FY 2012 Highlights• Expanded our premier acreage position...

FY 2012 Highlights

• Expanded our premier acreage position by
acquiring over 23,000 net acres in the Greater
Anadarko Basin.

• Drilled and completed 77 gross (11.3 net) wells
which increased our producing well count to
184 gross (22 net) wells. At yearend, 20 gross
(4.6 net) wells were in progress.

• Increased daily oil and gas production by
62 percent from the prior year to 1,163 boepd.

• Reported net income of $6.0M and oil and gas
revenue of $29.8M, an increase of 64% from
the prior year.

• Increased 3P constant case reserves to 50.1
mmboe with PV10 of $445.5M an increase of
95% and 105%, respectively, from the prior
yearend.

• Ended the year in a strong financial position
with a cash balance of $15.3M and a $100M
senior debt facility in place.

• Subsequent to yearend, entered into an agreement
for the sale of our South Antelope prospect
in the Williston Basin for $172.4M in cash.

All looks pretty healthy.