parties interested in the commercial undertaking who did not participate in the Stage I Research activities may also enter the joint venture on an appropriate and equitable basis.

(2) Stage II Development and Research activities will utilize the commercially feasible methods which have been developed by Stage I Research or otherwise. Applicant will remain available as a consultant to the joint venture and will participate in such additional research projects as the joint venture may desire to conduct in connection with the commercial development of the leased land. 13. Applicant hereby certifies that the statements made herein are true, complete and correct to the best of its knowledge and belief.

5 These figures and those for subsequent years on a 50-State basis.

6 1965 and 1966 military procurement figures obtained from DOD.

NOTE.-Residual fuel oil: 1965, 587,011; 1966, 626,446. Projected annual consumption, 1967, 4,481,105,000 barrels, an increase over 1966 to 156,032.000 barrels.

NOTE.-Oil from Mexico formerly shown as crude oil is included with products in 1966.

TABLE II (b).—Military imports of petroleum products (Annual totals,

1 1965 and 1966 figures obtained from Department of Defense.

TABLE III.—Summary of proved preserves as reported for 1946 and thereafter