quarterly expectations, page-16

Permian

Note that The SRH #1 and #2 well scan do better

They are on production but only producing from the Wolfcamp intervals as
the Spraberry Dean intervals, the most productive in vertical wells, have not been frac’d
primarily due to funding constraints.

And Drilling and Completion Update
- SRH #6 Well: Well has been successfully completed and drilled. It is now shut in to prepare for a
completion and fracture stimulation program.

With #3,#4,#5 on production #1 and #2 to do better and
#6 to start up , this has potential at first glance.

Add on another 15% of D&L#3 plus 3.99% of Desiree
and one wonders why GGP is on the ropes ?

Throw in Sugar Valley #1 - How much for the LOT ?

CH$$RS R15