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On the Market: N Central Basin - 42,296 Net Acres, Central Basin - 20,546 Net Acres, Midland Basin - 3 Well Package, Central Basin - Levelland (Masten Unit), Eagle Ford - 9 Well Package

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On the Market: N Central Basin - 42,296 Net Acres, Central Basin - 20,546 Net Acres, Midland Basin - 3 Well Package, Central Basin - Levelland (Masten Unit), Eagle Ford - 9  Well Package
SM Energy - Permian Basin – 42,296 Net Leasehold Acres - 7 Well Package (Operations and ORRI) - Andrews, Dawson and Gaines Counties, Texas

6 Operated Wells:

100% GWI (Avg NRI: 76.125%) in 2 Producing and 2 T&A'd Wells 33.333% GWI (NRI: 25%) in 2 Producing Wells 0.25% ORRI in the Boles 3 #2 Well Operated by Midland Energy, Inc. 9-Month Average Net Income: $23,863/mo. Current Average 8/8ths Production: 220 BOPD and 208 MCFPD

1 Active Permit:

UL 6-20 Unit 1H Well - Spraberry (Trend Area)

Buffalo Prospect:

Cape Buffalo: 9,283 Gross/Net Acres (University Leases) Large Contiguous Block

White Buffalo: 70,000 Gross/ 33,013 Net Ares (Fee Leases)

Sizeable Acreage Positions Prospective Vertical Reservoirs: Spraberry - Dean Wolfcamp Strawn Mississippian Devonian / Fusselman

Prospective…

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