SE NEW MEXICO SALE PACKAGE

LEA CO., NM ASSETS FOR SALE

37-Wells (21-Producers, 10-Injectors, 1-SWD)

HOBBS, GARRETT & SHIPP FIELDS

BLINEBRY, DRINKARD & STRAWN

Formation Depth: 6,000-11,000 TVD

MULTIPAY RESERVOIRS

BEHIND PIPE & NEW WATERFLOOD OPTIONS

WATERFLOOD OPERATIONS

80-100% OPERATED WI. High NRIs.

Gross Production: 156 BOPD & 523 MCFD

Net Production: 113 BOPD & 306 MCFD

Operating Cash Flow: $199,000/Mn (L12M)

SELLER ASKING PV20-25 or 3+ YRS CASH

PP 1835DV