undervalued., page-36

Rob ,Hap

The Good old days, Brown Dense Smackover

Leduc Reef Prospect,
Dickens #1, Leduc Reef, Fayette County, Arkansas,

21 Sep 2012
• Dickens No 1 was spud on 26 August 2012 and reached TD of 8,500ft on 20 September 2012.
The well has been logged and unfortunately the electric logging confirmed that commercial
recovery was unlikely and the operator has proposed the well be plugged and abandoned.

Further opportunities are available to Grand Gulf and the company has a right to participate pro-rata in any new prospects generated in a 3D AMI pertaining to this reef trend. Analogues for this prospect are the Appleton and Little Cedar Creek fields in Alabama. These fields produce out of Upper Jurassic thrombolite reefs located along the northern margin of the Gulf of Mexico.

Note "Further opportunities"

CH$$RS R15