Bright Green Zone Perforated 14 ft of Lower zone & 330 B/D. This zone may have recharged & will be tested first. 7 Zones above old Perfs total 20.

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Bright Green Zone Perforated 14 ft of Lower zone & 330 B/D. This zone may have recharged & will be tested first. 7 Zones above old Perfs total 20 ft of Pay PLUS Additional 4 ft of Lower Pay below the old perfs. The best 11 ft perf’d would yield 143,000 Bbls Oil Calculations indicate that the interval has S w of 41%

IP 55 B/D IP 77 B/D IP 243 B/D IP 54 B/D IP 66 B/D Down Dip Producers & their Initial Production Rates The Dark Green Band Is Considered Oil Depleted The Light Green Band is Considered Virgin Reservoir Location of Reentry Well

Re-entry of a well drilled in 1942 will give us a VERY inexpensive look at 14 feet of Past Productive Perforations that may have been recharged over the last 50 yrs of dormancy & 24 ft of Highly Prospective Reservoirs that were never perforated. A lower zone contributed to the 840,000 Bbls of oil that this lease has already produced. Step 1 Re-enter well & clean out existing 14 ft of perfs. If economic rates of oil result, then simply allow the well to produce. Step 2 Perforate additional sands above & below the original perfs. Step 3 Would ONLY Ensue If Results of Steps 1 & 2 Were Negative. Deepen this well 600 ft to test 3 additional sands that indicate Excellent structural position