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Project Ozona Economic & Technical Review[8167]
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Fénix Proposed Acquisition: General Overview<br />
PHDWin Database: PDP-only & 1P inclusive of 30 PUD drilling program (1)<br />
PDP-only <strong>Economic</strong> <strong>Project</strong>ions<br />
1P <strong>Economic</strong> <strong>Project</strong>ions<br />
1. All economic assumptions are the same as described on page 10 of this presentation except the database uses a commodity price tied to NYMEX strip as of 9/15/2017 as<br />
opposed to a $45 flat price<br />
10
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