Logan County Prospect

Project Phase

Production and Delineation

Acreage

29,312 acres, 15% HBP, 80% NRI

3D Seismic

81 Square Miles

Reserves

56 MBBLS PDP, 135 MBBLS PUD, and 410 MBBLS C2

Play

Morrow Sand and Pennsylvanian Carbonates

Pre-Tax IRR

15%

Initial Investment

$12.5 Million, 20 New Wells, 35 Producing, 52 Bbls/day Low decline PDP