Petrichor Energy Inc. is engaged in the business of exploration, development and production of oil and gas. The Company owns an interest in the wells in the Verba Field in Mississippi, which produces approximately 1,400 barrels per month. It has entered into participation agreements to acquire a working interest in approximately 11,895.65 net acres at the Marble Falls Prospect in Texas. It is also in the process of permitting and/or drilling additional locations for vertical and horizontal wells to be drilled in the Marble Falls Prospect, located within the Young, Jack, Archer and Clay Counties in Texas. The Marble Falls Prospect's Cobb well has a depth of approximately 6,200 feet, and this prospect tests Strawn Sands, Caddo Lime, Atoka Conglomerate, Marble Falls, Barnet Shale, and Ellenberger. The Marble Falls Prospect's Hinson well has a depth of over 5,200 feet that tests the Strawn Sands, Caddo Lime, Conglomerate, Marble Falls, Barnet Shale and Chappel (Mississippi) Lime.