EXECUTIVE SUMMARY

Every month, thousands of oil and gas interests change ownership through
transactions ranging in value from $500 to $500,000,000.

Oil States Trading, LLC is raising $25,000,000 to purchase fractional
ownership interests in producing oil and gas properties throughout the
continental United States and offshore North America.

Oil States Trading started business in April 2005 with the acquisition of 122
non-operated working interests. Oil States Trading, is continuing to grow
and enhance this initial portfolio.

Oil States Trading now owns over 300 properties in seven states.