American Eagle Energy 10-K/A 2012 FY Annual report (amended)

March 18, 2013

Mr. Tom Lantz

American Eagle Energy Corporation

2549 West Main Street, Suite 202

Littleton, CO 80120

Dear Mr. Lantz:

At your request, MHA Petroleum Consultants LLC (MHA) has prepared an estimate of the reserves and income attributable to certain leasehold interests of American Eagle Energy Corporation (AEEC) as of January 1, 2013. This report was prepared as required by Regulation S-K, Section 1202. The properties are located in the Spyglass Three Forks area in Divide County, North Dakota as well as the Hardy and Minton areas in Saskatchewan, Canada. The results of this study are summarized below:

American Eagle Energy

Estimated Net Reserve and Income Data

Constant Pricing

As of January 1, 2013

	Reserves				Income Data
Spyglass Area
	Net  Remaining Reserves				Future Net		Direct		Equity				Discounted Net
Category	Oil  MBbls		Gas  MMcf		Income  M$		Operating Expense M$		Investment M$		Undiscounted Net Cash Flow M$		Cash Flow @ 10% M$
PDP		1,964.2		940.2		163,865.8		39,346.4		0.0		124,519.4		53,678.2
PDNP		344.4		134.1		28,619.7		6,710.4		0.0		21,909.3		10,710.8
PUD		2,921.8		1,064.7		242,849.1		48,585.9		48,293.3		145,969.9		51,093.2
TOTAL PROVED		5,230.4		2,139.0		435,334.6		94,642.7		48,293.3		292,398.6		115,482.2
PRB		1,306.0		649.7		109,154.9		25,922.1		30,855.1		52,377.7		14,517.8
POS		592.3		218.1		49,244.6		10,072.5		10,738.1		28,433.9		9,367.9
TOTAL		7,128.7		3,006.8		593,734.1		130,637.3		89,886.5		373,210.2		139,367.9
Hardy Area
PDP		75.2		0.0		5,981.1		2,282.9		0		3,698.2		2,357.3
PUD		88.4		0.0		7,029.5		2,339.3		2,400.0		2,290.2		564.4
TOTAL PROVED		163.6		0.0		13,010.6		4,622.2		2,400.0		5,988.4		2,921.7
Minton Area
PDP		3.5		0.0		278.2		146.2		0.0		132.0		127.0
TOTAL PROVED		3.5		0.0		278.2		146.2		0.0		132.0		127.0
TOTAL ALL AREAS
TOTAL PROVED		5,397.5		2,139.0		448,623.4		99,411.1		50,693.3		298,519.0		118,530.9
TOTAL		7,295.8		3,006.9		607,022.8		135,405.6		92,286.5		379,330.7		142,416.5

Numbers in the above table may not exactly match economic output due to rounding.

MHA Petroleum Consultants LLC American Eagle Energy
March 18, 2013
Page 1

Wells included in this reserve report contain all wells in which the Company has a working or revenue interest as of January 1, 2013 and has elected to participate in; MHA is not aware of any existing regulations that would affect American Eagle Energy’s ability to recover the estimated reserves discussed in this report.

The future net revenue was based on net hydrocarbon volume sold multiplied by anticipated price. Expenses include severance and ad valorem taxes, and the normal cost of operating the wells. Future net cash flow is future net revenue minus expenses and any development costs. The future net cash flow has not been adjusted for outstanding loans, which may exist, nor does it include any adjustments for cash on hand or undistributed income. No attempt has been made to quantify or otherwise account for any accumulated gas production imbalances that may exist.

Reserve Estimates

Proved reserves were assigned according to SEC definitions. Probable and possible reserves were assigned on the basis of the Petroleum Resources Management System definitions. Explanations for both are included with this letter. These definitions are generally accepted as standard in the U.S. oil and gas industry, and this report follows these guidelines for categorizing reserves.

In general, the reserves in this report were estimated using production performance analysis. Other methods such as material balance, volumetrics, and offset well analogy were used in certain cases where the data indicated such methods were more appropriate.

In the Spyglass area, AEEC has an interest in 45 producing wells, 9 non-producing wells, 42 proved undeveloped locations, 25 probable undeveloped locations, and 6 possible locations. Again, reserves for the producing wells were assigned using decline curve analysis. Non-producing and undeveloped locations utilized type curves derived from offset producing wells. There are numerous unassigned locations on AEEC acreage that at this time are considered as high potential for future drilling. Hardy area has 2 producing wells and 1 proved location. The Minton area has just one producing well.

For the wells in North Dakota, economics were run on all wells and locations using a monthly average 2012 oil price net at the wellhead of $81.85/bbl according to SEC requirements. Gas pricing of $3.50/mcf was used after March 31, 2013 when the gas processing system becomes operational. Operating costs were obtained from American Eagle Energy and were $6,000/month along with water disposal costs of $1.90/bbl. MHA reviewed the operating costs and consider them realistic. Capital costs associated with new wells and/or workovers were included in the economics if the expenditures were scheduled beyond January 1, 2013. Capital costs for long laterals (9,300’) was 6,950 M$ and for short laterals (6,000’), 5,950 M$

For the Canadian wells, economics were run on all wells and locations using a monthly average oil price net at the wellhead of $79.50/bbl according to SEC requirements. There is no gas production. Operating costs were obtained from American Eagle Energy and were $9,500/month along with water disposal costs of $2.65/bbl for the Hardy wells and $12,000/month along with water disposal costs of $2.40/bbl for the Minton well. Capital costs associated with the undeveloped Hardy location was 3,200 M$.

Included in this report are all the production plots for the producing wells and the individual economic runs for all wells and locations. Summary economics and a one line table are also included.

MHA Petroleum Consultants LLC American Eagle Energy
March 18, 2013
Page 2

Statement of Risk

The accuracy of reserve and economic evaluations is always subject to uncertainty. The magnitude of this uncertainty is generally proportional to the quantity and quality of data available for analysis. As a well matures and new information becomes available, revisions may be required which may either increase or decrease the previous reserve assignments. Sometimes these revisions may result not only in a significant change to the reserves and value assigned to a property, but also may impact the total company reserve and economic status. The reserves and forecasts contained in this report were based upon a technical analysis of the available data using accepted engineering principles. However, they must be accepted with the understanding that further information and future reservoir performance subsequent to the date of the estimate may justify their revision. It is MHA’s opinion that the estimated proven reserves and other reserve information as specified in this report are reasonable, and have been prepared in accordance with generally accepted petroleum engineering and evaluation principles, as set forth in the PRMS manual. Notwithstanding the aforementioned opinion, MHA makes no warranties concerning the data and interpretations of such data. In no event shall MHA be liable for any special or consequential damages arising from American Eagle Energy’s use of MHA’s interpretation, reports, or services produced as a result of its work for American Eagle Energy.

It was a pleasure performing this work for American Eagle Energy. Should you have any questions, please call.

Leslie S. O’Connor

Managing Partner 

MHA Petroleum Consultants LLC American Eagle Energy
March 18, 2013
Page 3

Hardy 4-16	DATE	:	03/18/2013
4N 21W 16	TIME	:	13:54:12
BAKKEN	DBS	:	MHA
EERG	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		15.212		0.000		9.755		0.000		79.500		0.000		775.494		0.000		775.494
12-2014		11.387		0.000		7.302		0.000		79.500		0.000		580.499		0.000		580.499
12-2015		9.322		0.000		5.978		0.000		79.500		0.000		475.245		0.000		475.245
12-2016		7.997		0.000		5.128		0.000		79.500		0.000		407.690		0.000		407.690
12-2017		7.061		0.000		4.528		0.000		79.500		0.000		359.991		0.000		359.991
12-2018		6.359		0.000		4.078		0.000		79.500		0.000		324.190		0.000		324.190
12-2019		5.809		0.000		3.725		0.000		79.500		0.000		296.149		0.000		296.149
12-2020		5.365		0.000		3.440		0.000		79.500		0.000		273.480		0.000		273.480
12-2021		4.986		0.000		3.197		0.000		79.500		0.000		254.163		0.000		254.163
12-2022		4.637		0.000		2.973		0.000		79.500		0.000		236.371		0.000		236.371
12-2023		4.312		0.000		2.765		0.000		79.500		0.000		219.825		0.000		219.825
12-2024		4.010		0.000		2.572		0.000		79.500		0.000		204.438		0.000		204.438
12-2025		3.729		0.000		2.392		0.000		79.500		0.000		190.127		0.000		190.127
12-2026		3.468		0.000		2.224		0.000		79.500		0.000		176.818		0.000		176.818
12-2027		3.226		0.000		2.068		0.000		79.500		0.000		164.441		0.000		164.441
S TOT		96.881		0.000		62.125		0.000		79.500		0.000		4938.920		0.000		4938.920
AFTER		19.868		0.000		12.740		0.000		79.500		0.000		1012.861		0.000		1012.861
TOTAL		116.749		0.000		74.865		0.000		79.500		0.000		5951.780		0.000		5951.780

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		160.869		0.000		0.000		0.000		614.625		614.625		587.959
12-2014		0.000		0.000		123.389		0.000		0.000		0.000		457.110		1071.735		985.057
12-2015		0.000		0.000		102.560		0.000		0.000		0.000		372.686		1444.421		1279.251
12-2016		0.000		0.000		90.983		0.000		0.000		0.000		316.707		1761.128		1506.477
12-2017		0.000		0.000		84.549		0.000		0.000		0.000		275.441		2036.569		1686.105
12-2018		0.000		0.000		80.398		0.000		0.000		0.000		243.792		2280.361		1830.611
12-2019		0.000		0.000		76.500		0.000		0.000		0.000		219.649		2500.009		1948.977
12-2020		0.000		20.316		76.500		0.000		0.000		0.000		176.664		2676.673		2035.643
12-2021		0.000		25.416		76.500		0.000		0.000		0.000		152.246		2828.920		2103.446
12-2022		0.000		23.637		76.500		0.000		0.000		0.000		136.234		2965.154		2158.603
12-2023		0.000		21.983		76.500		0.000		0.000		0.000		121.343		3086.497		2203.268
12-2024		0.000		20.444		76.500		0.000		0.000		0.000		107.494		3193.990		2239.239
12-2025		0.000		19.013		76.500		0.000		0.000		0.000		94.614		3288.605		2268.023
12-2026		0.000		17.682		76.500		0.000		0.000		0.000		82.636		3371.241		2290.880
12-2027		0.000		16.444		76.500		0.000		0.000		0.000		71.497		3442.738		2308.859
S TOT		0.000		164.934		1331.248		0.000		0.000		0.000		3442.738		3442.738		2308.859
AFTER		0.000		101.286		656.625		0.000		0.000		0.000		254.950		3697.687		2356.813
TOTAL		0.000		266.220		1987.873		0.000		0.000		0.000		3697.687		3697.687		2356.813

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		151.867		0.000
GROSS CUM., MB & MMF		35.118		0.000
GROSS RES., MB & MMF		116.749		0.000
NET RES., MB & MMF		74.865		0.000
NET REVENUE, M$		5951.780		0.000
INITIAL PRICE, $		79.500		0.000
INITIAL N.I., PCT.		64.125		0.000

		P.W. %		P.W., M$
LIFE, YRS.	23.58		5.00		2871.853
DISCOUNT %	10.00		10.00		2356.813
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		2203.032
DISCOUNTED PAYOUT, YRS.	0.00		15.00		2010.719
UNDISCOUNTED NET/INVEST.	0.00		18.00		1853.594
DISCOUNTED NET/INVEST.	0.00		20.00		1763.986
RATE-OF-RETURN, PCT.	100.00		30.00		1436.904
INITIAL W.I., PCT.	75.000		60.00		980.977
			80.00		835.333
			100.00		738.810

Hardy 7-9	DATE	:	03/18/2013
4N 21W 9	TIME	:	13:54:12
BAKKEN	DBS	:	MHA
EERG	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.431		0.000		0.369		0.000		79.500		0.000		29.299		0.000		29.299
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.431		0.000		0.369		0.000		79.500		0.000		29.299		0.000		29.299
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		0.431		0.000		0.369		0.000		79.500		0.000		29.299		0.000		29.299

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		28.805		0.000		0.000		0.000		0.494		0.494		0.492
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		28.805		0.000		0.000		0.000		0.494		0.494		0.492
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.494		0.492
TOTAL		0.000		0.000		28.805		0.000		0.000		0.000		0.494		0.494		0.492

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		14.782		0.000
GROSS CUM., MB & MMF		14.351		0.000
GROSS RES., MB & MMF		0.431		0.000
NET RES., MB & MMF		0.369		0.000
NET REVENUE, M$		29.299		0.000
INITIAL PRICE, $		79.500		0.000
INITIAL N.I., PCT.		85.500		0.000

		P.W. %		P.W., M$
LIFE, YRS.	0.08		5.00		0.493
DISCOUNT %	10.00		10.00		0.492
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		0.492
DISCOUNTED PAYOUT, YRS.	0.00		15.00		0.491
UNDISCOUNTED NET/INVEST.	0.00		18.00		0.491
DISCOUNTED NET/INVEST.	0.00		20.00		0.490
RATE-OF-RETURN, PCT.	100.00		30.00		0.489
INITIAL W.I., PCT.	100.000		60.00		0.485
			80.00		0.482
			100.00		0.480

Hardy 14-17	DATE	:	03/18/2013
4N 21W 17	TIME	:	13:54:12
BAKKEN	DBS	:	MHA
EERG	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		0.000		0.000
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		0.000		0.000
NET RES., MB & MMF		0.000		0.000
NET REVENUE, M$		0.000		0.000
INITIAL PRICE, $		79.500		0.000
INITIAL N.I., PCT.		0.000		0.000

		P.W. %		P.W., M$
LIFE, YRS.	0.00		5.00		0.000
DISCOUNT %	10.00		10.00		0.000
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		0.000
DISCOUNTED PAYOUT, YRS.	0.00		15.00		0.000
UNDISCOUNTED NET/INVEST.	0.00		18.00		0.000
DISCOUNTED NET/INVEST.	0.00		20.00		0.000
RATE-OF-RETURN, PCT.	0.00		30.00		0.000
INITIAL W.I., PCT.	0.000		60.00		0.000
			80.00		0.000
			100.00		0.000

PUD SEC16-4-21W2	DATE	:	03/18/2013
4N 21W 16	TIME	:	13:54:12
BAKKEN	DBS	:	MHA
EERG	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		7.419		0.000		4.758		0.000		79.500		0.000		378.234		0.000		378.234
12-2014		19.808		0.000		12.702		0.000		79.500		0.000		1009.814		0.000		1009.814
12-2015		13.349		0.000		8.560		0.000		79.500		0.000		680.505		0.000		680.505
12-2016		10.467		0.000		6.712		0.000		79.500		0.000		533.596		0.000		533.596
12-2017		8.768		0.000		5.622		0.000		79.500		0.000		446.976		0.000		446.976
12-2018		7.626		0.000		4.890		0.000		79.500		0.000		388.745		0.000		388.745
12-2019		6.795		0.000		4.358		0.000		79.500		0.000		346.427		0.000		346.427
12-2020		6.160		0.000		3.950		0.000		79.500		0.000		314.030		0.000		314.030
12-2021		5.655		0.000		3.626		0.000		79.500		0.000		288.287		0.000		288.287
12-2022		5.241		0.000		3.361		0.000		79.500		0.000		267.164		0.000		267.164
12-2023		4.873		0.000		3.125		0.000		79.500		0.000		248.446		0.000		248.446
12-2024		4.532		0.000		2.906		0.000		79.500		0.000		231.055		0.000		231.055
12-2025		4.215		0.000		2.703		0.000		79.500		0.000		214.881		0.000		214.881
12-2026		3.920		0.000		2.514		0.000		79.500		0.000		199.839		0.000		199.839
12-2027		3.646		0.000		2.338		0.000		79.500		0.000		185.850		0.000		185.850
S TOT		112.474		0.000		72.124		0.000		79.500		0.000		5733.850		0.000		5733.850
AFTER		25.414		0.000		16.297		0.000		79.500		0.000		1295.614		0.000		1295.614
TOTAL		137.888		0.000		88.421		0.000		79.500		0.000		7029.464		0.000		7029.464

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		68.446		0.000		0.000		2400.000		-2090.212		-2090.212		-2003.172
12-2014		0.000		0.000		199.274		0.000		0.000		0.000		810.539		-1279.673		-1297.384
12-2015		0.000		0.000		131.749		0.000		0.000		0.000		548.757		-730.916		-863.850
12-2016		0.000		0.000		101.362		0.000		0.000		0.000		432.235		-298.682		-553.604
12-2017		0.000		0.000		87.688		0.000		0.000		0.000		359.288		60.606		-319.228
12-2018		0.000		0.000		81.535		0.000		0.000		0.000		307.211		367.817		-137.074
12-2019		0.000		0.000		78.766		0.000		0.000		0.000		267.661		635.479		7.185
12-2020		0.000		0.000		77.462		0.000		0.000		0.000		236.568		872.047		123.082
12-2021		0.000		0.000		76.500		0.000		0.000		0.000		211.787		1083.834		217.401
12-2022		0.000		0.000		76.500		0.000		0.000		0.000		190.664		1274.497		294.589
12-2023		0.000		0.000		76.500		0.000		0.000		0.000		171.946		1446.443		357.872
12-2024		0.000		3.735		76.500		0.000		0.000		0.000		150.819		1597.262		408.386
12-2025		0.000		21.488		76.500		0.000		0.000		0.000		116.893		1714.155		443.945
12-2026		0.000		19.984		76.500		0.000		0.000		0.000		103.355		1817.510		472.529
12-2027		0.000		18.585		76.500		0.000		0.000		0.000		90.765		1908.276		495.351
S TOT		0.000		63.792		1361.781		0.000		0.000		2400.000		1908.276		1908.276		495.351
AFTER		0.000		129.561		784.125		0.000		0.000		0.000		381.928		2290.204		564.358
TOTAL		0.000		193.354		2145.906		0.000		0.000		2400.000		2290.204		2290.204		564.358

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		137.888		0.000
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		137.888		0.000
NET RES., MB & MMF		88.421		0.000
NET REVENUE, M$		7029.464		0.000
INITIAL PRICE, $		79.500		0.000
INITIAL N.I., PCT.		64.125		0.000

		P.W. %		P.W., M$
LIFE, YRS.	25.25		5.00		1212.994
DISCOUNT %	10.00		10.00		564.358
UNDISCOUNTED PAYOUT, YRS.	4.83		12.00		375.585
DISCOUNTED PAYOUT, YRS.	6.95		15.00		143.693
UNDISCOUNTED NET/INVEST.	1.95		18.00		-41.546
DISCOUNTED NET/INVEST.	1.25		20.00		-145.119
RATE-OF-RETURN, PCT.	17.33		30.00		-505.770
INITIAL W.I., PCT.	75.000		60.00		-924.875
			80.00		-1016.933
			100.00		-1057.317

MINTON 11-32	DATE	:	03/18/2013
BAKKEN	TIME	:	13:54:12
T31N R47E SEC 34	DBS	:	MHA
	SETTINGS	:	SETDATA
	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		6.492		0.000		2.775		0.000		79.500		0.000		220.642		0.000		220.642
12-2014		1.692		0.000		0.723		0.000		79.500		0.000		57.515		0.000		57.515
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		8.184		0.000		3.499		0.000		79.500		0.000		278.157		0.000		278.157
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		8.184		0.000		3.499		0.000		79.500		0.000		278.157		0.000		278.157

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		98.703		0.000		0.000		0.000		121.939		121.939		118.015
12-2014		0.000		0.000		47.492		0.000		0.000		0.000		10.024		131.963		126.963
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		146.195		0.000		0.000		0.000		131.963		131.963		126.963
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		131.963		126.963
TOTAL		0.000		0.000		146.195		0.000		0.000		0.000		131.963		131.963		126.963

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		13.427		0.000
GROSS CUM., MB & MMF		5.243		0.000
GROSS RES., MB & MMF		8.184		0.000
NET RES., MB & MMF		3.499		0.000
NET REVENUE, M$		278.157		0.000
INITIAL PRICE, $		79.500		0.000
INITIAL N.I., PCT.		36.342		0.000

		P.W. %		P.W., M$
LIFE, YRS.	1.58		5.00		129.363
DISCOUNT %	10.00		10.00		126.963
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		126.054
DISCOUNTED PAYOUT, YRS.	0.00		15.00		124.740
UNDISCOUNTED NET/INVEST.	0.00		18.00		123.483
DISCOUNTED NET/INVEST.	0.00		20.00		122.673
RATE-OF-RETURN, PCT.	100.00		30.00		118.941
INITIAL W.I., PCT.	50.000		60.00		110.121
			80.00		105.612
			100.00		101.847

AARESTAD 4-34H	DATE	:	03/18/2013
160N 97W 34	TIME	:	13:54:12
BAKKEN	DBS	:	MHA
KODIAK OIL & GAS USA INC	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		5.629		8.786		0.028		0.044		81.850		2.519		2.304		0.111		2.414
12-2014		4.595		6.736		0.023		0.034		81.850		3.500		1.880		0.118		1.998
12-2015		3.964		5.458		0.020		0.027		81.850		3.500		1.622		0.096		1.718
12-2016		3.528		4.563		0.018		0.023		81.850		3.500		1.444		0.080		1.524
12-2017		3.205		3.894		0.016		0.019		81.850		3.500		1.311		0.068		1.380
12-2018		2.953		3.370		0.015		0.017		81.850		3.500		1.208		0.059		1.267
12-2019		2.743		2.942		0.014		0.015		81.850		3.500		1.123		0.051		1.174
12-2020		2.551		2.570		0.013		0.013		81.850		3.500		1.044		0.045		1.089
12-2021		2.372		2.246		0.012		0.011		81.850		3.500		0.971		0.039		1.010
12-2022		2.206		1.962		0.011		0.010		81.850		3.500		0.903		0.034		0.937
12-2023		2.052		1.715		0.010		0.009		81.850		3.500		0.840		0.030		0.870
12-2024		1.908		1.498		0.010		0.007		81.850		3.500		0.781		0.026		0.807
12-2025		1.775		1.309		0.009		0.007		81.850		3.500		0.726		0.023		0.749
12-2026		1.651		1.144		0.008		0.006		81.850		3.500		0.675		0.020		0.695
12-2027		1.535		0.999		0.008		0.005		81.850		3.500		0.628		0.017		0.646
S TOT		42.666		49.192		0.213		0.246		81.850		3.325		17.461		0.818		18.279
AFTER		3.588		2.090		0.018		0.010		81.850		3.500		1.468		0.037		1.505
TOTAL		46.254		51.282		0.231		0.256		81.850		3.332		18.930		0.854		19.784

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.270		0.618		0.000		0.000		0.000		1.527		1.527		1.459
12-2014		0.000		0.220		0.567		0.000		0.000		0.000		1.211		2.738		2.511
12-2015		0.000		0.190		0.537		0.000		0.000		0.000		0.991		3.730		3.293
12-2016		0.000		0.169		0.516		0.000		0.000		0.000		0.839		4.569		3.895
12-2017		0.000		0.153		0.501		0.000		0.000		0.000		0.725		5.294		4.368
12-2018		0.000		0.141		0.491		0.000		0.000		0.000		0.636		5.930		4.745
12-2019		0.000		0.131		0.482		0.000		0.000		0.000		0.561		6.491		5.048
12-2020		0.000		0.121		0.476		0.000		0.000		0.000		0.492		6.982		5.288
12-2021		0.000		0.113		0.471		0.000		0.000		0.000		0.427		7.409		5.479
12-2022		0.000		0.105		0.466		0.000		0.000		0.000		0.366		7.775		5.627
12-2023		0.000		0.098		0.463		0.000		0.000		0.000		0.309		8.084		5.741
12-2024		0.000		0.091		0.460		0.000		0.000		0.000		0.256		8.340		5.826
12-2025		0.000		0.084		0.458		0.000		0.000		0.000		0.207		8.547		5.889
12-2026		0.000		0.078		0.457		0.000		0.000		0.000		0.161		8.707		5.934
12-2027		0.000		0.073		0.455		0.000		0.000		0.000		0.118		8.825		5.963
S TOT		0.000		2.035		7.419		0.000		0.000		0.000		8.825		8.825		5.963
AFTER		0.000		0.170		1.209		0.000		0.000		0.000		0.126		8.951		5.991
TOTAL		0.000		2.205		8.628		0.000		0.000		0.000		8.951		8.951		5.991

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		78.457		107.636
GROSS CUM., MB & MMF		32.203		56.354
GROSS RES., MB & MMF		46.254		51.282
NET RES., MB & MMF		0.231		0.256
NET REVENUE, M$		18.930		0.854
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.500		0.500

		P.W. %		P.W., M$
LIFE, YRS.	17.67		5.00		7.179
DISCOUNT %	10.00		10.00		5.991
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		5.623
DISCOUNTED PAYOUT, YRS.	0.00		15.00		5.153
UNDISCOUNTED NET/INVEST.	0.00		18.00		4.763
DISCOUNTED NET/INVEST.	0.00		20.00		4.537
RATE-OF-RETURN, PCT.	100.00		30.00		3.700
INITIAL W.I., PCT.	0.625		60.00		2.507
			80.00		2.124
			100.00		1.870

ADAMS 2-18H	DATE	:	03/18/2013
163N 100W 18	TIME	:	13:54:12
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		73.434		82.380		10.879		12.204		81.850		2.394		890.411		29.214		919.625
12-2014		51.897		50.040		7.688		7.413		81.850		3.500		629.265		25.945		655.210
12-2015		42.447		35.247		6.288		5.222		81.850		3.500		514.685		18.275		532.960
12-2016		36.792		26.323		5.450		3.900		81.850		3.500		446.106		13.648		459.755
12-2017		32.918		20.297		4.876		3.007		81.850		3.500		399.140		10.524		409.663
12-2018		30.051		15.970		4.452		2.366		81.850		3.500		364.381		8.280		372.661
12-2019		27.819		12.742		4.121		1.888		81.850		3.500		337.317		6.607		343.923
12-2020		26.018		10.272		3.854		1.522		81.850		3.500		315.471		5.326		320.797
12-2021		24.524		8.346		3.633		1.236		81.850		3.500		297.358		4.327		301.685
12-2022		23.252		6.821		3.445		1.010		81.850		3.500		281.940		3.537		285.476
12-2023		22.089		5.586		3.272		0.827		81.850		3.500		267.837		2.896		270.734
12-2024		20.985		4.574		3.109		0.678		81.850		3.500		254.445		2.372		256.817
12-2025		19.936		3.746		2.953		0.555		81.850		3.500		241.723		1.942		243.666
12-2026		18.939		3.068		2.806		0.454		81.850		3.500		229.637		1.591		231.228
12-2027		17.992		2.512		2.665		0.372		81.850		3.500		218.155		1.303		219.458
S TOT		469.093		287.925		69.491		42.653		81.850		3.184		5687.870		135.787		5823.658
AFTER		200.734		11.002		29.737		1.630		81.850		3.500		2433.943		5.704		2439.647
TOTAL		669.827		298.927		99.228		44.283		81.850		3.195		8121.813		141.491		8263.305

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		103.740		27.435		0.000		0.000		0.000		788.450		788.450		754.571
12-2014		0.000		73.181		22.156		0.000		0.000		0.000		559.873		1348.324		1241.022
12-2015		0.000		59.763		20.113		0.000		0.000		0.000		453.084		1801.408		1598.671
12-2016		0.000		51.731		18.964		0.000		0.000		0.000		389.059		2190.468		1877.771
12-2017		0.000		46.232		18.211		0.000		0.000		0.000		345.221		2535.688		2102.863
12-2018		0.000		42.164		17.671		0.000		0.000		0.000		312.827		2848.515		2288.266
12-2019		0.000		38.999		17.261		0.000		0.000		0.000		287.663		3136.178		2443.241
12-2020		0.000		36.447		16.938		0.000		0.000		0.000		267.412		3403.590		2574.199
12-2021		0.000		34.332		16.675		0.000		0.000		0.000		250.678		3654.268		2685.795
12-2022		0.000		32.534		16.456		0.000		0.000		0.000		236.486		3890.754		2781.500
12-2023		0.000		30.892		16.270		0.000		0.000		0.000		223.571		4114.326		2863.752
12-2024		0.000		29.336		16.110		0.000		0.000		0.000		211.371		4325.697		2934.447
12-2025		0.000		27.859		15.971		0.000		0.000		0.000		199.836		4525.533		2995.207
12-2026		0.000		26.458		15.848		0.000		0.000		0.000		188.922		4714.454		3047.427
12-2027		0.000		25.129		15.739		0.000		0.000		0.000		178.590		4893.044		3092.303
S TOT		0.000		658.797		271.816		0.000		0.000		0.000		4893.044		4893.044		3092.303
AFTER		0.000		280.083		261.286		0.000		0.000		0.000		1898.278		6791.322		3345.034
TOTAL		0.000		938.880		533.102		0.000		0.000		0.000		6791.323		6791.322		3345.034

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		738.877		298.927
GROSS CUM., MB & MMF		69.050		0.000
GROSS RES., MB & MMF		669.827		298.927
NET RES., MB & MMF		99.228		44.283
NET REVENUE, M$		8121.813		141.491
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.814		14.814

		P.W. %		P.W., M$
LIFE, YRS.	32.25		5.00		4456.973
DISCOUNT %	10.00		10.00		3345.034
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		3056.373
DISCOUNTED PAYOUT, YRS.	0.00		15.00		2719.616
UNDISCOUNTED NET/INVEST.	0.00		18.00		2462.389
DISCOUNTED NET/INVEST.	0.00		20.00		2322.140
RATE-OF-RETURN, PCT.	100.00		30.00		1843.581
INITIAL W.I., PCT.	18.521		60.00		1238.933
			80.00		1054.884
			100.00		934.141

ANTON 3-4	DATE	:	03/18/2013
163N 101W 4	TIME	:	13:54:12
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		57.661		32.980		9.919		5.680		81.850		2.265		811.839		12.867		824.706
12-2014		36.694		20.122		2.924		1.608		81.850		3.500		239.301		5.629		244.930
12-2015		29.258		15.399		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2016		25.072		12.667		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2017		22.292		10.812		8.181		3.968		81.850		3.500		669.628		13.888		683.516
12-2018		20.272		9.440		7.440		3.464		81.850		3.500		608.946		12.125		621.071
12-2019		18.718		8.368		6.870		3.071		81.850		3.500		562.271		10.749		573.020
12-2020		17.475		7.500		6.413		2.753		81.850		3.500		524.923		9.634		534.557
12-2021		16.451		6.779		6.037		2.488		81.850		3.500		494.156		8.707		502.864
12-2022		15.588		6.167		5.721		2.263		81.850		3.500		468.238		7.921		476.159
12-2023		14.848		5.640		5.449		2.070		81.850		3.500		446.015		7.244		453.259
12-2024		14.204		5.180		5.213		1.901		81.850		3.500		426.685		6.654		433.338
12-2025		13.638		4.775		5.005		1.752		81.850		3.500		409.669		6.134		415.802
12-2026		13.134		4.415		4.820		1.620		81.850		3.500		394.540		5.671		400.211
12-2027		12.683		4.093		4.655		1.502		81.850		3.500		380.973		5.258		386.230
S TOT		327.988		154.338		78.646		34.142		81.850		3.295		6437.184		112.483		6549.667
AFTER		310.353		55.921		113.900		20.523		81.850		3.500		9322.690		71.831		9394.523
TOTAL		638.341		210.259		192.546		54.665		81.850		3.372		15759.874		184.313		15944.190

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		93.986		74.752		0.000		0.000		0.000		655.968		655.968		631.233
12-2014		0.000		27.697		60.748		0.000		0.000		0.000		156.486		812.454		768.659
12-2015		0.000		0.000		55.337		0.000		0.000		0.000		-55.337		757.117		725.014
12-2016		0.000		0.000		52.222		0.000		0.000		0.000		-52.222		704.896		687.577
12-2017		0.000		77.444		50.129		0.000		0.000		0.000		555.943		1260.839		1050.078
12-2018		0.000		70.410		48.599		0.000		0.000		0.000		502.063		1762.902		1347.641
12-2019		0.000		64.999		47.416		0.000		0.000		0.000		460.605		2223.507		1595.791
12-2020		0.000		60.669		46.466		0.000		0.000		0.000		427.422		2650.929		1805.113
12-2021		0.000		57.102		45.682		0.000		0.000		0.000		400.080		3051.009		1983.222
12-2022		0.000		54.096		45.021		0.000		0.000		0.000		377.043		3428.051		2135.808
12-2023		0.000		51.519		44.452		0.000		0.000		0.000		357.288		3785.339		2267.250
12-2024		0.000		49.278		43.957		0.000		0.000		0.000		340.103		4125.442		2380.992
12-2025		0.000		47.305		43.521		0.000		0.000		0.000		324.977		4450.419		2479.792
12-2026		0.000		45.550		43.133		0.000		0.000		0.000		311.528		4761.947		2565.891
12-2027		0.000		43.977		42.784		0.000		0.000		0.000		299.469		5061.416		2641.131
S TOT		0.000		744.032		744.219		0.000		0.000		0.000		5061.416		5061.416		2641.131
AFTER		0.000		1074.367		1394.101		0.000		0.000		0.000		6926.053		11987.470		3206.208
TOTAL		0.000		1818.399		2138.321		0.000		0.000		0.000		11987.468		11987.470		3206.208

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		668.483		228.037
GROSS CUM., MB & MMF		30.142		17.778
GROSS RES., MB & MMF		638.341		210.259
NET RES., MB & MMF		192.546		54.665
NET REVENUE, M$		15759.876		184.313
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		18.350		18.350

		P.W. %		P.W., M$
LIFE, YRS.	50.00		5.00		5308.749
DISCOUNT %	10.00		10.00		3206.207
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		2755.662
DISCOUNTED PAYOUT, YRS.	0.00		15.00		2274.766
UNDISCOUNTED NET/INVEST.	0.00		18.00		1938.951
DISCOUNTED NET/INVEST.	0.00		20.00		1767.393
RATE-OF-RETURN, PCT.	100.00		30.00		1247.283
INITIAL W.I., PCT.	45.740		60.00		760.669
			80.00		655.527
			100.00		596.203

AUGUST 4-26H	DATE	:	03/18/2013
163N 101W 26	TIME	:	13:54:12
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		21.866		19.272		1.135		1.000		81.850		2.318		92.876		2.319		95.194
12-2014		13.637		11.437		0.708		0.594		81.850		3.500		57.922		2.077		60.000
12-2015		10.828		8.654		0.562		0.449		81.850		3.500		45.994		1.572		47.566
12-2016		9.262		7.055		0.481		0.366		81.850		3.500		39.341		1.281		40.622
12-2017		8.226		5.973		0.427		0.310		81.850		3.500		34.941		1.085		36.026
12-2018		7.476		5.174		0.388		0.269		81.850		3.500		31.753		0.940		32.693
12-2019		6.899		4.552		0.358		0.236		81.850		3.500		29.303		0.827		30.129
12-2020		6.413		4.033		0.333		0.209		81.850		3.500		27.239		0.733		27.972
12-2021		5.964		3.576		0.309		0.186		81.850		3.500		25.332		0.649		25.982
12-2022		5.546		3.170		0.288		0.165		81.850		3.500		23.559		0.576		24.135
12-2023		5.158		2.811		0.268		0.146		81.850		3.500		21.910		0.511		22.420
12-2024		4.797		2.492		0.249		0.129		81.850		3.500		20.376		0.453		20.829
12-2025		4.461		2.209		0.232		0.115		81.850		3.500		18.950		0.401		19.351
12-2026		4.149		1.959		0.215		0.102		81.850		3.500		17.623		0.356		17.979
12-2027		3.859		1.736		0.200		0.090		81.850		3.500		16.390		0.315		16.705
S TOT		118.541		84.104		6.152		4.365		81.850		3.229		503.509		14.094		517.604
AFTER		33.474		11.227		1.737		0.583		81.850		3.500		142.182		2.039		144.221
TOTAL		152.014		95.331		7.889		4.947		81.850		3.261		645.691		16.133		661.825

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		10.791		7.962		0.000		0.000		0.000		76.441		76.441		73.333
12-2014		0.000		6.726		6.736		0.000		0.000		0.000		46.537		122.978		113.787
12-2015		0.000		5.339		6.318		0.000		0.000		0.000		35.909		158.887		142.140
12-2016		0.000		4.564		6.085		0.000		0.000		0.000		29.973		188.860		163.646
12-2017		0.000		4.052		5.930		0.000		0.000		0.000		26.043		214.904		180.630
12-2018		0.000		3.681		5.819		0.000		0.000		0.000		23.193		238.097		194.377
12-2019		0.000		3.396		5.733		0.000		0.000		0.000		21.001		259.098		205.693
12-2020		0.000		3.156		5.660		0.000		0.000		0.000		19.156		278.254		215.075
12-2021		0.000		2.934		5.593		0.000		0.000		0.000		17.455		295.709		222.848
12-2022		0.000		2.727		5.531		0.000		0.000		0.000		15.876		311.585		229.275
12-2023		0.000		2.536		5.473		0.000		0.000		0.000		14.411		325.996		234.579
12-2024		0.000		2.357		5.420		0.000		0.000		0.000		13.052		339.048		238.945
12-2025		0.000		2.192		5.369		0.000		0.000		0.000		11.790		350.838		242.531
12-2026		0.000		2.038		5.323		0.000		0.000		0.000		10.618		361.456		245.468
12-2027		0.000		1.895		5.280		0.000		0.000		0.000		9.531		370.987		247.864
S TOT		0.000		58.384		88.233		0.000		0.000		0.000		370.987		370.987		247.864
AFTER		0.000		16.415		73.599		0.000		0.000		0.000		54.207		425.194		256.791
TOTAL		0.000		74.799		161.832		0.000		0.000		0.000		425.194		425.194		256.791

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		162.727		95.331
GROSS CUM., MB & MMF		10.713		0.000
GROSS RES., MB & MMF		152.014		95.331
NET RES., MB & MMF		7.889		4.947
NET REVENUE, M$		645.691		16.133
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		5.189		5.189

		P.W. %		P.W., M$
LIFE, YRS.	29.58		5.00		318.023
DISCOUNT %	10.00		10.00		256.791
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		239.319
DISCOUNTED PAYOUT, YRS.	0.00		15.00		217.964
UNDISCOUNTED NET/INVEST.	0.00		18.00		200.901
DISCOUNTED NET/INVEST.	0.00		20.00		191.314
RATE-OF-RETURN, PCT.	100.00		30.00		157.089
INITIAL W.I., PCT.	6.534		60.00		110.671
			80.00		95.874
			100.00		85.990

BAGLEY 4-30H S18-19	DATE	:	03/18/2013
163N 100W 30	TIME	:	13:54:12
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		43.678		23.919		1.332		0.729		81.850		2.475		109.029		1.805		110.835
12-2014		31.760		16.696		0.969		0.509		81.850		3.500		79.279		1.782		81.061
12-2015		25.332		12.787		0.773		0.390		81.850		3.500		63.235		1.365		64.600
12-2016		21.250		10.300		0.648		0.314		81.850		3.500		53.045		1.099		54.144
12-2017		18.403		8.566		0.561		0.261		81.850		3.500		45.939		0.914		46.853
12-2018		16.293		7.283		0.497		0.222		81.850		3.500		40.671		0.777		41.449
12-2019		14.660		6.293		0.447		0.192		81.850		3.500		36.594		0.672		37.266
12-2020		13.354		5.505		0.407		0.168		81.850		3.500		33.335		0.588		33.923
12-2021		12.284		4.863		0.375		0.148		81.850		3.500		30.664		0.519		31.184
12-2022		11.388		4.330		0.347		0.132		81.850		3.500		28.426		0.462		28.888
12-2023		10.590		3.867		0.323		0.118		81.850		3.500		26.434		0.413		26.847
12-2024		9.848		3.454		0.300		0.105		81.850		3.500		24.583		0.369		24.952
12-2025		9.159		3.085		0.279		0.094		81.850		3.500		22.863		0.329		23.192
12-2026		8.518		2.755		0.260		0.084		81.850		3.500		21.262		0.294		21.556
12-2027		7.921		2.461		0.242		0.075		81.850		3.500		19.774		0.263		20.037
S TOT		254.437		116.164		7.760		3.543		81.850		3.289		635.134		11.652		646.786
AFTER		84.556		18.937		2.579		0.578		81.850		3.500		211.072		2.021		213.093
TOTAL		338.994		135.101		10.338		4.120		81.850		3.319		846.206		13.673		859.879

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		12.619		5.288		0.000		0.000		0.000		92.929		92.929		88.895
12-2014		0.000		9.173		4.791		0.000		0.000		0.000		67.097		160.026		147.201
12-2015		0.000		7.315		4.509		0.000		0.000		0.000		52.776		212.802		188.872
12-2016		0.000		6.135		4.320		0.000		0.000		0.000		43.690		256.492		220.223
12-2017		0.000		5.312		4.182		0.000		0.000		0.000		37.359		293.851		244.589
12-2018		0.000		4.702		4.076		0.000		0.000		0.000		32.671		326.522		263.957
12-2019		0.000		4.229		3.991		0.000		0.000		0.000		29.045		355.567		279.609
12-2020		0.000		3.852		3.921		0.000		0.000		0.000		26.150		381.717		292.419
12-2021		0.000		3.543		3.862		0.000		0.000		0.000		23.779		405.496		303.007
12-2022		0.000		3.283		3.811		0.000		0.000		0.000		21.793		427.289		311.828
12-2023		0.000		3.053		3.767		0.000		0.000		0.000		20.027		447.316		319.198
12-2024		0.000		2.839		3.728		0.000		0.000		0.000		18.385		465.701		325.349
12-2025		0.000		2.640		3.694		0.000		0.000		0.000		16.859		482.560		330.476
12-2026		0.000		2.454		3.663		0.000		0.000		0.000		15.439		497.999		334.744
12-2027		0.000		2.282		3.634		0.000		0.000		0.000		14.120		512.119		338.293
S TOT		0.000		73.430		61.237		0.000		0.000		0.000		512.119		512.119		338.293
AFTER		0.000		24.337		77.208		0.000		0.000		0.000		111.549		623.668		354.332
TOTAL		0.000		97.767		138.444		0.000		0.000		0.000		623.668		623.668		354.332

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		466.538		219.986
GROSS CUM., MB & MMF		127.544		84.885
GROSS RES., MB & MMF		338.994		135.101
NET RES., MB & MMF		10.338		4.120
NET REVENUE, M$		846.206		13.673
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		3.050		3.050

		P.W. %		P.W., M$
LIFE, YRS.	37.42		5.00		447.679
DISCOUNT %	10.00		10.00		354.332
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		328.508
DISCOUNTED PAYOUT, YRS.	0.00		15.00		297.346
UNDISCOUNTED NET/INVEST.	0.00		18.00		272.712
DISCOUNTED NET/INVEST.	0.00		20.00		258.955
RATE-OF-RETURN, PCT.	100.00		30.00		210.184
INITIAL W.I., PCT.	3.872		60.00		144.438
			80.00		123.556
			100.00		109.660

BAJA 1522-04TFH	DATE	:	03/18/2013
163N 99W 15	TIME	:	13:54:12
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		25.236		29.228		0.126		0.146		81.850		2.323		10.328		0.339		10.667
12-2014		15.786		17.449		0.079		0.087		81.850		3.500		6.460		0.305		6.766
12-2015		12.542		13.248		0.063		0.066		81.850		3.500		5.133		0.232		5.365
12-2016		10.731		10.834		0.054		0.054		81.850		3.500		4.392		0.190		4.581
12-2017		9.532		9.200		0.048		0.046		81.850		3.500		3.901		0.161		4.062
12-2018		8.663		7.993		0.043		0.040		81.850		3.500		3.545		0.140		3.685
12-2019		7.995		7.051		0.040		0.035		81.850		3.500		3.272		0.123		3.395
12-2020		7.432		6.266		0.037		0.031		81.850		3.500		3.042		0.110		3.151
12-2021		6.912		5.571		0.035		0.028		81.850		3.500		2.829		0.097		2.926
12-2022		6.428		4.953		0.032		0.025		81.850		3.500		2.631		0.087		2.717
12-2023		5.978		4.404		0.030		0.022		81.850		3.500		2.447		0.077		2.524
12-2024		5.560		3.915		0.028		0.020		81.850		3.500		2.275		0.069		2.344
12-2025		5.170		3.481		0.026		0.017		81.850		3.500		2.116		0.061		2.177
12-2026		4.809		3.095		0.024		0.015		81.850		3.500		1.968		0.054		2.022
12-2027		4.472		2.752		0.022		0.014		81.850		3.500		1.830		0.048		1.878
S TOT		137.246		129.442		0.686		0.647		81.850		3.234		56.168		2.093		58.261
AFTER		40.121		18.491		0.201		0.092		81.850		3.500		16.420		0.324		16.743
TOTAL		177.367		147.933		0.887		0.740		81.850		3.267		72.587		2.417		75.004

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		1.204		0.849		0.000		0.000		0.000		8.615		8.615		8.263
12-2014		0.000		0.753		0.704		0.000		0.000		0.000		5.309		13.924		12.878
12-2015		0.000		0.598		0.654		0.000		0.000		0.000		4.113		18.037		16.125
12-2016		0.000		0.511		0.626		0.000		0.000		0.000		3.444		21.481		18.596
12-2017		0.000		0.454		0.607		0.000		0.000		0.000		3.001		24.482		20.553
12-2018		0.000		0.412		0.594		0.000		0.000		0.000		2.679		27.161		22.141
12-2019		0.000		0.380		0.583		0.000		0.000		0.000		2.432		29.593		23.451
12-2020		0.000		0.353		0.575		0.000		0.000		0.000		2.223		31.816		24.540
12-2021		0.000		0.328		0.568		0.000		0.000		0.000		2.030		33.846		25.444
12-2022		0.000		0.305		0.562		0.000		0.000		0.000		1.850		35.696		26.193
12-2023		0.000		0.284		0.557		0.000		0.000		0.000		1.683		37.379		26.812
12-2024		0.000		0.264		0.553		0.000		0.000		0.000		1.527		38.906		27.323
12-2025		0.000		0.245		0.549		0.000		0.000		0.000		1.383		40.289		27.744
12-2026		0.000		0.228		0.545		0.000		0.000		0.000		1.249		41.538		28.089
12-2027		0.000		0.212		0.542		0.000		0.000		0.000		1.124		42.662		28.372
S TOT		0.000		6.530		9.068		0.000		0.000		0.000		42.662		42.662		28.372
AFTER		0.000		1.898		8.149		0.000		0.000		0.000		6.696		49.358		29.456
TOTAL		0.000		8.429		17.217		0.000		0.000		0.000		49.358		49.358		29.456

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		193.667		165.028
GROSS CUM., MB & MMF		16.300		17.095
GROSS RES., MB & MMF		177.367		147.933
NET RES., MB & MMF		0.887		0.740
NET REVENUE, M$		72.587		2.417
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.500		0.500

		P.W. %		P.W., M$
LIFE, YRS.	30.50		5.00		36.642
DISCOUNT %	10.00		10.00		29.456
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		27.417
DISCOUNTED PAYOUT, YRS.	0.00		15.00		24.932
UNDISCOUNTED NET/INVEST.	0.00		18.00		22.951
DISCOUNTED NET/INVEST.	0.00		20.00		21.840
RATE-OF-RETURN, PCT.	100.00		30.00		17.886
INITIAL W.I., PCT.	0.625		60.00		12.551
			80.00		10.857
			100.00		9.727

BAJA 1522-5MBH	DATE	:	03/18/2013
163N 99W 15	TIME	:	13:54:12
BAKKEN	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		54.210		82.662		0.271		0.413		81.850		2.317		22.185		0.958		23.143
12-2014		33.699		49.179		0.168		0.246		81.850		3.500		13.791		0.861		14.652
12-2015		26.743		37.397		0.134		0.187		81.850		3.500		10.944		0.654		11.599
12-2016		22.868		30.649		0.114		0.153		81.850		3.500		9.359		0.536		9.895
12-2017		20.307		26.088		0.102		0.130		81.850		3.500		8.311		0.457		8.767
12-2018		18.452		22.722		0.092		0.114		81.850		3.500		7.552		0.398		7.949
12-2019		17.027		20.098		0.085		0.100		81.850		3.500		6.968		0.352		7.320
12-2020		15.828		17.909		0.079		0.090		81.850		3.500		6.478		0.313		6.791
12-2021		14.720		15.965		0.074		0.080		81.850		3.500		6.024		0.279		6.304
12-2022		13.689		14.233		0.068		0.071		81.850		3.500		5.602		0.249		5.852
12-2023		12.731		12.689		0.064		0.063		81.850		3.500		5.210		0.222		5.432
12-2024		11.840		11.312		0.059		0.057		81.850		3.500		4.846		0.198		5.043
12-2025		11.011		10.084		0.055		0.050		81.850		3.500		4.506		0.176		4.683
12-2026		10.240		8.990		0.051		0.045		81.850		3.500		4.191		0.157		4.348
12-2027		9.524		8.015		0.048		0.040		81.850		3.500		3.898		0.140		4.038
S TOT		292.890		367.992		1.464		1.840		81.850		3.234		119.865		5.951		125.816
AFTER		107.353		62.525		0.537		0.313		81.850		3.500		43.934		1.094		45.028
TOTAL		400.243		430.517		2.001		2.153		81.850		3.273		163.799		7.045		170.845

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		2.597		0.883		0.000		0.000		0.000		19.664		19.664		18.856
12-2014		0.000		1.613		0.726		0.000		0.000		0.000		12.313		31.977		29.558
12-2015		0.000		1.279		0.672		0.000		0.000		0.000		9.648		41.625		37.175
12-2016		0.000		1.093		0.641		0.000		0.000		0.000		8.161		49.785		43.030
12-2017		0.000		0.970		0.621		0.000		0.000		0.000		7.176		56.962		47.709
12-2018		0.000		0.881		0.606		0.000		0.000		0.000		6.462		63.424		51.539
12-2019		0.000		0.812		0.595		0.000		0.000		0.000		5.913		69.337		54.725
12-2020		0.000		0.755		0.586		0.000		0.000		0.000		5.451		74.787		57.394
12-2021		0.000		0.702		0.578		0.000		0.000		0.000		5.024		79.811		59.631
12-2022		0.000		0.652		0.572		0.000		0.000		0.000		4.628		84.439		61.505
12-2023		0.000		0.606		0.566		0.000		0.000		0.000		4.260		88.699		63.072
12-2024		0.000		0.563		0.561		0.000		0.000		0.000		3.919		92.618		64.383
12-2025		0.000		0.524		0.557		0.000		0.000		0.000		3.602		96.219		65.478
12-2026		0.000		0.487		0.553		0.000		0.000		0.000		3.308		99.527		66.393
12-2027		0.000		0.453		0.550		0.000		0.000		0.000		3.035		102.562		67.156
S TOT		0.000		13.987		9.267		0.000		0.000		0.000		102.562		102.562		67.156
AFTER		0.000		5.087		13.666		0.000		0.000		0.000		26.276		128.838		70.758
TOTAL		0.000		19.074		22.933		0.000		0.000		0.000		128.838		128.838		70.758

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		429.011		458.861
GROSS CUM., MB & MMF		28.768		28.344
GROSS RES., MB & MMF		400.243		430.517
NET RES., MB & MMF		2.001		2.153
NET REVENUE, M$		163.799		7.045
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.500		0.500

		P.W. %		P.W., M$
LIFE, YRS.	41.00		5.00		90.364
DISCOUNT %	10.00		10.00		70.758
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		65.440
DISCOUNTED PAYOUT, YRS.	0.00		15.00		59.087
UNDISCOUNTED NET/INVEST.	0.00		18.00		54.115
DISCOUNTED NET/INVEST.	0.00		20.00		51.358
RATE-OF-RETURN, PCT.	100.00		30.00		41.703
INITIAL W.I., PCT.	0.625		60.00		28.980
			80.00		24.996
			100.00		22.352

BLAZER 2-11-163	DATE	:	03/18/2013
163N 98W 2	TIME	:	13:54:12
BAKKEN	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		17.707		28.539		0.133		0.214		81.850		2.508		10.874		0.537		11.411
12-2014		14.076		21.656		0.106		0.162		81.850		3.500		8.645		0.569		9.213
12-2015		12.046		17.694		0.090		0.133		81.850		3.500		7.398		0.465		7.862
12-2016		10.702		15.009		0.080		0.113		81.850		3.500		6.572		0.394		6.966
12-2017		9.727		13.026		0.073		0.098		81.850		3.500		5.974		0.342		6.316
12-2018		8.977		11.480		0.067		0.086		81.850		3.500		5.513		0.301		5.815
12-2019		8.345		10.190		0.063		0.076		81.850		3.500		5.125		0.268		5.393
12-2020		7.761		9.050		0.058		0.068		81.850		3.500		4.766		0.238		5.004
12-2021		7.218		8.037		0.054		0.060		81.850		3.500		4.433		0.211		4.644
12-2022		6.713		7.137		0.050		0.054		81.850		3.500		4.122		0.187		4.310
12-2023		6.243		6.339		0.047		0.048		81.850		3.500		3.834		0.166		4.000
12-2024		5.806		5.629		0.044		0.042		81.850		3.500		3.566		0.148		3.713
12-2025		5.399		4.999		0.041		0.038		81.850		3.500		3.316		0.131		3.447
12-2026		5.021		4.440		0.038		0.033		81.850		3.500		3.084		0.117		3.200
12-2027		4.670		3.943		0.035		0.030		81.850		3.500		2.868		0.104		2.972
S TOT		130.410		167.168		0.978		1.254		81.850		3.331		80.090		4.178		84.268
AFTER		35.274		23.373		0.265		0.175		81.850		3.500		21.664		0.614		22.277
TOTAL		165.684		190.541		1.243		1.430		81.850		3.351		101.754		4.791		106.545

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		1.274		2.159		0.000		0.000		0.000		7.979		7.979		7.623
12-2014		0.000		1.012		1.925		0.000		0.000		0.000		6.276		14.255		13.074
12-2015		0.000		0.865		1.773		0.000		0.000		0.000		5.225		19.479		17.198
12-2016		0.000		0.768		1.663		0.000		0.000		0.000		4.535		24.015		20.451
12-2017		0.000		0.698		1.579		0.000		0.000		0.000		4.039		28.054		23.085
12-2018		0.000		0.644		1.513		0.000		0.000		0.000		3.659		31.712		25.253
12-2019		0.000		0.598		1.458		0.000		0.000		0.000		3.337		35.049		27.051
12-2020		0.000		0.556		1.413		0.000		0.000		0.000		3.035		38.084		28.538
12-2021		0.000		0.516		1.374		0.000		0.000		0.000		2.753		40.837		29.764
12-2022		0.000		0.480		1.341		0.000		0.000		0.000		2.489		43.326		30.772
12-2023		0.000		0.446		1.311		0.000		0.000		0.000		2.243		45.569		31.597
12-2024		0.000		0.415		1.285		0.000		0.000		0.000		2.013		47.583		32.271
12-2025		0.000		0.385		1.262		0.000		0.000		0.000		1.800		49.382		32.818
12-2026		0.000		0.358		1.241		0.000		0.000		0.000		1.601		50.984		33.261
12-2027		0.000		0.333		1.222		0.000		0.000		0.000		1.416		52.400		33.617
S TOT		0.000		9.348		22.520		0.000		0.000		0.000		52.400		52.400		33.617
AFTER		0.000		2.511		13.180		0.000		0.000		0.000		6.587		58.987		34.774
TOTAL		0.000		11.859		35.700		0.000		0.000		0.000		58.987		58.987		34.774

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		199.335		225.853
GROSS CUM., MB & MMF		33.651		35.312
GROSS RES., MB & MMF		165.684		190.541
NET RES., MB & MMF		1.243		1.430
NET REVENUE, M$		101.754		4.791
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.750		0.750

		P.W. %		P.W., M$
LIFE, YRS.	26.58		5.00		43.737
DISCOUNT %	10.00		10.00		34.774
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		32.187
DISCOUNTED PAYOUT, YRS.	0.00		15.00		29.015
UNDISCOUNTED NET/INVEST.	0.00		18.00		26.475
DISCOUNTED NET/INVEST.	0.00		20.00		25.048
RATE-OF-RETURN, PCT.	100.00		30.00		19.972
INITIAL W.I., PCT.	0.938		60.00		13.240
			80.00		11.168
			100.00		9.813

BORDER FARMS 3130-1H	DATE	:	03/18/2013
163N 99W 6	TIME	:	13:54:12
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		64.800		56.732		9.083		7.952		81.850		2.258		743.438		17.952		761.390
12-2014		38.260		31.648		5.363		4.436		81.850		3.500		438.951		15.527		454.478
12-2015		30.088		23.563		4.217		3.303		81.850		3.500		345.191		11.560		356.751
12-2016		25.626		19.005		3.592		2.664		81.850		3.500		294.001		9.324		303.325
12-2017		22.705		15.948		3.183		2.235		81.850		3.500		260.490		7.824		268.314
12-2018		20.601		13.705		2.888		1.921		81.850		3.500		236.352		6.724		243.075
12-2019		18.992		11.968		2.662		1.677		81.850		3.500		217.891		5.871		223.763
12-2020		17.710		10.570		2.482		1.482		81.850		3.500		203.181		5.186		208.367
12-2021		16.657		9.417		2.335		1.320		81.850		3.500		191.100		4.620		195.720
12-2022		15.771		8.445		2.211		1.184		81.850		3.500		180.936		4.143		185.079
12-2023		14.980		7.598		2.100		1.065		81.850		3.500		171.860		3.728		175.588
12-2024		14.231		6.837		1.995		0.958		81.850		3.500		163.267		3.354		166.622
12-2025		13.519		6.153		1.895		0.862		81.850		3.500		155.104		3.019		158.122
12-2026		12.843		5.537		1.800		0.776		81.850		3.500		147.349		2.716		150.065
12-2027		12.201		4.982		1.710		0.698		81.850		3.500		139.981		2.444		142.425
S TOT		338.982		232.109		47.515		32.535		81.850		3.196		3889.093		103.991		3993.084
AFTER		193.319		43.659		27.097		6.120		81.850		3.500		2217.921		21.419		2239.340
TOTAL		532.301		275.769		74.612		38.654		81.850		3.244		6107.014		125.410		6232.424

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		86.370		27.753		0.000		0.000		0.000		647.267		647.267		621.446
12-2014		0.000		50.967		21.560		0.000		0.000		0.000		381.950		1029.217		953.466
12-2015		0.000		40.060		19.653		0.000		0.000		0.000		297.037		1326.254		1187.981
12-2016		0.000		34.103		18.612		0.000		0.000		0.000		250.610		1576.864		1367.779
12-2017		0.000		30.202		17.930		0.000		0.000		0.000		220.182		1797.045		1511.351
12-2018		0.000		27.392		17.440		0.000		0.000		0.000		198.244		1995.289		1628.849
12-2019		0.000		25.242		17.064		0.000		0.000		0.000		181.457		2176.746		1726.610
12-2020		0.000		23.529		16.765		0.000		0.000		0.000		168.073		2344.819		1808.922
12-2021		0.000		22.122		16.519		0.000		0.000		0.000		157.079		2501.898		1878.851
12-2022		0.000		20.938		16.312		0.000		0.000		0.000		147.828		2649.727		1938.677
12-2023		0.000		19.881		16.128		0.000		0.000		0.000		139.579		2789.305		1990.029
12-2024		0.000		18.881		15.953		0.000		0.000		0.000		131.787		2921.093		2034.107
12-2025		0.000		17.932		15.787		0.000		0.000		0.000		124.404		3045.497		2071.932
12-2026		0.000		17.030		15.629		0.000		0.000		0.000		117.405		3162.902		2104.385
12-2027		0.000		16.175		15.479		0.000		0.000		0.000		110.771		3273.673		2132.220
S TOT		0.000		450.824		268.586		0.000		0.000		0.000		3273.673		3273.673		2132.220
AFTER		0.000		255.734		487.242		0.000		0.000		0.000		1496.363		4770.035		2295.772
TOTAL		0.000		706.558		755.828		0.000		0.000		0.000		4770.037		4770.035		2295.772

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		543.330		285.672
GROSS CUM., MB & MMF		11.029		9.904
GROSS RES., MB & MMF		532.301		275.769
NET RES., MB & MMF		74.612		38.654
NET REVENUE, M$		6107.015		125.410
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.017		14.017

		P.W. %		P.W., M$
LIFE, YRS.	50.00		5.00		3034.847
DISCOUNT %	10.00		10.00		2295.772
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		2109.321
DISCOUNTED PAYOUT, YRS.	0.00		15.00		1893.088
UNDISCOUNTED NET/INVEST.	0.00		18.00		1728.197
DISCOUNTED NET/INVEST.	0.00		20.00		1638.190
RATE-OF-RETURN, PCT.	100.00		30.00		1329.305
INITIAL W.I., PCT.	17.545		60.00		931.393
			80.00		807.451
			100.00		725.078

BORDER FARMS 3130-2TFH	DATE	:	03/18/2013
163N 99W 6	TIME	:	13:54:13
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		75.302		65.444		10.555		9.173		81.850		2.262		863.932		20.751		884.683
12-2014		44.461		36.977		6.232		5.183		81.850		3.500		510.095		18.141		528.236
12-2015		34.964		27.871		4.901		3.907		81.850		3.500		401.139		13.673		414.812
12-2016		29.779		22.757		4.174		3.190		81.850		3.500		341.652		11.164		352.816
12-2017		26.385		19.331		3.698		2.710		81.850		3.500		302.710		9.484		312.194
12-2018		23.940		16.817		3.356		2.357		81.850		3.500		274.659		8.250		282.909
12-2019		22.069		14.864		3.093		2.083		81.850		3.500		253.197		7.292		260.489
12-2020		20.511		13.246		2.875		1.857		81.850		3.500		235.316		6.498		241.815
12-2021		19.075		11.812		2.674		1.656		81.850		3.500		218.844		5.795		224.639
12-2022		17.740		10.533		2.487		1.476		81.850		3.500		203.525		5.167		208.692
12-2023		16.498		9.392		2.313		1.317		81.850		3.500		189.278		4.608		193.886
12-2024		15.343		8.375		2.151		1.174		81.850		3.500		176.029		4.109		180.138
12-2025		14.269		7.468		2.000		1.047		81.850		3.500		163.707		3.664		167.371
12-2026		13.270		6.660		1.860		0.934		81.850		3.500		152.247		3.267		155.515
12-2027		12.341		5.939		1.730		0.832		81.850		3.500		141.590		2.914		144.504
S TOT		385.948		277.485		54.098		38.895		81.850		3.208		4427.919		124.777		4552.696
AFTER		146.571		47.495		20.545		6.657		81.850		3.500		1681.591		23.301		1704.892
TOTAL		532.519		324.981		74.643		45.552		81.850		3.251		6109.511		148.078		6257.588

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		100.361		30.204		0.000		0.000		0.000		754.118		754.118		724.023
12-2014		0.000		59.231		23.007		0.000		0.000		0.000		445.997		1200.116		1111.712
12-2015		0.000		46.561		20.791		0.000		0.000		0.000		347.460		1547.576		1386.033
12-2016		0.000		39.641		19.581		0.000		0.000		0.000		293.594		1841.170		1596.667
12-2017		0.000		35.110		18.789		0.000		0.000		0.000		258.295		2099.465		1765.090
12-2018		0.000		31.845		18.219		0.000		0.000		0.000		232.845		2332.310		1903.094
12-2019		0.000		29.347		17.782		0.000		0.000		0.000		213.360		2545.670		2018.042
12-2020		0.000		27.266		17.418		0.000		0.000		0.000		197.130		2742.800		2114.590
12-2021		0.000		25.349		17.083		0.000		0.000		0.000		182.206		2925.007		2195.716
12-2022		0.000		23.568		16.772		0.000		0.000		0.000		168.353		3093.359		2263.859
12-2023		0.000		21.912		16.482		0.000		0.000		0.000		155.492		3248.852		2321.075
12-2024		0.000		20.372		16.213		0.000		0.000		0.000		143.553		3392.404		2369.097
12-2025		0.000		18.941		15.962		0.000		0.000		0.000		132.467		3524.872		2409.382
12-2026		0.000		17.611		15.729		0.000		0.000		0.000		122.175		3647.046		2443.158
12-2027		0.000		16.374		15.512		0.000		0.000		0.000		112.617		3759.663		2471.463
S TOT		0.000		513.489		279.545		0.000		0.000		0.000		3759.663		3759.663		2471.463
AFTER		0.000		194.115		424.752		0.000		0.000		0.000		1086.025		4845.688		2611.813
TOTAL		0.000		707.604		704.297		0.000		0.000		0.000		4845.688		4845.688		2611.813

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		555.159		345.647
GROSS CUM., MB & MMF		22.640		20.666
GROSS RES., MB & MMF		532.519		324.981
NET RES., MB & MMF		74.643		45.552
NET REVENUE, M$		6109.510		148.078
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.017		14.017

		P.W. %		P.W., M$
LIFE, YRS.	45.92		5.00		3346.906
DISCOUNT %	10.00		10.00		2611.813
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		2415.274
DISCOUNTED PAYOUT, YRS.	0.00		15.00		2181.767
UNDISCOUNTED NET/INVEST.	0.00		18.00		1999.880
DISCOUNTED NET/INVEST.	0.00		20.00		1899.302
RATE-OF-RETURN, PCT.	100.00		30.00		1548.161
INITIAL W.I., PCT.	17.545		60.00		1086.548
			80.00		941.816
			100.00		845.577

BORDER FARMS 3130-6TFH	DATE	:	03/18/2013
163N 99W 31	TIME	:	13:54:13
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		44.733		47.701		6.270		6.686		81.850		2.361		513.212		15.784		528.996
12-2014		29.093		29.679		4.078		4.160		81.850		3.500		333.774		14.560		348.334
12-2015		23.308		22.770		3.267		3.192		81.850		3.500		267.411		11.171		278.581
12-2016		20.017		18.730		2.806		2.625		81.850		3.500		229.657		9.189		238.846
12-2017		17.820		15.971		2.498		2.239		81.850		3.500		204.448		7.835		212.284
12-2018		16.219		13.924		2.273		1.952		81.850		3.500		186.074		6.831		192.905
12-2019		14.982		12.321		2.100		1.727		81.850		3.500		171.885		6.044		177.929
12-2020		13.929		10.973		1.952		1.538		81.850		3.500		159.806		5.383		165.190
12-2021		12.954		9.776		1.816		1.370		81.850		3.500		148.620		4.796		153.416
12-2022		12.047		8.709		1.689		1.221		81.850		3.500		138.216		4.273		142.489
12-2023		11.204		7.759		1.570		1.088		81.850		3.500		128.541		3.807		132.348
12-2024		10.420		6.913		1.461		0.969		81.850		3.500		119.543		3.391		122.935
12-2025		9.690		6.158		1.358		0.863		81.850		3.500		111.175		3.021		114.197
12-2026		9.012		5.486		1.263		0.769		81.850		3.500		103.393		2.692		106.085
12-2027		8.381		4.888		1.175		0.685		81.850		3.500		96.155		2.398		98.553
S TOT		253.809		221.758		35.576		31.084		81.850		3.255		2911.911		101.176		3013.086
AFTER		93.956		37.835		13.170		5.303		81.850		3.500		1077.946		18.561		1096.508
TOTAL		347.765		259.593		48.746		36.387		81.850		3.291		3989.857		119.737		4109.595

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		59.755		23.071		0.000		0.000		0.000		446.171		446.171		427.600
12-2014		0.000		38.842		19.421		0.000		0.000		0.000		290.072		736.242		679.699
12-2015		0.000		31.103		18.071		0.000		0.000		0.000		229.407		965.649		860.805
12-2016		0.000		26.699		17.303		0.000		0.000		0.000		194.843		1160.492		1000.589
12-2017		0.000		23.758		16.791		0.000		0.000		0.000		171.735		1332.227		1112.569
12-2018		0.000		21.613		16.417		0.000		0.000		0.000		154.875		1487.102		1204.362
12-2019		0.000		19.957		16.128		0.000		0.000		0.000		141.844		1628.946		1280.781
12-2020		0.000		18.547		15.883		0.000		0.000		0.000		130.760		1759.706		1344.824
12-2021		0.000		17.242		15.655		0.000		0.000		0.000		120.519		1880.225		1398.485
12-2022		0.000		16.029		15.444		0.000		0.000		0.000		111.016		1991.241		1443.422
12-2023		0.000		14.902		15.247		0.000		0.000		0.000		102.199		2093.440		1481.029
12-2024		0.000		13.854		15.064		0.000		0.000		0.000		94.017		2187.457		1512.480
12-2025		0.000		12.880		14.894		0.000		0.000		0.000		86.423		2273.880		1538.763
12-2026		0.000		11.975		14.735		0.000		0.000		0.000		79.375		2353.254		1560.708
12-2027		0.000		11.133		14.588		0.000		0.000		0.000		72.832		2426.087		1579.014
S TOT		0.000		338.289		248.711		0.000		0.000		0.000		2426.087		2426.087		1579.014
AFTER		0.000		124.547		345.102		0.000		0.000		0.000		626.859		3052.946		1665.279
TOTAL		0.000		462.836		593.813		0.000		0.000		0.000		3052.946		3052.946		1665.279

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		372.734		282.613
GROSS CUM., MB & MMF		24.969		23.020
GROSS RES., MB & MMF		347.765		259.593
NET RES., MB & MMF		48.746		36.387
NET REVENUE, M$		3989.857		119.737
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.017		14.017

