OIL & GAS Exploration/Drilling Investments

Working Interest Participation

CLOSED/SOLD INVESTMENT DATA 2022

MM#100587.000
SOLD
Property Image

MAJOR+BLAINE, OK

PROSPECT DETAILS

WELL STATUS: PRODUCING: COMPLETED 3/25/2023

DATE: 12/29/22
WELL NAME: Lavada 1-35MH
UNIT: Sec. 35
SEC/TWN/RNG: 35 | 20N | 12W
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 8,295 | 12,820 | 4,525
FORMATION: Mississippian (less Chester)
OPERATOR: Crawley Petroleum Corporation
AFE DRY HOLE COSTS: $2,106,170.00
AFE COMPLETION COSTS: $3,024,666.50
AFE: TOTAL CWC: $5,130,836.50
TOTAL NMA: 80.94721
ROYALTY: 0.76000
UNIT SIZE: 640.00
ALLOCATION: 100.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 12.648002%
NET REVENUE INTEREST: 9.612482%
DRY HOLE COSTS: $266,388.42
COMPLETION COSTS: $382,559.88
TOTAL WELL COSTS: $648,948.30
MM#100760.000
SOLD
Property Image

CADDO, OK

PROSPECT DETAILS

WELL STATUS: SPUD 5/5/2023

DATE: 5/12/23
WELL NAME: Alameda 1112 1-8-5XHR
UNIT: Sec. 5+8
SEC/TWN/RNG: 8 | 11N | 12
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 9,850 | 19,500 | 9,650
FORMATION: Marchand
OPERATOR: Blake Production Company, Inc.
AFE DRY HOLE COSTS: $3,663,000.00
AFE COMPLETION COSTS: $4,515,500.00
AFE: TOTAL CWC: $8,178,500.00
TOTAL NMA: 42.33400
ROYALTY: 0.75000
UNIT SIZE: 640.00
ALLOCATION: 52.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 3.439638%
NET REVENUE INTEREST: 2.579729%
DRY HOLE COSTS: $125,993.94
COMPLETION COSTS: $155,316.85
TOTAL WELL COSTS: $281,310.79
MM#100572.000
SOLD
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ROGER MILLS+ELLIS, OK

PROSPECT DETAILS

WELL STATUS: PROPOSED

DATE: 12/1/22
WELL NAME: Lovett Brothers 1-28-21CHX
UNIT: Sec. 21+28
SEC/TWN/RNG: 28 | 16N | 23W
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 10,650 | 20,500 | 9,850
FORMATION: Cherokee
OPERATOR: Upland Operating
AFE DRY HOLE COSTS: $4,117,298.00
AFE COMPLETION COSTS: $5,753,900.00
AFE: TOTAL CWC: $9,871,198.00
TOTAL NMA: 1.66667
ROYALTY: 0.77000
UNIT SIZE: 1,280.00
ALLOCATION: 100.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 0.130208%
NET REVENUE INTEREST: 0.100260%/td>
DRY HOLE COSTS: $5,361.05
COMPLETION COSTS: $7,492.04
TOTAL WELL COSTS: $12,853.09
MM#100742.000
SOLD
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CANADIAN, OK

PROSPECT DETAILS

WELL STATUS: SPUD 9/4/2022

DATE: 4/26/23
WELL NAME: Niemann 1306 1H-6X
UNIT: Sec. 6+7
SEC/TWN/RNG: 7 | 13N | 6W
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 9,000 | 19,771 | 10,771
FORMATION: Mississippian and/or Woodford
OPERATOR: Ovintiv USA, Inc.
AFE DRY HOLE COSTS: $2,731,220.00
AFE COMPLETION COSTS: $4,265,733.61
AFE: TOTAL CWC: $6,996,953.61
TOTAL NMA: 5.33333
ROYALTY: 0.77000
UNIT SIZE: 652.05
ALLOCATION: 50.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 0.408966%
NET REVENUE INTEREST: 0.314904%
DRY HOLE COSTS: $11,169.76
COMPLETION COSTS: $17,445.40
TOTAL WELL COSTS: $28,615.16
MM#100514.000
SOLD
Property Image

