Davidson Mineral Project, Reeves, Crane & Upton Counties, Texas

•  2,643.78 Gross Acres

• Various Mineral Interests

•  90.9489 Net Mineral Acres

•  162.1727 Net Royalty Acres

•  Operated by BPX Operating Company, Olsen Energy, Inc. &
NEC Operating, LLC

•  Potential Horizontal Objectives:
2nd & 3rd Bone Spring and Wolfcamp XY, A
Upper & Lower, B, & C

•  2 Producing Horizontal Wolfcamp Wells

•  3 Horizontal Wolfcamp Permits

•  1 Producing Horizontal San Andres Well

•  4 Producing Vertical Wells

•  Average Daily Production:
184.68 BOPD & 905.53 MCFGPD (Gross
0.33 BOPD &     1.19 MCFGPD (Net)

•  Average Net Income:
$1,293 / Month