Topaz Resources, Inc. provided the results for March 2019 for the Phase 2 development of its North Texas shallow oil property, comprising approximately 2,400 gross acres with 80 producing oil wells, located in Archer County, Texas, where Topaz has an 84.375% Working Interest and an 82.5% Net Revenue Interest. Topaz produced 18,844 barrels of oil and sold 17,855 barrels of oil during March at West Texas Intermediary prices ranging from $55.80 to $60.37 per barrel. During March, Topaz completed workovers in the Gunsight zone at a depth of about 1,100 feet and up pipe completions in the Thomas Sands zone at a depth of about 900 feet in 13 wells, which increased production from approximately 1 Barrel of Oil Per Day (BOPD) per well to a range of 21 to 30 BOPD for each of these wells at an approximate cost of $5,000 per well. As of the end of March, Topaz has completed workovers in the Gunsight zone and up pipe completions in the Thomas Sands zone in a total of 31 wells as well as completed workovers in the initial two wells in the Gunsight zone. Total production now exceeds 850 BOPD. Topaz is continuing Phase 2, which entails undertaking workovers and up pipe completions of the remaining 47 producing oil wells, scheduled to be completed during second quarter of 2019.