MICHIGAN BASIN RE-DRILL PROSPECTS

LEE TWP., CALHOUN CO., MICHIGAN

1-Immediate Re-Entry. 1-Development Well

Michigan Basin. Step-Out Locations.

Trenton-Black River, 4800'

2-Low Risk Prospects in Established Field

Reprocessed 2D and 3D Seismic

11-54% WI Available; 78-80% NRI's

Est. Reserves: 75 - 115 MBO/Well

3-D Seismic Confirms Solid Results

Drilling Permits Approved

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DV 5116