| Oil & Gas Prospects |
| SHALLOW OIL DRILLING PROGRAMS RANCHO SAENZ PROSPECT (Duval Co) PROPOSED WELL DEPTH: 7200 feet LAHEE WELL CLASSIFICATION: 3-D Wildcat TRAP TYPE: Structure - Down-to-the-coast 100-200 foot Fault TREND FIELD(S): S W San Diego (Upper Yegua) - 1 Million BBLS Oil FIELD RESERVE ESTIMATE: 1.2 Million bbls oil & 5-8 Bcf gas ESTIMATED INITIAL PRODUCTION RATE: 2 mmcfpd ESTIMATED NUMBER OF WELLS: 3-8 wells DRY-HOLE COST: $800K LEASE COST: $180K PIPELINE ACCESS: Good sales line access PROSPECT NET REVENUE: 75% NRI PROSPECT GROSS RETURN ON INVESTMENT (ROI): >25:1 PROSPECT STATUS: Available, have 2-D & 3-D Seismic ACREAGE STATUS: Partially Leased GEOLOGIST CONSIDERATION: $50K + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes PROPOSED WELL DEPTH: 3500 feet LAHEE WELL CLASSIFICATION: 3-D Wildcat TREND FIELD(S): Roma (QC) Field TRAP TYPE: Structure - Antithetic 150 foot Fault FIELD RESERVE ESTIMATE: 5 MBO ESTIMATED INITIAL PRODUCTION RATE: 70-90 bopd ESTIMATED NUMBER OF WELLS: 20-30 wells DRY-HOLE COST: $100K LEASE COST: $250K PIPELINE ACCESS: Fair sales line access (but high pressure lines) PROSPECT NET REVENUE: 73% NRI PROSPECT GROSS RETURN ON INVESTMENT (ROI): 43:1 PROSPECT STATUS: 2-D seismically controlled (3-D will verify large closure) ACREAGE STATUS: Open (Negotiating Lease) GEOLOGIST CONSIDERATION: $25K + 2% ORRI + 3% BIAPO WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes FRIO/VICKSBURG PROSPECT I (Duval Co) PROPOSED WELL DEPTH: 6500 feet LAHEE WELL CLASSIFICATION: Developmental (Twin old gas well never produced) TRAP TYPE: Stratigraphic Sand Pinch-out on Monoclinal Structure TREND FIELD(S): 16 Bcf Look-A-Like Field (2-Wells) FIELD RESERVE ESTIMATE: 8-10 Bcf gas ESTIMATED INITIAL PRODUCTION RATE: 2-3 mmcfpd ESTIMATED NUMBER OF WELLS: 2 wells DRY-HOLE COST: $180K LEASE COST: $100K PIPELINE ACCESS: Good sales line access PROSPECT NET REVENUE: 75-72% NRI PROSPECT GROSS RETURN ON INVESTMENT (ROI): 92:1 PROSPECT STATUS: No 3-D seis required! ACREAGE STATUS: Open (negotiating lease) GEOLOGIST CONSIDERATION: $30,000 + 3% ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes PROPOSED WELL DEPTH: 7200 feet LAHEE WELL CLASSIFICATION: 2-D Wildcat (In Jaboncillo Field) TRAP TYPE: Structure - Down-to-the-coast 200 foot Fault TREND FIELD(S): Jaboncillo (Yegua) - 8 Bcf FIELD RESERVE ESTIMATE: 5-8 Bcf gas ESTIMATED INITIAL PRODUCTION RATE: 2 mmcfpd ESTIMATED NUMBER OF WELLS: 2 -3 wells DRY-HOLE COST: $500K LEASE COST: $80K PIPELINE ACCESS: Good sales line access PROSPECT NET REVENUE: 75% NRI PROSPECT GROSS RETURN ON INVESTMENT (ROI): 25:1 PROSPECT STATUS: Have all 2-D lines ACREAGE STATUS: Leased GEOLOGIST CONSIDERATION: $30K + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes SHALLOW OIL WORKOVER PROJECTS HIGH GREEN PROSPECT (Brooks Co) PROPOSED WORKOVER DEPTH: 1000 feet LAHEE WELL CLASSIFICATION: OWWO (In Frio Oil Sand) TRAP TYPE: Structure - Four-way closure on trapping fault TREND FIELD(S): None FIELD RESERVE ESTIMATE: 20,000 bbls oil ESTIMATED INITIAL PRODUCTION RATE (PER WELL): 2-5 bbls/d NUMBER OF WELLS TO WORKOVER: 1-3 wells, maybe more WORKOVER COST (PER WELL): $10K-35K LEASE COST: $80K PIPELINE ACCESS: Good sales line access PROSPECT NET REVENUE: 75% NRI PROSPECT ESTIMATED GROSS RETURN ON INVESTMENT (ROI): >8:1 PROSPECT STATUS: Open ACREAGE STATUS: Optioned/Leased GEOLOGIST CONSIDERATION: $7K/well + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes SALDOMA PROSPECT (Duval Co) PROPOSED WORKOVER DEPTH: 1000 feet LAHEE WELL CLASSIFICATION: OWWO (In Catahoula Oil Sand) TRAP TYPE: Structure - Four-way closure on