		P.W. %		P.W., M$
LIFE, YRS.	40.58		5.00		2134.009
DISCOUNT %	10.00		10.00		1665.280
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		1538.172
DISCOUNTED PAYOUT, YRS.	0.00		15.00		1386.367
UNDISCOUNTED NET/INVEST.	0.00		18.00		1267.640
DISCOUNTED NET/INVEST.	0.00		20.00		1201.848
RATE-OF-RETURN, PCT.	100.00		30.00		971.719
INITIAL W.I., PCT.	17.545		60.00		669.621
			80.00		575.492
			100.00		513.198

CAMINO 5-8-163-98H	DATE	:	03/18/2013
163N 98W 5	TIME	:	13:54:13
BAKKEN	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		19.753		20.046		0.197		0.200		81.850		2.403		16.104		0.480		16.584
12-2014		13.515		13.062		0.135		0.130		81.850		3.500		11.018		0.455		11.474
12-2015		10.966		10.102		0.109		0.101		81.850		3.500		8.941		0.352		9.293
12-2016		9.474		8.320		0.094		0.083		81.850		3.500		7.724		0.290		8.014
12-2017		8.464		7.086		0.084		0.071		81.850		3.500		6.901		0.247		7.148
12-2018		7.721		6.162		0.077		0.061		81.850		3.500		6.295		0.215		6.510
12-2019		7.143		5.435		0.071		0.054		81.850		3.500		5.823		0.189		6.013
12-2020		6.642		4.819		0.066		0.048		81.850		3.500		5.415		0.168		5.583
12-2021		6.177		4.273		0.062		0.043		81.850		3.500		5.036		0.149		5.185
12-2022		5.744		3.789		0.057		0.038		81.850		3.500		4.683		0.132		4.815
12-2023		5.342		3.359		0.053		0.033		81.850		3.500		4.356		0.117		4.473
12-2024		4.968		2.979		0.049		0.030		81.850		3.500		4.051		0.104		4.154
12-2025		4.621		2.641		0.046		0.026		81.850		3.500		3.767		0.092		3.859
12-2026		4.297		2.342		0.043		0.023		81.850		3.500		3.503		0.082		3.585
12-2027		3.996		2.077		0.040		0.021		81.850		3.500		3.258		0.072		3.331
S TOT		118.823		96.491		1.184		0.961		81.850		3.272		96.874		3.145		100.019
AFTER		33.988		13.264		0.339		0.132		81.850		3.500		27.710		0.462		28.172
TOTAL		152.811		109.755		1.522		1.093		81.850		3.300		124.584		3.607		128.191

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		1.874		2.479		0.000		0.000		0.000		12.231		12.231		11.715
12-2014		0.000		1.281		2.038		0.000		0.000		0.000		8.154		20.385		18.802
12-2015		0.000		1.039		1.830		0.000		0.000		0.000		6.424		26.809		23.873
12-2016		0.000		0.897		1.702		0.000		0.000		0.000		5.415		32.224		27.759
12-2017		0.000		0.801		1.614		0.000		0.000		0.000		4.733		36.957		30.845
12-2018		0.000		0.731		1.548		0.000		0.000		0.000		4.231		41.188		33.353
12-2019		0.000		0.676		1.497		0.000		0.000		0.000		3.840		45.028		35.422
12-2020		0.000		0.628		1.454		0.000		0.000		0.000		3.501		48.528		37.136
12-2021		0.000		0.584		1.415		0.000		0.000		0.000		3.186		51.714		38.555
12-2022		0.000		0.543		1.379		0.000		0.000		0.000		2.894		54.608		39.726
12-2023		0.000		0.505		1.345		0.000		0.000		0.000		2.623		57.231		40.692
12-2024		0.000		0.469		1.314		0.000		0.000		0.000		2.372		59.602		41.485
12-2025		0.000		0.436		1.285		0.000		0.000		0.000		2.139		61.741		42.136
12-2026		0.000		0.405		1.257		0.000		0.000		0.000		1.922		63.663		42.667
12-2027		0.000		0.377		1.232		0.000		0.000		0.000		1.721		65.385		43.100
S TOT		0.000		11.246		23.388		0.000		0.000		0.000		65.385		65.385		43.100
AFTER		0.000		3.201		15.480		0.000		0.000		0.000		9.491		74.876		44.680
TOTAL		0.000		14.447		38.868		0.000		0.000		0.000		74.876		74.876		44.680

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		166.237		122.723
GROSS CUM., MB & MMF		13.426		12.968
GROSS RES., MB & MMF		152.811		109.755
NET RES., MB & MMF		1.522		1.093
NET REVENUE, M$		124.584		3.607
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.996		0.996

		P.W. %		P.W., M$
LIFE, YRS.	29.08		5.00		55.688
DISCOUNT %	10.00		10.00		44.680
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		41.535
DISCOUNTED PAYOUT, YRS.	0.00		15.00		37.690
UNDISCOUNTED NET/INVEST.	0.00		18.00		34.620
DISCOUNTED NET/INVEST.	0.00		20.00		32.895
RATE-OF-RETURN, PCT.	100.00		30.00		26.750
INITIAL W.I., PCT.	1.245		60.00		18.478
			80.00		15.868
			100.00		14.136

CHRISTIANSON 15-12-163-99H	DATE	:	03/18/2013
163N 101W 12	TIME	:	13:54:13
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		50.554		33.915		6.720		4.509		81.850		2.350		550.057		10.595		560.651
12-2014		33.758		22.586		2.050		1.372		81.850		3.500		167.779		4.801		172.580
12-2015		26.384		17.605		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2016		22.064		14.683		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2017		19.169		12.723		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2018		17.071		11.300		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2019		15.466		10.210		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2020		14.193		9.345		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2021		13.150		8.635		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2022		12.228		8.008		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2023		11.372		7.428		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2024		10.576		6.890		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2025		9.836		6.390		1.376		0.893		81.850		3.500		112.639		3.127		115.766
12-2026		9.147		5.927		2.607		1.689		81.850		3.500		213.379		5.912		219.291
12-2027		8.507		5.498		2.424		1.567		81.850		3.500		198.443		5.484		203.926
S TOT		273.474		181.142		15.178		10.030		81.850		2.983		1242.296		29.919		1272.215
AFTER		96.098		60.533		27.388		17.252		81.850		3.500		2241.700		60.382		2302.082
TOTAL		369.572		241.675		42.566		27.282		81.850		3.310		3483.996		90.301		3574.296

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		63.752		41.461		0.000		0.000		0.000		455.438		455.438		437.701
12-2014		0.000		19.445		36.093		0.000		0.000		0.000		117.042		572.480		540.434
12-2015		0.000		0.000		33.780		0.000		0.000		0.000		-33.780		538.699		513.795
12-2016		0.000		0.000		32.435		0.000		0.000		0.000		-32.435		506.264		490.545
12-2017		0.000		0.000		31.538		0.000		0.000		0.000		-31.538		474.727		469.995
12-2018		0.000		0.000		30.888		0.000		0.000		0.000		-30.888		443.838		451.699
12-2019		0.000		0.000		30.393		0.000		0.000		0.000		-30.393		413.445		435.334
12-2020		0.000		0.000		30.000		0.000		0.000		0.000		-30.000		383.445		420.648
12-2021		0.000		0.000		29.679		0.000		0.000		0.000		-29.679		353.766		407.441
12-2022		0.000		0.000		29.396		0.000		0.000		0.000		-29.396		324.370		395.549
12-2023		0.000		0.000		29.134		0.000		0.000		0.000		-29.134		295.236		384.835
12-2024		0.000		0.000		28.890		0.000		0.000		0.000		-28.890		266.346		375.176
12-2025		0.000		13.052		28.663		0.000		0.000		0.000		74.052		340.398		396.942
12-2026		0.000		24.724		28.452		0.000		0.000		0.000		166.116		506.514		442.868
12-2027		0.000		22.993		28.255		0.000		0.000		0.000		152.678		659.192		481.242
S TOT		0.000		143.967		469.056		0.000		0.000		0.000		659.192		659.192		481.242
AFTER		0.000		259.693		700.550		0.000		0.000		0.000		1341.838		2001.029		664.165
TOTAL		0.000		403.660		1169.606		0.000		0.000		0.000		2001.030		2001.029		664.165

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		430.674		278.411
GROSS CUM., MB & MMF		61.102		36.736
GROSS RES., MB & MMF		369.572		241.675
NET RES., MB & MMF		42.566		27.282
NET REVENUE, M$		3483.996		90.301
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.250		14.250

		P.W. %		P.W., M$
LIFE, YRS.	41.17		5.00		1005.672
DISCOUNT %	10.00		10.00		664.165
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		597.617
DISCOUNTED PAYOUT, YRS.	0.00		15.00		534.140
UNDISCOUNTED NET/INVEST.	0.00		18.00		496.630
DISCOUNTED NET/INVEST.	0.00		20.00		480.227
RATE-OF-RETURN, PCT.	100.00		30.00		443.328
INITIAL W.I., PCT.	35.620		60.00		412.723
			80.00		395.878
			100.00		380.074

CODY 15-11 163-99H	DATE	:	03/18/2013
163N 101W 11	TIME	:	13:54:13
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		55.685		36.006		7.516		4.860		81.850		2.351		615.216		11.428		626.644
12-2014		37.223		24.067		2.295		1.484		81.850		3.500		187.851		5.194		193.045
12-2015		29.103		18.816		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2016		24.342		15.737		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2017		21.151		13.673		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2018		18.837		12.176		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2019		17.068		11.032		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2020		15.663		10.123		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2021		14.516		9.381		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2022		13.559		8.762		3.924		2.536		81.850		3.500		321.166		8.875		330.041
12-2023		12.745		8.236		3.688		2.383		81.850		3.500		301.890		8.342		310.232
12-2024		12.043		7.782		3.485		2.252		81.850		3.500		285.270		7.882		293.152
12-2025		11.431		7.386		3.308		2.137		81.850		3.500		270.764		7.481		278.245
12-2026		10.891		7.036		3.152		2.036		81.850		3.500		257.973		7.127		265.100
12-2027		10.410		6.725		3.013		1.946		81.850		3.500		246.592		6.812		253.405
S TOT		304.667		196.939		30.381		19.635		81.850		3.216		2486.722		63.141		2549.864
AFTER		229.787		148.308		66.501		42.920		81.850		3.500		5443.066		150.221		5593.288
TOTAL		534.455		345.247		96.882		62.556		81.850		3.411		7929.789		213.362		8143.152

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		71.284		51.994		0.000		0.000		0.000		503.366		503.366		483.780
12-2014		0.000		21.766		43.959		0.000		0.000		0.000		127.320		630.686		595.563
12-2015		0.000		0.000		40.266		0.000		0.000		0.000		-40.266		590.420		563.805
12-2016		0.000		0.000		38.056		0.000		0.000		0.000		-38.056		552.363		536.523
12-2017		0.000		0.000		36.557		0.000		0.000		0.000		-36.557		515.807		512.701
12-2018		0.000		0.000		35.459		0.000		0.000		0.000		-35.459		480.348		491.696
12-2019		0.000		0.000		34.614		0.000		0.000		0.000		-34.614		445.734		473.056
12-2020		0.000		0.000		33.939		0.000		0.000		0.000		-33.939		411.794		456.442
12-2021		0.000		0.000		33.376		0.000		0.000		0.000		-33.376		378.418		441.589
12-2022		0.000		37.213		32.864		0.000		0.000		0.000		259.964		638.382		546.807
12-2023		0.000		34.980		32.387		0.000		0.000		0.000		242.866		881.248		636.164
12-2024		0.000		33.054		31.943		0.000		0.000		0.000		228.155		1109.404		712.474
12-2025		0.000		31.373		31.530		0.000		0.000		0.000		215.342		1324.745		777.949
12-2026		0.000		29.891		31.147		0.000		0.000		0.000		204.062		1528.807		834.352
12-2027		0.000		28.572		30.790		0.000		0.000		0.000		194.042		1722.849		883.109
S TOT		0.000		288.133		538.881		0.000		0.000		0.000		1722.849		1722.849		883.109
AFTER		0.000		630.674		969.748		0.000		0.000		0.000		3992.865		5715.715		1225.356
TOTAL		0.000		918.807		1508.630		0.000		0.000		0.000		5715.715		5715.715		1225.356

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		587.062		378.122
GROSS CUM., MB & MMF		52.608		32.875
GROSS RES., MB & MMF		534.455		345.247
NET RES., MB & MMF		96.882		62.556
NET REVENUE, M$		7929.789		213.362
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		13.487		14.470

		P.W. %		P.W., M$
LIFE, YRS.	50.00		5.00		2215.987
DISCOUNT %	10.00		10.00		1225.356
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		1036.911
DISCOUNTED PAYOUT, YRS.	0.00		15.00		852.516
UNDISCOUNTED NET/INVEST.	0.00		18.00		737.367
DISCOUNTED NET/INVEST.	0.00		20.00		683.921
RATE-OF-RETURN, PCT.	100.00		30.00		549.409
INITIAL W.I., PCT.	36.180		60.00		460.613
			80.00		437.716
			100.00		419.314

COPLAN 1-3 163-101H	DATE	:	03/18/2013
163N 101W 3	TIME	:	13:54:13
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		47.734		28.341		3.596		2.135		81.850		2.352		294.347		5.023		299.370
12-2014		31.976		18.983		1.095		0.650		81.850		3.500		89.657		2.276		91.933
12-2015		25.020		14.851		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2016		20.935		12.425		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2017		18.195		10.798		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2018		16.207		9.617		0.630		0.374		81.850		3.500		51.540		1.308		52.848
12-2019		14.686		8.713		2.375		1.409		81.850		3.500		194.375		4.931		199.306
12-2020		13.479		7.996		2.180		1.293		81.850		3.500		178.395		4.525		182.921
12-2021		12.493		7.410		2.020		1.198		81.850		3.500		165.343		4.194		169.537
12-2022		11.669		6.921		1.887		1.119		81.850		3.500		154.445		3.917		158.362
12-2023		10.959		6.499		1.772		1.051		81.850		3.500		145.042		3.678		148.719
12-2024		10.301		6.108		1.666		0.988		81.850		3.500		136.339		3.457		139.796
12-2025		9.683		5.741		1.566		0.928		81.850		3.500		128.159		3.249		131.408
12-2026		9.102		5.396		1.472		0.872		81.850		3.500		120.469		3.054		123.523
12-2027		8.556		5.071		1.384		0.820		81.850		3.500		113.241		2.870		116.111
S TOT		260.996		154.870		21.641		12.838		81.850		3.309		1771.352		42.481		1813.833
AFTER		104.609		61.930		16.915		10.014		81.850		3.500		1384.515		35.049		1419.564
TOTAL		365.605		216.800		38.557		22.852		81.850		3.393		3155.867		77.531		3233.398

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		34.085		27.816		0.000		0.000		0.000		237.469		237.469		228.248
12-2014		0.000		10.382		23.737		0.000		0.000		0.000		57.814		295.283		279.037
12-2015		0.000		0.000		22.029		0.000		0.000		0.000		-22.029		273.254		261.664
12-2016		0.000		0.000		21.022		0.000		0.000		0.000		-21.022		252.232		246.595
12-2017		0.000		0.000		20.337		0.000		0.000		0.000		-20.337		231.895		233.343
12-2018		0.000		5.968		19.832		0.000		0.000		0.000		27.047		258.942		248.376
12-2019		0.000		22.508		19.438		0.000		0.000		0.000		157.360		416.302		333.167
12-2020		0.000		20.658		19.096		0.000		0.000		0.000		143.168		559.470		403.291
12-2021		0.000		19.146		18.777		0.000		0.000		0.000		131.614		691.084		461.891
12-2022		0.000		17.884		18.481		0.000		0.000		0.000		121.996		813.080		511.269
12-2023		0.000		16.795		18.206		0.000		0.000		0.000		113.718		926.798		553.110
12-2024		0.000		15.788		17.950		0.000		0.000		0.000		106.059		1032.857		588.586
12-2025		0.000		14.840		17.712		0.000		0.000		0.000		98.856		1131.713		618.647
12-2026		0.000		13.950		17.490		0.000		0.000		0.000		92.083		1223.795		644.102
12-2027		0.000		13.113		17.284		0.000		0.000		0.000		85.714		1309.510		665.643
S TOT		0.000		205.118		299.206		0.000		0.000		0.000		1309.510		1309.510		665.643
AFTER		0.000		160.321		386.629		0.000		0.000		0.000		872.615		2182.125		777.766
TOTAL		0.000		365.438		685.835		0.000		0.000		0.000		2182.124		2182.125		777.766

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		404.714		240.409
GROSS CUM., MB & MMF		39.109		23.609
GROSS RES., MB & MMF		365.605		216.800
NET RES., MB & MMF		38.557		22.852
NET REVENUE, M$		3155.867		77.531
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		8.080		8.080

		P.W. %		P.W., M$
LIFE, YRS.	39.50		5.00		1198.553
DISCOUNT %	10.00		10.00		777.766
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		677.396
DISCOUNTED PAYOUT, YRS.	0.00		15.00		567.091
UNDISCOUNTED NET/INVEST.	0.00		18.00		489.043
DISCOUNTED NET/INVEST.	0.00		20.00		449.238
RATE-OF-RETURN, PCT.	100.00		30.00		331.731
INITIAL W.I., PCT.	20.205		60.00		232.797
			80.00		212.542
			100.00		200.168

DENALI 13-21	DATE	:	03/18/2013
163N 98W 13	TIME	:	13:54:13
BAKKEN	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		9.797		4.034		0.002		0.001		81.850		2.418		0.200		0.002		0.202
12-2014		6.814		2.683		0.002		0.001		81.850		3.500		0.139		0.002		0.141
12-2015		5.554		2.092		0.001		0.001		81.850		3.500		0.113		0.002		0.115
12-2016		4.810		1.734		0.001		0.000		81.850		3.500		0.098		0.002		0.100
12-2017		4.302		1.484		0.001		0.000		81.850		3.500		0.088		0.001		0.089
12-2018		3.928		1.297		0.001		0.000		81.850		3.500		0.080		0.001		0.081
12-2019		3.636		1.149		0.001		0.000		81.850		3.500		0.074		0.001		0.075
12-2020		3.381		1.023		0.001		0.000		81.850		3.500		0.069		0.001		0.070
12-2021		3.144		0.910		0.001		0.000		81.850		3.500		0.064		0.001		0.065
12-2022		2.924		0.810		0.001		0.000		81.850		3.500		0.060		0.001		0.060
12-2023		2.719		0.721		0.001		0.000		81.850		3.500		0.055		0.001		0.056
12-2024		2.529		0.642		0.001		0.000		81.850		3.500		0.052		0.001		0.052
12-2025		2.352		0.571		0.001		0.000		81.850		3.500		0.048		0.000		0.048
12-2026		2.187		0.509		0.001		0.000		81.850		3.500		0.045		0.000		0.045
12-2027		2.034		0.453		0.001		0.000		81.850		3.500		0.041		0.000		0.042
S TOT		60.112		20.111		0.015		0.005		81.850		3.283		1.225		0.016		1.242
AFTER		9.221		1.789		0.002		0.000		81.850		3.500		0.188		0.002		0.189
TOTAL		69.333		21.900		0.017		0.005		81.850		3.301		1.413		0.018		1.431

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.023		0.030		0.000		0.000		0.000		0.149		0.149		0.143
12-2014		0.000		0.016		0.028		0.000		0.000		0.000		0.097		0.246		0.227
12-2015		0.000		0.013		0.027		0.000		0.000		0.000		0.075		0.321		0.287
12-2016		0.000		0.011		0.026		0.000		0.000		0.000		0.062		0.384		0.331
12-2017		0.000		0.010		0.026		0.000		0.000		0.000		0.053		0.437		0.366
12-2018		0.000		0.009		0.025		0.000		0.000		0.000		0.047		0.483		0.394
12-2019		0.000		0.009		0.025		0.000		0.000		0.000		0.041		0.525		0.416
12-2020		0.000		0.008		0.025		0.000		0.000		0.000		0.037		0.562		0.434
12-2021		0.000		0.007		0.025		0.000		0.000		0.000		0.033		0.594		0.448
12-2022		0.000		0.007		0.025		0.000		0.000		0.000		0.029		0.623		0.460
12-2023		0.000		0.006		0.024		0.000		0.000		0.000		0.025		0.648		0.469
12-2024		0.000		0.006		0.024		0.000		0.000		0.000		0.022		0.670		0.477
12-2025		0.000		0.006		0.024		0.000		0.000		0.000		0.019		0.689		0.482
12-2026		0.000		0.005		0.024		0.000		0.000		0.000		0.016		0.704		0.487
12-2027		0.000		0.005		0.024		0.000		0.000		0.000		0.013		0.718		0.490
S TOT		0.000		0.141		0.383		0.000		0.000		0.000		0.718		0.718		0.490
AFTER		0.000		0.022		0.136		0.000		0.000		0.000		0.032		0.749		0.496
TOTAL		0.000		0.163		0.519		0.000		0.000		0.000		0.749		0.749		0.496

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		88.830		35.775
GROSS CUM., MB & MMF		19.497		13.875
GROSS RES., MB & MMF		69.333		21.900
NET RES., MB & MMF		0.017		0.005
NET REVENUE, M$		1.413		0.018
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.025		0.025

		P.W. %		P.W., M$
LIFE, YRS.	20.75		5.00		0.595
DISCOUNT %	10.00		10.00		0.496
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		0.466
DISCOUNTED PAYOUT, YRS.	0.00		15.00		0.429
UNDISCOUNTED NET/INVEST.	0.00		18.00		0.397
DISCOUNTED NET/INVEST.	0.00		20.00		0.380
RATE-OF-RETURN, PCT.	100.00		30.00		0.314
INITIAL W.I., PCT.	0.031		60.00		0.221
			80.00		0.191
			100.00		0.170

ELIZABETH 3-4N	DATE	:	03/18/2013
163N 101W 4	TIME	:	13:54:13
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		60.972		30.851		10.222		5.178		81.850		2.262		836.675		11.711		848.386
12-2014		38.600		18.798		2.997		1.464		81.850		3.500		245.304		5.123		250.427
12-2015		30.744		14.424		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2016		26.333		11.905		2.086		0.930		81.850		3.500		170.766		3.254		174.020
12-2017		23.406		10.197		7.792		3.394		81.850		3.500		637.774		11.881		649.654
12-2018		21.281		8.934		7.085		2.974		81.850		3.500		579.872		10.409		590.282
12-2019		19.646		7.948		6.540		2.646		81.850		3.500		535.299		9.260		544.559
12-2020		18.263		7.120		6.080		2.370		81.850		3.500		497.629		8.296		505.925
12-2021		16.985		6.381		5.654		2.124		81.850		3.500		462.795		7.435		470.230
12-2022		15.796		5.719		5.258		1.904		81.850		3.500		430.399		6.664		437.063
12-2023		14.690		5.126		4.890		1.706		81.850		3.500		400.271		5.972		406.244
12-2024		13.662		4.594		4.548		1.529		81.850		3.500		372.252		5.353		377.605
12-2025		12.705		4.117		4.230		1.371		81.850		3.500		346.195		4.797		350.992
12-2026		11.816		3.690		3.934		1.228		81.850		3.500		321.961		4.300		326.261
12-2027		10.989		3.307		3.658		1.101		81.850		3.500		299.424		3.854		303.277
S TOT		335.888		143.113		74.974		29.921		81.850		3.286		6136.618		98.309		6234.928
AFTER		128.518		27.410		42.784		9.125		81.850		3.500		3501.850		31.937		3533.786
TOTAL		464.406		170.523		117.758		39.045		81.850		3.336		9638.468		130.246		9768.714

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		96.787		70.922		0.000		0.000		0.000		680.676		680.676		655.002
12-2014		0.000		28.371		54.275		0.000		0.000		0.000		167.782		848.458		802.258
12-2015		0.000		0.000		48.323		0.000		0.000		0.000		-48.323		800.135		764.140
12-2016		0.000		19.740		45.070		0.000		0.000		0.000		109.210		909.344		838.473
12-2017		0.000		73.717		42.969		0.000		0.000		0.000		532.968		1442.312		1185.990
12-2018		0.000		67.012		41.480		0.000		0.000		0.000		481.789		1924.102		1471.536
12-2019		0.000		61.850		40.359		0.000		0.000		0.000		442.349		2366.451		1709.849
12-2020		0.000		57.488		39.480		0.000		0.000		0.000		408.957		2775.408		1910.141
12-2021		0.000		53.455		38.768		0.000		0.000		0.000		378.007		3153.415		2078.446
12-2022		0.000		49.705		38.159		0.000		0.000		0.000		349.199		3502.614		2219.790
12-2023		0.000		46.219		37.596		0.000		0.000		0.000		322.429		3825.043		2338.435
12-2024		0.000		42.977		37.073		0.000		0.000		0.000		297.555		4122.598		2437.973
12-2025		0.000		39.963		36.587		0.000		0.000		0.000		274.442		4397.040		2521.434
12-2026		0.000		37.161		36.135		0.000		0.000		0.000		252.966		4650.005		2591.371	��
12-2027		0.000		34.555		35.714		0.000		0.000		0.000		233.009		4883.014		2649.934
S TOT		0.000		709.002		642.911		0.000		0.000		0.000		4883.014		4883.014		2649.934
AFTER		0.000		403.716		946.516		0.000		0.000		0.000		2183.554		7066.568		2937.050
TOTAL		0.000		1112.719		1589.428		0.000		0.000		0.000		7066.567		7066.568		2937.050

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		491.030		186.892
GROSS CUM., MB & MMF		26.624		16.369
GROSS RES., MB & MMF		464.406		170.523
NET RES., MB & MMF		117.758		39.045
NET REVENUE, M$		9638.468		130.246
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		17.880		17.880

		P.W. %		P.W., M$
LIFE, YRS.	44.25		5.00		4249.374
DISCOUNT %	10.00		10.00		2937.050
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		2603.088
DISCOUNTED PAYOUT, YRS.	0.00		15.00		2220.429
UNDISCOUNTED NET/INVEST.	0.00		18.00		1935.817
DISCOUNTED NET/INVEST.	0.00		20.00		1784.598
RATE-OF-RETURN, PCT.	100.00		30.00		1300.717
INITIAL W.I., PCT.	41.840		60.00		808.083
			80.00		694.858
			100.00		629.777

GERHARDSEN 1-10H S3-10	DATE	:	03/18/2013
160N 97W 10	TIME	:	13:54:13
BAKKEN	DBS	:	MHA
CONTINENTAL RESOURCES IN	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		23.304		51.293		0.442		0.972		81.850		2.508		36.151		2.438		38.590
12-2014		18.517		38.978		0.351		0.739		81.850		3.500		28.725		2.586		31.310
12-2015		15.843		31.902		0.300		0.605		81.850		3.500		24.576		2.116		26.693
12-2016		14.073		27.111		0.267		0.514		81.850		3.500		21.831		1.798		23.630
12-2017		12.790		23.573		0.242		0.447		81.850		3.500		19.841		1.564		21.405
12-2018		11.804		20.814		0.224		0.394		81.850		3.500		18.311		1.381		19.692
12-2019		10.973		18.512		0.208		0.351		81.850		3.500		17.022		1.228		18.250
12-2020		10.205		16.472		0.193		0.312		81.850		3.500		15.830		1.093		16.923
12-2021		9.491		14.657		0.180		0.278		81.850		3.500		14.722		0.972		15.695
12-2022		8.826		13.042		0.167		0.247		81.850		3.500		13.692		0.865		14.557
12-2023		8.208		11.605		0.156		0.220		81.850		3.500		12.733		0.770		13.503
12-2024		7.634		10.326		0.145		0.196		81.850		3.500		11.842		0.685		12.527
12-2025		7.099		9.188		0.135		0.174		81.850		3.500		11.013		0.609		11.623
12-2026		6.602		8.176		0.125		0.155		81.850		3.500		10.242		0.542		10.784
12-2027		6.140		7.275		0.116		0.138		81.850		3.500		9.525		0.483		10.008
S TOT		171.511		302.926		3.251		5.741		81.850		3.332		266.059		19.130		285.189
AFTER		64.336		53.921		1.219		1.022		81.850		3.500		99.803		3.577		103.380
TOTAL		235.847		356.847		4.470		6.763		81.850		3.357		365.862		22.707		388.569

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		4.264		2.883		0.000		0.000		0.000		31.442		31.442		30.031
12-2014		0.000		3.385		2.558		0.000		0.000		0.000		25.367		56.809		52.061
12-2015		0.000		2.893		2.394		0.000		0.000		0.000		21.406		78.216		68.955
12-2016		0.000		2.567		2.291		0.000		0.000		0.000		18.772		96.988		82.420
12-2017		0.000		2.331		2.219		0.000		0.000		0.000		16.855		113.842		93.409
12-2018		0.000		2.149		2.167		0.000		0.000		0.000		15.376		129.219		102.521
12-2019		0.000		1.996		2.126		0.000		0.000		0.000		14.128		143.347		110.133
12-2020		0.000		1.855		2.093		0.000		0.000		0.000		12.976		156.323		116.489
12-2021		0.000		1.724		2.065		0.000		0.000		0.000		11.906		168.229		121.790
12-2022		0.000		1.602		2.040		0.000		0.000		0.000		10.915		179.144		126.209
12-2023		0.000		1.489		2.016		0.000		0.000		0.000		9.998		189.142		129.888
12-2024		0.000		1.383		1.995		0.000		0.000		0.000		9.149		198.291		132.949
12-2025		0.000		1.286		1.974		0.000		0.000		0.000		8.362		206.654		135.492
12-2026		0.000		1.195		1.956		0.000		0.000		0.000		7.634		214.288		137.603
12-2027		0.000		1.111		1.938		0.000		0.000		0.000		6.959		221.247		139.352
S TOT		0.000		31.228		32.714		0.000		0.000		0.000		221.247		221.247		139.352
AFTER		0.000		11.590		38.966		0.000		0.000		0.000		52.824		274.071		147.077
TOTAL		0.000		42.818		71.680		0.000		0.000		0.000		274.071		274.071		147.077

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		320.626		513.543
GROSS CUM., MB & MMF		84.779		156.696
GROSS RES., MB & MMF		235.847		356.847
NET RES., MB & MMF		4.470		6.763
NET REVENUE, M$		365.862		22.707
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		1.895		1.895

		P.W. %		P.W., M$
LIFE, YRS.	36.42		5.00		190.923
DISCOUNT %	10.00		10.00		147.077
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		135.051
DISCOUNTED PAYOUT, YRS.	0.00		15.00		120.640
UNDISCOUNTED NET/INVEST.	0.00		18.00		109.351
DISCOUNTED NET/INVEST.	0.00		20.00		103.096
RATE-OF-RETURN, PCT.	100.00		30.00		81.290
INITIAL W.I., PCT.	2.369		60.00		53.191
			80.00		44.681
			100.00		39.149

GULBRANSON 1-1H	DATE	:	03/18/2013
163N 100W 1	TIME	:	13:54:13
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		21.607		29.942		1.948		2.699		81.850		2.530		159.441		6.829		166.270
12-2014		17.913		23.624		1.615		2.130		81.850		3.500		132.181		7.454		139.635
12-2015		15.642		19.635		1.410		1.770		81.850		3.500		115.425		6.196		121.620
12-2016		14.064		16.805		1.268		1.515		81.850		3.500		103.778		5.303		109.081
12-2017		12.884		14.655		1.162		1.321		81.850		3.500		95.075		4.624		99.700
12-2018		11.948		12.937		1.077		1.166		81.850		3.500		88.163		4.082		92.245
12-2019		11.111		11.453		1.002		1.033		81.850		3.500		81.991		3.614		85.605
12-2020		10.333		10.140		0.932		0.914		81.850		3.500		76.252		3.200		79.451
12-2021		9.610		8.977		0.866		0.809		81.850		3.500		70.914		2.833		73.747
12-2022		8.937		7.948		0.806		0.717		81.850		3.500		65.950		2.508		68.458
12-2023		8.312		7.036		0.749		0.634		81.850		3.500		61.334		2.220		63.554
12-2024		7.730		6.229		0.697		0.562		81.850		3.500		57.040		1.966		59.006
12-2025		7.189		5.515		0.648		0.497		81.850		3.500		53.048		1.740		54.788
12-2026		6.686		4.883		0.603		0.440		81.850		3.500		49.334		1.541		50.875
12-2027		6.218		4.323		0.561		0.390		81.850		3.500		45.881		1.364		47.245
S TOT		170.183		184.102		15.343		16.598		81.850		3.342		1255.807		55.473		1311.281
AFTER		65.252		30.943		5.883		2.790		81.850		3.500		481.504		9.764		491.267
TOTAL		235.434		215.045		21.226		19.387		81.850		3.365		1737.311		65.237		1802.548

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		18.633		10.792		0.000		0.000		0.000		136.845		136.845		130.690
12-2014		0.000		15.435		10.368		0.000		0.000		0.000		113.832		250.678		229.527
12-2015		0.000		13.469		10.101		0.000		0.000		0.000		98.051		348.729		306.899
12-2016		0.000		12.101		9.913		0.000		0.000		0.000		87.067		435.796		369.346
12-2017		0.000		11.079		9.771		0.000		0.000		0.000		78.850		514.645		420.751
12-2018		0.000		10.267		9.657		0.000		0.000		0.000		72.321		586.966		463.611
12-2019		0.000		9.543		9.554		0.000		0.000		0.000		66.509		653.475		499.444
12-2020		0.000		8.870		9.458		0.000		0.000		0.000		61.124		714.599		529.381
12-2021		0.000		8.244		9.369		0.000		0.000		0.000		56.134		770.732		554.376
12-2022		0.000		7.663		9.286		0.000		0.000		0.000		51.509		822.241		575.226
12-2023		0.000		7.123		9.209		0.000		0.000		0.000		47.222		869.463		592.603
12-2024		0.000		6.621		9.137		0.000		0.000		0.000		43.247		912.710		607.071
12-2025		0.000		6.155		9.071		0.000		0.000		0.000		39.562		952.272		619.103
12-2026		0.000		5.722		9.009		0.000		0.000		0.000		36.145		988.417		629.097
12-2027		0.000		5.319		8.951		0.000		0.000		0.000		32.975		1021.392		637.385
S TOT		0.000		146.244		143.645		0.000		0.000		0.000		1021.392		1021.392		637.385
AFTER		0.000		55.680		184.009		0.000		0.000		0.000		251.579		1272.970		674.122
TOTAL		0.000		201.923		327.654		0.000		0.000		0.000		1272.970		1272.970		674.122

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		344.813		284.304
GROSS CUM., MB & MMF		109.379		69.259
GROSS RES., MB & MMF		235.434		215.045
NET RES., MB & MMF		21.226		19.387
NET REVENUE, M$		1737.311		65.237
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		9.015		9.015

		P.W. %		P.W., M$
LIFE, YRS.	36.50		5.00		880.352
DISCOUNT %	10.00		10.00		674.122
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		617.713
DISCOUNTED PAYOUT, YRS.	0.00		15.00		550.232
UNDISCOUNTED NET/INVEST.	0.00		18.00		497.475
DISCOUNTED NET/INVEST.	0.00		20.00		468.290
RATE-OF-RETURN, PCT.	100.00		30.00		366.881
INITIAL W.I., PCT.	11.367		60.00		237.319
			80.00		198.467
			100.00		173.340

GULBRANSON 2-1H	DATE	:	03/18/2013
163N 100W 1	TIME	:	13:54:13
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		80.220		69.703		7.232		6.284		81.850		2.390		591.954		15.020		606.974
12-2014		53.138		44.233		4.791		3.988		81.850		3.500		392.116		13.957		406.073
12-2015		42.249		33.717		3.809		3.040		81.850		3.500		311.762		10.639		322.401
12-2016		35.964		27.521		3.242		2.481		81.850		3.500		265.384		8.684		274.068
12-2017		31.755		23.302		2.863		2.101		81.850		3.500		234.326		7.353		241.679
12-2018		28.690		20.188		2.586		1.820		81.850		3.500		211.705		6.370		218.075
12-2019		26.332		17.769		2.374		1.602		81.850		3.500		194.307		5.607		199.914
12-2020		24.425		15.807		2.202		1.425		81.850		3.500		180.238		4.988		185.226
12-2021		22.715		14.098		2.048		1.271		81.850		3.500		167.620		4.449		172.069
12-2022		21.125		12.574		1.905		1.134		81.850		3.500		155.887		3.968		159.855
12-2023		19.646		11.215		1.771		1.011		81.850		3.500		144.975		3.539		148.514
12-2024		18.271		10.002		1.647		0.902		81.850		3.500		134.827		3.156		137.983
12-2025		16.992		8.921		1.532		0.804		81.850		3.500		125.389		2.815		128.204
12-2026		15.803		7.957		1.425		0.717		81.850		3.500		116.612		2.511		119.122
12-2027		14.697		7.096		1.325		0.640		81.850		3.500		108.449		2.239		110.688
S TOT		452.022		324.104		40.752		29.220		81.850		3.261		3335.549		95.294		3430.843
AFTER		177.342		57.193		15.988		5.156		81.850		3.500		1308.636		18.047		1326.682
TOTAL		629.364		381.296		56.740		34.376		81.850		3.297		4644.185		113.341		4757.525

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		68.766		21.469		0.000		0.000		0.000		516.739		516.739		495.024
12-2014		0.000		45.532		18.788		0.000		0.000		0.000		341.754		858.493		792.048
12-2015		0.000		36.187		17.587		0.000		0.000		0.000		268.627		1127.120		1004.130
12-2016		0.000		30.792		16.832		0.000		0.000		0.000		226.445		1353.565		1166.595
12-2017		0.000		27.179		16.224		0.000		0.000		0.000		198.276		1551.841		1295.887
12-2018		0.000		24.546		15.661		0.000		0.000		0.000		177.868		1729.708		1401.311
12-2019		0.000		22.522		15.138		0.000		0.000		0.000		162.254		1891.963		1488.729
12-2020		0.000		20.884		14.651		0.000		0.000		0.000		149.690		2041.653		1562.041
12-2021		0.000		19.416		14.198		0.000		0.000		0.000		138.454		2180.107		1623.687
12-2022		0.000		18.052		13.777		0.000		0.000		0.000		128.025		2308.133		1675.507
12-2023		0.000		16.783		13.386		0.000		0.000		0.000		118.344		2426.477		1719.053
12-2024		0.000		15.604		13.022		0.000		0.000		0.000		109.357		2535.834		1755.635
12-2025		0.000		14.508		12.683		0.000		0.000		0.000		101.012		2636.846		1786.354
12-2026		0.000		13.489		12.368		0.000		0.000		0.000		93.265		2730.111		1812.138
12-2027		0.000		12.542		12.075		0.000		0.000		0.000		86.071		2816.181		1833.770
S TOT		0.000		386.802		227.859		0.000		0.000		0.000		2816.181		2816.181		1833.770
AFTER		0.000		151.060		316.357		0.000		0.000		0.000		859.266		3675.447		1942.539
TOTAL		0.000		537.863		544.216		0.000		0.000		0.000		3675.447		3675.447		1942.539

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		711.198		467.334
GROSS CUM., MB & MMF		81.834		86.038
GROSS RES., MB & MMF		629.364		381.296
NET RES., MB & MMF		56.740		34.376
NET REVENUE, M$		4644.185		113.341
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		9.015		9.015

		P.W. %		P.W., M$
LIFE, YRS.	47.92		5.00		2507.949
DISCOUNT %	10.00		10.00		1942.539
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		1791.993
DISCOUNTED PAYOUT, YRS.	0.00		15.00		1613.389
UNDISCOUNTED NET/INVEST.	0.00		18.00		1474.427
DISCOUNTED NET/INVEST.	0.00		20.00		1397.634
RATE-OF-RETURN, PCT.	100.00		30.00		1129.766
INITIAL W.I., PCT.	11.367		60.00		778.376
			80.00		668.626
			100.00		595.887

HAAGENSON 3-2S	DATE	:	03/18/2013
163N 101W 2	TIME	:	13:54:13
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		65.244		56.585		18.882		16.376		81.850		2.172		1545.470		35.569		1581.039
12-2014		36.293		28.616		10.503		8.281		81.850		3.500		859.682		28.985		888.667
12-2015		28.303		20.377		8.191		5.897		81.850		3.500		670.423		20.639		691.062
12-2016		24.020		15.798		6.951		4.572		81.850		3.500		568.964		16.002		584.966
12-2017		21.239		12.764		6.147		3.694		81.850		3.500		503.105		12.929		516.034
12-2018		19.246		10.570		5.570		3.059		81.850		3.500		455.899		10.706		466.605
12-2019		17.727		8.897		5.130		2.575		81.850		3.500		419.916		9.011		428.928
12-2020		16.520		7.576		4.781		2.193		81.850		3.500		391.309		7.674		398.983
12-2021		15.530		6.509		4.494		1.884		81.850		3.500		367.857		6.593		374.450
12-2022		14.699		5.630		4.254		1.629		81.850		3.500		348.175		5.703		353.878
12-2023		13.988		4.897		4.048		1.417		81.850		3.500		331.351		4.960		336.311
12-2024		13.372		4.278		3.870		1.238		81.850		3.500		316.753		4.333		321.086
12-2025		12.831		3.752		3.713		1.086		81.850		3.500		303.929		3.800		307.729
12-2026		12.350		3.300		3.574		0.955		81.850		3.500		292.547		3.343		295.890
12-2027		11.920		2.911		3.450		0.842		81.850		3.500		282.356		2.949		285.304
S TOT		323.283		192.460		93.558		55.698		81.850		3.110		7657.736		173.196		7830.934
AFTER		290.825		23.597		84.165		6.829		81.850		3.500		6888.884		23.901		6912.787
TOTAL		614.108		216.057		177.723		62.527		81.850		3.152		14546.620		197.098		14743.720

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		179.530		73.708		0.000		0.000		0.000		1327.801		1327.801		1276.488
12-2014		0.000		99.774		55.822		0.000		0.000		0.000		733.070		2060.871		1913.813
12-2015		0.000		77.747		49.699		0.000		0.000		0.000		563.616		2624.487		2358.821
12-2016		0.000		65.934		46.281		0.000		0.000		0.000		472.751		3097.238		2698.004
12-2017		0.000		58.263		44.020		0.000		0.000		0.000		413.750		3510.988		2967.803
12-2018		0.000		52.765		42.381		0.000		0.000		0.000		371.459		3882.447		3187.969
12-2019		0.000		48.574		41.123		0.000		0.000		0.000		339.231		4221.678		3370.735
12-2020		0.000		45.242		40.117		0.000		0.000		0.000		313.625		4535.303		3524.331
12-2021		0.000		42.511		39.289		0.000		0.000		0.000		292.650		4827.953		3654.617
12-2022		0.000		40.219		38.592		0.000		0.000		0.000		275.067		5103.020		3765.937
12-2023		0.000		38.261		37.995		0.000		0.000		0.000		260.055		5363.075		3861.609
12-2024		0.000		36.563		37.476		0.000		0.000		0.000		247.048		5610.123		3944.231
12-2025		0.000		35.071		37.019		0.000		0.000		0.000		235.639		5845.762		4015.872
12-2026		0.000		33.748		36.613		0.000		0.000		0.000		225.529		6071.291		4078.203
12-2027		0.000		32.564		36.248		0.000		0.000		0.000		216.492		6287.784		4132.597
S TOT		0.000		886.766		656.383		0.000		0.000		0.000		6287.784		6287.784		4132.597
AFTER		0.000		792.973		952.485		0.000		0.000		0.000		5167.329		11455.110		4550.299
TOTAL		0.000		1679.739		1608.867		0.000		0.000		0.000		11455.112		11455.110		4550.299

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		628.364		216.057
GROSS CUM., MB & MMF		14.256		0.000
GROSS RES., MB & MMF		614.108		216.057
NET RES., MB & MMF		177.723		62.527
NET REVENUE, M$		14546.620		197.098
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		28.940		28.940

		P.W. %		P.W., M$
LIFE, YRS.	50.00		5.00		6280.485
DISCOUNT %	10.00		10.00		4550.299
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		4155.374
DISCOUNTED PAYOUT, YRS.	0.00		15.00		3713.941
UNDISCOUNTED NET/INVEST.	0.00		18.00		3386.917
DISCOUNTED NET/INVEST.	0.00		20.00		3211.119
RATE-OF-RETURN, PCT.	100.00		30.00		2617.195
INITIAL W.I., PCT.	36.180		60.00		1858.983
			80.00		1621.739
			100.00		1463.416

JURASIN 32-29 S29-32	DATE	:	03/18/2013
163N 100W 5	TIME	:	13:54:13
THREE FORKS	DBS	:	MHA
CRESCENT POINT ENERGY US	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		42.228		14.016		0.205		0.068		81.850		2.454		16.755		0.167		16.921
12-2014		30.660		9.839		0.149		0.048		81.850		3.500		12.165		0.167		12.332
12-2015		25.330		7.862		0.123		0.038		81.850		3.500		10.050		0.133		10.184
12-2016		22.080		6.629		0.107		0.032		81.850		3.500		8.761		0.112		8.873
12-2017		19.830		5.760		0.096		0.028		81.850		3.500		7.868		0.098		7.966
12-2018		18.154		5.101		0.088		0.025		81.850		3.500		7.203		0.087		7.290
12-2019		16.828		4.574		0.082		0.022		81.850		3.500		6.677		0.078		6.754
12-2020		15.650		4.115		0.076		0.020		81.850		3.500		6.209		0.070		6.279
12-2021		14.554		3.702		0.071		0.018		81.850		3.500		5.775		0.063		5.838
12-2022		13.536		3.331		0.066		0.016		81.850		3.500		5.371		0.057		5.427
12-2023		12.588		2.997		0.061		0.015		81.850		3.500		4.995		0.051		5.045
12-2024		11.707		2.696		0.057		0.013		81.850		3.500		4.645		0.046		4.691
12-2025		10.887		2.426		0.053		0.012		81.850		3.500		4.320		0.041		4.361
12-2026		10.125		2.182		0.049		0.011		81.850		3.500		4.017		0.037		4.054
12-2027		9.417		1.963		0.046		0.010		81.850		3.500		3.736		0.033		3.770
S TOT		273.575		77.194		1.326		0.374		81.850		3.310		108.546		1.239		109.784
AFTER		107.150		16.569		0.519		0.080		81.850		3.500		42.514		0.281		42.795
TOTAL		380.725		93.763		1.846		0.455		81.850		3.344		151.060		1.520		152.579

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		1.934		1.363		0.000		0.000		0.000		13.624		13.624		13.039
12-2014		0.000		1.404		1.078		0.000		0.000		0.000		9.850		23.474		21.596
12-2015		0.000		1.160		0.945		0.000		0.000		0.000		8.079		31.553		27.972
12-2016		0.000		1.011		0.864		0.000		0.000		0.000		6.998		38.550		32.992
12-2017		0.000		0.908		0.810		0.000		0.000		0.000		6.248		44.798		37.066
12-2018		0.000		0.831		0.770		0.000		0.000		0.000		5.689		50.487		40.437
12-2019		0.000		0.770		0.739		0.000		0.000		0.000		5.245		55.732		43.262
12-2020		0.000		0.716		0.715		0.000		0.000		0.000		4.848		60.580		45.637
12-2021		0.000		0.666		0.695		0.000		0.000		0.000		4.477		65.057		47.630
12-2022		0.000		0.619		0.676		0.000		0.000		0.000		4.131		69.188		49.302
12-2023		0.000		0.576		0.660		0.000		0.000		0.000		3.810		72.998		50.704
12-2024		0.000		0.536		0.644		0.000		0.000		0.000		3.511		76.509		51.879
12-2025		0.000		0.498		0.629		0.000		0.000		0.000		3.233		79.742		52.862
12-2026		0.000		0.463		0.616		0.000		0.000		0.000		2.975		82.717		53.685
12-2027		0.000		0.431		0.603		0.000		0.000		0.000		2.735		85.453		54.372
S TOT		0.000		12.524		11.807		0.000		0.000		0.000		85.453		85.453		54.372
AFTER		0.000		4.898		13.572		0.000		0.000		0.000		24.325		109.778		57.666
TOTAL		0.000		17.422		25.379		0.000		0.000		0.000		109.778		109.778		57.666

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		427.067		113.960
GROSS CUM., MB & MMF		46.342		20.197
GROSS RES., MB & MMF		380.725		93.763
NET RES., MB & MMF		1.846		0.455
NET REVENUE, M$		151.059		1.520
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.485		0.485

		P.W. %		P.W., M$
LIFE, YRS.	41.75		5.00		75.081
DISCOUNT %	10.00		10.00		57.666
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		52.984
DISCOUNTED PAYOUT, YRS.	0.00		15.00		47.419
UNDISCOUNTED NET/INVEST.	0.00		18.00		43.088
DISCOUNTED NET/INVEST.	0.00		20.00		40.697
RATE-OF-RETURN, PCT.	100.00		30.00		32.397
INITIAL W.I., PCT.	0.606		60.00		21.701
			80.00		18.435
			100.00		16.297

LANCASTER 2-11H S2-11	DATE	:	03/18/2013
162N 102W 2	TIME	:	13:54:13
BAKKEN	DBS	:	MHA
CRESCENT POINT ENERGY US	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		20.671		5.788		1.026		0.287		81.850		2.486		84.006		0.714		84.720
12-2014		15.694		4.264		0.779		0.212		81.850		3.500		63.783		0.741		64.524
12-2015		13.176		3.474		0.654		0.172		81.850		3.500		53.549		0.604		54.152
12-2016		11.582		2.964		0.575		0.147		81.850		3.500		47.071		0.515		47.587
12-2017		10.457		2.597		0.519		0.129		81.850		3.500		42.496		0.451		42.947
12-2018		9.607		2.316		0.477		0.115		81.850		3.500		39.041		0.403		39.444
12-2019		8.919		2.087		0.443		0.104		81.850		3.500		36.247		0.363		36.610
12-2020		8.295		1.884		0.412		0.094		81.850		3.500		33.710		0.327		34.037
12-2021		7.714		1.701		0.383		0.084		81.850		3.500		31.350		0.296		31.646
12-2022		7.174		1.536		0.356		0.076		81.850		3.500		29.156		0.267		29.423
12-2023		6.672		1.386		0.331		0.069		81.850		3.500		27.115		0.241		27.356
12-2024		6.205		1.251		0.308		0.062		81.850		3.500		25.217		0.217		25.434
12-2025		5.771		1.130		0.287		0.056		81.850		3.500		23.452		0.196		23.648
12-2026		5.367		1.020		0.266		0.051		81.850		3.500		21.810		0.177		21.987
12-2027		4.991		0.921		0.248		0.046		81.850		3.500		20.283		0.160		20.443
S TOT		142.294		34.319		7.065		1.704		81.850		3.329		578.284		5.673		583.957
AFTER		48.132		7.166		2.390		0.356		81.850		3.500		195.608		1.245		196.853
TOTAL		190.425		41.485		9.455		2.060		81.850		3.358		773.892		6.918		780.810

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		9.692		10.447		0.000		0.000		0.000		64.580		64.580		61.773
12-2014		0.000		7.358		8.729		0.000		0.000		0.000		48.437		113.017		103.847
12-2015		0.000		6.177		7.882		0.000		0.000		0.000		40.094		153.111		135.492
12-2016		0.000		5.429		7.361		0.000		0.000		0.000		34.796		187.907		160.452
12-2017		0.000		4.901		7.002		0.000		0.000		0.000		31.044		218.951		180.693
12-2018		0.000		4.502		6.738		0.000		0.000		0.000		28.204		247.154		197.408
12-2019		0.000		4.180		6.533		0.000		0.000		0.000		25.897		273.052		211.361
12-2020		0.000		3.887		6.369		0.000		0.000		0.000		23.781		296.833		223.009
12-2021		0.000		3.615		6.233		0.000		0.000		0.000		21.799		318.632		232.715
12-2022		0.000		3.361		6.109		0.000		0.000		0.000		19.952		338.584		240.792
12-2023		0.000		3.126		5.994		0.000		0.000		0.000		18.236		356.820		247.503
12-2024		0.000		2.907		5.887		0.000		0.000		0.000		16.640		373.460		253.069
12-2025		0.000		2.703		5.788		0.000		0.000		0.000		15.157		388.616		257.679
12-2026		0.000		2.514		5.696		0.000		0.000		0.000		13.778		402.394		261.489
12-2027		0.000		2.338		5.610		0.000		0.000		0.000		12.496		414.890		264.630
S TOT		0.000		66.690		102.377		0.000		0.000		0.000		414.890		414.890		264.630
AFTER		0.000		22.534		90.697		0.000		0.000		0.000		83.622		498.512		277.582
TOTAL		0.000		89.224		193.074		0.000		0.000		0.000		498.512		498.512		277.582

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		218.024		65.570
GROSS CUM., MB & MMF		27.599		24.085
GROSS RES., MB & MMF		190.425		41.485
NET RES., MB & MMF		9.455		2.060
NET REVENUE, M$		773.892		6.918
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		4.965		4.965

		P.W. %		P.W., M$
LIFE, YRS.	32.83		5.00		355.559
DISCOUNT %	10.00		10.00		277.582
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		255.875
DISCOUNTED PAYOUT, YRS.	0.00		15.00		229.689
UNDISCOUNTED NET/INVEST.	0.00		18.00		209.049
DISCOUNTED NET/INVEST.	0.00		20.00		197.568
RATE-OF-RETURN, PCT.	100.00		30.00		157.300
INITIAL W.I., PCT.	6.207		60.00		104.831
			80.00		88.774
			100.00		78.275

LEGAARD 4-25H S13-24	DATE	:	03/18/2013
163N 101W 25	TIME	:	13:54:14
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		70.837		48.154		2.318		1.576		81.850		2.511		189.711		3.956		193.667
12-2014		56.384		36.808		1.845		1.204		81.850		3.500		151.003		4.215		155.219
12-2015		48.280		30.273		1.580		0.991		81.850		3.500		129.299		3.467		132.766
12-2016		42.907		25.843		1.404		0.846		81.850		3.500		114.910		2.960		117.869
12-2017		39.007		22.568		1.276		0.738		81.850		3.500		104.466		2.585		107.051
12-2018		36.006		20.012		1.178		0.655		81.850		3.500		96.429		2.292		98.721
12-2019		33.472		17.871		1.095		0.585		81.850		3.500		89.642		2.047		91.689
12-2020		31.129		15.966		1.019		0.522		81.850		3.500		83.367		1.828		85.196
12-2021		28.950		14.264		0.947		0.467		81.850		3.500		77.532		1.634		79.165
12-2022		26.923		12.744		0.881		0.417		81.850		3.500		72.104		1.459		73.564
12-2023		25.039		11.385		0.819		0.373		81.850		3.500		67.057		1.304		68.361
12-2024		23.286		10.172		0.762		0.333		81.850		3.500		62.363		1.165		63.528
12-2025		21.656		9.088		0.709		0.297		81.850		3.500		57.998		1.041		59.038
12-2026		20.140		8.119		0.659		0.266		81.850		3.500		53.938		0.930		54.868
12-2027		18.730		7.254		0.613		0.237		81.850		3.500		50.162		0.831		50.993
S TOT		522.746		290.520		17.104		9.506		81.850		3.336		1399.982		31.712		1431.693
AFTER		229.219		59.619		7.500		1.951		81.850		3.500		613.879		6.828		620.707
TOTAL		751.965		350.139		24.604		11.457		81.850		3.364		2013.861		38.539		2052.400

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		21.990		5.859		0.000		0.000		0.000		165.818		165.818		158.473
12-2014		0.000		17.498		5.118		0.000		0.000		0.000		132.603		298.421		273.622
12-2015		0.000		14.978		4.720		0.000		0.000		0.000		113.067		411.488		362.847
12-2016		0.000		13.308		4.466		0.000		0.000		0.000		100.095		511.583		434.639
12-2017		0.000		12.095		4.288		0.000		0.000		0.000		90.668		602.252		493.749
12-2018		0.000		11.161		4.153		0.000		0.000		0.000		83.406		685.658		543.176
12-2019		0.000		10.373		4.048		0.000		0.000		0.000		77.267		762.925		584.802
12-2020		0.000		9.645		3.964		0.000		0.000		0.000		71.587		834.512		619.862
12-2021		0.000		8.967		3.892		0.000		0.000		0.000		66.306		900.818		649.384
12-2022		0.000		8.338		3.825		0.000		0.000		0.000		61.401		962.219		674.237
12-2023		0.000		7.753		3.764		0.000		0.000		0.000		56.845		1019.063		695.153
12-2024		0.000		7.208		3.706		0.000		0.000		0.000		52.613		1071.677		712.753
12-2025		0.000		6.702		3.653		0.000		0.000		0.000		48.683		1120.359		727.558
12-2026		0.000		6.232		3.603		0.000		0.000		0.000		45.032		1165.391		740.007
12-2027		0.000		5.795		3.557		0.000		0.000		0.000		41.641		1207.032		750.473
S TOT		0.000		162.044		62.618		0.000		0.000		0.000		1207.032		1207.032		750.473
AFTER		0.000		70.811		110.565		0.000		0.000		0.000		439.331		1646.363		804.236
TOTAL		0.000		232.854		173.183		0.000		0.000		0.000		1646.364		1646.363		804.236

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		892.825		470.951
GROSS CUM., MB & MMF		140.860		120.811
GROSS RES., MB & MMF		751.965		350.139
NET RES., MB & MMF		24.604		11.457
NET REVENUE, M$		2013.861		38.539
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		3.272		3.272

		P.W. %		P.W., M$
LIFE, YRS.	50.00		5.00		1072.794
DISCOUNT %	10.00		10.00		804.236
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		733.919
DISCOUNTED PAYOUT, YRS.	0.00		15.00		651.250
UNDISCOUNTED NET/INVEST.	0.00		18.00		587.568
DISCOUNTED NET/INVEST.	0.00		20.00		552.647
RATE-OF-RETURN, PCT.	100.00		30.00		432.673
INITIAL W.I., PCT.	4.090		60.00		281.368
			80.00		236.149
			100.00		206.880

MEGAN 14-12	DATE	:	03/18/2013
163N 101W 12	TIME	:	13:54:14
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		89.548		77.675		11.647		10.142		81.850		2.039		953.307		20.680		973.987
12-2014		49.396		38.948		2.737		2.180		81.850		3.500		223.993		7.629		231.623
12-2015		38.483		27.706		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2016		32.645		21.471		6.852		4.454		81.850		3.500		560.849		15.588		576.437
12-2017		28.859		17.344		8.225		4.943		81.850		3.500		673.211		17.301		690.512
12-2018		26.148		14.360		7.452		4.092		81.850		3.500		609.953		14.324		624.276
12-2019		24.081		12.085		6.863		3.444		81.850		3.500		561.752		12.055		573.808
12-2020		22.439		10.291		6.395		2.933		81.850		3.500		523.442		10.266		533.708
12-2021		21.093		8.841		6.012		2.520		81.850		3.500		492.042		8.819		500.861
12-2022		19.964		7.647		5.690		2.179		81.850		3.500		465.694		7.628		473.322
12-2023		18.998		6.651		5.414		1.895		81.850		3.500		443.174		6.634		449.808
12-2024		18.161		5.810		5.176		1.656		81.850		3.500		423.636		5.796		429.432
12-2025		17.425		5.095		4.966		1.452		81.850		3.500		406.475		5.082		411.557
12-2026		16.772		4.482		4.780		1.277		81.850		3.500		391.244		4.471		395.715
12-2027		16.187		3.953		4.613		1.127		81.850		3.500		377.607		3.943		381.550
S TOT		440.198		262.358		86.822		44.295		81.850		3.165		7106.381		140.214		7246.595
AFTER		394.889		32.042		112.543		9.132		81.850		3.500		9211.676		31.962		9243.635
TOTAL		835.087		294.400		199.365		53.427		81.850		3.223		16318.057		172.176		16490.230

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		110.746		58.318		0.000		0.000		0.000		804.923		804.923		777.296
12-2014		0.000		25.999		39.392		0.000		0.000		0.000		166.231		971.155		923.777
12-2015		0.000		0.000		35.337		0.000		0.000		0.000		-35.337		935.818		895.906
12-2016		0.000		64.988		33.350		0.000		0.000		0.000		478.099		1413.917		1234.331
12-2017		0.000		77.963		32.135		0.000		0.000		0.000		580.414		1994.332		1612.800
12-2018		0.000		70.595		31.302		0.000		0.000		0.000		522.380		2516.711		1922.412
12-2019		0.000		64.980		30.690		0.000		0.000		0.000		478.137		2994.848		2180.010
12-2020		0.000		60.518		30.218		0.000		0.000		0.000		442.971		3437.819		2396.949
12-2021		0.000		56.862		29.842		0.000		0.000		0.000		414.157		3851.976		2581.326
12-2022		0.000		53.795		29.533		0.000		0.000		0.000		389.995		4241.971		2739.156
12-2023		0.000		51.174		29.274		0.000		0.000		0.000		369.361		4611.332		2875.040
12-2024		0.000		48.900		29.054		0.000		0.000		0.000		351.478		4962.809		2992.585
12-2025		0.000		46.904		28.863		0.000		0.000		0.000		335.789		5298.598		3094.673
12-2026		0.000		45.134		28.697		0.000		0.000		0.000		321.884		5620.482		3183.634
12-2027		0.000		43.549		28.550		0.000		0.000		0.000		309.451		5929.933		3261.383
S TOT		0.000		822.106		494.556		0.000		0.000		0.000		5929.933		5929.933		3261.383
AFTER		0.000		1060.347		959.571		0.000		0.000		0.000		7223.719		13153.652		3847.727
TOTAL		0.000		1882.453		1454.126		0.000		0.000		0.000		13153.652		13153.652		3847.727

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		844.438		294.400
GROSS CUM., MB & MMF		9.351		0.000
GROSS RES., MB & MMF		835.087		294.400
NET RES., MB & MMF		199.365		53.427
NET REVENUE, M$		16318.056		172.176
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.250		14.250

		P.W. %		P.W., M$
LIFE, YRS.	50.00		5.00		6103.774
DISCOUNT %	10.00		10.00		3847.726
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		3355.442
DISCOUNTED PAYOUT, YRS.	0.00		15.00		2822.962
UNDISCOUNTED NET/INVEST.	0.00		18.00		2444.744
DISCOUNTED NET/INVEST.	0.00		20.00		2248.677
RATE-OF-RETURN, PCT.	100.00		30.00		1635.918
INITIAL W.I., PCT.	35.620		60.00		1012.985
			80.00		865.794
			100.00		780.643

MONTCLAIR 1-12 163-99H	DATE	:	03/18/2013
163N 99W 1	TIME	:	13:54:14
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		45.256		49.809		0.570		0.628		81.850		2.426		46.673		1.523		48.195
12-2014		31.828		33.479		0.401		0.422		81.850		3.500		32.825		1.476		34.301
12-2015		26.031		26.184		0.328		0.330		81.850		3.500		26.846		1.155		28.001
12-2016		22.577		21.720		0.284		0.274		81.850		3.500		23.284		0.958		24.241
12-2017		20.215		18.601		0.255		0.234		81.850		3.500		20.848		0.820		21.668
12-2018		18.468		16.255		0.233		0.205		81.850		3.500		19.047		0.717		19.764
12-2019		17.100		14.397		0.215		0.181		81.850		3.500		17.636		0.635		18.270
12-2020		15.902		12.807		0.200		0.161		81.850		3.500		16.400		0.565		16.965
12-2021		14.789		11.393		0.186		0.144		81.850		3.500		15.252		0.502		15.755
12-2022		13.754		10.135		0.173		0.128		81.850		3.500		14.184		0.447		14.631
12-2023		12.791		9.016		0.161		0.114		81.850		3.500		13.192		0.398		13.589
12-2024		11.896		8.021		0.150		0.101		81.850		3.500		12.268		0.354		12.622
12-2025		11.063		7.136		0.139		0.090		81.850		3.500		11.409		0.315		11.724
12-2026		10.289		6.348		0.130		0.080		81.850		3.500		10.611		0.280		10.891
12-2027		9.568		5.647		0.121		0.071		81.850		3.500		9.868		0.249		10.117
S TOT		281.528		250.947		3.547		3.162		81.850		3.287		290.342		10.393		300.735
AFTER		109.634		43.649		1.381		0.550		81.850		3.500		113.067		1.925		114.992
TOTAL		391.162		294.596		4.929		3.712		81.850		3.318		403.409		12.318		415.727

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		5.436		2.614		0.000		0.000		0.000		40.145		40.145		38.426
12-2014		0.000		3.821		2.171		0.000		0.000		0.000		28.309		68.455		63.023
12-2015		0.000		3.124		1.959		0.000		0.000		0.000		22.918		91.373		81.113
12-2016		0.000		2.708		1.831		0.000		0.000		0.000		19.703		111.076		95.248
12-2017		0.000		2.423		1.743		0.000		0.000		0.000		17.502		128.578		106.659
12-2018		0.000		2.213		1.678		0.000		0.000		0.000		15.872		144.450		116.066
12-2019		0.000		2.048		1.629		0.000		0.000		0.000		14.594		159.044		123.929
12-2020		0.000		1.904		1.589		0.000		0.000		0.000		13.472		172.517		130.527
12-2021		0.000		1.770		1.556		0.000		0.000		0.000		12.429		184.945		136.061
12-2022		0.000		1.645		1.526		0.000		0.000		0.000		11.460		196.405		140.700
12-2023		0.000		1.530		1.499		0.000		0.000		0.000		10.561		206.966		144.586
12-2024		0.000		1.422		1.473		0.000		0.000		0.000		9.727		216.693		147.840
12-2025		0.000		1.322		1.449		0.000		0.000		0.000		8.953		225.645		150.562
12-2026		0.000		1.229		1.427		0.000		0.000		0.000		8.234		233.880		152.839
12-2027		0.000		1.143		1.407		0.000		0.000		0.000		7.568		241.447		154.741
S TOT		0.000		33.737		25.551		0.000		0.000		0.000		241.447		241.447		154.741
AFTER		0.000		13.063		34.111		0.000		0.000		0.000		67.818		309.265		163.873
TOTAL		0.000		46.800		59.662		0.000		0.000		0.000		309.265		309.265		163.873

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		473.212		377.317
GROSS CUM., MB & MMF		82.050		82.721
GROSS RES., MB & MMF		391.162		294.596
NET RES., MB & MMF		4.929		3.712
NET REVENUE, M$		403.409		12.318
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		1.260		1.260

		P.W. %		P.W., M$
LIFE, YRS.	42.33		5.00		212.448
DISCOUNT %	10.00		10.00		163.873
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		150.800
DISCOUNTED PAYOUT, YRS.	0.00		15.00		135.246
UNDISCOUNTED NET/INVEST.	0.00		18.00		123.126
DISCOUNTED NET/INVEST.	0.00		20.00		116.429
RATE-OF-RETURN, PCT.	100.00		30.00		93.119
INITIAL W.I., PCT.	1.574		60.00		62.883
			80.00		53.585
			100.00		47.476

MUSTANG 7-6 S6-7	DATE	:	03/18/2013
163N 98W 18	TIME	:	13:54:14
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		21.513		44.234		0.054		0.111		81.850		2.501		4.402		0.277		4.679
12-2014		16.892		33.171		0.042		0.083		81.850		3.500		3.457		0.290		3.747
12-2015		14.378		26.970		0.036		0.067		81.850		3.500		2.942		0.236		3.178
12-2016		12.734		22.820		0.032		0.057		81.850		3.500		2.606		0.200		2.805
12-2017		11.552		19.777		0.029		0.049		81.850		3.500		2.364		0.173		2.537
12-2018		10.647		17.416		0.027		0.044		81.850		3.500		2.179		0.152		2.331
12-2019		9.895		15.464		0.025		0.039		81.850		3.500		2.025		0.135		2.160
12-2020		9.202		13.741		0.023		0.034		81.850		3.500		1.883		0.120		2.003
12-2021		8.558		12.209		0.021		0.031		81.850		3.500		1.751		0.107		1.858
12-2022		7.959		10.849		0.020		0.027		81.850		3.500		1.629		0.095		1.724
12-2023		7.402		9.640		0.019		0.024		81.850		3.500		1.515		0.084		1.599
12-2024		6.884		8.566		0.017		0.021		81.850		3.500		1.409		0.075		1.484
12-2025		6.402		7.611		0.016		0.019		81.850		3.500		1.310		0.067		1.377
12-2026		5.954		6.763		0.015		0.017		81.850		3.500		1.218		0.059		1.277
12-2027		5.537		6.009		0.014		0.015		81.850		3.500		1.133		0.053		1.186
S TOT		155.509		255.240		0.389		0.638		81.850		3.327		31.821		2.123		33.944
AFTER		55.478		43.036		0.139		0.108		81.850		3.500		11.352		0.377		11.729
TOTAL		210.987		298.276		0.527		0.746		81.850		3.352		43.173		2.499		45.673

