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NEW ALBANY SHALE - ILLINOIS BASIN

Acreage & Leasehold

All Standard Disclaimers Apply & Seller Rights Retained


KENTUCKY ACREAGE FOR SALE

49,894-Gross Acres.

One (Shallow) Test Well

ILLINOIS BASIN

NEW ALBANY (OIL & GAS WINDOW)

Analogous To Major U.S Oil Shale Plays

Thicker, Deeper, Thermally Mature Trend

Recompletion Opportunity Of Test Well

OPERATED WI FOR SALE. 87.5% NRI

Original Wells Showed 42 Degree Oil.

Extensive G&G and Well Analysis

STRONG SCIENTIFIC REVIEW

Favorable Reservoir Characteristics

5-Yr Acreage Extensions Possible

HIGHLY MOTIVATED SELLER

L 8217DV

Summary
Energy Advisors Group has been retained by EOG Resources, Inc. ("EOG") to market their New Albany Shale acreage position in the Illinois Basin. Included in the sale is a substantial footprint of almost 50,000 net acres across Butler, Ohio, Grayson & Muhlenberg Cos., KY.

The position includes:
-- Favorable lease NRI of 87.5% across all the leases
-- Additional Acreage Has Expired In 2019.
-- Options to Extend Acreage For 5-years.
-- Additional Second Options Exists to Extend on Parts of the Acreage.

EOG owns interest in 1-test well on the position. RG Exploration drilled the Newton Farms #1 (API: 16-031-01393) to a depth of 5,030 feet through the New Albany Shale with total depth reaching into the Trenton Formation. The Newton Farms #1 can be recompleted to test the Grassy Creek member of the New Albany Shale.

New Albany Shale HZ D&C: ~$900,000/Well

The substantial size of the position is primed to test and develop wells in an area studied by EOG for exploration potential.

Geology
The New Albany Shale is the principle source rock in the Illinois Basin with 3-intervals (Grassy Creek, Selmier & Blocher members) that has produced over 4.0 billion barrels of oil and 4.0 Tcf of gas to date.

This shale was formed and deposited at the same time as four other prolific source rocks in North America that include:
-- Williston Basin/ Bakken Shale
-- Anadarko Basin/ Woodford Shale
-- Appalachian Basin/ Marcellus Shale
-- Michigan Basin/ Antrim Shale

Historically, the New Albany Shale has been a horizontal gas play to the east in Indiana and Kentucky, but with modern drilling and completion techniques the potential to exploit the oil and natural gas windows across EOG's position is promising.

New Albany Shale Oil discoveries in close proximity to the leasehold recorded favorable reservoir characteristics (42 degree API Oil & GOR= 1,500) at ~1,700' depth with IP's ranging from 20-100 BOPD.

EOG's position is located in the Rough Creek Graben, which is an East-West trending graben in Western Kentucky. The New Albany Shale section is thicker, deeper and more thermally mature reservoir than the current producing area confirmed from core samples from initial test well. This reservoir environment is conducive to higher oil production rates.

Extensive geologic analysis and well data on the Newton Farms #1 is available for review in the VDR.

TO LEARN MORE
Energy Advisors Group
Ms. Carrie Calahan
5120 Woodway Dr Ste 10010
Houston, TX 77056
----Phone: 713-600-0137 Fax: 713-600-0138
----Email: [email protected]

Or Call Mark Gerges at 713-600-0123 or email [email protected]

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

KENTUCKY ACREAGE FOR SALE

49,894-Gross Acres.

One (Shallow) Test Well

ILLINOIS BASIN

NEW ALBANY (OIL & GAS WINDOW)

Analogous To Major U.S Oil Shale Plays

Thicker, Deeper, Thermally Mature Trend

Recompletion Opportunity Of Test Well

OPERATED WI FOR SALE. 87.5% NRI

Original Wells Showed 42 Degree Oil.

Extensive G&G and Well Analysis

STRONG SCIENTIFIC REVIEW

Favorable Reservoir Characteristics

5-Yr Acreage Extensions Possible

HIGHLY MOTIVATED SELLER

L 8217DV

Summary
Energy Advisors Group has been retained by EOG Resources, Inc. ("EOG") to market their New Albany Shale acreage position in the Illinois Basin. Included in the sale is a substantial footprint of almost 50,000 net acres across Butler, Ohio, Grayson & Muhlenberg Cos., KY.

The position includes:
-- Favorable lease NRI of 87.5% across all the leases
-- Additional Acreage Has Expired In 2019.
-- Options to Extend Acreage For 5-years.
-- Additional Second Options Exists to Extend on Parts of the Acreage.

EOG owns interest in 1-test well on the position. RG Exploration drilled the Newton Farms #1 (API: 16-031-01393) to a depth of 5,030 feet through the New Albany Shale with total depth reaching into the Trenton Formation. The Newton Farms #1 can be recompleted to test the Grassy Creek member of the New Albany Shale.

New Albany Shale HZ D&C: ~$900,000/Well

The substantial size of the position is primed to test and develop wells in an area studied by EOG for exploration potential.

Geology
The New Albany Shale is the principle source rock in the Illinois Basin with 3-intervals (Grassy Creek, Selmier & Blocher members) that has produced over 4.0 billion barrels of oil and 4.0 Tcf of gas to date.

This shale was formed and deposited at the same time as four other prolific source rocks in North America that include:
-- Williston Basin/ Bakken Shale
-- Anadarko Basin/ Woodford Shale
-- Appalachian Basin/ Marcellus Shale
-- Michigan Basin/ Antrim Shale

Historically, the New Albany Shale has been a horizontal gas play to the east in Indiana and Kentucky, but with modern drilling and completion techniques the potential to exploit the oil and natural gas windows across EOG's position is promising.

New Albany Shale Oil discoveries in close proximity to the leasehold recorded favorable reservoir characteristics (42 degree API Oil & GOR= 1,500) at ~1,700' depth with IP's ranging from 20-100 BOPD.

EOG's position is located in the Rough Creek Graben, which is an East-West trending graben in Western Kentucky. The New Albany Shale section is thicker, deeper and more thermally mature reservoir than the current producing area confirmed from core samples from initial test well. This reservoir environment is conducive to higher oil production rates.

Extensive geologic analysis and well data on the Newton Farms #1 is available for review in the VDR.

TO LEARN MORE
Energy Advisors Group
Ms. Carrie Calahan
5120 Woodway Dr Ste 10010
Houston, TX 77056
----Phone: 713-600-0137 Fax: 713-600-0138
----Email: [email protected]

Or Call Mark Gerges at 713-600-0123 or email [email protected]

Questions Regarding This Asset? Email Carrie Calahan or call EAG at 713-600-0123