“Foshee Royalty Interest”

Reeves County, Texas

Producing Royalty Interest

•   1,851.20 Gross Acres

•   Up to 15.740741% NPRI

•   235.11 Net Royalty Acres

•   Operated by Noble Energy, Inc.

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

•    5 Producing Horizontal Wolfcamp Wells

•    1 Shut-In Horizontal Wolfcamp Well

•    7 Producing Vertical Wolfbone Wells

•    2 Vertical Injection Wells

•    Average Daily Production:
1,127 BOPD & 2,538 MCFPD (Gross)
6 BOPD & 13 MCFPD (Net)

•    Average Net Income:
$10,455 / Month