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.518		0.556		0.000		0.000		0.000		3.604		3.604		3.443
12-2014		0.000		0.407		0.479		0.000		0.000		0.000		2.861		6.465		5.928
12-2015		0.000		0.346		0.436		0.000		0.000		0.000		2.397		8.862		7.820
12-2016		0.000		0.306		0.407		0.000		0.000		0.000		2.092		10.954		9.320
12-2017		0.000		0.277		0.387		0.000		0.000		0.000		1.873		12.827		10.541
12-2018		0.000		0.255		0.371		0.000		0.000		0.000		1.705		14.532		11.552
12-2019		0.000		0.237		0.359		0.000		0.000		0.000		1.564		16.096		12.394
12-2020		0.000		0.220		0.349		0.000		0.000		0.000		1.434		17.530		13.097
12-2021		0.000		0.205		0.340		0.000		0.000		0.000		1.313		18.843		13.682
12-2022		0.000		0.190		0.332		0.000		0.000		0.000		1.201		20.044		14.168
12-2023		0.000		0.177		0.325		0.000		0.000		0.000		1.098		21.142		14.572
12-2024		0.000		0.164		0.318		0.000		0.000		0.000		1.002		22.143		14.907
12-2025		0.000		0.153		0.311		0.000		0.000		0.000		0.913		23.056		15.184
12-2026		0.000		0.142		0.305		0.000		0.000		0.000		0.830		23.887		15.414
12-2027		0.000		0.132		0.299		0.000		0.000		0.000		0.754		24.641		15.604
S TOT		0.000		3.730		5.574		0.000		0.000		0.000		24.641		24.641		15.604
AFTER		0.000		1.317		5.096		0.000		0.000		0.000		5.315		29.956		16.407
TOTAL		0.000		5.047		10.670		0.000		0.000		0.000		29.956		29.956		16.407

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		261.245		353.010
GROSS CUM., MB & MMF		50.258		54.734
GROSS RES., MB & MMF		210.987		298.276
NET RES., MB & MMF		0.527		0.746
NET REVENUE, M$		43.173		2.499
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.250		0.250

		P.W. %		P.W., M$
LIFE, YRS.	34.33		5.00		21.150
DISCOUNT %	10.00		10.00		16.407
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		15.094
DISCOUNTED PAYOUT, YRS.	0.00		15.00		13.514
UNDISCOUNTED NET/INVEST.	0.00		18.00		12.271
DISCOUNTED NET/INVEST.	0.00		20.00		11.580
RATE-OF-RETURN, PCT.	100.00		30.00		9.164
INITIAL W.I., PCT.	0.312		60.00		6.030
			80.00		5.076
			100.00		4.454

NIELSON 1-12H S1-12	DATE	:	03/18/2013
160N 97W 12	TIME	:	13:54:14
BAKKEN	DBS	:	MHA
CONTINENTAL RESOURCES IN	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		13.503		16.505		0.047		0.058		81.850		2.496		3.867		0.144		4.011
12-2014		10.541		12.272		0.037		0.043		81.850		3.500		3.018		0.150		3.169
12-2015		8.949		9.928		0.031		0.035		81.850		3.500		2.563		0.122		2.684
12-2016		7.915		8.367		0.028		0.029		81.850		3.500		2.267		0.102		2.369
12-2017		7.173		7.226		0.025		0.025		81.850		3.500		2.054		0.088		2.143
12-2018		6.608		6.343		0.023		0.022		81.850		3.500		1.892		0.078		1.970
12-2019		6.140		5.617		0.021		0.020		81.850		3.500		1.758		0.069		1.827
12-2020		5.710		4.978		0.020		0.017		81.850		3.500		1.635		0.061		1.696
12-2021		5.311		4.412		0.019		0.015		81.850		3.500		1.521		0.054		1.575
12-2022		4.939		3.911		0.017		0.014		81.850		3.500		1.414		0.048		1.462
12-2023		4.593		3.466		0.016		0.012		81.850		3.500		1.315		0.042		1.358
12-2024		4.272		3.072		0.015		0.011		81.850		3.500		1.223		0.038		1.261
12-2025		3.973		2.723		0.014		0.010		81.850		3.500		1.138		0.033		1.171
12-2026		3.694		2.413		0.013		0.008		81.850		3.500		1.058		0.030		1.087
12-2027		3.436		2.139		0.012		0.007		81.850		3.500		0.984		0.026		1.010
S TOT		96.756		93.371		0.339		0.327		81.850		3.323		27.706		1.085		28.792
AFTER		25.102		12.252		0.088		0.043		81.850		3.500		7.188		0.150		7.338
TOTAL		121.858		105.623		0.426		0.370		81.850		3.343		34.894		1.235		36.130

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.451		0.499		0.000		0.000		0.000		3.061		3.061		2.926
12-2014		0.000		0.352		0.470		0.000		0.000		0.000		2.347		5.408		4.964
12-2015		0.000		0.299		0.453		0.000		0.000		0.000		1.932		7.340		6.490
12-2016		0.000		0.264		0.442		0.000		0.000		0.000		1.663		9.003		7.683
12-2017		0.000		0.239		0.434		0.000		0.000		0.000		1.470		10.473		8.641
12-2018		0.000		0.220		0.427		0.000		0.000		0.000		1.323		11.796		9.425
12-2019		0.000		0.204		0.422		0.000		0.000		0.000		1.201		12.997		10.072
12-2020		0.000		0.190		0.417		0.000		0.000		0.000		1.089		14.086		10.606
12-2021		0.000		0.177		0.413		0.000		0.000		0.000		0.985		15.070		11.044
12-2022		0.000		0.164		0.410		0.000		0.000		0.000		0.888		15.958		11.404
12-2023		0.000		0.153		0.407		0.000		0.000		0.000		0.798		16.756		11.697
12-2024		0.000		0.142		0.404		0.000		0.000		0.000		0.714		17.471		11.936
12-2025		0.000		0.132		0.402		0.000		0.000		0.000		0.637		18.108		12.130
12-2026		0.000		0.123		0.400		0.000		0.000		0.000		0.565		18.672		12.286
12-2027		0.000		0.114		0.398		0.000		0.000		0.000		0.498		19.170		12.412
S TOT		0.000		3.222		6.399		0.000		0.000		0.000		19.170		19.170		12.412
AFTER		0.000		0.831		4.285		0.000		0.000		0.000		2.221		21.392		12.806
TOTAL		0.000		4.053		10.685		0.000		0.000		0.000		21.392		21.392		12.806

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		189.765		218.036
GROSS CUM., MB & MMF		67.907		112.413
GROSS RES., MB & MMF		121.858		105.623
NET RES., MB & MMF		0.426		0.370
NET REVENUE, M$		34.894		1.235
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.350		0.350

		P.W. %		P.W., M$
LIFE, YRS.	26.00		5.00		16.004
DISCOUNT %	10.00		10.00		12.806
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		11.879
DISCOUNTED PAYOUT, YRS.	0.00		15.00		10.737
UNDISCOUNTED NET/INVEST.	0.00		18.00		9.821
DISCOUNTED NET/INVEST.	0.00		20.00		9.305
RATE-OF-RETURN, PCT.	100.00		30.00		7.460
INITIAL W.I., PCT.	0.437		60.00		4.993
			80.00		4.227
			100.00		3.724

NOMAD 0607-1H	DATE	:	03/18/2013
163N 99W 6	TIME	:	13:54:14
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		127.458		105.576		17.866		14.799		81.850		2.361		1462.308		34.943		1497.251
12-2014		82.894		65.777		11.619		9.220		81.850		3.500		951.031		32.270		983.301
12-2015		66.412		50.532		9.309		7.083		81.850		3.500		761.940		24.791		786.731
12-2016		57.036		41.621		7.995		5.834		81.850		3.500		654.367		20.419		674.786
12-2017		50.776		35.537		7.117		4.981		81.850		3.500		582.540		17.434		599.975
12-2018		46.212		31.022		6.478		4.348		81.850		3.500		530.186		15.219		545.406
12-2019		42.688		27.487		5.984		3.853		81.850		3.500		489.756		13.485		503.241
12-2020		39.688		24.513		5.563		3.436		81.850		3.500		455.340		12.026		467.366
12-2021		36.910		21.867		5.174		3.065		81.850		3.500		423.466		10.728		434.194
12-2022		34.327		19.507		4.812		2.734		81.850		3.500		393.823		9.570		403.393
12-2023		31.924		17.401		4.475		2.439		81.850		3.500		366.256		8.537		374.793
12-2024		29.689		15.523		4.161		2.176		81.850		3.500		340.618		7.615		348.233
12-2025		27.611		13.847		3.870		1.941		81.850		3.500		316.775		6.793		323.568
12-2026		25.678		12.353		3.599		1.731		81.850		3.500		294.600		6.060		300.661
12-2027		23.881		11.020		3.347		1.545		81.850		3.500		273.978		5.406		279.385
S TOT		723.184		493.582		101.368		69.185		81.850		3.256		8296.987		225.295		8522.283
AFTER		292.248		89.402		40.964		12.531		81.850		3.500		3352.919		43.860		3396.779
TOTAL		1015.432		582.985		142.332		81.717		81.850		3.294		11649.906		269.155		11919.062

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		169.793		42.374		0.000		0.000		0.000		1285.083		1285.083		1231.624
12-2014		0.000		110.383		31.975		0.000		0.000		0.000		840.943		2126.026		1962.433
12-2015		0.000		88.402		28.130		0.000		0.000		0.000		670.199		2796.225		2491.497
12-2016		0.000		75.894		25.942		0.000		0.000		0.000		572.951		3369.176		2902.521
12-2017		0.000		67.540		24.481		0.000		0.000		0.000		507.954		3877.129		3233.719
12-2018		0.000		61.450		23.416		0.000		0.000		0.000		460.540		4337.669		3506.665
12-2019		0.000		56.746		22.594		0.000		0.000		0.000		423.901		4761.571		3735.036
12-2020		0.000		52.742		21.894		0.000		0.000		0.000		392.730		5154.301		3927.377
12-2021		0.000		49.036		21.245		0.000		0.000		0.000		363.913		5518.214		4089.403
12-2022		0.000		45.590		20.642		0.000		0.000		0.000		337.160		5855.375		4225.871
12-2023		0.000		42.388		20.082		0.000		0.000		0.000		312.323		6167.698		4340.794
12-2024		0.000		39.410		19.560		0.000		0.000		0.000		289.263		6456.961		4437.556
12-2025		0.000		36.643		19.075		0.000		0.000		0.000		267.850		6724.812		4519.009
12-2026		0.000		34.070		18.624		0.000		0.000		0.000		247.967		6972.778		4587.561
12-2027		0.000		31.677		18.205		0.000		0.000		0.000		229.502		7202.281		4645.241
S TOT		0.000		961.764		358.238		0.000		0.000		0.000		7202.281		7202.281		4645.241
AFTER		0.000		386.964		510.327		0.000		0.000		0.000		2499.487		9701.766		4945.067
TOTAL		0.000		1348.728		868.566		0.000		0.000		0.000		9701.768		9701.766		4945.067

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		1023.326		589.831
GROSS CUM., MB & MMF		7.894		6.846
GROSS RES., MB & MMF		1015.432		582.985
NET RES., MB & MMF		142.332		81.717
NET REVENUE, M$		11649.905		269.155
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.017		14.017

		P.W. %		P.W., M$
LIFE, YRS.	50.00		5.00		6455.659
DISCOUNT %	10.00		10.00		4945.068
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		4548.902
DISCOUNTED PAYOUT, YRS.	0.00		15.00		4081.918
UNDISCOUNTED NET/INVEST.	0.00		18.00		3720.765
DISCOUNTED NET/INVEST.	0.00		20.00		3521.991
RATE-OF-RETURN, PCT.	100.00		30.00		2833.203
INITIAL W.I., PCT.	17.545		60.00		1941.413
			80.00		1665.942
			100.00		1484.203

NOMAD 0607-2TFH	DATE	:	03/18/2013
163N 99W 6	TIME	:	13:54:14
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		87.084		72.134		12.207		10.111		81.850		2.361		999.104		23.874		1022.978
12-2014		56.636		44.941		7.939		6.299		81.850		3.500		649.780		22.048		671.828
12-2015		45.375		34.525		6.360		4.839		81.850		3.500		520.586		16.938		537.524
12-2016		38.969		28.437		5.462		3.986		81.850		3.500		447.088		13.951		461.039
12-2017		34.692		24.281		4.863		3.403		81.850		3.500		398.013		11.912		409.925
12-2018		31.574		21.196		4.426		2.971		81.850		3.500		362.243		10.398		372.642
12-2019		29.166		18.780		4.088		2.632		81.850		3.500		334.620		9.213		343.833
12-2020		27.117		16.748		3.801		2.348		81.850		3.500		311.105		8.216		319.322
12-2021		25.218		14.940		3.535		2.094		81.850		3.500		289.328		7.330		296.658
12-2022		23.453		13.328		3.287		1.868		81.850		3.500		269.075		6.538		275.613
12-2023		21.811		11.889		3.057		1.666		81.850		3.500		250.240		5.833		256.072
12-2024		20.285		10.606		2.843		1.487		81.850		3.500		232.723		5.203		237.926
12-2025		18.865		9.461		2.644		1.326		81.850		3.500		216.432		4.642		221.074
12-2026		17.544		8.440		2.459		1.183		81.850		3.500		201.282		4.141		205.423
12-2027		16.316		7.529		2.287		1.055		81.850		3.500		187.192		3.694		190.886
S TOT		494.107		337.234		69.259		47.270		81.850		3.256		5668.812		153.930		5822.743
AFTER		199.362		61.050		27.944		8.557		81.850		3.500		2287.248		29.951		2317.198
TOTAL		693.468		398.284		97.203		55.827		81.850		3.294		7956.060		183.881		8139.941

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		116.009		32.953		0.000		0.000		0.000		874.015		874.015		837.675
12-2014		0.000		75.418		25.848		0.000		0.000		0.000		570.562		1444.578		1333.521
12-2015		0.000		60.400		23.221		0.000		0.000		0.000		453.904		1898.481		1691.843
12-2016		0.000		51.854		21.726		0.000		0.000		0.000		387.460		2285.941		1969.803
12-2017		0.000		46.146		20.728		0.000		0.000		0.000		343.052		2628.992		2193.483
12-2018		0.000		41.985		20.000		0.000		0.000		0.000		310.657		2939.649		2377.600
12-2019		0.000		38.771		19.438		0.000		0.000		0.000		285.624		3225.273		2531.477
12-2020		0.000		36.035		18.960		0.000		0.000		0.000		264.326		3489.600		2660.934
12-2021		0.000		33.503		18.517		0.000		0.000		0.000		244.637		3734.238		2769.855
12-2022		0.000		31.149		18.105		0.000		0.000		0.000		226.359		3960.597		2861.477
12-2023		0.000		28.961		17.722		0.000		0.000		0.000		209.390		4169.986		2938.525
12-2024		0.000		26.927		17.366		0.000		0.000		0.000		193.634		4363.620		3003.298
12-2025		0.000		25.036		17.034		0.000		0.000		0.000		179.004		4542.624		3057.734
12-2026		0.000		23.278		16.726		0.000		0.000		0.000		165.419		4708.043		3103.466
12-2027		0.000		21.643		16.440		0.000		0.000		0.000		152.803		4860.846		3141.870
S TOT		0.000		657.113		304.784		0.000		0.000		0.000		4860.846		4860.846		3141.870
AFTER		0.000		263.975		485.494		0.000		0.000		0.000		1567.729		6428.576		3337.030
TOTAL		0.000		921.088		790.278		0.000		0.000		0.000		6428.575		6428.576		3337.030

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		700.536		403.930
GROSS CUM., MB & MMF		7.068		5.646
GROSS RES., MB & MMF		693.468		398.284
NET RES., MB & MMF		97.203		55.827
NET REVENUE, M$		7956.061		183.881
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.017		14.017

		P.W. %		P.W., M$
LIFE, YRS.	49.75		5.00		4335.889
DISCOUNT %	10.00		10.00		3337.030
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		3072.794
DISCOUNTED PAYOUT, YRS.	0.00		15.00		2760.315
UNDISCOUNTED NET/INVEST.	0.00		18.00		2517.997
DISCOUNTED NET/INVEST.	0.00		20.00		2384.412
RATE-OF-RETURN, PCT.	100.00		30.00		1920.499
INITIAL W.I., PCT.	17.545		60.00		1317.933
			80.00		1131.427
			100.00		1008.291

NOMAD 5 0607-5H	DATE	:	03/18/2013
163N 99W 31	TIME	:	13:54:14
BAKKEN	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS			NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE			OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF			M$		M$		M$
12-2013		51.802		49.779		7.261		6.977		81.850		2.366			594.321		16.509		610.830
12-2014		33.875		31.168		4.748		4.369		81.850		3.500			388.638		15.291		403.929
12-2015		27.174		23.962		3.809		3.359		81.850		3.500			311.760		11.756		323.515
12-2016		23.351		19.738		3.273		2.767		81.850		3.500			267.900		9.683		277.584
12-2017		20.795		16.850		2.915		2.362		81.850		3.500			238.575		8.266		246.841
12-2018		18.930		14.705		2.653		2.061		81.850		3.500			217.181		7.214		224.396
12-2019		17.489		13.024		2.451		1.826		81.850		3.500			200.648		6.390		207.038
12-2020		16.260		11.609		2.279		1.627		81.850		3.500			186.551		5.695		192.247
12-2021		15.122		10.351		2.120		1.451		81.850		3.500			173.493		5.078		178.571
12-2022		14.063		9.229		1.971		1.294		81.850		3.500			161.348		4.528		165.876
12-2023		13.079		8.229		1.833		1.153		81.850		3.500			150.054		4.037		154.091
12-2024		12.164		7.337		1.705		1.028		81.850		3.500			139.550		3.599		143.149
12-2025		11.312		6.541		1.586		0.917		81.850		3.500			129.782		3.209		132.991
12-2026		10.520		5.832		1.475		0.818		81.850		3.500			120.697		2.861		123.558
12-2027		9.784		5.200		1.371		0.729		81.850		3.500			112.248		2.551		114.799
S TOT		295.720		233.554		41.451		32.737		81.850		3.258	��		3392.748		106.667		3499.414
AFTER		112.530		40.986		15.773		5.745		81.850		3.500			1291.038		20.108		1311.145
TOTAL		408.249		274.540		57.224		38.482		81.850		3.294			4683.786		126.775		4810.559

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		69.114		24.720		0.000		0.000		0.000		516.995		516.995		495.446
12-2014		0.000		45.174		20.537		0.000		0.000		0.000		338.218		855.213		789.380
12-2015		0.000		36.222		18.973		0.000		0.000		0.000		268.320		1123.533		1001.203
12-2016		0.000		31.113		18.081		0.000		0.000		0.000		228.390		1351.923		1165.051
12-2017		0.000		27.696		17.485		0.000		0.000		0.000		201.660		1553.584		1296.542
12-2018		0.000		25.203		17.050		0.000		0.000		0.000		182.143		1735.727		1404.495
12-2019		0.000		23.275		16.713		0.000		0.000		0.000		167.049		1902.776		1494.493
12-2020		0.000		21.632		16.427		0.000		0.000		0.000		154.188		2056.964		1570.010
12-2021		0.000		20.111		16.161		0.000		0.000		0.000		142.299		2199.262		1633.368
12-2022		0.000		18.697		15.914		0.000		0.000		0.000		131.265		2330.527		1686.500
12-2023		0.000		17.383		15.684		0.000		0.000		0.000		121.023		2451.550		1731.033
12-2024		0.000		16.161		15.471		0.000		0.000		0.000		111.517		2563.068		1768.339
12-2025		0.000		15.026		15.272		0.000		0.000		0.000		102.693		2665.761		1799.569
12-2026		0.000		13.970		15.087		0.000		0.000		0.000		94.501		2760.262		1825.696
12-2027		0.000		12.989		14.915		0.000		0.000		0.000		86.895		2847.157		1847.536
S TOT		0.000		393.767		258.491		0.000		0.000		0.000		2847.157		2847.157		1847.536
AFTER		0.000		149.101		375.753		0.000		0.000		0.000		786.291		3633.447		1952.883
TOTAL		0.000		542.868		634.244		0.000		0.000		0.000		3633.448		3633.447		1952.883

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		430.704		294.848
GROSS CUM., MB & MMF		22.455		20.308
GROSS RES., MB & MMF		408.249		274.540
NET RES., MB & MMF		57.224		38.482
NET REVENUE, M$		4683.786		126.775
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.017		14.017

		P.W. %		P.W., M$
LIFE, YRS.	42.67		5.00		2513.907
DISCOUNT %	10.00		10.00		1952.883
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		1801.823
DISCOUNTED PAYOUT, YRS.	0.00		15.00		1621.951
UNDISCOUNTED NET/INVEST.	0.00		18.00		1481.644
DISCOUNTED NET/INVEST.	0.00		20.00		1404.023
RATE-OF-RETURN, PCT.	100.00		30.00		1133.169
INITIAL W.I., PCT.	17.545		60.00		778.975
			80.00		668.917
			100.00		596.163

NOMAD 6 0607-6TFH	DATE	:	03/18/2013
163N 99W 31	TIME	:	13:54:14
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		51.763		43.201		7.256		6.055		81.850		2.321		593.873		14.053		607.926
12-2014		32.282		25.796		4.525		3.616		81.850		3.500		370.371		12.655		383.027
12-2015		25.634		19.635		3.593		2.752		81.850		3.500		294.099		9.633		303.732
12-2016		21.926		16.103		3.073		2.257		81.850		3.500		251.557		7.900		259.457
12-2017		19.474		13.714		2.730		1.922		81.850		3.500		223.425		6.728		230.153
12-2018		17.697		11.950		2.481		1.675		81.850		3.500		203.038		5.863		208.901
12-2019		16.331		10.575		2.289		1.482		81.850		3.500		187.369		5.188		192.557
12-2020		15.181		9.427		2.128		1.321		81.850		3.500		174.174		4.625		178.798
12-2021		14.119		8.407		1.979		1.178		81.850		3.500		161.982		4.124		166.106
12-2022		13.130		7.498		1.840		1.051		81.850		3.500		150.643		3.678		154.321
12-2023		12.211		6.686		1.712		0.937		81.850		3.500		140.098		3.280		143.378
12-2024		11.356		5.963		1.592		0.836		81.850		3.500		130.291		2.926		133.217
12-2025		10.562		5.318		1.480		0.745		81.850		3.500		121.171		2.609		123.780
12-2026		9.822		4.743		1.377		0.665		81.850		3.500		112.689		2.327		115.016
12-2027		9.135		4.230		1.280		0.593		81.850		3.500		104.801		2.075		106.876
S TOT		280.626		193.246		39.335		27.087		81.850		3.236		3219.579		87.664		3307.242
AFTER		104.152		33.272		14.599		4.664		81.850		3.500		1194.920		16.323		1211.243
TOTAL		384.778		226.518		53.934		31.751		81.850		3.275		4414.499		103.987		4518.485

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		68.961		21.171		0.000		0.000		0.000		517.793		517.793		496.639
12-2014		0.000		42.990		17.250		0.000		0.000		0.000		322.787		840.580		777.195
12-2015		0.000		34.124		16.040		0.000		0.000		0.000		253.567		1094.147		977.380
12-2016		0.000		29.177		15.404		0.000		0.000		0.000		214.876		1309.023		1131.537
12-2017		0.000		25.905		15.001		0.000		0.000		0.000		189.246		1498.269		1254.936
12-2018		0.000		23.534		14.719		0.000		0.000		0.000		170.648		1668.917		1356.077
12-2019		0.000		21.710		14.508		0.000		0.000		0.000		156.338		1825.254		1440.305
12-2020		0.000		20.175		14.344		0.000		0.000		0.000		144.279		1969.533		1510.968
12-2021		0.000		18.758		14.211		0.000		0.000		0.000		133.137		2102.670		1570.247
12-2022		0.000		17.440		14.099		0.000		0.000		0.000		122.782		2225.453		1619.946
12-2023		0.000		16.214		13.997		0.000		0.000		0.000		113.167		2338.620		1661.589
12-2024		0.000		15.075		13.901		0.000		0.000		0.000		104.240		2442.860		1696.460
12-2025		0.000		14.017		13.812		0.000		0.000		0.000		95.951		2538.811		1725.640
12-2026		0.000		13.032		13.730		0.000		0.000		0.000		88.253		2627.064		1750.040
12-2027		0.000		12.117		13.653		0.000		0.000		0.000		81.105		2708.170		1770.425
S TOT		0.000		373.231		225.842		0.000		0.000		0.000		2708.170		2708.170		1770.425
AFTER		0.000		137.929		351.658		0.000		0.000		0.000		721.656		3429.826		1868.028
TOTAL		0.000		511.160		577.500		0.000		0.000		0.000		3429.826		3429.826		1868.028

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		411.342		248.636
GROSS CUM., MB & MMF		26.564		22.118
GROSS RES., MB & MMF		384.778		226.518
NET RES., MB & MMF		53.934		31.751
NET REVENUE, M$		4414.500		103.987
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.017		14.017

		P.W. %		P.W., M$
LIFE, YRS.	41.92		5.00		2391.774
DISCOUNT %	10.00		10.00		1868.028
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		1726.582
DISCOUNTED PAYOUT, YRS.	0.00		15.00		1557.914
UNDISCOUNTED NET/INVEST.	0.00		18.00		1426.156
DISCOUNTED NET/INVEST.	0.00		20.00		1353.189
RATE-OF-RETURN, PCT.	100.00		30.00		1098.085
INITIAL W.I., PCT.	17.545		60.00		762.886
			80.00		658.150
			100.00		588.690

NOMAD 6-7 163-99H	DATE	:	03/18/2013
163N 99W 6	TIME	:	13:54:14
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		67.689		46.885		15.609		10.812		81.850		2.449		1277.612		26.473		1304.085
12-2014		48.943		32.546		11.286		7.505		81.850		3.500		923.781		26.268		950.049
12-2015		40.379		25.790		9.311		5.947		81.850		3.500		762.134		20.815		782.950
12-2016		35.173		21.580		8.111		4.976		81.850		3.500		663.875		17.417		681.293
12-2017		31.576		18.611		7.281		4.292		81.850		3.500		595.990		15.021		611.011
12-2018		28.899		16.364		6.664		3.773		81.850		3.500		545.456		13.207		558.663
12-2019		26.784		14.570		6.176		3.360		81.850		3.500		505.538		11.760		517.298
12-2020		24.909		13.018		5.744		3.002		81.850		3.500		470.144		10.507		480.650
12-2021		23.165		11.631		5.342		2.682		81.850		3.500		437.234		9.388		446.621
12-2022		21.544		10.392		4.968		2.396		81.850		3.500		406.627		8.388		415.015
12-2023		20.036		9.285		4.620		2.141		81.850		3.500		378.163		7.494		385.658
12-2024		18.633		8.296		4.297		1.913		81.850		3.500		351.692		6.696		358.388
12-2025		17.329		7.413		3.996		1.709		81.850		3.500		327.073		5.983		333.056
12-2026		16.116		6.623		3.716		1.527		81.850		3.500		304.178		5.345		309.524
12-2027		14.988		5.917		3.456		1.365		81.850		3.500		282.886		4.776		287.662
S TOT		436.162		248.922		100.579		57.401		81.850		3.302		8232.384		189.537		8421.921
AFTER		180.407		48.371		41.602		11.154		81.850		3.500		3405.104		39.040		3444.143
TOTAL		616.568		297.293		142.181		68.556		81.850		3.334		11637.487		228.577		11866.064

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		148.115		39.346		0.000		0.000		0.000		1116.624		1116.624		1068.536
12-2014		0.000		107.060		34.559		0.000		0.000		0.000		808.430		1925.054		1770.859
12-2015		0.000		88.300		32.013		0.000		0.000		0.000		662.637		2587.691		2293.880
12-2016		0.000		76.893		30.391		0.000		0.000		0.000		574.009		3161.700		2705.633
12-2017		0.000		69.011		29.251		0.000		0.000		0.000		512.749		3674.448		3039.941
12-2018		0.000		63.142		28.398		0.000		0.000		0.000		467.122		4141.570		3316.780
12-2019		0.000		58.506		27.732		0.000		0.000		0.000		431.060		4572.630		3549.007
12-2020		0.000		54.397		27.194		0.000		0.000		0.000		399.060		4971.690		3744.450
12-2021		0.000		50.577		26.749		0.000		0.000		0.000		369.296		5340.985		3908.874
12-2022		0.000		47.026		26.373		0.000		0.000		0.000		341.616		5682.601		4047.147
12-2023		0.000		43.724		26.052		0.000		0.000		0.000		315.881		5998.482		4163.381
12-2024		0.000		40.655		25.773		0.000		0.000		0.000		291.960		6290.442		4261.047
12-2025		0.000		37.801		25.527		0.000		0.000		0.000		269.727		6560.169		4343.073
12-2026		0.000		35.149		25.310		0.000		0.000		0.000		249.065		6809.234		4411.930
12-2027		0.000		32.682		25.116		0.000		0.000		0.000		229.864		7039.099		4469.702
S TOT		0.000		953.038		429.783		0.000		0.000		0.000		7039.099		7039.099		4469.702
AFTER		0.000		392.814		768.605		0.000		0.000		0.000		2282.725		9321.824		4759.683
TOTAL		0.000		1345.852		1198.388		0.000		0.000		0.000		9321.823		9321.824		4759.683

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		727.111		383.863
GROSS CUM., MB & MMF		110.543		86.570
GROSS RES., MB & MMF		616.568		297.293
NET RES., MB & MMF		142.181		68.556
NET REVENUE, M$		11637.485		228.577
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		23.060		23.060

		P.W. %		P.W., M$
LIFE, YRS.	47.58		5.00		6243.179
DISCOUNT %	10.00		10.00		4759.684
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		4366.693
DISCOUNTED PAYOUT, YRS.	0.00		15.00		3902.172
UNDISCOUNTED NET/INVEST.	0.00		18.00		3542.399
DISCOUNTED NET/INVEST.	0.00		20.00		3344.343
RATE-OF-RETURN, PCT.	100.00		30.00		2659.024
INITIAL W.I., PCT.	28.820		60.00		1779.351
			80.00		1511.174
			100.00		1335.669

OLSON 15-22	DATE	:	03/18/2013
162N 100W 15	TIME	:	13:54:14
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		14.504		10.147		0.091		0.063		81.850		2.460		7.420		0.156		7.576
12-2014		10.605		7.185		0.066		0.045		81.850		3.500		5.425		0.157		5.582
12-2015		8.783		5.764		0.055		0.036		81.850		3.500		4.493		0.126		4.619
12-2016		7.665		4.873		0.048		0.030		81.850		3.500		3.921		0.107		4.028
12-2017		6.889		4.243		0.043		0.027		81.850		3.500		3.524		0.093		3.617
12-2018		6.310		3.765		0.039		0.024		81.850		3.500		3.228		0.082		3.310
12-2019		5.851		3.382		0.037		0.021		81.850		3.500		2.993		0.074		3.067
12-2020		5.441		3.047		0.034		0.019		81.850		3.500		2.783		0.067		2.850
12-2021		5.060		2.746		0.032		0.017		81.850		3.500		2.589		0.060		2.649
12-2022		4.706		2.474		0.029		0.015		81.850		3.500		2.407		0.054		2.461
12-2023		4.377		2.229		0.027		0.014		81.850		3.500		2.239		0.049		2.288
12-2024		4.070		2.008		0.025		0.013		81.850		3.500		2.082		0.044		2.126
12-2025		3.785		1.810		0.024		0.011		81.850		3.500		1.936		0.040		1.976
12-2026		3.520		1.631		0.022		0.010		81.850		3.500		1.801		0.036		1.837
12-2027		3.274		1.469		0.020		0.009		81.850		3.500		1.675		0.032		1.707
S TOT		94.840		56.773		0.593		0.355		81.850		3.314		48.517		1.176		49.692
AFTER		23.560		9.013		0.147		0.056		81.850		3.500		12.052		0.197		12.249
TOTAL		118.400		65.786		0.740		0.411		81.850		3.340		60.569		1.373		61.942

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.860		1.220		0.000		0.000		0.000		5.495		5.495		5.259
12-2014		0.000		0.629		1.040		0.000		0.000		0.000		3.913		9.409		8.659
12-2015		0.000		0.521		0.948		0.000		0.000		0.000		3.150		12.559		11.146
12-2016		0.000		0.454		0.891		0.000		0.000		0.000		2.683		15.241		13.070
12-2017		0.000		0.408		0.851		0.000		0.000		0.000		2.358		17.599		14.608
12-2018		0.000		0.374		0.821		0.000		0.000		0.000		2.115		19.714		15.862
12-2019		0.000		0.347		0.798		0.000		0.000		0.000		1.922		21.636		16.897
12-2020		0.000		0.322		0.780		0.000		0.000		0.000		1.748		23.384		17.753
12-2021		0.000		0.300		0.765		0.000		0.000		0.000		1.584		24.969		18.459
12-2022		0.000		0.279		0.752		0.000		0.000		0.000		1.431		26.400		19.038
12-2023		0.000		0.259		0.741		0.000		0.000		0.000		1.288		27.687		19.512
12-2024		0.000		0.241		0.731		0.000		0.000		0.000		1.154		28.841		19.898
12-2025		0.000		0.224		0.723		0.000		0.000		0.000		1.029		29.870		20.211
12-2026		0.000		0.208		0.716		0.000		0.000		0.000		0.913		30.783		20.464
12-2027		0.000		0.194		0.709		0.000		0.000		0.000		0.804		31.587		20.666
S TOT		0.000		5.618		12.487		0.000		0.000		0.000		31.587		31.587		20.666
AFTER		0.000		1.392		7.336		0.000		0.000		0.000		3.521		35.108		21.295
TOTAL		0.000		7.011		19.823		0.000		0.000		0.000		35.108		35.108		21.295

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		151.261		85.154
GROSS CUM., MB & MMF		32.861		19.368
GROSS RES., MB & MMF		118.400		65.786
NET RES., MB & MMF		0.740		0.411
NET REVENUE, M$		60.569		1.373
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.625		0.625

		P.W. %		P.W., M$
LIFE, YRS.	25.75		5.00		26.450
DISCOUNT %	10.00		10.00		21.295
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		19.798
DISCOUNTED PAYOUT, YRS.	0.00		15.00		17.952
UNDISCOUNTED NET/INVEST.	0.00		18.00		16.469
DISCOUNTED NET/INVEST.	0.00		20.00		15.632
RATE-OF-RETURN, PCT.	100.00		30.00		12.637
INITIAL W.I., PCT.	0.781		60.00		8.602
			80.00		7.339
			100.00		6.504

RIDGEWAY 25-36H S25-36	DATE	:	03/18/2013
163N 101W 25	TIME	:	13:54:14
BAKKEN	DBS	:	MHA
CRESCENT POINT ENERGY US	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		27.150		8.465		0.407		0.127		81.850		2.425		33.333		0.308		33.641
12-2014		18.973		5.709		0.285		0.086		81.850		3.500		23.294		0.300		23.593
12-2015		15.487		4.500		0.232		0.068		81.850		3.500		19.015		0.236		19.251
12-2016		13.420		3.766		0.201		0.056		81.850		3.500		16.476		0.198		16.674
12-2017		12.009		3.255		0.180		0.049		81.850		3.500		14.744		0.171		14.915
12-2018		10.968		2.871		0.165		0.043		81.850		3.500		13.465		0.151		13.616
12-2019		10.153		2.567		0.152		0.038		81.850		3.500		12.465		0.135		12.600
12-2020		9.441		2.305		0.142		0.035		81.850		3.500		11.592		0.121		11.713
12-2021		8.780		2.071		0.132		0.031		81.850		3.500		10.780		0.109		10.889
12-2022		8.166		1.860		0.122		0.028		81.850		3.500		10.026		0.098		10.123
12-2023		7.594		1.671		0.114		0.025		81.850		3.500		9.324		0.088		9.412
12-2024		7.063		1.501		0.106		0.023		81.850		3.500		8.671		0.079		8.750
12-2025		6.568		1.348		0.099		0.020		81.850		3.500		8.064		0.071		8.135
12-2026		6.108		1.211		0.092		0.018		81.850		3.500		7.500		0.064		7.563
12-2027		5.681		1.087		0.085		0.016		81.850		3.500		6.975		0.057		7.032
S TOT		167.561		44.185		2.513		0.663		81.850		3.294		205.723		2.183		207.906
AFTER		57.142		8.414		0.857		0.126		81.850		3.500		70.156		0.442		70.598
TOTAL		224.703		52.599		3.371		0.789		81.850		3.327		275.879		2.625		278.504

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		3.847		4.029		0.000		0.000		0.000		25.765		25.765		24.673
12-2014		0.000		2.688		3.118		0.000		0.000		0.000		17.787		43.552		40.129
12-2015		0.000		2.194		2.726		0.000		0.000		0.000		14.331		57.882		51.441
12-2016		0.000		1.901		2.498		0.000		0.000		0.000		12.274		70.157		60.246
12-2017		0.000		1.701		2.347		0.000		0.000		0.000		10.868		81.024		67.332
12-2018		0.000		1.553		2.237		0.000		0.000		0.000		9.826		90.850		73.156
12-2019		0.000		1.438		2.153		0.000		0.000		0.000		9.009		99.859		78.010
12-2020		0.000		1.337		2.086		0.000		0.000		0.000		8.289		108.149		82.070
12-2021		0.000		1.243		2.032		0.000		0.000		0.000		7.614		115.763		85.460
12-2022		0.000		1.156		1.984		0.000		0.000		0.000		6.983		122.746		88.287
12-2023		0.000		1.075		1.940		0.000		0.000		0.000		6.397		129.142		90.641
12-2024		0.000		1.000		1.899		0.000		0.000		0.000		5.852		134.994		92.598
12-2025		0.000		0.930		1.860		0.000		0.000		0.000		5.345		140.339		94.224
12-2026		0.000		0.864		1.824		0.000		0.000		0.000		4.874		145.214		95.572
12-2027		0.000		0.804		1.791		0.000		0.000		0.000		4.437		149.650		96.687
S TOT		0.000		23.731		34.525		0.000		0.000		0.000		149.650		149.650		96.687
AFTER		0.000		8.082		30.763		0.000		0.000		0.000		31.753		181.403		101.467
TOTAL		0.000		31.813		65.288		0.000		0.000		0.000		181.403		181.403		101.467

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		257.299		67.042
GROSS CUM., MB & MMF		32.596		14.443
GROSS RES., MB & MMF		224.703		52.599
NET RES., MB & MMF		3.371		0.789
NET REVENUE, M$		275.879		2.625
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		1.500		1.500

		P.W. %		P.W., M$
LIFE, YRS.	34.50		5.00		129.411
DISCOUNT %	10.00		10.00		101.467
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		93.731
DISCOUNTED PAYOUT, YRS.	0.00		15.00		84.417
UNDISCOUNTED NET/INVEST.	0.00		18.00		77.085
DISCOUNTED NET/INVEST.	0.00		20.00		73.007
RATE-OF-RETURN, PCT.	100.00		30.00		58.694
INITIAL W.I., PCT.	1.875		60.00		39.911
			80.00		34.097
			100.00		30.268

RIEDE 4-14H	DATE	:	03/18/2013
163N 100W 14	TIME	:	13:54:14
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		74.861		51.767		0.203		0.140		81.850		2.526		16.576		0.354		16.930
12-2014		61.202		40.635		0.166		0.110		81.850		3.500		13.552		0.385		13.936
12-2015		53.069		33.836		0.144		0.092		81.850		3.500		11.751		0.320		12.071
12-2016		47.513		29.091		0.129		0.079		81.850		3.500		10.521		0.275		10.796
12-2017		43.404		25.522		0.117		0.069		81.850		3.500		9.611		0.242		9.853
12-2018		40.187		22.694		0.109		0.061		81.850		3.500		8.898		0.215		9.113
12-2019		37.371		20.268		0.101		0.055		81.850		3.500		8.275		0.192		8.467
12-2020		34.755		18.103		0.094		0.049		81.850		3.500		7.696		0.171		7.867
12-2021		32.323		16.169		0.087		0.044		81.850		3.500		7.157		0.153		7.310
12-2022		30.060		14.442		0.081		0.039		81.850		3.500		6.656		0.137		6.793
12-2023		27.956		12.899		0.076		0.035		81.850		3.500		6.190		0.122		6.312
12-2024		25.999		11.521		0.070		0.031		81.850		3.500		5.757		0.109		5.866
12-2025		24.179		10.290		0.065		0.028		81.850		3.500		5.354		0.097		5.451
12-2026		22.486		9.191		0.061		0.025		81.850		3.500		4.979		0.087		5.066
12-2027		20.912		8.209		0.057		0.022		81.850		3.500		4.631		0.078		4.708
S TOT		576.277		324.638		1.559		0.878		81.850		3.345		127.603		2.937		130.541
AFTER		255.923		67.323		0.692		0.182		81.850		3.500		56.668		0.637		57.306
TOTAL		832.200		391.962		2.251		1.060		81.850		3.371		184.272		3.575		187.847

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		1.922		0.493		0.000		0.000		0.000		14.516		14.516		13.868
12-2014		0.000		1.571		0.430		0.000		0.000		0.000		11.936		26.452		24.232
12-2015		0.000		1.361		0.396		0.000		0.000		0.000		10.314		36.765		32.370
12-2016		0.000		1.219		0.375		0.000		0.000		0.000		9.202		45.967		38.970
12-2017		0.000		1.113		0.360		0.000		0.000		0.000		8.380		54.347		44.432
12-2018		0.000		1.030		0.349		0.000		0.000		0.000		7.734		62.081		49.016
12-2019		0.000		0.958		0.340		0.000		0.000		0.000		7.169		69.251		52.878
12-2020		0.000		0.890		0.333		0.000		0.000		0.000		6.644		75.894		56.132
12-2021		0.000		0.828		0.327		0.000		0.000		0.000		6.155		82.050		58.872
12-2022		0.000		0.770		0.321		0.000		0.000		0.000		5.702		87.751		61.180
12-2023		0.000		0.716		0.316		0.000		0.000		0.000		5.280		93.031		63.123
12-2024		0.000		0.665		0.312		0.000		0.000		0.000		4.889		97.920		64.758
12-2025		0.000		0.619		0.307		0.000		0.000		0.000		4.525		102.446		66.135
12-2026		0.000		0.575		0.303		0.000		0.000		0.000		4.188		106.634		67.292
12-2027		0.000		0.535		0.299		0.000		0.000		0.000		3.874		110.508		68.266
S TOT		0.000		14.771		5.262		0.000		0.000		0.000		110.508		110.508		68.266
AFTER		0.000		6.537		9.307		0.000		0.000		0.000		41.462		151.969		73.295
TOTAL		0.000		21.308		14.569		0.000		0.000		0.000		151.969		151.969		73.295

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		994.547		530.289
GROSS CUM., MB & MMF		162.347		138.327
GROSS RES., MB & MMF		832.200		391.962
NET RES., MB & MMF		2.251		1.060
NET REVENUE, M$		184.272		3.575
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.271		0.271

		P.W. %		P.W., M$
LIFE, YRS.	50.00		5.00		98.260
DISCOUNT %	10.00		10.00		73.295
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		66.779
DISCOUNTED PAYOUT, YRS.	0.00		15.00		59.129
UNDISCOUNTED NET/INVEST.	0.00		18.00		53.246
DISCOUNTED NET/INVEST.	0.00		20.00		50.023
RATE-OF-RETURN, PCT.	100.00		30.00		38.975
INITIAL W.I., PCT.	0.345		60.00		25.120
			80.00		21.006
			100.00		18.352

SILAS 3-2N	DATE	:	03/18/2013
163N 101W 2	TIME	:	13:54:14
BAKKEN	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		23.813		20.871		4.341		3.812		81.850		2.120		355.284		8.081		363.365
12-2014		13.809		11.544		1.095		0.920		81.850		3.500		89.635		3.221		92.855
12-2015		10.829		8.651		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2016		9.212		7.034		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2017		8.157		5.954		1.824		1.321		81.850		3.500		149.270		4.623		153.893
12-2018		7.398		5.162		2.527		1.763		81.850		3.500		206.845		6.171		213.016
12-2019		6.818		4.547		2.329		1.553		81.850		3.500		190.626		5.437		196.063
12-2020		6.336		4.040		2.164		1.380		81.850		3.500		177.152		4.830		181.982
12-2021		5.892		3.592		2.013		1.227		81.850		3.500		164.751		4.294		169.046
12-2022		5.480		3.193		1.872		1.091		81.850		3.500		153.219		3.818		157.037
12-2023		5.096		2.839		1.741		0.970		81.850		3.500		142.493		3.395		145.888
12-2024		4.740		2.524		1.619		0.862		81.850		3.500		132.519		3.018		135.537
12-2025		4.408		2.244		1.506		0.767		81.850		3.500		123.242		2.683		125.926
12-2026		4.099		1.995		1.400		0.682		81.850		3.500		114.615		2.386		117.001
12-2027		3.812		1.774		1.302		0.606		81.850		3.500		106.592		2.121		108.713
S TOT		119.899		85.966		25.733		16.954		81.850		3.190		2106.244		54.078		2160.322
AFTER		32.642		11.557		11.150		3.948		81.850		3.500		912.663		13.818		926.481
TOTAL		152.541		97.523		36.883		20.902		81.850		3.248		3018.907		67.896		3086.802

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		41.277		61.918		0.000		0.000		0.000		260.169		260.169		251.216
12-2014		0.000		10.409		44.888		0.000		0.000		0.000		37.558		297.727		284.693
12-2015		0.000		0.000		40.898		0.000		0.000		0.000		-40.898		256.829		252.438
12-2016		0.000		0.000		38.905		0.000		0.000		0.000		-38.905		217.924		224.549
12-2017		0.000		17.311		37.671		0.000		0.000		0.000		98.910		316.835		287.593
12-2018		0.000		23.981		36.819		0.000		0.000		0.000		152.216		469.051		377.818
12-2019		0.000		22.093		36.189		0.000		0.000		0.000		137.781		606.832		452.055
12-2020		0.000		20.524		35.701		0.000		0.000		0.000		125.757		732.589		513.652
12-2021		0.000		19.081		35.309		0.000		0.000		0.000		114.655		847.244		564.708
12-2022		0.000		17.740		34.986		0.000		0.000		0.000		104.310		951.555		606.934
12-2023		0.000		16.493		34.715		0.000		0.000		0.000		94.679		1046.234		641.779
12-2024		0.000		15.335		34.484		0.000		0.000		0.000		85.718		1131.952		670.458
12-2025		0.000		14.257		34.283		0.000		0.000		0.000		77.385		1209.337		693.996
12-2026		0.000		13.256		34.108		0.000		0.000		0.000		69.637		1278.974		713.252
12-2027		0.000		12.325		33.953		0.000		0.000		0.000		62.436		1341.411		728.948
S TOT		0.000		244.083		574.828		0.000		0.000		0.000		1341.411		1341.411		728.948
AFTER		0.000		105.391		473.351		0.000		0.000		0.000		347.739		1689.149		786.650
TOTAL		0.000		349.473		1048.180		0.000		0.000		0.000		1689.149		1689.149		786.650

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		157.623		101.400
GROSS CUM., MB & MMF		5.082		3.877
GROSS RES., MB & MMF		152.541		97.523
NET RES., MB & MMF		36.883		20.902
NET REVENUE, M$		3018.907		67.896
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		20.010		20.010

		P.W. %		P.W., M$
LIFE, YRS.	29.25		5.00		1097.808
DISCOUNT %	10.00		10.00		786.650
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		703.835
DISCOUNTED PAYOUT, YRS.	0.00		15.00		607.557
UNDISCOUNTED NET/INVEST.	0.00		18.00		535.346
DISCOUNTED NET/INVEST.	0.00		20.00		496.930
RATE-OF-RETURN, PCT.	100.00		30.00		375.228
INITIAL W.I., PCT.	42.700		60.00		258.626
			80.00		233.832
			100.00		219.632

SIOUX TRAIL 1-1-12H	DATE	:	03/18/2013
160N 101W 1	TIME	:	13:54:14
BAKKEN	DBS	:	MHA
HUNT OIL CO	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		24.054		9.662		0.096		0.039		81.850		2.362		7.875		0.091		7.967
12-2014		15.644		6.039		0.063		0.024		81.850		3.500		5.122		0.085		5.206
12-2015		12.533		4.654		0.050		0.019		81.850		3.500		4.103		0.065		4.169
12-2016		10.764		3.845		0.043		0.015		81.850		3.500		3.524		0.054		3.578
12-2017		9.582		3.293		0.038		0.013		81.850		3.500		3.137		0.046		3.183
12-2018		8.721		2.884		0.035		0.012		81.850		3.500		2.855		0.040		2.896
12-2019		8.056		2.563		0.032		0.010		81.850		3.500		2.638		0.036		2.673
12-2020		7.490		2.293		0.030		0.009		81.850		3.500		2.452		0.032		2.484
12-2021		6.966		2.052		0.028		0.008		81.850		3.500		2.281		0.029		2.309
12-2022		6.478		1.836		0.026		0.007		81.850		3.500		2.121		0.026		2.147
12-2023		6.025		1.643		0.024		0.007		81.850		3.500		1.972		0.023		1.995
12-2024		5.603		1.470		0.022		0.006		81.850		3.500		1.834		0.021		1.855
12-2025		5.211		1.315		0.021		0.005		81.850		3.500		1.706		0.018		1.724
12-2026		4.846		1.177		0.019		0.005		81.850		3.500		1.587		0.016		1.603
12-2027		4.507		1.053		0.018		0.004		81.850		3.500		1.476		0.015		1.490
S TOT		136.481		45.780		0.546		0.183		81.850		3.260		44.684		0.597		45.281
AFTER		41.464		7.490		0.166		0.030		81.850		3.500		13.575		0.105		13.680
TOTAL		177.945		53.270		0.712		0.213		81.850		3.294		58.259		0.702		58.961

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.910		1.119		0.000		0.000		0.000		5.938		5.938		5.692
12-2014		0.000		0.592		0.785		0.000		0.000		0.000		3.830		9.768		9.021
12-2015		0.000		0.474		0.676		0.000		0.000		0.000		3.019		12.787		11.404
12-2016		0.000		0.407		0.618		0.000		0.000		0.000		2.553		15.340		13.236
12-2017		0.000		0.362		0.581		0.000		0.000		0.000		2.240		17.580		14.697
12-2018		0.000		0.330		0.555		0.000		0.000		0.000		2.011		19.592		15.889
12-2019		0.000		0.304		0.535		0.000		0.000		0.000		1.834		21.426		16.877
12-2020		0.000		0.283		0.520		0.000		0.000		0.000		1.681		23.107		17.701
12-2021		0.000		0.263		0.508		0.000		0.000		0.000		1.539		24.646		18.386
12-2022		0.000		0.245		0.497		0.000		0.000		0.000		1.405		26.051		18.954
12-2023		0.000		0.228		0.488		0.000		0.000		0.000		1.280		27.331		19.426
12-2024		0.000		0.212		0.479		0.000		0.000		0.000		1.165		28.496		19.815
12-2025		0.000		0.197		0.470		0.000		0.000		0.000		1.057		29.553		20.137
12-2026		0.000		0.183		0.463		0.000		0.000		0.000		0.958		30.511		20.402
12-2027		0.000		0.170		0.455		0.000		0.000		0.000		0.865		31.375		20.619
S TOT		0.000		5.159		8.747		0.000		0.000		0.000		31.375		31.375		20.619
AFTER		0.000		1.564		6.728		0.000		0.000		0.000		5.388		36.763		21.478
TOTAL		0.000		6.723		15.474		0.000		0.000		0.000		36.763		36.763		21.478

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		179.364		53.836
GROSS CUM., MB & MMF		1.419		0.566
GROSS RES., MB & MMF		177.945		53.270
NET RES., MB & MMF		0.712		0.213
NET REVENUE, M$		58.259		0.702
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.400		0.400

		P.W. %		P.W., M$
LIFE, YRS.	31.25		5.00		26.951
DISCOUNT %	10.00		10.00		21.478
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		19.935
DISCOUNTED PAYOUT, YRS.	0.00		15.00		18.062
UNDISCOUNTED NET/INVEST.	0.00		18.00		16.575
DISCOUNTED NET/INVEST.	0.00		20.00		15.743
RATE-OF-RETURN, PCT.	100.00		30.00		12.798
INITIAL W.I., PCT.	0.500		60.00		8.867
			80.00		7.632
			100.00		6.813

THOMTE 8-5 163-99H	DATE	:	03/18/2013
163N 99W 8	TIME	:	13:54:14
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		68.175		51.592		3.404		2.576		81.850		2.452		278.633		6.317		284.950
12-2014		49.560		35.976		2.475		1.796		81.850		3.500		202.553		6.287		208.841
12-2015		40.961		28.534		2.045		1.425		81.850		3.500		167.409		4.987		172.396
12-2016		35.712		23.878		1.783		1.192		81.850		3.500		145.958		4.173		150.131
12-2017		32.078		20.586		1.602		1.028		81.850		3.500		131.105		3.598		134.703
12-2018		29.369		18.091		1.467		0.903		81.850		3.500		120.033		3.162		123.195
12-2019		27.225		16.097		1.359		0.804		81.850		3.500		111.270		2.813		114.083
12-2020		25.319		14.370		1.264		0.718		81.850		3.500		103.480		2.511		105.991
12-2021		23.547		12.828		1.176		0.641		81.850		3.500		96.236		2.242		98.478
12-2022		21.898		11.451		1.093		0.572		81.850		3.500		89.500		2.001		91.501
12-2023		20.366		10.223		1.017		0.510		81.850		3.500		83.235		1.787		85.022
12-2024		18.940		9.126		0.946		0.456		81.850		3.500		77.409		1.595		79.003
12-2025		17.614		8.147		0.880		0.407		81.850		3.500		71.990		1.424		73.414
12-2026		16.381		7.273		0.818		0.363		81.850		3.500		66.951		1.271		68.222
12-2027		15.234		6.492		0.761		0.324		81.850		3.500		62.264		1.135		63.399
S TOT		442.380		274.663		22.090		13.715		81.850		3.303		1808.027		45.302		1853.329
AFTER		176.971		51.909		8.837		2.592		81.850		3.500		723.288		9.072		732.360
TOTAL		619.351		326.572		30.926		16.307		81.850		3.334		2531.315		54.374		2585.689

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		32.326		12.114		0.000		0.000		0.000		240.511		240.511		230.135
12-2014		0.000		23.491		10.761		0.000		0.000		0.000		174.589		415.099		381.810
12-2015		0.000		19.409		10.029		0.000		0.000		0.000		142.958		558.057		494.648
12-2016		0.000		16.916		9.544		0.000		0.000		0.000		123.670		681.728		583.361
12-2017		0.000		15.190		9.191		0.000		0.000		0.000		110.322		792.049		655.291
12-2018		0.000		13.903		8.917		0.000		0.000		0.000		100.375		892.424		714.779
12-2019		0.000		12.884		8.696		0.000		0.000		0.000		92.503		984.927		764.614
12-2020		0.000		11.979		8.512		0.000		0.000		0.000		85.500		1070.428		806.489
12-2021		0.000		11.138		8.356		0.000		0.000		0.000		78.985		1149.413		841.657
12-2022		0.000		10.355		8.220		0.000		0.000		0.000		72.926		1222.339		871.175
12-2023		0.000		9.628		8.102		0.000		0.000		0.000		67.292		1289.630		895.936
12-2024		0.000		8.952		7.996		0.000		0.000		0.000		62.055		1351.685		916.695
12-2025		0.000		8.324		7.902		0.000		0.000		0.000		57.188		1408.873		934.087
12-2026		0.000		7.739		7.817		0.000		0.000		0.000		52.665		1461.538		948.647
12-2027		0.000		7.196		7.739		0.000		0.000		0.000		48.463		1510.001		960.828
S TOT		0.000		209.432		133.896		0.000		0.000		0.000		1510.001		1510.001		960.828
AFTER		0.000		83.463		203.159		0.000		0.000		0.000		445.738		1955.739		1020.004
TOTAL		0.000		292.895		337.055		0.000		0.000		0.000		1955.740		1955.739		1020.004

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		771.049		445.712
GROSS CUM., MB & MMF		151.698		119.140
GROSS RES., MB & MMF		619.351		326.572
NET RES., MB & MMF		30.926		16.307
NET REVENUE, M$		2531.314		54.374
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		4.993		4.993

		P.W. %		P.W., M$
LIFE, YRS.	43.58		5.00		1330.316
DISCOUNT %	10.00		10.00		1020.003
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		936.909
DISCOUNTED PAYOUT, YRS.	0.00		15.00		838.276
UNDISCOUNTED NET/INVEST.	0.00		18.00		761.609
DISCOUNTED NET/INVEST.	0.00		20.00		719.313
RATE-OF-RETURN, PCT.	100.00		30.00		572.539
INITIAL W.I., PCT.	6.361		60.00		383.403
			80.00		325.624
			100.00		287.790

TITAN 36-25 164-99H	DATE	:	03/18/2013
163N 99W 1	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		36.766		57.056		0.054		0.083		81.850		2.471		4.384		0.205		4.590
12-2014		27.573		40.788		0.040		0.059		81.850		3.500		3.288		0.208		3.496
12-2015		23.041		32.503		0.034		0.047		81.850		3.500		2.747		0.166		2.913
12-2016		20.203		27.182		0.029		0.040		81.850		3.500		2.409		0.139		2.548
12-2017		18.211		23.369		0.027		0.034		81.850		3.500		2.172		0.119		2.291
12-2018		16.713		20.456		0.024		0.030		81.850		3.500		1.993		0.104		2.097
12-2019		15.510		18.107		0.023		0.026		81.850		3.500		1.850		0.092		1.942
12-2020		14.424		16.063		0.021		0.023		81.850		3.500		1.720		0.082		1.802
12-2021		13.415		14.249		0.020		0.021		81.850		3.500		1.600		0.073		1.672
12-2022		12.476		12.640		0.018		0.018		81.850		3.500		1.488		0.064		1.552
12-2023		11.602		11.213		0.017		0.016		81.850		3.500		1.384		0.057		1.441
12-2024		10.790		9.947		0.016		0.014		81.850		3.500		1.287		0.051		1.337
12-2025		10.035		8.824		0.015		0.013		81.850		3.500		1.197		0.045		1.242
12-2026		9.332		7.827		0.014		0.011		81.850		3.500		1.113		0.040		1.153
12-2027		8.679		6.944		0.013		0.010		81.850		3.500		1.035		0.035		1.070
S TOT		248.770		307.167		0.362		0.448		81.850		3.309		29.665		1.481		31.146
AFTER		97.939		52.156		0.143		0.076		81.850		3.500		11.679		0.266		11.945
TOTAL		346.710		359.323		0.505		0.523		81.850		3.337		41.344		1.747		43.090

END	AD VALOREM		PRODUCTION		DIRECT OPER			INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE			PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$			M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.513		0.212			0.000		0.000		0.000		3.864		3.864		3.695
12-2014		0.000		0.385		0.197			0.000		0.000		0.000		2.915		6.779		6.226
12-2015		0.000		0.321		0.189			0.000		0.000		0.000		2.403		9.182		8.123
12-2016		0.000		0.281		0.183			0.000		0.000		0.000		2.083		11.265		9.618
12-2017		0.000		0.253		0.179			0.000		0.000		0.000		1.858		13.123		10.829
12-2018		0.000		0.232		0.176			0.000		0.000		0.000		1.689		14.812		11.830
12-2019		0.000		0.216		0.173			0.000		0.000		0.000		1.553		16.365		12.667
12-2020		0.000		0.200		0.170	��		0.000		0.000		0.000		1.432		17.797		13.368
12-2021		0.000		0.186		0.167			0.000		0.000		0.000		1.319		19.116		13.955
12-2022		0.000		0.173		0.165			0.000		0.000		0.000		1.214		20.330		14.447
12-2023		0.000		0.161		0.162			0.000		0.000		0.000		1.117		21.447		14.858
12-2024		0.000		0.150		0.160			0.000		0.000		0.000		1.028		22.475		15.202
12-2025		0.000		0.139		0.158			0.000		0.000		0.000		0.944		23.420		15.489
12-2026		0.000		0.129		0.156			0.000		0.000		0.000		0.867		24.287		15.729
12-2027		0.000		0.120		0.154			0.000		0.000		0.000		0.796		25.083		15.929
S TOT		0.000		3.461		2.602			0.000		0.000		0.000		25.083		25.083		15.929
AFTER		0.000		1.351		3.684			0.000		0.000		0.000		6.910		31.992		16.874
TOTAL		0.000		4.812		6.286			0.000		0.000		0.000		31.992		31.992		16.874

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		423.550		456.527
GROSS CUM., MB & MMF		76.840		97.204
GROSS RES., MB & MMF		346.710		359.323
NET RES., MB & MMF		0.505		0.523
NET REVENUE, M$		41.344		1.747
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.146		0.146

		P.W. %		P.W., M$
LIFE, YRS.	41.08		5.00		21.958
DISCOUNT %	10.00		10.00		16.874
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		15.502
DISCOUNTED PAYOUT, YRS.	0.00		15.00		13.867
UNDISCOUNTED NET/INVEST.	0.00		18.00		12.593
DISCOUNTED NET/INVEST.	0.00		20.00		11.889
RATE-OF-RETURN, PCT.	100.00		30.00		9.440
INITIAL W.I., PCT.	0.182		60.00		6.278
			80.00		5.313
			100.00		4.682

TORGESON 1-15H S3-10	DATE	:	03/18/2013
163N 100W 15	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		85.314		51.313		2.968		1.785		81.850		2.508		242.962		4.478		247.440
12-2014		67.555		39.066		2.350		1.359		81.850		3.500		192.388		4.757		197.145
12-2015		57.711		32.094		2.008		1.117		81.850		3.500		164.354		3.908		168.262
12-2016		51.221		27.394		1.782		0.953		81.850		3.500		145.870		3.336		149.206
12-2017		46.526		23.931		1.619		0.833		81.850		3.500		132.499		2.914		135.413
12-2018		42.922		21.233		1.493		0.739		81.850		3.500		122.236		2.586		124.821
12-2019		39.897		18.983		1.388		0.660		81.850		3.500		113.620		2.312		115.932
12-2020		37.104		16.979		1.291		0.591		81.850		3.500		105.667		2.068		107.735
12-2021		34.507		15.188		1.201		0.528		81.850		3.500		98.270		1.850		100.120
12-2022		32.091		13.585		1.117		0.473		81.850		3.500		91.391		1.654		93.046
12-2023		29.845		12.152		1.038		0.423		81.850		3.500		84.994		1.480		86.474
12-2024		27.756		10.869		0.966		0.378		81.850		3.500		79.044		1.324		80.368
12-2025		25.813		9.722		0.898		0.338		81.850		3.500		73.511		1.184		74.695
12-2026		24.006		8.696		0.835		0.303		81.850		3.500		68.366		1.059		69.425
12-2027		22.325		7.779		0.777		0.271		81.850		3.500		63.580		0.947		64.527
S TOT		624.592		308.984		21.732		10.751		81.850		3.335		1778.751		35.857		1814.609
AFTER		273.217		64.606		9.506		2.248		81.850		3.500		778.084		7.868		785.952
TOTAL		897.809		373.590		31.238		12.999		81.850		3.364		2556.836		43.724		2600.561

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		28.137		6.151		0.000		0.000		0.000		213.152		213.152		203.733
12-2014		0.000		22.274		5.673		0.000		0.000		0.000		169.198		382.350		350.665
12-2015		0.000		19.024		5.394		0.000		0.000		0.000		143.844		526.194		464.179
12-2016		0.000		16.880		5.204		0.000		0.000		0.000		127.122		653.317		555.357
12-2017		0.000		15.329		5.057		0.000		0.000		0.000		115.027		768.344		630.347
12-2018		0.000		14.138		4.924		0.000		0.000		0.000		105.759		874.103		693.021
12-2019		0.000		13.139		4.800		0.000		0.000		0.000		97.993		972.096		745.813
12-2020		0.000		12.217		4.684		0.000		0.000		0.000		90.834		1062.930		790.300
12-2021		0.000		11.359		4.577		0.000		0.000		0.000		84.184		1147.114		827.781
12-2022		0.000		10.562		4.477		0.000		0.000		0.000		78.006		1225.120		859.354
12-2023		0.000		9.821		4.385		0.000		0.000		0.000		72.268		1297.389		885.946
12-2024		0.000		9.132		4.298		0.000		0.000		0.000		66.938		1364.327		908.338
12-2025		0.000		8.491		4.218		0.000		0.000		0.000		61.986		1426.313		927.188
12-2026		0.000		7.895		4.144		0.000		0.000		0.000		57.386		1483.698		943.053
12-2027		0.000		7.341		4.074		0.000		0.000		0.000		53.112		1536.810		956.401
S TOT		0.000		205.739		72.059		0.000		0.000		0.000		1536.810		1536.810		956.401
AFTER		0.000		89.727		121.618		0.000		0.000		0.000		574.607		2111.417		1025.646
TOTAL		0.000		295.466		193.677		0.000		0.000		0.000		2111.417		2111.417		1025.646

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		1078.651		504.305
GROSS CUM., MB & MMF		180.843		130.715
GROSS RES., MB & MMF		897.808		373.590
NET RES., MB & MMF		31.238		12.999
NET REVENUE, M$		2556.836		43.724
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		3.479		3.479

		P.W. %		P.W., M$
LIFE, YRS.	50.00		5.00		1369.468
DISCOUNT %	10.00		10.00		1025.646
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		935.929
DISCOUNTED PAYOUT, YRS.	0.00		15.00		830.577
UNDISCOUNTED NET/INVEST.	0.00		18.00		749.495
DISCOUNTED NET/INVEST.	0.00		20.00		705.054
RATE-OF-RETURN, PCT.	100.00		30.00		552.442
INITIAL W.I., PCT.	4.379		60.00		359.958
			80.00		302.378
			100.00		265.082

WOLTER 1-28H S16-21	DATE	:	03/18/2013
163N 100W 28	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		52.293		43.127		0.543		0.448		81.850		2.517		44.429		1.127		45.555
12-2014		42.187		33.260		0.438		0.345		81.850		3.500		35.842		1.208		37.051
12-2015		36.348		27.398		0.377		0.284		81.850		3.500		30.881		0.995		31.877
12-2016		32.419		23.366		0.337		0.243		81.850		3.500		27.543		0.849		28.392
12-2017		29.542		20.360		0.307		0.211		81.850		3.500		25.099		0.740		25.838
12-2018		27.310		17.998		0.283		0.187		81.850		3.500		23.203		0.654		23.857
12-2019		25.394		16.003		0.264		0.166		81.850		3.500		21.575		0.581		22.156
12-2020		23.616		14.232		0.245		0.148		81.850		3.500		20.064		0.517		20.581
12-2021		21.963		12.657		0.228		0.131		81.850		3.500		18.660		0.460		19.120
12-2022		20.426		11.256		0.212		0.117		81.850		3.500		17.354		0.409		17.763
12-2023		18.996		10.011		0.197		0.104		81.850		3.500		16.139		0.364		16.503
12-2024		17.666		8.903		0.183		0.092		81.850		3.500		15.009		0.323		15.333
12-2025		16.429		7.917		0.171		0.082		81.850		3.500		13.959		0.288		14.246
12-2026		15.279		7.041		0.159		0.073		81.850		3.500		12.981		0.256		13.237
12-2027		14.210		6.262		0.147		0.065		81.850		3.500		12.073		0.227		12.300
S TOT		394.078		259.791		4.091		2.697		81.850		3.337		334.810		8.998		343.808
		��
AFTER		170.052		49.118		1.765		0.510		81.850		3.500		144.476		1.784		146.261
TOTAL		564.130		308.909		5.856		3.206		81.850		3.363		479.287		10.783		490.069

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		5.159		1.671		0.000		0.000		0.000		38.726		38.726		37.003
12-2014		0.000		4.160		1.507		0.000		0.000		0.000		31.384		70.110		64.255
12-2015		0.000		3.583		1.412		0.000		0.000		0.000		26.882		96.992		85.467
12-2016		0.000		3.194		1.349		0.000		0.000		0.000		23.849		120.841		102.573
12-2017		0.000		2.910		1.303		0.000		0.000		0.000		21.626		142.466		116.671
12-2018		0.000		2.689		1.268		0.000		0.000		0.000		19.900		162.366		128.464
12-2019		0.000		2.499		1.241		0.000		0.000		0.000		18.416		180.782		138.385
12-2020		0.000		2.324		1.218		0.000		0.000		0.000		17.040		197.822		146.731
12-2021		0.000		2.160		1.199		0.000		0.000		0.000		15.760		213.582		153.748
12-2022		0.000		2.009		1.183		0.000		0.000		0.000		14.571		228.153		159.645
12-2023		0.000		1.867		1.169		0.000		0.000		0.000		13.466		241.619		164.600
12-2024		0.000		1.736		1.157		0.000		0.000		0.000		12.439		254.058		168.761
12-2025		0.000		1.614		1.147		0.000		0.000		0.000		11.485		265.543		172.254
12-2026		0.000		1.501		1.137		0.000		0.000		0.000		10.599		276.141		175.184
12-2027		0.000		1.396		1.129		0.000		0.000		0.000		9.776		285.917		177.641
S TOT		0.000		38.800		19.091		0.000		0.000		0.000		285.917		285.917		177.641
AFTER		0.000		16.671		33.826		0.000		0.000		0.000		95.764		381.681		189.902
TOTAL		0.000		55.471		52.917		0.000		0.000		0.000		381.681		381.681		189.902

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		735.881		442.134
GROSS CUM., MB & MMF		171.751		133.225
GROSS RES., MB & MMF		564.130		308.909
NET RES., MB & MMF		5.856		3.206
NET REVENUE, M$		479.287		10.783
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		1.038		1.038

		P.W. %		P.W., M$
LIFE, YRS.	46.83		5.00		252.311
DISCOUNT %	10.00		10.00		189.902
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		173.397
DISCOUNTED PAYOUT, YRS.	0.00		15.00		153.921
UNDISCOUNTED NET/INVEST.	0.00		18.00		138.876
DISCOUNTED NET/INVEST.	0.00		20.00		130.612
RATE-OF-RETURN, PCT.	100.00		30.00		102.169
INITIAL W.I., PCT.	1.298		60.00		66.249
			80.00		55.522
			100.00		48.585

