Programs and Farm-Outs

(Farm-out and Funding) West Texas 10 Well Joint Venture

Callahan County

J.W. McFarlane Lease

290.5 acres

65% W.I.

( 10 ) Ten Total Wells

( 5 ) Five New Drills

( 4 ) Re-works

( 1 ) Injection Well

(Farm-out) West Texas 3 Well Joint Venture

Callahan County

10 acre spacing

75% W.I.

J.W. McFarlane Lease

( 3 ) Three New Drills

(Farm-out and Funding) West Texas 7 Well Joint Venture

Callahan County

Harris lease

65% W.I.

722 acres

( 6 ) Re-works

( 1 ) Injection Well

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