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We were incorporated as a Nevada corporation in February 2004 under the
name of College Oak Investments, Inc., and changed our name to Baseline Oil &
Gas Corp. on January 17, 2006.
We are the surviving corporation of a merger transaction with Coastal
Energy Services, Inc. ("Coastal") that was effective on April 6, 2005. As a
result of the merger, Coastal Energy Services, Inc. was treated as the
"acquiring" company and the historical financial statements of our company were
restated to be those of Coastal for financial accounting and reporting purposes.
During fiscal year ended 2006 we were a "shell company" as that term is
defined in Rule 405 promulgated under the Securities Act of 1933 (the
"Securities Act") and Rule 12b-2 promulgated under the Securities Exchange Act
of 1934 (the "Exchange Act"), and as such, are subject to rules of the
Securities and Exchange Commission (SEC) applicable to shell companies.
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