Robert W Demes

Letter of Reference and Character from Investor

August 11, 2008

Dear Investor

I have had the fortunate opportunity to invest $650k ($430k personally) with Robert Demes over the past 5 years.

As well, Robert has become a close friend and advisor. He is a very important part of my life.

I have invested in 3 separate opportunities with Robert Demes since 2003.
1. Costa Rica Land Development (Rancho Monterey, Costa Rica);
2. Natural Gas/Oil Well, Texas, (Jansen Well, Karnes County, Texas);
3. Costa Rica Real Estate with an oil investment component. (Applied Capital Corporation)

In each case my return is, or has been, substantial.

The Jansen natural gas/oil well came on-line May, 2007, just 4 months after our initial investment. We have received a combined average of 51% return on investment, annually. Given the estimated gas/oil reserves of just one zone in this well, we should receive a 4.5 to 1 total return on investment.

I anticipate our most recent deal with Robert, under Applied Capital Corporation, to perform as well. We have already received our first revenue distribution, just months after our initial investment.

Robert has a winning track record. He is a person who focuses on the success of others as much as his own. One of Robert's favorite phrases is, "under promise, over deliver". Robert has definitely delivered for me and the few fortunate friends that I have included in MC Energy Investments. They know this as well.

My advice: if Robert offers you an investment position, 'take it'.


Mark Camacho
Prinicipal Partner, MC Energy Investments

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