EAGLE FORD NON-OP PACKAGE

SUMMARY

Energy Advisors Group has been retained by GAIL Global (USA) Inc. to market their nonoperated working interest position in the Eagle Ford volatile oil window in La Salle and Frio Counties, TX. This portfolio includes 91-wells which tap into the highly economic Lower Eagle Ford and offers another 13 horizontal drilling locations for future development. This opportunity generates a solid cash flow of US$350,000/mo from the unconventional Eagleville field and is operated by both Texas American Resources (TARC) and Crescent Energy.

The asset is located within the core Eagle Ford fairway and includes several productive geological formations, including the Austin Chalk. The Austin Chalk is particularly important here because it has excellent rock properties, making it a great option for co-development. Key leases operated by TARC, including Anderson, Cassin, Crawford, and Perrigo, offer adjacent land with strong economics and untapped growth potential.

Moreover, this package reflects ongoing development, with 32 wells drilled on GGUI’s position since 2018, highlighting the viability of the 13 identified PUDs. The engineering data, available in both PHDWin and ARIES databases, includes the latest accounting and production data with an effective date of July 1, 2026. GAIL’s evaluation shows a PDP net present value discounted at 10% of US$16,961,216, supported by net reserves of 966,053 Boe.

JOA Highlights

We encourage interested parties to evaluate this asset, as GGUI's nonoperated working interest offers several favorable terms under its Joint Operating Agreements (JOA). GGUI has the right to propose operations, including drilling of new wells, completions, recompletions, re-works, deepening, or any other operations on the same well. These provisions in the JOA add flexibility and value. Additionally, the assets are subject to joint operating agreements, which are based on the AAPL 1989 Form. There is not a preferential right to purchase.

Additionally, GGUI has the option to take its share of oil and gas production in-kind or market it separately. GGUI also retains the right to participate in the renewal or replacement of any oil and gas leases or interests, which adds further potential for future value and development.

Shaping Of GAIL's Eagle Ford Portfolio

This position was formed in 2011 through a Carrizo-GGUI unincorporated joint venture aimed to develop the Eagle Ford. Significant capital was deployed to unlock the potential of the acreage through horizontal drilling, advanced well completions, and production optimization techniques.

However in 2020, following Callon's acquisition of Carrizo, a strategic portfolio realignment occurred as Callon turned around and sold its Eagle Ford assets in two key transactions: a $100 million sale to Texas American Resources Company (TARC) in Oct. 2021 and a $655 million sale to Ridgemar effective Jan. 2023. These deals replaced Callon and Carrizo's operatorship with TARC and Ridgemar as the new operators managing GAIL's position.

Sale Package Highlights:

1. Eagle Ford NonOperated Sale Package (La Salle & Frio Cos., TX).
2. 91-Wells, 13-PUDs. Operated By TARC & Crescent.
3. EAGLEVILLE FIELD
4. Lower Eagle Ford Production.
5. Up to 20% NonOperated WI; 75% Lease NRI.
6. Gross Production: 2,044 BOPD & 3,661 MCFD
7. Net Volumes: 260 BOPD & 498 MCFD
8. Net Cash Flow: ~$350,000/Month
9. Energy Advisors Group Has Provided a PHDWin & ARIES Database In The VDR

Here is a summary page out of the summary brochure:

Eagle Ford Targets

Geologically, the assets are located in an active and prospective area with ongoing drilling activity and an expected increase in rig activity for 2026. Offset operators have demonstrated the potential for multi-zone development by successfully co-developing both the Upper and Lower Eagle Ford intervals.

GGUI's reserve report primarily focuses on the Lower Eagle Ford development, however the Upper Eagle Ford also presents a strong opportunity for future development. The “wine-rack” development strategy used for the Lower Eagle Ford has allowed operators to optimize well spacing and maximize their inventory, further boosting the economic potential of this asset.

Upon execution of a Confidentiality Agreement, EAG will grant access to confidential evaluation material in the virtual data room, as shown on the right.

Be sure to download the important 13 page bid instructions in the dataroom, which walk you through the entire process.

Please direct all inquiries to the primary EAG contacts listed below:

Rich Martin

Director

---Email: [email protected]

---Phone: 469-866-9796

Blake Dornak

Vice President

---Email: bdornak@energyadvisors.com

---Phone: 713-600-0169

Houston Office

4265 San Felipe, Suite 650

Houston, TX, 77027

---Main: 713-600-0123 and/or 713-600-0169