NORTH DAKOTA WATERFLOODS FOR SALE

BOTTINEAU & RENVILLE COS., ND

80-Wells (55-Producers, 5-TA, 20-WIW/SWD)

MADISON POOL. MULTI PAY RESERVOIRS

3-D Proprietary Seismic Coverage

Historical Under-Investment

LONG LIFE CONVENTIONAL OIL

Shallow Decline w/ Consistent Oil Cut

97.9% Operated WI; ~80% NRI

Gross Production: 260 BOPD

Net Volumes: 204 BOPD

Operating Cash Flow: $316,000/Mn

PDP PV-20 of $12,500,180

SIGNIFICANT UPSIDE. SEE NARRATIVE

PP 6219DV