Slides to accompany Investor Call 17 April, 2012 Prepared by Arthur E. Berman, Director Labyrinth Consulting Services, Inc.
The Upgraded Woodbine play Analogous to the nearby Polk County AA Wells field The AA Wells field has produced circa 20 million barrels of condensate and 415 bcf of natural gas to date JV believes its acreage may have potential to…
Geological Background Tyler County Woodbine JV acreage is geologically analogous to the nearby Polk County AA Wells field (which has produced 20 MMB Condensate and 415 BCF gas) but defined only by 2-D seismic. Probably deposited…
Modelled Potential Individual Woodbine Well Economics Gross Unrisked Tyler/Polk County Woodbine/Chalk Project Tyler/Polk County Woodbine/Chalk Project PV10 Analysis PV10 Analysis VERTICAL CASE HORIZONTAL CASE Assumptions…
Austin Chalk (AC) Review Geology and potential unchanged(1)(2) Purple Structure: 11,400 acres 28 locations 9 units Cyan Structure: 17,400 acres 24 locations 8 units Note: (1) Red dots represent modelled reserves from…
Status Update - KF1H Well KF1H well has been delayed primarily as a result of macroeconomic factors deteriorating natural gas prices, prohibitively high drilling costs and a tight rig market. A shift in portfolio management from…
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