SMALL MATURE PERMIAN PKG

WEST TEXAS SALE PACKAGE

69-Wells. 47-Active. 8.3-Surface Acres

CANYON, GLORIETA, STRAWN, & TANNEHILL

Unattended Assets. Need Attention.

Shallow Conventional Oil Plays

Optimal Maintenance Opportunity

Remedial & Recompletion Possible

More Economical At $75-$80 Oil

84% OPERATED WI; 63% NRI

Gross Production: 68 BOPD

Net Volumes: 44 BOPD

March 24; PDP PV20: $319,720

PDP Reserves: >93 MBOE (~100% Oil)

Salvage, Stripper & Equipment

SELLER LIQUIDATING NONCORE ASSETS

PP 3402DV