Basic Earth Begins Drilling 2nd Canadian Well

Basic Earth's Canadian Subsidiary, Legent Resources, has commenced drilling its second exploration well in Canada. The Oungre 10-16-2-14W2, operated by Zinke & Trumbo Canada Corp, is approximately 1 mile south of the town of Oungre, Saskatchewan. The well is licensed to the Red River formation at a projected depth of 10,200 feet. Legent has a 12.5% interest in this well. In December 2002, Legent's first exploration well, the Freestone 46C-18-9-6, was a dry hole.