Priced at $625/acre or $12,187,500, New 3 + 3yr leases extension option. 80%
*Estimated reserves of 64 million barrels of oil.
**Apache drilled 4 wells in the last 30 days 2 miles away and they have only
owned it since Oct 2.
***Apache applied for 4 more permits just in the last week.
****Apache is drilling and management is happy with the results.
*****Apache wells are making oil and spending a lot of money on infrastructure
which means they are planning on drilling more wells.
Leases are surrounded by Hess, Marathon, Conoco, EOG, Whiting, and Statoil.
Apache is the premier operator in the area just bought 305,000 acres 2 miles
away adjacent Northern edge of our leases.