FishinnickAs per company presentation in Aug 2011Northern...

Fishinnick

As per company presentation in Aug 2011

Northern Oklahoma
? Mississippi Lime Play - 100% WI ~6000 acres in “oil fairway” – 15+ Horizontal Locations
? EUR per location 409,000 boe x 15 locations = 6,135,000 estimated recoverable boe
? NPV = 6,135,000 boe @ $15 / barrel = $92,025,000

Kansas
? Cooper Project – 53% WI (26,500 acres)– Net AOK 14,045 acres = $2.150,000 ($150/acre)
? Jewel Project – 30% WI (35,000 acres) - Net AOK 10,500 acres = $1,575,000 ($150/acre)
? Ellsworth Project – 50% WI (3,200 acres) - Net AOK 1,600 acres = $ 480,000 ($300/acre

Total Estimated Current Value = $96,230,000