MARKETING PROCESS DELAYED TO LATER IN 2012
SIGNIFICANT FIELD WORK IS IN PROGRESS

NON-OPERATED PRODUCING WELLS
WITH DRILLING AND RECOMPLETION UPSIDE
GALVESTON AND HILDALGO COUNTIES, TEXAS

- Galveston County (Alta Loma East Andrau Field)
- Two gas wells completed in Frio operated by Activa Resources, one well currently shut-in
- Aminex average GWI 35.45% and 26.55% NRI
- Wells drilled in 2002 and 2008, TD 14,918’ and 15,300’
- Both wells located in Lemuel Crawford Survey A-47
- 3D seismic data and interpretations available
- Two drilling locations and one recompletion opportunity identified

- Hidalgo County (South Weslaco Field)
- Five gas wells, and one disposal well operated by Kaler Energy Corp
- All wells within the unit boundary of the South Weslaco Gas Unit (6,329 acre unit)
- Aminex average GWI 22.5% and 12.64% NRI
- Wells drilled between 2005 and 2010, TD between 8,750’ and 11,000’
- 3D seismic data available
- Four drilling location for multiple pays identified (U Frio, Willis, Skaggs, Fausek)

- Cash Flow and Production (Averages Feb 2011 - Jan 2012 for all wells)
- Gross production 6,259 MCFD, 181 BOPD & 244 BWPD
- Net production 1,478 MCFD & 50 BOPD
- Net cash flow $287,338 per month
NOTE: A Confidentiality Agreement (“CA”) must be executed prior to receiving the data package.
FOR QUESTIONS PLEASE CONTACT |
| Jacque Semple, Project Coordinator |
(918) 481-5900 ext. 221 |
| Jesse Murdock, VP Business Dev. |
(918) 481-5900 ext. 230 |
| Bob McNulty, P.E. |
(918) 481-5900 ext. 229 |
|
BID DATE
JULY 24, 2012 |
EFFECTIVE DATE
JUNE 01, 2012 |
CLOSING DATE
AUGUST 27, 2012 |
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