land, page-5

Special Energy Corporation


PRODUCING PROPERTIES, UNDEVELOPED LEASEHOLD AND UNLEASED MINERALS IN THE MISSISSIPPI LIME HORIZONTAL PLAY
NOBLE, PAYNE AND PAWNEE COUNTIES, OKLAHOMA



Ten Cleveland producers drilled in 2010 and 2011
Gross production 3/2011: 172 BOPD, 826 MCFD and 3,800 BWPD
100% WI with 80% NRI on contiguous acreage
Estimated current operating net cash flow $459,112 per month
Multiple undeveloped Cleveland drilling locations
9,369 net acres ? 1,654 net acres held by production
Lease expirations in 2013 and beyond, plus options to extend
Additional 1,300? net mineral acres available for lease
Recent Mississippi Lime completion located within 5 miles
Initial production 500 BOPD, 750 MCF and 1200 BWPD
Heavy Mississippi leasing activity directly offsetting leasehold
Inactive wells with 7? casing ready for drilling Mississippi Lime laterals
Four active disposal wells with excess capacity plumbed and fully operational
Newly built 3 phase electric distribution system included in package


Data Room available in Meagher?s Tulsa office by appointment only.
Please call Jacque Semple (918) 481-5900 x221

FOR QUESTIONS PLEASE CONTACT

Jacque Semple, Project Coordinator (918) 481-5900 ext. 221
Bob McNulty, P.E. (918) 481-5900 ext. 229
BID DATE
JUNE 28, 2011

EFFECTIVE DATE
JULY 01, 2011

CLOSING DATE
JULY 29, 2011