ALABAMA WATERFLOOD PACKAGE

CLARKE & BALDWIN COS., AL

37-Producers. 5,400-Acres. 100% HBP

SOUTH CARLTON FIELD

MASSIVE & PILOT SANDS

---Secondary Eutaw Targets

Pilot Sands Waterflood Expansion

100% OPERATED WI; 80% NRI

Gross Prod: 325 BOPD (261 BOPD Net)

July 2022 Net Income: >$220,000/Mn

PDP PV-10: $20,076,000

Net PDP Reserves: 1,991 Mbbl

Net Waterflood Reserves: 7,368 Mbbl

NEGOTIATED SALE- CALL TO MAKE OFFER

PP 1614DV