AUSTIN BAYOU
SPUD UPDATE
HIGHLIGHTS
? Patterson Rig 532 is presently being moved to location with Spud anticipated within 7 days
? 23.25%WI of 11.5 BCF & 180 MBC (upto 15.5 BCF/250 MBC) updip production project, located
in Brazoria County Texas, N flank Danbury Dome
? Well is targeting two updip productive intervals (Andrau & Tex Miss 1)
? Additional 4 exploration sands (Tex Miss 2, 3, 5 & 7)
? Proposed well is 100-150ft updip from initial well which produced 3 BCF and 50 MMBC
? Low cost normal pressured straight hole well (GGE share $385k)
? Project generated from re-processed data on proprietary seismic
? Up thrown 3-way trap to buried fault, strong seismic amplitudes tied to pay
? Sand deposition is uniform with the downdip well logging 100ft of pay over 320ft of sand
announcement
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