PGNE

Primegen Energy Corporation, formerly Maysia Resources Corporation is an exploration state company. The Company is in the resource business. As of June 30, 2006, the Company had not derived any income from any of the resource properties, in which it had and are acquiring interests. It is in the process of its phase I program on its SSM Project. Subsequent to the year ended June 30 2006, the Company diversified its business, and on August 11, 2006, it entered into an agreement with Archer Exploration, Inc. to acquire a 35% working interest in a natural gas play known as Joe’s Landing located near Sacramento, California. In August 2009, the Company completed the acquisition of Dzhebolskoye Chikshino Rig Company, from a subsidiary of Dzhebolskoye Chikshino Investment Company. The primary assets of the acquired company consist of four OIME SL 1500 drilling rigs, which are capable of drilling to depths of greater than 18,000 feet, and a complement of related service equipment.