Eagle Exploration Company’s history of operations includes the purchase and development of residential and commercial real estate. See Item 6 below for a description of the Company’s current project. In 1992 the Company began to change its focus from oil and gas exploration to real estate development and in connection with this change subsequently sold most of its oil and gas interests and investments. However, the Company continues to hold minor interests in oil and gas properties and indirect interests by acquiring equity in other oil and gas companies. The Company is also investigating various potential acquisitions and other business opportunities.