EL DORADO/HUGOTON TOTAL PKG

SOUTH TEXAS SALE PACKAGES

3-Pkgs. 1,195-Wells. 660-Active. 45,925-Acres

COURT ORDERED SALE & LIQUIDATION

AWP & MECOM RANCH.

T PATCH, TIFFANY, POK-A-DOT, ROMA,

HOSTETTER, CERRITO, CISCO, LOBO,

URBENO, OLMOS, LOBO, REKLAW & WILCOX

Significant Remedial & Operational Upside

~98% OPERATED WI; ~75% NRI

Oct 24 Vols: 267 BOPD and 16,986 MCFD

Net Volumes: 200 BOPD & 12,555 MCFD

3rd Party Firm Est PDP PV10: $44,676,940

--- Incl RTP Upside and P&A Capex Allowance

3rd-Party Engineering PDP Rsrvs: 41 Bcfe

COURT ORDERED YEAR END SALE

VDRS SET UP FOR EACH OF 3 PACKAGES

PP 7020DV