PP

JETTA - NONOP PROPERTY SALE

Producing Properties

All Standard Disclaimers Apply & Seller Rights Retained


JETTA - NONOP PROPERTY SALE

EDDY CO., NM ASSET SALE

17-Producers. 8-AFEs (HBP)

DELAWARE BASIN (CORE)

1,120-Gross Acres. 197-Net Acres.

---56 Net B/S Acres; 50-Net W/C Acres

Bone Springs; Wolcamp & Brushy Canon

NONOPERATED WI FOR SALE

Gross Production: 1,281 BOED

Net Production: 59 BOED

Net Cash Flow: ~$32,520/Mn

Net PDP Reserves: 44 MBO & 115 MMCF

Operators Include - Marathon, Chevron

---BTA; Mewborne & Rockcliff

SOLD BY ENERGY ADVISORS DEC 2018

PP 7716DV

SELLER REVIEWING OFFERS AND MOVING TOWARD CLOSE

Summary
Energy Advisors Group has been retained by Jetta Operating to assist in marketing their well-positioned nonoperated Delaware Basin property in Eddy Co., NM. Included in the sale are 1,120-gross acres (197-net acres) – 100% held by production with all 197-net acres with rights from the surface to base of Delaware, 56-net acres of the 197-net acres with rights from the surface to base of Bone Spring & 50-net acres of the 197-net acres with rights from the surface to base of Wolfcamp.

The property is currently producing 1,019 BOPD & 1,576 MCFD gross (47 BOPD & 71 MCFD net) from 18-total wells (17-producers. 1-inactive) operated by 3-premier operators: BTA Oil Producers, Chevron & Rockcliff Energy.

Active Horizontal Wolfcamp & Bone Spring Development
This property is located in an area of active horizontal development for Wolfcamp & Bone Spring reservoirs. Jetta recently received AFE's and elected to participate in 8-well proposals (5-Wolfcamp & 3-Bone Spring wells) from Marathon, Chevron & Mewbourne. Currently, the nonoperated properties are generating ~$32,520 per month in net cash flow with an increase in net cash flow expected as these new wells are drilled and come online.

Well Summary
BTA - 3 Wells; 7.0% NonOp WI & 5.55%NRI; Net 3 BOPD (Loving Field/Brushy Canon)
Chevron - 13-Wells; 3.6%NonOp WI & 3.7 % NRI (Also Includes an ORRI in 6 of the wells)
Rockcliff - 2 Wells; 5.6% NonOp WI & 4.7% NRI; 54 BOPD (Also includes ORRI in both wells)

AFE Summary
Marathon - 3 Wells (Trojan Horse Lease); All Bone Springs
Chevron - 3 Wells (CB SO 15 Lease); Wolfcamp
Mewborne - 2 Wells (Chicago Leases); Wolfcamp

Buyer Opportunity
Unique opportunity to step into 17-producing wells in area of active Bone Spring & Wolfcamp horizontal development. Lease sales near the property average ~$16,000/acre. Jetta has elected to participate in 8-Hz Wolfcamp & Bone Spring wells.

Updates
Daily Well Reports: Chicago 9/8 W0IL 1H & WOHE 1H added to 06. Well Data
PSA added to 02. PSA
Well Files for Chicago 9/8 WOH 1H and W0IL 1H added to 06. Well Data
Revenue Check Stubs & JIBs added to 03. Accounting
JOA's added to 05. Land

FOR MORE INFORMATION CONTACT RICHARD MARTIN:
Direct: 469-866-9796
Cell: 817-312-1508
Email: [email protected]

Questions Regarding This Asset? Email Richard Martin or call EAG at 214-774-2150
Virtual Data Room

EDDY CO., NM ASSET SALE

17-Producers. 8-AFEs (HBP)

DELAWARE BASIN (CORE)

1,120-Gross Acres. 197-Net Acres.

---56 Net B/S Acres; 50-Net W/C Acres

Bone Springs; Wolcamp & Brushy Canon

NONOPERATED WI FOR SALE

Gross Production: 1,281 BOED

Net Production: 59 BOED

Net Cash Flow: ~$32,520/Mn

Net PDP Reserves: 44 MBO & 115 MMCF

Operators Include - Marathon, Chevron

---BTA; Mewborne & Rockcliff

SOLD BY ENERGY ADVISORS DEC 2018

PP 7716DV

SELLER REVIEWING OFFERS AND MOVING TOWARD CLOSE

Summary
Energy Advisors Group has been retained by Jetta Operating to assist in marketing their well-positioned nonoperated Delaware Basin property in Eddy Co., NM. Included in the sale are 1,120-gross acres (197-net acres) – 100% held by production with all 197-net acres with rights from the surface to base of Delaware, 56-net acres of the 197-net acres with rights from the surface to base of Bone Spring & 50-net acres of the 197-net acres with rights from the surface to base of Wolfcamp.

The property is currently producing 1,019 BOPD & 1,576 MCFD gross (47 BOPD & 71 MCFD net) from 18-total wells (17-producers. 1-inactive) operated by 3-premier operators: BTA Oil Producers, Chevron & Rockcliff Energy.

Active Horizontal Wolfcamp & Bone Spring Development
This property is located in an area of active horizontal development for Wolfcamp & Bone Spring reservoirs. Jetta recently received AFE's and elected to participate in 8-well proposals (5-Wolfcamp & 3-Bone Spring wells) from Marathon, Chevron & Mewbourne. Currently, the nonoperated properties are generating ~$32,520 per month in net cash flow with an increase in net cash flow expected as these new wells are drilled and come online.

Well Summary
BTA - 3 Wells; 7.0% NonOp WI & 5.55%NRI; Net 3 BOPD (Loving Field/Brushy Canon)
Chevron - 13-Wells; 3.6%NonOp WI & 3.7 % NRI (Also Includes an ORRI in 6 of the wells)
Rockcliff - 2 Wells; 5.6% NonOp WI & 4.7% NRI; 54 BOPD (Also includes ORRI in both wells)

AFE Summary
Marathon - 3 Wells (Trojan Horse Lease); All Bone Springs
Chevron - 3 Wells (CB SO 15 Lease); Wolfcamp
Mewborne - 2 Wells (Chicago Leases); Wolfcamp

Buyer Opportunity
Unique opportunity to step into 17-producing wells in area of active Bone Spring & Wolfcamp horizontal development. Lease sales near the property average ~$16,000/acre. Jetta has elected to participate in 8-Hz Wolfcamp & Bone Spring wells.

Updates
Daily Well Reports: Chicago 9/8 W0IL 1H & WOHE 1H added to 06. Well Data
PSA added to 02. PSA
Well Files for Chicago 9/8 WOH 1H and W0IL 1H added to 06. Well Data
Revenue Check Stubs & JIBs added to 03. Accounting
JOA's added to 05. Land

FOR MORE INFORMATION CONTACT RICHARD MARTIN:
Direct: 469-866-9796
Cell: 817-312-1508
Email: [email protected]

Questions Regarding This Asset? Email Richard Martin or call EAG at 214-774-2150