EnDevCo, Inc. - Corporate Profile

EnDevCo, Inc. a shortened version of the Energy Development Company, is a dynamic and growing energy company establishing an identity that is consistent with its business development activities. The Company's business plan includes strategies to participate in several sectors of the natural resources industry:

• Oil and gas exploration and production
• Development of new technologies for the enhancement of oil and gas production
• Merchant power and integrated industrial site development.

EnDevCo is founded on the principle that the sensible application of "state of the art" geoscience technologies provides a profound reduction in the risk profile that accompanies all investment in oil and gas exploration and production. In pursuit of this principle, the Company has adopted an attitude that can be encapsulated in the statement "...science before the drill bit."

ENDE.OB - Current Status

• Acquired the following oil and gas properties.

  – Short Junction Field
  – East Cameron Block 71
  – Eugene Island Block 294
  – Chandeleur Block 14
  – Rio Magdalena Exploration Area

• Secured project financing for their development.
• Positioned to implement business plan.
• Net operating profit guaranteed for 2006.

Company Essentials

Business:	Oil and Gas Development
Exchange:	OTCBB
Symbol:	ENDE.OB
Current Price (10/2/2006):	$0.036
52-Week High (20-Apr-06):	$0.10
52-Week Low (13-Apr-06):	$0.01
Market Cap:	$9.04M
Shares Outstanding:	226.02M
Float:	222.77M
Website:	www.endevcoinc.com
Analyst Report:	Click Here to Read the PDF

OIL AND GAS EXPLORATION AND PRODUCTION

Domestic Activity (last update 08-23-2006)

• East Cameron Block 71, Gulf of Mexico - The Company currently holds a farm-in agreement to drill to earn a 1/3 working interest in East Cameron Block 71 field. Open Choke Energy, LLC has been named the Operator of the project with operations anticipated to
  
  occur during the third quarter of 2006 (subject to drilling rig availability). The Company has secured the debt financing necessary to participate in the recompletion of the prolific "OC" pay sand which is designed to establish estimated daily production of 3,000 barrels of oil per day (BOE). This new oil production will be produced through the existing production platform and facilities already installed on the block. Concurrent with the well recompletion program, the state of the art 3D seismic previously acquired over the block will be utilized to identify additional drilling locations to fully realize a possible reserves potential of 2 million BOE.

• Short Junction Field, Oklahoma-In April 2006, the Company announced the purchase of 100% of all rights in the West and Central Units of Short Junction Field located in Oklahoma City, Oklahoma. The 12,000 acre leasehold is fully unitized and is comprised of 19 active wells that were producing approximately 100 barrels of oil per day from the Hunton limestone reservoir and 200 mcf of gas per day from the Red Fork sand reservoir at the time of purchase. During the first four months of operations, EnDevCo personnel, have increased production by 40% and have added new pay zones in the field. The field includes a total of 270 well bores of which approximately 40 will ultimately be reactivated and includes full ownership rights to a field wide gas pipeline and gathering system that offers two independent taps to the interstate gas transmission system.
  
  The Company has completed a $30 million credit facility with Gas Rock Captial, LLC which will be utilized in an aggressive well recompletion program that is designed to increase daily oil production to over 240 barrels/day and 2,250 MCF of gas/day over the next 12 months. Concurrent with the well recompletion program, 3D seismic is planned to be acquired over the field which will then be integrated into a full engineering simulation of the Hunton reservoir dynamics. Based on these advanced technical studies, the Company plans to drill horizontal wells for both oil and gas production to fully realize a possible upside potential of an additional 10 million barrels of oil and 10 BCF of gas reserves.

Recent News

EnDevCo Announces 2nd Quarter
08-23-2006 Interview with Chris Dittmar, CEO
08-18-2006 EnDevCo Announces 40% Increase at Short Junction Field
08-08-2006 EnDevCo Announces New Chief Financial Officer
06-20-2006 EnDevCo Adds New Pay Zone in Short Junction Field
05-03-2006 EnDevCo Purchases Short Junction Field
04-13-2006 EnDevCo Live Webcast From ValueRich Small-Cap Expo in Miami
03-07-2006

• Eugene Island Block 294, Gulf of Mexico - The Company currently holds a farm-in agreement to drill to earn an undivided 50% interest in Eugene Island Block 294 located in in the Federal OCS of offshore Louisiana. Geophysical analysis of recently acquired 3D seismic data on EI Block 294 demonstrate several low risk prospects at drilling depths above 6,000 feet in water depths of approximately 200 feet. The surface production facilities and production platform on Eugene Island Block 294 were lost during Hurricane Rita. While the Company suffers no liability as a result of the loss of these facilities, timing of new drilling is uncertain until replacement production facilities can be installed.

International Activity

• Rio Magdalena Option, Colombia - The Company holds an option to participate in an undivided 50% interest of all rights held by Harvest Production Company, LLC in the Rio Magdalena Association Contract. The Rio Magdalena Association Contract, comprising 58,546 hectares (144,600 acres) is situated in the Upper Magdalena River region of Colombia and is operated by Argosy Energy International. Argosy has completed acquisition and processing of 101 kilometers of 2D seismic data which has confirmed several large structural prospects on the block.
  

ENERGY TECHNOLOGY DEVELOPMENT

Development and implementation of new energy technologies will become a key new business focus for the Company. The identification of and early participation in the implementation of these types of technologies opens several avenues for potential revenue generation and profits. In some instances, the technology can be manufactured and sold to end users once the market accepts the technology. In other instances, the technology might provide a unique competitive advantage that can be successfully leveraged by the Company in the acquisition and development of existing energy projects. Initially, the Company will limit its scope of investigation to those technologies that directly compliment the oil and gas, and power industries.