trapping fault TREND FIELD(S): None FIELD RESERVE ESTIMATE: 20,000 bbls oil ESTIMATED INITIAL PRODUCTION RATE (PER WELL): 2-5 bbls/d NUMBER OF WELLS TO WORKOVER: 2-3 wells WORKOVER COST (PER WELL): $10K-35K LEASE COST: $80K PIPELINE ACCESS: Good sales line access PROSPECT NET REVENUE: 75% NRI PROSPECT ESTIMATED GROSS RETURN ON INVESTMENT (ROI): >8:1 PROSPECT STATUS: Open ACREAGE STATUS: Optioned/Leased GEOLOGIST CONSIDERATION: $7K/well + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes ANNABELL PROSPECT (Duval Co) PROPOSED WORKOVER DEPTH: 6000 feet LAHEE WELL CLASSIFICATION: OWWO to another zone (In Tinney Oil Sand) TRAP TYPE: Structure - High-side closure on trapping fault TREND FIELD(S): Buena Suerte Oil Field (Tinney) - 500,000 bbls oil FIELD RESERVE ESTIMATE: 100,000 bbls oil ESTIMATED INITIAL PRODUCTION RATE (PER WELL): 20-40 bbls/d NUMBER OF WELLS TO WORKOVER: 2 wells WORKOVER COST(PER WELL): $50K-100K LEASE COST: $80K PIPELINE ACCESS: Good sales line access PROSPECT NET REVENUE: 75% NRI PROSPECT ESTIMATED GROSS RETURN ON INVESTMENT (ROI): >25:1 PROSPECT STATUS: Open ACREAGE STATUS: Optioned/Leased GEOLOGIST CONSIDERATION: $7K/well + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes ATILLA PROSPECT (Duval Co) PROPOSED WORKOVER DEPTH: 5000 feet LAHEE WELL CLASSIFICATION: OWWO to another zone (In Tinney Oil Sand) TRAP TYPE: Structure - High-side closure on trapping fault TREND FIELD(S): Buena Suerte Oil Field (Tinney) - 500,000 bbls oil FIELD RESERVE ESTIMATE: 40,000 bbls oil ESTIMATED INITIAL PRODUCTION RATE (PER WELL): 15-30 bbls/d NUMBER OF WELLS TO WORKOVER: 1 well WORKOVER COST(PER WELL): $20K-40K LEASE COST: $80K PIPELINE ACCESS: Good sales line access PROSPECT NET REVENUE: 75% NRI PROSPECT ESTIMATED GROSS RETURN ON INVESTMENT (ROI): >20:1 PROSPECT STATUS: Open ACREAGE STATUS: Optioned/Leased GEOLOGIST CONSIDERATION: $7K/well + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes TINNEY PROSPECT (Duval Co) PROPOSED WORKOVER DEPTH: 6000 feet LAHEE WELL CLASSIFICATION: OWWO to another zone (In Tinney Oil Sand) TRAP TYPE: Structure - High-side closure on trapping fault TREND FIELD(S): Buena Suerte Oil Field (Tinney) - 500,000 bbls oil FIELD RESERVE ESTIMATE: 100,000 bbls oil ESTIMATED INITIAL PRODUCTION RATE (PER WELL): 20-40 bbls/d NUMBER OF WELLS TO WORKOVER: 2 wells WORKOVER COST(PER WELL): $50K-100K LEASE COST: $80K PIPELINE ACCESS: Good sales line access PROSPECT NET REVENUE: 75% NRI PROSPECT ESTIMATED GROSS RETURN ON INVESTMENT (ROI): >30:1 PROSPECT STATUS: Open ACREAGE STATUS: Optioned/Leased GEOLOGIST CONSIDERATION: $7K/well + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes HANSON PROSPECT (Duval Co) PROPOSED WORKOVER DEPTH: 6000 feet LAHEE WELL CLASSIFICATION: OWWO to another zone (In Tinney Oil Sand) TRAP TYPE: Structure - High-side closure on trapping fault TREND FIELD(S): Buena Suerte Oil Field (Tinney) - 500,000 bbls oil FIELD RESERVE ESTIMATE: 30,000 bbls oil ESTIMATED INITIAL PRODUCTION RATE (PER WELL): 20-25 bbls/d NUMBER OF WELLS TO WORKOVER: 1 well WORKOVER COST(PER WELL): $50K-100K LEASE COST: $40K PIPELINE ACCESS: Good sales line access PROSPECT NET REVENUE: 75% NRI PROSPECT ESTIMATED GROSS RETURN ON INVESTMENT (ROI): >14:1 PROSPECT STATUS: Open ACREAGE STATUS: Optioned/Leased GEOLOGIST CONSIDERATION: $7K/well + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes CREST PROSPECT (Duval Co) PROPOSED WORKOVER DEPTH: 5000 feet LAHEE WELL CLASSIFICATION: OWWO to another zone (In Tinney Oil Sand) TRAP TYPE: Structure - High-side closure on trapping fault TREND FIELD(S): Buena Suerte Oil Field (Tinney) - 