Executive Secretary:         RICK GINES
Phone:                                 (435) 783-2299
Address:                             515 East 351 South
City & State:                       Kamas, Utah 84036

Water Source:                    Beaver and Shingle Creek - Weber River Drainage

Total Shares:                      31,000

Delivery:                            0.3 acre foot per share

Shares/acre:                      8 shares per acre

Annual Fee:                       $.15 per share or minimum of $15.00

Transferability:                 Any where within the distribution system of the 
                                            irrigation company area. OK for a culinary well 
                                            in the drainage area.

Delivery Area:                 Francis, Kamas and Marion area.

Sale Price:                         Ranges between $300 and $600 per share.

History:

April 25, 2000                  Rick Gines provided most of the information herein. 
                                           He said that one of the stockholders has been selling 
                                           shares at $600 per share.