Ann: LWP Independent Test Results Low Cost Proppant-LWP.AX, page-3

• LWP’s proppant technology is adaptable to both low cost shallow wells and higher cost deeper wells.

•  Independent test results for the low cost ceramic fly ash proppants demonstrate superior crush resistant k-values and specific gravity compared to mined frac sand.

•  LWP’s R&D team are now testing other raw materials to combine with fly-ash to further increase LWP’s growing flyash ceramic proppant product portfolio.

•  Financial modelling indicates manufacturing costs of LWP’s low cost fly-ash based proppants could be 50% lower than the manufacturing cost of LWP’s high end ceramic proppant.