ann out., page-7

Does anyone else have that same gut feeling that she's about to explode.



-Drilling first well in Halliburton JV
-16,577 net acres

-"50 NET UNRISKED DRILLING LOCATIONS"

-Entry cost $50 per acre





Niobrara Oil Shale
Hawk Springs Project
(DJ Basin)
-26,000 net acre potential
-81 net drilling locations
-Drilling first of two wells now
-Entry cost $200 per acre

Montana Bakken
Roosevelt Project
(Roosevelt County, MT)
-Williams County
-210 BOEPD
-6 infill drilling locations
-Entry cost $500 per acre

North Dakota Bakken
North Stockyard Field
(Williams County, ND)
-Conventional oil targets
-15 MMBOE resource potential
-250 net drilling locations
-Entry cost $50 acre