december quarterly, page-5

"Fracking operations on the Everett #1-15H well in the North Stockyard Field, North Dakota
commenced in December with 1.6 million pounds of proppant placed in 20 stages. The well flowed
during drill-out operations as well as during the procedure to land the production tubing resulting in
hourly measured flow rates varying from 528 BOPD to 2,112 BOPD. During the first 24-hour period of
production, the well produced 1,373 BOEPD. The well has now been producing for two weeks at an
average rate of 884 BOEPD"


884 BOEPD x14 days x100 dollars per barrel x31% working interest is $383,656. Not bad for 2 weeks.