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Zodiac Exploration Inc. is a well-financed, California-focused oil company. It has over $17M in uncommitted cash on hand and holds approximately 85,000 net acres in the prolific San Joaquin Basin where over 13 Bbbl has been produced to date, with over 3 Bbbl produced in the Zodiac project area. Zodiac's enviable resource position is validated by the some of the largest independent oil and gas companies in the U.S. (Occidental Petroleum Corp., Hess Corp., Aera Energy LLC, Vanaco), that have accumulated large project positions surrounding Zodiac's blocks. Zodiac has entered into a joint venture with Aera (an Exxon-Shell joint venture company), which is the largest U.S. private producer.