SEC Filings

Highly Prospective Matthews Lease Features Two Resource Targets

EagleFord Shale
(4500 feet TVD)

• Up to 20 horizontal locations @ 130 acre spacing (based on analog EOG Energy spacing)
• 4 million barrels oil resource potential according to RPS Group

• 70 million barrels of heavy oil in place in San Miguel D1 Sands, 6.844 million barrels recoverable according to RPS Group

Low Risk, High Quality Murphy Lease

2637 acres located in northeast Zavala County, Texas

Eagle Ford Shale
(4200 ft TVD)

• Up to 20 horizontal locations @ 130 acre spacing (based on analog EOG Energy spacing)
• 4 million barrels oil resource potential according to RPS Group