Blake Capital Management,

Inc (SRD Energies)

Fund Investment Objectives

The SRD ENERGIES PROGRAM trades NYMEX Crude Oil and Natural Gas future contracts. By buying futures near perceived "supports" (floors) and selling futures near perceived "resistances" (ceilings), the Manager takes a somewhat counter-trend approach, looking to benefit from short-term buying or selling exhaustion. This program utilizes proprietary pattern recognition systems to generate trade ideas. Stop-Loss orders to exit unfavorable positions are established with every Limit order to initiate a new position. Risk management is proactive , continuous and monitored in real time.