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NEWS RELEASE

FOR IMMEDIATE RELEASE

MEDIA CONTACT: Gordon James

Gordon C. James Public Relations

602-274-1988 / 602-690-7551 (cell)

S.W. Jack Drilling to Liquidate Equipment

INDIANA, Penn. (May 7, 2010) – On May 1, 2010, Christine J. Toretti, Chairman and CEO of S.W. Jack Drilling Company announced the company would be liquidating its operating assets and will be investing the proceeds in endeavors within the energy industry and other innovative realms.

“S.W. Jack Drilling has been providing excellent service to all our customers for 92 years,” said Toretti. “We celebrate our ability to exist as a family-owned energy company for close to a century. That was only possible because of our amazing workforce and our strategic partners. I have been blessed to work side by side with James H. McElwain as my partner for over thirty years. Under a changing oil and gas landscape, and the financial burden of high tech investment demands, we believe that we can make a bigger impact by turning our focus in other directions.”

Toretti will continue with basic oversight and management of the company, but will increase her focus on Republican politics. Toretti currently serves as National Committeewoman of Pennsylvania to the Republican National Committee and has been heavily involved with the Republican Party for many years.

“As an employer, a mother and a citizen of our great nation, I am called to take a more active role in the public sector,” said Toretti. “America needs stronger leaders and is crying out against wasteful spending, poor policy and the ever looming creep of socialism in our government. I’m looking to jump in and lend my support to what Americans truly want. We’ll see where that road takes me as it continues to unfold.”

A force within her industry, Toretti was placed on the National Petroleum Council and the U.S. Secretary of Energy’s Advisory Board. Governor Tom Ridge so respected her leadership that fifteen years ago, he appointed her to Pennsylvania's State System of Higher Education and subsequently adopted a plan she crafted to fund investments in higher education in new and innovative ways. Governor Mark Schweiker appointed her as his representative on the Interstate Oil and Gas Compact Commission. In 2007, she was elected Chair of the Committee of 200, an organization of the most influential female business leaders in the world.

For more information on S.W. Jack Drilling and Christine J. Toretti, please contact Gordon James at gjames@gcjpr.com or 602-274-1988.

S.W. Jack Drilling Company

S.W. Jack Drilling Company is a family owned and operated oil and gas contract drilling company that was founded in 1918. Headquartered in Indiana, Pennsylvania, with regional offices in Buchannon, West Virginian and Charleston, West Virginia.

Under the leadership of Chairman and CEO, Christine J. Torreti, S.W. Jack Drilling Company provided services to oil and gas exploration and production companies throughout the Appalachian Basin in the states of West Virginia, Pennsylvania, Kentucky, Virginia and New York.

Auction information

www.kruseenergy.com

THE FOLLOWING REAL ESTATE IS ALSO FOR SALE

THE REAL ESTATE WILL BE SOLD SEPERATELY FROM THE AUCTION

1. INDIANA SHOP AND YARD.

THE SUBJECT PROPERTY IS AN INDUSTRIAL SHOP AND YARD.

IT IS LOCATED ALONG GEESEY ROAD NORTHEAST OF INDIANA BOROUGH IN WHITE TOWNSHIP, INDIANA COUNTY, INDIANA, PA. THE SITE CONSISTS OF TWO PARCELS; ONE EQUALS 54.95 ACRES AND THE OTHER 39.86 ACRES. THE 54.95 ACRES HAS FIVE BUILDINGS AND OPEN STORAGE AREA. THE TOTAL AREA OF THE INDUSTRIAL BUILDINGS TOTALS 107,751 SQUARE FEET.

THE SECOND PARCEL (39.86 ACRES) HAS A HOME AND SMALL PARK AREA LOCATED ON IT.

2. INDIANA OFFICE BUILDING.

FIVE STORY OFFICE AND CONDOMINIUM BUILDING

THE PROPERTY IS LOCATED IN CENTRAL BUSINESS DISTRICT OF THE BOROUGH OF INDIANA. THE SUBJECT BUILDING IS A FIVE (5) STORY BUILDING WITH THE FIRST THREE (3) FLOORS BEING COMMERCIAL OFFICE SPACE CONSISTING OF 22,303 SQ. FT.

THE 4^TH FLOOR IS 4 CONDOMINIUMS AND THE 5^TH CONSISTS OF ONE PENTHOUSE APARTMENT.

3. BUCKHANNON SHOP/OFFICE/YARD.

BEING A 10.48 ACRE SITE AND A DETACHED 6.94 ACRE STORAGE YARD FOR A TOTAL AREA OF 17.42 ACRES LOCATED IN UPSHUR COUNTY, ROUTE 33, LORENTZ, WV. THERE ARE TWO (2) BUILDINGS ON THIS PARCEL. THE MAIN BUILDING ON THIS SITE IS A 38,440 SQ. FT. INDUSTRIAL METAL BULDING WITH 25, 000 SQ. FT. OF OPEN SHOP AREA AND 13,440 SQ. FT. OF OFFICE SPACE. THERE IS ALSO A DETACHED 8,000 SQ. FT. METAL BUILDING. ADDITIONALLY, THERE IS OPEN STORAGE AREA.

4. ELKVIEW SHOP/OFFICE/YARD.

TWO PARCELS OF GROUND; ONE CONTAINING 55.679 ACRES AND THE OTHER CONTAINING 54.11 ACRES. BUILINGS LOCATED ON THE FIRST PARCEL ARE AN OFFICE 1,340 SQ. FT., TRUCK/MECHANICS SHOP 11,550 SQ. FT., ENGINE ROOM/STORAGE 2,220 SQ. FT., WELDING SHOP 1,008 SQ. FT. PLUS OPEN STORAGE AREA. THE 2^ND PARCEL (54.11) HAS NO STRUCTURES ON IT.