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January 29, 2003

January 29, 2003. PBOG MeetingMidland, Texas. 2. Test Well Facilities. The Texas Tech University Test Well Facilities continues the procurement stage of the production facilities.Donations have been secured for the following items.Two-Phase separator and Heater Treater from NATCO GROUP.Lufkin C

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January 29, 2003

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    1. January 29, 2003 PBOG Meeting Midland, Texas

    2. January 29, 2003 PBOG Meeting Midland, Texas 2 Test Well Facilities The Texas Tech University Test Well Facilities continues the procurement stage of the production facilities. Donations have been secured for the following items. Two-Phase separator and Heater Treater from NATCO GROUP. Lufkin C456D-305-144 Pumping Unit with Pump off Controller. Ajax Gas Compressor from Universal Compression VSD for ESP and Pumping unit from ABB Sucker Rod wellhead assembly from R&M Energy systems

    3. January 29, 2003 PBOG Meeting Midland, Texas 3 Donated Equipment Specifications Lufkin Pumping Unit C456D-305-144 Pump off Controller Contact: Mr. Cecil L. Hunt Jr. Lufkin Industries, Inc. Oilfield Division P. O. Box 849 Lufkin, Texas 75902-0849 Phone:(936) 637-5667 Fax: (936) 637-5306 Email: chunt@lufkin.com

    4. January 29, 2003 PBOG Meeting Midland, Texas 4 Lufkin Pumping Unit Pad Red Raider No. 1

    5. January 29, 2003 PBOG Meeting Midland, Texas 5 Donated Equipment Specifications NATCO GROUP Two Phase Separator 16 in x 5 ft x 1440 psi. 800 bbls of Fluid per day Contact Information: NATCO ODESSA 6609 West 16th Street Odessa, Texas 79763 Phone: (915) 530-3600 Fax: (915) 530-3636

    6. January 29, 2003 PBOG Meeting Midland, Texas 6 Donated Equipment Specifications NATCO GROUP Heater Treater 4 ft x 20 in. x 50 psi 860 bbls of Fluid per day Contact Information: NATCO ODESSA 6609 West 16th Street Odessa, Texas 79763 Phone: (915) 530-3600 Fax: (915) 530-3636

    7. January 29, 2003 PBOG Meeting Midland, Texas 7 Red Raider No. 1 Equipment (Awaiting Delivery) Stock Tanks (Permian Tank Company, Odessa, Texas) Three (3) 12ft x 25 ft, API 12F Type B Cone bottom, tanks with inch plate and 1 in roll lines. OCTG Pipe (Tubing) Five Star Pipe (Odessa, Texas) 4150 ft, 2-7/8 inch, J-55, 6.5 #/ft, R2, SCC Cont. Casing (Houston, Texas) 1500 ft, 3-1/2 inch, J-55, 9.30 #/ft, R2, SCC Cont. Casing (Houston, Texas) 4150 ft, 1.315 inch, J-55, R2, EUE

    8. January 29, 2003 PBOG Meeting Midland, Texas 8 Red Raider No. 1 Equipment (Awaiting Delivery, Feb 1st)

    9. January 29, 2003 PBOG Meeting Midland, Texas 9 Toshiba Oil Field Motor and Cutler Hammer Panel

    10. January 29, 2003 PBOG Meeting Midland, Texas 10 R&M Energy Systems Equipment Sucker Rod Pumping

    11. January 29, 2003 PBOG Meeting Midland, Texas 11 Pipe Racks Red Raider No. 1

    12. January 29, 2003 PBOG Meeting Midland, Texas 12 Utility Easements (Water, Electric, Gas, Data) Fence Line

    13. January 29, 2003 PBOG Meeting Midland, Texas 13 LP&L Electric (12,100 Volt)

    14. January 29, 2003 PBOG Meeting Midland, Texas 14 ATMOS Gas Line

    15. January 29, 2003 PBOG Meeting Midland, Texas 15 Location Preparation (Gas Pipeline)

    16. January 29, 2003 PBOG Meeting Midland, Texas 16 Location Preparation (Water Well)

    17. January 29, 2003 PBOG Meeting Midland, Texas 17 Butchs Rat Hole (Guy Line Anchors)

    18. January 29, 2003 PBOG Meeting Midland, Texas 18 Location Preparation (Location Prep.)

    19. January 29, 2003 PBOG Meeting Midland, Texas 19 Lease Sign SWR No. 3

    20. January 29, 2003 PBOG Meeting Midland, Texas 20 Test Well Web Page (1)

    21. January 29, 2003 PBOG Meeting Midland, Texas 21 Test Well Web Page (2)

    22. January 29, 2003 22 Corporate Project Sponsors

    23. January 29, 2003 PBOG Meeting Midland, Texas 23 Test Well Facilities Schedule We are currently waiting on the split hanger for the tubing head. We hope to have the Lufkin Unit set by Feb. 1, 2002. We will move tubing to the racks after the pumping unit is set. The Separation facilities and stock tanks will be ready by the end of May 2003. We hope to have the pumping unit component ready for testing by May 2003.

    24. Test Well Facilities

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