Project Ozona Economic & Technical Review[8167]

Top of Greyburg
Project Ozona: Single Well Economics
Greyburg through San Andres Cross Section (southern portion of property (Sec. 82 & 88)
Pearson #4, Sec. 88 Bean #3, Sec. 88 Bean #2E, Sec. 88 Vaughn #40S, Sec. 82 Vaughn #44S, Sec. 82 Vaughn #43S, Sec. 82
Well No. IP (BOPD) Comp date
Section 81
3 13 Aug-54
1C 51 Apr-53
1 62 May-65
2 55 Nov-64
Initial Individual Well Results
Well No. IP (BOPD) Comp date
Section 82
40-S 120 Feb-55
39 105 Nov-54
44-S 88 Aug-55
43-S 0 Jul-55
39 105 Nov-54
18 43 Jul-65
17 33 Apr-65
16 61 Mar-55
15 77 Apr-55
14 47 Mar-55
11 70 Mar-55
13 195 Feb-55
12 45 Apr-55
10 135 Feb-55
9 77 Feb-55
8 50 Jan-55
7 208 Dec-54
5 179 Dec-54
4 184 Dec-54
3 67 Nov-54
2 112 Jan-55
1 0 Sep-53
41 44 Mar-55
Well No. IP (BOPD) Comp date
Section 88
B4 30 Nov-12
4 8 Nov-54
3 168 Jun-54
13-88 30 Jan-67
14-88 9 Aug-87
12 20 Jan-87
11 35 Jul-81
9 30 Nov-77
2 29 Sep-75
3 8 Sep-76
4 40 Jul-76
5 9 Dec-76
6 9 Apr-77
1 8 Nov-72
2 140 Oct-54
2 73 Nov-54
3 142 Dec-54
1 120 Jan-55
3 D&A Jan-55
Well No. IP (BOPD) Comp date
Section 89
4 15 Feb-17
1 D&A Jun-78
7 13 May-77
8 35 Nov-77
10 9 Feb-78
Cross Section Locations
Average Initial Rates of Production Far Exceed the 20 bopd IP Assumption Used in Economic Projections
18