PP

STX Conventional PDP+3D Prospects

Producing Properties

All Standard Disclaimers Apply & Seller Rights Retained


STX Conventional PDP+3D Prospects

BEE CO., TX ASSETS FOR SALE

61-Wells. 35-Producing. 6,388 Acres.

CONVENTIONAL SHALLOW MULTIPAY

YEQUA, COOK MTN, HOCKLEY, PETTUS

3-PERMITS READY-TO-DRILL

3-D SEISMIC DEFINED PROSPECTS

44+-Highly Delineated Locations. 109-Sands

SIMPLE OPERATIONS

~100% OPERATED WI; ~78% NRI

Gross Production: 90 BOPD & 370 MCFD

NET CASH FLOW: ~$110,000-$130,000/Mn

Operating Expenses: ~$24,000/Mn w/ Labor

5-6 Immediate Wells Increase 400-600 BOPD

44 Projects Yield: 5.9 MMBO & 5.59 BCF

STILL AVAILABLE.

MOTIVATED SELLER. SEEKS TO RETIRE

PP 6220DV

Summary
Energy Advisors Group has been retained by ENCO Exploration Co. to assist in marketing their South Texas Conventional assets including ~6,388 acres with majority 100% Operated WI and ~78% NRI.

The Seller is highly motivated to sell as he seeks to retire. This project was sold at year end but the original buyer failed to close on January 31 so EAG has recently updated the package including more data on upside (44 prospects) and accounting.

THE PACKAGE----
ENCO has interests in 61 vertical wells producing from multiple shallow formations: Hockley, Pettus, Yegua and Cook Mountain.

During August 2019, the properties had gross sales of 2,701 BO & 12,415 MCF (28.6 MMCFE) and net sales of 2,071 BO & 8,306 MCF (20.7 MMCFE). Additionally, significant shallow behind pipe recompletion potential exists in many existing wellbores. Infrastructure exists on the properties with 15-tank battery facilities, 32-pumping units and 35-miles of pipeline.

During August 2019, the properties generated a 12-Mn average net cash flow of $137,130/Mn before field labor. These fields are managed with 2 pumpers and one operating superintendent. Minimum field maintenance for a field of this sort. Field is well maintained by current staff. Some water disposal costs average $4,000-$5,000 Mn. No paraffin.

Please fill out a Confidentiality Agreement for more up to date financial information through year end.

Large Inventory of Ready-To-Drill 3-D Seismic Prospects

2-Recent Permits on the Property, Ready-to-Drill

Significant Upside---
A total of 44 highly delineated 3-D vertical prospect locations exist on several thousand leased acres with immediate reserve potential of ~5.9 MMBO & ~5.59 BCF. These prospects are targeting multiple high-impact shallow formations (3,000-5,375') with 90% of the drill-site locations containing 2-5 targeted productive sands (Hockley, Pettus, Yegua, Cook Mountain and others). In total the seller counts 109 potential sands in these 44 immediate prospects.

With over 60-miles of Western 3-D seismic data across the position, these prospects are highly delineated. 3-D seismic data and prospects are available for review at ENCO Exploration offices once confidentiality agreement has been executed.

Quick Highlights---
---60 Miles of Western 3-D Seismic
---Seller and Data Room Can Document 36 Leases 3-D Seismic Prospects
---SMT 3-D Program and 3-Wide Screen Display Work Station.
---Simple Operations
---One Hour Circuit To Drive Fields And Operate
---Low Costs of Operations.
---All of the Wells' Geological Log Information in the Seismic Area have been input into Enco's work station computer for easy one click access.

Equipment & Infrastructure---
---15 Tank Battery Facilities (210 and 400 Barrel Tanks)
---32 Pumping Units mounted on concrete portable bases. (4 With Electric Motors and 28 With Arrow Gas Engines).
---5200'± of 4-1/2" L T&C J-55 New Casing
---All Wellheads are GE Series 900 (several in inventory)
---4-1/2" Production Casing has been cemented to surface on all wells.
---Several thousand feet of 2-3/8" Tubing and 3/4" and 5/8" Sucker Rods in inventory.
---5 Gas Sales Meter Stations
---2" Oil and Gas flow lines are welded fusion bond coated.
---35 Miles of Southern Gas 2", 2-1/2", 3", 4" and a 6" pipeline with Cathodic Protection.

Contact Energy Advisors Group to set up an appointment to review data.
TO LEARN MORE
Energy Advisors Group
Mr. Blake Dornak
A&D Associate
5120 Woodway Dr Ste 10010
Houston, TX 77056
---Phone: 713-600-0123 Direct: 713-600-0169 Cell: 903-390-6803
---Email: [email protected] or Email Mark Gerges at [email protected]

Rich Martin ([email protected]) Is Also Assisting On This Project and Handling a Similar South Texas Package.