WOLTER 13-9H S9-4	DATE	:	03/18/2013
163N 100W 9	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		77.687		65.386		3.602		3.032		81.850		2.510		294.852		7.610		302.462
12-2014		61.825		49.881		2.867		2.313		81.850		3.500		234.652		8.095		242.747
12-2015		52.935		40.947		2.455		1.899		81.850		3.500		200.909		6.645		207.555
12-2016		47.042		34.891		2.181		1.618		81.850		3.500		178.543		5.663		184.205
12-2017		42.765		30.414		1.983		1.410		81.850		3.500		162.311		4.936		167.247
12-2018		39.475		26.919		1.830		1.248		81.850		3.500		149.821		4.369		154.190
12-2019		36.696		23.997		1.702		1.113		81.850		3.500		139.276		3.895		143.170
12-2020		34.127		21.400		1.582		0.992		81.850		3.500		129.527		3.473		133.000
12-2021		31.738		19.085		1.472		0.885		81.850		3.500		120.460		3.097		123.557
12-2022		29.517		17.020		1.369		0.789		81.850		3.500		112.028		2.762		114.790
12-2023		27.451		15.179		1.273		0.704		81.850		3.500		104.186		2.463		106.649
12-2024		25.529		13.536		1.184		0.628		81.850		3.500		96.893		2.197		99.090
12-2025		23.742		12.072		1.101		0.560		81.850		3.500		90.110		1.959		92.069
12-2026		22.080		10.766		1.024		0.499		81.850		3.500		83.802		1.747		85.550
12-2027		20.534		9.601		0.952		0.445		81.850		3.500		77.936		1.558		79.494
S TOT		573.144		391.093		26.577		18.135		81.850		3.334		2175.304		60.471		2235.775
AFTER		251.299		77.697		11.653		3.603		81.850		3.500		953.775		12.610		966.385
TOTAL		824.443		468.790		38.229		21.738		81.850		3.362		3129.079		73.081		3202.160

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		34.241		8.048		0.000		0.000		0.000		260.172		260.172		248.631
12-2014		0.000		27.239		7.108		0.000		0.000		0.000		208.400		468.572		429.601
12-2015		0.000		23.313		6.595		0.000		0.000		0.000		177.646		646.218		569.788
12-2016		0.000		20.710		6.265		0.000		0.000		0.000		157.230		803.449		682.559
12-2017		0.000		18.821		6.031		0.000		0.000		0.000		142.396		945.844		775.391
12-2018		0.000		17.367		5.855		0.000		0.000		0.000		130.969		1076.813		853.005
12-2019		0.000		16.139		5.717		0.000		0.000		0.000		121.315		1198.127		918.361
12-2020		0.000		15.005		5.605		0.000		0.000		0.000		112.390		1310.518		973.405
12-2021		0.000		13.950		5.509		0.000		0.000		0.000		104.098		1414.615		1019.752
12-2022		0.000		12.970		5.421		0.000		0.000		0.000		96.399		1511.014		1058.771
12-2023		0.000		12.059		5.339		0.000		0.000		0.000		89.251		1600.265		1091.612
12-2024		0.000		11.212		5.263		0.000		0.000		0.000		82.615		1682.880		1119.247
12-2025		0.000		10.424		5.192		0.000		0.000		0.000		76.453		1759.333		1142.497
12-2026		0.000		9.692		5.126		0.000		0.000		0.000		70.731		1830.064		1162.051
12-2027		0.000		9.012		5.065		0.000		0.000		0.000		65.418		1895.481		1178.492
S TOT		0.000		252.155		88.139		0.000		0.000		0.000		1895.481		1895.481		1178.492
AFTER		0.000		110.080		158.743		0.000		0.000		0.000		697.562		2593.042		1263.264
TOTAL		0.000		362.235		246.882		0.000		0.000		0.000		2593.043		2593.042		1263.264

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		971.999		603.522
GROSS CUM., MB & MMF		147.556		134.732
GROSS RES., MB & MMF		824.443		468.790
NET RES., MB & MMF		38.229		21.738
NET REVENUE, M$		3129.079		73.081
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		4.637		4.637

		P.W. %		P.W., M$
LIFE, YRS.	50.00		5.00		1686.089
DISCOUNT %	10.00		10.00		1263.265
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		1152.700
DISCOUNTED PAYOUT, YRS.	0.00		15.00		1022.767
UNDISCOUNTED NET/INVEST.	0.00		18.00		922.706
DISCOUNTED NET/INVEST.	0.00		20.00		867.845
RATE-OF-RETURN, PCT.	100.00		30.00		679.389
INITIAL W.I., PCT.	5.904		60.00		441.720
			80.00		370.684
			100.00		324.700

WOLTER 15-8H S5-8	DATE	:	03/18/2013
163N 100W 8	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		54.410		40.383		0.659		0.489		81.850		2.491		53.918		1.218		55.136
12-2014		42.107		29.738		0.510		0.360		81.850		3.500		41.727		1.260		42.987
12-2015		35.621		23.946		0.431		0.290		81.850		3.500		35.299		1.015		36.314
12-2016		31.442		20.121		0.381		0.244		81.850		3.500		31.158		0.853		32.011
12-2017		28.460		17.339		0.345		0.210		81.850		3.500		28.203		0.735		28.937
12-2018		26.193		15.192		0.317		0.184		81.850		3.500		25.956		0.644		26.600
12-2019		24.395		13.470		0.295		0.163		81.850		3.500		24.174		0.571		24.745
12-2020		22.923		12.050		0.278		0.146		81.850		3.500		22.715		0.511		23.226
12-2021		21.688		10.855		0.263		0.131		81.850		3.500		21.492		0.460		21.952
12-2022		20.598		9.815		0.249		0.119		81.850		3.500		20.411		0.416		20.827
12-2023		19.568		8.877		0.237		0.107		81.850		3.500		19.391		0.376		19.767
12-2024		18.589		8.029		0.225		0.097		81.850		3.500		18.421		0.340		18.761
12-2025		17.660		7.262		0.214		0.088		81.850		3.500		17.500		0.308		17.808
12-2026		16.777		6.568		0.203		0.080		81.850		3.500		16.625		0.278		16.904
12-2027		15.938		5.941		0.193		0.072		81.850		3.500		15.794		0.252		16.046
S TOT		396.369		229.588		4.799		2.780		81.850		3.322		392.786		9.235		402.021
AFTER		252.529		54.573		3.057		0.661		81.850		3.500		250.246		2.313		252.558
TOTAL		648.898		284.161		7.856		3.440		81.850		3.357		643.031		11.548		654.579

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		6.254		1.866		0.000		0.000		0.000		47.015		47.015		44.948
12-2014		0.000		4.838		1.643		0.000		0.000		0.000		36.506		83.521		76.653
12-2015		0.000		4.091		1.535		0.000		0.000		0.000		30.687		114.208		100.871
12-2016		0.000		3.610		1.470		0.000		0.000		0.000		26.931		141.139		120.188
12-2017		0.000		3.266		1.425		0.000		0.000		0.000		24.246		165.385		135.996
12-2018		0.000		3.005		1.392		0.000		0.000		0.000		22.203		187.589		149.154
12-2019		0.000		2.798		1.366		0.000		0.000		0.000		20.581		208.170		160.241
12-2020		0.000		2.628		1.346		0.000		0.000		0.000		19.252		227.422		169.669
12-2021		0.000		2.486		1.329		0.000		0.000		0.000		18.137		245.559		177.743
12-2022		0.000		2.360		1.313		0.000		0.000		0.000		17.154		262.713		184.685
12-2023		0.000		2.242		1.299		0.000		0.000		0.000		16.226		278.939		190.655
12-2024		0.000		2.129		1.286		0.000		0.000		0.000		15.346		294.286		195.787
12-2025		0.000		2.022		1.274		0.000		0.000		0.000		14.512		308.798		200.200
12-2026		0.000		1.921		1.262		0.000		0.000		0.000		13.721		322.518		203.992
12-2027		0.000		1.824		1.252		0.000		0.000		0.000		12.970		335.488		207.251
S TOT		0.000		45.476		21.057		0.000		0.000		0.000		335.488		335.488		207.251
AFTER		0.000		28.851		40.593		0.000		0.000		0.000		183.114		518.603		226.764
TOTAL		0.000		74.327		61.650		0.000		0.000		0.000		518.602		518.603		226.764

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		713.596		337.360
GROSS CUM., MB & MMF		64.698		53.199
GROSS RES., MB & MMF		648.898		284.161
NET RES., MB & MMF		7.856		3.440
NET REVENUE, M$		643.031		11.548
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		1.211		1.211

		P.W. %		P.W., M$
LIFE, YRS.	50.00		5.00		312.009
DISCOUNT %	10.00		10.00		226.764
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		205.633
DISCOUNTED PAYOUT, YRS.	0.00		15.00		181.361
UNDISCOUNTED NET/INVEST.	0.00		18.00		163.049
DISCOUNTED NET/INVEST.	0.00		20.00		153.134
RATE-OF-RETURN, PCT.	100.00		30.00		119.646
INITIAL W.I., PCT.	1.542		60.00		78.208
			80.00		65.866
			100.00		57.859

YUKON 12-1	DATE	:	03/18/2013
163N 98W 13	TIME	:	13:54:15
BAKKEN	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
1PDP	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		17.707		15.025		0.177		0.150		81.850		2.508		14.493		0.377		14.870
12-2014		14.076		11.401		0.141		0.114		81.850		3.500		11.521		0.399		11.920
12-2015		12.046		9.315		0.120		0.093		81.850		3.500		9.859		0.326		10.185
12-2016		10.702		7.902		0.107		0.079		81.850		3.500		8.759		0.277		9.036
12-2017		9.727		6.858		0.097		0.069		81.850		3.500		7.961		0.240		8.201
12-2018		8.977		6.044		0.090		0.060		81.850		3.500		7.348		0.212		7.559
12-2019		8.345		5.365		0.083		0.054		81.850		3.500		6.831		0.188		7.018
12-2020		7.761		4.765		0.078		0.048		81.850		3.500		6.352		0.167		6.519
12-2021		7.218		4.231		0.072		0.042		81.850		3.500		5.908		0.148		6.056
12-2022		6.713		3.758		0.067		0.038		81.850		3.500		5.494		0.132		5.626
12-2023		6.243		3.337		0.062		0.033		81.850		3.500		5.110		0.117		5.226
12-2024		5.806		2.964		0.058		0.030		81.850		3.500		4.752		0.104		4.856
12-2025		5.399		2.632		0.054		0.026		81.850		3.500		4.419		0.092		4.511
12-2026		5.021		2.337		0.050		0.023		81.850		3.500		4.110		0.082		4.192
12-2027		4.670		2.076		0.047		0.021		81.850		3.500		3.822		0.073		3.895
S TOT		130.410		88.009		1.304		0.880		81.850		3.331		106.740		2.931		109.671
AFTER		43.079		14.100		0.431		0.141		81.850		3.500		35.260		0.494		35.754
TOTAL		173.489		102.109		1.735		1.021		81.850		3.354		142.001		3.425		145.425

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		1.683		2.344		0.000		0.000		0.000		10.842		10.842		10.362
12-2014		0.000		1.337		2.037		0.000		0.000		0.000		8.545		19.388		17.784
12-2015		0.000		1.144		1.864		0.000		0.000		0.000		7.177		26.565		23.448
12-2016		0.000		1.016		1.749		0.000		0.000		0.000		6.271		32.836		27.946
12-2017		0.000		0.923		1.666		0.000		0.000		0.000		5.613		38.449		31.606
12-2018		0.000		0.852		1.602		0.000		0.000		0.000		5.106		43.555		34.632
12-2019		0.000		0.791		1.551		0.000		0.000		0.000		4.676		48.231		37.152
12-2020		0.000		0.736		1.505		0.000		0.000		0.000		4.278		52.510		39.247
12-2021		0.000		0.684		1.463		0.000		0.000		0.000		3.909		56.419		40.988
12-2022		0.000		0.636		1.423		0.000		0.000		0.000		3.567		59.985		42.432
12-2023		0.000		0.591		1.387		0.000		0.000		0.000		3.249		63.234		43.627
12-2024		0.000		0.550		1.353		0.000		0.000		0.000		2.953		66.187		44.615
12-2025		0.000		0.511		1.321		0.000		0.000		0.000		2.679		68.867		45.430
12-2026		0.000		0.475		1.291		0.000		0.000		0.000		2.425		71.292		46.101
12-2027		0.000		0.442		1.264		0.000		0.000		0.000		2.189		73.481		46.651
S TOT		0.000		12.372		23.819		0.000		0.000		0.000		73.481		73.481		46.651
AFTER		0.000		4.070		18.058		0.000		0.000		0.000		13.625		87.106		48.822
TOTAL		0.000		16.442		41.877		0.000		0.000		0.000		87.106		87.106		48.822

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		201.153		124.677
GROSS CUM., MB & MMF		27.664		22.568
GROSS RES., MB & MMF		173.489		102.109
NET RES., MB & MMF		1.735		1.021
NET REVENUE, M$		142.001		3.425
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		1.000		1.000

		P.W. %		P.W., M$
LIFE, YRS.	31.33		5.00		62.484
DISCOUNT %	10.00		10.00		48.822
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		44.989
DISCOUNTED PAYOUT, YRS.	0.00		15.00		40.350
UNDISCOUNTED NET/INVEST.	0.00		18.00		36.683
DISCOUNTED NET/INVEST.	0.00		20.00		34.639
RATE-OF-RETURN, PCT.	100.00		30.00		27.458
INITIAL W.I., PCT.	1.250		60.00		18.102
			80.00		15.250
			100.00		13.392

BORDER FARMS 3130-5	DATE	:	03/18/2013
163N 99W 6	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
2PDN	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		49.405		41.973		6.925		5.883		81.850		2.439		566.817		14.348		581.165
12-2014		29.357		21.348		4.115		2.992		81.850		3.500		336.814		10.473		347.286
12-2015		22.579		14.046		3.165		1.969		81.850		3.500		259.042		6.891		265.933
12-2016		19.052		10.150		2.671		1.423		81.850		3.500		218.585		4.980		223.565
12-2017		16.794		7.665		2.354		1.074		81.850		3.500		192.674		3.760		196.435
12-2018		15.188		5.939		2.129		0.833		81.850		3.500		174.247		2.914		177.160
12-2019		13.970		4.681		1.958		0.656		81.850		3.500		160.271		2.297		162.568
12-2020		13.005		3.734		1.823		0.523		81.850		3.500		149.201		1.832		151.033
12-2021		12.216		3.006		1.712		0.421		81.850		3.500		140.150		1.475		141.624
12-2022		11.555		2.437		1.620		0.342		81.850		3.500		132.568		1.195		133.763
12-2023		10.973		1.983		1.538		0.278		81.850		3.500		125.894		0.973		126.866
12-2024		10.425		1.615		1.461		0.226		81.850		3.500		119.599		0.792		120.391
12-2025		9.903		1.315		1.388		0.184		81.850		3.500		113.619		0.645		114.264
12-2026		9.408		1.070		1.319		0.150		81.850		3.500		107.938		0.525		108.463
12-2027		8.938		0.871		1.253		0.122		81.850		3.500		102.541		0.428		102.969
S TOT		252.767		121.834		35.430		17.077		81.850		3.134		2899.959		53.527		2953.486
AFTER		87.853		3.612		12.314		0.506		81.850		3.500		1007.925		1.772		1009.697
TOTAL		340.620		125.446		47.744		17.584		81.850		3.145		3907.884		55.299		3963.183

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		65.831		23.108		0.000		0.000		0.000		492.226		492.226		471.082
12-2014		0.000		39.063		19.483		0.000		0.000		0.000		288.741		780.967		722.163
12-2015		0.000		30.006		17.901		0.000		0.000		0.000		218.026		998.993		894.324
12-2016		0.000		25.294		17.078		0.000		0.000		0.000		181.193		1180.186		1024.331
12-2017		0.000		22.276		16.551		0.000		0.000		0.000		157.608		1337.793		1127.108
12-2018		0.000		20.130		16.176		0.000		0.000		0.000		140.854		1478.647		1210.596
12-2019		0.000		18.503		15.892		0.000		0.000		0.000		128.172		1606.820		1279.652
12-2020		0.000		17.216		15.667		0.000		0.000		0.000		118.150		1724.970		1337.517
12-2021		0.000		16.164		15.483		0.000		0.000		0.000		109.978		1834.948		1386.479
12-2022		0.000		15.283		15.329		0.000		0.000		0.000		103.152		1938.100		1428.225
12-2023		0.000		14.508		15.193		0.000		0.000		0.000		97.165		2035.265		1463.974
12-2024		0.000		13.779		15.065		0.000		0.000		0.000		91.547		2126.812		1494.593
12-2025		0.000		13.086		14.943		0.000		0.000		0.000		86.234		2213.046		1520.813
12-2026		0.000		12.429		14.828		0.000		0.000		0.000		81.206		2294.252		1543.260
12-2027		0.000		11.806		14.718		0.000		0.000		0.000		76.445		2370.697		1562.470
S TOT		0.000		335.374		247.415		0.000		0.000		0.000		2370.697		2370.697		1562.470
AFTER		0.000		115.967		200.511		0.000		0.000		0.000		693.219		3063.916		1662.698
TOTAL		0.000		451.341		447.926		0.000		0.000		0.000		3063.916		3063.916		1662.698

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		47.744		17.584
NET REVENUE, M$		3907.883		55.299
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.017		14.017

		P.W. %		P.W., M$
LIFE, YRS.	29.25		5.00		2133.810
DISCOUNT %	10.00		10.00		1662.698
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		1536.556
DISCOUNTED PAYOUT, YRS.	0.00		15.00		1387.142
UNDISCOUNTED NET/INVEST.	0.00		18.00		1271.272
DISCOUNTED NET/INVEST.	0.00		20.00		1207.419
RATE-OF-RETURN, PCT.	100.00		30.00		985.526
INITIAL W.I., PCT.	17.545		60.00		693.474
			80.00		600.683
			100.00		538.376

CHRISTIAN BROS. 15-33N	DATE	:	03/18/2013
164N 101W 33	TIME	:	13:54:15
BAKKEN	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
2PDN	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		34.936		34.936		5.883		5.883		81.850		2.440		481.532		14.356		495.889
12-2014		18.115		18.115		1.426		1.426		81.850		3.500		116.751		4.992		121.743
12-2015		12.281		12.281		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2016		9.457		9.457		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2017		7.761		7.761		1.671		1.671		81.850		3.500		136.789		5.849		142.638
12-2018		6.619		6.619		2.204		2.204		81.850		3.500		180.362		7.713		188.075
12-2019		5.793		5.793		1.929		1.929		81.850		3.500		157.854		6.750		164.604
12-2020		5.165		5.165		1.720		1.720		81.850		3.500		140.748		6.019		146.766
12-2021		4.671		4.671		1.555		1.555		81.850		3.500		127.268		5.442		132.710
12-2022		4.270		4.270		1.421		1.421		81.850		3.500		116.348		4.975		121.323
12-2023		3.938		3.938		1.311		1.311		81.850		3.500		107.305		4.589		111.894
12-2024		3.658		3.658		1.218		1.218		81.850		3.500		99.684		4.263		103.946
12-2025		3.419		3.419		1.138		1.138		81.850		3.500		93.164		3.984		97.148
12-2026		3.212		3.212		1.069		1.069		81.850		3.500		87.518		3.742		91.261
12-2027		3.031		3.031		1.009		1.009		81.850		3.500		82.577		3.531		86.108
S TOT		126.328		126.328		23.554		23.554		81.850		3.235		1927.901		76.205		2004.105
AFTER		33.598		33.598		11.185		11.185		81.850		3.500		915.478		39.147		954.625
TOTAL		159.926		159.926		34.739		34.739		81.850		3.321		2843.379		115.352		2958.730

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		56.023		47.055		0.000		0.000		0.000		392.810		392.810		377.246
12-2014		0.000		13.583		40.205		0.000		0.000		0.000		67.955		460.765		437.136
12-2015		0.000		0.000		36.959		0.000		0.000		0.000		-36.959		423.806		407.989
12-2016		0.000		0.000		35.388		0.000		0.000		0.000		-35.388		388.418		382.623
12-2017		0.000		15.915		34.444		0.000		0.000		0.000		92.280		480.698		441.467
12-2018		0.000		20.984		33.808		0.000		0.000		0.000		133.283		613.981		520.513
12-2019		0.000		18.365		33.349		0.000		0.000		0.000		112.890		726.871		581.369
12-2020		0.000		16.375		32.999		0.000		0.000		0.000		97.392		824.262		629.091
12-2021		0.000		14.807		32.724		0.000		0.000		0.000		85.179		909.442		667.031
12-2022		0.000		13.536		32.501		0.000		0.000		0.000		75.286		984.728		697.514
12-2023		0.000		12.484		32.316		0.000		0.000		0.000		67.093		1051.821		722.208
12-2024		0.000		11.598		32.161		0.000		0.000		0.000		60.188		1112.009		742.346
12-2025		0.000		10.839		32.027		0.000		0.000		0.000		54.281		1166.290		758.857
12-2026		0.000		10.182		31.912		0.000		0.000		0.000		49.166		1215.457		772.451
12-2027		0.000		9.607		31.811		0.000		0.000		0.000		44.690		1260.146		783.684
S TOT		0.000		224.300		519.659		0.000		0.000		0.000		1260.146		1260.146		783.684
AFTER		0.000		106.510		535.839		0.000		0.000		0.000		312.276		1572.423		831.840
TOTAL		0.000		330.810		1055.498		0.000		0.000		0.000		1572.422		1572.423		831.840

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		159.926		159.926
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		159.926		159.926
NET RES., MB & MMF		34.739		34.739
NET REVENUE, M$		2843.379		115.352
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		17.880		17.880

		P.W. %		P.W., M$
LIFE, YRS.	32.17		5.00		1084.435
DISCOUNT %	10.00		10.00		831.840
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		764.529
DISCOUNTED PAYOUT, YRS.	0.00		15.00		685.801
UNDISCOUNTED NET/INVEST.	0.00		18.00		626.092
DISCOUNTED NET/INVEST.	0.00		20.00		593.945
RATE-OF-RETURN, PCT.	100.00		30.00		488.731
INITIAL W.I., PCT.	41.840		60.00		373.642
			80.00		342.707
			100.00		322.329

KAREN BAILARD 3625-1TFH	DATE	:	03/18/2013
163N 99W 36	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
2PDN	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		49.405		41.973		0.429		0.365		81.850		2.439		35.130		0.889		36.019
12-2014		29.357		21.348		0.255		0.185		81.850		3.500		20.875		0.649		21.524
12-2015		22.579		14.046		0.196		0.122		81.850		3.500		16.055		0.427		16.482
12-2016		19.052		10.150		0.166		0.088		81.850		3.500		13.547		0.309		13.856
12-2017		16.794		7.665		0.146		0.067		81.850		3.500		11.942		0.233		12.175
12-2018		15.188		5.939		0.132		0.052		81.850		3.500		10.799		0.181		10.980
12-2019		13.970		4.681		0.121		0.041		81.850		3.500		9.933		0.142		10.076
12-2020		13.005		3.734		0.113		0.032		81.850		3.500		9.247		0.114		9.361
12-2021		12.216		3.006		0.106		0.026		81.850		3.500		8.686		0.091		8.778
12-2022		11.555		2.437		0.100		0.021		81.850		3.500		8.216		0.074		8.290
12-2023		10.973		1.983		0.095		0.017		81.850		3.500		7.803		0.060		7.863
12-2024		10.425		1.615		0.091		0.014		81.850		3.500		7.412		0.049		7.462
12-2025		9.903		1.315		0.086		0.011		81.850		3.500		7.042		0.040		7.082
12-2026		9.408		1.070		0.082		0.009		81.850		3.500		6.690		0.033		6.722
12-2027		8.938		0.871		0.078		0.008		81.850		3.500		6.355		0.026		6.382
S TOT		252.767		121.834		2.196		1.058		81.850		3.134		179.734		3.317		183.051
AFTER		87.853		3.612		0.763		0.031		81.850		3.500		62.469		0.110		62.579
TOTAL		340.620		125.446		2.959		1.090		81.850		3.145		242.203		3.427		245.630

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		4.080		1.432		0.000		0.000		0.000		30.508		30.508		29.197
12-2014		0.000		2.421		1.207		0.000		0.000		0.000		17.896		48.404		44.759
12-2015		0.000		1.860		1.109		0.000		0.000		0.000		13.513		61.917		55.430
12-2016		0.000		1.568		1.058		0.000		0.000		0.000		11.230		73.148		63.488
12-2017		0.000		1.381		1.025		0.000		0.000		0.000		9.769		82.916		69.858
12-2018		0.000		1.248		1.002		0.000		0.000		0.000		8.730		91.647		75.033
12-2019		0.000		1.147		0.985		0.000		0.000		0.000		7.944		99.591		79.313
12-2020		0.000		1.067		0.971		0.000		0.000		0.000		7.323		106.914		82.900
12-2021		0.000		1.002		0.959		0.000		0.000		0.000		6.817		113.731		85.934
12-2022		0.000		0.947		0.950		0.000		0.000		0.000		6.394		120.125		88.522
12-2023		0.000		0.899		0.941		0.000		0.000		0.000		6.023		126.147		90.738
12-2024		0.000		0.854		0.933		0.000		0.000		0.000		5.674		131.821		92.636
12-2025		0.000		0.811		0.926		0.000		0.000		0.000		5.345		137.166		94.261
12-2026		0.000		0.770		0.919		0.000		0.000		0.000		5.033		142.200		95.652
12-2027		0.000		0.732		0.912		0.000		0.000		0.000		4.738		146.938		96.843
S TOT		0.000		20.786		15.327		0.000		0.000		0.000		146.938		146.938		96.843
AFTER		0.000		7.187		12.421		0.000		0.000		0.000		42.970		189.908		103.055
TOTAL		0.000		27.973		27.749		0.000		0.000		0.000		189.908		189.908		103.055

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		2.959		1.090
NET REVENUE, M$		242.203		3.427
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.869		0.869

		P.W. %		P.W., M$
LIFE, YRS.	29.25		5.00		132.256
DISCOUNT %	10.00		10.00		103.055
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		95.237
DISCOUNTED PAYOUT, YRS.	0.00		15.00		85.976
UNDISCOUNTED NET/INVEST.	0.00		18.00		78.794
DISCOUNTED NET/INVEST.	0.00		20.00		74.836
RATE-OF-RETURN, PCT.	100.00		30.00		61.083
INITIAL W.I., PCT.	1.087		60.00		42.981
			80.00		37.230
			100.00		33.368

MUZZY 15-33S	DATE	:	03/18/2013
164N 101W 33	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
2PDN	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		79.048		67.157		14.072		11.983		81.850		2.409		1151.829		28.862		1180.691
12-2014		46.972		34.156		4.080		2.984		81.850		3.500		333.951		10.443		344.394
12-2015		36.126		22.474		3.077		1.801		81.850		3.500		251.881		6.303		258.183
12-2016		30.484		16.241		11.188		5.960		81.850		3.500		915.701		20.861		936.562
12-2017		26.870		12.264		9.861		4.501		81.850		3.500		807.156		15.753		822.909
12-2018		24.300		9.503		8.918		3.488		81.850		3.500		729.957		12.206		742.163
12-2019		22.351		7.490		8.203		2.749		81.850		3.500		671.412		9.621		681.032
12-2020		20.807		5.975		7.636		2.193		81.850		3.500		625.035		7.675		632.710
12-2021		19.545		4.809		7.173		1.765		81.850		3.500		587.118		6.178		593.296
12-2022		18.488		3.899		6.785		1.431		81.850		3.500		555.355		5.008		560.362
12-2023		17.557		3.173		6.443		1.164		81.850		3.500		527.395		4.076		531.471
12-2024		16.679		2.583		6.121		0.948		81.850		3.500		501.026		3.318		504.344
12-2025		15.845		2.103		5.815		0.772		81.850		3.500		475.974		2.702		478.676
12-2026		15.053		1.712		5.524		0.628		81.850		3.500		452.176		2.200		454.375
12-2027		14.300		1.394		5.248		0.512		81.850		3.500		429.567		1.791		431.358
S TOT		404.427		194.934		110.147		42.878		81.850		3.195		9015.532		136.995		9152.527
AFTER		140.573		5.780		51.590		2.121		81.850		3.500		4222.664		7.424		4230.087
TOTAL		545.000		200.713		161.737		44.999		81.850		3.209		13238.196		144.419		13382.614

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		133.778		78.277		0.000		0.000		0.000		968.635		968.635		928.507
12-2014		0.000		38.733		61.508		0.000		0.000		0.000		244.154		1212.789		1141.809
12-2015		0.000		29.164		54.910		0.000		0.000		0.000		174.109		1386.898		1272.642
12-2016		0.000		105.961		51.477		0.000		0.000		0.000		779.123		2166.021		1831.651
12-2017		0.000		93.318		49.279		0.000		0.000		0.000		680.312		2846.333		2275.275
12-2018		0.000		84.329		47.716		0.000		0.000		0.000		610.119		3456.451		2636.898
12-2019		0.000		77.515		46.530		0.000		0.000		0.000		556.988		4013.439		2936.983
12-2020		0.000		72.120		45.591		0.000		0.000		0.000		514.999		4528.438		3189.200
12-2021		0.000		67.713		44.823		0.000		0.000		0.000		480.760		5009.198		3403.230
12-2022		0.000		64.023		44.180		0.000		0.000		0.000		452.160		5461.357		3586.219
12-2023		0.000		60.779		43.613		0.000		0.000		0.000		427.079		5888.437		3743.343
12-2024		0.000		57.722		43.079		0.000		0.000		0.000		403.542		6291.979		3878.311
12-2025		0.000		54.822		42.572		0.000		0.000		0.000		381.282		6673.261		3994.240
12-2026		0.000		52.069		42.090		0.000		0.000		0.000		360.216		7033.477		4093.809
12-2027		0.000		49.456		41.632		0.000		0.000		0.000		340.269		7373.746		4179.312
S TOT		0.000		1041.503		737.278		0.000		0.000		0.000		7373.746		7373.746		4179.312
AFTER		0.000		485.840		554.809		0.000		0.000		0.000		3189.439		10563.184		4636.548
TOTAL		0.000		1527.342		1292.086		0.000		0.000		0.000		10563.185		10563.184		4636.548

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		161.737		44.999
NET REVENUE, M$		13238.197		144.419
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		18.350		18.350

		P.W. %		P.W., M$
LIFE, YRS.	29.25		5.00		6569.934
DISCOUNT %	10.00		10.00		4636.547
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		4137.886
DISCOUNTED PAYOUT, YRS.	0.00		15.00		3562.508
UNDISCOUNTED NET/INVEST.	0.00		18.00		3130.671
DISCOUNTED NET/INVEST.	0.00		20.00		2899.246
RATE-OF-RETURN, PCT.	100.00		30.00		2141.895
INITIAL W.I., PCT.	45.740		60.00		1305.073
			80.00		1090.847
			100.00		962.614

PROCHNICK 15-35HS	DATE	:	03/18/2013
164N 100W 14	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
2PDN	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		46.972		34.156		0.132		0.096		81.850		2.450		10.765		0.234		10.999
12-2014		36.126		22.474		0.101		0.063		81.850		3.500		8.279		0.220		8.500
12-2015		30.484		16.241		0.085		0.045		81.850		3.500		6.986		0.159		7.145
12-2016		26.870		12.264		0.075		0.034		81.850		3.500		6.158		0.120		6.278
12-2017		24.300		9.503		0.068		0.027		81.850		3.500		5.569		0.093		5.662
12-2018		22.351		7.490		0.063		0.021		81.850		3.500		5.122		0.073		5.196
12-2019		20.807		5.975		0.058		0.017		81.850		3.500		4.769		0.059		4.827
12-2020		19.545		4.809		0.055		0.013		81.850		3.500		4.479		0.047		4.527
12-2021		18.488		3.899		0.052		0.011		81.850		3.500		4.237		0.038		4.275
12-2022		17.557		3.173		0.049		0.009		81.850		3.500		4.024		0.031		4.055
12-2023		16.679		2.583		0.047		0.007		81.850		3.500		3.823		0.025		3.848
12-2024		15.845		2.103		0.044		0.006		81.850		3.500		3.631		0.021		3.652
12-2025		15.053		1.712		0.042		0.005		81.850		3.500		3.450		0.017		3.467
12-2026		14.300		1.394		0.040		0.004		81.850		3.500		3.277		0.014		3.291
12-2027		13.585		1.135		0.038		0.003		81.850		3.500		3.113		0.011		3.125
S TOT		338.964		128.912		0.949		0.361		81.850		3.222		77.684		1.163		78.847
AFTER		126.988		4.644		0.356		0.013		81.850		3.500		29.103		0.046		29.149
TOTAL		465.952		133.556		1.305		0.374		81.850		3.231		106.787		1.208		107.995

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		1.248		0.471		0.000		0.000		0.000		9.280		9.280		8.873
12-2014		0.000		0.959		0.420		0.000		0.000		0.000		7.120		16.401		15.058
12-2015		0.000		0.808		0.394		0.000		0.000		0.000		5.943		22.344		19.748
12-2016		0.000		0.712		0.377		0.000		0.000		0.000		5.189		27.533		23.470
12-2017		0.000		0.643		0.365		0.000		0.000		0.000		4.654		32.187		26.505
12-2018		0.000		0.591		0.356		0.000		0.000		0.000		4.248		36.435		29.022
12-2019		0.000		0.550		0.349		0.000		0.000		0.000		3.928		40.363		31.139
12-2020		0.000		0.517		0.343		0.000		0.000		0.000		3.667		44.030		32.934
12-2021		0.000		0.488		0.338		0.000		0.000		0.000		3.449		47.479		34.470
12-2022		0.000		0.464		0.334		0.000		0.000		0.000		3.257		50.736		35.788
12-2023		0.000		0.440		0.330		0.000		0.000		0.000		3.078		53.814		36.920
12-2024		0.000		0.418		0.326		0.000		0.000		0.000		2.908		56.722		37.893
12-2025		0.000		0.397		0.322		0.000		0.000		0.000		2.747		59.469		38.728
12-2026		0.000		0.377		0.319		0.000		0.000		0.000		2.595		62.065		39.445
12-2027		0.000		0.358		0.315		0.000		0.000		0.000		2.451		64.516		40.061
S TOT		0.000		8.973		5.358		0.000		0.000		0.000		64.516		64.516		40.061
AFTER		0.000		3.348		3.930		0.000		0.000		0.000		21.870		86.386		43.281
TOTAL		0.000		12.322		9.288		0.000		0.000		0.000		86.386		86.386		43.281

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		79.048		67.157
GROSS RES., MB & MMF		465.952		133.556
NET RES., MB & MMF		1.305		0.374
NET REVENUE, M$		106.787		1.208
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.280		0.280

		P.W. %		P.W., M$
LIFE, YRS.	28.25		5.00		57.688
DISCOUNT %	10.00		10.00		43.281
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		39.465
DISCOUNTED PAYOUT, YRS.	0.00		15.00		34.985
UNDISCOUNTED NET/INVEST.	0.00		18.00		31.548
DISCOUNTED NET/INVEST.	0.00		20.00		29.672
RATE-OF-RETURN, PCT.	100.00		30.00		23.279
INITIAL W.I., PCT.	0.350		60.00		15.297
			80.00		12.907
			100.00		11.353

PROCHNICK 15-35HSA	DATE	:	03/18/2013
164N 100W 14	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
2PDN	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL			NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE			PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL			$/MCF		M$		M$		M$
12-2013		79.048		67.157		0.221		0.188		81.850	��		2.439		18.116		0.459		18.575
12-2014		46.972		34.156		0.132		0.096		81.850			3.500		10.765		0.335		11.100
12-2015		36.126		22.474		0.101		0.063		81.850			3.500		8.279		0.220		8.500
12-2016		30.484		16.241		0.085		0.045		81.850			3.500		6.986		0.159		7.145
12-2017		26.870		12.264		0.075		0.034		81.850			3.500		6.158		0.120		6.278
12-2018		24.300		9.503		0.068		0.027		81.850			3.500		5.569		0.093		5.662
12-2019		22.351		7.490		0.063		0.021		81.850			3.500		5.122		0.073		5.196
12-2020		20.807		5.975		0.058		0.017		81.850			3.500		4.769		0.059		4.827
12-2021		19.545		4.809		0.055		0.013		81.850			3.500		4.479		0.047		4.527
12-2022		18.488		3.899		0.052		0.011		81.850			3.500		4.237		0.038		4.275
12-2023		17.557		3.173		0.049		0.009		81.850			3.500		4.024		0.031		4.055
12-2024		16.679		2.583		0.047		0.007		81.850			3.500		3.823		0.025		3.848
12-2025		15.845		2.103		0.044		0.006		81.850			3.500		3.631		0.021		3.652
12-2026		15.053		1.712		0.042		0.005		81.850			3.500		3.450		0.017		3.467
12-2027		14.300		1.394		0.040		0.004		81.850			3.500		3.277		0.014		3.291
S TOT		404.427		194.934		1.132		0.546		81.850			3.134		92.687		1.711		94.397
AFTER		140.573		5.780		0.394		0.016		81.850			3.500		32.217		0.057		32.273
TOTAL		545.000		200.713		1.526		0.562		81.850			3.145		124.903		1.767		126.671

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		2.104		0.599		0.000		0.000		0.000		15.872		15.872		15.189
12-2014		0.000		1.248		0.471		0.000		0.000		0.000		9.381		25.252		23.346
12-2015		0.000		0.959		0.420		0.000		0.000		0.000		7.120		32.373		28.968
12-2016		0.000		0.808		0.394		0.000		0.000		0.000		5.943		38.316		33.232
12-2017		0.000		0.712		0.377		0.000		0.000		0.000		5.189		43.505		36.616
12-2018		0.000		0.643		0.365		0.000		0.000		0.000		4.654		48.159		39.374
12-2019		0.000		0.591		0.356		0.000		0.000		0.000		4.248		52.407		41.663
12-2020		0.000		0.550		0.349		0.000		0.000		0.000		3.928		56.335		43.587
12-2021		0.000		0.517		0.343		0.000		0.000		0.000		3.667		60.002		45.220
12-2022		0.000		0.488		0.338		0.000		0.000		0.000		3.449		63.451		46.615
12-2023		0.000		0.464		0.334		0.000		0.000		0.000		3.257		66.709		47.814
12-2024		0.000		0.440		0.330		0.000		0.000		0.000		3.078		69.786		48.843
12-2025		0.000		0.418		0.326		0.000		0.000		0.000		2.908		72.694		49.727
12-2026		0.000		0.397		0.322		0.000		0.000		0.000		2.747		75.442		50.487
12-2027		0.000		0.377		0.319		0.000		0.000		0.000		2.595		78.037		51.139
S TOT		0.000		10.719		5.642		0.000		0.000		0.000		78.037		78.037		51.139
AFTER		0.000		3.707		4.245		0.000		0.000		0.000		24.321		102.358		54.625
TOTAL		0.000		14.426		9.887		0.000		0.000		0.000		102.358		102.358		54.625

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		1.526		0.562
NET REVENUE, M$		124.903		1.767
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.280		0.280

		P.W. %		P.W., M$
LIFE, YRS.	29.25		5.00		70.553
DISCOUNT %	10.00		10.00		54.625
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		50.390
DISCOUNTED PAYOUT, YRS.	0.00		15.00		45.391
UNDISCOUNTED NET/INVEST.	0.00		18.00		41.530
DISCOUNTED NET/INVEST.	0.00		20.00		39.408
RATE-OF-RETURN, PCT.	100.00		30.00		32.065
INITIAL W.I., PCT.	0.350		60.00		22.476
			80.00		19.445
			100.00		17.414

PROCHNICK 15-35HSB	DATE	:	03/18/2013
164N 100W 14	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
2PDN	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		79.048		67.157		0.221		0.188		81.850		2.439		18.116		0.459		18.575
12-2014		46.972		34.156		0.132		0.096		81.850		3.500		10.765		0.335		11.100
12-2015		36.126		22.474		0.101		0.063		81.850		3.500		8.279		0.220		8.500
12-2016		30.484		16.241		0.085		0.045		81.850		3.500		6.986		0.159		7.145
12-2017		26.870		12.264		0.075		0.034		81.850		3.500		6.158		0.120		6.278
12-2018		24.300		9.503		0.068		0.027		81.850		3.500		5.569		0.093		5.662
12-2019		22.351		7.490		0.063		0.021		81.850		3.500		5.122		0.073		5.196
12-2020		20.807		5.975		0.058		0.017		81.850		3.500		4.769		0.059		4.827
12-2021		19.545		4.809		0.055		0.013		81.850		3.500		4.479		0.047		4.527
12-2022		18.488		3.899		0.052		0.011		81.850		3.500		4.237		0.038		4.275
12-2023		17.557		3.173		0.049		0.009		81.850		3.500		4.024		0.031		4.055
12-2024		16.679		2.583		0.047		0.007		81.850		3.500		3.823		0.025		3.848
12-2025		15.845		2.103		0.044		0.006		81.850		3.500		3.631		0.021		3.652
12-2026		15.053		1.712		0.042		0.005		81.850		3.500		3.450		0.017		3.467
12-2027		14.300		1.394		0.040		0.004		81.850		3.500		3.277		0.014		3.291
S TOT		404.427		194.934		1.132		0.546		81.850		3.134		92.687		1.711		94.397
AFTER		140.573		5.780		0.394		0.016		81.850		3.500		32.217		0.057		32.273
TOTAL		545.000		200.713		1.526		0.562		81.850		3.145		124.903		1.767		126.671

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		2.104		0.599		0.000		0.000		0.000		15.872		15.872		15.189
12-2014		0.000		1.248		0.471		0.000		0.000		0.000		9.381		25.252		23.346
12-2015		0.000		0.959		0.420		0.000		0.000		0.000		7.120		32.373		28.968
12-2016		0.000		0.808		0.394		0.000		0.000		0.000		5.943		38.316		33.232
12-2017		0.000		0.712		0.377		0.000		0.000		0.000		5.189		43.505		36.616
12-2018		0.000		0.643		0.365		0.000		0.000		0.000		4.654		48.159		39.374
12-2019		0.000		0.591		0.356		0.000		0.000		0.000		4.248		52.407		41.663
12-2020		0.000		0.550		0.349		0.000		0.000		0.000		3.928		56.335		43.587
12-2021		0.000		0.517		0.343		0.000		0.000		0.000		3.667		60.002		45.220
12-2022		0.000		0.488		0.338		0.000		0.000		0.000		3.449		63.451		46.615
12-2023		0.000		0.464		0.334		0.000		0.000		0.000		3.257		66.709		47.814
12-2024		0.000		0.440		0.330		0.000		0.000		0.000		3.078		69.786		48.843
12-2025		0.000		0.418		0.326		0.000		0.000		0.000		2.908		72.694		49.727
12-2026		0.000		0.397		0.322		0.000		0.000		0.000		2.747		75.442		50.487
12-2027		0.000		0.377		0.319		0.000		0.000		0.000		2.595		78.037		51.139
S TOT		0.000		10.719		5.642		0.000		0.000		0.000		78.037		78.037		51.139
AFTER		0.000		3.707		4.245		0.000		0.000		0.000		24.321		102.358		54.625
TOTAL		0.000		14.426		9.887		0.000		0.000		0.000		102.358		102.358		54.625

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		1.526		0.562
NET REVENUE, M$		124.903		1.767
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.280		0.280

		P.W. %		P.W., M$
LIFE, YRS.	29.25		5.00		70.553
DISCOUNT %	10.00		10.00		54.625
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		50.390
DISCOUNTED PAYOUT, YRS.	0.00		15.00		45.391
UNDISCOUNTED NET/INVEST.	0.00		18.00		41.530
DISCOUNTED NET/INVEST.	0.00		20.00		39.408
RATE-OF-RETURN, PCT.	100.00		30.00		32.065
INITIAL W.I., PCT.	0.350		60.00		22.476
			80.00		19.445
			100.00		17.414

VIOLET 3-3	DATE	:	03/18/2013
163N 101W 3	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
2PDN	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		79.048		67.157		12.782		10.859		81.850		2.439		1046.213		26.483		1072.696
12-2014		46.972		34.156		7.595		5.523		81.850		3.500		621.679		19.331		641.010
12-2015		36.126		22.474		5.842		3.634		81.850		3.500		478.132		12.719		490.851
12-2016		30.484		16.241		4.929		2.626		81.850		3.500		403.457		9.191		412.649
12-2017		26.870		12.264		4.345		1.983		81.850		3.500		355.632		6.941		362.573
12-2018		24.300		9.503		3.929		1.537		81.850		3.500		321.619		5.378		326.997
12-2019		22.351		7.490		3.614		1.211		81.850		3.500		295.824		4.239		300.063
12-2020		20.807		5.975		3.365		0.966		81.850		3.500		275.390		3.381		278.772
12-2021		19.545		4.809		3.160		0.778		81.850		3.500		258.684		2.722		261.406
12-2022		18.488		3.899		2.989		0.630		81.850		3.500		244.689		2.206		246.895
12-2023		17.557		3.173		2.839		0.513		81.850		3.500		232.370		1.796		234.166
12-2024		16.679		2.583		2.697		0.418		81.850		3.500		220.752		1.462		222.214
12-2025		15.845		2.103		2.562		0.340		81.850		3.500		209.714		1.190		210.904
12-2026		15.053		1.712		2.434		0.277		81.850		3.500		199.228		0.969		200.197
12-2027		14.300		1.394		2.312		0.225		81.850		3.500		189.267		0.789		190.056
S TOT		404.427		194.934		65.396		31.521		81.850		3.134		5352.650		98.798		5451.449
AFTER		140.573		5.780		22.731		0.935		81.850		3.500		1860.503		3.271		1863.774
TOTAL		545.000		200.713		88.127		32.455		81.850		3.145		7213.153		102.069		7315.223

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		121.509		34.586		0.000		0.000		0.000		916.601		916.601		877.171
12-2014		0.000		72.101		27.177		0.000		0.000		0.000		541.732		1458.333		1348.225
12-2015		0.000		55.385		24.262		0.000		0.000		0.000		411.205		1869.538		1672.914
12-2016		0.000		46.686		22.745		0.000		0.000		0.000		343.217		2212.755		1919.167
12-2017		0.000		41.116		21.774		0.000		0.000		0.000		299.683		2512.439		2114.587
12-2018		0.000		37.155		21.083		0.000		0.000		0.000		268.759		2781.197		2273.883
12-2019		0.000		34.153		20.559		0.000		0.000		0.000		245.351		3026.548		2406.069
12-2020		0.000		31.776		20.144		0.000		0.000		0.000		226.851		3253.399		2517.168
12-2021		0.000		29.834		19.805		0.000		0.000		0.000		211.767		3465.166		2611.445
12-2022		0.000		28.209		19.521		0.000		0.000		0.000		199.166		3664.332		2692.047
12-2023		0.000		26.779		19.270		0.000		0.000		0.000		188.116		3852.449		2761.256
12-2024		0.000		25.432		19.034		0.000		0.000		0.000		177.747		4030.196		2820.705
12-2025		0.000		24.155		18.810		0.000		0.000		0.000		167.940		4198.135		2871.767
12-2026		0.000		22.942		18.597		0.000		0.000		0.000		158.658		4356.793		2915.622
12-2027		0.000		21.790		18.395		0.000		0.000		0.000		149.870		4506.664		2953.282
S TOT		0.000		619.022		325.763		0.000		0.000		0.000		4506.664		4506.664		2953.282
AFTER		0.000		214.061		245.140		0.000		0.000		0.000		1404.574		5911.237		3154.647
TOTAL		0.000		833.083		570.902		0.000		0.000		0.000		5911.238		5911.237		3154.647

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		88.127		32.455
NET REVENUE, M$		7213.152		102.069
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		16.170		16.170

		P.W. %		P.W., M$
LIFE, YRS.	29.25		5.00		4074.491
DISCOUNT %	10.00		10.00		3154.648
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		2910.037
DISCOUNTED PAYOUT, YRS.	0.00		15.00		2621.373
UNDISCOUNTED NET/INVEST.	0.00		18.00		2398.371
DISCOUNTED NET/INVEST.	0.00		20.00		2275.812
RATE-OF-RETURN, PCT.	100.00		30.00		1851.786
INITIAL W.I., PCT.	20.210		60.00		1297.968
			80.00		1122.958
			100.00		1005.686

WM BAILARD 112-1TFH	DATE	:	03/18/2013
163N 99W 1	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
2PDN	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		79.048		67.157		0.687		0.583		81.850		2.439		56.208		1.423		57.631
12-2014		46.972		34.156		0.408		0.297		81.850		3.500		33.400		1.039		34.439
12-2015		36.126		22.474		0.314		0.195		81.850		3.500		25.688		0.683		26.371
12-2016		30.484		16.241		0.265		0.141		81.850		3.500		21.676		0.494		22.170
12-2017		26.870		12.264		0.233		0.107		81.850		3.500		19.107		0.373		19.479
12-2018		24.300		9.503		0.211		0.083		81.850		3.500		17.279		0.289		17.568
12-2019		22.351		7.490		0.194		0.065		81.850		3.500		15.893		0.228		16.121
12-2020		20.807		5.975		0.181		0.052		81.850		3.500		14.795		0.182		14.977
12-2021		19.545		4.809		0.170		0.042		81.850		3.500		13.898		0.146		14.044
12-2022		18.488		3.899		0.161		0.034		81.850		3.500		13.146		0.119		13.265
12-2023		17.557		3.173		0.153		0.028		81.850		3.500		12.484		0.096		12.581
12-2024		16.679		2.583		0.145		0.022		81.850		3.500		11.860		0.079		11.939
12-2025		15.845		2.103		0.138		0.018		81.850		3.500		11.267		0.064		11.331
12-2026		15.053		1.712		0.131		0.015		81.850		3.500		10.704		0.052		10.756
12-2027		14.300		1.394		0.124		0.012		81.850		3.500		10.168		0.042		10.211
S TOT		404.427		194.934		3.513		1.693		81.850		3.134		287.574		5.308		292.882
AFTER		140.573		5.780		1.221		0.050		81.850		3.500		99.956		0.176		100.132
TOTAL		545.000		200.713		4.735		1.744		81.850		3.145		387.530		5.484		393.014

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		6.528		1.860		0.000		0.000		0.000		49.243		49.243		47.125
12-2014		0.000		3.874		1.462		0.000		0.000		0.000		29.103		78.346		72.431
12-2015		0.000		2.976		1.305		0.000		0.000		0.000		22.091		100.437		89.874
12-2016		0.000		2.508		1.223		0.000		0.000		0.000		18.438		118.875		103.103
12-2017		0.000		2.209		1.171		0.000		0.000		0.000		16.099		134.975		113.601
12-2018		0.000		1.996		1.134		0.000		0.000		0.000		14.438		149.413		122.159
12-2019		0.000		1.835		1.106		0.000		0.000		0.000		13.180		162.593		129.260
12-2020		0.000		1.707		1.083		0.000		0.000		0.000		12.187		174.780		135.228
12-2021		0.000		1.603		1.065		0.000		0.000		0.000		11.376		186.156		140.293
12-2022		0.000		1.516		1.050		0.000		0.000		0.000		10.699		196.855		144.623
12-2023		0.000		1.439		1.036		0.000		0.000		0.000		10.106		206.961		148.341
12-2024		0.000		1.366		1.024		0.000		0.000		0.000		9.548		216.509		151.534
12-2025		0.000		1.298		1.012		0.000		0.000		0.000		9.022		225.531		154.278
12-2026		0.000		1.233		1.000		0.000		0.000		0.000		8.523		234.054		156.633
12-2027		0.000		1.171		0.989		0.000		0.000		0.000		8.051		242.105		158.656
S TOT		0.000		33.257		17.519		0.000		0.000		0.000		242.105		242.105		158.656
AFTER		0.000		11.501		13.184		0.000		0.000		0.000		75.448		317.553		169.473
TOTAL		0.000		44.758		30.703		0.000		0.000		0.000		317.553		317.553		169.473

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		4.735		1.744
NET REVENUE, M$		387.530		5.484
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.869		0.869

		P.W. %		P.W., M$
LIFE, YRS.	29.25		5.00		218.886
DISCOUNT %	10.00		10.00		169.473
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		156.333
DISCOUNTED PAYOUT, YRS.	0.00		15.00		140.826
UNDISCOUNTED NET/INVEST.	0.00		18.00		128.846
DISCOUNTED NET/INVEST.	0.00		20.00		122.262
RATE-OF-RETURN, PCT.	100.00		30.00		99.483
INITIAL W.I., PCT.	1.087		60.00		69.731
			80.00		60.329
			100.00		54.029

1-1N (E)	DATE	:	03/18/2013
163N 101W 1	TIME	:	13:54:15
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		36.451		31.579		14.580		12.632		81.850		3.500		1193.399		44.211		1237.609
12-2014		33.568		25.732		13.427		10.293		81.850		3.500		1099.011		36.024		1135.035
12-2015		24.283		15.910		9.713		6.364		81.850		3.500		795.016		22.274		817.290
12-2016		20.037		11.240		8.015		4.496		81.850		3.500		656.003		15.737		671.739
12-2017		17.455		8.388		6.982		3.355		81.850		3.500		571.472		11.743		583.215
12-2018		15.671		6.452		6.268		2.581		81.850		3.500		513.059		9.033		522.092
12-2019		14.342		5.060		5.737		2.024		81.850		3.500		469.572		7.084		476.656
12-2020		13.304		4.022		5.321		1.609		81.850		3.500		435.565		5.631		441.195
12-2021		12.463		3.229		4.985		1.291		81.850		3.500		408.024		4.520		412.544
12-2022		11.763		2.612		4.705		1.045		81.850		3.500		385.129		3.656		388.785
12-2023		11.162		2.124		4.465		0.849		81.850		3.500		365.457		2.973		368.430
12-2024		10.604		1.729		4.242		0.692		81.850		3.500		347.184		2.421		349.605
12-2025		10.074		1.408		4.030		0.563		81.850		3.500		329.825		1.971		331.796
12-2026		9.570		1.146		3.828		0.458		81.850		3.500		313.334		1.605		314.938
12-2027		9.092		0.933		3.637		0.373		81.850		3.500		297.667		1.307		298.973
S TOT		249.839		121.563		99.935		48.625		81.850		3.500		8179.715		170.188		8349.903
AFTER		90.781		3.883		36.313		1.553		81.850		3.500		2972.185		5.436		2977.621
TOTAL		340.620		125.446		136.248		50.178		81.850		3.500		11151.900		175.624		11327.525

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		138.630		45.240		0.000		0.000		2975.000		-1921.261		-1921.261		-1915.783
12-2014		0.000		127.518		58.323		0.000		0.000		0.000		949.194		-972.067		-1089.696
12-2015		0.000		92.127		52.148		0.000		0.000		0.000		673.015		-299.052		-558.125
12-2016		0.000		75.935		49.324		0.000		0.000		0.000		546.480		247.428		-165.973
12-2017		0.000		66.088		47.607		0.000		0.000		0.000		469.519		716.948		140.227
12-2018		0.000		59.286		46.421		0.000		0.000		0.000		416.385		1133.333		387.041
12-2019		0.000		54.223		45.538		0.000		0.000		0.000		376.895		1510.228		590.110
12-2020		0.000		50.267		44.847		0.000		0.000		0.000		346.081		1856.309		759.609
12-2021		0.000		47.065		44.288		0.000		0.000		0.000		321.192		2177.501		902.607
12-2022		0.000		44.405		43.823		0.000		0.000		0.000		300.558		2478.059		1024.247
12-2023		0.000		42.121		43.423		0.000		0.000		0.000		282.886		2760.945		1128.324
12-2024		0.000		40.002		43.052		0.000		0.000		0.000		266.551		3027.495		1217.476
12-2025		0.000		37.992		42.699		0.000		0.000		0.000		251.105		3278.600		1293.827
12-2026		0.000		36.084		42.364		0.000		0.000		0.000		236.490		3515.090		1359.198
12-2027		0.000		34.273		42.046		0.000		0.000		0.000		222.655		3737.744		1415.149
S TOT		0.000		946.016		691.143		0.000		0.000		2975.000		3737.744		3737.744		1415.149
AFTER		0.000		341.972		585.370		0.000		0.000		0.000		2050.280		5788.024		1709.117
TOTAL		0.000		1287.988		1276.512		0.000		0.000		2975.000		5788.024		5788.024		1709.117

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		136.248		50.178
NET REVENUE, M$		11151.899		175.624
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		40.000		40.000

		P.W. %		P.W., M$
LIFE, YRS.	29.58		5.00		3070.417
DISCOUNT %	10.00		10.00		1709.117
UNDISCOUNTED PAYOUT, YRS.	3.55		12.00		1347.793
DISCOUNTED PAYOUT, YRS.	4.54		15.00		922.523
UNDISCOUNTED NET/INVEST.	2.95		18.00		595.482
DISCOUNTED NET/INVEST.	1.59		20.00		416.629
RATE-OF-RETURN, PCT.	26.26		30.00		-193.348
INITIAL W.I., PCT.	50.000		60.00		-938.940
			80.00		-1145.836
			100.00		-1269.514

1-2S-163-101 INFILL	DATE	:	03/18/2013
163N 101W 11	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		58.321		50.526		16.878		14.622		81.850		3.500		1381.478		51.178		1432.656
12-2015		53.709		41.171		15.543		11.915		81.850		3.500		1272.215		41.702		1313.916
12-2016		38.852		25.456		11.244		7.367		81.850		3.500		920.310		25.784		946.094
12-2017		32.059		17.985		9.278		5.205		81.850		3.500		759.388		18.217		777.605
12-2018		27.928		13.421		8.082		3.884		81.850		3.500		661.535		13.594		675.129
12-2019		25.073		10.323		7.256		2.988		81.850		3.500		593.917		10.456		604.374
12-2020		22.948		8.096		6.641		2.343		81.850		3.500		543.576		8.200		551.777
12-2021		21.286		6.435		6.160		1.862		81.850		3.500		504.210		6.518		510.728
12-2022		19.940		5.166		5.771		1.495		81.850		3.500		472.329		5.232		477.561
12-2023		18.821		4.178		5.447		1.209		81.850		3.500		445.825		4.232		450.057
12-2024		17.860		3.398		5.169		0.983		81.850		3.500		423.053		3.442		426.495
12-2025		16.967		2.767		4.910		0.801		81.850		3.500		401.900		2.802		404.702
12-2026		16.118		2.252		4.665		0.652		81.850		3.500		381.805		2.282		384.087
12-2027		15.313		1.834		4.431		0.531		81.850		3.500		362.715		1.858		364.572
S TOT		385.195		193.008		111.475		55.856		81.850		3.500		9124.255		195.497		9319.752
AFTER		159.805		7.706		46.248		2.230		81.850		3.500		3785.373		7.805		3793.177
TOTAL		545.000		200.713		157.723		58.086		81.850		3.500		12909.628		203.303		13112.930

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		0.000		160.478		43.259		0.000		0.000		2514.510		-1285.592		-1285.592		-1183.388
12-2015		0.000		147.615		51.894		0.000		0.000		0.000		1114.407		-171.185		-301.731
12-2016		0.000		106.646		44.745		0.000		0.000		0.000		794.703		623.518		268.869
12-2017		0.000		87.902		41.476		0.000		0.000		0.000		648.227		1271.745		691.733
12-2018		0.000		76.504		39.488		0.000		0.000		0.000		559.137		1830.883		1023.218
12-2019		0.000		68.629		38.115		0.000		0.000		0.000		497.630		2328.512		1291.367
12-2020		0.000		62.769		37.092		0.000		0.000		0.000		451.916		2780.428		1512.717
12-2021		0.000		58.189		36.292		0.000		0.000		0.000		416.246		3196.674		1698.043
12-2022		0.000		54.482		35.645		0.000		0.000		0.000		387.434		3584.108		1854.848
12-2023		0.000		51.403		35.106		0.000		0.000		0.000		363.548		3947.656		1988.603
12-2024		0.000		48.759		34.644		0.000		0.000		0.000		343.092		4290.748		2103.352
12-2025		0.000		46.307		34.214		0.000		0.000		0.000		324.182		4614.930		2201.920
12-2026		0.000		43.979		33.806		0.000		0.000		0.000		306.302		4921.231		2286.586
12-2027		0.000		41.771		33.418		0.000		0.000		0.000		289.384		5210.615		2359.303
S TOT		0.000		1055.433		539.194		0.000		0.000		2514.510		5210.615		5210.615		2359.303
AFTER		0.000		435.563		482.837		0.000		0.000		0.000		2874.778		8085.393		2757.909
TOTAL		0.000		1490.997		1022.031		0.000		0.000		2514.510		8085.393		8085.393		2757.909

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		157.723		58.086
NET REVENUE, M$		12909.628		203.303
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		28.940		28.940

		P.W. %		P.W., M$
LIFE, YRS.	30.58		5.00		4486.266
DISCOUNT %	10.00		10.00		2757.910
UNDISCOUNTED PAYOUT, YRS.	3.22		12.00		2312.734
DISCOUNTED PAYOUT, YRS.	3.53		15.00		1799.142
UNDISCOUNTED NET/INVEST.	4.22		18.00		1413.895
DISCOUNTED NET/INVEST.	2.24		20.00		1207.710
RATE-OF-RETURN, PCT.	49.32		30.00		538.366
INITIAL W.I., PCT.	36.180		60.00		-145.796
			80.00		-279.598
			100.00		-335.612

13-12(W)-163-101 INFILL	DATE	:	03/18/2013
163N 101W 12	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		39.105		34.401		11.145		9.804		81.850		3.500		912.214		34.315		946.530
12-2015		61.494		49.078		17.526		13.987		81.850		3.500		1434.484		48.956		1483.440
12-2016		41.368		28.181		11.790		8.031		81.850		3.500		964.992		28.110		993.102
12-2017		33.416		19.487		9.524		5.554		81.850		3.500		779.507		19.438		798.945
12-2018		28.809		14.390		8.210		4.101		81.850		3.500		672.027		14.354		686.381
12-2019		25.704		11.000		7.326		3.135		81.850		3.500		599.600		10.972		610.573
12-2020		23.428		8.591		6.677		2.448		81.850		3.500		546.514		8.569		555.083
12-2021		21.667		6.808		6.175		1.940		81.850		3.500		505.440		6.791		512.231
12-2022		20.252		5.453		5.772		1.554		81.850		3.500		472.435		5.439		477.874
12-2023		19.083		4.403		5.439		1.255		81.850		3.500		445.158		4.392		449.550
12-2024		18.091		3.577		5.156		1.020		81.850		3.500		422.009		3.568		425.578
12-2025		17.186		2.912		4.898		0.830		81.850		3.500		400.897		2.905		403.803
12-2026		16.327		2.371		4.653		0.676		81.850		3.500		380.853		2.365		383.218
12-2027		15.510		1.931		4.420		0.550		81.850		3.500		361.810		1.926		363.736
S TOT		381.440		192.584		108.710		54.886		81.850		3.500		8897.941		192.102		9090.043
AFTER		163.560		8.130		46.615		2.317		81.850		3.500		3815.409		8.109		3823.519
TOTAL		545.000		200.713		155.325		57.203		81.850		3.500		12713.350		200.212		12913.562

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		0.000		105.983		27.075		0.000		0.000		2475.590		-1662.118		-1662.118		-1461.516
12-2015		0.000		166.504		54.779		0.000		0.000		0.000		1262.157		-399.961		-461.869
12-2016		0.000		111.857		45.244		0.000		0.000		0.000		836.000		436.039		138.533
12-2017		0.000		90.254		41.477		0.000		0.000		0.000		667.214		1103.253		573.831
12-2018		0.000		77.734		39.294		0.000		0.000		0.000		569.353		1672.605		911.394
12-2019		0.000		69.299		37.823		0.000		0.000		0.000		503.450		2176.055		1182.690
12-2020		0.000		63.118		36.745		0.000		0.000		0.000		455.219		2631.275		1405.664
12-2021		0.000		58.339		35.911		0.000		0.000		0.000		417.981		3049.256		1591.767
12-2022		0.000		54.501		35.241		0.000		0.000		0.000		388.132		3437.388		1748.857
12-2023		0.000		51.331		34.687		0.000		0.000		0.000		363.532		3800.920		1882.607
12-2024		0.000		48.643		34.217		0.000		0.000		0.000		342.718		4143.638		1997.232
12-2025		0.000		46.195		33.788		0.000		0.000		0.000		323.820		4467.458		2095.690
12-2026		0.000		43.872		33.381		0.000		0.000		0.000		305.965		4773.422		2180.262
12-2027		0.000		41.669		32.994		0.000		0.000		0.000		289.073		5062.495		2252.902
S TOT		0.000		1029.301		522.658		0.000		0.000		2475.590		5062.495		5062.495		2252.902
AFTER		0.000		439.027		483.554		0.000		0.000		0.000		2900.938		7963.433		2652.719
TOTAL		0.000		1468.328		1006.211		0.000		0.000		2475.590		7963.433		7963.433		2652.719

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		155.325		57.203
NET REVENUE, M$		12713.352		200.212
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		28.500		28.500

		P.W. %		P.W., M$
LIFE, YRS.	30.83		5.00		4365.284
DISCOUNT %	10.00		10.00		2652.719
UNDISCOUNTED PAYOUT, YRS.	3.48		12.00		2214.610
DISCOUNTED PAYOUT, YRS.	3.77		15.00		1711.574
UNDISCOUNTED NET/INVEST.	4.22		18.00		1336.550
DISCOUNTED NET/INVEST.	2.24		20.00		1136.927
RATE-OF-RETURN, PCT.	49.36		30.00		497.018
INITIAL W.I., PCT.	35.620		60.00		-127.307
			80.00		-237.423
			100.00		-277.673

1-3E-163-101	DATE	:	03/18/2013
163N 101W 1	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		63.907		55.092		10.334		8.908		81.850		3.500		845.825		31.179		877.004
12-2014		51.741		39.140		8.367		6.329		81.850		3.500		684.800		22.151		706.951
12-2015		38.112		24.649		6.163		3.986		81.850		3.500		504.422		13.950		518.372
12-2016		31.642		17.523		5.117		2.834		81.850		3.500		418.787		9.917		428.704
12-2017		27.652		13.118		4.471		2.121		81.850		3.500		365.974		7.424		373.398
12-2018		24.873		10.110		4.022		1.635		81.850		3.500		329.198		5.722		334.920
12-2019		22.794		7.939		3.686		1.284		81.850		3.500		301.686		4.493		306.179
12-2020		21.163		6.316		3.422		1.021		81.850		3.500		280.099		3.575		283.674
12-2021		19.839		5.074		3.208		0.820		81.850		3.500		262.574		2.872		265.445
12-2022		18.736		4.106		3.030		0.664		81.850		3.500		247.977		2.324		250.301
12-2023		17.784		3.340		2.876		0.540		81.850		3.500		235.369		1.890		237.260
12-2024		16.894		2.720		2.732		0.440		81.850		3.500		223.601		1.539		225.140
12-2025		16.050		2.214		2.595		0.358		81.850		3.500		212.421		1.253		213.674
12-2026		15.247		1.803		2.465		0.292		81.850		3.500		201.800		1.020		202.820
12-2027		14.485		1.468		2.342		0.237		81.850		3.500		191.710		0.831		192.540
S TOT		400.920		194.612		64.829		31.469		81.850		3.500		5306.239		110.141		5416.381
AFTER		144.080		6.102		23.298		0.987		81.850		3.500		1906.914		3.453		1910.367
TOTAL		545.000		200.714		88.127		32.455		81.850		3.500		7213.153		113.594		7326.748

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		98.250		26.879		0.000		0.000		1404.595		-652.719		-652.719		-673.234
12-2014		0.000		79.448		28.459		0.000		0.000		0.000		599.044		-53.676		-152.044
12-2015		0.000		58.447		24.796		0.000		0.000		0.000		435.130		381.454		191.599
12-2016		0.000		48.472		23.056		0.000		0.000		0.000		357.176		738.630		447.890
12-2017		0.000		42.320		21.984		0.000		0.000		0.000		309.094		1047.724		649.458
12-2018		0.000		38.038		21.237		0.000		0.000		0.000		275.645		1323.369		812.841
12-2019		0.000		34.835		20.678		0.000		0.000		0.000		250.666		1574.035		947.894
12-2020		0.000		32.324		20.240		0.000		0.000		0.000		231.110		1805.145		1061.081
12-2021		0.000		30.286		19.884		0.000		0.000		0.000		215.275		2020.420		1156.921
12-2022		0.000		28.590		19.587		0.000		0.000		0.000		202.123		2222.543		1238.721
12-2023		0.000		27.127		19.331		0.000		0.000		0.000		190.801		2413.344		1308.918
12-2024		0.000		25.762		19.092		0.000		0.000		0.000		180.285		2593.629		1369.215
12-2025		0.000		24.468		18.865		0.000		0.000		0.000		170.341		2763.970		1421.008
12-2026		0.000		23.239		18.650		0.000		0.000		0.000		160.931		2924.901		1465.491
12-2027		0.000		22.073		18.445		0.000		0.000		0.000		152.023		3076.924		1503.692
S TOT		0.000		613.679		321.182		0.000		0.000		1404.595		3076.924		3076.924		1503.692
AFTER		0.000		219.404		249.720		0.000		0.000		0.000		1441.243		4518.168		1708.991
TOTAL		0.000		833.083		570.902		0.000		0.000		1404.595		4518.167		4518.168		1708.991	��

