Lane Douglas steps up efforts to buy out landowners

Lane Douglas steps up efforts to buy out landowners

Ten parcels totaling 671 acres purchased since March 8, 2007

Posted August 5, 2007

From the Powertech website:

Lane Douglas
Position: Project Manager - Centennial Project

Mr. Douglas is a Colorado licensed real estate broker and experienced project manager. He has been working diligently to complete the surface acquisitions and surface agreements that are needed for the development of the Centennial Project in Weld County, Colorado. He has also been working closely with R Squared Inc., the Denver based consulting firm that recently was selected to assist the Company with the acquisition of the required permits and licenses for the Centennial Project. Mr. Douglas has 23 years experience as a land manager and project manager for large projects in the communications and oil and gas industries, and has prior land experience in Weld County. He is a graduate of the New Mexico Military Institute and the University of Louisiana with a degree in Land Management. Mr. Douglas served 22 years in the Army Reserve as a Logistics Officer, retiring as a Major. He is a member of the Board of Realtors and the American Association of Professional Landmen.

Purchase Date	Acres	Bldgs	Purchase Price	Price Per Acre	Seller	Parcel #	Legal
03/08/07	80	none	$99,000	$1,238	HOYT JOHN	45309100016	S2NE4 9-9-67
03/08/07	80	none	$226,000	$2,825	HOYT JOHN	45309100017	N2NE4 9-9-67
03/30/07	80	none	$275,000	$3,438	MALONE PATRICK D	45309400014	E2SE4 9-9-67
03/30/07	80	none	$250,000	$3,125	SUH TAEKWANG	45335200004	W2NW4 35-9-67
05/10/07	79	none	$250,000	$3,165	S J COMPANY	45315400020	N2SE4 15-9-67 (1R)
05/24/07	44.13	none	$125,000	$2,833	LENHARDT JAMES R & SANDRA L	45315100018	PT N2NE4 15-9-67 LOT B REC EXEMPT RE-3939 EXC UPPR RES (.77R)
05/25/07	34.42	none	$79,900	$2,321	MCCRERY MICHAEL J	45315200017	PT S2NW4 15-9-67 LOT A REC EXEMPT RE-4048 (.39R)
06/06/07	80	Equipment Shed - 1944 SF - 2006	$275,000		LANG JAMES CARL	45309400015	W2SE4 9-9-67 SITUS: 8751 106 CR WELD 000000000
06/13/07	34.56	Ranch 1 Story - 1729 SF - 2005	$340,000		SIEKKINEN JAMIE P & ALLISON P	45315100017	PT N2NE4 15-9-67 LOT A REC EXEMPT RE-3939 EXC UPRR RES (.33R) SITUS: 51955 21 CR WELD 806310000
06/21/07	79.08	1 1/2 Story Fin - 1120 SF - 1909	$225,000		DOWN JEFFREY P	55514200007	E2 NW4 14 8 67 (.92R) SITUS: 10450 94 CR WELD 0
Total	671.19		$2,144,900