West Alfred Oil Prospect - DRILLED

Completed 12/2023

Location -Jim Wells County, Texas

Land- 438 acres, 1 well holds entire acreage.

Proposed Depth- 5300', down to the Stillwell Formation (no intermediate pipe needed)

18 potential targets
Miocene Gas Sands - IP’d 300 to 500 MCFD
3200' Hollow Tree Oil Sand - IP’d 50 to 175 BOPD
3300' “Teresa” Hollow Tree Oil Sand - IP’d 75 to 150 BOPD
4300' Hollow Tree Oil Sand - IP’d 50 to 175 BOPD
Beirstadt Oil Sand- IP’d 100 to 175 BOPD
Alice Sand - IP’d 1000 to 2000 MCFD
Stillwell Sands - IP’d 1000 to 2000 MCFD

Geology- Faulted Anticlinal Closure. Water drive reservoir with high recovery rates. 5 well potential.

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

Potential Reserves- 5.1 MMBO & 7.3 BCFG

Offset Production

Alfred Field, .25 mile away
2 MMBO & 25.2 BCF
Reynolds Field, 1 miles away
2.6 MMBO & 8 BCF
Orange Grove Field, 3 mile away
5.3 MMBO & 19 BCF
Wade City Field, 3 miles away
10.2 MMBO & 84 BCF
Quinto Creek Field, 3.5 mile away
1.9 MMBO & 44 BCF
Richard King Field, 6 miles away
22.5 MMBO & 83 BCF

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