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.714
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.714
NET RES., MB & MMF		88.126		32.455
NET REVENUE, M$		7213.152		113.594
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		16.170		16.170

		P.W. %		P.W., M$
LIFE, YRS.	29.50		5.00		2643.171
DISCOUNT %	10.00		10.00		1708.991
UNDISCOUNTED PAYOUT, YRS.	2.12		12.00		1461.432
DISCOUNTED PAYOUT, YRS.	2.44		15.00		1169.989
UNDISCOUNTED NET/INVEST.	4.22		18.00		945.544
DISCOUNTED NET/INVEST.	2.24		20.00		822.545
RATE-OF-RETURN, PCT.	49.23		30.00		400.070
INITIAL W.I., PCT.	20.210		60.00		-135.192
			80.00		-294.973
			100.00		-397.005

16-33S-164-101	DATE	:	03/18/2013
163N 101W 9	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		52.382		45.610		18.638		16.228		81.850		3.500		1525.482		56.798		1582.280
12-2014		55.938		43.455		19.903		15.461		81.850		3.500		1629.045		54.115		1683.160
12-2015		39.638		26.310		14.103		9.361		81.850		3.500		1154.349		32.764		1187.113
12-2016		32.493		18.465		11.561		6.570		81.850		3.500		946.255		22.994		969.249
12-2017		28.212		13.733		10.038		4.886		81.850		3.500		821.605		17.102		838.708
12-2018		25.278		10.543		8.994		3.751		81.850		3.500		736.157		13.129		749.285
12-2019		23.105		8.257		8.221		2.938		81.850		3.500		672.860		10.282		683.142
12-2020		21.411		6.557		7.618		2.333		81.850		3.500		623.532		8.165		631.697
12-2021		20.043		5.260		7.131		1.871		81.850		3.500		583.685		6.550		590.235
12-2022		18.907		4.252		6.727		1.513		81.850		3.500		550.623		5.295		555.918
12-2023		17.936		3.457		6.382		1.230		81.850		3.500		522.347		4.305		526.652
12-2024		17.040		2.814		6.063		1.001		81.850		3.500		496.228		3.505		499.733
12-2025		16.188		2.291		5.760		0.815		81.850		3.500		471.417		2.854		474.271
12-2026		15.378		1.866		5.472		0.664		81.850		3.500		447.846		2.323		450.169
12-2027		14.609		1.519		5.198		0.540		81.850		3.500		425.454		1.892		427.345
S TOT		398.558		194.388		141.807		69.163		81.850		3.500		11606.885		242.071		11848.956
AFTER		146.442		6.326		52.104		2.251		81.850		3.500		4264.729		7.878		4272.606
TOTAL		545.000		200.713		193.911		71.414		81.850		3.500		15871.614		249.948		16121.562

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		177.216		47.001		0.000		0.000		3091.360		-1733.297		-1733.297		-1726.032
12-2014		0.000		189.041		65.118		0.000		0.000		0.000		1429.001		-304.296		-482.058
12-2015		0.000		133.780		55.475		0.000		0.000		0.000		997.858		693.562		306.114
12-2016		0.000		109.542		51.248		0.000		0.000		0.000		808.459		1502.021		886.264
12-2017		0.000		95.022		48.716		0.000		0.000		0.000		694.970		2196.991		1339.488
12-2018		0.000		85.071		46.980		0.000		0.000		0.000		617.235		2814.226		1705.351
12-2019		0.000		77.702		45.694		0.000		0.000		0.000		559.746		3373.972		2006.936
12-2020		0.000		71.963		44.692		0.000		0.000		0.000		515.042		3889.014		2259.183
12-2021		0.000		67.330		43.882		0.000		0.000		0.000		479.023		4368.038		2472.445
12-2022		0.000		63.488		43.211		0.000		0.000		0.000		449.219		4817.256		2654.247
12-2023		0.000		60.205		42.636		0.000		0.000		0.000		423.810		5241.067		2810.168
12-2024		0.000		57.176		42.106		0.000		0.000		0.000		400.451		5641.518		2944.102
12-2025		0.000		54.303		41.602		0.000		0.000		0.000		378.366		6019.884		3059.146
12-2026		0.000		51.575		41.123		0.000		0.000		0.000		357.471		6377.355		3157.955
12-2027		0.000		48.987		40.668		0.000		0.000		0.000		337.691		6715.045		3242.811
S TOT		0.000		1342.400		700.151		0.000		0.000		3091.360		6715.045		6715.045		3242.811
AFTER		0.000		490.691		556.342		0.000		0.000		0.000		3225.573		9940.619		3700.337
TOTAL		0.000		1833.091		1256.493		0.000		0.000		3091.360		9940.619		9940.619		3700.337

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		193.911		71.414
NET REVENUE, M$		15871.613		249.949
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		35.580		35.580

		P.W. %		P.W., M$
LIFE, YRS.	29.67		5.00		5767.972
DISCOUNT %	10.00		10.00		3700.337
UNDISCOUNTED PAYOUT, YRS.	2.30		12.00		3154.726
DISCOUNTED PAYOUT, YRS.	2.61		15.00		2514.358
UNDISCOUNTED NET/INVEST.	4.22		18.00		2023.178
DISCOUNTED NET/INVEST.	2.24		20.00		1754.984
RATE-OF-RETURN, PCT.	49.23		30.00		841.924
INITIAL W.I., PCT.	44.480		60.00		-275.709
			80.00		-589.102
			100.00		-778.848

2-16-163-101	DATE	:	03/18/2013
163N 101W 9	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		22.901		20.364		2.863		2.545		81.850		3.500		234.307		8.909		243.216
12-2014		69.513		57.041		8.689		7.130		81.850		3.500		711.203		24.955		736.158
12-2015		43.352		30.312		5.419		3.789		81.850		3.500		443.545		13.261		456.806
12-2016		34.424		20.600		4.303		2.575		81.850		3.500		352.203		9.013		361.216
12-2017		29.445		15.092		3.681		1.886		81.850		3.500		301.257		6.603		307.860
12-2018		26.152		11.484		3.269		1.435		81.850		3.500		267.566		5.024		272.590
12-2019		23.766		8.942		2.971		1.118		81.850		3.500		243.152		3.912		247.064
12-2020		21.933		7.071		2.742		0.884		81.850		3.500		224.406		3.094		227.499
12-2021		20.469		5.655		2.559		0.707		81.850		3.500		209.424		2.474		211.899
12-2022		19.264		4.561		2.408		0.570		81.850		3.500		197.095		1.995		199.090
12-2023		18.248		3.702		2.281		0.463		81.850		3.500		186.695		1.620		188.314
12-2024		17.333		3.014		2.167		0.377		81.850		3.500		177.342		1.319		178.660
12-2025		16.467		2.454		2.058		0.307		81.850		3.500		168.475		1.074		169.548
12-2026		15.643		1.998		1.955		0.250		81.850		3.500		160.051		0.874		160.925
12-2027		14.861		1.627		1.858		0.203		81.850		3.500		152.048		0.712		152.760
S TOT		393.771		193.916		49.221		24.239		81.850		3.500		4028.768		84.838		4113.605
AFTER		151.229		6.798		18.904		0.850		81.850		3.500		1547.263		2.974		1550.237
TOTAL		545.000		200.713		68.125		25.089		81.850		3.500		5576.031		87.812		5663.842

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		27.225		6.636		0.000		0.000		1086.285		-876.931		-876.931		-827.476
12-2014		0.000		82.573		25.704		0.000		0.000		0.000		627.882		-249.049		-279.752
12-2015		0.000		51.424		20.266		0.000		0.000		0.000		385.116		136.067		24.554
12-2016		0.000		40.787		18.410		0.000		0.000		0.000		302.019		438.086		241.317
12-2017		0.000		34.852		17.375		0.000		0.000		0.000		255.633		693.719		408.043
12-2018		0.000		30.928		16.690		0.000		0.000		0.000		224.972		918.692		541.402
12-2019		0.000		28.085		16.194		0.000		0.000		0.000		202.784		1121.476		650.664
12-2020		0.000		25.904		15.813		0.000		0.000		0.000		185.782		1307.258		741.656
12-2021		0.000		24.162		15.509		0.000		0.000		0.000		172.228		1479.487		818.334
12-2022		0.000		22.729		15.258		0.000		0.000		0.000		161.104		1640.590		883.535
12-2023		0.000		21.521		15.047		0.000		0.000		0.000		151.747		1792.337		939.363
12-2024		0.000		20.436		14.857		0.000		0.000		0.000		143.368		1935.705		987.314
12-2025		0.000		19.408		14.677		0.000		0.000		0.000		135.463		2071.168		1028.502
12-2026		0.000		18.433		14.506		0.000		0.000		0.000		127.986		2199.155		1063.879
12-2027		0.000		17.508		14.343		0.000		0.000		0.000		120.909		2320.064		1094.261
S TOT		0.000		465.975		241.283		0.000		0.000		1086.285		2320.064		2320.064		1094.261
AFTER		0.000		178.029		200.241		0.000		0.000		0.000		1171.967		3492.031		1259.110
TOTAL		0.000		644.003		441.524		0.000		0.000		1086.285		3492.031		3492.031		1259.110

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		68.125		25.089
NET REVENUE, M$		5576.030		87.812
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		12.500		12.500

		P.W. %		P.W., M$
LIFE, YRS.	30.00		5.00		1993.451
DISCOUNT %	10.00		10.00		1259.110
UNDISCOUNTED PAYOUT, YRS.	2.65		12.00		1066.997
DISCOUNTED PAYOUT, YRS.	2.92		15.00		842.909
UNDISCOUNTED NET/INVEST.	4.21		18.00		672.410
DISCOUNTED NET/INVEST.	2.24		20.00		579.990
RATE-OF-RETURN, PCT.	49.26		30.00		270.815
INITIAL W.I., PCT.	15.630		60.00		-82.988
			80.00		-170.297
			100.00		-217.323

3-1-163-101 INFILL	DATE	:	03/18/2013
163N 101W 12	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		79.048		67.157		22.529		19.140		81.850		3.500		1843.975		66.989		1910.964
12-2015		46.972		34.156		13.387		9.735		81.850		3.500		1095.724		34.071		1129.795
12-2016		36.126		22.474		10.296		6.405		81.850		3.500		842.719		22.418		865.137
12-2017		30.484		16.241		8.688		4.629		81.850		3.500		711.103		16.200		727.303
12-2018		26.870		12.264		7.658		3.495		81.850		3.500		626.810		12.233		639.044
12-2019		24.300		9.503		6.926		2.708		81.850		3.500		566.860		9.479		576.339
12-2020		22.351		7.490		6.370		2.135		81.850		3.500		521.396		7.471		528.867
12-2021		20.807		5.975		5.930		1.703		81.850		3.500		485.382		5.960		491.341
12-2022		19.545		4.809		5.570		1.371		81.850		3.500		455.936		4.797		460.734
12-2023		18.488		3.899		5.269		1.111		81.850		3.500		431.270		3.889		435.159
12-2024		17.557		3.173		5.004		0.904		81.850		3.500		409.558		3.165		412.723
12-2025		16.679		2.583		4.754		0.736		81.850		3.500		389.080		2.577		391.657
12-2026		15.845		2.103		4.516		0.599		81.850		3.500		369.626		2.098		371.724
12-2027		15.053		1.712		4.290		0.488		81.850		3.500		351.145		1.708		352.853
S TOT		390.127		193.540		111.186		55.159		81.850		3.500		9100.584		193.056		9293.639
AFTER		154.873		7.174		44.139		2.045		81.850		3.500		3612.767		7.156		3619.923
TOTAL		545.000		200.713		155.325		57.203		81.850		3.500		12713.351		200.212		12913.562

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		2475.590		-2475.590		-2475.590		-2268.482
12-2014		0.000		214.162		60.958		0.000		0.000		0.000		1635.844		-839.746		-844.812
12-2015		0.000		127.079		47.899		0.000		0.000		0.000		954.817		115.071		-90.044
12-2016		0.000		97.617		42.761		0.000		0.000		0.000		724.759		839.830		430.204
12-2017		0.000		82.286		40.088		0.000		0.000		0.000		604.929		1444.759		824.774
12-2018		0.000		72.468		38.376		0.000		0.000		0.000		528.200		1972.958		1137.895
12-2019		0.000		65.487		37.159		0.000		0.000		0.000		473.694		2446.652		1393.134
12-2020		0.000		60.195		36.235		0.000		0.000		0.000		432.437		2879.089		1604.935
12-2021		0.000		56.006		35.504		0.000		0.000		0.000		399.831		3278.920		1782.948
12-2022		0.000		52.583		34.906		0.000		0.000		0.000		373.244		3652.165		1934.008
12-2023		0.000		49.718		34.405		0.000		0.000		0.000		351.036		4003.200		2063.156
12-2024		0.000		47.199		33.964		0.000		0.000		0.000		331.560		4334.761		2174.050
12-2025		0.000		44.825		33.548		0.000		0.000		0.000		313.284		4648.044		2269.304
12-2026		0.000		42.573		33.153		0.000		0.000		0.000		295.998		4944.042		2351.122
12-2027		0.000		40.435		32.778		0.000		0.000		0.000		279.640		5223.682		2421.390
S TOT		0.000		1052.635		541.733		0.000		0.000		2475.590		5223.682		5223.682		2421.390
AFTER		0.000		415.693		464.478		0.000		0.000		0.000		2739.752		7963.435		2804.381
TOTAL		0.000		1468.328		1006.212		0.000		0.000		2475.590		7963.434		7963.435		2804.381

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		155.325		57.203
NET REVENUE, M$		12713.352		200.212
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		28.500		28.500

		P.W. %		P.W., M$
LIFE, YRS.	30.25		5.00		4491.309
DISCOUNT %	10.00		10.00		2804.381
UNDISCOUNTED PAYOUT, YRS.	2.88		12.00		2365.961
DISCOUNTED PAYOUT, YRS.	3.17		15.00		1856.960
UNDISCOUNTED NET/INVEST.	4.22		18.00		1472.030
DISCOUNTED NET/INVEST.	2.24		20.00		1264.509
RATE-OF-RETURN, PCT.	49.31		30.00		579.214
INITIAL W.I., PCT.	35.620		60.00		-167.464
			80.00		-334.527
			100.00		-416.040

3-1N-163-101	DATE	:	03/18/2013
163N 101W 9	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		52.293		44.216		20.917		17.686		81.850		3.500		1712.089		61.902		1773.990
12-2015		28.539		20.483		11.416		8.193		81.850		3.500		934.378		28.676		963.055
12-2016		22.207		13.637		8.883		5.455		81.850		3.500		727.046		19.092		746.138
12-2017		18.828		9.903		7.531		3.961		81.850		3.500		616.438		13.864		630.302
12-2018		16.640		7.498		6.656		2.999		81.850		3.500		544.799		10.497		555.296
12-2019		15.074		5.819		6.030		2.328		81.850		3.500		493.517		8.147		501.664
12-2020		13.881		4.592		5.552		1.837		81.850		3.500		454.460		6.429		460.888
12-2021		12.933		3.666		5.173		1.466		81.850		3.500		423.427		5.133		428.560
12-2022		12.156		2.953		4.863		1.181		81.850		3.500		397.998		4.134		402.133
12-2023		11.504		2.395		4.602		0.958		81.850		3.500		376.652		3.353		380.005
12-2024		10.926		1.949		4.371		0.780		81.850		3.500		357.729		2.729		360.458
12-2025		10.380		1.587		4.152		0.635		81.850		3.500		339.843		2.222		342.065
12-2026		9.861		1.292		3.944		0.517		81.850		3.500		322.850		1.809		324.660
12-2027		9.368		1.052		3.747		0.421		81.850		3.500		306.708		1.473		308.181
S TOT		244.592		121.042		97.837		48.417		81.850		3.500		8007.934		169.459		8177.392
AFTER		96.028		4.404		38.411		1.762		81.850		3.500		3143.967		6.165		3150.132
TOTAL		340.620		125.446		136.248		50.178		81.850		3.500		11151.900		175.624		11327.524

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		2975.000		-2975.000		-2975.000		-2747.850
12-2014		0.000		198.836		70.775		0.000		0.000		0.000		1504.380		-1470.620		-1431.955
12-2015		0.000		108.355		54.979		0.000		0.000		0.000		799.721		-670.899		-799.854
12-2016		0.000		84.210		50.767		0.000		0.000		0.000		611.160		-59.739		-361.158
12-2017		0.000		71.326		48.521		0.000		0.000		0.000		510.455		450.716		-28.208
12-2018		0.000		62.982		47.066		0.000		0.000		0.000		445.248		895.964		235.742
12-2019		0.000		57.010		46.024		0.000		0.000		0.000		398.629		1294.593		450.537
12-2020		0.000		52.465		45.231		0.000		0.000		0.000		363.193		1657.786		628.426
12-2021		0.000		48.855		44.600		0.000		0.000		0.000		335.104		1992.890		777.624
12-2022		0.000		45.900		44.084		0.000		0.000		0.000		312.149		2305.039		903.959
12-2023		0.000		43.420		43.650		0.000		0.000		0.000		292.934		2597.973		1011.734
12-2024		0.000		41.225		43.266		0.000		0.000		0.000		275.968		2873.940		1104.035
12-2025		0.000		39.152		42.903		0.000		0.000		0.000		260.010		3133.950		1183.094
12-2026		0.000		37.185		42.558		0.000		0.000		0.000		244.917		3378.868		1250.794
12-2027		0.000		35.318		42.230		0.000		0.000		0.000		230.633		3609.501		1308.750
S TOT		0.000		926.238		666.654		0.000		0.000		2975.000		3609.501		3609.501		1308.750
AFTER		0.000		361.750		609.859		0.000		0.000		0.000		2178.523		5788.024		1616.688
TOTAL		0.000		1287.988		1276.512		0.000		0.000		2975.000		5788.024		5788.024		1616.688

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		136.248		50.178
NET REVENUE, M$		11151.899		175.624
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		40.000		40.000

		P.W. %		P.W., M$
LIFE, YRS.	30.17		5.00		2984.262
DISCOUNT %	10.00		10.00		1616.688
UNDISCOUNTED PAYOUT, YRS.	4.12		12.00		1261.574
DISCOUNTED PAYOUT, YRS.	5.11		15.00		850.296
UNDISCOUNTED NET/INVEST.	2.95		18.00		540.677
DISCOUNTED NET/INVEST.	1.59		20.00		374.593
RATE-OF-RETURN, PCT.	26.28		30.00		-165.910
INITIAL W.I., PCT.	50.000		60.00		-713.785
			80.00		-813.230
			100.00		-847.299

4-2S(W)-163-101	DATE	:	03/18/2013
163N 101W 2	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		12.817		11.461		3.709		3.317		81.850		3.500		303.591		11.609		315.199
12-2014		75.302		62.694		21.792		18.144		81.850		3.500		1783.715		63.503		1847.217
12-2015		44.461		31.495		12.867		9.115		81.850		3.500		1053.166		31.902		1085.068
12-2016		34.964		21.196		10.119		6.134		81.850		3.500		828.210		21.469		849.679
12-2017		29.779		15.461		8.618		4.475		81.850		3.500		705.390		15.661		721.051
12-2018		26.385		11.736		7.636		3.396		81.850		3.500		624.989		11.887		636.877
12-2019		23.940		9.124		6.928		2.640		81.850		3.500		567.073		9.242		576.315
12-2020		22.070		7.208		6.387		2.086		81.850		3.500		522.782		7.301		530.083
12-2021		20.580		5.759		5.956		1.667		81.850		3.500		487.488		5.834		493.322
12-2022		19.356		4.642		5.602		1.343		81.850		3.500		458.503		4.702		463.204
12-2023		18.327		3.766		5.304		1.090		81.850		3.500		434.115		3.815		437.930
12-2024		17.408		3.066		5.038		0.887		81.850		3.500		412.341		3.106		415.446
12-2025		16.537		2.496		4.786		0.722		81.850		3.500		391.724		2.529		394.252
12-2026		15.710		2.032		4.547		0.588		81.850		3.500		372.137		2.059		374.196
12-2027		14.925		1.655		4.319		0.479		81.850		3.500		353.531		1.676		355.207
S TOT		392.561		193.792		113.607		56.084		81.850		3.500		9298.754		196.292		9495.047
AFTER		152.439		6.921		44.116		2.003		81.850		3.500		3610.874		7.010		3617.884
TOTAL		545.000		200.713		157.723		58.086		81.850		3.500		12909.628		203.303		13112.931

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		35.278		8.338		0.000		0.000		2514.510		-2242.927		-2242.927		-2093.163
12-2014		0.000		207.123		62.285		0.000		0.000		0.000		1577.810		-665.117		-715.374
12-2015		0.000		122.117		47.444		0.000		0.000		0.000		915.507		250.391		8.116
12-2016		0.000		95.919		42.874		0.000		0.000		0.000		710.886		961.276		518.353
12-2017		0.000		81.612		40.379		0.000		0.000		0.000		599.060		1560.336		909.074
12-2018		0.000		72.247		38.746		0.000		0.000		0.000		525.883		2086.219		1220.812
12-2019		0.000		65.504		37.569		0.000		0.000		0.000		473.242		2559.461		1475.801
12-2020		0.000		60.349		36.670		0.000		0.000		0.000		433.064		2992.525		1687.906
12-2021		0.000		56.244		35.953		0.000		0.000		0.000		401.125		3393.650		1866.493
12-2022		0.000		52.876		35.364		0.000		0.000		0.000		374.965		3768.615		2018.248
12-2023		0.000		50.043		34.868		0.000		0.000		0.000		353.018		4121.633		2148.125
12-2024		0.000		47.517		34.426		0.000		0.000		0.000		333.503		4455.137		2259.668
12-2025		0.000		45.128		34.007		0.000		0.000		0.000		315.117		4770.254		2355.480
12-2026		0.000		42.861		33.609		0.000		0.000		0.000		297.726		5067.981		2437.775
12-2027		0.000		40.709		33.231		0.000		0.000		0.000		281.267		5349.248		2508.453
S TOT		0.000		1075.526		555.763		0.000		0.000		2514.510		5349.248		5349.248		2508.453
AFTER		0.000		415.471		466.267		0.000		0.000		0.000		2736.146		8085.394		2892.521
TOTAL		0.000		1490.996		1022.031		0.000		0.000		2514.510		8085.393		8085.394		2892.521

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		157.723		58.086
NET REVENUE, M$		12909.628		203.303
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		28.940		28.940

		P.W. %		P.W., M$
LIFE, YRS.	30.08		5.00		4597.054
DISCOUNT %	10.00		10.00		2892.521
UNDISCOUNTED PAYOUT, YRS.	2.73		12.00		2447.568
DISCOUNTED PAYOUT, YRS.	2.99		15.00		1929.365
UNDISCOUNTED NET/INVEST.	4.22		18.00		1535.883
DISCOUNTED NET/INVEST.	2.24		20.00		1322.980
RATE-OF-RETURN, PCT.	49.27		30.00		613.831
INITIAL W.I., PCT.	36.180		60.00		-184.419
			80.00		-375.120
			100.00		-474.627

ADAMS 4-18HNA	DATE	:	03/18/2013
163N 100W 18	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		83.670		70.745		12.395		10.480		81.850		3.500		1014.513		36.680		1051.194
12-2015		45.663		32.772		6.764		4.855		81.850		3.500		553.674		16.992		570.666
12-2016		35.531		21.819		5.264		3.232		81.850		3.500		430.818		11.313		442.131
12-2017		30.125		15.844		4.463		2.347		81.850		3.500		365.276		8.215		373.491
12-2018		26.624		11.996		3.944		1.777		81.850		3.500		322.826		6.220		329.045
12-2019		24.118		9.311		3.573		1.379		81.850		3.500		292.438		4.828		297.265
12-2020		22.209		7.347		3.290		1.088		81.850		3.500		269.294		3.809		273.103
12-2021		20.693		5.866		3.065		0.869		81.850		3.500		250.906		3.041		253.947
12-2022		19.450		4.725		2.881		0.700		81.850		3.500		235.837		2.450		238.287
12-2023		18.407		3.832		2.727		0.568		81.850		3.500		223.188		1.987		225.175
12-2024		17.482		3.119		2.590		0.462		81.850		3.500		211.975		1.617		213.593
12-2025		16.608		2.539		2.460		0.376		81.850		3.500		201.377		1.317		202.693
12-2026		15.778		2.068		2.337		0.306		81.850		3.500		191.308		1.072		192.380
12-2027		14.989		1.683		2.220		0.249		81.850		3.500		181.742		0.873		182.615
S TOT		391.347		193.667		57.974		28.690		81.850		3.500		4745.172		100.414		4845.586
AFTER		153.653		7.046		22.762		1.044		81.850		3.500		1863.084		3.653		1866.737
TOTAL		545.000		200.713		80.736		29.734		81.850		3.500		6608.256		104.068		6712.324

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		1287.183		-1287.183		-1287.183		-1188.903
12-2014		0.000		117.822		33.945		0.000		0.000		0.000		899.427		-387.755		-402.226
12-2015		0.000		64.207		24.583		0.000		0.000		0.000		481.877		94.122		-21.367
12-2016		0.000		49.900		22.087		0.000		0.000		0.000		370.144		464.266		244.317
12-2017		0.000		42.265		20.755		0.000		0.000		0.000		310.470		774.736		446.819
12-2018		0.000		37.320		19.893		0.000		0.000		0.000		271.832		1046.568		607.960
12-2019		0.000		33.782		19.276		0.000		0.000		0.000		244.207		1290.776		739.544
12-2020		0.000		31.089		18.806		0.000		0.000		0.000		223.209		1513.985		848.868
12-2021		0.000		28.950		18.432		0.000		0.000		0.000		206.565		1720.551		940.834
12-2022		0.000		27.198		18.126		0.000		0.000		0.000		192.963		1913.514		1018.930
12-2023		0.000		25.729		17.869		0.000		0.000		0.000		181.577		2095.091		1085.734
12-2024		0.000		24.428		17.641		0.000		0.000		0.000		171.524		2266.614		1143.101
12-2025		0.000		23.200		17.426		0.000		0.000		0.000		162.068		2428.682		1192.378
12-2026		0.000		22.034		17.221		0.000		0.000		0.000		153.125		2581.807		1234.703
12-2027		0.000		20.928		17.027		0.000		0.000		0.000		144.661		2726.467		1271.054
S TOT		0.000		548.851		283.086		0.000		0.000		1287.183		2726.467		2726.467		1271.054
AFTER		0.000		214.369		240.094		0.000		0.000		0.000		1412.275		4138.742		1468.884
TOTAL		0.000		763.220		523.180		0.000		0.000		1287.183		4138.742		4138.742		1468.884

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		80.736		29.734
NET REVENUE, M$		6608.256		104.068
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		14.814		14.814

		P.W. %		P.W., M$
LIFE, YRS.	30.17		5.00		2343.571
DISCOUNT %	10.00		10.00		1468.884
UNDISCOUNTED PAYOUT, YRS.	2.80		12.00		1241.057
DISCOUNTED PAYOUT, YRS.	3.08		15.00		976.138
UNDISCOUNTED NET/INVEST.	4.22		18.00		775.388
DISCOUNTED NET/INVEST.	2.24		20.00		666.965
RATE-OF-RETURN, PCT.	49.28		30.00		307.382
INITIAL W.I., PCT.	18.521		60.00		-90.804
			80.00		-182.865
			100.00		-229.342

ADAMS 4-18HNB	DATE	:	03/18/2013
163N 100W 18	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		79.048		67.157		11.710		9.949		81.850		3.500		958.477		34.820		993.298
12-2015		46.972		34.156		6.958		5.060		81.850		3.500		569.545		17.710		587.255
12-2016		36.126		22.474		5.352		3.329		81.850		3.500		438.036		11.652		449.688
12-2017		30.484		16.241		4.516		2.406		81.850		3.500		369.623		8.421		378.044
12-2018		26.870		12.264		3.981		1.817		81.850		3.500		325.809		6.359		332.168
12-2019		24.300		9.503		3.600		1.408		81.850		3.500		294.648		4.927		299.575
12-2020		22.351		7.490		3.311		1.110		81.850		3.500		271.016		3.883		274.899
12-2021		20.807		5.975		3.082		0.885		81.850		3.500		252.296		3.098		255.394
12-2022		19.545		4.809		2.895		0.712		81.850		3.500		236.991		2.494		239.484
12-2023		18.488		3.899		2.739		0.578		81.850		3.500		224.169		2.021		226.191
12-2024		17.557		3.173		2.601		0.470		81.850		3.500		212.883		1.645		214.529
12-2025		16.679		2.583		2.471		0.383		81.850		3.500		202.239		1.339		203.579
12-2026		15.845		2.103		2.347		0.312		81.850		3.500		192.127		1.091		193.218
12-2027		15.053		1.712		2.230		0.254		81.850		3.500		182.521		0.888		183.409
S TOT		390.127		193.540		57.793		28.671		81.850		3.500		4730.380		100.348		4830.729
AFTER		154.873		7.174		22.943		1.063		81.850		3.500		1877.875		3.720		1881.595
TOTAL		545.000		200.713		80.736		29.734		81.850		3.500		6608.256		104.068		6712.324

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		1287.183		-1287.183		-1287.183		-1179.497
12-2014		0.000		111.319		31.695		0.000		0.000		0.000		850.283		-436.899		-439.498
12-2015		0.000		66.054		24.905		0.000		0.000		0.000		496.295		59.396		-47.184
12-2016		0.000		50.740		22.234		0.000		0.000		0.000		376.714		436.110		223.230
12-2017		0.000		42.771		20.844		0.000		0.000		0.000		314.429		750.539		428.319
12-2018		0.000		37.668		19.954		0.000		0.000		0.000		274.546		1025.085		591.072
12-2019		0.000		34.039		19.321		0.000		0.000		0.000		246.215		1271.300		723.739
12-2020		0.000		31.289		18.841		0.000		0.000		0.000		224.770		1496.070		833.828
12-2021		0.000		29.111		18.460		0.000		0.000		0.000		207.822		1703.892		926.355
12-2022		0.000		27.332		18.149		0.000		0.000		0.000		194.003		1897.895		1004.871
12-2023		0.000		25.843		17.889		0.000		0.000		0.000		182.459		2080.353		1071.999
12-2024		0.000		24.533		17.660		0.000		0.000		0.000		172.336		2252.689		1129.638
12-2025		0.000		23.300		17.443		0.000		0.000		0.000		162.836		2415.525		1179.149
12-2026		0.000		22.129		17.238		0.000		0.000		0.000		153.851		2569.376		1221.675
12-2027		0.000		21.018		17.043		0.000		0.000		0.000		145.348		2714.724		1258.199
S TOT		0.000		547.148		281.674		0.000		0.000		1287.183		2714.724		2714.724		1258.199
AFTER		0.000		216.073		241.505		0.000		0.000		0.000		1424.017		4138.742		1457.264
TOTAL		0.000		763.220		523.180		0.000		0.000		1287.183		4138.742		4138.742		1457.264

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		80.736		29.734
NET REVENUE, M$		6608.255		104.068
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		14.814		14.814

		P.W. %		P.W., M$
LIFE, YRS.	30.25		5.00		2334.062
DISCOUNT %	10.00		10.00		1457.263
UNDISCOUNTED PAYOUT, YRS.	2.88		12.00		1229.391
DISCOUNTED PAYOUT, YRS.	3.17		15.00		964.836
UNDISCOUNTED NET/INVEST.	4.22		18.00		764.767
DISCOUNTED NET/INVEST.	2.24		20.00		656.908
RATE-OF-RETURN, PCT.	49.29		30.00		300.734
INITIAL W.I., PCT.	18.521		60.00		-87.316
			80.00		-174.124
			100.00		-216.470

BAGLEY 1-30HN	DATE	:	03/18/2013
163N 100W 30	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		39.105		34.401		1.193		1.049		81.850		3.500		97.615		3.672		101.287
12-2014		61.494		49.078		1.875		1.497		81.850		3.500		153.503		5.239		158.742
12-2015		41.368		28.181		1.262		0.859		81.850		3.500		103.263		3.008		106.271
12-2016		33.416		19.487		1.019		0.594		81.850		3.500		83.414		2.080		85.494
12-2017		28.809		14.390		0.879		0.439		81.850		3.500		71.913		1.536		73.449
12-2018		25.704		11.000		0.784		0.335		81.850		3.500		64.163		1.174		65.337
12-2019		23.428		8.591		0.715		0.262		81.850		3.500		58.482		0.917		59.399
12-2020		21.667		6.808		0.661		0.208		81.850		3.500		54.087		0.727		54.813
12-2021		20.252		5.453		0.618		0.166		81.850		3.500		50.555		0.582		51.137
12-2022		19.083		4.403		0.582		0.134		81.850		3.500		47.636		0.470		48.106
12-2023		18.091		3.577		0.552		0.109		81.850		3.500		45.159		0.382		45.541
12-2024		17.186		2.912		0.524		0.089		81.850		3.500		42.900		0.311		43.211
12-2025		16.327		2.371		0.498		0.072		81.850		3.500		40.755		0.253		41.008
12-2026		15.510		1.931		0.473		0.059		81.850		3.500		38.717		0.206		38.923
12-2027		14.735		1.572		0.449		0.048		81.850		3.500		36.781		0.168		36.949
S TOT		396.174		194.156		12.082		5.921		81.850		3.500		988.942		20.724		1009.666
AFTER	��	148.826		6.558		4.539		0.200		81.850		3.500		371.502		0.700		372.202
TOTAL		545.000		200.713		16.621		6.121		81.850		3.500		1360.444		21.424		1381.869

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		11.341		2.943		0.000		0.000		269.121		-182.118		-182.118		-176.092
12-2014		0.000		17.817		5.955		0.000		0.000		0.000		134.969		-47.149		-58.505
12-2015		0.000		11.970		4.918		0.000		0.000		0.000		89.383		42.234		12.108
12-2016		0.000		9.658		4.509		0.000		0.000		0.000		71.327		113.561		63.296
12-2017		0.000		8.318		4.272		0.000		0.000		0.000		60.859		174.420		102.987
12-2018		0.000		7.416		4.112		0.000		0.000		0.000		53.809		228.229		134.883
12-2019		0.000		6.754		3.995		0.000		0.000		0.000		48.650		276.880		161.096
12-2020		0.000		6.243		3.904		0.000		0.000		0.000		44.667		321.546		182.972
12-2021		0.000		5.832		3.831		0.000		0.000		0.000		41.474		363.020		201.437
12-2022		0.000		5.493		3.771		0.000		0.000		0.000		38.842		401.862		217.157
12-2023		0.000		5.205		3.720		0.000		0.000		0.000		36.616		438.478		230.628
12-2024		0.000		4.943		3.673		0.000		0.000		0.000		34.594		473.072		242.198
12-2025		0.000		4.695		3.629		0.000		0.000		0.000		32.684		505.756		252.136
12-2026		0.000		4.459		3.587		0.000		0.000		0.000		30.877		536.634		260.671
12-2027		0.000		4.235		3.547		0.000		0.000		0.000		29.167		565.801		268.000
S TOT		0.000		114.380		60.365		0.000		0.000		269.121		565.801		565.801		268.000
AFTER		0.000		42.745		49.020		0.000		0.000		0.000		280.437		846.238		307.619
TOTAL		0.000		157.124		109.385		0.000		0.000		269.121		846.238		846.238		307.619

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		16.621		6.121
NET REVENUE, M$		1360.444		21.424
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		3.050		3.050

		P.W. %		P.W., M$
LIFE, YRS.	29.83		5.00		485.427
DISCOUNT %	10.00		10.00		307.620
UNDISCOUNTED PAYOUT, YRS.	2.53		12.00		260.904
DISCOUNTED PAYOUT, YRS.	2.83		15.00		206.249
UNDISCOUNTED NET/INVEST.	4.14		18.00		164.502
DISCOUNTED NET/INVEST.	2.20		20.00		141.794
RATE-OF-RETURN, PCT.	48.26		30.00		65.197
INITIAL W.I., PCT.	3.872		60.00		-25.262
			80.00		-48.976
			100.00		-62.491

BAGLEY 2-30HNA	DATE	:	03/18/2013
163N 100W 30	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		52.382		45.610		1.598		1.391		81.850		3.500		130.758		4.868		135.626
12-2014		55.938		43.455		1.706		1.325		81.850		3.500		139.634		4.639		144.273
12-2015		39.638		26.310		1.209		0.802		81.850		3.500		98.946		2.808		101.754
12-2016		32.493		18.465		0.991		0.563		81.850		3.500		81.109		1.971		83.080
12-2017		28.212		13.733		0.860		0.419		81.850		3.500		70.424		1.466		71.890
12-2018		25.278		10.543		0.771		0.322		81.850		3.500		63.100		1.125		64.225
12-2019		23.105		8.257		0.705		0.252		81.850		3.500		57.675		0.881		58.556
12-2020		21.411		6.557		0.653		0.200		81.850		3.500		53.446		0.700		54.146
12-2021		20.043		5.260		0.611		0.160		81.850		3.500		50.031		0.561		50.592
12-2022		18.907		4.252		0.577		0.130		81.850		3.500		47.197		0.454		47.651
12-2023		17.936		3.457		0.547		0.105		81.850		3.500		44.773		0.369		45.142
12-2024		17.040		2.814		0.520		0.086		81.850		3.500		42.534		0.300		42.835
12-2025		16.188		2.291		0.494		0.070		81.850		3.500		40.408		0.245		40.652
12-2026		15.378		1.866		0.469		0.057		81.850		3.500		38.387		0.199		38.587
12-2027		14.609		1.519		0.446		0.046		81.850		3.500		36.468		0.162		36.630
S TOT		398.558		194.388		12.155		5.928		81.850		3.500		994.891		20.749		1015.640
AFTER		146.442		6.326		4.466		0.193		81.850		3.500		365.554		0.675		366.229
TOTAL		545.000		200.713		16.621		6.121		81.850		3.500		1360.444		21.424		1381.869

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		15.190		4.092		0.000		0.000		269.121		-152.777		-152.777		-152.020
12-2014		0.000		16.204		5.669		0.000		0.000		0.000		122.400		-30.377		-45.468
12-2015		0.000		11.467		4.829		0.000		0.000		0.000		85.458		55.081		22.032
12-2016		0.000		9.389		4.461		0.000		0.000		0.000		69.229		124.310		71.710
12-2017		0.000		8.145		4.241		0.000		0.000		0.000		59.504		183.814		110.516
12-2018		0.000		7.292		4.090		0.000		0.000		0.000		52.844		236.658		141.839
12-2019		0.000		6.660		3.978		0.000		0.000		0.000		47.918		284.576		167.656
12-2020		0.000		6.168		3.891		0.000		0.000		0.000		44.087		328.663		189.249
12-2021		0.000		5.771		3.820		0.000		0.000		0.000		41.001		369.664		207.502
12-2022		0.000		5.442		3.762		0.000		0.000		0.000		38.447		408.111		223.062
12-2023		0.000		5.161		3.712		0.000		0.000		0.000		36.270		444.381		236.406
12-2024		0.000		4.901		3.666		0.000		0.000		0.000		34.268		478.649		247.867
12-2025		0.000		4.655		3.622		0.000		0.000		0.000		32.376		511.025		257.711
12-2026		0.000		4.421		3.580		0.000		0.000		0.000		30.586		541.611		266.166
12-2027		0.000		4.199		3.540		0.000		0.000		0.000		28.891		570.502		273.425
S TOT		0.000		115.065		60.952		0.000		0.000		269.121		570.502		570.502		273.425
AFTER		0.000		42.060		48.433		0.000		0.000		0.000		275.736		846.238		312.545
TOTAL		0.000		157.124		109.385		0.000		0.000		269.121		846.238		846.238		312.545

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		16.621		6.121
NET REVENUE, M$		1360.444		21.424
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		3.050		3.050

		P.W. %		P.W., M$
LIFE, YRS.	29.67		5.00		489.390
DISCOUNT %	10.00		10.00		312.545
UNDISCOUNTED PAYOUT, YRS.	2.36		12.00		265.879
DISCOUNTED PAYOUT, YRS.	2.67		15.00		211.109
UNDISCOUNTED NET/INVEST.	4.14		18.00		169.103
DISCOUNTED NET/INVEST.	2.20		20.00		146.169
RATE-OF-RETURN, PCT.	48.22		30.00		68.111
INITIAL W.I., PCT.	3.872		60.00		-27.321
			80.00		-54.016
			100.00		-70.144

BAGLEY 2-30HNB	DATE	:	03/18/2013
163N 100W 30	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		46.013		40.269		1.403		1.228		81.850		3.500		114.859		4.298		119.158
12-2014		58.500		46.060		1.784		1.405		81.850		3.500		146.028		4.916		150.945
12-2015		40.475		27.216		1.234		0.830		81.850		3.500		101.034		2.905		103.939
12-2016		32.945		18.965		1.005		0.578		81.850		3.500		82.237		2.024		84.261
12-2017		28.506		14.056		0.869		0.429		81.850		3.500		71.157		1.500		72.657
12-2018		25.488		10.768		0.777		0.328		81.850		3.500		63.625		1.149		64.774
12-2019		23.265		8.422		0.710		0.257		81.850		3.500		58.074		0.899		58.973
12-2020		21.538		6.681		0.657		0.204		81.850		3.500		53.764		0.713		54.477
12-2021		20.147		5.355		0.614		0.163		81.850		3.500		50.291		0.572		50.862
12-2022		18.995		4.327		0.579		0.132		81.850		3.500		47.415		0.462		47.877
12-2023		18.013		3.516		0.549		0.107		81.850		3.500		44.965		0.375		45.341
12-2024		17.112		2.863		0.522		0.087		81.850		3.500		42.717		0.306		43.022
12-2025		16.257		2.331		0.496		0.071		81.850		3.500		40.581		0.249		40.830
12-2026		15.444		1.898		0.471		0.058		81.850		3.500		38.552		0.203		38.754
12-2027		14.672		1.545		0.447		0.047		81.850		3.500		36.624		0.165		36.789
S TOT		397.369		194.273		12.119		5.925		81.850		3.500		991.922		20.737		1012.659
AFTER		147.631		6.441		4.502		0.196		81.850		3.500		368.522		0.688		369.209
TOTAL		545.000		200.714		16.621		6.121		81.850		3.500		1360.444		21.424		1381.869

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		13.344		3.531		0.000		0.000		269.121		-166.839		-166.839		-163.551
12-2014		0.000		16.948		5.801		0.000		0.000		0.000		128.196		-38.642		-51.913
12-2015		0.000		11.710		4.872		0.000		0.000		0.000		87.356		48.714		17.092
12-2016		0.000		9.521		4.485		0.000		0.000		0.000		70.256		118.970		67.510
12-2017		0.000		8.230		4.256		0.000		0.000		0.000		60.171		179.141		106.751
12-2018		0.000		7.353		4.101		0.000		0.000		0.000		53.320		232.461		138.357
12-2019		0.000		6.707		3.986		0.000		0.000		0.000		48.280		280.741		164.370
12-2020		0.000		6.205		3.897		0.000		0.000		0.000		44.374		325.115		186.103
12-2021		0.000		5.801		3.826		0.000		0.000		0.000		41.235		366.351		204.461
12-2022		0.000		5.467		3.766		0.000		0.000		0.000		38.643		404.994		220.101
12-2023		0.000		5.183		3.716		0.000		0.000		0.000		36.442		441.436		233.508
12-2024		0.000		4.922		3.669		0.000		0.000		0.000		34.431		475.867		245.024
12-2025		0.000		4.675		3.625		0.000		0.000		0.000		32.530		508.397		254.914
12-2026		0.000		4.440		3.583		0.000		0.000		0.000		30.731		539.128		263.409
12-2027		0.000		4.217		3.544		0.000		0.000		0.000		29.029		568.157		270.703
S TOT		0.000		114.723		60.659		0.000		0.000		269.121		568.157		568.157		270.703
AFTER		0.000		42.402		48.726		0.000		0.000		0.000		278.081		846.238		310.073
TOTAL		0.000		157.124		109.385		0.000		0.000		269.121		846.238		846.238		310.073

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.714
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.714
NET RES., MB & MMF		16.621		6.121
NET REVENUE, M$		1360.444		21.424
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		3.050		3.050

		P.W. %		P.W., M$
LIFE, YRS.	29.75		5.00		487.405
DISCOUNT %	10.00		10.00		310.073
UNDISCOUNTED PAYOUT, YRS.	2.44		12.00		263.379
DISCOUNTED PAYOUT, YRS.	2.75		15.00		208.665
UNDISCOUNTED NET/INVEST.	4.14		18.00		166.787
DISCOUNTED NET/INVEST.	2.20		20.00		143.965
RATE-OF-RETURN, PCT.	48.24		30.00		66.638
INITIAL W.I., PCT.	3.872		60.00		-26.271
			80.00		-51.434
			100.00		-66.207

BAKKE 3229-5MBH	DATE	:	03/18/2013
163N 99W 5	TIME	:	13:54:16
BAKKEN	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		0.000		0.000
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		0.000		0.000
NET RES., MB & MMF		0.000		0.000
NET REVENUE, M$		0.000		0.000
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.000		0.000

		P.W. %		P.W., M$
LIFE, YRS.	0.00		5.00		0.000
DISCOUNT %	10.00		10.00		0.000
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		0.000
DISCOUNTED PAYOUT, YRS.	0.00		15.00		0.000
UNDISCOUNTED NET/INVEST.	0.00		18.00		0.000
DISCOUNTED NET/INVEST.	0.00		20.00		0.000
RATE-OF-RETURN, PCT.	0.00		30.00		0.000
INITIAL W.I., PCT.	0.000		60.00		0.000
			80.00		0.000
			100.00		0.000

BLANK 1-1N	DATE	:	03/18/2013
163N 102W 1	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		32.739		28.506		13.096		11.402		81.850		3.500		1071.868		39.909		1111.777
12-2014		34.961		27.160		13.985		10.864		81.850		3.500		1144.636		38.024		1182.659
12-2015		24.774		16.444		9.910		6.577		81.850		3.500		811.094		23.021		834.115
12-2016		20.308		11.541		8.123		4.616		81.850		3.500		664.878		16.157		681.035
12-2017		17.633		8.583		7.053		3.433		81.850		3.500		577.295		12.017		589.311
12-2018		15.799		6.589		6.320		2.636		81.850		3.500		517.255		9.225		526.480
12-2019		14.440		5.160		5.776		2.064		81.850		3.500		472.780		7.225		480.004
12-2020		13.382		4.098		5.353		1.639		81.850		3.500		438.120		5.737		443.857
12-2021		12.527		3.287		5.011		1.315		81.850		3.500		410.122		4.602		414.724
12-2022		11.817		2.657		4.727		1.063		81.850		3.500		386.891		3.720		390.611
12-2023		11.210		2.160		4.484		0.864		81.850		3.500		367.023		3.025		370.048
12-2024		10.650		1.759		4.260		0.704		81.850		3.500		348.671		2.463		351.134
12-2025		10.117		1.432		4.047		0.573		81.850		3.500		331.238		2.005		333.243
12-2026		9.611		1.166		3.845		0.466		81.850		3.500		314.676		1.632		316.308
12-2027		9.131		0.949		3.652		0.380		81.850		3.500		298.942		1.329		300.271
S TOT		249.099		121.492		99.639		48.597		81.850		3.500		8155.488		170.089		8325.577
AFTER		91.521		3.954		36.609		1.581		81.850		3.500		2996.413		5.535		3001.948
TOTAL		340.620		125.446		136.248		50.178		81.850		3.500		11151.901		175.624		11327.525

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		124.519		39.771		0.000		0.000		2975.000		-2027.514		-2027.514		-1996.838
12-2014		0.000		132.828		59.249		0.000		0.000		0.000		990.582		-1036.932		-1134.470
12-2015		0.000		93.999		52.475		0.000		0.000		0.000		687.641		-349.291		-591.305
12-2016		0.000		76.969		49.505		0.000		0.000		0.000		554.562		205.271		-193.339
12-2017		0.000		66.767		47.726		0.000		0.000		0.000		474.819		680.090		116.323
12-2018		0.000		59.774		46.506		0.000		0.000		0.000		420.199		1100.289		365.401
12-2019		0.000		54.597		45.603		0.000		0.000		0.000		379.805		1480.094		570.040
12-2020		0.000		50.564		44.899		0.000		0.000		0.000		348.394		1828.488		740.673
12-2021		0.000		47.309		44.330		0.000		0.000		0.000		323.085		2151.573		884.515
12-2022		0.000		44.609		43.858		0.000		0.000		0.000		302.144		2453.717		1006.797
12-2023		0.000		42.303		43.455		0.000		0.000		0.000		284.290		2738.007		1111.391
12-2024		0.000		40.175		43.082		0.000		0.000		0.000		267.877		3005.884		1200.986
12-2025		0.000		38.155		42.728		0.000		0.000		0.000		252.359		3258.243		1277.719
12-2026		0.000		36.239		42.392		0.000		0.000		0.000		237.678		3495.921		1343.417
12-2027		0.000		34.420		42.072		0.000		0.000		0.000		223.779		3719.700		1399.651
S TOT		0.000		943.227		687.651		0.000		0.000		2975.000		3719.700		3719.700		1399.651
AFTER		0.000		344.761		588.862		0.000		0.000		0.000		2068.324		5788.023		1695.597
TOTAL		0.000		1287.988		1276.512		0.000		0.000		2975.000		5788.024		5788.023		1695.597

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		136.248		50.178
NET REVENUE, M$		11151.900		175.624
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		40.000		40.000

		P.W. %		P.W., M$
LIFE, YRS.	29.67		5.00		3057.958
DISCOUNT %	10.00		10.00		1695.596
UNDISCOUNTED PAYOUT, YRS.	3.63		12.00		1335.125
DISCOUNTED PAYOUT, YRS.	4.62		15.00		911.841
UNDISCOUNTED NET/INVEST.	2.95		18.00		587.325
DISCOUNTED NET/INVEST.	1.59		20.00		410.346
RATE-OF-RETURN, PCT.	26.26		30.00		-189.167
INITIAL W.I., PCT.	50.000		60.00		-902.875
			80.00		-1091.063
			100.00		-1198.262

BLANK 12-8	DATE	:	03/18/2013
163N 100W 8	TIME	:	13:54:16
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		46.013		40.269		0.566		0.495		81.850		3.500		46.324		1.734		48.058
12-2014		58.500		46.060		0.720		0.567		81.850		3.500		58.895		1.983		60.878
12-2015		40.475		27.216		0.498		0.335		81.850		3.500		40.748		1.172		41.920
12-2016		32.945		18.965		0.405		0.233		81.850		3.500		33.167		0.816		33.984
12-2017		28.506		14.056		0.351		0.173		81.850		3.500		28.698		0.605		29.303
12-2018		25.488		10.768		0.314		0.132		81.850		3.500		25.661		0.464		26.124
12-2019		23.265		8.422		0.286		0.104		81.850		3.500		23.422		0.363		23.784
12-2020		21.538		6.681		0.265		0.082		81.850		3.500		21.683		0.288		21.971
12-2021		20.147		5.355		0.248		0.066		81.850		3.500		20.283		0.231		20.513
12-2022		18.995		4.327		0.234		0.053		81.850		3.500		19.123		0.186		19.309
12-2023		18.013		3.516		0.222		0.043		81.850		3.500		18.135		0.151		18.286
12-2024		17.112		2.863		0.210		0.035		81.850		3.500		17.228		0.123		17.351
12-2025		16.257		2.331		0.200		0.029		81.850		3.500		16.367		0.100		16.467
12-2026		15.444		1.898		0.190		0.023		81.850		3.500		15.548		0.082		15.630
12-2027		14.672		1.545		0.180		0.019		81.850		3.500		14.771		0.067		14.837
S TOT		397.369		194.273		4.888		2.390		81.850		3.500		400.053		8.363		408.416
AFTER		147.631		6.441		1.816		0.079		81.850		3.500		148.629		0.277		148.906
TOTAL		545.000		200.714		6.703		2.469		81.850		3.500		548.681		8.641		557.322

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		5.382		1.404		0.000		0.000		107.030		-65.759		-65.759		-64.493
12-2014		0.000		6.835		2.307		0.000		0.000		0.000		51.735		-14.023		-19.440
12-2015		0.000		4.723		1.938		0.000		0.000		0.000		35.259		21.236		8.412
12-2016		0.000		3.840		1.784		0.000		0.000		0.000		28.360		49.596		28.764
12-2017		0.000		3.319		1.693		0.000		0.000		0.000		24.291		73.887		44.606
12-2018		0.000		2.966		1.631		0.000		0.000		0.000		21.528		95.415		57.367
12-2019		0.000		2.705		1.585		0.000		0.000		0.000		19.494		114.909		67.870
12-2020		0.000		2.503		1.550		0.000		0.000		0.000		17.918		132.828		76.646
12-2021		0.000		2.340		1.521		0.000		0.000		0.000		16.652		149.480		84.060
12-2022		0.000		2.205		1.498		0.000		0.000		0.000		15.606		165.086		90.376
12-2023		0.000		2.090		1.478		0.000		0.000		0.000		14.718		179.805		95.791
12-2024		0.000		1.985		1.459		0.000		0.000		0.000		13.907		193.712		100.442
12-2025		0.000		1.885		1.442		0.000		0.000		0.000		13.140		206.851		104.437
12-2026		0.000		1.791		1.425		0.000		0.000		0.000		12.414		219.266		107.869
12-2027		0.000		1.701		1.409		0.000		0.000		0.000		11.727		230.993		110.816
S TOT		0.000		46.269		24.124		0.000		0.000		107.030		230.993		230.993		110.816
AFTER		0.000		17.101		19.379		0.000		0.000		0.000		112.426		343.419		126.729
TOTAL		0.000		63.370		43.503		0.000		0.000		107.030		343.419		343.419		126.729

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.714
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.714
NET RES., MB & MMF		6.703		2.469
NET REVENUE, M$		548.681		8.641
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		1.230		1.230

		P.W. %		P.W., M$
LIFE, YRS.	29.75		5.00		198.395
DISCOUNT %	10.00		10.00		126.729
UNDISCOUNTED PAYOUT, YRS.	2.40		12.00		107.859
DISCOUNTED PAYOUT, YRS.	2.70		15.00		85.745
UNDISCOUNTED NET/INVEST.	4.21		18.00		68.817
DISCOUNTED NET/INVEST.	2.23		20.00		59.591
RATE-OF-RETURN, PCT.	49.15		30.00		28.321
INITIAL W.I., PCT.	1.540		60.00		-9.304
			80.00		-19.523
			100.00		-25.538

BLANK 13-12	DATE	:	03/18/2013
163N 101W 16	TIME	:	13:54:17
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		46.013		40.269		13.114		11.477		81.850		3.500		1073.360		40.168		1113.529
12-2015		58.500		46.060		16.672		13.127		81.850		3.500		1364.634		45.945		1410.579
12-2016		40.475		27.216		11.535		7.757		81.850		3.500		944.160		27.148		971.308
12-2017		32.945		18.965		9.389		5.405		81.850		3.500		768.506		18.918		787.423
12-2018		28.506		14.056		8.124		4.006		81.850		3.500		664.962		14.021		678.983
12-2019		25.488		10.768		7.264		3.069		81.850		3.500		594.573		10.741		605.314
12-2020		23.265		8.422		6.630		2.400		81.850		3.500		542.702		8.401		551.102
12-2021		21.538		6.681		6.138		1.904		81.850		3.500		502.422		6.664		509.086
12-2022		20.147		5.355		5.742		1.526		81.850		3.500		469.968		5.342		475.310
12-2023		18.995		4.327		5.413		1.233		81.850		3.500		443.092		4.316		447.408
12-2024		18.013		3.516		5.134		1.002		81.850		3.500		420.202		3.508		423.710
12-2025		17.112		2.863		4.877		0.816		81.850		3.500		399.188		2.856		402.043
12-2026		16.257		2.331		4.633		0.664		81.850		3.500		379.228		2.325		381.553
12-2027		15.444		1.898		4.402		0.541		81.850		3.500		360.267		1.893		362.160
S TOT		382.697		192.727		109.069		54.927		81.850		3.500		8927.263		192.246		9119.508
AFTER		162.303		7.986		46.256		2.276		81.850		3.500		3786.088		7.966		3794.054
TOTAL		545.000		200.714		155.325		57.203		81.850		3.500		12713.351		200.212		12913.562

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		0.000		124.699		32.485		0.000		0.000		2475.590		-1519.245		-1519.245		-1354.624
12-2015		0.000		158.377		53.360		0.000		0.000		0.000		1198.842		-320.403		-405.541
12-2016		0.000		109.432		44.821		0.000		0.000		0.000		817.055		496.652		181.201
12-2017		0.000		88.973		41.254		0.000		0.000		0.000		657.197		1153.849		609.948
12-2018		0.000		76.911		39.151		0.000		0.000		0.000		562.921		1716.770		943.690
12-2019		0.000		68.713		37.721		0.000		0.000		0.000		498.879		2215.649		1212.520
12-2020		0.000		62.675		36.668		0.000		0.000		0.000		451.760		2667.408		1433.797
12-2021		0.000		57.988		35.850		0.000		0.000		0.000		415.248		3082.656		1618.681
12-2022		0.000		54.214		35.191		0.000		0.000		0.000		385.905		3468.561		1774.869
12-2023		0.000		51.091		34.645		0.000		0.000		0.000		361.672		3830.233		1907.934
12-2024		0.000		48.433		34.180		0.000		0.000		0.000		341.096		4171.329		2022.017
12-2025		0.000		45.996		33.753		0.000		0.000		0.000		322.294		4493.623		2120.011
12-2026		0.000		43.684		33.348		0.000		0.000		0.000		304.521		4798.144		2204.184
12-2027		0.000		41.490		32.963		0.000		0.000		0.000		287.707		5085.851		2276.480
S TOT		0.000		1032.677		525.390		0.000		0.000		2475.590		5085.851		5085.851		2276.480
AFTER		0.000		435.651		480.821		0.000		0.000		0.000		2877.582		7963.433		2673.872
TOTAL		0.000		1468.328		1006.212		0.000		0.000		2475.590		7963.433		7963.433		2673.872

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.714
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.714
NET RES., MB & MMF		155.325		57.203
NET REVENUE, M$		12713.352		200.212
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		28.500		28.500

		P.W. %		P.W., M$
LIFE, YRS.	30.75		5.00		4383.068
DISCOUNT %	10.00		10.00		2673.872
UNDISCOUNTED PAYOUT, YRS.	3.39		12.00		2235.624
DISCOUNTED PAYOUT, YRS.	3.69		15.00		1731.625
UNDISCOUNTED NET/INVEST.	4.22		18.00		1355.113
DISCOUNTED NET/INVEST.	2.24		20.00		1154.333
RATE-OF-RETURN, PCT.	49.35		30.00		508.005
INITIAL W.I., PCT.	35.620		60.00		-132.392
			80.00		-249.342
			100.00		-294.184

BLANK 2-3	DATE	:	03/18/2013
163N 101W 3	TIME	:	13:54:17
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		22.901		20.364		3.703		3.293		81.850		3.500		303.099		11.525		314.624
12-2014		69.513		57.041		11.240		9.223		81.850		3.500		920.012		32.282		952.294
12-2015		43.352		30.312		7.010		4.901		81.850		3.500		573.769		17.155		590.924
12-2016		34.424		20.600		5.566		3.331		81.850		3.500		455.610		11.659		467.269
12-2017		29.445		15.092		4.761		2.440		81.850		3.500		389.706		8.541		398.247
12-2018		26.152		11.484		4.229		1.857		81.850		3.500		346.124		6.499		352.623
12-2019		23.766		8.942		3.843		1.446		81.850		3.500		314.541		5.061		319.601
12-2020		21.933		7.071		3.547		1.143		81.850		3.500		290.291		4.002		294.293
12-2021		20.469		5.655		3.310		0.914		81.850		3.500		270.912		3.200		274.112
12-2022		19.264		4.561		3.115		0.737		81.850		3.500		254.962		2.581		257.543
12-2023		18.248		3.702		2.951		0.599		81.850		3.500		241.508		2.095		243.604
12-2024		17.333		3.014		2.803		0.487		81.850		3.500		229.409		1.706		231.115
12-2025		16.467		2.454		2.663		0.397		81.850		3.500		217.939		1.389		219.328
12-2026		15.643		1.998		2.530		0.323		81.850		3.500		207.042		1.131		208.173
12-2027		14.861		1.627		2.403		0.263		81.850		3.500		196.690		0.921		197.611
S TOT		393.771		193.916		63.673		31.356		81.850		3.500		5211.614		109.747		5321.360
AFTER		151.229		6.798		24.454		1.099		81.850		3.500		2001.540		3.847		2005.386
TOTAL		545.000		200.713		88.127		32.455		81.850		3.500		7213.154		113.594		7326.747

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		35.219		8.581		0.000		0.000		1404.595		-1133.771		-1133.771		-1069.835
12-2014		0.000		106.816		33.236		0.000		0.000		0.000		812.243		-321.528		-361.286
12-2015		0.000		66.523		26.204		0.000		0.000		0.000		498.198		176.670		32.373
12-2016		0.000		52.762		23.804		0.000		0.000		0.000		390.703		567.373		312.786
12-2017		0.000		45.085		22.466		0.000		0.000		0.000		330.697		898.070		528.469
12-2018		0.000		40.008		21.581		0.000		0.000		0.000		291.034		1189.103		700.988
12-2019		0.000		36.331		20.939		0.000		0.000		0.000		262.331		1451.434		842.334
12-2020		0.000		33.509		20.447		0.000		0.000		0.000		240.337		1691.771		960.045
12-2021		0.000		31.255		20.053		0.000		0.000		0.000		222.803		1914.575		1059.240
12-2022		0.000		29.402		19.729		0.000		0.000		0.000		208.412		2122.987		1143.588
12-2023		0.000		27.839		19.456		0.000		0.000		0.000		196.308		2319.295		1215.810
12-2024		0.000		26.436		19.210		0.000		0.000		0.000		185.469		2504.765		1277.842
12-2025		0.000		25.107		18.977		0.000		0.000		0.000		175.244		2680.009		1331.125
12-2026		0.000		23.845		18.756		0.000		0.000		0.000		165.571		2845.580		1376.891
12-2027		0.000		22.648		18.546		0.000		0.000		0.000		156.416		3001.996		1416.196
S TOT		0.000		602.785		311.985		0.000		0.000		1404.595		3001.996		3001.996		1416.196
AFTER		0.000		230.298		258.917		0.000		0.000		0.000		1516.171		4518.168		1629.460
TOTAL		0.000		833.083		570.902		0.000		0.000		1404.595		4518.167		4518.168		1629.460

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		88.127		32.455
NET REVENUE, M$		7213.153		113.594
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		16.170		16.170

		P.W. %		P.W., M$
LIFE, YRS.	30.00		5.00		2579.471
DISCOUNT %	10.00		10.00		1629.459
UNDISCOUNTED PAYOUT, YRS.	2.65		12.00		1380.923
DISCOUNTED PAYOUT, YRS.	2.92		15.00		1091.020
UNDISCOUNTED NET/INVEST.	4.22		18.00		870.444
DISCOUNTED NET/INVEST.	2.24		20.00		750.878
RATE-OF-RETURN, PCT.	49.28		30.00		350.885
INITIAL W.I., PCT.	20.210		60.00		-106.878
			80.00		-219.860
			100.00		-280.725

BLANK 4-28	DATE	:	03/18/2013
163N 100W 28	TIME	:	13:54:17
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		22.901		20.364		0.238		0.212		81.850		3.500		19.494		0.741		20.236
12-2014		69.513		57.041		0.723		0.593		81.850		3.500		59.172		2.076		61.248
12-2015		43.352		30.312		0.451		0.315		81.850		3.500		36.903		1.103		38.006
12-2016		34.424		20.600		0.358		0.214		81.850		3.500		29.303		0.750		30.053
12-2017		29.445		15.092		0.306		0.157		81.850		3.500		25.065		0.549		25.614
12-2018		26.152		11.484		0.272		0.119		81.850		3.500		22.262		0.418		22.680
12-2019		23.766		8.942		0.247		0.093		81.850		3.500		20.230		0.325		20.556
12-2020		21.933		7.071		0.228		0.074		81.850		3.500		18.671		0.257		18.928
12-2021		20.469		5.655		0.213		0.059		81.850		3.500		17.424		0.206		17.630
12-2022		19.264		4.561		0.200		0.047		81.850		3.500		16.398		0.166		16.564
12-2023		18.248		3.702		0.190		0.039		81.850		3.500		15.533		0.135		15.668
12-2024		17.333		3.014		0.180		0.031		81.850		3.500		14.755		0.110		14.865
12-2025		16.467		2.454		0.171		0.026		81.850		3.500		14.017		0.089		14.106
12-2026		15.643		1.998		0.163		0.021		81.850		3.500		13.316		0.073		13.389
12-2027		14.861		1.627		0.155		0.017		81.850		3.500		12.650		0.059		12.710
S TOT		393.771		193.916		4.095		2.017		81.850		3.500		335.193		7.059		342.252
AFTER		151.229		6.798		1.573		0.071		81.850		3.500		128.732		0.247		128.980
TOTAL		545.000		200.713		5.668		2.087		81.850		3.500		463.926		7.306		471.232

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		2.265		0.552		0.000		0.000		90.350		-72.932		-72.932		-68.819
12-2014		0.000		6.870		2.138		0.000		0.000		0.000		52.240		-20.691		-23.247
12-2015		0.000		4.279		1.686		0.000		0.000		0.000		32.042		11.351		2.071
12-2016		0.000		3.393		1.531		0.000		0.000		0.000		25.129		36.480		20.106
12-2017		0.000		2.900		1.445		0.000		0.000		0.000		21.269		57.749		33.978
12-2018		0.000		2.573		1.388		0.000		0.000		0.000		18.718		76.467		45.074
12-2019		0.000		2.337		1.347		0.000		0.000		0.000		16.872		93.339		54.165
12-2020		0.000		2.155		1.315		0.000		0.000		0.000		15.458		108.796		61.735
12-2021		0.000		2.010		1.290		0.000		0.000		0.000		14.330		123.126		68.115
12-2022		0.000		1.891		1.269		0.000		0.000		0.000		13.404		136.530		73.540
12-2023		0.000		1.791		1.251		0.000		0.000		0.000		12.626		149.156		78.185
12-2024		0.000		1.700		1.236		0.000		0.000		0.000		11.929		161.085		82.175
12-2025		0.000		1.615		1.221		0.000		0.000		0.000		11.271		172.356		85.602
12-2026		0.000		1.534		1.206		0.000		0.000		0.000		10.649		183.005		88.545
12-2027		0.000		1.457		1.193		0.000		0.000		0.000		10.060		193.065		91.073
S TOT		0.000		38.769		20.068		0.000		0.000		90.350		193.065		193.065		91.073
AFTER		0.000		14.812		16.655		0.000		0.000		0.000		97.513		290.578		104.789
TOTAL		0.000		53.581		36.723		0.000		0.000		90.350		290.578		290.578		104.789

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		5.668		2.087
NET REVENUE, M$		463.926		7.306
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		1.040		1.040

		P.W. %		P.W., M$
LIFE, YRS.	30.00		5.00		165.890
DISCOUNT %	10.00		10.00		104.789
UNDISCOUNTED PAYOUT, YRS.	2.65		12.00		88.805
DISCOUNTED PAYOUT, YRS.	2.92		15.00		70.159
UNDISCOUNTED NET/INVEST.	4.22		18.00		55.973
DISCOUNTED NET/INVEST.	2.24		20.00		48.283
RATE-OF-RETURN, PCT.	49.27		30.00		22.558
INITIAL W.I., PCT.	1.300		60.00		-6.883
			80.00		-14.148
			100.00		-18.063

BORDER FARMS 3130-3	DATE	:	03/18/2013
163N 99W 6	TIME	:	13:54:17
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		46.396		39.607		6.503		5.552		81.850		2.867		532.289		15.917		548.206
12-2014		30.253		22.290		4.241		3.124		81.850		3.500		347.093		10.935		358.028
12-2015		22.970		14.476		3.220		2.029		81.850		3.500		263.536		7.102		270.638
12-2016		19.285		10.408		2.703		1.459		81.850		3.500		221.251		5.106		226.357
12-2017		16.952		7.837		2.376		1.099		81.850		3.500		194.489		3.845		198.334
12-2018		15.304		6.062		2.145		0.850		81.850		3.500		175.584		2.974		178.558
12-2019		14.060		4.772		1.971		0.669		81.850		3.500		161.309		2.341		163.651
12-2020		13.078		3.804		1.833		0.533		81.850		3.500		150.037		1.866		151.903
12-2021		12.276		3.060		1.721		0.429		81.850		3.500		140.842		1.501		142.343
12-2022		11.606		2.479		1.627		0.347		81.850		3.500		133.154		1.216		134.370
12-2023		11.020		2.017		1.545		0.283		81.850		3.500		126.433		0.990		127.422
12-2024		10.469		1.642		1.467		0.230		81.850		3.500		120.111		0.806		120.917
12-2025		9.946		1.337		1.394		0.187		81.850		3.500		114.106		0.656		114.762
12-2026		9.448		1.089		1.324		0.153		81.850		3.500		108.400		0.534		108.934
12-2027		8.976		0.886		1.258		0.124		81.850		3.500		102.980		0.435		103.415
S TOT		252.040		121.768		35.328		17.068		81.850		3.294		2891.613		56.224		2947.838
AFTER		88.580		3.678		12.416		0.516		81.850		3.500		1016.271		1.804		1018.075
TOTAL		340.620		125.446		47.744		17.584		81.850		3.300		3907.884		58.029		3965.913

