EL DORADO/HUGOTON SUB PKG #2

ZAPATA CO., TX SALE PROCESS #2

102-Wells. 72-Active. 8,200-Net Acres.

COURT ORDERED SALE & LIQUIDATION

MECOM RANCH

LOBO (WILCOX) FORMATION.

ReCompletion & Return To Production

Trustee & Contract Operators Note PDNP

BANKRUPTCY SALE AS ORDERED BY COURT

~99% OPERATED WI; 71% NRI FOR SALE

Gross Production: 3,300 MCFD

3rd Party Engineer: PDP PV10: $7,932,770

3rd Party Estimates PDP Reserves: 9.9 BCFE

3rd Party Total Proved Reserves: 12.7 BCFE

BANKRUPCTY ESTATE HAS 3 OTHER SUBPKGS

VDR SET UP FOR BUYERS OF MECOM ONLY

PP 7023DV