BREK Energy Corporation (BREK.PK)

Brek Energy Corporation, through its subsidiaries, engages in the acquisition, operation, and development of unconventional hydrocarbon prospects primarily in the Rocky Mountain region of the United States. It principally acquires leasehold interests in petroleum and natural gas rights, either directly or indirectly. As of December 31, 2005, the company held leasehold interests in approximately 17,115 net acres in Riverbend Project located in the Uinta Basin of northeastern Utah; approximately 14,109 net acres in Greater Green River Basin Project, Wyoming; and in approximately 828 net acres in Crocker Canyon Prospect, California. As of the above date, it had interest in Vallenar Energy Corp., which held leases covering approximately 8,865 net acres in the Rocksprings Prospect in the Val Verde Basin of Edwards County, Texas. As of March 31, 2006, Brek Energy had proved reserves of 5,653,612 Mcf of gas and 27,405 Bbls of oil. The company was founded in 1998 and is headquartered in London.

For the six months ended 30 June 2006, Brek Energy Corporation's revenue decreased 6% to $270K. Net loss totaled $369K up from $91K. Revenues reflect a decrease in oil & gas production.Higher loss reflects increased general & administrative expenses, a rise in professional fees, an increase in depletion charges and the presence of franchise tax. The Company is engaged in the manufacturing & exploration of oil & gas through its subsidiary.