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		61.824		21.353		0.000		0.000		1043.923		-578.894		-578.894		-601.011
12-2014		0.000		40.259		19.692		0.000		0.000		0.000		298.077		-280.817		-341.768
12-2015		0.000		30.530		17.992		0.000		0.000		0.000		222.116		-58.702		-166.368
12-2016		0.000		25.604		17.132		0.000		0.000		0.000		183.620		124.918		-34.615
12-2017		0.000		22.487		16.588		0.000		0.000		0.000		159.259		284.177		69.240
12-2018		0.000		20.286		16.204		0.000		0.000		0.000		142.069		426.245		153.449
12-2019		0.000		18.624		15.913		0.000		0.000		0.000		129.113		555.359		223.013
12-2020		0.000		17.313		15.684		0.000		0.000		0.000		118.906		674.265		281.248
12-2021		0.000		16.244		15.497		0.000		0.000		0.000		110.602		784.867		330.488
12-2022		0.000		15.351		15.341		0.000		0.000		0.000		103.679		888.546		372.448
12-2023		0.000		14.571		15.204		0.000		0.000		0.000		97.648		986.194		408.374
12-2024		0.000		13.838		15.075		0.000		0.000		0.000		92.004		1078.197		439.146
12-2025		0.000		13.143		14.953		0.000		0.000		0.000		86.666		1164.863		465.497
12-2026		0.000		12.483		14.837		0.000		0.000		0.000		81.615		1246.477		488.057
12-2027		0.000		11.856		14.727		0.000		0.000		0.000		76.832		1323.309		507.364
S TOT		0.000		334.413		246.193		0.000		0.000		1043.923		1323.309		1323.309		507.364
AFTER		0.000		116.928		201.734		0.000		0.000		0.000		699.414		2022.723		608.276
TOTAL		0.000		451.341		447.926		0.000		0.000		1043.923		2022.723		2022.723		608.276

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		47.744		17.584
NET REVENUE, M$		3907.884		58.029
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.017		14.017

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		1083.920
DISCOUNT %	10.00		10.00		608.276
UNDISCOUNTED PAYOUT, YRS.	3.32		12.00		480.831
DISCOUNTED PAYOUT, YRS.	4.33		15.00		329.778
UNDISCOUNTED NET/INVEST.	2.94		18.00		212.536
DISCOUNTED NET/INVEST.	1.58		20.00		147.878
RATE-OF-RETURN, PCT.	26.00		30.00		-77.182
INITIAL W.I., PCT.	17.545		60.00		-374.705
			80.00		-469.654
			100.00		-533.533

DEWITT STATE 3-16	DATE	: 03/18/2013
163N 101W 16	TIME	: 13:54:17
THREE FORKS	DBS	: MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		74.233		63.371		9.279		7.921		81.850		2.867		759.495		22.711		782.205
12-2014		48.405		35.664		6.051		4.458		81.850		3.500		495.248		15.603		510.850
12-2015		36.753		23.162		4.594		2.895		81.850		3.500		376.026		10.133		386.159
12-2016		30.856		16.652		3.857		2.082		81.850		3.500		315.691		7.285		322.976
12-2017		27.123		12.540		3.390		1.567		81.850		3.500		277.505		5.486		282.992
12-2018		24.487		9.700		3.061		1.212		81.850		3.500		250.531		4.244		254.774
12-2019		22.496		7.636		2.812		0.954		81.850		3.500		230.164		3.341		233.504
12-2020		20.924		6.086		2.616		0.761		81.850		3.500		214.079		2.663		216.742
12-2021		19.642		4.896		2.455		0.612		81.850		3.500		200.959		2.142		203.101
12-2022		18.570		3.967		2.321		0.496		81.850		3.500		189.990		1.735		191.726
12-2023		17.632		3.228		2.204		0.403		81.850		3.500		180.400		1.412		181.812
12-2024		16.751		2.628		2.094		0.328		81.850		3.500		171.380		1.150		172.530
12-2025		15.913		2.140		1.989		0.267		81.850		3.500		162.811		0.936		163.747
12-2026		15.117		1.742		1.890		0.218		81.850		3.500		154.671		0.762		155.433
12-2027		14.362		1.418		1.795		0.177		81.850		3.500		146.937		0.621		147.558
S TOT		403.263		194.828		50.408		24.354		81.850		3.294		4125.886		80.223		4206.110
AFTER		141.737		5.885		17.717		0.736		81.850		3.500		1450.145		2.575		1452.719
TOTAL		545.000		200.713		68.125		25.089		81.850		3.300		5576.031		82.798		5658.830

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		88.213		24.802		0.000		0.000		1085.938		-416.747		-416.747		-448.609
12-2014		0.000		57.444		21.309		0.000		0.000		0.000		432.097		15.350		-72.823
12-2015		0.000		43.561		18.888		0.000		0.000		0.000		323.710		339.060		182.794
12-2016		0.000		36.533		17.662		0.000		0.000		0.000		268.780		607.841		375.645
12-2017		0.000		32.086		16.887		0.000		0.000		0.000		234.020		841.860		528.249
12-2018		0.000		28.944		16.339		0.000		0.000		0.000		209.491		1051.351		652.418
12-2019		0.000		26.574		15.925		0.000		0.000		0.000		191.005		1242.357		755.326
12-2020		0.000		24.703		15.598		0.000		0.000		0.000		176.441		1418.798		841.737
12-2021		0.000		23.178		15.332		0.000		0.000		0.000		164.592		1583.390		915.013
12-2022		0.000		21.903		15.109		0.000		0.000		0.000		154.713		1738.103		977.625
12-2023		0.000		20.790		14.914		0.000		0.000		0.000		146.108		1884.211		1031.379
12-2024		0.000		19.745		14.731		0.000		0.000		0.000		138.054		2022.265		1077.552
12-2025		0.000		18.753		14.557		0.000		0.000		0.000		130.438		2152.702		1117.212
12-2026		0.000		17.811		14.392		0.000		0.000		0.000		123.230		2275.933		1151.274
12-2027		0.000		16.917		14.235		0.000		0.000		0.000		116.406		2392.338		1180.525
S TOT		0.000		477.156		250.678		0.000		0.000		1085.938		2392.338		2392.338		1180.525
AFTER		0.000		166.848		190.705		0.000		0.000		0.000		1095.167		3487.506		1337.196
TOTAL		0.000		644.003		441.383		0.000		0.000		1085.938		3487.506		3487.506		1337.196

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		68.125		25.089
NET REVENUE, M$		5576.030		82.798
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		12.500		12.500

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		2054.822
DISCOUNT %	10.00		10.00		1337.196
UNDISCOUNTED PAYOUT, YRS.	1.96		12.00		1146.232
DISCOUNTED PAYOUT, YRS.	2.28		15.00		920.739
UNDISCOUNTED NET/INVEST.	4.21		18.00		746.392
DISCOUNTED NET/INVEST.	2.23		20.00		650.502
RATE-OF-RETURN, PCT.	48.93		30.00		318.201
INITIAL W.I., PCT.	15.625		60.00		-117.710
			80.00		-256.069
			100.00		-348.961

FRANCES 2-2S-163-101	DATE	: 03/18/2013
163N 101W 2	TIME	: 13:54:17
THREE FORKS	DBS	: MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		12.817		11.461		3.709		3.317		81.850		3.500		303.591		11.609		315.199
12-2014		75.302		62.694		21.792		18.144		81.850		3.500		1783.715		63.503		1847.217
12-2015		44.461		31.495		12.867		9.115		81.850		3.500		1053.166		31.902		1085.068
12-2016		34.964		21.196		10.119		6.134		81.850		3.500		828.210		21.469		849.679
12-2017		29.779		15.461		8.618		4.475		81.850		3.500		705.390		15.661		721.051
12-2018		26.385		11.736		7.636		3.396		81.850		3.500		624.989		11.887		636.877
12-2019		23.940		9.124		6.928		2.640		81.850		3.500		567.073		9.242		576.315
12-2020		22.070		7.208		6.387		2.086		81.850		3.500		522.782		7.301		530.083
12-2021		20.580		5.759		5.956		1.667		81.850		3.500		487.488		5.834		493.322
12-2022		19.356		4.642		5.602		1.343		81.850		3.500		458.503		4.702		463.204
12-2023		18.327		3.766		5.304		1.090		81.850		3.500		434.115		3.815		437.930
12-2024		17.408		3.066		5.038		0.887		81.850		3.500		412.341		3.106		415.446
12-2025		16.537		2.496		4.786		0.722		81.850		3.500		391.724		2.529		394.252
12-2026		15.710		2.032		4.547		0.588		81.850		3.500		372.137		2.059		374.196
12-2027		14.925		1.655		4.319		0.479		81.850		3.500		353.531		1.676		355.207
S TOT		392.561		193.792		113.607		56.084		81.850		3.500		9298.754		196.292		9495.047
AFTER		152.439		6.921		44.116		2.003		81.850		3.500		3610.874		7.010		3617.884
TOTAL		545.000		200.713		157.723		58.086		81.850		3.500		12909.628		203.303		13112.931

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		35.278		8.338		0.000		0.000		2514.510		-2242.927		-2242.927		-2093.163
12-2014		0.000		207.123		62.285		0.000		0.000		0.000		1577.810		-665.117		-715.374
12-2015		0.000		122.117		47.444		0.000		0.000		0.000		915.507		250.391		8.116
12-2016		0.000		95.919		42.874		0.000		0.000		0.000		710.886		961.276		518.353
12-2017		0.000		81.612		40.379		0.000		0.000		0.000		599.060		1560.336		909.074
12-2018		0.000		72.247		38.746		0.000		0.000		0.000		525.883		2086.219		1220.812
12-2019		0.000		65.504		37.569		0.000		0.000		0.000		473.242		2559.461		1475.801
12-2020		0.000		60.349		36.670		0.000		0.000		0.000		433.064		2992.525		1687.906
12-2021		0.000		56.244		35.953		0.000		0.000		0.000		401.125		3393.650		1866.493
12-2022		0.000		52.876		35.364		0.000		0.000		0.000		374.965		3768.615		2018.248
12-2023		0.000		50.043		34.868		0.000		0.000		0.000		353.018		4121.633		2148.125
12-2024		0.000		47.517		34.426		0.000		0.000		0.000		333.503		4455.137		2259.668
12-2025		0.000		45.128		34.007		0.000		0.000		0.000		315.117		4770.254		2355.480
12-2026		0.000		42.861		33.609		0.000		0.000		0.000		297.726		5067.981		2437.775
12-2027		0.000		40.709		33.231		0.000		0.000		0.000		281.267		5349.248		2508.453
S TOT		0.000		1075.526		555.763		0.000		0.000		2514.510		5349.248		5349.248		2508.453
AFTER		0.000		415.471		466.267		0.000		0.000		0.000		2736.146		8085.394		2892.521
TOTAL		0.000		1490.996		1022.031		0.000		0.000		2514.510		8085.393		8085.394		2892.521

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		157.723		58.086
NET REVENUE, M$ 12909.628		203.303
INITIAL PRICE, $ 81.850		3.500
INITIAL N.I., PCT.		28.940		28.940

		P.W. %		P.W., M$
LIFE, YRS.	30.08		5.00		4597.054
DISCOUNT %	10.00		10.00		2892.521
UNDISCOUNTED PAYOUT, YRS.	2.73		12.00		2447.568
DISCOUNTED PAYOUT, YRS.	2.99		15.00		1929.365
UNDISCOUNTED NET/INVEST.	4.22		18.00		1535.883
DISCOUNTED NET/INVEST.	2.24		20.00		1322.980
RATE-OF-RETURN, PCT.	49.27		30.00		613.831
INITIAL W.I., PCT.	36.180		60.00		-184.419
			80.00		-375.120
			100.00		-474.627

GULBRANSON 3-1HSA	DATE	: 03/18/2013
163N 100W 18	TIME	: 13:54:17
THREE FORKS	DBS	: MHA
SM ENERGY COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		74.233		63.371		6.692		5.713		81.850		3.500		547.777		19.996		567.773
12-2015		48.405		35.664		4.364		3.215		81.850		3.500		357.192		11.253		368.445
12-2016		36.753		23.162		3.313		2.088		81.850		3.500		271.204		7.308		278.513
12-2017		30.856		16.652		2.782		1.501		81.850		3.500		227.688		5.254		232.943
12-2018		27.123		12.540		2.445		1.131		81.850		3.500		200.148		3.957		204.104
12-2019		24.487		9.700		2.208		0.874		81.850		3.500		180.692		3.061		183.753
12-2020		22.496		7.636		2.028		0.688		81.850		3.500		166.003		2.409		168.412
12-2021		20.924		6.086		1.886		0.549		81.850		3.500		154.402		1.920		156.323
12-2022		19.642		4.896		1.771		0.441		81.850		3.500		144.940		1.545		146.485
12-2023		18.570		3.967		1.674		0.358		81.850		3.500		137.028		1.252		138.280
12-2024		17.632		3.228		1.590		0.291		81.850		3.500		130.111		1.018		131.130
12-2025		16.751		2.628		1.510		0.237		81.850		3.500		123.606		0.829		124.435
12-2026		15.913		2.140		1.435		0.193		81.850		3.500		117.426		0.675		118.101
12-2027		15.117		1.742		1.363		0.157		81.850		3.500		111.554		0.550		112.104
S TOT		388.902		193.410		35.061		17.437		81.850		3.500		2869.771		61.029		2930.800
AFTER		156.098		7.303		14.073		0.658		81.850		3.500		1151.877		2.305		1154.181
TOTAL		545.000		200.713		49.134		18.095		81.850		3.500		4021.647		63.333		4084.980

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		0.000		63.623		18.043		0.000		0.000		790.026		-303.919		-303.919		-297.239
12-2015		0.000		41.431		15.503		0.000		0.000		0.000		311.512		7.592		-50.952
12-2016		0.000		31.418		13.741		0.000		0.000		0.000		233.354		240.946		116.564
12-2017		0.000		26.349		12.849		0.000		0.000		0.000		193.744		434.690		242.939
12-2018		0.000		23.141		12.285		0.000		0.000		0.000		168.678		603.368		342.934
12-2019		0.000		20.876		11.886		0.000		0.000		0.000		150.991		754.359		424.293
12-2020		0.000		19.166		11.586		0.000		0.000		0.000		137.661		892.019		491.717
12-2021		0.000		17.817		11.348		0.000		0.000		0.000		127.158		1019.178		548.331
12-2022		0.000		16.717		11.154		0.000		0.000		0.000		118.614		1137.792		596.337
12-2023		0.000		15.798		10.992		0.000		0.000		0.000		111.491		1249.282		637.356
12-2024		0.000		14.995		10.850		0.000		0.000		0.000		105.285		1354.567		672.569
12-2025		0.000		14.241		10.717		0.000		0.000		0.000		99.477		1454.045		702.815
12-2026		0.000		13.525		10.590		0.000		0.000		0.000		93.985		1548.030		728.794
12-2027		0.000		12.846		10.470		0.000		0.000		0.000		88.788		1636.818		751.105
S TOT		0.000		331.942		172.014		0.000		0.000		790.026		1636.818		1636.818		751.105
AFTER		0.000		132.538		149.094		0.000		0.000		0.000		872.548		2509.366		872.844
TOTAL		0.000		464.480		321.109		0.000		0.000		790.026		2509.366		2509.366		872.844

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		49.134		18.095
NET REVENUE, M$ 4021.647		63.333
INITIAL PRICE, $ 81.850		3.500
INITIAL N.I., PCT.		9.015		9.015

		P.W. %		P.W., M$
LIFE, YRS.	30.33		5.00		1406.880
DISCOUNT %	10.00		10.00		872.844
UNDISCOUNTED PAYOUT, YRS.	2.98		12.00		734.384
DISCOUNTED PAYOUT, YRS.	3.30		15.00		573.909
UNDISCOUNTED NET/INVEST.	4.18		18.00		452.823
DISCOUNTED NET/INVEST.	2.22		20.00		387.676
RATE-OF-RETURN, PCT.	48.79		30.00		173.579
INITIAL W.I., PCT.	11.367		60.00		-55.440
			80.00		-104.735
			100.00		-127.779

LEGAARD 2-25HNB	DATE	: 03/18/2013
163N 101W 25	TIME	: 13:54:17
THREE FORKS	DBS	: MHA
SM ENERGY COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		58.321		50.526		1.908		1.653		81.850		3.500		156.192		5.786		161.978
12-2014		53.709		41.171		1.757		1.347		81.850		3.500		143.839		4.715		148.553
12-2015		38.852		25.456		1.271		0.833		81.850		3.500		104.052		2.915		106.967
12-2016		32.059		17.985		1.049		0.588		81.850		3.500		85.858		2.060		87.917
12-2017		27.928		13.421		0.914		0.439		81.850		3.500		74.794		1.537		76.331
12-2018		25.073		10.323		0.820		0.338		81.850		3.500		67.149		1.182		68.331
12-2019		22.948		8.096		0.751		0.265		81.850		3.500		61.458		0.927		62.385
12-2020		21.286		6.435		0.696		0.211		81.850		3.500		57.007		0.737		57.744
12-2021		19.940		5.166		0.652		0.169		81.850		3.500		53.402		0.592		53.994
12-2022		18.821		4.178		0.616		0.137		81.850		3.500		50.406		0.479		50.884
12-2023		17.860		3.398		0.584		0.111		81.850		3.500		47.831		0.389		48.220
12-2024		16.967		2.767		0.555		0.091		81.850		3.500		45.439		0.317		45.756
12-2025		16.118		2.252		0.527		0.074		81.850		3.500		43.167		0.258		43.425
12-2026		15.313		1.834		0.501		0.060		81.850		3.500		41.009		0.210		41.219
12-2027		14.547		1.493		0.476		0.049		81.850		3.500		38.959		0.171		39.130
S TOT		399.742		194.501		13.080		6.364		81.850		3.500		1070.561		22.274		1092.835
AFTER		145.258		6.213		4.753		0.203		81.850		3.500		389.021		0.711		389.733
TOTAL		545.000		200.713		17.832		6.567		81.850		3.500		1459.582		22.986		1482.568

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		18.144		4.890		0.000		0.000		284.255		-145.311		-145.311		-147.136
12-2014		0.000		16.690		5.866		0.000		0.000		0.000		125.997		-19.314		-37.486
12-2015		0.000		12.058		5.058		0.000		0.000		0.000		89.851		70.537		33.479
12-2016		0.000		9.938		4.689		0.000		0.000		0.000		73.290		143.828		86.070
12-2017		0.000		8.650		4.464		0.000		0.000		0.000		63.218		207.045		127.296
12-2018		0.000		7.759		4.309		0.000		0.000		0.000		56.263		263.308		160.646
12-2019		0.000		7.097		4.193		0.000		0.000		0.000		51.095		314.403		188.175
12-2020		0.000		6.579		4.103		0.000		0.000		0.000		47.062		361.465		211.224
12-2021		0.000		6.160		4.029		0.000		0.000		0.000		43.804		405.270		230.725
12-2022		0.000		5.812		3.969		0.000		0.000		0.000		41.104		446.374		247.360
12-2023		0.000		5.513		3.916		0.000		0.000		0.000		38.791		485.165		261.632
12-2024		0.000		5.235		3.868		0.000		0.000		0.000		36.653		521.818		273.891
12-2025		0.000		4.972		3.822		0.000		0.000		0.000		34.631		556.449		284.420
12-2026		0.000		4.723		3.778		0.000		0.000		0.000		32.719		589.168		293.464
12-2027		0.000		4.486		3.736		0.000		0.000		0.000		30.908		620.076		301.231
S TOT		0.000		123.815		64.690		0.000		0.000		284.255		620.076		620.076		301.231
AFTER		0.000		44.760		50.847		0.000		0.000		0.000		294.126		914.202		343.039
TOTAL		0.000		168.574		115.536		0.000		0.000		284.255		914.202		914.202		343.039

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		17.832		6.567
NET REVENUE, M$		1459.582		22.986
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		3.272		3.272

		P.W. %		P.W., M$
LIFE, YRS.	29.58		5.00		532.633
DISCOUNT %	10.00		10.00		343.039
UNDISCOUNTED PAYOUT, YRS.	2.21		12.00		292.902
DISCOUNTED PAYOUT, YRS.	2.53		15.00		233.968
UNDISCOUNTED NET/INVEST.	4.22		18.00		188.673
DISCOUNTED NET/INVEST.	2.24		20.00		163.896
RATE-OF-RETURN, PCT.	49.23		30.00		79.168
INITIAL W.I., PCT.	4.090		60.00		-26.338
			80.00		-56.866
			100.00		-75.856

LEGAARD 2-25HSA	DATE	: 03/18/2013
163N 101W 25	TIME	: 13:54:17
THREE FORKS	DBS	: MHA
SM ENERGY COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		63.907		55.092		2.091		1.803		81.850		3.500		171.153		6.309		177.462
12-2014		51.741		39.140		1.693		1.281		81.850		3.500		138.569		4.482		143.051
12-2015		38.112		24.649		1.247		0.807		81.850		3.500		102.070		2.823		104.893
12-2016		31.642		17.523		1.035		0.573		81.850		3.500		84.742		2.007		86.748
12-2017		27.652		13.118		0.905		0.429		81.850		3.500		74.055		1.502		75.557
12-2018		24.873		10.110		0.814		0.331		81.850		3.500		66.613		1.158		67.771
12-2019		22.794		7.939		0.746		0.260		81.850		3.500		61.046		0.909		61.955
12-2020		21.163		6.316		0.692		0.207		81.850		3.500		56.678		0.723		57.401
12-2021		19.839		5.074		0.649		0.166		81.850		3.500		53.132		0.581		53.713
12-2022		18.736		4.106		0.613		0.134		81.850		3.500		50.178		0.470		50.648
12-2023		17.784		3.340		0.582		0.109		81.850		3.500		47.627		0.383		48.009
12-2024		16.894		2.720		0.553		0.089		81.850		3.500		45.246		0.311		45.557
12-2025		16.050		2.214		0.525		0.072		81.850		3.500		42.983		0.254		43.237
12-2026		15.247		1.803		0.499		0.059		81.850		3.500		40.834		0.206		41.041
12-2027		14.485		1.468		0.474		0.048		81.850		3.500		38.792		0.168		38.961
S TOT		400.920		194.612		13.118		6.368		81.850		3.500		1073.718		22.287		1096.005
AFTER		144.080		6.102		4.714		0.200		81.850		3.500		385.864		0.699		386.563
TOTAL		545.000		200.714		17.832		6.567		81.850		3.500		1459.582		22.986		1482.568

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		19.881		5.440		0.000		0.000		284.255		-132.114		-132.114		-136.264
12-2014		0.000		16.076		5.759		0.000		0.000		0.000		121.216		-10.898		-30.802
12-2015		0.000		11.827		5.018		0.000		0.000		0.000		88.048		77.150		38.734
12-2016		0.000		9.808		4.666		0.000		0.000		0.000		72.274		149.424		90.594
12-2017		0.000		8.564		4.449		0.000		0.000		0.000		62.545		211.969		131.381
12-2018		0.000		7.697		4.298		0.000		0.000		0.000		55.776		267.745		164.441
12-2019		0.000		7.049		4.185		0.000		0.000		0.000		50.722		318.467		191.769
12-2020		0.000		6.541		4.096		0.000		0.000		0.000		46.765		365.231		214.672
12-2021		0.000		6.128		4.024		0.000		0.000		0.000		43.560		408.792		234.065
12-2022		0.000		5.785		3.964		0.000		0.000		0.000		40.899		449.691		250.617
12-2023		0.000		5.489		3.912		0.000		0.000		0.000		38.608		488.299		264.821
12-2024		0.000		5.213		3.864		0.000		0.000		0.000		36.480		524.779		277.022
12-2025		0.000		4.951		3.818		0.000		0.000		0.000		34.468		559.247		287.502
12-2026		0.000		4.702		3.774		0.000		0.000		0.000		32.564		591.811		296.503
12-2027		0.000		4.466		3.733		0.000		0.000		0.000		30.761		622.573		304.233
S TOT		0.000		124.178		64.999		0.000		0.000		284.255		622.573		622.573		304.233
AFTER		0.000		44.396		50.537		0.000		0.000		0.000		291.629		914.202		345.775
TOTAL		0.000		168.574		115.536		0.000		0.000		284.255		914.202		914.202		345.775

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.714
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.714
NET RES., MB & MMF		17.832		6.567
NET REVENUE, M$		1459.582		22.986
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		3.272		3.272

		P.W. %		P.W., M$
LIFE, YRS.	29.50		5.00		534.803
DISCOUNT %	10.00		10.00		345.775
UNDISCOUNTED PAYOUT, YRS.	2.12		12.00		295.682
DISCOUNTED PAYOUT, YRS.	2.44		15.00		236.709
UNDISCOUNTED NET/INVEST.	4.22		18.00		191.293
DISCOUNTED NET/INVEST.	2.24		20.00		166.405
RATE-OF-RETURN, PCT.	49.22		30.00		80.918
INITIAL W.I., PCT.	4.090		60.00		-27.390
			80.00		-59.721
			100.00		-80.366

MONA JOHNSON 1-3N	DATE	: 03/18/2013
163N 101W 3	TIME	: 13:54:17
THREE FORKS	DBS	: MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		43.248		37.100		10.894		9.345		81.850		3.500		891.692		32.709		924.401
12-2014		31.241		23.322		7.870		5.875		81.850		3.500		644.128		20.562		664.691
12-2015		23.384		14.929		5.890		3.761		81.850		3.500		482.123		13.162		495.284
12-2016		19.526		10.675		4.919		2.689		81.850		3.500		402.584		9.411		411.995
12-2017		17.115		8.015		4.311		2.019		81.850		3.500		352.873		7.067		359.940
12-2018		15.424		6.189		3.885		1.559		81.850		3.500		318.003		5.456		323.459
12-2019		14.152		4.866		3.565		1.226		81.850		3.500		291.793		4.290		296.083
12-2020		13.152		3.875		3.313		0.976		81.850		3.500		271.161		3.416		274.578
12-2021		12.337		3.115		3.108		0.785		81.850		3.500		254.371		2.746		257.117
12-2022		11.658		2.522		2.937		0.635		81.850		3.500		240.360		2.224		242.584
12-2023		11.067		2.052		2.788		0.517		81.850		3.500		228.187		1.809		229.997
12-2024		10.514		1.671		2.648		0.421		81.850		3.500		216.778		1.473		218.251
12-2025		9.988		1.360		2.516		0.343		81.850		3.500		205.939		1.199		207.138
12-2026		9.489		1.108		2.390		0.279		81.850		3.500		195.642		0.977		196.619
12-2027		9.014		0.902		2.271		0.227		81.850		3.500		185.860		0.795		186.655
S TOT		251.309		121.701		63.305		30.656		81.850		3.500		5181.494		107.297		5288.791
AFTER		89.311		3.745		22.497		0.943		81.850		3.500		1841.415		3.302		1844.718
TOTAL		340.620		125.446		85.802		31.600		81.850		3.500		7022.910		110.599		7133.508

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		103.573		35.118		0.000		0.000		1873.655		-1087.944		-1087.944		-1114.014
12-2014		0.000		74.721		35.757		0.000		0.000		0.000		554.213		-533.732		-631.911
12-2015		0.000		55.858		32.466		0.000		0.000		0.000		406.960		-126.771		-310.524
12-2016		0.000		46.593		30.851		0.000		0.000		0.000		334.552		207.780		-70.466
12-2017		0.000		40.802		29.841		0.000		0.000		0.000		289.296		497.077		118.193
12-2018		0.000		36.742		29.132		0.000		0.000		0.000		257.585		754.662		270.873
12-2019		0.000		33.691		28.600		0.000		0.000		0.000		233.792		988.454		396.837
12-2020		0.000		31.291		28.181		0.000		0.000		0.000		215.106		1203.560		502.188
12-2021		0.000		29.339		27.840		0.000		0.000		0.000		199.938		1403.498		591.201
12-2022		0.000		27.711		27.555		0.000		0.000		0.000		187.317		1590.815		667.010
12-2023		0.000		26.298		27.308		0.000		0.000		0.000		176.390		1767.205		731.906
12-2024		0.000		24.976		27.076		0.000		0.000		0.000		166.199		1933.405		787.494
12-2025		0.000		23.721		26.856		0.000		0.000		0.000		156.562		2089.966		835.099
12-2026		0.000		22.530		26.647		0.000		0.000		0.000		147.442		2237.408		875.854
12-2027		0.000		21.399		26.448		0.000		0.000		0.000		138.808		2376.217		910.735
S TOT		0.000		599.244		439.676		0.000		0.000		1873.655		2376.217		2376.217		910.735
AFTER		0.000		211.867		364.271		0.000		0.000		0.000		1268.580		3644.796		1093.380
TOTAL		0.000		811.110		803.948		0.000		0.000		1873.655		3644.796		3644.796		1093.380

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES.,  MB & MMF		85.802		31.600
NET REVENUE, M$		7022.909		110.599
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		25.190		25.190

		P.W. %		P.W., M$
LIFE, YRS.	29.42		5.00		1949.199
DISCOUNT %	10.00		10.00		1093.380
UNDISCOUNTED PAYOUT, YRS.	3.38		12.00		864.790
DISCOUNTED PAYOUT, YRS.	4.37		15.00		594.487
UNDISCOUNTED NET/INVEST.	2.95		18.00		385.333
DISCOUNTED NET/INVEST.	1.59		20.00		270.307
RATE-OF-RETURN, PCT.	26.25		30.00		-127.359
INITIAL W.I., PCT.	31.490		60.00		-639.627
			80.00		-796.005
			100.00		-897.526

MONTCLAIR 0112-2TFH S1-25	DATE	: 03/18/2013
163N 99W 1	TIME	: 13:54:17
THREE FORKS	DBS	: MHA
SAMSON RESOURCES COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		74.233		63.371		0.645		0.551		81.850		2.867		52.784		1.578		54.363
12-2014		48.405		35.664		0.421		0.310		81.850		3.500		34.419		1.084		35.504
12-2015		36.753		23.162		0.319		0.201		81.850		3.500		26.134		0.704		26.838
12-2016		30.856		16.652		0.268		0.145		81.850		3.500		21.940		0.506		22.447
12-2017		27.123		12.540		0.236		0.109		81.850		3.500		19.286		0.381		19.668
12-2018		24.487		9.700		0.213		0.084		81.850		3.500		17.412		0.295		17.707
12-2019		22.496		7.636		0.195		0.066		81.850		3.500		15.996		0.232		16.228
12-2020		20.924		6.086		0.182		0.053		81.850		3.500		14.878		0.185		15.063
12-2021		19.642		4.896		0.171		0.043		81.850		3.500		13.967		0.149		14.115
12-2022		18.570		3.967		0.161		0.034		81.850		3.500		13.204		0.121		13.325
12-2023		17.632		3.228		0.153		0.028		81.850		3.500		12.538		0.098		12.636
12-2024		16.751		2.628		0.146		0.023		81.850		3.500		11.911		0.080		11.991
12-2025		15.913		2.140		0.138		0.019		81.850		3.500		11.315		0.065		11.380
12-2026		15.117		1.742		0.131		0.015		81.850		3.500		10.749		0.053		10.802
12-2027		14.362		1.418		0.125		0.012		81.850		3.500		10.212		0.043		10.255
S TOT		403.263		194.828		3.503		1.693		81.850		3.294		286.746		5.575		292.322
AFTER		141.737		5.885		1.231		0.051		81.850		3.500		100.784		0.179		100.963
TOTAL		545.000		200.713		4.735		1.744		81.850		3.300		387.530		5.754		393.285

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		6.131		1.725		0.000		0.000		75.539		-29.032		-29.032		-31.247
12-2014		0.000		3.992		1.482		0.000		0.000		0.000		30.029		0.997		-5.131
12-2015		0.000		3.027		1.314		0.000		0.000		0.000		22.496		23.493		12.633
12-2016		0.000		2.539		1.229		0.000		0.000		0.000		18.679		42.172		26.036
12-2017		0.000		2.230		1.175		0.000		0.000		0.000		16.263		58.435		36.641
12-2018		0.000		2.012		1.137		0.000		0.000		0.000		14.558		72.994		45.270
12-2019		0.000		1.847		1.108		0.000		0.000		0.000		13.274		86.268		52.421
12-2020		0.000		1.717		1.085		0.000		0.000		0.000		12.262		98.529		58.426
12-2021		0.000		1.611		1.066		0.000		0.000		0.000		11.438		109.967		63.519
12-2022		0.000		1.522		1.051		0.000		0.000		0.000		10.752		120.719		67.870
12-2023		0.000		1.445		1.037		0.000		0.000		0.000		10.153		130.872		71.605
12-2024		0.000		1.372		1.025		0.000		0.000		0.000		9.594		140.466		74.814
12-2025		0.000		1.303		1.013		0.000		0.000		0.000		9.064		149.530		77.570
12-2026		0.000		1.238		1.001		0.000		0.000		0.000		8.564		158.094		79.937
12-2027		0.000		1.176		0.990		0.000		0.000		0.000		8.089		166.183		81.970
S TOT		0.000		33.162		17.437		0.000		0.000		75.539		166.183		166.183		81.970
AFTER		0.000		11.596		13.266		0.000		0.000		0.000		76.102		242.285		92.857
TOTAL		0.000		44.758		30.703		0.000		0.000		75.539		242.285		242.285		92.857

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		4.735		1.744
NET REVENUE, M$		387.530		5.754
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.869		0.869

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		142.726
DISCOUNT %	10.00		10.00		92.857
UNDISCOUNTED PAYOUT, YRS.	1.97		12.00		79.586
DISCOUNTED PAYOUT, YRS.	2.29		15.00		63.916
UNDISCOUNTED NET/INVEST.	4.21		18.00		51.800
DISCOUNTED NET/INVEST.	2.23		20.00		45.136
RATE-OF-RETURN, PCT.	48.87		30.00		22.043
INITIAL W.I., PCT.	1.087		60.00		-8.251
			80.00		-17.866
			100.00		-24.322

MURIELLE 9-1E-163-101	DATE	: 03/18/2013
163N 101W 1	TIME	: 13:54:17
THREE FORKS	DBS	: MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS			NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION			PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF			MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000			0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		74.233		63.371			21.565		18.409		81.850		3.500		1765.065		64.432		1829.498
12-2015		48.405		35.664			14.062		10.360		81.850		3.500		1150.955		36.261		1187.217
12-2016		36.753		23.162			10.677		6.728		81.850		3.500		873.883		23.550		897.433
12-2017		30.856		16.652			8.964		4.837		81.850		3.500		733.665		16.931		750.596
12-2018		27.123		12.540			7.879		3.643		81.850		3.500		644.923		12.750		657.673
12-2019		24.487		9.700			7.113		2.818		81.850		3.500		582.233		9.862		592.096
12-2020		22.496		7.636			6.535		2.218		81.850		3.500		534.900		7.764		542.664
12-2021		20.924		6.086			6.078		1.768		81.850		3.500		497.521		6.188		503.709
12-2022		19.642		4.896			5.706		1.422		81.850		3.500		467.030		4.978		472.008
12-2023		18.570		3.967			5.394		1.152		81.850		3.500		441.538		4.033		445.571
12-2024		17.632		3.228			5.122		0.938		81.850		3.500		419.250		3.282		422.532
12-2025		16.751		2.628			4.866		0.763		81.850		3.500		398.287		2.672		400.959
12-2026		15.913		2.140			4.623		0.622		81.850		3.500		378.373		2.175		380.548
12-2027		15.117		1.742			4.392		0.506		81.850		3.500		359.454		1.771		361.225
S TOT		388.902		193.410			112.976		56.186		81.850		3.500		9247.077		196.650		9443.726
AFTER		156.098		7.303			45.347		2.122		81.850		3.500		3711.617		7.426		3719.043
					��
TOTAL		545.000		200.713			158.322		58.307		81.850		3.500		12958.694		204.075		13162.769

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		0.000		205.008		57.635		0.000		0.000		2523.545		-956.690		-956.690		-937.243
12-2015		0.000		133.500		49.519		0.000		0.000		0.000		1004.198		47.508		-143.306
12-2016		0.000		101.237		43.892		0.000		0.000		0.000		752.304		799.812		396.745
12-2017		0.000		84.904		41.044		0.000		0.000		0.000		624.648		1424.461		804.189
12-2018		0.000		74.567		39.242		0.000		0.000		0.000		543.864		1968.325		1126.602
12-2019		0.000		67.267		37.968		0.000		0.000		0.000		486.860		2455.186		1388.938
12-2020		0.000		61.758		37.007		0.000		0.000		0.000		443.899		2899.085		1606.355
12-2021		0.000		57.409		36.248		0.000		0.000		0.000		410.052		3309.136		1788.920
12-2022		0.000		53.865		35.629		0.000		0.000		0.000		382.514		3691.650		1943.732
12-2023		0.000		50.904		35.111		0.000		0.000		0.000		359.556		4051.207		2076.016
12-2024		0.000		48.317		34.658		0.000		0.000		0.000		339.556		4390.763		2189.583
12-2025		0.000		45.887		34.232		0.000		0.000		0.000		320.840		4711.603		2287.135
12-2026		0.000		43.581		33.828		0.000		0.000		0.000		303.139		5014.742		2370.927
12-2027		0.000		41.393		33.444		0.000		0.000		0.000		286.389		5301.131		2442.891
S TOT		0.000		1069.594		549.457		0.000		0.000		2523.545		5301.131		5301.131		2442.891
AFTER		0.000		427.069		476.246		0.000		0.000		0.000		2815.729		8116.858		2835.697
TOTAL		0.000		1496.664		1025.703		0.000		0.000		2523.545		8116.860		8116.858		2835.697

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		158.322		58.307
NET REVENUE, M$		12958.695		204.075
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		29.050		29.050

		P.W. %		P.W., M$
LIFE, YRS.	30.33		5.00		4559.195
DISCOUNT %	10.00		10.00		2835.697
UNDISCOUNTED PAYOUT, YRS.	2.95		12.00		2388.769
DISCOUNTED PAYOUT, YRS.	3.27		15.00		1870.704
UNDISCOUNTED NET/INVEST.	4.22		18.00		1479.715
DISCOUNTED NET/INVEST.	2.24		20.00		1269.312
RATE-OF-RETURN, PCT.	49.31		30.00		577.476
INITIAL W.I., PCT.	36.310		60.00		-164.257
			80.00		-324.787
			100.00		-400.360

NOMAD 0607-3TFH	DATE	: 03/18/2013
163N 99W 7	TIME	: 13:54:17
THREE FORKS	DBS	: MHA
SAMSON RESOURCES COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		74.233		63.371		10.405		8.883		81.850		2.867		851.662		25.467		877.129
12-2014		48.405		35.664		6.785		4.999		81.850		3.500		555.348		17.496		572.844
12-2015		36.753		23.162		5.152		3.247		81.850		3.500		421.658		11.363		433.021
12-2016		30.856		16.652		4.325		2.334		81.850		3.500		354.001		8.169		362.170
12-2017		27.123		12.540		3.802		1.758		81.850		3.500		311.182		6.152		317.334
12-2018		24.487		9.700		3.432		1.360		81.850		3.500		280.934		4.759		285.692
12-2019		22.496		7.636		3.153		1.070		81.850		3.500		258.095		3.746		261.841
12-2020		20.924		6.086		2.933		0.853		81.850		3.500		240.059		2.986		243.045
12-2021		19.642		4.896		2.753		0.686		81.850		3.500		225.347		2.402		227.749
12-2022		18.570		3.967		2.603		0.556		81.850		3.500		213.047		1.946		214.993
12-2023		17.632		3.228		2.472		0.452		81.850		3.500		202.292		1.584		203.876
12-2024		16.751		2.628		2.348		0.368		81.850		3.500		192.178		1.289		193.467
12-2025		15.913		2.140		2.231		0.300		81.850		3.500		182.569		1.050		183.619
12-2026		15.117		1.742		2.119		0.244		81.850		3.500		173.440		0.855		174.295
12-2027		14.362		1.418		2.013		0.199		81.850		3.500		164.768		0.696		165.464
S TOT		403.263		194.828		56.525		27.309		81.850		3.294		4626.580		89.959		4716.538
AFTER		141.737		5.885		19.867		0.825		81.850		3.500		1626.125		2.887		1629.013
TOTAL		545.000		200.713		76.392		28.134		81.850		3.300		6252.705		92.846		6345.550

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		98.918		27.849		0.000		0.000		1219.372		-469.010		-469.010		-504.737
12-2014		0.000		64.415		23.928		0.000		0.000		0.000		484.502		15.492		-83.376
12-2015		0.000		48.848		21.208		0.000		0.000		0.000		362.965		378.456		203.238
12-2016		0.000		40.967		19.832		0.000		0.000		0.000		301.371		679.827		419.474
12-2017		0.000		35.979		18.962		0.000		0.000		0.000		262.393		942.220		590.580
12-2018		0.000		32.457		18.346		0.000		0.000		0.000		234.889		1177.109		729.803
12-2019		0.000		29.799		17.882		0.000		0.000		0.000		214.161		1391.270		845.186
12-2020		0.000		27.701		17.515		0.000		0.000		0.000		197.829		1589.099		942.072
12-2021		0.000		25.990		17.216		0.000		0.000		0.000		184.543		1773.641		1024.229
12-2022		0.000		24.562		16.966		0.000		0.000		0.000		173.466		1947.107		1094.431
12-2023		0.000		23.313		16.747		0.000		0.000		0.000		163.816		2110.923		1154.699
12-2024		0.000		22.141		16.541		0.000		0.000		0.000		154.785		2265.708		1206.468
12-2025		0.000		21.028		16.346		0.000		0.000		0.000		146.245		2411.952		1250.934
12-2026		0.000		19.973		16.160		0.000		0.000		0.000		138.163		2550.115		1289.124
12-2027		0.000		18.970		15.984		0.000		0.000		0.000		130.510		2680.625		1321.919
S TOT		0.000		535.061		281.480		0.000		0.000		1219.372		2680.625		2680.625		1321.919
AFTER		0.000		187.095		214.137		0.000		0.000		0.000		1227.780		3908.405		1497.564
TOTAL		0.000		722.156		495.618		0.000		0.000		1219.372		3908.405		3908.405		1497.564

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		76.392		28.134
NET REVENUE, M$		6252.705		92.846
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.017		14.017

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		2302.151
DISCOUNT %	10.00		10.00		1497.564
UNDISCOUNTED PAYOUT, YRS.	1.97		12.00		1283.456
DISCOUNTED PAYOUT, YRS.	2.29		15.00		1030.633
UNDISCOUNTED NET/INVEST.	4.21		18.00		835.152
DISCOUNTED NET/INVEST.	2.23		20.00		727.638
RATE-OF-RETURN, PCT.	48.84		30.00		355.052
INITIAL W.I., PCT.	17.545		60.00		-133.714
			80.00		-288.852
			100.00		-393.008

ROSE 16-24HN	DATE	: 03/18/2013
163N 100W 25	TIME	: 13:54:17
THREE FORKS	DBS	: MHA
SM ENERGY COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		52.382		45.610		1.714		1.492		81.850		3.500		140.286		5.223		145.509
12-2014		55.938		43.455		1.830		1.422		81.850		3.500		149.810		4.977		154.786
12-2015		39.638		26.310		1.297		0.861		81.850		3.500		106.156		3.013		109.169
12-2016		32.493		18.465		1.063		0.604		81.850		3.500		87.019		2.115		89.134
12-2017		28.212		13.733		0.923		0.449		81.850		3.500		75.556		1.573		77.129
12-2018		25.278		10.543		0.827		0.345		81.850		3.500		67.698		1.207		68.906
12-2019		23.105		8.257		0.756		0.270		81.850		3.500		61.877		0.946		62.823
12-2020		21.411		6.557		0.701		0.215		81.850		3.500		57.341		0.751		58.092
12-2021		20.043		5.260		0.656		0.172		81.850		3.500		53.677		0.602		54.279
12-2022		18.907		4.252		0.619		0.139		81.850		3.500		50.636		0.487		51.123
12-2023		17.936		3.457		0.587		0.113		81.850		3.500		48.036		0.396		48.432
12-2024		17.040		2.814		0.558		0.092		81.850		3.500		45.634		0.322		45.956
12-2025		16.188		2.291		0.530		0.075		81.850		3.500		43.352		0.262		43.615
12-2026		15.378		1.866		0.503		0.061		81.850		3.500		41.185		0.214		41.398
12-2027		14.609		1.519		0.478		0.050		81.850		3.500		39.125		0.174		39.299
S TOT		398.558		194.388		13.041		6.360		81.850		3.500		1067.390		22.261		1089.651
AFTER		146.442		6.326		4.792		0.207		81.850		3.500		392.192		0.724		392.917
TOTAL		545.000		200.713		17.832		6.567		81.850		3.500		1459.582		22.986		1482.568

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		16.297		4.322		0.000		0.000		284.255		-159.365		-159.365		-158.698
12-2014		0.000		17.385		5.988		0.000		0.000		0.000		131.414		-27.950		-44.299
12-2015		0.000		12.303		5.101		0.000		0.000		0.000		91.765		63.815		28.183
12-2016		0.000		10.074		4.712		0.000		0.000		0.000		74.348		138.163		81.535
12-2017		0.000		8.738		4.479		0.000		0.000		0.000		63.911		202.074		123.215
12-2018		0.000		7.823		4.320		0.000		0.000		0.000		56.763		258.836		156.861
12-2019		0.000		7.146		4.202		0.000		0.000		0.000		51.476		310.312		184.595
12-2020		0.000		6.618		4.109		0.000		0.000		0.000		47.365		357.677		207.792
12-2021		0.000		6.192		4.035		0.000		0.000		0.000		44.052		401.729		227.405
12-2022		0.000		5.838		3.973		0.000		0.000		0.000		41.311		443.040		244.124
12-2023		0.000		5.537		3.920		0.000		0.000		0.000		38.975		482.015		258.463
12-2024		0.000		5.258		3.872		0.000		0.000		0.000		36.827		518.842		270.779
12-2025		0.000		4.994		3.825		0.000		0.000		0.000		34.796		553.638		281.359
12-2026		0.000		4.743		3.781		0.000		0.000		0.000		32.874		586.512		290.446
12-2027		0.000		4.505		3.739		0.000		0.000		0.000		31.055		617.567		298.250
S TOT		0.000		123.449		64.380		0.000		0.000		284.255		617.567		617.567		298.250
AFTER		0.000		45.125		51.156		0.000		0.000		0.000		296.635		914.202		340.325
TOTAL		0.000		168.574		115.536		0.000		0.000		284.255		914.202		914.202		340.325

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		17.832		6.567
NET REVENUE, M$		1459.582		22.986
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		3.272		3.272

		P.W. %		P.W., M$
LIFE, YRS.	29.67		5.00		530.472
DISCOUNT %	10.00		10.00		340.325
UNDISCOUNTED PAYOUT, YRS.	2.30		12.00		290.149
DISCOUNTED PAYOUT, YRS.	2.61		15.00		231.259
UNDISCOUNTED NET/INVEST.	4.22		18.00		186.088
DISCOUNTED NET/INVEST.	2.24		20.00		161.424
RATE-OF-RETURN, PCT.	49.24		30.00		77.456
INITIAL W.I., PCT.	4.090		60.00		-25.326
			80.00		-54.148
			100.00		-71.598

STANLEY 8-1	DATE	: 03/18/2013
163N 102W 1	TIME	: 13:54:17
THREE FORKS	DBS	: MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		74.233		63.371		10.764		9.189		81.850		2.867		881.014		26.344		907.358
12-2014		48.405		35.664		3.509		2.586		81.850		3.500		287.244		9.050		296.293
12-2015		36.753		23.162		2.468		1.463		81.850		3.500		201.969		5.119		207.088
12-2016		30.856		16.652		8.948		4.829		81.850		3.500		732.402		16.902		749.304
12-2017		27.123		12.540		7.866		3.637		81.850		3.500		643.813		12.728		656.541
12-2018		24.487		9.700		7.101		2.813		81.850		3.500		581.231		9.845		591.076
12-2019		22.496		7.636		6.524		2.214		81.850		3.500		533.979		7.750		541.730
12-2020		20.924		6.086		6.068		1.765		81.850		3.500		496.664		6.177		502.842
12-2021		19.642		4.896		5.696		1.420		81.850		3.500		466.226		4.969		471.195
12-2022		18.570		3.967		5.385		1.150		81.850		3.500		440.778		4.026		444.804
12-2023		17.632		3.228		5.113		0.936		81.850		3.500		418.528		3.276		421.804
12-2024		16.751		2.628		4.858		0.762		81.850		3.500		397.602		2.667		400.269
12-2025		15.913		2.140		4.615		0.621		81.850		3.500		377.722		2.172		379.893
12-2026		15.117		1.742		4.384		0.505		81.850		3.500		358.836		1.768		360.604
12-2027		14.362		1.418		4.165		0.411		81.850		3.500		340.894		1.440		342.333
S TOT		403.263		194.828		87.464		34.300		81.850		3.330		7158.900		114.235		7273.136
AFTER		141.737		5.885		41.104		1.707		81.850		3.500		3364.336		5.973		3370.309
TOTAL		545.000		200.713		128.567		36.007		81.850		3.338		10523.237		120.208		10643.445

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		102.327		57.540		0.000		0.000		0.000		747.491		747.491		711.967
12-2014		0.000		33.317		49.437		0.000		0.000		0.000		213.538		961.030		897.729
12-2015		0.000		23.387		43.819		0.000		0.000		0.000		139.882		1100.911		1002.849
12-2016		0.000		84.757		40.976		0.000		0.000		0.000		623.570		1724.482		1450.265
12-2017		0.000		74.438		39.177		0.000		0.000		0.000		542.925		2267.407		1804.306
12-2018		0.000		67.151		37.906		0.000		0.000		0.000		486.020		2753.427		2092.378
12-2019		0.000		61.651		36.946		0.000		0.000		0.000		443.133		3196.560		2331.124
12-2020		0.000		57.311		36.188		0.000		0.000		0.000		409.343		3605.903		2531.598
12-2021		0.000		53.772		35.570		0.000		0.000		0.000		381.853		3987.756		2701.597
12-2022		0.000		50.816		35.053		0.000		0.000		0.000		358.935		4346.691		2846.858
12-2023		0.000		48.234		34.601		0.000		0.000		0.000		338.970		4685.661		2971.566
12-2024		0.000		45.808		34.176		0.000		0.000		0.000		320.285		5005.946		3078.688
12-2025		0.000		43.506		33.772		0.000		0.000		0.000		302.615		5308.561		3170.699
12-2026		0.000		41.322		33.389		0.000		0.000		0.000		285.894		5594.455		3249.723
12-2027		0.000		39.248		33.024		0.000		0.000		0.000		270.061		5864.516		3317.585
S TOT		0.000		827.047		581.573		0.000		0.000		0.000		5864.516		5864.516		3317.585
AFTER		0.000		387.086		442.435		0.000		0.000		0.000		2540.788		8405.305		3681.061
TOTAL		0.000		1214.133		1024.008		0.000		0.000		0.000		8405.304		8405.305		3681.061

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		128.567		36.007
NET REVENUE, M$		10523.234		120.208
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		14.500		14.500

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		5222.502
DISCOUNT %	10.00		10.00		3681.062
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		3283.170
DISCOUNTED PAYOUT, YRS.	0.00		15.00		2823.713
UNDISCOUNTED NET/INVEST.	0.00		18.00		2478.506
DISCOUNTED NET/INVEST.	0.00		20.00		2293.320
RATE-OF-RETURN, PCT.	100.00		30.00		1685.854
INITIAL W.I., PCT.	36.250		60.00		1009.338
			80.00		834.111
			100.00		728.458

TERRI LYNN 3-3N	DATE	: 03/18/2013
163N 101W 3	TIME	: 13:54:17
THREE FORKS	DBS	: MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		46.396		39.607		11.687		9.977		81.850		2.867		956.584		28.604		985.188
12-2014		30.253		22.290		7.621		5.615		81.850		3.500		623.765		19.652		643.417
12-2015		22.970		14.476		5.786		3.647		81.850		3.500		473.604		12.763		486.367
12-2016		19.285		10.408		4.858		2.622		81.850		3.500		397.612		9.176		406.788
12-2017		16.952		7.837		4.270		1.974		81.850		3.500		349.518		6.910		356.428
12-2018		15.304		6.062		3.855		1.527		81.850		3.500		315.543		5.345		320.888
12-2019		14.060		4.772		3.542		1.202		81.850		3.500		289.891		4.208		294.099
12-2020		13.078		3.804		3.294		0.958		81.850		3.500		269.633		3.354		272.987
12-2021		12.276		3.060		3.092		0.771		81.850		3.500		253.109		2.698		255.806
12-2022		11.606		2.479		2.924		0.624		81.850		3.500		239.293		2.186		241.479
12-2023		11.020		2.017		2.776		0.508		81.850		3.500		227.214		1.779		228.993
12-2024		10.469		1.642		2.637		0.414		81.850		3.500		215.853		1.448		217.301
12-2025		9.946		1.337		2.505		0.337		81.850		3.500		205.061		1.179		206.240
12-2026		9.448		1.089		2.380		0.274		81.850		3.500		194.808		0.960		195.768
12-2027		8.976		0.886		2.261		0.223		81.850		3.500		185.067		0.782		185.849
S TOT		252.040		121.768		63.489		30.673		81.850		3.294		5196.556		101.041		5297.598
AFTER		88.580		3.678		22.313		0.927		81.850		3.500		1826.353		3.243		1829.596
TOTAL		340.620		125.446		85.802		31.600		81.850		3.300		7022.909		104.284		7127.193

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		111.105		38.325		0.000		0.000		1873.655		-1037.897		-1037.897		-1077.646
12-2014		0.000		72.351		35.343		0.000		0.000		0.000		535.723		-502.174		-611.717
12-2015		0.000		54.866		32.293		0.000		0.000		0.000		399.208		-102.966		-296.471
12-2016		0.000		46.014		30.750		0.000		0.000		0.000		330.025		227.059		-59.669
12-2017		0.000		40.412		29.773		0.000		0.000		0.000		286.244		513.303		126.996
12-2018		0.000		36.455		29.082		0.000		0.000		0.000		255.350		768.654		278.350
12-2019		0.000		33.470		28.561		0.000		0.000		0.000		232.068		1000.721		403.384
12-2020		0.000		31.113		28.150		0.000		0.000		0.000		213.724		1214.445		508.057
12-2021		0.000		29.192		27.814		0.000		0.000		0.000		198.800		1413.245		596.563
12-2022		0.000		27.587		27.534		0.000		0.000		0.000		186.358		1599.603		671.984
12-2023		0.000		26.186		27.288		0.000		0.000		0.000		175.519		1775.121		736.559
12-2024		0.000		24.869		27.057		0.000		0.000		0.000		165.375		1940.497		791.872
12-2025		0.000		23.619		26.838		0.000		0.000		0.000		155.782		2096.279		839.239
12-2026		0.000		22.433		26.630		0.000		0.000		0.000		146.705		2242.984		879.791
12-2027		0.000		21.307		26.432		0.000		0.000		0.000		138.109		2381.093		914.497
S TOT		0.000		600.978		441.872		0.000		0.000		1873.655		2381.093		2381.093		914.497
AFTER		0.000		210.133		362.076		0.000		0.000		0.000		1257.387		3638.481		1095.908
TOTAL		0.000		811.110		803.947		0.000		0.000		1873.655		3638.481		3638.481		1095.908

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES.,  MB & MMF		85.802		31.600
NET REVENUE, M$		7022.909		104.284
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		25.190		25.190

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		1950.889
DISCOUNT %	10.00		10.00		1095.908
UNDISCOUNTED PAYOUT, YRS.	3.31		12.00		866.827
DISCOUNTED PAYOUT, YRS.	4.32		15.00		595.317
UNDISCOUNTED NET/INVEST.	2.94		18.00		384.583
DISCOUNTED NET/INVEST.	1.58		20.00		268.365
RATE-OF-RETURN, PCT.	26.07		30.00		-136.153
INITIAL W.I., PCT.	31.490		60.00		-670.902
			80.00		-841.553
			100.00		-956.362

THOMTE 0508-02TFH	DATE	: 03/18/2013
163N 100W 9	TIME	: 13:54:18
THREE FORKS	DBS	: MHA
SAMSON RESOURCES COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		74.233		63.371		2.346		2.003		81.850		2.867		192.000		5.741		197.741
12-2014		48.405		35.664		1.530		1.127		81.850		3.500		125.199		3.944		129.143
12-2015		36.753		23.162		1.161		0.732		81.850		3.500		95.059		2.562		97.621
12-2016		30.856		16.652		0.975		0.526		81.850		3.500		79.807		1.842		81.648
12-2017		27.123		12.540		0.857		0.396		81.850		3.500		70.153		1.387		71.540
12-2018		24.487		9.700		0.774		0.307		81.850		3.500		63.334		1.073		64.407
12-2019		22.496		7.636		0.711		0.241		81.850		3.500		58.185		0.845		59.030
12-2020		20.924		6.086		0.661		0.192		81.850		3.500		54.119		0.673		54.792
12-2021		19.642		4.896		0.621		0.155		81.850		3.500		50.803		0.541		51.344
12-2022		18.570		3.967		0.587		0.125		81.850		3.500		48.030		0.439		48.468
12-2023		17.632		3.228		0.557		0.102		81.850		3.500		45.605		0.357		45.962
12-2024		16.751		2.628		0.529		0.083		81.850		3.500		43.325		0.291		43.616
12-2025		15.913		2.140		0.503		0.068		81.850		3.500		41.159		0.237		41.395
12-2026		15.117		1.742		0.478		0.055		81.850		3.500		39.101		0.193		39.293
12-2027		14.362		1.418		0.454		0.045		81.850		3.500		37.146		0.157		37.303
S TOT		403.263		194.828		12.743		6.157		81.850		3.294		1043.024		20.280		1063.304
AFTER		141.737		5.885		4.479		0.186		81.850		3.500		366.597		0.651		367.247
TOTAL		545.000		200.713		17.222		6.343		81.850		3.300		1409.621		20.931		1430.552

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		22.300		6.254		0.000		0.000		273.830		-104.643		-104.643		-112.698
12-2014		0.000		14.522		5.373		0.000		0.000		0.000		109.248		4.605		-17.688
12-2015		0.000		11.012		4.763		0.000		0.000		0.000		81.846		86.451		46.942
12-2016		0.000		9.236		4.454		0.000		0.000		0.000		67.959		154.410		95.703
12-2017		0.000		8.111		4.258		0.000		0.000		0.000		59.171		213.581		134.288
12-2018		0.000		7.317		4.120		0.000		0.000		0.000		52.970		266.551		165.684
12-2019		0.000		6.718		4.016		0.000		0.000		0.000		48.296		314.847		191.705
12-2020		0.000		6.245		3.933		0.000		0.000		0.000		44.614		359.461		213.554
12-2021		0.000		5.859		3.866		0.000		0.000		0.000		41.619		401.080		232.083
12-2022		0.000		5.537		3.810		0.000		0.000		0.000		39.121		440.201		247.915
12-2023		0.000		5.256		3.761		0.000		0.000		0.000		36.946		477.147		261.507
12-2024		0.000		4.991		3.715		0.000		0.000		0.000		34.909		512.056		273.183
12-2025		0.000		4.741		3.671		0.000		0.000		0.000		32.984		545.040		283.212
12-2026		0.000		4.503		3.629		0.000		0.000		0.000		31.162		576.202		291.825
12-2027		0.000		4.277		3.589		0.000		0.000		0.000		29.436		605.638		299.222
S TOT		0.000		120.625		63.211		0.000		0.000		273.830		605.638		605.638		299.222
AFTER		0.000		42.179		48.088		0.000		0.000		0.000		276.980		882.619		338.845
TOTAL		0.000		162.804		111.299		0.000		0.000		273.830		882.619		882.619		338.845

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		17.222		6.343
NET REVENUE, M$		1409.621		20.931
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		3.160		3.160

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		520.314
DISCOUNT %	10.00		10.00		338.845
UNDISCOUNTED PAYOUT, YRS.	1.96		12.00		290.557
DISCOUNTED PAYOUT, YRS.	2.27		15.00		233.538
UNDISCOUNTED NET/INVEST.	4.22		18.00		189.453
DISCOUNTED NET/INVEST.	2.24		20.00		165.206
RATE-OF-RETURN, PCT.	49.10		30.00		81.184
INITIAL W.I., PCT.	3.940		60.00		-29.034
			80.00		-64.016
			100.00		-87.502

THOMTE 0508-03TFH	DATE	: 03/18/2013
163N 99W 8	TIME	: 13:54:18
THREE FORKS	DBS	: MHA
SAMSON RESOURCES COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		69.197		59.360		2.187		1.876		81.850		3.500		178.975		6.565		185.541
12-2014		49.986		37.316		1.580		1.179		81.850		3.500		129.286		4.127		133.413
12-2015		37.414		23.886		1.182		0.755		81.850		3.500		96.769		2.642		99.411
12-2016		31.241		17.079		0.987		0.540		81.850		3.500		80.804		1.889		82.693
12-2017		27.384		12.824		0.865		0.405		81.850		3.500		70.827		1.418		72.245
12-2018		24.678		9.902		0.780		0.313		81.850		3.500		63.828		1.095		64.923
12-2019		22.644		7.786		0.716		0.246		81.850		3.500		58.567		0.861		59.428
12-2020		21.043		6.200		0.665		0.196		81.850		3.500		54.426		0.686		55.112
12-2021		19.740		4.984		0.624		0.157		81.850		3.500		51.056		0.551		51.607
12-2022		18.652		4.036		0.589		0.128		81.850		3.500		48.244		0.446		48.690
12-2023		17.708		3.284		0.560		0.104		81.850		3.500		45.800		0.363		46.164
12-2024		16.822		2.673		0.532		0.084		81.850		3.500		43.510		0.296		43.806
12-2025		15.981		2.177		0.505		0.069		81.850		3.500		41.335		0.241		41.576
12-2026		15.182		1.772		0.480		0.056		81.850		3.500		39.268		0.196		39.464
12-2027		14.423		1.443		0.456		0.046		81.850		3.500		37.305		0.160		37.464
S TOT		402.094		194.721		12.706		6.153		81.850		3.500		1040.001		21.536		1061.537
AFTER		142.906		5.992		4.516		0.189		81.850		3.500		369.620		0.663		370.283
TOTAL		545.000		200.713		17.222		6.343		81.850		3.500		1409.620		22.199		1431.819

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		20.789		5.754		0.000		0.000		273.830		-114.832		-114.832		-120.948
12-2014		0.000		14.998		5.456		0.000		0.000		0.000		112.959		-1.872		-22.690
12-2015		0.000		11.211		4.797		0.000		0.000		0.000		83.402		81.530		43.172
12-2016		0.000		9.352		4.474		0.000		0.000		0.000		68.868		150.397		92.586
12-2017		0.000		8.190		4.272		0.000		0.000		0.000		59.784		210.181		131.572
12-2018		0.000		7.375		4.130		0.000		0.000		0.000		53.418		263.599		163.234
12-2019		0.000		6.762		4.023		0.000		0.000		0.000		48.643		312.242		189.441
12-2020		0.000		6.281		3.939		0.000		0.000		0.000		44.892		357.134		211.427
12-2021		0.000		5.889		3.871		0.000		0.000		0.000		41.847		398.981		230.057
12-2022		0.000		5.562		3.814		0.000		0.000		0.000		39.314		438.295		245.968
12-2023		0.000		5.278		3.765		0.000		0.000		0.000		37.120		475.415		259.624
12-2024		0.000		5.013		3.718		0.000		0.000		0.000		35.075		510.490		271.355
12-2025		0.000		4.761		3.674		0.000		0.000		0.000		33.140		543.630		281.432
12-2026		0.000		4.522		3.632		0.000		0.000		0.000		31.310		574.940		290.086
12-2027		0.000		4.295		3.593		0.000		0.000		0.000		29.577		604.517		297.518
S TOT		0.000		120.277		62.913		0.000		0.000		273.830		604.517		604.517		297.518
AFTER		0.000		42.527		48.386		0.000		0.000		0.000		279.370		883.886		337.397
TOTAL		0.000		162.804		111.299		0.000		0.000		273.830		883.886		883.886		337.397

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		17.222		6.343
NET REVENUE, M$		1409.621		22.199
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		3.160		3.160

		P.W. %		P.W., M$
LIFE, YRS.	29.42		5.00		519.452
DISCOUNT %	10.00		10.00		337.397
UNDISCOUNTED PAYOUT, YRS.	2.02		12.00		289.052
DISCOUNTED PAYOUT, YRS.	2.34		15.00		232.051
UNDISCOUNTED NET/INVEST.	4.23		18.00		188.065
DISCOUNTED NET/INVEST.	2.24		20.00		163.917
RATE-OF-RETURN, PCT.	49.38		30.00		80.602
INITIAL W.I., PCT.	3.940		60.00		-26.813
			80.00		-59.888
			100.00		-81.555

THOMTE 0508-04TFH	DATE	: 03/18/2013
163N 100W 9	TIME	: 13:54:18
THREE FORKS	DBS	: MHA
SAMSON RESOURCES COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		74.233		63.371		2.346		2.003		81.850		2.867		192.000		5.741		197.741
12-2014		48.405		35.664		1.530		1.127		81.850		3.500		125.199		3.944		129.143
12-2015		36.753		23.162		1.161		0.732		81.850		3.500		95.059		2.562		97.621
12-2016		30.856		16.652		0.975		0.526		81.850		3.500		79.807		1.842		81.648
12-2017		27.123		12.540		0.857		0.396		81.850		3.500		70.153		1.387		71.540
12-2018		24.487		9.700		0.774		0.307		81.850		3.500		63.334		1.073		64.407
12-2019		22.496		7.636		0.711		0.241		81.850		3.500		58.185		0.845		59.030
12-2020		20.924		6.086		0.661		0.192		81.850		3.500		54.119		0.673		54.792
12-2021		19.642		4.896		0.621		0.155		81.850		3.500		50.803		0.541		51.344
12-2022		18.570		3.967		0.587		0.125		81.850		3.500		48.030		0.439		48.468
12-2023		17.632		3.228		0.557		0.102		81.850		3.500		45.605		0.357		45.962
12-2024		16.751		2.628		0.529		0.083		81.850		3.500		43.325		0.291		43.616
12-2025		15.913		2.140		0.503		0.068		81.850		3.500		41.159		0.237		41.395
12-2026		15.117		1.742		0.478		0.055		81.850		3.500		39.101		0.193		39.293
12-2027		14.362		1.418		0.454		0.045		81.850		3.500		37.146		0.157		37.303
S TOT		403.263		194.828		12.743		6.157		81.850		3.294		1043.024		20.280		1063.304
AFTER		141.737		5.885		4.479		0.186		81.850		3.500		366.597		0.651		367.247
TOTAL		545.000		200.713		17.222		6.343		81.850		3.300		1409.621		20.931		1430.552

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		22.300		6.254		0.000		0.000		273.830		-104.643		-104.643		-112.698
12-2014		0.000		14.522		5.373		0.000		0.000		0.000		109.248		4.605		-17.688
12-2015		0.000		11.012		4.763		0.000		0.000		0.000		81.846		86.451		46.942
12-2016		0.000		9.236		4.454		0.000		0.000		0.000		67.959		154.410		95.703
12-2017		0.000		8.111		4.258		0.000		0.000		0.000		59.171		213.581		134.288
12-2018		0.000		7.317		4.120		0.000		0.000		0.000		52.970		266.551		165.684
12-2019		0.000		6.718		4.016		0.000		0.000		0.000		48.296		314.847		191.705
12-2020		0.000		6.245		3.933		0.000		0.000		0.000		44.614		359.461		213.554
12-2021		0.000		5.859		3.866		0.000		0.000		0.000		41.619		401.080		232.083
12-2022		0.000		5.537		3.810		0.000		0.000		0.000		39.121		440.201		247.915
12-2023		0.000		5.256		3.761		0.000		0.000		0.000		36.946		477.147		261.507
12-2024		0.000		4.991		3.715		0.000		0.000		0.000		34.909		512.056		273.183
12-2025		0.000		4.741		3.671		0.000		0.000		0.000		32.984		545.040		283.212
12-2026		0.000		4.503		3.629		0.000		0.000		0.000		31.162		576.202		291.825
12-2027		0.000		4.277		3.589		0.000		0.000		0.000		29.436		605.638		299.222
S TOT		0.000		120.625		63.211		0.000		0.000		273.830		605.638		605.638		299.222
AFTER		0.000		42.179		48.088		0.000		0.000		0.000		276.980		882.619		338.845
TOTAL		0.000		162.804		111.299		0.000		0.000		273.830		882.619		882.619		338.845

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		17.222		6.343
NET REVENUE, M$		1409.621		20.931
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		3.160		3.160

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		520.314
DISCOUNT %	10.00		10.00		338.845
UNDISCOUNTED PAYOUT, YRS.	1.96		12.00		290.557
DISCOUNTED PAYOUT, YRS.	2.27		15.00		233.538
UNDISCOUNTED NET/INVEST.	4.22		18.00		189.453
DISCOUNTED NET/INVEST.	2.24		20.00		165.206
RATE-OF-RETURN, PCT.	49.10		30.00		81.184
INITIAL W.I., PCT.	3.940		60.00		-29.034
			80.00		-64.016
			100.00		-87.502

