Cadena Graben Oil Prospect - 50% Remaining

Drilling Q1 2025

Location -Duval County, Texas

Land- 232 acres. 3 years paid up lease. Deep rights down to the base of the Wilcox (~20,000 ft.), 1st well holds entire lease

Proposed Depth- 6500', down to the bottom of the Yegua Section (no intermediate pipe needed)

21 potential targets
1100' Miocene Oil Sand - IP’d 50 to 100 BOPD
3450' Frio Oil Sand - IP’d 50 to 75 BOPD
Hockley Tedley Sand - IP’d 50 to 100 BOPD
Hockley Woodley Sand - IP’d 50 to 100 BOPD
Hockley Parr Sand- IP’d 50 to 100 BOPD
Yegua Oil Sands - IP’d 50 to 100 BOPD

Geology- Graben trap structure. Water drive reservoir with high recovery rates. 5 well potential.

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

Potential Reserves- 3.5 MMBO

Offset Production

Cadena Field, 500 feet away
2.05 MMBO & 17.9 BCF
Tesoro Field, .25 miles away
1.15 MMBO & 1.5 BCF
San Diego Field, 1 mile away
1.36 MMBO & 15.9 BCF
Piedras Pintas, 3 miles away
4.7 MMBO & 0.4 BCF
Bridwell Field, 3 miles away
1.2 MMBO & 2.7 BCF
Benavides, 5 miles away
22.2 MMBO & 15.9 BCF

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