Smarts Oil and Gas, Inc. Announces Acquisition of White Lease and Appointment of Gerald L. Schiano as Chief Operating Officer

Dynamic Natural Resources Inc. (OTCBB:DYNI) is pleased to announce its recent acquisition of a 33% working interest in a 5,000 foot Devonian well located in Wayne County, IL. This well, which was drilled in the early 1990's, has had a history of paraffin encroachment that inhibited production. After further studying the oil, it was determined that MEOR (Microbial Enhanced Oil Recovery) could potentially mitigate the paraffin issues. The well was treated using MEOR technology approximately 5 weeks ago. It was then shut-in for approximately 30 days in order to allow the microbes to colonize the well bore region. Smarts reopened the well 6 days ago and in that time this well has produced 104 barrels of oil. The company acknowledges that this is flush production and that these rates will drop off, however the results have still far surpassed management's expectations.
Scott Masse, President states, "The microbes worked nicely and have had success throughout the country in addressing paraffin issues. We will look to utilize this method of oil recovery in other wells similar to the White Lease that can be stimulated using this excellent biological resource. We are currently looking to acquire numerous other leases in the same geographic location that will add assets and cash flow to Smarts, along with value to our shareholders."
The well flowed enough oil in 13 hours to pay for the microbe treatment. Monthly injections of the "bugs" will keep the colony fresh and mitigate further paraffin accumulation. Smarts eliminated exploration risk by acquiring an interest in a well that was producing at the time of purchase, but needed the expertise of our crews to drastically increase production levels. This will be the model for future acquisitions and the appropriate enhanced oil technique will be used to revitalize the wells.
Smarts would also like to announce that Gerald L. Schiano has been appointed Chief Operating Officer of Smarts. Gerald began his career as an accountant for Gilbane Building Company. Later he was hired as Chief Financial Officer of a construction company involved in large public construction projects. Gerald then moved on to run his own construction company servicing large public construction projects.
Scott Masse, President states, "We are very excited to have Gerry on our team. His managerial talents in the field will help our company run smoothly and his financial experience will also go a long way to make sure that Smarts obtains the success that we are all going to demand."