OIL & GAS Exploration/Drilling Investments

Working Interest Participation

CLOSED/SOLD INVESTMENT DATA 2023

SOLD
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JASPER, IL

PROSPECT DETAILS

WELL STATUS: COMPLETING: SPUD 05/15/2023

DATE: 6/1/23
WELL NAME: Kistner #1
UNIT: NW/4 SE/4 Sec. 33
SEC/TWN/RNG: 33 | 06N | 10E
TYPE: Vertical
TVD/TMD/LATERAL LENGTH: 4,600 | 4,600 | n/a
FORMATION: Devonian
OPERATOR: Arrowhead Energy
AFE DRY HOLE COSTS: $224,720.00
AFE COMPLETION COSTS: $290,900.00
AFE: TOTAL CWC: $515,620.00
TOTAL NMA: 4.00000
ROYALTY: 77.00000
UNIT SIZE: 80.00
ALLOCATION: 100.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 5.000000%
NET REVENUE INTEREST: 3.850000%
DRY HOLE COSTS: $13,259.00
COMPLETION COSTS: $17,163.00
TOTAL WELL COSTS: $30,422.00
MM#100760.000
SOLD
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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#100743.001
SOLD
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CANADIAN, OK

PROSPECT DETAILS

WELL STATUS: POOLED

DATE: 4/28/23
WELL NAME: Boo Bear 30_31-19_13N-6W 2MHXL
UNIT: Sec. 19+30+31
SEC/TWN/RNG: 19 | 13N | 6W
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 9,500 | 24,000 | 14,500
FORMATION: Mississippian
OPERATOR: Paloma Partners IV, LLC
AFE DRY HOLE COSTS: $3,681,355.00
AFE COMPLETION COSTS: $5,751,833.00
AFE: TOTAL CWC: $9,433,188.00
TOTAL NMA: 7.50000
ROYALTY: 0.77000
UNIT SIZE: 648.16
ALLOCATION: 33.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 0.381850%
NET REVENUE INTEREST: 0.294025%
DRY HOLE COSTS: $14,057.25
COMPLETION COSTS: $21,963.37
TOTAL WELL COSTS: $36,020.63
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#100711.002
SOLD
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McClain, OK

PROSPECT DETAILS

WELL STATUS: BEING POOLED

DATE: 3/27/23
WELL NAME: Quinn 1-8-17-20XHW
UNIT: Sec. 8+17+20
SEC/TWN/RNG: 20 | 7N | 3W
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 9,920 | 24,864 | 14,944
FORMATION: Woodford
OPERATOR: Continental Resources, Inc.
AFE DRY HOLE COSTS: $5,026,175.00
AFE COMPLETION COSTS: $7,012,918.00
AFE: TOTAL CWC: $12,039,093.00
TOTAL NMA: 3.00000
ROYALTY: 0.75000
UNIT SIZE: 640.00
ALLOCATION: 30.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 0.140625%
NET REVENUE INTEREST: 0.105469%
DRY HOLE COSTS: $7,068.06
COMPLETION COSTS: $9,861.92
TOTAL WELL COSTS: $16,929.97
MM#100715.001
SOLD
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Grady, OK

PROSPECT DETAILS

WELL STATUS: DRY HOLE

DATE: 3/5/23
WELL NAME: Joe Bob 1-9
UNIT: W2-NW/4 + E2-NE/4
SEC/TWN/RNG: 9 | 7N | 8W
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 10,650 | 10,650 | N/A
FORMATION: Marchand
OPERATOR: Okland Oil Company
AFE DRY HOLE COSTS: $994,520.00
AFE COMPLETION COSTS: $965,138.00
AFE: TOTAL CWC: $1,959,658.00
TOTAL NMA: 2.00000
ROYALTY: 0.75000
UNIT SIZE: 160.00
ALLOCATION: 100.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 1.250000%
NET REVENUE INTEREST: 0.937500%
DRY HOLE COSTS: $12,431.50
COMPLETION COSTS: $12,064.23
TOTAL WELL COSTS: $24,495.73
MM#100649.000
SOLD
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Blaine, OK

PROSPECT DETAILS

WELL STATUS: SPUD 4/15/2023

DATE: 3/1/23
WELL NAME: Sharon 2-32-5MXH
UNIT: Sec. 32-19N-12W + Sec. 5-18N-12W
SEC/TWN/RNG: 5 | 18N | 12W
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 9,350 | 19,200 | 9,850
FORMATION: Mississippian
OPERATOR: Crawley Petroleum Corporation
AFE DRY HOLE COSTS: $3,418,480.00
AFE COMPLETION COSTS: $5,963,251.00
AFE: TOTAL CWC: $9,381,731.00
TOTAL NMA: 20.00000
ROYALTY: 0.77000
UNIT SIZE: 1,276.82
ALLOCATION: 100.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 1.566392%
NET REVENUE INTEREST: 1.206122%
DRY HOLE COSTS: $53,546.80
COMPLETION COSTS: $93,407.89
TOTAL WELL COSTS: $146,954.68
MM#100528.000
SOLD
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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#100625.000
SOLD
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Blaine, OK

PROSPECT DETAILS

WELL STATUS: COMPLETING: SPUD 12/16/2022

DATE: 1/16/23
WELL NAME: Kings Canyon 17-13-16 1H
UNIT: Sec. 16
SEC/TWN/RNG: 16 | 17N | 13W
TYPE: Horizontal
TVD/TMD/LATERAL LENGTH: 10,958 | 16,215 | 5,257
FORMATION: Mississippian
OPERATOR: Staghorn Petroleum II, LLC
AFE DRY HOLE COSTS: $5,949,200.00
AFE COMPLETION COSTS: $3,884,186.00
AFE: TOTAL CWC: $9,833,386.00
TOTAL NMA: 32.79467
ROYALTY: 0.77000
UNIT SIZE: 640.00
ALLOCATION: 100.0000%

WIPE (WORKING INTEREST PARTICIPATION EXPOSURE)

WORKING INTEREST: 5.124167%
NET REVENUE INTEREST: 3.945609%
DRY HOLE COSTS: $304,846.94
COMPLETION COSTS: $199,032.18
TOTAL WELL COSTS: $503,879.12
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