DV

MICHIGAN BASIN READY-TO-DRILL

Drilling Prospects

All Standard Disclaimers Apply & Seller Rights Retained


MICHIGAN BASIN READY-TO-DRILL

MICHIGAN DRILLING PROGRAM

2-Immediate Wells. 10-Total Prospects

UNDEREXPLOITED TRAVERSE REEF

10-Well Drilling Program

Low Cost, Low Decline Conventional Wells

NO FRACTURING REQUIRED

3-D Seismic Defined Project.

70% NonOperated WI FOR SALE

Est IP Rate: 100+ BOPD

Shallow Light Crude. 40° API (~3,200')

Drill & Complete: $650,000/Location

Undeveloped Net Reserves >1.0 MMBO

Net PV10: ~$19,800,000 at $53/BBL

Quick Pay Out. Under One Year.

SEEKING DEVELOPMENT CAPITAL

DV 1430L

SUMMARY
An experienced Regional Explorer is seeking a development partner to fund a 10-well initial drilling program in the Traverse Reef Shallow Crude Oil Prospects located in Montcalm Co., Michigan. The project would begin with the drilling of two (2x) immediate wells.

UNDER EXPLOITED TRAVERSE REEF----
The area has a history of being underexploited and presents an opportunity to develop at low costs.

--LOW COST
--LOW DECLINE
--CONVENTIONAL LIGHT SHALLOW CRUDE OIL PLAY
--SOLID RATE OF RETURN

ADDITIONAL NARRATIVE---
There are over 1,400 acres under lease between the two prospects with an average of 70% NonOperated Working Interest. Third Party Engineering has been conducted for the drilling program with total net reserves projected at over 1.0 MMBbl of oil with a Net PV10 of $19,800,000 at ~$53.00/Bbl pricing. The project is expected to payout within 2.1 years.

The two prospect areas are known to produce light crude oil (~ 40° API average) via primary production with low initial decline rates. Initial production rates are estimated at ~100+ BOPD per well. Drilling and development costs are low compared to other U.S. unconventional plays.

This prospect allows a partner to participate in a low-cost, low-decline conventional light shallow crude oil play with a high rate of return.

TO LEARN MORE CONTACT:
Energy Advisors Group
Mr. Steve Henrich
Director
1580, 727 - 7th Avenue SW
Calgary, AB T2P 0Z3
----Direct: 403-294-1906 and Cell: 403-874-7801
----Fax: 713-600-0138
----Email: [email protected]

Mr. Reed Rightmer
Geologist
5120 Woodway Dr Ste 10010
Houston, TX 77056
Phone: Direct: 713-600-0177 Cell: 979-743-1750
Email: [email protected]

Blake Dornak at [email protected], or Call 713-600-0123 and ask for Carrie Calahan.

Questions Regarding This Asset? Email Steve Henrich or call EAG at 403-294-1906
Virtual Data Room

MICHIGAN DRILLING PROGRAM

2-Immediate Wells. 10-Total Prospects

UNDEREXPLOITED TRAVERSE REEF

10-Well Drilling Program

Low Cost, Low Decline Conventional Wells

NO FRACTURING REQUIRED

3-D Seismic Defined Project.

70% NonOperated WI FOR SALE

Est IP Rate: 100+ BOPD

Shallow Light Crude. 40° API (~3,200')

Drill & Complete: $650,000/Location

Undeveloped Net Reserves >1.0 MMBO

Net PV10: ~$19,800,000 at $53/BBL

Quick Pay Out. Under One Year.

SEEKING DEVELOPMENT CAPITAL

DV 1430L

SUMMARY
An experienced Regional Explorer is seeking a development partner to fund a 10-well initial drilling program in the Traverse Reef Shallow Crude Oil Prospects located in Montcalm Co., Michigan. The project would begin with the drilling of two (2x) immediate wells.

UNDER EXPLOITED TRAVERSE REEF----
The area has a history of being underexploited and presents an opportunity to develop at low costs.

--LOW COST
--LOW DECLINE
--CONVENTIONAL LIGHT SHALLOW CRUDE OIL PLAY
--SOLID RATE OF RETURN

ADDITIONAL NARRATIVE---
There are over 1,400 acres under lease between the two prospects with an average of 70% NonOperated Working Interest. Third Party Engineering has been conducted for the drilling program with total net reserves projected at over 1.0 MMBbl of oil with a Net PV10 of $19,800,000 at ~$53.00/Bbl pricing. The project is expected to payout within 2.1 years.

The two prospect areas are known to produce light crude oil (~ 40° API average) via primary production with low initial decline rates. Initial production rates are estimated at ~100+ BOPD per well. Drilling and development costs are low compared to other U.S. unconventional plays.

This prospect allows a partner to participate in a low-cost, low-decline conventional light shallow crude oil play with a high rate of return.

TO LEARN MORE CONTACT:
Energy Advisors Group
Mr. Steve Henrich
Director
1580, 727 - 7th Avenue SW
Calgary, AB T2P 0Z3
----Direct: 403-294-1906 and Cell: 403-874-7801
----Fax: 713-600-0138
----Email: [email protected]

Mr. Reed Rightmer
Geologist
5120 Woodway Dr Ste 10010
Houston, TX 77056
Phone: Direct: 713-600-0177 Cell: 979-743-1750
Email: [email protected]

Blake Dornak at [email protected], or Call 713-600-0123 and ask for Carrie Calahan.

Questions Regarding This Asset? Email Steve Henrich or call EAG at 403-294-1906