TITAN 3625-2TFH	DATE	: 03/18/2013
163N 99W 9	TIME	: 13:54:18
THREE FORKS	DBS	: MHA
SAMSON RESOURCES COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		46.396		39.607		0.403		0.344		81.850		2.867		32.990		0.986		33.977
12-2014		30.253		22.290		0.263		0.194		81.850		3.500		21.512		0.678		22.190
12-2015		22.970		14.476		0.200		0.126		81.850		3.500		16.333		0.440		16.774
12-2016		19.285		10.408		0.168		0.090		81.850		3.500		13.713		0.316		14.029
12-2017		16.952		7.837		0.147		0.068		81.850		3.500		12.054		0.238		12.292
12-2018		15.304		6.062		0.133		0.053		81.850		3.500		10.882		0.184		11.067
12-2019		14.060		4.772		0.122		0.041		81.850		3.500		9.998		0.145		10.143
12-2020		13.078		3.804		0.114		0.033		81.850		3.500		9.299		0.116		9.415
12-2021		12.276		3.060		0.107		0.027		81.850		3.500		8.729		0.093		8.822
12-2022		11.606		2.479		0.101		0.022		81.850		3.500		8.253		0.075		8.328
12-2023		11.020		2.017		0.096		0.018		81.850		3.500		7.836		0.061		7.897
12-2024		10.469		1.642		0.091		0.014		81.850		3.500		7.444		0.050		7.494
12-2025		9.946		1.337		0.086		0.012		81.850		3.500		7.072		0.041		7.113
12-2026		9.448		1.089		0.082		0.009		81.850		3.500		6.718		0.033		6.752
12-2027		8.976		0.886		0.078		0.008		81.850		3.500		6.383		0.027		6.409
S TOT		252.040		121.768		2.190		1.058		81.850		3.294		179.216		3.485		182.701
AFTER		88.580		3.678		0.770		0.032		81.850		3.500		62.986		0.112		63.098
TOTAL		340.620		125.446		2.959		1.090		81.850		3.300		242.203		3.597		245.799

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		3.832		1.323		0.000		0.000		64.670		-35.848		-35.848		-37.219
12-2014		0.000		2.495		1.220		0.000		0.000		0.000		18.475		-17.373		-21.151
12-2015		0.000		1.892		1.115		0.000		0.000		0.000		13.767		-3.606		-10.280
12-2016		0.000		1.587		1.061		0.000		0.000		0.000		11.381		7.774		-2.113
12-2017		0.000		1.394		1.028		0.000		0.000		0.000		9.871		17.646		4.324
12-2018		0.000		1.257		1.004		0.000		0.000		0.000		8.806		26.451		9.543
12-2019		0.000		1.154		0.986		0.000		0.000		0.000		8.003		34.454		13.855
12-2020		0.000		1.073		0.972		0.000		0.000		0.000		7.370		41.824		17.464
12-2021		0.000		1.007		0.960		0.000		0.000		0.000		6.855		48.679		20.516
12-2022		0.000		0.951		0.950		0.000		0.000		0.000		6.426		55.105		23.117
12-2023		0.000		0.903		0.942		0.000		0.000		0.000		6.052		61.158		25.344
12-2024		0.000		0.858		0.934		0.000	��	0.000		0.000		5.703		66.860		27.251
12-2025		0.000		0.815		0.926		0.000		0.000		0.000		5.372		72.232		28.884
12-2026		0.000		0.774		0.919		0.000		0.000		0.000		5.059		77.291		30.283
12-2027		0.000		0.735		0.912		0.000		0.000		0.000		4.762		82.053		31.479
S TOT		0.000		20.726		15.251		0.000		0.000		64.670		82.053		82.053		31.479
AFTER		0.000		7.247		12.497		0.000		0.000		0.000		43.354		125.407		37.735
TOTAL		0.000		27.973		27.749		0.000		0.000		64.670		125.407		125.407		37.735

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES.,  MB & MMF		2.959		1.090
NET REVENUE, M$		242.203		3.597
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.869		0.869

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		67.217
DISCOUNT %	10.00		10.00		37.735
UNDISCOUNTED PAYOUT, YRS.	3.32		12.00		29.835
DISCOUNTED PAYOUT, YRS.	4.33		15.00		20.473
UNDISCOUNTED NET/INVEST.	2.94		18.00		13.206
DISCOUNTED NET/INVEST.	1.58		20.00		9.198
RATE-OF-RETURN, PCT.	26.02		30.00		-4.751
INITIAL W.I., PCT.	1.087		60.00		-23.192
			80.00		-29.077
			100.00		-33.036

TITAN 3625-5TFH	DATE	: 03/18/2013
163N 99W 9	TIME	: 13:54:18
THREE FORKS	DBS	: MHA
SAMSON RESOURCES COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		46.396		39.607		0.403		0.344		81.850		2.867		32.990		0.986		33.977
12-2014		30.253		22.290		0.263		0.194		81.850		3.500		21.512		0.678		22.190
12-2015		22.970		14.476		0.200		0.126		81.850		3.500		16.333		0.440		16.774
12-2016		19.285		10.408		0.168		0.090		81.850		3.500		13.713		0.316		14.029
12-2017		16.952		7.837		0.147		0.068		81.850		3.500		12.054		0.238		12.292
12-2018		15.304		6.062		0.133		0.053		81.850		3.500		10.882		0.184		11.067
12-2019		14.060		4.772		0.122		0.041		81.850		3.500		9.998		0.145		10.143
12-2020		13.078		3.804		0.114		0.033		81.850		3.500		9.299		0.116		9.415
12-2021		12.276		3.060		0.107		0.027		81.850		3.500		8.729		0.093		8.822
12-2022		11.606		2.479		0.101		0.022		81.850		3.500		8.253		0.075		8.328
12-2023		11.020		2.017		0.096		0.018		81.850		3.500		7.836		0.061		7.897
12-2024		10.469		1.642		0.091		0.014		81.850		3.500		7.444		0.050		7.494
12-2025		9.946	��	1.337		0.086		0.012		81.850		3.500		7.072		0.041		7.113
12-2026		9.448		1.089		0.082		0.009		81.850		3.500		6.718		0.033		6.752
12-2027		8.976		0.886		0.078		0.008		81.850		3.500		6.383		0.027		6.409
S TOT		252.040		121.768		2.190		1.058		81.850		3.294		179.216		3.485		182.701
AFTER		88.580		3.678		0.770		0.032		81.850		3.500		62.986		0.112		63.098
TOTAL		340.620		125.446		2.959		1.090		81.850		3.300		242.203		3.597		245.799

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		3.832		1.323		0.000		0.000		64.670		-35.848		-35.848		-37.219
12-2014		0.000		2.495		1.220		0.000		0.000		0.000		18.475		-17.373		-21.151
12-2015		0.000		1.892		1.115		0.000		0.000		0.000		13.767		-3.606		-10.280
12-2016		0.000		1.587		1.061		0.000		0.000		0.000		11.381		7.774		-2.113
12-2017		0.000		1.394		1.028		0.000		0.000		0.000		9.871		17.646		4.324
	��
12-2018		0.000		1.257		1.004		0.000		0.000		0.000		8.806		26.451		9.543
12-2019		0.000		1.154		0.986		0.000		0.000		0.000		8.003		34.454		13.855
12-2020		0.000		1.073		0.972		0.000		0.000		0.000		7.370		41.824		17.464
12-2021		0.000		1.007		0.960		0.000		0.000		0.000		6.855		48.679		20.516
12-2022		0.000		0.951		0.950		0.000		0.000		0.000		6.426		55.105		23.117
12-2023		0.000		0.903		0.942		0.000		0.000		0.000		6.052		61.158		25.344
12-2024		0.000		0.858		0.934		0.000		0.000		0.000		5.703		66.860		27.251
12-2025		0.000		0.815		0.926		0.000		0.000		0.000		5.372		72.232		28.884
12-2026		0.000		0.774		0.919		0.000		0.000		0.000		5.059		77.291		30.283
12-2027		0.000		0.735		0.912		0.000		0.000		0.000		4.762		82.053		31.479
S TOT		0.000		20.726		15.251		0.000		0.000		64.670		82.053		82.053		31.479
AFTER		0.000		7.247		12.497		0.000		0.000		0.000		43.354		125.407		37.735
TOTAL		0.000		27.973		27.749		0.000		0.000		64.670		125.407		125.407		37.735

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES.,  MB & MMF		2.959		1.090
NET REVENUE, M$		242.203		3.597
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		0.869		0.869

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		67.217
DISCOUNT %	10.00		10.00		37.735
UNDISCOUNTED PAYOUT, YRS.	3.32		12.00		29.835
DISCOUNTED PAYOUT, YRS.	4.33		15.00		20.473
UNDISCOUNTED NET/INVEST.	2.94		18.00		13.206
DISCOUNTED NET/INVEST.	1.58		20.00		9.198
RATE-OF-RETURN, PCT.	26.02		30.00		-4.751
INITIAL W.I., PCT.	1.087		60.00		-23.192
			80.00		-29.077
			100.00		-33.036

TORGESON 4-15	DATE	: 03/18/2013
163N 100W 15	TIME	: 13:54:18
THREE FORKS	DBS	: MHA
SM ENERGY COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		52.382		45.610		1.823		1.587		81.850		3.500		149.177		5.554		154.731
12-2014		55.938		43.455		1.946		1.512		81.850		3.500		159.304		5.292		164.596
12-2015		39.638		26.310		1.379		0.915		81.850		3.500		112.884		3.204		116.088
12-2016		32.493		18.465		1.131		0.642		81.850		3.500		92.534		2.249		94.783
12-2017		28.212		13.733		0.982		0.478		81.850		3.500		80.345		1.672		82.017
12-2018		25.278		10.543		0.880		0.367		81.850		3.500		71.989		1.284		73.273
12-2019		23.105		8.257		0.804		0.287		81.850		3.500		65.799		1.005		66.804
12-2020		21.411		6.557		0.745		0.228		81.850		3.500		60.975		0.798		61.774
12-2021		20.043		5.260		0.697		0.183		81.850		3.500		57.079		0.640		57.719
12-2022		18.907		4.252		0.658		0.148		81.850		3.500		53.845		0.518		54.363
12-2023		17.936		3.457		0.624		0.120		81.850		3.500		51.080		0.421		51.501
12-2024		17.040		2.814		0.593		0.098		81.850		3.500		48.526		0.343		48.869
12-2025		16.188		2.291		0.563		0.080		81.850		3.500		46.100		0.279		46.379
12-2026		15.378		1.866		0.535		0.065		81.850		3.500		43.795		0.227		44.022
12-2027		14.609		1.519		0.508		0.053		81.850		3.500		41.605		0.185		41.790
S TOT		398.558		194.388		13.867		6.763		81.850		3.500		1135.038		23.672		1158.710
AFTER		146.442		6.326		5.095		0.220		81.850		3.500		417.048		0.770		417.818
TOTAL		545.000		200.713		18.963		6.984		81.850		3.500		1552.085		24.442		1576.528

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		17.330		4.627		0.000		0.000		304.306		-171.532		-171.532		-170.757
12-2014		0.000		18.486		6.410		0.000		0.000		0.000		139.700		-31.832		-49.145
12-2015		0.000		13.082		5.461		0.000		0.000		0.000		97.545		65.713		27.902
12-2016		0.000		10.712		5.045		0.000		0.000		0.000		79.026		144.739		84.611
12-2017		0.000		9.292		4.795		0.000		0.000		0.000		67.930		212.668		128.911
12-2018		0.000		8.319		4.625		0.000		0.000		0.000		60.329		272.997		164.671
12-2019		0.000		7.598		4.498		0.000		0.000		0.000		54.708		327.705		194.147
12-2020		0.000		7.037		4.399		0.000		0.000		0.000		50.337		378.042		218.800
12-2021		0.000		6.584		4.320		0.000		0.000		0.000		46.815		424.858		239.642
12-2022		0.000		6.208		4.254		0.000		0.000		0.000		43.901		468.759		257.409
12-2023		0.000		5.887		4.197		0.000		0.000		0.000		41.417		510.176		272.647
12-2024		0.000		5.591		4.145		0.000		0.000		0.000		39.133		549.308		285.735
12-2025		0.000		5.310		4.095		0.000		0.000		0.000		36.973		586.282		296.977
12-2026		0.000		5.044		4.048		0.000		0.000		0.000		34.930		621.212		306.632
12-2027		0.000		4.790		4.003		0.000		0.000		0.000		32.996		654.209		314.924
S TOT		0.000		131.273		68.921		0.000		0.000		304.306		654.209		654.209		314.924
AFTER		0.000		47.985		54.765		0.000		0.000		0.000		315.069		969.277		359.618
TOTAL		0.000		179.258		123.686		0.000		0.000		304.306		969.277		969.277		359.618

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		18.963		6.984
NET REVENUE, M$		1552.085		24.442
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		3.479		3.479

		P.W. %		P.W., M$
LIFE, YRS.	29.67		5.00		561.627
DISCOUNT %	10.00		10.00		359.618
UNDISCOUNTED PAYOUT, YRS.	2.33		12.00		306.312
DISCOUNTED PAYOUT, YRS.	2.64		15.00		243.748
UNDISCOUNTED NET/INVEST.	4.19		18.00		195.762
DISCOUNTED NET/INVEST.	2.22		20.00		169.561
RATE-OF-RETURN, PCT.	48.80		30.00		80.372
INITIAL W.I., PCT.	4.379		60.00		-28.744
			80.00		-59.310
			100.00		-77.799

WOLTER 13-9 2HN	DATE	: 03/18/2013
163N 100W 9	TIME	: 13:54:18
THREE FORKS	DBS	: MHA
SM ENERGY COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		12.817		11.461		0.595		0.532		81.850		3.500		48.675		1.861		50.536
12-2014		75.302		62.694		3.494		2.909		81.850		3.500		285.986		10.181		296.168
12-2015		44.461		31.495		2.063		1.461		81.850		3.500		168.856		5.115		173.971
12-2016		34.964		21.196		1.622		0.983		81.850		3.500		132.788		3.442		136.230
12-2017		29.779		15.461		1.382		0.717		81.850		3.500		113.096		2.511		115.607
12-2018		26.385		11.736		1.224		0.545		81.850		3.500		100.206		1.906		102.112
12-2019		23.940		9.124		1.111		0.423		81.850		3.500		90.920		1.482		92.402
12-2020		22.070		7.208		1.024		0.334		81.850		3.500		83.819		1.171		84.989
12-2021		20.580		5.759		0.955		0.267		81.850		3.500		78.160		0.935		79.095
12-2022		19.356		4.642		0.898		0.215		81.850		3.500		73.512		0.754		74.266
12-2023		18.327		3.766		0.850		0.175		81.850		3.500		69.602		0.612		70.214
12-2024		17.408		3.066		0.808		0.142		81.850		3.500		66.111		0.498		66.609
12-2025		16.537		2.496		0.767		0.116		81.850		3.500		62.806		0.405		63.211
12-2026		15.710		2.032		0.729		0.094		81.850		3.500		59.665		0.330		59.995
12-2027		14.925		1.655		0.693		0.077		81.850		3.500		56.682		0.269		56.951
S TOT		392.561		193.792		18.215		8.992		81.850		3.500		1490.885		31.472		1522.357
AFTER		152.439		6.921		7.073		0.321		81.850		3.500		578.938		1.124		580.062
TOTAL		545.000		200.713		25.288		9.313		81.850		3.500		2069.823		32.596		2102.418

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		5.656		1.360		0.000		0.000		410.050		-366.529		-366.529		-342.040
12-2014		0.000		33.208		10.157		0.000		0.000		0.000		252.802		-113.727		-121.285
12-2015		0.000		19.579		7.737		0.000		0.000		0.000		146.655		32.928		-5.390
12-2016		0.000		15.379		6.992		0.000		0.000		0.000		113.860		146.788		76.333
12-2017		0.000		13.085		6.585		0.000		0.000		0.000		95.938		242.725		138.906
12-2018		0.000		11.584		6.318		0.000		0.000		0.000		84.210		326.935		188.825
12-2019		0.000		10.502		6.127		0.000		0.000		0.000		75.773		402.707		229.652
12-2020		0.000		9.676		5.980		0.000		0.000		0.000		69.333		472.041		263.610
12-2021		0.000		9.018		5.863		0.000		0.000		0.000		64.214		536.255		292.199
12-2022		0.000		8.478		5.767		0.000		0.000		0.000		60.022		596.277		316.491
12-2023		0.000		8.023		5.686		0.000		0.000		0.000		56.504		652.781		337.279
12-2024		0.000		7.618		5.614		0.000		0.000		0.000		53.377		706.158		355.132
12-2025		0.000		7.235		5.546		0.000		0.000		0.000		50.430		756.588		370.465
12-2026		0.000		6.872		5.481		0.000		0.000		0.000		47.643		804.231		383.634
12-2027		0.000		6.527		5.419		0.000		0.000		0.000		45.005		849.236		394.943
S TOT		0.000		172.441		90.630		0.000		0.000		410.050		849.236		849.236		394.943
AFTER		0.000		66.613		76.036		0.000		0.000		0.000		437.413		1286.648		456.357
TOTAL		0.000		239.054		166.666		0.000		0.000		410.050		1286.648		1286.648		456.357

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		25.288		9.313
NET REVENUE, M$		2069.823		32.596
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		4.640		4.640

		P.W. %		P.W., M$
LIFE, YRS.	30.08		5.00		728.878
DISCOUNT %	10.00		10.00		456.357
UNDISCOUNTED PAYOUT, YRS.	2.78		12.00		385.232
DISCOUNTED PAYOUT, YRS.	3.07		15.00		302.415
UNDISCOUNTED NET/INVEST.	4.14		18.00		239.550
DISCOUNTED NET/INVEST.	2.20		20.00		205.545
RATE-OF-RETURN, PCT.	48.22		30.00		92.368
INITIAL W.I., PCT.	5.900		60.00		-34.614
			80.00		-64.730
			100.00		-80.316

WOLTER 15-9HNA	DATE	: 03/18/2013
163N 100W 9	TIME	: 13:54:18
THREE FORKS	DBS	: MHA
SM ENERGY COMPANY	SETTINGS	: SETDATA
4PUD	SCENARIO	: MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS  OIL		GROSS  GAS		NET  OIL		NET  GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		31.492		27.851		1.502		1.328		81.850		3.500		122.953		4.650		127.603
12-2014		65.078		52.657		3.104		2.512		81.850		3.500		254.079		8.791		262.870
12-2015		42.324		29.210		2.019		1.393		81.850		3.500		165.243		4.877		170.120
12-2016		33.909		20.031		1.617		0.955		81.850		3.500		132.389		3.344		135.733
12-2017		29.121		14.735		1.389		0.703		81.850		3.500		113.697		2.460		116.157
12-2018		25.925		11.238		1.237		0.536		81.850		3.500		101.217		1.876		103.094
12-2019		23.595		8.764		1.125		0.418		81.850		3.500		92.121		1.463		93.584
12-2020		21.799		6.938		1.040		0.331		81.850		3.500		85.109		1.158		86.268
12-2021		20.360		5.553		0.971		0.265		81.850		3.500		79.490		0.927		80.417
12-2022		19.173		4.481		0.915		0.214		81.850		3.500		74.856		0.748		75.604
12-2023		18.169		3.639		0.867		0.174		81.850		3.500		70.936		0.608		71.543
12-2024		17.259		2.963		0.823		0.141		81.850		3.500		67.385		0.495		67.880
12-2025		16.396		2.412		0.782		0.115		81.850		3.500		64.016		0.403		64.418
12-2026		15.577		1.964		0.743		0.094		81.850		3.500		60.815		0.328		61.143
12-2027		14.798		1.599		0.706		0.076		81.850		3.500		57.774		0.267		58.041
S TOT		394.975		194.037		18.840		9.256		81.850		3.500		1542.080		32.394		1574.474
AFTER		150.025		6.677		7.156		0.318		81.850		3.500		585.733		1.115		586.848
TOTAL		545.000		200.713		25.997		9.574		81.850		3.500		2127.813		33.509		2161.323

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		14.286		3.569		0.000		0.000		414.220		-304.472		-304.472		-290.741
12-2014		0.000		29.495		9.450		0.000		0.000		0.000		223.925		-80.547		-95.546
12-2015		0.000		19.156		7.646		0.000		0.000		0.000		143.318		62.770		17.687
12-2016		0.000		15.330		6.979		0.000		0.000		0.000		113.424		176.194		99.089
12-2017		0.000		13.153		6.600		0.000		0.000		0.000		96.405		272.599		161.964
12-2018		0.000		11.699		6.346		0.000		0.000		0.000		85.048		357.648		212.378
12-2019		0.000		10.640		6.162		0.000		0.000		0.000		76.783		434.430		253.749
12-2020		0.000		9.824		6.019		0.000		0.000		0.000		70.424		504.855		288.240
12-2021		0.000		9.171		5.905		0.000		0.000		0.000		65.342		570.196		317.331
12-2022		0.000		8.632		5.811		0.000		0.000		0.000		61.161		631.357		342.084
12-2023		0.000		8.177		5.731		0.000		0.000		0.000		57.635		688.993		363.288
12-2024		0.000		7.765		5.659		0.000		0.000		0.000		54.455		743.448		381.501
12-2025		0.000		7.374		5.591		0.000		0.000		0.000		51.453		794.901		397.145
12-2026		0.000		7.004		5.526		0.000		0.000		0.000		48.613		843.514		410.583
12-2027		0.000		6.652		5.464		0.000		0.000		0.000		45.925		889.439		422.123
S TOT		0.000		178.357		92.459		0.000		0.000		414.220		889.439		889.439		422.123
AFTER		0.000		67.394		75.903		0.000		0.000		0.000		443.551		1332.990		484.642
TOTAL		0.000		245.752		168.361		0.000		0.000		414.220		1332.990		1332.990		484.642

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES.,  MB & MMF		25.997		9.574
NET REVENUE, M$		2127.813		33.509
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		4.770		4.770

		P.W. %		P.W., M$
LIFE, YRS.	29.92		5.00		764.166
DISCOUNT %	10.00		10.00		484.642
UNDISCOUNTED PAYOUT, YRS.	2.56		12.00		411.355
DISCOUNTED PAYOUT, YRS.	2.84		15.00		325.737
UNDISCOUNTED NET/INVEST.	4.22		18.00		260.461
DISCOUNTED NET/INVEST.	2.24		20.00		225.013
RATE-OF-RETURN, PCT.	49.29		30.00		105.908
INITIAL W.I., PCT.	5.960		60.00		-32.691
			80.00		-68.023
			100.00		-87.651

WOLTER 16-9HN	DATE	:	03/18/2013
163N 100W 9	TIME	:	13:54:18
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
4PUD	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		12.817		11.461		0.611		0.547		81.850		3.500		50.039		1.913		51.952
12-2014		75.302		62.694		3.592		2.990		81.850		3.500		293.999		10.467		304.465
12-2015		44.461		31.495		2.121		1.502		81.850		3.500		173.587		5.258		178.845
12-2016		34.964		21.196		1.668		1.011		81.850		3.500		136.509		3.539		140.047
12-2017		29.779		15.461		1.420		0.738		81.850		3.500		116.265		2.581		118.846
12-2018		26.385		11.736		1.259		0.560		81.850		3.500		103.013		1.959		104.972
12-2019		23.940		9.124		1.142		0.435		81.850		3.500		93.467		1.523		94.990
12-2020		22.070		7.208		1.053		0.344		81.850		3.500		86.167		1.203		87.370
12-2021		20.580		5.759		0.982		0.275		81.850		3.500		80.350		0.962		81.311
12-2022		19.356		4.642		0.923		0.221		81.850		3.500		75.572		0.775		76.347
12-2023		18.327		3.766		0.874		0.180		81.850		3.500		71.552		0.629		72.181
12-2024		17.408		3.066		0.830		0.146		81.850		3.500		67.964		0.512		68.475
12-2025		16.537		2.496		0.789		0.119		81.850		3.500		64.565		0.417		64.982
12-2026		15.710		2.032		0.749		0.097		81.850		3.500		61.337		0.339		61.676
12-2027		14.925		1.655		0.712		0.079		81.850		3.500		58.270		0.276		58.547
S TOT		392.561		193.792		18.725		9.244		81.850		3.500		1532.656		32.354		1565.009
AFTER		152.439		6.921		7.271		0.330		81.850		3.500		595.158		1.155		596.313
TOTAL		545.000		200.713		25.997		9.574		81.850		3.500		2127.813		33.509		2161.323

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		5.815		1.374		0.000		0.000		414.220		-369.456		-369.456		-344.787
12-2014		0.000		34.139		10.260		0.000		0.000		0.000		260.066		-109.390		-117.690
12-2015		0.000		20.128		7.816		0.000		0.000		0.000		150.902		41.512		1.562
12-2016		0.000		15.810		7.063		0.000		0.000		0.000		117.175		158.687		85.664
12-2017		0.000		13.452		6.652		0.000		0.000		0.000		98.743		257.430		150.066
12-2018		0.000		11.908		6.383		0.000		0.000		0.000		86.682		344.112		201.450
12-2019		0.000		10.797		6.189		0.000		0.000		0.000		78.005		422.117		243.481
12-2020		0.000		9.947		6.041		0.000		0.000		0.000		71.383		493.499		278.442
12-2021		0.000		9.270		5.923		0.000		0.000		0.000		66.118		559.617		307.879
12-2022		0.000		8.715		5.826		0.000		0.000		0.000		61.806		621.424		332.893
12-2023		0.000		8.248		5.744		0.000		0.000		0.000		58.189		679.613		354.301
12-2024		0.000		7.832		5.671		0.000		0.000		0.000		54.972		734.585		372.687
12-2025		0.000		7.438		5.602		0.000		0.000		0.000		51.942		786.527		388.480
12-2026		0.000		7.064		5.537		0.000		0.000		0.000		49.075		835.603		402.045
12-2027		0.000		6.710		5.474		0.000		0.000		0.000		46.362		881.965		413.695
S TOT		0.000		177.272		91.552		0.000		0.000		414.220		881.965		881.965		413.695
AFTER		0.000		68.479		76.809		0.000		0.000		0.000		451.025		1332.990		477.004
TOTAL		0.000		245.752		168.361		0.000		0.000		414.220		1332.990		1332.990		477.004

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		25.997		9.574
NET REVENUE, M$		2127.813		33.509
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		4.770		4.770

		P.W. %		P.W., M$
LIFE, YRS.	30.08		5.00		757.978
DISCOUNT %	10.00		10.00		477.004
UNDISCOUNTED PAYOUT, YRS.	2.72		12.00		403.658
DISCOUNTED PAYOUT, YRS.	2.99		15.00		318.237
UNDISCOUNTED NET/INVEST.	4.22		18.00		253.374
DISCOUNTED NET/INVEST.	2.24		20.00		218.279
RATE-OF-RETURN, PCT.	49.31		30.00		101.377
INITIAL W.I., PCT.	5.960		60.00		-30.228
			80.00		-61.675
			100.00		-78.088

1-1S-163-101	DATE	:	03/18/2013
163N 101W 9	TIME	:	13:54:18
BAKKEN	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		21.407		21.407		6.101		6.101		81.850		3.500		499.356		21.353		520.709
12-2014		43.225		43.225		12.319		12.319		81.850		3.500		1008.324		43.117		1051.441
12-2015		23.952		23.952		6.826		6.826		81.850		3.500		558.735		23.892		582.627
12-2016		17.154		17.154		4.889		4.889		81.850		3.500		400.147		17.111		417.258
12-2017		13.549		13.549		3.862		3.862		81.850		3.500		316.070		13.516		329.586
12-2018		11.285		11.285		3.216		3.216		81.850		3.500		263.245		11.257		274.502
12-2019		9.718		9.718		2.770		2.770		81.850		3.500		226.694		9.694		236.388
12-2020		8.564		8.564		2.441		2.441		81.850		3.500		199.765		8.542		208.307
12-2021		7.675		7.675		2.187		2.187		81.850		3.500		179.026		7.655		186.682
12-2022		6.967		6.967		1.986		1.986		81.850		3.500		162.520		6.950		169.469
12-2023		6.389		6.389		1.821		1.821		81.850		3.500		149.042		6.373		155.416
12-2024		5.908		5.908		1.684		1.684		81.850		3.500		137.812		5.893		143.705
12-2025		5.500		5.500		1.567		1.567		81.850		3.500		128.296		5.486		133.782
12-2026		5.149		5.149		1.468		1.468		81.850		3.500		120.121		5.137		125.258
12-2027		4.845		4.845		1.381		1.381		81.850		3.500		113.016		4.833		117.848
S TOT		191.286		191.286		54.516		54.516		81.850		3.500		4462.168		190.807		4652.976
AFTER		67.708		67.708		19.297		19.297		81.850		3.500		1579.434		67.538		1646.973
TOTAL		258.993		258.993		73.813		73.813		81.850		3.500		6041.603		258.346		6299.949

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		58.097		16.553		0.000		0.000		2475.590		-2029.530		-2029.530		-1930.985
12-2014		0.000		117.312		46.124		0.000		0.000		0.000		888.004		-1141.526		-1155.843
12-2015		0.000		65.005		36.994		0.000		0.000		0.000		480.628		-660.898		-775.695
12-2016		0.000		46.555		33.773		0.000		0.000		0.000		336.930		-323.968		-533.688
12-2017		0.000		36.773		32.065		0.000		0.000		0.000		260.748		-63.220		-363.518
12-2018		0.000		30.627		30.993		0.000		0.000		0.000		212.882		149.662		-237.257
12-2019		0.000		26.374		30.250		0.000		0.000		0.000		179.763		329.425		-140.352
12-2020		0.000		23.241		29.703		0.000		0.000		0.000		155.362		484.787		-64.227
12-2021		0.000		20.829		29.282		0.000		0.000		0.000		136.571		621.358		-3.399
12-2022		0.000		18.908		28.947		0.000		0.000		0.000		121.614		742.972		45.838
12-2023		0.000		17.340		28.673		0.000		0.000		0.000		109.402		852.375		86.102
12-2024		0.000		16.034		28.445		0.000		0.000		0.000		99.226		951.600		119.298
12-2025		0.000		14.926		28.252		0.000		0.000		0.000		90.604		1042.204		146.853
12-2026		0.000		13.975		28.086		0.000		0.000		0.000		83.196		1125.400		169.855
12-2027		0.000		13.149		27.942		0.000		0.000		0.000		76.758		1202.158		189.146
S TOT		0.000		519.146		456.082		0.000		0.000		2475.590		1202.158		1202.158		189.146
AFTER		0.000		183.758		707.431		0.000		0.000		0.000		755.784		1957.942		288.360
TOTAL		0.000		702.904		1163.513		0.000		0.000		2475.590		1957.942		1957.942		288.360

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		258.993		258.993
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		258.993		258.993
NET RES., MB & MMF		73.813		73.813
NET REVENUE, M$		6041.602		258.346
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		28.500		28.500

		P.W. %		P.W., M$
LIFE, YRS.	41.33		5.00		850.024
DISCOUNT %	10.00		10.00		288.360
UNDISCOUNTED PAYOUT, YRS.	5.30		12.00		136.085
DISCOUNTED PAYOUT, YRS.	9.07		15.00		-45.658
UNDISCOUNTED NET/INVEST.	1.79		18.00		-187.425
DISCOUNTED NET/INVEST.	1.12		20.00		-265.646
RATE-OF-RETURN, PCT.	14.25		30.00		-534.112
INITIAL W.I., PCT.	35.620		60.00		-841.372
			80.00		-905.982
			100.00		-931.272

13-31-164-101	DATE	:	03/18/2013
164N 101W 6	TIME	:	13:54:18
BAKKEN	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000

END	AD VALOREM	PRODUCTION	DIRECT OPER	INTEREST	CAPITAL	EQUITY	FUTURE NET	CUMULATIVE	CUM. DISC.
MO-YEAR	TAX	TAX	EXPENSE	PAID	REPAYMENT	INVESTMENT	CASHFLOW	CASHFLOW	CASHFLOW
	M$	M$	M$	M$	M$	M$	M$	M$	@ 10% M$
12-2013
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
AFTER	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
TOTAL	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		0.000		0.000
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		0.000		0.000
NET RES., MB & MMF		0.000		0.000
NET REVENUE, M$		0.000		0.000
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		0.000		0.000

		P.W. %		P.W., M$
LIFE, YRS.	0.00		5.00		0.000
DISCOUNT %	10.00		10.00		0.000
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		0.000
DISCOUNTED PAYOUT, YRS.	0.00		15.00		0.000
UNDISCOUNTED NET/INVEST.	0.00		18.00		0.000
DISCOUNTED NET/INVEST.	0.00		20.00		0.000
RATE-OF-RETURN, PCT.	0.00		30.00		0.000
INITIAL W.I., PCT.	0.000		60.00		0.000
			80.00		0.000
			100.00		0.000

13-32W-164-101	DATE	:	03/18/2013
164N 101W 9	TIME	:	13:54:18
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		52.293		44.216		14.433		12.204		81.850		3.500		1181.341		42.712		1224.053
12-2015		28.539		20.483		7.877		5.653		81.850		3.500		644.721		19.786		664.508
12-2016		22.207		13.637		6.129		3.764		81.850		3.500		501.662		13.173		514.835
12-2017		18.828		9.903		5.197		2.733		81.850		3.500		425.342		9.566		434.908
12-2018		16.640		7.498		4.593		2.069		81.850		3.500		375.911		7.243		383.154
12-2019		15.074		5.819		4.160		1.606		81.850		3.500		340.526		5.621		346.148
12-2020		13.881		4.592		3.831		1.267		81.850		3.500		313.577		4.436		318.013
12-2021		12.933		3.666		3.570		1.012		81.850		3.500		292.165		3.542		295.706
12-2022		12.156		2.953		3.355		0.815		81.850		3.500		274.619		2.853		277.471
12-2023		11.504		2.395		3.175		0.661		81.850		3.500		259.890		2.314		262.203
12-2024		10.926		1.949		3.016		0.538		81.850		3.500		246.833		1.883		248.716
12-2025		10.380		1.587		2.865		0.438		81.850		3.500		234.491		1.533		236.025
12-2026		9.861		1.292		2.722		0.357		81.850		3.500		222.767		1.248		224.015
12-2027		9.368		1.052		2.586		0.290		81.850		3.500		211.628		1.016		212.645
S TOT		244.592		121.042		67.507		33.408		81.850		3.500		5525.475		116.927		5642.400
AFTER		96.028		4.404		26.504		1.215		81.850		3.500		2169.337		4.254		2173.591
TOTAL		340.620		125.446		94.011		34.623		81.850		3.500		7694.812		121.181		7815.992

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		2052.750		-2052.750		-2052.750		-1896.017
12-2014		0.000		137.197		48.835		0.000		0.000		0.000		1038.022		-1014.728		-988.049
12-2015		0.000		74.765		37.935		0.000		0.000		0.000		551.807		-462.921		-551.900
12-2016		0.000		58.105		35.030		0.000		0.000		0.000		421.701		-41.220		-249.199
12-2017		0.000		49.215		33.479		0.000		0.000		0.000		352.214		310.994		-19.464
12-2018		0.000		43.457		32.475		0.000		0.000		0.000		307.221		618.215		162.662
12-2019		0.000		39.337		31.757		0.000		0.000		0.000		275.054		893.269		310.870
12-2020		0.000		36.201		31.209		0.000		0.000		0.000		250.603		1143.872		433.614
12-2021		0.000		33.710		30.774		0.000		0.000		0.000		231.222		1375.094		536.561
12-2022		0.000		31.671		30.418		0.000		0.000		0.000		215.383		1590.477		623.732
12-2023		0.000		29.960		30.119		0.000		0.000		0.000		202.124		1792.601		698.096
12-2024		0.000		28.445		29.854		0.000		0.000		0.000		190.418		1983.019		761.784
12-2025		0.000		27.015		29.603		0.000		0.000		0.000		179.407		2162.426		816.335
12-2026		0.000		25.657		29.365		0.000		0.000		0.000		168.993		2331.419		863.048
12-2027		0.000		24.369		29.139		0.000		0.000		0.000		159.137		2490.556		903.037
S TOT		0.000		639.104		459.991		0.000		0.000		2052.750		2490.556		2490.556		903.037
AFTER		0.000		249.607		420.803		0.000		0.000		0.000		1503.181		3993.737		1115.515
TOTAL		0.000		888.712		880.794		0.000		0.000		2052.750		3993.737		3993.737		1115.515

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		94.011		34.623
NET REVENUE, M$		7694.812		121.181
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		27.600		27.600

		P.W. %		P.W., M$
LIFE, YRS.	30.17		5.00		2059.141
DISCOUNT %	10.00		10.00		1115.515
UNDISCOUNTED PAYOUT, YRS.	4.12		12.00		870.486
DISCOUNTED PAYOUT, YRS.	5.11		15.00		586.704
UNDISCOUNTED NET/INVEST.	2.95		18.00		373.067
DISCOUNTED NET/INVEST.	1.59		20.00		258.470
RATE-OF-RETURN, PCT.	26.28		30.00		-114.478
INITIAL W.I., PCT.	34.500		60.00		-492.512
			80.00		-561.129
			100.00		-584.636

15-31N-164-101	DATE	:	03/18/2013
164N 101W 9	TIME	:	13:54:18
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		8.010		7.163		2.884		2.579		81.850		3.500		236.033		9.026		245.058
12-2014		47.064		39.184		16.943		14.106		81.850		3.500		1386.786		49.371		1436.158
12-2015		27.788		19.685		10.004		7.086		81.850		3.500		818.806		24.803		843.609
12-2016		21.853		13.247		7.867		4.769		81.850		3.500		643.909		16.692		660.601
12-2017		18.612		9.663		6.700		3.479		81.850		3.500		548.420		12.176		560.596
12-2018		16.491		7.335		5.937		2.641		81.850		3.500		485.911		9.242		495.153
12-2019		14.962		5.702		5.386		2.053		81.850		3.500		440.883		7.185		448.068
12-2020		13.794		4.505		4.966		1.622		81.850		3.500		406.448		5.676		412.124
12-2021		12.863		3.600		4.631		1.296		81.850		3.500		379.008		4.536		383.543
12-2022		12.098		2.901		4.355		1.044		81.850		3.500		356.472		3.656		360.128
12-2023		11.454		2.354		4.124		0.847		81.850		3.500		337.512		2.966		340.478
12-2024		10.880		1.916		3.917		0.690		81.850		3.500		320.583		2.415		322.997
12-2025		10.336		1.560		3.721		0.562		81.850		3.500		304.554		1.966		306.520
12-2026		9.819		1.270		3.535		0.457		81.850		3.500		289.326		1.601		290.927
12-2027		9.328		1.034		3.358		0.372		81.850		3.500		274.860		1.303		276.163
S TOT		245.351		121.120		88.326		43.603		81.850		3.500		7229.511		152.612		7382.123
AFTER		95.269		4.326		34.297		1.557		81.850		3.500		2807.199		5.450		2812.650
TOTAL		340.620		125.446		122.623		45.161		81.850		3.500		10036.710		158.062		10194.772

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		27.427		7.494		0.000		0.000		2677.500		-2467.363		-2467.363		-2300.992
12-2014		0.000		161.032		60.568		0.000		0.000		0.000		1214.558		-1252.805		-1240.330
12-2015		0.000		94.942		49.031		0.000		0.000		0.000		699.635		-553.170		-687.412
12-2016		0.000		74.574		45.479		0.000		0.000		0.000		540.548		-12.622		-299.421
12-2017		0.000		63.451		43.539		0.000		0.000		0.000		453.606		440.984		-3.559
12-2018		0.000		56.170		42.270		0.000		0.000		0.000		396.713		837.697		231.615
12-2019		0.000		50.927		41.355		0.000		0.000		0.000		355.786		1193.483		423.322
12-2020		0.000		46.920		40.656		0.000		0.000		0.000		324.549		1518.031		582.283
12-2021		0.000		43.728		40.098		0.000		0.000		0.000		299.717		1817.748		715.724
12-2022		0.000		41.109		39.641		0.000		0.000		0.000		279.378		2097.126		828.795
12-2023		0.000		38.907		39.255		0.000		0.000		0.000		262.315		2359.441		925.305
12-2024		0.000		36.943		38.912		0.000		0.000		0.000		247.143		2606.584		1007.965
12-2025		0.000		35.085		38.586		0.000		0.000		0.000		232.848		2839.433		1078.765
12-2026		0.000		33.323		38.277		0.000		0.000		0.000		219.327		3058.760		1139.391
12-2027		0.000		31.650		37.983		0.000		0.000		0.000		206.530		3265.290		1191.290
S TOT		0.000		836.190		603.143		0.000		0.000		2677.500		3265.290		3265.290		1191.290
AFTER		0.000		322.999		545.719		0.000		0.000		0.000		1943.932		5209.222		1466.621
TOTAL		0.000		1159.189		1148.861		0.000		0.000		2677.500		5209.222		5209.222		1466.621

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		122.623		45.161
NET REVENUE, M$		10036.711		158.062
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		36.000		36.000

		P.W. %		P.W., M$
LIFE, YRS.	30.08		5.00		2696.778
DISCOUNT %	10.00		10.00		1466.622
UNDISCOUNTED PAYOUT, YRS.	4.03		12.00		1146.191
DISCOUNTED PAYOUT, YRS.	5.02		15.00		774.231
UNDISCOUNTED NET/INVEST.	2.95		18.00		493.367
DISCOUNTED NET/INVEST.	1.59		20.00		342.295
RATE-OF-RETURN, PCT.	26.28		30.00		-152.620
INITIAL W.I., PCT.	45.000		60.00		-668.067
			80.00		-768.650
			100.00		-807.914

16-32-164-101	DATE	:	03/18/2013
164N 101W 16	TIME	:	13:54:18
BAKKEN	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		0.000		0.000
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		0.000		0.000
NET RES., MB & MMF		0.000		0.000
NET REVENUE, M$		0.000		0.000
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		0.000		0.000

		P.W. %		P.W., M$
LIFE, YRS.	0.00		5.00		0.000
DISCOUNT %	10.00		10.00		0.000
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		0.000
DISCOUNTED PAYOUT, YRS.	0.00		15.00		0.000
UNDISCOUNTED NET/INVEST.	0.00		18.00		0.000
DISCOUNTED NET/INVEST.	0.00		20.00		0.000
RATE-OF-RETURN, PCT.	0.00		30.00		0.000
INITIAL W.I., PCT.	0.000		60.00		0.000
			80.00		0.000
			100.00		0.000

2-3BK-163-101	DATE	:	03/18/2013
163N 101W 1	TIME	:	13:54:18
BAKKEN	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		21.407		21.407		3.461		3.461		81.850		3.500		283.319		12.115		295.434
12-2014		43.225		43.225		6.990		6.990		81.850		3.500		572.091		24.463		596.554
12-2015		23.952		23.952		3.873		3.873		81.850		3.500		317.009		13.556		330.564
12-2016		17.154		17.154		2.774		2.774		81.850		3.500		227.031		9.708		236.739
12-2017		13.549		13.549		2.191		2.191		81.850		3.500		179.328		7.668		186.997
12-2018		11.285		11.285		1.825		1.825		81.850		3.500		149.357		6.387		155.744
12-2019		9.718		9.718		1.571		1.571		81.850		3.500		128.619		5.500		134.119
12-2020		8.564		8.564		1.385		1.385		81.850		3.500		113.340		4.847		118.187
12-2021		7.675		7.675		1.241		1.241		81.850		3.500		101.574		4.343		105.917
12-2022		6.967		6.967		1.127		1.127		81.850		3.500		92.209		3.943		96.152
12-2023		6.389		6.389		1.033		1.033		81.850		3.500		84.562		3.616		88.178
12-2024		5.908		5.908		0.955		0.955		81.850		3.500		78.190		3.343		81.533
12-2025		5.500		5.500		0.889		0.889		81.850		3.500		72.791		3.113		75.904
12-2026		5.149		5.149		0.833		0.833		81.850		3.500		68.153		2.914		71.067
12-2027		4.845		4.845		0.783		0.783		81.850		3.500		64.121		2.742		66.863
S TOT		191.286		191.286		30.931		30.931		81.850		3.500		2531.694		108.258		2639.952
AFTER		67.708		67.708		10.948		10.948		81.850		3.500		896.121		38.319		934.440
TOTAL		258.993		258.993		41.879		41.879		81.850		3.500		3427.815		146.577		3574.393

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		32.962		9.392		0.000		0.000		1404.595		-1151.515		-1151.515		-1095.603
12-2014		0.000		66.559		26.170		0.000		0.000		0.000		503.825		-647.690		-655.811
12-2015		0.000		36.882		20.989		0.000		0.000		0.000		272.693		-374.997		-440.128
12-2016		0.000		26.414		19.162		0.000		0.000		0.000		191.163		-183.834		-302.821
12-2017		0.000		20.864		18.193		0.000		0.000		0.000		147.940		-35.894		-206.272
12-2018		0.000		17.377		17.584		0.000		0.000		0.000		120.782		84.888		-134.636
12-2019		0.000		14.964		17.163		0.000		0.000		0.000		101.991		186.880		-79.655
12-2020		0.000		13.186		16.853		0.000		0.000		0.000		88.147		275.027		-36.464
12-2021		0.000		11.817		16.614		0.000		0.000		0.000		77.486		352.513		-1.953
12-2022		0.000		10.728		16.424		0.000		0.000		0.000		69.000		421.513		25.983
12-2023		0.000		9.838		16.269		0.000		0.000		0.000		62.071		483.584		48.827
12-2024		0.000		9.097		16.139		0.000		0.000		0.000		56.297		539.881		67.662
12-2025		0.000		8.469		16.030		0.000		0.000		0.000		51.405		591.286		83.295
12-2026		0.000		7.929		15.935		0.000		0.000		0.000		47.203		638.489		96.346
12-2027		0.000		7.460		15.853		0.000		0.000		0.000		43.550		682.039		107.291
S TOT		0.000		294.547		258.771		0.000		0.000		1404.595		682.039		682.039		107.291
AFTER		0.000		104.258		401.381		0.000		0.000		0.000		428.801		1110.840		163.581
TOTAL		0.000		398.805		660.152		0.000		0.000		1404.595		1110.840		1110.840		163.581

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		258.993		258.993
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		258.993		258.993
NET RES., MB & MMF		41.879		41.879
NET REVENUE, M$		3427.814		146.577
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		16.170		16.170

		P.W. %		P.W., M$
LIFE, YRS.	41.33		5.00		482.249
DISCOUNT %	10.00		10.00		163.581
UNDISCOUNTED PAYOUT, YRS.	5.30		12.00		77.186
DISCOUNTED PAYOUT, YRS.	9.07		15.00		-25.929
UNDISCOUNTED NET/INVEST.	1.79		18.00		-106.362
DISCOUNTED NET/INVEST.	1.12		20.00		-150.742
RATE-OF-RETURN, PCT.	14.25		30.00		-303.060
INITIAL W.I., PCT.	20.210		60.00		-477.386
			80.00		-514.042
			100.00		-528.390

2-3NBK-163-101	DATE	:	03/18/2013
163N 101W 1	TIME	:	13:54:18
BAKKEN	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		0.000		0.000
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		0.000		0.000
NET RES., MB & MMF		0.000		0.000
NET REVENUE, M$		0.000		0.000
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		0.000		0.000

		P.W. %		P.W., M$
LIFE, YRS.	0.00		5.00		0.000
DISCOUNT %	10.00		10.00		0.000
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		0.000
DISCOUNTED PAYOUT, YRS.	0.00		15.00		0.000
UNDISCOUNTED NET/INVEST.	0.00		18.00		0.000
DISCOUNTED NET/INVEST.	0.00		20.00		0.000
RATE-OF-RETURN, PCT.	0.00		30.00		0.000
INITIAL W.I., PCT.	0.000		60.00		0.000
			80.00		0.000
			100.00		0.000

3-1N-163-102	DATE	:	03/18/2013
163N 102W 9	TIME	:	13:54:19
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		49.405		41.973		9.683		8.227		81.850		3.500		792.586		28.794		821.380
12-2015		29.357		21.348		5.754		4.184		81.850		3.500		470.970		14.644		485.614
12-2016		22.579		14.046		4.425		2.753		81.850		3.500		362.221		9.636		371.857
12-2017		19.052		10.150		3.734		1.989		81.850		3.500		305.650		6.963		312.613
12-2018		16.794		7.665		3.292		1.502		81.850		3.500		269.419		5.258		274.677
12-2019		15.188		5.939		2.977		1.164		81.850		3.500		243.651		4.074		247.725
12-2020		13.970		4.681		2.738		0.917		81.850		3.500		224.109		3.211		227.320
12-2021		13.005		3.734		2.549		0.732		81.850		3.500		208.629		2.562		211.191
12-2022		12.216		3.006		2.394		0.589		81.850		3.500		195.973		2.062		198.035
12-2023		11.555		2.437		2.265		0.478		81.850		3.500		185.371		1.672		187.042
12-2024		10.973		1.983		2.151		0.389		81.850		3.500		176.038		1.360		177.398
12-2025		10.425		1.615		2.043		0.316		81.850		3.500		167.236		1.108		168.344
12-2026		9.903		1.315		1.941		0.258		81.850		3.500		158.874		0.902		159.776
12-2027		9.408		1.070		1.844		0.210		81.850		3.500		150.931		0.734		151.665
S TOT		243.829		120.962		47.791		23.709		81.850		3.500		3911.656		82.980		3994.637
AFTER		96.791		4.484		18.971		0.879		81.850		3.500		1552.775		3.076		1555.851
TOTAL		340.620		125.446		66.762		24.587		81.850		3.500		5464.432		86.056		5550.488

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		1457.750		-1457.750		-1457.750		-1335.795
12-2014		0.000		92.052		32.269		0.000		0.000		0.000		697.059		-760.691		-729.106
12-2015		0.000		54.622		27.206		0.000		0.000		0.000		403.786		-356.905		-409.905
12-2016		0.000		41.958		24.997		0.000		0.000		0.000		304.902		-52.004		-191.032
12-2017		0.000		35.369		23.848		0.000		0.000		0.000		253.396		201.392		-25.747
12-2018		0.000		31.148		23.112		0.000		0.000		0.000		220.416		421.808		104.922
12-2019		0.000		28.148		22.589		0.000		0.000		0.000		196.988		618.797		211.067
12-2020		0.000		25.873		22.192		0.000		0.000		0.000		179.255		798.051		298.865
12-2021		0.000		24.073		21.878		0.000		0.000		0.000		165.240		963.292		372.435
12-2022		0.000		22.602		21.621		0.000		0.000		0.000		153.813		1117.104		434.688
12-2023		0.000		21.370		21.405		0.000		0.000		0.000		144.267		1261.371		487.766
12-2024		0.000		20.287		21.216		0.000		0.000		0.000		135.896		1397.267		533.218
12-2025		0.000		19.267		21.037		0.000		0.000		0.000		128.040		1525.307		572.150
12-2026		0.000		18.299		20.867		0.000		0.000		0.000		120.610		1645.917		605.489
12-2027		0.000		17.380		20.706		0.000		0.000		0.000		113.579		1759.496		634.030
S TOT		0.000		452.448		324.942		0.000		0.000		1457.750		1759.496		1759.496		634.030
AFTER		0.000		178.666		300.549		0.000		0.000		0.000		1076.636		2836.132		785.910
TOTAL		0.000		631.114		625.491		0.000		0.000		1457.750		2836.132		2836.132		785.910

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		66.762		24.587
NET REVENUE, M$		5464.432		86.056
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		19.600		19.600

		P.W. %		P.W., M$
LIFE, YRS.	30.25		5.00		1456.355
DISCOUNT %	10.00		10.00		785.910
UNDISCOUNTED PAYOUT, YRS.	4.21		12.00		612.361
DISCOUNTED PAYOUT, YRS.	5.20		15.00		411.821
UNDISCOUNTED NET/INVEST.	2.95		18.00		261.303
DISCOUNTED NET/INVEST.	1.59		20.00		180.783
RATE-OF-RETURN, PCT.	26.28		30.00		-79.538
INITIAL W.I., PCT.	24.500		60.00		-336.321
			80.00		-379.435
			100.00		-391.875

3-6-163-102	DATE	:	03/18/2013
163N 102W 9	TIME	:	13:54:19
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		69.197		59.360		11.072		9.498		81.850		3.500		906.205		33.241		939.446
12-2015		49.986		37.316		7.998		5.971		81.850		3.500		654.612		20.897		675.509
12-2016		37.414		23.886		5.986		3.822		81.850		3.500		489.969		13.376		503.345
12-2017		31.241		17.079		4.999		2.733		81.850		3.500		409.136		9.564		418.701
12-2018		27.384		12.824		4.381		2.052		81.850		3.500		358.616		7.182		365.798
12-2019		24.678		9.902		3.948		1.584		81.850		3.500		323.178		5.545		328.724
12-2020		22.644		7.786		3.623		1.246		81.850		3.500		296.542		4.360		300.902
12-2021		21.043		6.200		3.367		0.992		81.850		3.500		275.575		3.472		279.047
12-2022		19.740		4.984		3.158		0.797		81.850		3.500		258.511		2.791		261.302
12-2023		18.652		4.036		2.984		0.646		81.850		3.500		244.272		2.260		246.532
12-2024		17.708		3.284		2.833		0.525		81.850		3.500		231.901		1.839		233.740
12-2025		16.822		2.673		2.692		0.428		81.850		3.500		220.306		1.497		221.803
12-2026		15.981		2.177		2.557		0.348		81.850		3.500		209.291		1.219		210.510
12-2027		15.182		1.772		2.429		0.284		81.850		3.500		198.826		0.992		199.819
S TOT		387.671		193.278		62.027		30.925		81.850		3.500		5076.942		108.236		5185.178
AFTER		157.329		7.435		25.173		1.190		81.850		3.500		2060.378		4.164		2064.542
TOTAL		545.000		200.713		87.200		32.114		81.850		3.500		7137.320		112.400		7249.719

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		0.000		105.258		29.206		0.000		0.000		1390.000		-585.018		-585.018		-559.958
12-2015		0.000		75.937		27.696		0.000		0.000		0.000		571.876		-13.143		-107.736
12-2016		0.000		56.767		24.352		0.000		0.000		0.000		422.227		409.084		195.383
12-2017		0.000		47.351		22.710		0.000		0.000		0.000		348.639		757.723		422.799
12-2018		0.000		41.467		21.684		0.000		0.000		0.000		302.647		1060.370		602.217
12-2019		0.000		37.340		20.964		0.000		0.000		0.000		270.420		1330.790		747.930
12-2020		0.000		34.239		20.423		0.000		0.000		0.000		246.240		1577.030		868.537
12-2021		0.000		31.800		19.997		0.000		0.000		0.000		227.249		1804.279		969.714
12-2022		0.000		29.816		19.651		0.000		0.000		0.000		211.835		2016.114		1055.448
12-2023		0.000		28.162		19.362		0.000		0.000		0.000		199.008		2215.122		1128.666
12-2024		0.000		26.726		19.110		0.000		0.000		0.000		187.903		2403.025		1191.511
12-2025		0.000		25.382		18.875		0.000		0.000		0.000		177.546		2580.571		1245.495
12-2026		0.000		24.107		18.651		0.000		0.000		0.000		167.752		2748.323		1291.864
12-2027		0.000		22.896		18.438		0.000		0.000		0.000		158.484		2906.807		1331.688
S TOT		0.000		587.250		301.121		0.000		0.000		1390.000		2906.807		2906.807		1331.688
AFTER		0.000		237.074		263.849		0.000		0.000		0.000		1563.618		4470.424		1549.375
TOTAL		0.000		824.324		564.970		0.000		0.000		1390.000		4470.425		4470.424		1549.375

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		87.200		32.114
NET REVENUE, M$		7137.319		112.400
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		16.000		16.000

		P.W. %		P.W., M$
LIFE, YRS.	30.42		5.00		2500.788
DISCOUNT %	10.00		10.00		1549.375
UNDISCOUNTED PAYOUT, YRS.	3.03		12.00		1303.210
DISCOUNTED PAYOUT, YRS.	3.36		15.00		1018.314
UNDISCOUNTED NET/INVEST.	4.22		18.00		803.738
DISCOUNTED NET/INVEST.	2.24		20.00		688.477
RATE-OF-RETURN, PCT.	49.32		30.00		311.104
INITIAL W.I., PCT.	20.000		60.00		-87.054
			80.00		-170.385
			100.00		-208.178

4-2S(E)-163-101 BK	DATE	:	03/18/2013
163N 101W 2	TIME	:	13:54:19
BAKKEN	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		43.864		43.864		12.699		12.699		81.850		3.500		1039.377		44.445		1083.822
12-2015		31.952		31.952		9.250		9.250		81.850		3.500		757.112		32.375		789.487
12-2016		20.489		20.489		5.932		5.932		81.850		3.500		485.496		20.760		506.256
12-2017		15.418		15.418		4.464		4.464		81.850		3.500		365.341		15.622		380.964
12-2018		12.493		12.493		3.617		3.617		81.850		3.500		296.019		12.658		308.677
12-2019		10.568		10.568		3.059		3.059		81.850		3.500		250.419		10.708		261.127
12-2020		9.197		9.197		2.663		2.663		81.850		3.500		217.935		9.319		227.254
12-2021		8.167		8.167		2.364		2.364		81.850		3.500		193.515		8.275		201.790
12-2022		7.361		7.361		2.131		2.131		81.850		3.500		174.427		7.459		181.886
12-2023		6.713		6.713		1.943		1.943		81.850		3.500		159.061		6.802		165.862
12-2024		6.178		6.178		1.789		1.789		81.850		3.500		146.400		6.260		152.661
12-2025		5.730		5.730		1.659		1.659		81.850		3.500		135.773		5.806		141.579
12-2026		5.348		5.348		1.548		1.548		81.850		3.500		126.714		5.418		132.132
12-2027		5.017		5.017		1.453		1.453		81.850		3.500		118.891		5.084		123.975
S TOT		188.494		188.494		54.569		54.569		81.850		3.500		4466.480		190.992		4657.472
AFTER		70.499		70.499		20.409		20.409		81.850		3.500		1670.517		71.433		1741.950
TOTAL		258.993		258.993		74.979		74.979		81.850		3.500		6136.998		262.425		6399.422

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		0.000		120.925		38.473		0.000		0.000		2514.510		-1590.087		-1590.087		-1457.308
12-2015		0.000		88.085		41.425		0.000		0.000		0.000		659.977		-930.110		-934.612
12-2016		0.000		56.484		35.909		0.000		0.000		0.000		413.863		-516.247		-637.194
12-2017		0.000		42.505		33.469		0.000		0.000		0.000		304.990		-211.257		-438.096
12-2018		0.000		34.440		32.061		0.000		0.000		0.000		242.176		30.919		-294.436
12-2019		0.000		29.135		31.135		0.000		0.000		0.000		200.857		231.776		-186.148
12-2020		0.000		25.355		30.475		0.000		0.000		0.000		171.423		403.200		-102.145
12-2021		0.000		22.514		29.979		0.000		0.000		0.000		149.296		552.496		-35.646
12-2022		0.000		20.294		29.592		0.000		0.000		0.000		132.000		684.496		17.799
12-2023		0.000		18.506		29.280		0.000		0.000		0.000		118.077		802.573		61.257
12-2024		0.000		17.033		29.023		0.000		0.000		0.000		106.605		909.179		96.924
12-2025		0.000		15.796		28.807		0.000		0.000		0.000		96.976		1006.154		126.418
12-2026		0.000		14.742		28.623		0.000		0.000		0.000		88.767		1094.921		150.960
12-2027		0.000		13.832		28.464		0.000		0.000		0.000		81.679		1176.600		171.488
S TOT		0.000		519.648		446.713		0.000		0.000		2514.510		1176.600		1176.600		171.488
AFTER		0.000		194.354		735.092		0.000		0.000		0.000		812.504		1989.104		277.243
TOTAL		0.000		714.002		1181.806		0.000		0.000		2514.510		1989.104		1989.104		277.243

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		258.993		258.993
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		258.993		258.993
NET RES., MB & MMF		74.979		74.979
NET REVENUE, M$		6136.999		262.425
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		28.950		28.950

		P.W. %		P.W., M$
LIFE, YRS.	41.92		5.00		839.411
DISCOUNT %	10.00		10.00		277.243
UNDISCOUNTED PAYOUT, YRS.	5.87		12.00		129.555
DISCOUNTED PAYOUT, YRS.	9.67		15.00		-42.591
UNDISCOUNTED NET/INVEST.	1.79		18.00		-172.712
DISCOUNTED NET/INVEST.	1.12		20.00		-242.469
RATE-OF-RETURN, PCT.	14.26		30.00		-465.422
INITIAL W.I., PCT.	36.180		60.00		-649.613
			80.00		-653.065
			100.00		-631.287

AXEL 2-2N-163-101	DATE	:	03/18/2013
163N 101W 2	TIME	:	13:54:19
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		14.313		12.727		4.889		4.348		81.850		3.500		400.196		15.217		415.413
12-2014		43.446		35.650		14.841		12.178		81.850		3.500		1214.735		42.624		1257.359
12-2015		27.095		18.945		9.256		6.472		81.850		3.500		757.575		22.650		780.225
12-2016		21.515		12.875		7.350		4.398		81.850		3.500		601.563		15.394		616.957
12-2017		18.403		9.432		6.286		3.222		81.850		3.500		514.547		11.277		525.824
12-2018		16.345		7.177		5.583		2.452		81.850		3.500		457.004		8.581		465.585
12-2019		14.853		5.589		5.074		1.909		81.850		3.500		415.303		6.682		421.985
12-2020		13.708		4.420		4.683		1.510		81.850		3.500		383.285		5.284		388.569
12-2021		12.793		3.534		4.370		1.207		81.850		3.500		357.697		4.226		361.923
12-2022		12.040		2.851		4.113		0.974		81.850		3.500		336.638		3.408		340.046
12-2023		11.405		2.314		3.896		0.790		81.850		3.500		318.875		2.767		321.641
12-2024		10.833		1.884		3.701		0.643		81.850		3.500		302.900		2.252		305.152
12-2025		10.292		1.534		3.516		0.524		81.850		3.500		287.755		1.834		289.589
12-2026		9.777		1.249		3.340		0.427		81.850		3.500		273.367		1.493		274.860
12-2027		9.288		1.017		3.173		0.347		81.850		3.500		259.699		1.216		260.914
S TOT		246.107		121.197		84.070		41.401		81.850		3.500		6881.140		144.903		7026.043
AFTER		94.513		4.249		32.286		1.451		81.850		3.500		2642.584		5.080		2647.664
TOTAL		340.620		125.446		116.356		42.852		81.850		3.500		9523.724		149.983		9673.707

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		46.501		13.253		0.000		0.000		2540.650		-2184.991		-2184.991		-2058.174
12-2014		0.000		141.034		55.417		0.000		0.000		0.000		1060.908		-1124.083		-1132.645
12-2015		0.000		87.833		46.132		0.000		0.000		0.000		646.261		-477.822		-621.970
12-2016		0.000		69.664		42.963		0.000		0.000		0.000		504.331		26.508		-259.992
12-2017		0.000		59.527		41.195		0.000		0.000		0.000		425.102		451.610		17.271
12-2018		0.000		52.825		40.026		0.000		0.000		0.000		372.733		824.343		238.226
12-2019		0.000		47.970		39.179		0.000		0.000		0.000		334.836		1159.179		418.643
12-2020		0.000		44.244		38.529		0.000		0.000		0.000		305.796		1464.975		568.417
12-2021		0.000		41.268		38.009		0.000		0.000		0.000		282.646		1747.620		694.258
12-2022		0.000		38.821		37.582		0.000		0.000		0.000		263.644		2011.265		800.960
12-2023		0.000		36.758		37.221		0.000		0.000		0.000		247.663		2258.928		892.079
12-2024		0.000		34.904		36.896		0.000		0.000		0.000		233.352		2492.279		970.127
12-2025		0.000		33.149		36.589		0.000		0.000		0.000		219.851		2712.130		1036.974
12-2026		0.000		31.484		36.297		0.000		0.000		0.000		207.080		2919.209		1094.215
12-2027		0.000		29.904		36.019		0.000		0.000		0.000		194.992		3114.201		1143.215
S TOT		0.000		795.885		575.307		0.000		0.000		2540.650		3114.201		3114.201		1143.215
AFTER		0.000		304.057		514.835		0.000		0.000		0.000		1828.772		4942.974		1402.759
TOTAL		0.000		1099.942		1090.141		0.000		0.000		2540.650		4942.974		4942.974		1402.759

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		116.356		42.852
NET REVENUE, M$		9523.725		149.983
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		34.160		34.160

		P.W. %		P.W., M$
LIFE, YRS.	30.00		5.00		2569.368
DISCOUNT %	10.00		10.00		1402.759
UNDISCOUNTED PAYOUT, YRS.	3.95		12.00		1097.927
DISCOUNTED PAYOUT, YRS.	4.94		15.00		743.266
UNDISCOUNTED NET/INVEST.	2.95		18.00		474.653
DISCOUNTED NET/INVEST.	1.59		20.00		329.773
RATE-OF-RETURN, PCT.	26.27		30.00		-148.020
INITIAL W.I., PCT.	42.700		60.00		-659.243
			80.00		-765.979
			100.00		-812.206

BAJA 1522-01MBH	DATE	:	03/18/2013
163N 99W 15	TIME	:	13:54:19
BAKKEN	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		21.407		21.407		0.107		0.107		81.850		3.500		8.761		0.375		9.135
12-2014		43.225		43.225		0.216		0.216		81.850		3.500		17.690		0.756		18.446
12-2015		23.952		23.952		0.120		0.120		81.850		3.500		9.802		0.419		10.222
12-2016		17.154		17.154		0.086		0.086		81.850		3.500		7.020		0.300		7.320
12-2017		13.549		13.549		0.068		0.068		81.850		3.500		5.545		0.237		5.782
12-2018		11.285		11.285		0.056		0.056		81.850		3.500		4.618		0.197		4.816
12-2019		9.718		9.718		0.049		0.049		81.850		3.500		3.977		0.170		4.147
12-2020		8.564		8.564		0.043		0.043		81.850		3.500		3.505		0.150		3.655
12-2021		7.675		7.675		0.038		0.038		81.850		3.500		3.141		0.134		3.275
12-2022		6.967		6.967		0.035		0.035		81.850		3.500		2.851		0.122		2.973
12-2023		6.389		6.389		0.032		0.032		81.850		3.500		2.615		0.112		2.727
12-2024		5.908		5.908		0.030		0.030		81.850		3.500		2.418		0.103		2.521
12-2025		5.500		5.500		0.027		0.027		81.850		3.500		2.251		0.096		2.347
12-2026		5.149		5.149		0.026		0.026		81.850		3.500		2.107		0.090		2.198
12-2027		4.845		4.845		0.024		0.024		81.850		3.500		1.983		0.085		2.068
S TOT		191.286		191.286		0.956		0.956		81.850		3.500		78.284		3.347		81.631
AFTER		67.504		67.504		0.338		0.338		81.850		3.500		27.626		1.181		28.808
TOTAL		258.790		258.790		1.294		1.294		81.850		3.500		105.910		4.529		110.439

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		1.019		0.293		0.000		0.000		43.785		-35.962		-35.962		-34.214
12-2014		0.000		2.058		0.816		0.000		0.000		0.000		15.572		-20.389		-20.620
12-2015		0.000		1.140		0.654		0.000		0.000		0.000		8.427		-11.963		-13.955
12-2016		0.000		0.817		0.597		0.000		0.000		0.000		5.906		-6.056		-9.713
12-2017		0.000		0.645		0.567		0.000		0.000		0.000		4.570		-1.486		-6.731
12-2018		0.000		0.537		0.548		0.000		0.000		0.000		3.730		2.244		-4.518
12-2019		0.000		0.463		0.535		0.000		0.000		0.000		3.149		5.393		-2.820
12-2020		0.000		0.408		0.525		0.000		0.000		0.000		2.721		8.115		-1.487
12-2021		0.000		0.365		0.518		0.000		0.000		0.000		2.392		10.507		-0.422
12-2022		0.000		0.332		0.512		0.000		0.000		0.000		2.129		12.636		0.441
12-2023		0.000		0.304		0.507		0.000		0.000		0.000		1.915		14.551		1.145
12-2024		0.000		0.281		0.503		0.000		0.000		0.000		1.737		16.288		1.727
12-2025		0.000		0.262		0.500		0.000		0.000		0.000		1.586		17.874		2.209
12-2026		0.000		0.245		0.497		0.000		0.000		0.000		1.456		19.329		2.611
12-2027		0.000		0.231		0.494		0.000		0.000		0.000		1.343		20.672		2.949
S TOT		0.000		9.108		8.067		0.000		0.000		43.785		20.672		20.672		2.949
AFTER		0.000		3.214		12.435		0.000		0.000		0.000		13.159		33.830		4.680
TOTAL		0.000		12.322		20.501		0.000		0.000		43.785		33.830		33.830		4.680

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		258.790		258.790
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		258.790		258.790
NET RES., MB & MMF		1.294		1.294
NET REVENUE, M$		105.910		4.529
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		0.500		0.500

		P.W. %		P.W., M$
LIFE, YRS.	41.17		5.00		14.495
DISCOUNT %	10.00		10.00		4.680
UNDISCOUNTED PAYOUT, YRS.	5.40		12.00		2.019
DISCOUNTED PAYOUT, YRS.	9.49		15.00		-1.158
UNDISCOUNTED NET/INVEST.	1.77		18.00		-3.636
DISCOUNTED NET/INVEST.	1.11		20.00		-5.003
RATE-OF-RETURN, PCT.	13.91		30.00		-9.691
INITIAL W.I., PCT.	0.630		60.00		-15.039
			80.00		-16.152
			100.00		-16.580

