COMPANY EXITING OPERATIONS

Summary

Energy Advisors Group has been retained by Overton Park Oil & Gas to market the Kelsey Bass conventional field opportunity. The assets are located primarily in Brooks, Hidalgo, Jim Hogg and Starr Counties, Texas, within the well established Kelsey field along the Gulf Coast.

The offering includes operated interests in 53 total wells including 33 active producers, 19 inactive wells and 1 injector located on ~64,000 contiguous net acres that are 100% held by production.

Current net production averages 168 Bopd and 1,224 Mcfpd, which is estimated to generate more than $250,000 (NTM) in net cash flow with current March strip pricing. The Seller's internal engineering report has assigned a PDP PV10 value of $7.7 million. The production base is stable and characterized by low decline rates and long lived conventional reserves.

History

These assets were historically operated by Exxon and benefit from decades of extensive subsurface work. The field was developed across the Frio and Vicksburg formations, which are well understood and have a long history of conventional production.

Since acquiring the assets in 2018, Overton Park has implemented an effective capital program. The most meaningful development occurred from 2021 through 2024, during which the company focused on targeted recompletions, workovers, artificial lift improvements, and select low risk development drilling in the Frio and Vicksburg intervals.

These efforts have reactivated legacy reservoirs, captured behind pipe pay, and improved overall well performance across the field. As a result, net production has increased by more than three times since 2021 (5 workovers and 3 productive new drills).

Sale Package Highlights:

1. High quality conventional oil & gas assets in South Texas
2. Located in a well known and proven producing gas field (Kelsey Bass field)
3. 53 total wells. 33 producing, 19 inactive and 1 injector
4. 64,000 net acres all held by production
5. Assets located in Brooks, Hidalgo, Jim Hogg & Starr Counties
6. Producing from the Frio & Vicksburg sands
7. Legacy properties previously owned by ExxonMobil
8. Strong history of long term stable gas production
9. Operated position with strong average net revenue interest (100% operated wi; up to 87.5% nri)
10. Gross production: 193 Bopd & 1,422 Mcfpd
11. Net production: 168 Bopd & 1,224 Mcfpd
12. Est net cash flow: >$250,000/mn (NTM)
13. Total proved Pv10: $23,114,094 (34% PDP, 66% PDNP)
14. Total proved net reserves: 1,039,428 boe (36% PDP, 64% PDNP)
15. 3-D seismic coverage across core areas
16. PHDWin Database is available in the vdr

Potential purchasers are encouraged to review the Virtual Data Room. The Confidential VDR portion includes a complete diligence package with (1) a summary tab QuickLook, accounting reports, (2) accounting files, (3) the seller's PHDWin database with summary reports, (4) geology, well logs and cross sections, (5) land and legal documents and (6) wellbore diagrams, (7) an equipment list, (8) supplemental presentations & (9) field and office photos. The confidential files are available for review and download upon execution of the DocuSign NDA.

This is a negotiated sale and the seller is open to preemptive offers.

Please direct all inquiries to the EAG contacts listed below:

Richard S. Martin

Director

rmartin@energyadvisors.com

--- Phn: 469-866-9796

Wesley Adams

Vice President

wadams@energyadvisors.com

--- Phn: 432-553-2413

Vann Keefover

Petroleum Engineer

vkeefover@energyadvisors.com

--- Phn: 713-600-0144

Houston Office

4265 San Felipe, Suite 650

Houston, TX, 77027

---Main: 713-600-0123