South Orange Grove Prospect - 60% left

Drilling Q2 2024.

Location -Jim Wells County, Texas

Land- 171 acres, 3 year paid up lease, All depths, 2nd well holds entire lease

Proposed Depth- 5825', down to the Stillwell Formation (no intermediate pipe needed)

18 potential targets
Miocene Gas Sands - IP’d 300 MCFD
Hollow Tree Oil Sands - IP’d 25 to 50 BOPD
Pundt Sand - IP’d 75 to 150 BOPD
Beirstadt Oil Sand- IP’d 5 BOPD & 700 MCFD
McNeill Oil Sands - IP’d 75 to 150 BOPD
Lou Ella Sand - IP’d 50 to 100 BOPD & 700 MCFD
Stillwell Sands - IP’d 5 BOPD & 700 MCFD

Geology- Faulted Graben Closure. Water drive reservoir with high recovery rates. 3 well potential.

Trade- 25% carry on initial well only, 75% NRI.

Potential Reserves- 2 MMBO & 3 BCFG

Offset Production

Orange Grove Field, .25 mile away
5.3 MMBO & 19 BCF
Wade City Field, 1 miles away
10.2 MMBO & 84 BCF
Quinto Creek Field, 1 mile away
1.9 MMBO & 44 BCF
Reynolds Field, 2 miles away
2.6 MMBO & 8 BCF
Richard King Field, 8 miles away
22.5 MMBO & 83 BCF
Aqua Dulce Field, 12 miles away
54 MMBO & 2.75 TCF

**All prospects are subject to prior sale without notice**