500,000 bbls oil FIELD RESERVE ESTIMATE: 100,000 bbls oil ESTIMATED INITIAL PRODUCTION RATE (PER WELL): 20-40 bbls/d NUMBER OF WELLS TO WORKOVER: 3 wells WORKOVER COST (PER WELL): $50K-100K LEASE COST: $150K PIPELINE ACCESS: Possible sales line access PROSPECT NET REVENUE: 72.5% NRI PROSPECT ESTIMATED GROSS RETURN ON INVESTMENT (ROI): >14:1 PROSPECT STATUS: Open ACREAGE STATUS: Optioned/Leased GEOLOGIST CONSIDERATION: $7K/well + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes MIRANDO PROSPECT (Webb Co) PROPOSED WORKOVER DEPTH: 1000 feet LAHEE WELL CLASSIFICATION: OWWO (In Mirando Oil Sand) TRAP TYPE: Stratigraphic - Lenticular sand-pinchout TREND FIELD(S): Similar Oil Fields (Mirando Sand) - 5000,000-1,000,000 bbls oil FIELD RESERVE ESTIMATE: <2% of original 1,000,000 bbls oil production ESTIMATED INITIAL PRODUCTION RATE (PER WELL): 5-10 bbls/d NUMBER OF WELLS TO WORKOVER: 2 wells WORKOVER COST (PER WELL): $20K-50K LEASE COST: $80K PIPELINE ACCESS: Possible sales line access PROSPECT NET REVENUE: 75% NRI PROSPECT ESTIMATED GROSS RETURN ON INVESTMENT (ROI): <8:1 PROSPECT STATUS: Open ACREAGE STATUS: Optioned/Leased GEOLOGIST CONSIDERATION: $7K/well + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes CROCK PROSPECT (Zapata Co) PROPOSED WORKOVER DEPTH: 1000 feet LAHEE WELL CLASSIFICATION: OWWO (In D C Oil Sand) TRAP TYPE: Structure - High-side closure on trapping fault TREND FIELD(S): Similar Oil Fields (Mirando Sand) - 500,000-1,000,000 bbls oil FIELD RESERVE ESTIMATE: 20,000 bbls oil ESTIMATED INITIAL PRODUCTION RATE (PER WELL): 3-5 bbls/d NUMBER OF WELLS TO WORKOVER: 2 wells WORKOVER COST (PER WELL): $20K-50K LEASE COST: $80K PIPELINE ACCESS: Good sales line access PROSPECT NET REVENUE: 75% NRI PROSPECT ESTIMATED GROSS RETURN ON INVESTMENT (ROI): <8:1 PROSPECT STATUS: Open ACREAGE STATUS: Optioned/Leased GEOLOGIST CONSIDERATION: $7K/well + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes SCOOBY PROSPECT (Zapata Co) PROPOSED WORKOVER DEPTH: 1000 feet LAHEE WELL CLASSIFICATION: OWWO to another zone (In Tinney Oil Sand) TRAP TYPE: Stratigraphic - Lenticular sand-pinchout TREND FIELD(S): Similar Oil Fields (Jx Sand) - 500,000-3,000,000 bbls oil FIELD RESERVE ESTIMATE: <1% of original 6,000,000 bbls oil production ESTIMATED INITIAL PRODUCTION RATE (PER WELL): 20-40 bbls/d NUMBER OF WELLS TO WORKOVER: 6 wells WORKOVER COST (PER WELL): $20K-50K LEASE COST: $200K PIPELINE ACCESS: Good sales line access PROSPECT NET REVENUE: 72.5% NRI PROSPECT ESTIMATED GROSS RETURN ON INVESTMENT (ROI): >10:1 PROSPECT STATUS: Open ACREAGE STATUS: Optioned/Leased GEOLOGIST CONSIDERATION: $7K/well + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes BALTAZAR PROSPECT ( Co) PROPOSED WORKOVER DEPTH: 1000 feet LAHEE WELL CLASSIFICATION: OWWO TRAP TYPE: Stratigraphic - Lenticular sand-pinchout TREND FIELD(S): Similar Oil Fields (Jx Sand) - 500,000-3,000,000 bbls oil FIELD RESERVE ESTIMATE: <1% of original 2,000,000 bbls oil production ESTIMATED INITIAL PRODUCTION RATE (PER WELL): 20-40 bbls/d NUMBER OF WELLS TO WORKOVER: 2 wells, possibly more WORKOVER COST (PER WELL): $20K-50K LEASE COST: $80K PIPELINE ACCESS: Good sales line access PROSPECT NET REVENUE: 72.5% NRI PROSPECT ESTIMATED GROSS RETURN ON INVESTMENT (ROI): <8:1 PROSPECT STATUS: Open ACREAGE STATUS: Optioned/Leased GEOLOGIST CONSIDERATION: $7K/well + ORRI WORKING INTEREST AVAILABLE: 100% OPERATION AVAILABLE: Yes |
| This is not a commitment or offer to sell and all prospects may be subject to prior commitment and/or sale. Also, industry economics change, so it is wise to check back periodically. |