KINGFISHER, OK

PROSPECT DETAILS

WELL STATUS: ON HOLD

DATE: 11/4/22
WELL NAME: Lanphear 11-15-6 2MH
UNIT: Sec. 11
SEC/TWN/RNG: 11 | 15N | 6W
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 7,762 | 13,022 | 5,260
FORMATION: Mississippian + Woodford
OPERATOR: BCE - Mach III, LLC
AFE DRY HOLE COSTS: $2,191,000.00
AFE COMPLETION COSTS: $1,523,149.00
AFE: TOTAL CWC: $3,714,149.00
TOTAL NMA: 7.00000
ROYALTY: 0.75000
UNIT SIZE: 640.00
ALLOCATION: 100.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 1.093750%
NET REVENUE INTEREST: 0.842188%
DRY HOLE COSTS: $23,964.06
COMPLETION COSTS: $16,659.44
TOTAL WELL COSTS: $40,623.50
MM#100514.000
SOLD
Property Image

KINGFISHER, OK

PROSPECT DETAILS

WELL STATUS: ON HOLD

DATE: 11/4/22
WELL NAME: Kinney Trust 8-15-5 2MH
UNIT: Sec. 8
SEC/TWN/RNG: 8 | 15N | 5W
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 7,220 | 12,356 | 5,136
FORMATION: Mississippian + Woodford
OPERATOR: BCE - Mach III, LLC
AFE DRY HOLE COSTS: $2,191,000.00
AFE COMPLETION COSTS: $1,523,149.00
AFE: TOTAL CWC: $3,714,149.00
TOTAL NMA: 11.00000
ROYALTY: 0.77000
UNIT SIZE: 640.00
ALLOCATION: 100.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 1.718750%
NET REVENUE INTEREST: 1.323438%
DRY HOLE COSTS: $37,657.81
COMPLETION COSTS: $26,179.12
TOTAL WELL COSTS: $63,836.94
MM#100534.000
SOLD
Property Image

CADDO, OK

PROSPECT DETAILS

WELL STATUS: COMPLETING: SPUD 4/10/2023

DATE: 8/23/22
WELL NAME: McLemore 1-3
UNIT: Sec. 3
SEC/TWN/RNG: 3 | 8N | 10W
TYPE: Vertical
TVD/TMD/LATERAL LENGTH: 10,500 | 10,500 | N/A
FORMATION: Marchand
OPERATOR: GBL Exploration Inc.
AFE DRY HOLE COSTS: $1,087,230.00
AFE COMPLETION COSTS: $894,520.00
AFE: TOTAL CWC: $1,981,750.00
TOTAL NMA: 18.06875
ROYALTY: 0.77000
UNIT SIZE: 639.62
ALLOCATION: 100.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 2.824919%
NET REVENUE INTEREST: 2.175188%
DRY HOLE COSTS: $30,713.37
COMPLETION COSTS: $25,269.47
TOTAL WELL COSTS: $55,982.83
MM#100528.000
SOLD
Property Image

BLAINE, OK

PROSPECT DETAILS

WELL STATUS: COMPLETING: SPUD 1/21/2023

DATE: 1/21/23
WELL NAME: Foster 1-2-11MXH
UNIT: Sec. 2+11
SEC/TWN/RNG: 2+11 | 18N | 13W
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 9,523 | 19,385 | 9,862
FORMATION: Mississippian
OPERATOR: Crawley Petroleum Corporation
AFE DRY HOLE COSTS: $3,303,506.00
AFE COMPLETION COSTS: $6,157,650.00
AFE: TOTAL CWC: $9,461,156.00
TOTAL NMA: 58.60444
ROYALTY: 0.77000
UNIT SIZE: 1,282.74
ALLOCATION: 100.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 4.568692%
NET REVENUE INTEREST: 3.517893%
DRY HOLE COSTS: $150,927.01
COMPLETION COSTS: $281,324.06
TOTAL WELL COSTS: $432,251.08
MM#100542.000
SOLD
Property Image

KINGFISHER, OK

PROSPECT DETAILS

WELL STATUS: POOLED

DATE: 11/8/22
WELL NAME: TBD 8-18-6 1HO/td>
UNIT: Sec. 8
SEC/TWN/RNG: 8 | 18N | 6W
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 6,465 | 11,100 | 4,635
FORMATION: Oswego
OPERATOR: BCE - Mach III, LLC
AFE DRY HOLE COSTS: $1,458,710.00
AFE COMPLETION COSTS: $1,481,500.00
AFE: TOTAL CWC: $2,940,210.00
TOTAL NMA: 2.50000
ROYALTY: 0.77000
UNIT SIZE: 640.00
ALLOCATION: 100.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 0.390625%
NET REVENUE INTEREST: 0.300781%
DRY HOLE COSTS: $5,698.09
COMPLETION COSTS: $5,787.11
TOTAL WELL COSTS: $11,485.20
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