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
RFE Price at posting:
37.0¢ Sentiment: None Disclosure: Held
