Smith Permian Project, Loving and Dawson Counties, Texas

•  1,444.67 Gross Acres

• 13.3745 Net Royalty Acres

•  Operated by Anadarko E&P Onshore LLC,
Hibernia Resources IV, LLC & Beach Exploration

•  Potential Horizontal Objectives:
1st, 2nd, & 3rd Bone Spring, Wolfcamp A, Wolfcamp B, &
Wolfcamp C

Middle & Lower Spraberry, Jo Mill, Dean, Wolfcamp A,
Wolfcamp B, & Wolfcamp D

•  13 Producing Horizontal Wells

•  12 Horizontal DUCs/Permits

•  3 Producing Vertical Wells

•  Average Daily Production:
2,178 BOPD & 3,688 MCFPD (Gross)
  0.66 BOPD &   1.05 MCFPD (Net)

•  Average Net Income:
$832.10 / Month*