Bright Green Zone Perforated 14 ft of Lower zone & IP’d @ 330 B/D. This zone may have recharged & will be t

1. The best 11ftperf’d would yield 143,000 Bbls Oil Calculations indicate that the 5182-85 interval has Swof 41% 7 Zones above old Perfs total 20 ft of Pay PLUS Additional 4 ft of Lower Pay below the old perfs. Bright Green Zone Perforated 14 ft of Lower zone & IP’d @ 330 B/D. This zone may have recharged & will be tested first.

2. Down Dip Producers & their Initial Production Rates IP 243 B/D IP 54 B/D IP 77 B/D IP 66 B/D IP 55 B/D Location of Reentry Well The Dark Green Band Is Considered Oil Depleted The Light Green Band is Considered Virgin Reservoir

3. Re-entry of a well drilled in 1942 will give us a VERY inexpensive look at 14 feet of Past Productive Perforations that may have been recharged over the last 50 yrs of dormancy & 24 ft of Highly Prospective Reservoirs that were never perforated. A lower zone contributed to the 840,000 Bbls of oil that this lease has already produced. Step 1 Re-enter well & clean out existing 14 ft of perfs. If economic rates of oil result, then simply allow the well to produce. Step 2 Perforate additional sands above & below the original perfs. Step 3 Would ONLY Ensue If Results of Steps 1 & 2 Were Negative. Deepen this well 600 ft to test 3 additional sands that indicate Excellent structural position