SE NEW MEXICO SALE PACKAGE

LEA CO., NM ASSETS FOR SALE

37-Wells (21-Producers 10-Injectors, 1-SWD)

HOBBS, GARRETT & SHIPP FIELDS

BLINEBRY, DRINKARD & STRAWN

Formation Depth: 6,000-11,000 TVD

MULTIPAY RESERVOIRS

BEHIND PIPE & NEW WATERFLOOD OPTIONS

WATERFLOOD OPERATIONS

80-100% OPERATED WI. High NRIs.

Gross Production: 187 BOPD & 482 MCFD

Net Production: 145 BOPD & 299 MCFD

Operating Income: $185,000-$225,000 Mn

Engineering (PDP) PV10: $10,714,901

GOOD LSES. NO REGULATORY ISSUES

Seller Provided Engineering Report

SELLER ASKING PV20-25 or 3+ YRS CASH

PP 1835DV