South Texas Oil

– ~15,000 Net Acres
– 70% oil and NGLs
– 11% Decline

Newton Field
– Located in Newton County, East Texas
– Eocene - Yegua and Wilcox formations
– 100% working interest

Double A Wells North
– Located in Tyler and Polk counties, East Texas
– Austin Chalk formation
– 57% working interest

Livingston
– Located in Polk County, East Texas
– Eocene – Yegua, Wilcox and McElroy formations
– 99% working interest