Questions Regarding This Asset? Email Blake Dornak or call EAG at 713-600-0123
Virtual Data Room

BEE CO., TX ASSETS FOR SALE

61-Wells. 35-Producing. 6,388 Acres.

CONVENTIONAL SHALLOW MULTIPAY

YEQUA, COOK MTN, HOCKLEY, PETTUS

3-PERMITS READY-TO-DRILL

3-D SEISMIC DEFINED PROSPECTS

44+-Highly Delineated Locations. 109-Sands

SIMPLE OPERATIONS

~100% OPERATED WI; ~78% NRI

Gross Production: 90 BOPD & 370 MCFD

NET CASH FLOW: ~$110,000-$130,000/Mn

Operating Expenses: ~$24,000/Mn w/ Labor

5-6 Immediate Wells Increase 400-600 BOPD

44 Projects Yield: 5.9 MMBO & 5.59 BCF

STILL AVAILABLE.

MOTIVATED SELLER. SEEKS TO RETIRE

PP 6220DV

Summary
Energy Advisors Group has been retained by ENCO Exploration Co. to assist in marketing their South Texas Conventional assets including ~6,388 acres with majority 100% Operated WI and ~78% NRI.

The Seller is highly motivated to sell as he seeks to retire. This project was sold at year end but the original buyer failed to close on January 31 so EAG has recently updated the package including more data on upside (44 prospects) and accounting.

THE PACKAGE----
ENCO has interests in 61 vertical wells producing from multiple shallow formations: Hockley, Pettus, Yegua and Cook Mountain.

During August 2019, the properties had gross sales of 2,701 BO & 12,415 MCF (28.6 MMCFE) and net sales of 2,071 BO & 8,306 MCF (20.7 MMCFE). Additionally, significant shallow behind pipe recompletion potential exists in many existing wellbores. Infrastructure exists on the properties with 15-tank battery facilities, 32-pumping units and 35-miles of pipeline.

During August 2019, the properties generated a 12-Mn average net cash flow of $137,130/Mn before field labor. These fields are managed with 2 pumpers and one operating superintendent. Minimum field maintenance for a field of this sort. Field is well maintained by current staff. Some water disposal costs average $4,000-$5,000 Mn. No paraffin.

Please fill out a Confidentiality Agreement for more up to date financial information through year end.

Large Inventory of Ready-To-Drill 3-D Seismic Prospects

2-Recent Permits on the Property, Ready-to-Drill

Significant Upside---
A total of 44 highly delineated 3-D vertical prospect locations exist on several thousand leased acres with immediate reserve potential of ~5.9 MMBO & ~5.59 BCF. These prospects are targeting multiple high-impact shallow formations (3,000-5,375') with 90% of the drill-site locations containing 2-5 targeted productive sands (Hockley, Pettus, Yegua, Cook Mountain and others). In total the seller counts 109 potential sands in these 44 immediate prospects.

With over 60-miles of Western 3-D seismic data across the position, these prospects are highly delineated. 3-D seismic data and prospects are available for review at ENCO Exploration offices once confidentiality agreement has been executed.

Quick Highlights---
---60 Miles of Western 3-D Seismic
---Seller and Data Room Can Document 36 Leases 3-D Seismic Prospects
---SMT 3-D Program and 3-Wide Screen Display Work Station.
---Simple Operations
---One Hour Circuit To Drive Fields And Operate
---Low Costs of Operations.
---All of the Wells' Geological Log Information in the Seismic Area have been input into Enco's work station computer for easy one click access.

Equipment & Infrastructure---
---15 Tank Battery Facilities (210 and 400 Barrel Tanks)
---32 Pumping Units mounted on concrete portable bases. (4 With Electric Motors and 28 With Arrow Gas Engines).
---5200'± of 4-1/2" L T&C J-55 New Casing
---All Wellheads are GE Series 900 (several in inventory)
---4-1/2" Production Casing has been cemented to surface on all wells.
---Several thousand feet of 2-3/8" Tubing and 3/4" and 5/8" Sucker Rods in inventory.
---5 Gas Sales Meter Stations
---2" Oil and Gas flow lines are welded fusion bond coated.
---35 Miles of Southern Gas 2", 2-1/2", 3", 4" and a 6" pipeline with Cathodic Protection.

Contact Energy Advisors Group to set up an appointment to review data.
TO LEARN MORE
Energy Advisors Group
Mr. Blake Dornak
A&D Associate
5120 Woodway Dr Ste 10010
Houston, TX 77056
---Phone: 713-600-0123 Direct: 713-600-0169 Cell: 903-390-6803
---Email: [email protected] or Email Mark Gerges at [email protected]

Rich Martin ([email protected]) Is Also Assisting On This Project and Handling a Similar South Texas Package.

Questions Regarding This Asset? Email Blake Dornak or call EAG at 713-600-0123