Sienna Resources Inc V.SIE

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[alanada]

Thank you for your interest in Habanero Resources HAO--tsx. I think you will find that HAO is an emerging junior oil and gas company on the verge of a substantial drill program in Texas and merits some attention. It is a proposed 15 well plan that is scheduled to commence shortly and when you take into account the recent spike in the oil and gas prices we feel quite confident in the potential leverage this prospect offer the company. We have secured a 10% Working Interest in this prospect in Stephens County, Texas, which is the largest of any of the public companies involved in this prospect. The Green Ranch Prospect lies within an oil and gas producing province identified as Texas Railroad Commission District 7B, which encompasses 24 Counties I North Central Texas. TRRC reports indicate District 7B has produced a total of 2.225 Billion barrels of Oil during the period from 1935 through June of 2001. These reports also indicate the district has made 2.277 TCF of unassociated gas (gas wells) from 1970 through June of 2001. It is estimated that this district accumulated approximately 2.78 TCF of casinghead gas. During the year 2000, District 7B made 14.1 Million barrels of oil, 18.6 BCF of casinghead gas and 45.3 BCF of unassociated gas. Through interpretation of the seismic data several "bright spots" have been identified within the Bend Conglomerate and are being targeted for immediate testing. In 1997, a well drilled on one of the "bright spots" in the Conglomerate, blew out around the surface casing at rates of 10-15 million cubic feet of gas per day. The simple way to calculate gross revenue of a 100 % working interest before royalties for a gas well is the following formula. For ease sake the calculation will use an arbitrary number for a well flowing at 10 million cubic feet per day and a gas price of $3.00 flowing for a year: 10,000,000 cubic feet per day (flow) divided by 1000 (units gas is measured in) equals 10,000 then times this figure by $3.00 (gas price) and this equals $10,950,000.00 for a period of 365 days per well. There has been over $1.5 million spent on the Green Ranch Prospect to date. As you are probably aware, the company currently has two sources of revenue and also the Pale Rider prospect is currently being evaluated for a re-work program. This well was the deepest cased well in Northern California history and had initial flow rates of between 5-8 MMCF per day. This prospect is within one mile of the single largest gas field in California, the Rio Vista Gas Field that has produced over 3.5 TCF of gas to date. Other major gas fields in the area are Lindsey Slough 299 BCF, Bunker 175 BCF, Maine Prairie 173 BCF, Millar Gas 160 BCF, River Island Gas 156 BCF, Kirby Hill Gas 54 BCF and Denverton Creek 35 BCF. We have been awaiting Questar's (STR-NYSE) plan to test the entire field and are eager to get this work underway as well. The company has just over 10 million shares out with an estimated float of approximately 2.5 million. The majority of the stock traded above .20 over the past year, and with a market cap of just over 1 million cdn, management feels Habanero offers a good risk/reward scenario for speculative investors at this time. We are also reviewing the diamond sector as a means to improve shareholder value. We are dedicated to improving the future of the company and feel we are clearly striving in this direction. I will provide the last two news releases below. If you have any questions, please call anytime or go to the website to obtain more detailed information. I have included the last two news releases below. Thank you for your time and consideration. Jason Gigliotti 604-692-3232 [e-mail] www.habaneroresources.com HABANERO RESOURCES INC. Suite 990 -1500 West Georgia Street Vancouver, BC V6G 2Z6 Telephone: [phone] Facsimile: [phone]