We are engaged in the exploration, development and acquisition of oil and gas properties, primarily in the Southwestern region of the United States. We seek to increase reserves and production through internally generated drilling projects, coupled with complementary acquisitions.

At year-end 2007, a certified engineering firm valued our proven reserves at $180,968,260, which reflects the present value of our future net cash flows from reserves, discounted at 10%

At year-end 2007, we owned approximately 23,250 gross (17,950 net) acres of leasehold, which includes 15,250 acres of exploratory and developmental prospects as well as 8,000 acres of enhanced oil recovery prospects. We have built a multi-year inventory of drilling projects and drilling locations and currently have enough acreage to sustain several years of drilling.

ReoStar was incorporated in Nevada on November 29, 2004 under the name Goldrange Resources, Inc. In February, 2007 we changed our name to ReoStar Energy Corporation.

Our corporate offices are located at 5416 Birchman Ave, Fort Worth, Texas 76107. Our telephone number is (817) 989-7367. Effective July 15 , 2007, our corporate offices will be located at 3880 Hulen, Suite 500, Fort Worth, Texas 76107.