              0.             0.             0.             0.             0.             0.        632271.             0.
 Total          21200.        157000.             0.             0.        178200.        632271.        632271.        444198.

                          SUBJECT TO CONDITIONS AND QUALIFICATIONS PRESENTED IN THE TEXT OF THIS REPORT
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