The North Bishop Field Oil Prospect- DRILLED

Completed 4/2024

Location -Nueces County, Texas

Land- 160 acres, adjacent to lease HBP

Proposed Depth- 7800', down to the Upper Austin Oil Sand (no intermediate pipe needed)

9 potential targets
Kaiser Oil Sand - IP’d 50 to 175 BOPD
Bertram Oil Sand - IP’d 100 to 150 BOPD
Wardner Oil Sand - IP’d 100 to 150 BOPD
Plueger Oil Sand - IP’d 100 to 200 BOPD
King Ranch Oil Sand - IP’d 50 to 100 BOPD
Upper Austin Oil Sand - IP’d 100 to 150 BOPD

Geology- Faulted Closure and Stratigraphic trap. Depletion and Water drive reservoir with high recovery rates. 4 well potential.

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

Potential Reserves- # MMBO & # BCFG (Still mapping up all the targets)

Offset Production

-Bishop, 0.25 miles away
2.7 MMBO & 41.2 BCF
-Big Caesar, 2 miles away
578.8 MMBO & 10.4 TCF
-Stratton Field, 2 miles away
104 MMBO & 3.3 TCF
-Borregos, 2 mile away
124 MMBO & 3 TCF
-Clara Driscoll, 4 miles away
21.7 MMBO & 107.2 BCF
-Agua Dulce, 10 miles away
55.1 MMBO & 2.5 TCF

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