BAJA 1522-02TFH	DATE	:	03/18/2013
163N 99W 15	TIME	:	13:54:19
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		31.492		27.851		0.157		0.139		81.850		3.500		12.888		0.487		13.376
12-2014		65.078		52.657		0.325		0.263		81.850		3.500		26.633		0.922		27.554
12-2015		42.324		29.210		0.212		0.146		81.850		3.500		17.321		0.511		17.832
12-2016		33.909		20.031		0.170		0.100		81.850		3.500		13.877		0.351		14.228
12-2017		29.121		14.735		0.146		0.074		81.850		3.500		11.918		0.258		12.176
12-2018		25.925		11.238		0.130		0.056		81.850		3.500		10.610		0.197		10.806
12-2019		23.595		8.764		0.118		0.044		81.850		3.500		9.656		0.153		9.810
12-2020		21.799		6.938		0.109		0.035		81.850		3.500		8.921		0.121		9.043
12-2021		20.360		5.553		0.102		0.028		81.850		3.500		8.332		0.097		8.429
12-2022		19.173		4.481		0.096		0.022		81.850		3.500		7.847		0.078		7.925
12-2023		18.169		3.639		0.091		0.018		81.850		3.500		7.436		0.064		7.499
12-2024		17.259		2.963		0.086		0.015		81.850		3.500		7.063		0.052		7.115
12-2025		16.396		2.412		0.082		0.012		81.850		3.500		6.710		0.042		6.752
12-2026		15.577		1.964		0.078		0.010		81.850		3.500		6.375		0.034		6.409
12-2027		14.798		1.599		0.074		0.008		81.850		3.500		6.056		0.028		6.084
S TOT		394.975		194.037		1.975		0.970		81.850		3.500		161.644		3.396		165.039
AFTER		150.025		6.677		0.750		0.033		81.850		3.500		61.398		0.117		61.514
TOTAL		545.000		200.713		2.725		1.004		81.850		3.500		223.041		3.512		226.554

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		1.497		0.377		0.000		0.000		43.785		-32.284		-32.284		-30.825
12-2014		0.000		3.092		0.999		0.000		0.000		0.000		23.464		-8.820		-10.371
12-2015		0.000		2.008		0.808		0.000		0.000		0.000		15.016		6.196		1.493
12-2016		0.000		1.607		0.738		0.000		0.000		0.000		11.883		18.079		10.021
12-2017		0.000		1.379		0.698		0.000		0.000		0.000		10.100		28.178		16.608
12-2018		0.000		1.226		0.671		0.000		0.000		0.000		8.909		37.088		21.889
12-2019		0.000		1.115		0.651		0.000		0.000		0.000		8.043		45.131		26.222
12-2020		0.000		1.030		0.636		0.000		0.000		0.000		7.377		52.507		29.835
12-2021		0.000		0.961		0.624		0.000		0.000		0.000		6.844		59.351		32.882
12-2022		0.000		0.905		0.614		0.000		0.000		0.000		6.406		65.757		35.475
12-2023		0.000		0.857		0.606		0.000		0.000		0.000		6.036		71.794		37.696
12-2024		0.000		0.814		0.598		0.000		0.000		0.000		5.703		77.497		39.603
12-2025		0.000		0.773		0.591		0.000		0.000		0.000		5.388		82.885		41.242
12-2026		0.000		0.734		0.584		0.000		0.000		0.000		5.091		87.976		42.649
12-2027		0.000		0.697		0.578		0.000		0.000		0.000		4.809		92.785		43.857
S TOT		0.000		18.696		9.773		0.000		0.000		43.785		92.785		92.785		43.857
AFTER		0.000		7.064		8.023		0.000		0.000		0.000		46.427		139.212		50.402
TOTAL		0.000		25.760		17.797		0.000		0.000		43.785		139.212		139.212		50.402

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		2.725		1.004
NET REVENUE, M$		223.041		3.512
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		0.500		0.500

		P.W. %		P.W., M$
LIFE, YRS.	29.92		5.00		79.664
DISCOUNT %	10.00		10.00		50.402
UNDISCOUNTED PAYOUT, YRS.	2.59		12.00		42.730
DISCOUNTED PAYOUT, YRS.	2.87		15.00		33.768
UNDISCOUNTED NET/INVEST.	4.18		18.00		26.937
DISCOUNTED NET/INVEST.	2.22		20.00		23.227
RATE-OF-RETURN, PCT.	48.76		30.00		10.766
INITIAL W.I., PCT.	0.630		60.00		-3.716
			80.00		-7.399
			100.00		-9.439

BAJA 1522-03MBH	DATE	:	03/18/2013
163N 99W 15	TIME	:	13:54:19
BAKKEN	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		21.407		21.407		0.107		0.107		81.850		3.500		8.761		0.375		9.135
12-2014		43.225		43.225		0.216		0.216		81.850		3.500		17.690		0.756		18.446
12-2015		23.952		23.952		0.120		0.120		81.850		3.500		9.802		0.419		10.222
12-2016		17.154		17.154		0.086		0.086		81.850		3.500		7.020		0.300		7.320
12-2017		13.549		13.549		0.068		0.068		81.850		3.500		5.545		0.237		5.782
12-2018		11.285		11.285		0.056		0.056		81.850		3.500		4.618		0.197		4.816
12-2019		9.718		9.718		0.049		0.049		81.850		3.500		3.977		0.170		4.147
12-2020		8.564		8.564		0.043		0.043		81.850		3.500		3.505		0.150		3.655
12-2021		7.675		7.675		0.038		0.038		81.850		3.500		3.141		0.134		3.275
12-2022		6.967		6.967		0.035		0.035		81.850		3.500		2.851		0.122		2.973
12-2023		6.389		6.389		0.032		0.032		81.850		3.500		2.615		0.112		2.727
12-2024		5.908		5.908		0.030		0.030		81.850		3.500		2.418		0.103		2.521
12-2025		5.500		5.500		0.027		0.027		81.850		3.500		2.251		0.096		2.347
12-2026		5.149		5.149		0.026		0.026		81.850		3.500		2.107		0.090		2.198
12-2027		4.845		4.845		0.024		0.024		81.850		3.500		1.983		0.085		2.068
S TOT		191.286		191.286		0.956		0.956		81.850		3.500		78.284		3.347		81.631
AFTER		67.504		67.504		0.338		0.338		81.850		3.500		27.626		1.181		28.808
TOTAL		258.790		258.790		1.294		1.294		81.850		3.500		105.910		4.529		110.439

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		1.019		0.293		0.000		0.000		43.785		-35.962		-35.962		-34.214
12-2014		0.000		2.058		0.816		0.000		0.000		0.000		15.572		-20.389		-20.620
12-2015		0.000		1.140		0.654		0.000		0.000		0.000		8.427		-11.963		-13.955
12-2016		0.000		0.817		0.597		0.000		0.000		0.000		5.906		-6.056		-9.713
12-2017		0.000		0.645		0.567		0.000		0.000		0.000		4.570		-1.486		-6.731
12-2018		0.000		0.537		0.548		0.000		0.000		0.000		3.730		2.244		-4.518
12-2019		0.000		0.463		0.535		0.000		0.000		0.000		3.149		5.393		-2.820
12-2020		0.000		0.408		0.525		0.000		0.000		0.000		2.721		8.115		-1.487
12-2021		0.000		0.365		0.518		0.000		0.000		0.000		2.392		10.507		-0.422
12-2022		0.000		0.332		0.512		0.000		0.000		0.000		2.129		12.636		0.441
12-2023		0.000		0.304		0.507		0.000		0.000		0.000		1.915		14.551		1.145
12-2024		0.000		0.281		0.503		0.000		0.000		0.000		1.737		16.288		1.727
12-2025		0.000		0.262		0.500		0.000		0.000		0.000		1.586		17.874		2.209
12-2026		0.000		0.245		0.497		0.000		0.000		0.000		1.456		19.329		2.611
12-2027		0.000		0.231		0.494		0.000		0.000		0.000		1.343		20.672		2.949
S TOT		0.000		9.108		8.067		0.000		0.000		43.785		20.672		20.672		2.949
AFTER		0.000		3.214		12.435		0.000		0.000		0.000		13.159		33.830		4.680
TOTAL		0.000		12.322		20.501		0.000		0.000		43.785		33.830		33.830		4.680

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		258.790		258.790
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		258.790		258.790
NET RES., MB & MMF		1.294		1.294
NET REVENUE, M$		105.910		4.529
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		0.500		0.500

		P.W. %		P.W., M$
LIFE, YRS.	41.17		5.00		14.495
DISCOUNT %	10.00		10.00		4.680
UNDISCOUNTED PAYOUT, YRS.	5.40		12.00		2.019
DISCOUNTED PAYOUT, YRS.	9.49		15.00		-1.158
UNDISCOUNTED NET/INVEST.	1.77		18.00		-3.636
DISCOUNTED NET/INVEST.	1.11		20.00		-5.003
RATE-OF-RETURN, PCT.	13.91		30.00		-9.691
INITIAL W.I., PCT.	0.630		60.00		-15.039
			80.00		-16.152
			100.00		-16.580

BAKKE 3229-2TFH	DATE	:	03/18/2013
164N 99W 32	TIME	:	13:54:19
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		46.396		39.607		1.466		1.252		81.850		2.867		120.000		3.588		123.588
12-2014		30.253		22.290		0.956		0.704		81.850		3.500		78.249		2.465		80.714
12-2015		22.970		14.476		0.726		0.457		81.850		3.500		59.412		1.601		61.013
12-2016		19.285		10.408		0.609		0.329		81.850		3.500		49.879		1.151		51.030
12-2017		16.952		7.837		0.536		0.248		81.850		3.500		43.846		0.867		44.713
12-2018		15.304		6.062		0.484		0.192		81.850		3.500		39.584		0.671		40.254
12-2019		14.060		4.772		0.444		0.151		81.850		3.500		36.366		0.528		36.894
12-2020		13.078		3.804		0.413		0.120		81.850		3.500		33.825		0.421		34.245
12-2021		12.276		3.060		0.388		0.097		81.850		3.500		31.752		0.338		32.090
12-2022		11.606		2.479		0.367		0.078		81.850		3.500		30.019		0.274		30.293
12-2023		11.020		2.017		0.348		0.064		81.850		3.500		28.503		0.223		28.726
12-2024		10.469		1.642		0.331		0.052		81.850		3.500		27.078		0.182		27.260
12-2025		9.946		1.337		0.314		0.042		81.850		3.500		25.724		0.148		25.872
12-2026		9.448		1.089		0.299		0.034		81.850		3.500		24.438		0.120		24.558
12-2027		8.976		0.886		0.284		0.028		81.850		3.500		23.216		0.098		23.314
S TOT		252.040		121.768		7.964		3.848		81.850		3.294		651.890		12.675		664.566
AFTER		88.580		3.678		2.799		0.116		81.850		3.500		229.110		0.407		229.517
TOTAL		340.620		125.446		10.764		3.964		81.850		3.300		881.000		13.082		894.082

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		13.938		4.795		0.000		0.000		234.430		-129.574		-129.574		-134.561
12-2014		0.000		9.076		4.422		0.000		0.000		0.000		67.216		-62.358		-76.102
12-2015		0.000		6.883		4.040		0.000		0.000		0.000		50.090		-12.268		-36.547
12-2016		0.000		5.772		3.847		0.000		0.000		0.000		41.411		29.142		-6.834
12-2017		0.000		5.070		3.725		0.000		0.000		0.000		35.918		65.060		16.589
12-2018		0.000		4.573		3.639		0.000		0.000		0.000		32.042		97.103		35.581
12-2019		0.000		4.199		3.574		0.000		0.000		0.000		29.121		126.224		51.271
12-2020		0.000		3.903		3.522		0.000		0.000		0.000		26.820		153.044		64.407
12-2021		0.000		3.662		3.480		0.000		0.000		0.000		24.948		177.992		75.514
12-2022		0.000		3.461		3.445		0.000		0.000		0.000		23.387		201.379		84.979
12-2023		0.000		3.285		3.414		0.000		0.000		0.000		22.027		223.406		93.083
12-2024		0.000		3.120		3.385		0.000		0.000		0.000		20.755		244.161		100.024
12-2025		0.000		2.963		3.358		0.000		0.000		0.000		19.551		263.712		105.969
12-2026		0.000		2.814		3.332		0.000		0.000		0.000		18.412		282.124		111.059
12-2027		0.000		2.673		3.307		0.000		0.000		0.000		17.334		299.458		115.414
S TOT		0.000		75.391		55.287		0.000		0.000		234.430		299.458		299.458		115.414
AFTER		0.000		26.360		45.303		0.000		0.000		0.000		157.854		457.312		138.187
TOTAL		0.000		101.751		100.589		0.000		0.000		234.430		457.312		457.312		138.187

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		10.764		3.964
NET REVENUE, M$		881.000		13.082
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		3.160		3.160

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		245.492
DISCOUNT %	10.00		10.00		138.187
UNDISCOUNTED PAYOUT, YRS.	3.30		12.00		109.438
DISCOUNTED PAYOUT, YRS.	4.29		15.00		75.365
UNDISCOUNTED NET/INVEST.	2.95		18.00		48.919
DISCOUNTED NET/INVEST.	1.59		20.00		34.335
RATE-OF-RETURN, PCT.	26.22		30.00		-16.426
INITIAL W.I., PCT.	3.940		60.00		-83.525
			80.00		-104.937
			100.00		-119.342

BAKKE 3229-3TFH	DATE	:	03/18/2013
164N 99W 32	TIME	:	13:54:19
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		46.396		39.607		1.466		1.252		81.850		2.867		120.000		3.588		123.588
12-2014		30.253		22.290		0.956		0.704		81.850		3.500		78.249		2.465		80.714
12-2015		22.970		14.476		0.726		0.457		81.850		3.500		59.412		1.601		61.013
12-2016		19.285		10.408		0.609		0.329		81.850		3.500		49.879		1.151		51.030
12-2017		16.952		7.837		0.536		0.248		81.850		3.500		43.846		0.867		44.713
12-2018		15.304		6.062		0.484		0.192		81.850		3.500		39.584		0.671		40.254
12-2019		14.060		4.772		0.444		0.151		81.850		3.500		36.366		0.528		36.894
12-2020		13.078		3.804		0.413		0.120		81.850		3.500		33.825		0.421		34.245
12-2021		12.276		3.060		0.388		0.097		81.850		3.500		31.752		0.338		32.090
12-2022		11.606		2.479		0.367		0.078		81.850		3.500		30.019		0.274		30.293
12-2023		11.020		2.017		0.348		0.064		81.850		3.500		28.503		0.223		28.726
12-2024		10.469		1.642		0.331		0.052		81.850		3.500		27.078		0.182		27.260
12-2025		9.946		1.337		0.314		0.042		81.850		3.500		25.724		0.148		25.872
12-2026		9.448		1.089		0.299		0.034		81.850		3.500		24.438		0.120		24.558
12-2027		8.976		0.886		0.284		0.028		81.850		3.500		23.216		0.098		23.314
S TOT		252.040		121.768		7.964		3.848		81.850		3.294		651.890		12.675		664.566
AFTER		88.580		3.678		2.799		0.116		81.850		3.500		229.110		0.407		229.517
TOTAL		340.620		125.446		10.764		3.964		81.850		3.300		881.000		13.082		894.082

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		13.938		4.795		0.000		0.000		234.430		-129.574		-129.574		-134.561
12-2014		0.000		9.076		4.422		0.000		0.000		0.000		67.216		-62.358		-76.102
12-2015		0.000		6.883		4.040		0.000		0.000		0.000		50.090		-12.268		-36.547
12-2016		0.000		5.772		3.847		0.000		0.000		0.000		41.411		29.142		-6.834
12-2017		0.000		5.070		3.725		0.000		0.000		0.000		35.918		65.060		16.589
12-2018		0.000		4.573		3.639		0.000		0.000		0.000		32.042		97.103		35.581
12-2019		0.000		4.199		3.574		0.000		0.000		0.000		29.121		126.224		51.271
12-2020		0.000		3.903		3.522		0.000		0.000		0.000		26.820		153.044		64.407
12-2021		0.000		3.662		3.480		0.000		0.000		0.000		24.948		177.992		75.514
12-2022		0.000		3.461		3.445		0.000		0.000		0.000		23.387		201.379		84.979
12-2023		0.000		3.285		3.414		0.000		0.000		0.000		22.027		223.406		93.083
12-2024		0.000		3.120		3.385		0.000		0.000		0.000		20.755		244.161		100.024
12-2025		0.000		2.963		3.358		0.000		0.000		0.000		19.551		263.712		105.969
12-2026		0.000		2.814		3.332		0.000		0.000		0.000		18.412		282.124		111.059
12-2027		0.000		2.673		3.307		0.000		0.000		0.000		17.334		299.458		115.414
S TOT		0.000		75.391		55.287		0.000		0.000		234.430		299.458		299.458		115.414
AFTER		0.000		26.360		45.303		0.000		0.000		0.000		157.854		457.312		138.187
TOTAL		0.000		101.751		100.589		0.000		0.000		234.430		457.312		457.312		138.187

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		10.764		3.964
NET REVENUE, M$		881.000		13.082
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		3.160		3.160

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		245.492
DISCOUNT %	10.00		10.00		138.187
UNDISCOUNTED PAYOUT, YRS.	3.30		12.00		109.438
DISCOUNTED PAYOUT, YRS.	4.29		15.00		75.365
UNDISCOUNTED NET/INVEST.	2.95		18.00		48.919
DISCOUNTED NET/INVEST.	1.59		20.00		34.335
RATE-OF-RETURN, PCT.	26.22		30.00		-16.426
INITIAL W.I., PCT.	3.940		60.00		-83.525
			80.00		-104.937
			100.00		-119.342

BAKKE 3229-4TFH	DATE	:	03/18/2013
164N 99W 5	TIME	:	13:54:19
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		46.396		39.607		1.466		1.252		81.850		2.867		120.000		3.588		123.588
12-2014		30.253		22.290		0.956		0.704		81.850		3.500		78.249		2.465		80.714
12-2015		22.970		14.476		0.726		0.457		81.850		3.500		59.412		1.601		61.013
12-2016		19.285		10.408		0.609		0.329		81.850		3.500		49.879		1.151		51.030
12-2017		16.952		7.837		0.536		0.248		81.850		3.500		43.846		0.867		44.713
12-2018		15.304		6.062		0.484		0.192		81.850		3.500		39.584		0.671		40.254
12-2019		14.060		4.772		0.444		0.151		81.850		3.500		36.366		0.528		36.894
12-2020		13.078		3.804		0.413		0.120		81.850		3.500		33.825		0.421		34.245
12-2021		12.276		3.060		0.388		0.097		81.850		3.500		31.752		0.338		32.090
12-2022		11.606		2.479		0.367		0.078		81.850		3.500		30.019		0.274		30.293
12-2023		11.020		2.017		0.348		0.064		81.850		3.500		28.503		0.223		28.726
12-2024		10.469		1.642		0.331		0.052		81.850		3.500		27.078		0.182		27.260
12-2025		9.946		1.337		0.314		0.042		81.850		3.500		25.724		0.148		25.872
12-2026		9.448		1.089		0.299		0.034		81.850		3.500		24.438		0.120		24.558
12-2027		8.976		0.886		0.284		0.028		81.850		3.500		23.216		0.098		23.314
S TOT		252.040		121.768		7.964		3.848		81.850		3.294		651.890		12.675		664.566
AFTER		88.580		3.678		2.799		0.116		81.850		3.500		229.110		0.407		229.517
TOTAL		340.620		125.446		10.764		3.964		81.850		3.300		881.000		13.082		894.082

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		13.938		4.795		0.000		0.000		234.430		-129.574		-129.574		-134.561
12-2014		0.000		9.076		4.422		0.000		0.000		0.000		67.216		-62.358		-76.102
12-2015		0.000		6.883		4.040		0.000		0.000		0.000		50.090		-12.268		-36.547
12-2016		0.000		5.772		3.847		0.000		0.000		0.000		41.411		29.142		-6.834
12-2017		0.000		5.070		3.725		0.000		0.000		0.000		35.918		65.060		16.589
12-2018		0.000		4.573		3.639		0.000		0.000		0.000		32.042		97.103		35.581
12-2019		0.000		4.199		3.574		0.000		0.000		0.000		29.121		126.224		51.271
12-2020		0.000		3.903		3.522		0.000		0.000		0.000		26.820		153.044		64.407
12-2021		0.000		3.662		3.480		0.000		0.000		0.000		24.948		177.992		75.514
12-2022		0.000		3.461		3.445		0.000		0.000		0.000		23.387		201.379		84.979
12-2023		0.000		3.285		3.414		0.000		0.000		0.000		22.027		223.406		93.083
12-2024		0.000		3.120		3.385		0.000		0.000		0.000		20.755		244.161		100.024
12-2025		0.000		2.963		3.358		0.000		0.000		0.000		19.551		263.712		105.969
12-2026		0.000		2.814		3.332		0.000		0.000		0.000		18.412		282.124		111.059
12-2027		0.000		2.673		3.307		0.000		0.000		0.000		17.334		299.458		115.414
S TOT		0.000		75.391		55.287		0.000		0.000		234.430		299.458		299.458		115.414
AFTER		0.000		26.360		45.303		0.000		0.000		0.000		157.854		457.312		138.187
TOTAL		0.000		101.751		100.589		0.000		0.000		234.430		457.312		457.312		138.187

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		10.764		3.964
NET REVENUE, M$		881.000		13.082
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		3.160		3.160

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		245.492
DISCOUNT %	10.00		10.00		138.187
UNDISCOUNTED PAYOUT, YRS.	3.30		12.00		109.438
DISCOUNTED PAYOUT, YRS.	4.29		15.00		75.365
UNDISCOUNTED NET/INVEST.	2.95		18.00		48.919
DISCOUNTED NET/INVEST.	1.59		20.00		34.335
RATE-OF-RETURN, PCT.	26.22		30.00		-16.426
INITIAL W.I., PCT.	3.940		60.00		-83.525
			80.00		-104.937
			100.00		-119.342

BAKKE 3229-6TFH	DATE	:	03/18/2013
164N 99W 32	TIME	:	13:54:19
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		46.396		39.607		1.466		1.252		81.850		2.867		120.000		3.588		123.588
12-2014		30.253		22.290		0.956		0.704		81.850		3.500		78.249		2.465		80.714
12-2015		22.970		14.476		0.726		0.457		81.850		3.500		59.412		1.601		61.013
12-2016		19.285		10.408		0.609		0.329		81.850		3.500		49.879		1.151		51.030
12-2017		16.952		7.837		0.536		0.248		81.850		3.500		43.846		0.867		44.713
12-2018		15.304		6.062		0.484		0.192		81.850		3.500		39.584		0.671		40.254
12-2019		14.060		4.772		0.444		0.151		81.850		3.500		36.366		0.528		36.894
12-2020		13.078		3.804		0.413		0.120		81.850		3.500		33.825		0.421		34.245
12-2021		12.276		3.060		0.388		0.097		81.850		3.500		31.752		0.338		32.090
12-2022		11.606		2.479		0.367		0.078		81.850		3.500		30.019		0.274		30.293
12-2023		11.020		2.017		0.348		0.064		81.850		3.500		28.503		0.223		28.726
12-2024		10.469		1.642		0.331		0.052		81.850		3.500		27.078		0.182		27.260
12-2025		9.946		1.337		0.314		0.042		81.850		3.500		25.724		0.148		25.872
12-2026		9.448		1.089		0.299		0.034		81.850		3.500		24.438		0.120		24.558
12-2027		8.976		0.886		0.284		0.028		81.850		3.500		23.216		0.098		23.314
S TOT		252.040		121.768		7.964		3.848		81.850		3.294		651.890		12.675		664.566
AFTER		88.580		3.678		2.799		0.116		81.850		3.500		229.110		0.407		229.517
TOTAL		340.620		125.446		10.764		3.964		81.850		3.300		881.000		13.082		894.082

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		13.938		4.795		0.000		0.000		234.430		-129.574		-129.574		-134.561
12-2014		0.000		9.076		4.422		0.000		0.000		0.000		67.216		-62.358		-76.102
12-2015		0.000		6.883		4.040		0.000		0.000		0.000		50.090		-12.268		-36.547
12-2016		0.000		5.772		3.847		0.000		0.000		0.000		41.411		29.142		-6.834
12-2017		0.000		5.070		3.725		0.000		0.000		0.000		35.918		65.060		16.589
12-2018		0.000		4.573		3.639		0.000		0.000		0.000		32.042		97.103		35.581
12-2019		0.000		4.199		3.574		0.000		0.000		0.000		29.121		126.224		51.271
12-2020		0.000		3.903		3.522		0.000		0.000		0.000		26.820		153.044		64.407
12-2021		0.000		3.662		3.480		0.000		0.000		0.000		24.948		177.992		75.514
12-2022		0.000		3.461		3.445		0.000		0.000		0.000		23.387		201.379		84.979
12-2023		0.000		3.285		3.414		0.000		0.000		0.000		22.027		223.406		93.083
12-2024		0.000		3.120		3.385		0.000		0.000		0.000		20.755		244.161		100.024
12-2025		0.000		2.963		3.358		0.000		0.000		0.000		19.551		263.712		105.969
12-2026		0.000		2.814		3.332		0.000		0.000		0.000		18.412		282.124		111.059
12-2027		0.000		2.673		3.307		0.000		0.000		0.000		17.334		299.458		115.414
S TOT		0.000		75.391		55.287		0.000		0.000		234.430		299.458		299.458		115.414
AFTER		0.000		26.360		45.303		0.000		0.000		0.000		157.854		457.312		138.187
TOTAL		0.000		101.751		100.589		0.000		0.000		234.430		457.312		457.312		138.187

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		10.764		3.964
NET REVENUE, M$		881.000		13.082
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		3.160		3.160

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		245.492
DISCOUNT %	10.00		10.00		138.187
UNDISCOUNTED PAYOUT, YRS.	3.30		12.00		109.438
DISCOUNTED PAYOUT, YRS.	4.29		15.00		75.365
UNDISCOUNTED NET/INVEST.	2.95		18.00		48.919
DISCOUNTED NET/INVEST.	1.59		20.00		34.335
RATE-OF-RETURN, PCT.	26.22		30.00		-16.426
INITIAL W.I., PCT.	3.940		60.00		-83.525
			80.00		-104.937
			100.00		-119.342

BLANK 4-2N	DATE	:	03/18/2013
163N 101W 6	TIME	:	13:54:19
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		46.396		39.607		15.849		13.530		81.850		3.500		1297.217		47.354		1344.571
12-2015		30.253		22.290		10.335		7.614		81.850		3.500		845.884		26.650		872.533
12-2016		22.970		14.476		7.847		4.945		81.850		3.500		642.252		17.308		659.560
12-2017		19.285		10.408		6.588		3.555		81.850		3.500		539.200		12.443		551.643
12-2018		16.952		7.837		5.791		2.677		81.850		3.500		473.980		9.370		483.350
12-2019		15.304		6.062		5.228		2.071		81.850		3.500		427.907		7.248		435.155
12-2020		14.060		4.772		4.803		1.630		81.850		3.500		393.120		5.706		398.826
12-2021		13.078		3.804		4.467		1.299		81.850		3.500		365.648		4.548		370.196
12-2022		12.276		3.060		4.194		1.045		81.850		3.500		343.239		3.658		346.897
12-2023		11.606		2.479		3.965		0.847		81.850		3.500		324.504		2.964		327.468
12-2024		11.020		2.017		3.764		0.689		81.850		3.500		308.123		2.412		310.535
12-2025		10.469		1.642		3.576		0.561		81.850		3.500		292.717		1.964		294.681
12-2026		9.946		1.337		3.397		0.457		81.850		3.500		278.081		1.599		279.680
12-2027		9.448		1.089		3.228		0.372		81.850		3.500		264.177		1.302		265.479
S TOT		243.064		120.881		83.031		41.293		81.850		3.500		6796.049		144.526		6940.575
AFTER		97.556		4.565		33.325		1.559		81.850		3.500		2727.675		5.457		2733.132
TOTAL		340.620		125.446		116.356		42.852		81.850		3.500		9523.724		149.983		9673.707

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		0.000		150.668		51.968		0.000		0.000		2540.650		-1398.715		-1398.715		-1320.716
12-2015		0.000		98.114		47.925		0.000		0.000		0.000		726.494		-672.222		-746.310
12-2016		0.000		74.403		43.789		0.000		0.000		0.000		541.368		-130.854		-357.668
12-2017		0.000		62.399		41.696		0.000		0.000		0.000		447.548		316.694		-65.733
12-2018		0.000		54.802		40.371		0.000		0.000		0.000		388.177		704.871		164.391
12-2019		0.000		49.437		39.435		0.000		0.000		0.000		346.282		1051.153		350.984
12-2020		0.000		45.388		38.729		0.000		0.000		0.000		314.709		1365.861		505.129
12-2021		0.000		42.192		38.171		0.000		0.000		0.000		289.833		1655.694		634.172
12-2022		0.000		39.587		37.716		0.000		0.000		0.000		269.594		1925.288		743.285
12-2023		0.000		37.411		37.335		0.000		0.000		0.000		252.722		2178.010		836.266
12-2024		0.000		35.510		37.002		0.000		0.000		0.000		238.023		2416.033		915.876
12-2025		0.000		33.724		36.690		0.000		0.000		0.000		224.267		2640.300		984.067
12-2026		0.000		32.030		36.392		0.000		0.000		0.000		211.258		2851.559		1042.463
12-2027		0.000		30.421		36.110		0.000		0.000		0.000		198.948		3050.507		1092.456
S TOT		0.000		786.088		563.330		0.000		0.000		2540.650		3050.507		3050.507		1092.456
AFTER		0.000		313.854		526.811		0.000		0.000		0.000		1892.467		4942.974		1358.893
TOTAL		0.000		1099.942		1090.141		0.000		0.000		2540.650		4942.974		4942.974		1358.893

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		116.356		42.852
NET REVENUE, M$		9523.724		149.983
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		34.160		34.160

		P.W. %		P.W., M$
LIFE, YRS.	30.33		5.00		2527.920
DISCOUNT %	10.00		10.00		1358.893
UNDISCOUNTED PAYOUT, YRS.	4.29		12.00		1057.226
DISCOUNTED PAYOUT, YRS.	5.29		15.00		709.434
UNDISCOUNTED NET/INVEST.	2.95		18.00		449.175
DISCOUNTED NET/INVEST.	1.59		20.00		310.328
RATE-OF-RETURN, PCT.	26.29		30.00		-135.625
INITIAL W.I., PCT.	42.700		60.00		-563.645
			80.00		-629.689
			100.00		-644.648

HAGBERG 2-1N-163-101	DATE	:	03/18/2013
163N 101W 1	TIME	:	13:54:19
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		46.396		39.607		18.558		15.843		81.850		2.867		1518.990		45.421		1564.411
12-2014		30.253		22.290		12.101		8.916		81.850		3.500		990.496		31.206		1021.702
12-2015		22.970		14.476		9.188		5.790		81.850		3.500		752.052		20.267		772.318
12-2016		19.285		10.408		7.714		4.163		81.850		3.500		631.381		14.571		645.952
12-2017		16.952		7.837		6.781		3.135		81.850		3.500		555.011		10.972		565.984
12-2018		15.304		6.062		6.122		2.425		81.850		3.500		501.062		8.487		509.549
12-2019		14.060		4.772		5.624		1.909		81.850		3.500		460.327		6.681		467.009
12-2020		13.078		3.804		5.231		1.522		81.850		3.500		428.159		5.325		433.485
12-2021		12.276		3.060		4.910		1.224		81.850		3.500		401.919		4.284		406.203
12-2022		11.606		2.479		4.642		0.992		81.850		3.500		379.981		3.471		383.452
12-2023		11.020		2.017		4.408		0.807		81.850		3.500		360.800		2.824		363.625
12-2024		10.469		1.642		4.188		0.657		81.850		3.500		342.760		2.299		345.060
12-2025		9.946		1.337		3.978		0.535		81.850		3.500		325.622		1.872		327.495
12-2026		9.448		1.089		3.779		0.436		81.850		3.500		309.341		1.524		310.866
12-2027		8.976		0.886		3.590		0.355		81.850		3.500		293.874		1.241		295.115
S TOT		252.040		121.768		100.816		48.707		81.850		3.294		8251.776		160.447		8412.223
AFTER		88.580		3.678		35.432		1.471		81.850		3.500		2900.124		5.149		2905.273
TOTAL		340.620		125.446		136.248		50.178		81.850		3.300		11151.900		165.596		11317.496

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		176.427		60.853		0.000		0.000		2975.000		-1647.869		-1647.869		-1710.988
12-2014		0.000		114.888		56.119		0.000		0.000		0.000		850.695		-797.173		-971.121
12-2015		0.000		87.123		51.275		0.000		0.000		0.000		633.920		-163.253		-470.529
12-2016		0.000		73.067		48.824		0.000		0.000		0.000		524.061		360.808		-94.500
12-2017		0.000		64.171		47.273		0.000		0.000		0.000		454.539		815.347		201.914
12-2018		0.000		57.889		46.177		0.000		0.000		0.000		405.483		1220.830		442.256
12-2019		0.000		53.148		45.350		0.000		0.000		0.000		368.511		1589.341		640.803
12-2020		0.000		49.406		44.697		0.000		0.000		0.000		339.382		1928.723		807.018
12-2021		0.000		46.355		44.164		0.000		0.000		0.000		315.684		2244.407		947.562
12-2022		0.000		43.807		43.718		0.000		0.000		0.000		295.927		2540.334		1067.326
12-2023		0.000		41.581		43.328		0.000		0.000		0.000		278.715		2819.050		1169.869
12-2024		0.000		39.490		42.962		0.000		0.000		0.000		262.608		3081.658		1257.702
12-2025		0.000		37.505		42.614		0.000		0.000		0.000		247.375		3329.033		1332.919
12-2026		0.000		35.622		42.283		0.000		0.000		0.000		232.960		3561.993		1397.314
12-2027		0.000		33.835		41.969		0.000		0.000		0.000		219.312		3781.305		1452.425
S TOT		0.000		954.312		701.606		0.000		0.000		2975.000		3781.305		3781.305		1452.425
AFTER		0.000		333.676		574.906		0.000		0.000		0.000		1996.691		5777.996		1740.499
TOTAL		0.000		1287.988		1276.512		0.000		0.000		2975.000		5777.996		5777.996		1740.499

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		136.248		50.178
NET REVENUE, M$		11151.899		165.596
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		40.000		40.000

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		3098.171
DISCOUNT %	10.00		10.00		1740.499
UNDISCOUNTED PAYOUT, YRS.	3.31		12.00		1376.731
DISCOUNTED PAYOUT, YRS.	4.32		15.00		945.585
UNDISCOUNTED NET/INVEST.	2.94		18.00		610.951
DISCOUNTED NET/INVEST.	1.59		20.00		426.404
RATE-OF-RETURN, PCT.	26.08		30.00		-215.950
INITIAL W.I., PCT.	50.000		60.00		-1065.102
			80.00		-1336.085
			100.00		-1518.396

KAREN 3-2N-163-101	DATE	:	03/18/2013
163N 101W 2	TIME	:	13:54:19
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		43.248		37.100		14.774		12.673		81.850		3.500		1209.218		44.357		1253.574
12-2014		31.241		23.322		10.672		7.967		81.850		3.500		873.499		27.884		901.383
12-2015		23.384		14.929		7.988		5.100		81.850		3.500		653.803		17.849		671.652
12-2016		19.526		10.675		6.670		3.646		81.850		3.500		545.941		12.763		558.704
12-2017		17.115		8.015		5.846		2.738		81.850		3.500		478.529		9.583		488.112
12-2018		15.424		6.189		5.269		2.114		81.850		3.500		431.241		7.399		438.641
12-2019		14.152		4.866		4.834		1.662		81.850		3.500		395.699		5.818		401.517
12-2020		13.152		3.875		4.493		1.324		81.850		3.500		367.720		4.633		372.353
12-2021		12.337		3.115		4.214		1.064		81.850		3.500		344.951		3.724		348.675
12-2022		11.658		2.522		3.982		0.862		81.850		3.500		325.951		3.016		328.966
12-2023		11.067		2.052		3.781		0.701		81.850		3.500		309.443		2.454		311.897
12-2024		10.514		1.671		3.592		0.571		81.850		3.500		293.971		1.998		295.969
12-2025		9.988		1.360		3.412		0.465		81.850		3.500		279.273		1.626		280.899
12-2026		9.489		1.108		3.241		0.378		81.850		3.500		265.309		1.324		266.633
12-2027		9.014		0.902		3.079		0.308		81.850		3.500		252.044		1.078		253.122
S TOT		251.309		121.701		85.847		41.573		81.850		3.500		7026.591		145.505		7172.097
AFTER		89.311		3.745		30.509		1.279		81.850		3.500		2497.132		4.478		2501.610
TOTAL		340.620		125.446		116.356		42.852		81.850		3.500		9523.723		149.983		9673.707

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		140.454		47.619		0.000		0.000		2540.650		-1475.149		-1475.149		-1510.504
12-2014		0.000		101.329		48.486		0.000		0.000		0.000		751.568		-723.581		-856.724
12-2015		0.000		75.748		44.024		0.000		0.000		0.000		551.880		-171.701		-420.890
12-2016		0.000		63.184		41.833		0.000		0.000		0.000		453.687		281.986		-95.347
12-2017		0.000		55.332		40.464		0.000		0.000		0.000		392.316		674.302		160.495
12-2018		0.000		49.825		39.503		0.000		0.000		0.000		349.312		1023.615		367.546
12-2019		0.000		45.688		38.781		0.000		0.000		0.000		317.047		1340.662		538.366
12-2020		0.000		42.433		38.213		0.000		0.000		0.000		291.707		1632.368		681.233
12-2021		0.000		39.786		37.750		0.000		0.000		0.000		271.138		1903.506		801.945
12-2022		0.000		37.579		37.365		0.000		0.000		0.000		254.023		2157.529		904.751
12-2023		0.000		35.663		37.029		0.000		0.000		0.000		239.205		2396.733		992.757
12-2024		0.000		33.869		36.715		0.000		0.000		0.000		225.384		2622.118		1068.140
12-2025		0.000		32.167		36.416		0.000		0.000		0.000		212.315		2834.433		1132.697
12-2026		0.000		30.552		36.133		0.000		0.000		0.000		199.948		3034.382		1187.966
12-2027		0.000		29.019		35.863		0.000		0.000		0.000		188.239		3222.621		1235.269
S TOT		0.000		812.631		596.195		0.000		0.000		2540.650		3222.621		3222.621		1235.269
AFTER		0.000		287.311		493.947		0.000		0.000		0.000		1720.352		4942.973		1482.958
TOTAL		0.000		1099.942		1090.141		0.000		0.000		2540.650		4942.973		4942.973		1482.958

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		116.356		42.852
NET REVENUE, M$		9523.723		149.983
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		34.160		34.160

		P.W. %		P.W., M$
LIFE, YRS.	29.42		5.00		2643.546
DISCOUNT %	10.00		10.00		1482.957
UNDISCOUNTED PAYOUT, YRS.	3.38		12.00		1172.963
DISCOUNTED PAYOUT, YRS.	4.37		15.00		806.402
UNDISCOUNTED NET/INVEST.	2.95		18.00		522.766
DISCOUNTED NET/INVEST.	1.59		20.00		366.779
RATE-OF-RETURN, PCT.	26.25		30.00		-172.500
INITIAL W.I., PCT.	42.700		60.00		-867.192
			80.00		-1079.259
			100.00		-1216.934

LYNDA 15-32-164-101	DATE	:	03/18/2013
164N 101W 32	TIME	:	13:54:19
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		24.441		21.501		6.746		5.934		81.850		3.500		552.130		20.770		572.900
12-2014		38.434		30.674		10.608		8.466		81.850		3.500		868.241		29.631		897.872
12-2015		25.855		17.613		7.136		4.861		81.850		3.500		584.074		17.014		601.088
12-2016		20.885		12.179		5.764		3.361		81.850		3.500		471.807		11.765		483.572
12-2017		18.005		8.994		4.970		2.482		81.850		3.500		406.754		8.688		415.442
12-2018		16.065		6.875		4.434		1.897		81.850		3.500		362.916		6.641		369.557
12-2019		14.643		5.369		4.041		1.482		81.850		3.500		330.785		5.187		335.971
12-2020		13.542		4.255		3.738		1.174		81.850		3.500		305.925		4.110		310.035
12-2021		12.658		3.408		3.494		0.941		81.850		3.500		285.947		3.292		289.240
12-2022		11.927		2.752		3.292		0.760		81.850		3.500		269.438		2.658		272.096
12-2023		11.307		2.236		3.121		0.617		81.850		3.500		255.427		2.160		257.587
12-2024		10.741		1.820		2.965		0.502		81.850		3.500		242.649		1.758		244.407
12-2025		10.204		1.482		2.816		0.409		81.850		3.500		230.516		1.432		231.948
12-2026		9.694		1.207		2.676		0.333		81.850		3.500		218.990		1.166		220.156
12-2027		9.209		0.982		2.542		0.271		81.850		3.500		208.041		0.949		208.990
S TOT		247.609		121.347		68.340		33.492		81.850		3.500		5593.640		117.222		5710.861
AFTER		93.011		4.099		25.671		1.131		81.850		3.500		2101.172		3.959		2105.132
TOTAL		340.620		125.446		94.011		34.623		81.850		3.500		7694.812		121.181		7815.993

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		64.148		19.495		0.000		0.000		2052.750		-1563.493		-1563.493		-1504.500
12-2014		0.000		100.779		42.475		0.000		0.000		0.000		754.618		-808.875		-847.026
12-2015		0.000		67.703		36.703		0.000		0.000		0.000		496.682		-312.193		-454.631
12-2016		0.000		54.628		34.423		0.000		0.000		0.000		394.522		82.328		-171.492
12-2017		0.000		47.050		33.102		0.000		0.000		0.000		335.290		417.618		47.184
12-2018		0.000		41.944		32.211		0.000		0.000		0.000		295.402		713.020		222.291
12-2019		0.000		38.203		31.559		0.000		0.000		0.000		266.209		979.230		365.728
12-2020		0.000		35.311		31.054		0.000		0.000		0.000		243.671		1222.900		485.073
12-2021		0.000		32.987		30.648		0.000		0.000		0.000		225.604		1448.505		585.516
12-2022		0.000		31.069		30.313		0.000		0.000		0.000		210.715		1659.219		670.796
12-2023		0.000		29.442		30.028		0.000		0.000		0.000		198.117		1857.336		743.685
12-2024		0.000		27.960		29.769		0.000		0.000		0.000		186.679		2044.014		806.123
12-2025		0.000		26.554		29.522		0.000		0.000		0.000		175.871		2219.885		859.598
12-2026		0.000		25.221		29.288		0.000		0.000		0.000		165.647		2385.533		905.386
12-2027		0.000		23.955		29.066		0.000		0.000		0.000		155.970		2541.503		944.580
S TOT		0.000		646.953		469.655		0.000		0.000		2052.750		2541.503		2541.503		944.580
AFTER		0.000		241.759		411.138		0.000		0.000		0.000		1452.234		3993.737		1151.524
TOTAL		0.000		888.712		880.794		0.000		0.000		2052.750		3993.737		3993.737		1151.524

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		94.011		34.623
NET REVENUE, M$		7694.812		121.181
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		27.600		27.600

		P.W. %		P.W., M$
LIFE, YRS.	29.83		5.00		2092.903
DISCOUNT %	10.00		10.00		1151.524
UNDISCOUNTED PAYOUT, YRS.	3.79		12.00		903.999
DISCOUNTED PAYOUT, YRS.	4.78		15.00		614.684
UNDISCOUNTED NET/INVEST.	2.95		18.00		394.228
DISCOUNTED NET/INVEST.	1.59		20.00		274.665
RATE-OF-RETURN, PCT.	26.27		30.00		-124.940
INITIAL W.I., PCT.	34.500		60.00		-576.045
			80.00		-682.580
			100.00		-736.596

MYRTLE 2-1-163-101	DATE	:	03/18/2013
163N 101W 1	TIME	:	13:54:19
BAKKEN	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		47.369		47.369		13.500		13.500		81.850		3.500		1104.983		47.250		1152.234
12-2014		30.446		30.446		8.677		8.677		81.850		3.500		710.229		30.370		740.600
12-2015		19.925		19.925		5.679		5.679		81.850		3.500		464.800		19.875		484.675
12-2016		15.117		15.117		4.308		4.308		81.850		3.500		352.627		15.079		367.705
12-2017		12.303		12.303		3.506		3.506		81.850		3.500		286.988		12.272		299.260
12-2018		10.437		10.437		2.974		2.974		81.850		3.500		243.460		10.411		253.870
12-2019		9.100		9.100		2.594		2.594		81.850		3.500		212.288		9.078		221.366
12-2020		8.092		8.092		2.306		2.306		81.850		3.500		188.767		8.072		196.839
12-2021		7.302		7.302		2.081		2.081		81.850		3.500		170.332		7.284		177.616
12-2022		6.664		6.664		1.899		1.899		81.850		3.500		155.459		6.648		162.106
12-2023		6.138		6.138		1.749		1.749		81.850		3.500		143.184		6.123		149.307
12-2024		5.696		5.696		1.623		1.623		81.850		3.500		132.866		5.681		138.547
12-2025		5.318		5.318		1.516		1.516		81.850		3.500		124.060		5.305		129.365
12-2026		4.992		4.992		1.423		1.423		81.850		3.500		116.449		4.979		121.428
12-2027		4.707		4.707		1.341		1.341		81.850		3.500		109.799		4.695		114.494
S TOT		193.606		193.606		55.178		55.178		81.850		3.500		4516.290		193.122		4709.411
AFTER		65.388		65.388		18.635		18.635		81.850		3.500		1525.314		65.224		1590.538
TOTAL		258.993		258.993		73.813		73.813		81.850		3.500		6041.603		258.346		6299.949

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		128.558		41.676		0.000		0.000		2475.590		-1493.590		-1493.590		-1525.203
12-2014		0.000		82.631		40.070		0.000		0.000		0.000		617.899		-875.691		-987.033
12-2015		0.000		54.077		35.086		0.000		0.000		0.000		395.513		-480.179		-674.407
12-2016		0.000		41.026		32.808		0.000		0.000		0.000		293.872		-186.307		-463.392
12-2017		0.000		33.389		31.475		0.000		0.000		0.000		234.396		48.089		-310.448
12-2018		0.000		28.325		30.591		0.000		0.000		0.000		194.954		243.043		-194.833
12-2019		0.000		24.698		29.958		0.000		0.000		0.000		166.710		409.753		-104.972
12-2020		0.000		21.962		29.480		0.000		0.000		0.000		145.397		555.150		-33.734
12-2021		0.000		19.817		29.106		0.000		0.000		0.000		128.693		683.843		23.582
12-2022		0.000		18.087		28.804		0.000		0.000		0.000		115.216		799.059		70.227
12-2023		0.000		16.659		28.554		0.000		0.000		0.000		104.094		903.153		108.536
12-2024		0.000		15.458		28.345		0.000		0.000		0.000		94.744		997.897		140.233
12-2025		0.000		14.434		28.166		0.000		0.000		0.000		86.765		1084.662		166.620
12-2026		0.000		13.548		28.011		0.000		0.000		0.000		79.869		1164.531		188.701
12-2027		0.000		12.774		27.876		0.000		0.000		0.000		73.843		1238.374		207.259
S TOT		0.000		525.443		470.004		0.000		0.000		2475.590		1238.374		1238.374		207.259
AFTER		0.000		177.461		693.509		0.000		0.000		0.000		719.568		1957.942		302.435
TOTAL		0.000		702.904		1163.514		0.000		0.000		2475.590		1957.942		1957.942		302.435

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		258.993		258.993
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		258.993		258.993
NET RES., MB & MMF		73.813		73.813
NET REVENUE, M$		6041.604		258.346
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		28.500		28.500

		P.W. %		P.W., M$
LIFE, YRS.	40.83		5.00		871.016
DISCOUNT %	10.00		10.00		302.435
UNDISCOUNTED PAYOUT, YRS.	4.79		12.00		144.019
DISCOUNTED PAYOUT, YRS.	8.59		15.00		-48.963
UNDISCOUNTED NET/INVEST.	1.79		18.00		-203.596
DISCOUNTED NET/INVEST.	1.12		20.00		-291.001
RATE-OF-RETURN, PCT.	14.24		30.00		-608.982
INITIAL W.I., PCT.	35.620		60.00		-1064.261
			80.00		-1215.502
			100.00		-1317.017

THOMTE 0508-06TFH	DATE	:	03/18/2013
163N 100W 9	TIME	:	13:54:20
THREE FORKS	DBS	:	MHA
SAMSON RESOURCES COMPANY	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		74.233		63.371		2.346		2.003		81.850		2.867		192.000		5.741		197.741
12-2014		48.405		35.664		1.530		1.127		81.850		3.500		125.199		3.944		129.143
12-2015		36.753		23.162		1.161		0.732		81.850		3.500		95.059		2.562		97.621
12-2016		30.856		16.652		0.975		0.526		81.850		3.500		79.807		1.842		81.648
12-2017		27.123		12.540		0.857		0.396		81.850		3.500		70.153		1.387		71.540
12-2018		24.487		9.700		0.774		0.307		81.850		3.500		63.334		1.073		64.407
12-2019		22.496		7.636		0.711		0.241		81.850		3.500		58.185		0.845		59.030
12-2020		20.924		6.086		0.661		0.192		81.850		3.500		54.119		0.673		54.792
12-2021		19.642		4.896		0.621		0.155		81.850		3.500		50.803		0.541		51.344
12-2022		18.570		3.967		0.587		0.125		81.850		3.500		48.030		0.439		48.468
12-2023		17.632		3.228		0.557		0.102		81.850		3.500		45.605		0.357		45.962
12-2024		16.751		2.628		0.529		0.083		81.850		3.500		43.325		0.291		43.616
12-2025		15.913		2.140		0.503		0.068		81.850		3.500		41.159		0.237		41.395
12-2026		15.117		1.742		0.478		0.055		81.850		3.500		39.101		0.193		39.293
12-2027		14.362		1.418		0.454		0.045		81.850		3.500		37.146		0.157		37.303
S TOT		403.263		194.828		12.743		6.157		81.850		3.294		1043.024		20.280		1063.304
AFTER		141.737		5.885		4.479		0.186		81.850		3.500		366.597		0.651		367.247
TOTAL		545.000		200.713		17.222		6.343		81.850		3.300		1409.621		20.931		1430.552

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		22.300		6.254		0.000		0.000		273.830		-104.643		-104.643		-112.698
12-2014		0.000		14.522		5.373		0.000		0.000		0.000		109.248		4.605		-17.688
12-2015		0.000		11.012		4.763		0.000		0.000		0.000		81.846		86.451		46.942
12-2016		0.000		9.236		4.454		0.000		0.000		0.000		67.959		154.410		95.703
12-2017		0.000		8.111		4.258		0.000		0.000		0.000		59.171		213.581		134.288
12-2018		0.000		7.317		4.120		0.000		0.000		0.000		52.970		266.551		165.684
12-2019		0.000		6.718		4.016		0.000		0.000		0.000		48.296		314.847		191.705
12-2020		0.000		6.245		3.933		0.000		0.000		0.000		44.614		359.461		213.554
12-2021		0.000		5.859		3.866		0.000		0.000		0.000		41.619		401.080		232.083
12-2022		0.000		5.537		3.810		0.000		0.000		0.000		39.121		440.201		247.915
12-2023		0.000		5.256		3.761		0.000		0.000		0.000		36.946		477.147		261.507
12-2024		0.000		4.991		3.715		0.000		0.000		0.000		34.909		512.056		273.183
12-2025		0.000		4.741		3.671		0.000		0.000		0.000		32.984		545.040		283.212
12-2026		0.000		4.503		3.629		0.000		0.000		0.000		31.162		576.202		291.825
12-2027		0.000		4.277		3.589		0.000		0.000		0.000		29.436		605.638		299.222
S TOT		0.000		120.625		63.211		0.000		0.000		273.830		605.638		605.638		299.222
AFTER		0.000		42.179		48.088		0.000		0.000		0.000		276.980		882.619		338.845
TOTAL		0.000		162.804		111.299		0.000		0.000		273.830		882.619		882.619		338.845

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		17.222		6.343
NET REVENUE, M$		1409.621		20.931
INITIAL PRICE, $		81.850		0.000
INITIAL N.I., PCT.		3.160		3.160

		P.W. %		P.W., M$
LIFE, YRS.	29.33		5.00		520.314
DISCOUNT %	10.00		10.00		338.845
UNDISCOUNTED PAYOUT, YRS.	1.96		12.00		290.557
DISCOUNTED PAYOUT, YRS.	2.27		15.00		233.538
UNDISCOUNTED NET/INVEST.	4.22		18.00		189.453
DISCOUNTED NET/INVEST.	2.24		20.00		165.206
RATE-OF-RETURN, PCT.	49.10		30.00		81.184
INITIAL W.I., PCT.	3.940		60.00		-29.034
			80.00		-64.016
			100.00		-87.502

WOLTER 15-9HNB	DATE	:	03/18/2013
163N 100W 9	TIME	:	13:54:20
THREE FORKS	DBS	:	MHA
SM ENERGY COMPANY	SETTINGS	:	SETDATA
5PRB	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		22.901		20.364		1.092		0.971		81.850		3.500		89.411		3.400		92.811
12-2014		69.513		57.041		3.316		2.721		81.850		3.500		271.395		9.523		280.918
12-2015		43.352		30.312		2.068		1.446		81.850		3.500		169.257		5.061		174.317
12-2016		34.424		20.600		1.642		0.983		81.850		3.500		134.401		3.439		137.840
12-2017		29.445		15.092		1.405		0.720		81.850		3.500		114.960		2.520		117.479
12-2018		26.152		11.484		1.247		0.548		81.850		3.500		102.103		1.917		104.020
12-2019		23.766		8.942		1.134		0.427		81.850		3.500		92.787		1.493		94.279
12-2020		21.933		7.071		1.046		0.337		81.850		3.500		85.633		1.181		86.814
12-2021		20.469		5.655		0.976		0.270		81.850		3.500		79.916		0.944		80.861
12-2022		19.264		4.561		0.919		0.218		81.850		3.500		75.211		0.761		75.973
12-2023		18.248		3.702		0.870		0.177		81.850		3.500		71.243		0.618		71.861
12-2024		17.333		3.014		0.827		0.144		81.850		3.500		67.674		0.503		68.177
12-2025		16.467		2.454		0.785		0.117		81.850		3.500		64.290		0.410		64.700
12-2026		15.643		1.998		0.746		0.095		81.850		3.500		61.075		0.334		61.409
12-2027		14.861		1.627		0.709		0.078		81.850		3.500		58.022		0.272		58.293
S TOT		393.771		193.916		18.783		9.250		81.850		3.500		1537.378		32.374		1569.752
AFTER		151.229		6.798		7.214		0.324		81.850		3.500		590.436		1.135		591.570
TOTAL		545.000		200.713		25.996		9.574		81.850		3.500		2127.813		33.509		2161.323

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		10.389		2.531		0.000		0.000		414.220		-334.329		-334.329		-315.476
12-2014		0.000		31.510		9.801		0.000		0.000		0.000		239.607		-94.722		-106.458
12-2015		0.000		19.624		7.728		0.000		0.000		0.000		146.966		52.244		9.670
12-2016		0.000		15.564		7.020		0.000		0.000		0.000		115.256		167.500		92.390
12-2017		0.000		13.300		6.625		0.000		0.000		0.000		97.554		265.055		156.016
12-2018		0.000		11.802		6.364		0.000		0.000		0.000		85.854		350.909		206.909
12-2019		0.000		10.717		6.175		0.000		0.000		0.000		77.387		428.296		248.606
12-2020		0.000		9.885		6.030		0.000		0.000		0.000		70.899		499.195		283.330
12-2021		0.000		9.220		5.914		0.000		0.000		0.000		65.727		564.922		312.592
12-2022		0.000		8.673		5.818		0.000		0.000		0.000		61.481		626.403		337.475
12-2023		0.000		8.212		5.738		0.000		0.000		0.000		57.911		684.314		358.781
12-2024		0.000		7.798		5.665		0.000		0.000		0.000		54.713		739.027		377.080
12-2025		0.000		7.406		5.596		0.000		0.000		0.000		51.697		790.724		392.798
12-2026		0.000		7.034		5.531		0.000		0.000		0.000		48.844		839.568		406.299
12-2027		0.000		6.681		5.469		0.000		0.000		0.000		46.143		885.711		417.894
S TOT		0.000		177.816		92.005		0.000		0.000		414.220		885.711		885.711		417.894
AFTER		0.000		67.936		76.356		0.000		0.000		0.000		447.279		1332.990		480.808
TOTAL		0.000		245.752		168.361		0.000		0.000		414.220		1332.990		1332.990		480.808

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		25.997		9.574
NET REVENUE, M$		2127.813		33.509
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		4.770		4.770

		P.W. %		P.W., M$
LIFE, YRS.	30.00		5.00		761.066
DISCOUNT %	10.00		10.00		480.808
UNDISCOUNTED PAYOUT, YRS.	2.64		12.00		407.488
DISCOUNTED PAYOUT, YRS.	2.92		15.00		321.965
UNDISCOUNTED NET/INVEST.	4.22		18.00		256.893
DISCOUNTED NET/INVEST.	2.24		20.00		221.620
RATE-OF-RETURN, PCT.	49.30		30.00		103.618
INITIAL W.I., PCT.	5.960		60.00		-31.435
			80.00		-64.771
			100.00		-82.732

1-2N(W)-163-102	DATE	:	03/18/2013
163N 102W 35	TIME	:	13:54:20
BAKKEN	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
6POS	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013
12-2014
12-2015
12-2016
12-2017
12-2018
12-2019
12-2020
12-2021
12-2022
12-2023
12-2024
12-2025
12-2026
12-2027
S TOT		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
AFTER		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
TOTAL		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		0.000		0.000
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		0.000		0.000
NET RES., MB & MMF		0.000		0.000
NET REVENUE, M$		0.000		0.000
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		0.000		0.000

		P.W. %		P.W., M$
LIFE, YRS.	0.00		5.00		0.000
DISCOUNT %	10.00		10.00		0.000
UNDISCOUNTED PAYOUT, YRS.	0.00		12.00		0.000
DISCOUNTED PAYOUT, YRS.	0.00		15.00		0.000
UNDISCOUNTED NET/INVEST.	0.00		18.00		0.000
DISCOUNTED NET/INVEST.	0.00		20.00		0.000
RATE-OF-RETURN, PCT.	0.00		30.00		0.000
INITIAL W.I., PCT.	0.000		60.00		0.000
			80.00		0.000
			100.00		0.000

16-33N-164-102	DATE	:	03/18/2013
164N 102W 9	TIME	:	13:54:20
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
6POS	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		28.758		25.168		10.034		8.781		81.850		3.500		821.262		30.734		851.996
12-2014		36.562		28.787		12.757		10.044		81.850		3.500		1044.125		35.154		1079.279
12-2015		25.297		17.010		8.826		5.935		81.850		3.500		722.407		20.772		743.179
12-2016		20.590		11.853		7.184		4.136		81.850		3.500		588.008		14.475		602.483
12-2017		17.816		8.785		6.216		3.065		81.850		3.500		508.784		10.728		519.511
12-2018		15.930		6.730		5.558		2.348		81.850		3.500		454.927		8.218		463.145
12-2019		14.540		5.264		5.073		1.836		81.850		3.500		415.238		6.428		421.666
12-2020		13.461		4.176		4.697		1.457		81.850		3.500		384.419		5.099		389.518
12-2021		12.592		3.347		4.393		1.168		81.850		3.500		359.587		4.087		363.675
12-2022		11.872		2.704		4.142		0.944		81.850		3.500		339.024		3.302		342.326
12-2023		11.258		2.198		3.928		0.767		81.850		3.500		321.510		2.684		324.194
12-2024		10.695		1.789		3.732		0.624		81.850		3.500		305.431		2.185		307.616
12-2025		10.161		1.457		3.545		0.508		81.850		3.500		290.160		1.779		291.939
12-2026		9.653		1.186		3.368		0.414		81.850		3.500		275.652		1.448		277.100
12-2027		9.170		0.966		3.199		0.337		81.850		3.500		261.869		1.179		263.048
S TOT		248.355		121.420		86.651		42.364		81.850		3.500		7092.402		148.273		7240.676
AFTER		92.265		4.025		32.191		1.404		81.850		3.500		2634.843		4.916		2639.758
TOTAL		340.620		125.446		118.842		43.768		81.850		3.500		9727.244		153.188		9880.434

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		95.411		29.763		0.000		0.000		2594.795		-1867.973		-1867.973		-1818.027
12-2014		0.000		121.179		52.606		0.000		0.000		0.000		905.494		-962.479		-1029.449
12-2015		0.000		83.730		46.072		0.000		0.000		0.000		613.377		-349.101		-544.904
12-2016		0.000		68.076		43.342		0.000		0.000		0.000		491.065		141.964		-192.492
12-2017		0.000		58.847		41.733		0.000		0.000		0.000		418.931		560.895		80.728
12-2018		0.000		52.575		40.639		0.000		0.000		0.000		369.931		930.826		300.012
12-2019		0.000		47.954		39.833		0.000		0.000		0.000		333.879		1264.705		479.908
12-2020		0.000		44.368		39.207		0.000		0.000		0.000		305.943		1570.648		629.751
12-2021		0.000		41.481		38.703		0.000		0.000		0.000		283.491		1854.139		755.965
12-2022		0.000		39.092		38.285		0.000		0.000		0.000		264.950		2119.088		863.195
12-2023		0.000		37.058		37.929		0.000		0.000		0.000		249.207		2368.295		954.881
12-2024		0.000		35.193		37.603		0.000		0.000		0.000		234.820		2603.116		1033.420
12-2025		0.000		33.424		37.292		0.000		0.000		0.000		221.222		2824.338		1100.685
12-2026		0.000		31.745		36.998		0.000		0.000		0.000		208.357		3032.695		1158.279
12-2027		0.000		30.152		36.718		0.000		0.000		0.000		196.179		3228.873		1207.577
S TOT		0.000		820.286		596.721		0.000		0.000		2594.795		3228.873		3228.873		1207.577
AFTER		0.000		303.161		516.653		0.000		0.000		0.000		1819.944		5048.817		1467.449
TOTAL		0.000		1123.448		1113.374		0.000		0.000		2594.795		5048.817		5048.817		1467.449

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		118.842		43.768
NET REVENUE, M$		9727.246		153.188
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		34.890		34.890

		P.W. %		P.W., M$
LIFE, YRS.	29.75		5.00		2656.662
DISCOUNT %	10.00		10.00		1467.449
UNDISCOUNTED PAYOUT, YRS.	3.71		12.00		1153.777
DISCOUNTED PAYOUT, YRS.	4.70		15.00		786.300
UNDISCOUNTED NET/INVEST.	2.95		18.00		505.430
DISCOUNTED NET/INVEST.	1.59		20.00		352.678
RATE-OF-RETURN, PCT.	26.27		30.00		-161.290
INITIAL W.I., PCT.	43.610		60.00		-757.156
			80.00		-906.067
			100.00		-986.408

3-1-163-102	DATE	:	03/18/2013
163N 102W 1	TIME	:	13:54:20
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
6POS	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		83.670		70.745		14.391		12.168		81.850		3.500		1177.917		42.588		1220.505
12-2015		45.663		32.772		7.854		5.637		81.850		3.500		642.852		19.729		662.581
12-2016		35.531		21.819		6.111		3.753		81.850		3.500		500.207		13.135		513.343
12-2017		30.125		15.844		5.182		2.725		81.850		3.500		424.109		9.538		433.647
12-2018		26.624		11.996		4.579		2.063		81.850		3.500		374.822		7.222		382.043
12-2019		24.118		9.311		4.148		1.601		81.850		3.500		339.539		5.605		345.144
12-2020		22.209		7.347		3.820		1.264		81.850		3.500		312.668		4.423		317.091
12-2021		20.693		5.866		3.559		1.009		81.850		3.500		291.318		3.531		294.849
12-2022		19.450		4.725		3.345		0.813		81.850		3.500		273.823		2.844		276.667
12-2023		18.407		3.832		3.166		0.659		81.850		3.500		259.136		2.307		261.443
12-2024		17.482		3.119		3.007		0.536		81.850		3.500		246.117		1.878		247.995
12-2025		16.608		2.539		2.857		0.437		81.850		3.500		233.812		1.529		235.340
12-2026		15.778		2.068		2.714		0.356		81.850		3.500		222.121		1.245		223.366
12-2027		14.989		1.683		2.578		0.290		81.850		3.500		211.015		1.013		212.028
S TOT		391.347		193.667		67.312		33.311		81.850		3.500		5509.456		116.588		5626.044
AFTER		153.653		7.046		26.428		1.212		81.850		3.500		2163.163		4.242		2167.405
TOTAL		545.000		200.713		93.740		34.523		81.850		3.500		7672.619		120.829		7793.449

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		1494.250		-1494.250		-1494.250		-1380.160
12-2014		0.000		136.799		39.405		0.000		0.000		0.000		1044.301		-449.949		-466.770
12-2015		0.000		74.548		28.537		0.000		0.000		0.000		559.496		109.547		-24.564
12-2016		0.000		57.937		25.640		0.000		0.000		0.000		429.766		539.313		283.915
12-2017		0.000		49.072		24.094		0.000		0.000		0.000		360.481		899.793		519.036
12-2018		0.000		43.331		23.093		0.000		0.000		0.000		315.619		1215.412		706.134
12-2019		0.000		39.223		22.377		0.000		0.000		0.000		283.545		1498.957		858.913
12-2020		0.000		36.096		21.831		0.000		0.000		0.000		259.164		1758.121		985.847
12-2021		0.000		33.613		21.397		0.000		0.000		0.000		239.840		1997.961		1092.628
12-2022		0.000		31.579		21.042		0.000		0.000		0.000		224.046		2222.007		1183.304
12-2023		0.000		29.873		20.743		0.000		0.000		0.000		210.826		2432.833		1260.868
12-2024		0.000		28.363		20.479		0.000		0.000		0.000		199.154		2631.987		1327.477
12-2025		0.000		26.936		20.229		0.000		0.000		0.000		188.175		2820.162		1384.692
12-2026		0.000		25.583		19.992		0.000		0.000		0.000		177.791		2997.953		1433.835
12-2027		0.000		24.299		19.766		0.000		0.000		0.000		167.964		3165.917		1476.042
S TOT		0.000		637.252		328.626		0.000		0.000		1494.250		3165.917		3165.917		1476.042
AFTER		0.000		248.897		278.717		0.000		0.000		0.000		1639.791		4805.708		1705.741
TOTAL		0.000		886.149		607.343		0.000		0.000		1494.250		4805.708		4805.708		1705.741

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		93.740		34.523
NET REVENUE, M$		7672.619		120.829
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		17.200		17.200

		P.W. %		P.W., M$
LIFE, YRS.	30.17		5.00		2721.340
DISCOUNT %	10.00		10.00		1705.741
UNDISCOUNTED PAYOUT, YRS.	2.80		12.00		1441.211
DISCOUNTED PAYOUT, YRS.	3.08		15.00		1133.613
UNDISCOUNTED NET/INVEST.	4.22		18.00		900.520
DISCOUNTED NET/INVEST.	2.24		20.00		774.629
RATE-OF-RETURN, PCT.	49.29		30.00		357.108
INITIAL W.I., PCT.	21.500		60.00		-105.251
			80.00		-212.158
			100.00		-266.135

3-2N-163-102	DATE	:	03/18/2013
163N 102W 35	TIME	:	13:54:20
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
6POS	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		49.405		41.973		14.668		12.462		81.850		3.500		1200.606		43.617		1244.223
12-2015		29.357		21.348		8.716		6.338		81.850		3.500		713.423		22.183		735.606
12-2016		22.579		14.046		6.704		4.170		81.850		3.500		548.692		14.596		563.288
12-2017		19.052		10.150		5.657		3.014		81.850		3.500		462.997		10.548		473.545
12-2018		16.794		7.665		4.986		2.276		81.850		3.500		408.114		7.965		416.079
12-2019		15.188		5.939		4.509		1.763		81.850		3.500		369.081		6.172		375.253
12-2020		13.970		4.681		4.148		1.390		81.850		3.500		339.479		4.864		344.344
12-2021		13.005		3.734		3.861		1.109		81.850		3.500		316.030		3.880		319.911
12-2022		12.216		3.006		3.627		0.892		81.850		3.500		296.859		3.124		299.982
12-2023		11.555		2.437		3.431		0.723		81.850		3.500		280.799		2.532		283.331
12-2024		10.973		1.983		3.258		0.589		81.850		3.500		266.662		2.061		268.723
12-2025		10.425		1.615		3.095		0.479		81.850		3.500		253.329		1.678		255.007
12-2026		9.903		1.315		2.940		0.390		81.850		3.500		240.662		1.366		242.028
12-2027		9.408		1.070		2.793		0.318		81.850		3.500		228.629		1.112		229.741
S TOT		243.829		120.962		72.393		35.914		81.850		3.500		5925.361		125.698		6051.060
AFTER		96.791		4.484		28.737		1.331		81.850		3.500		2352.138		4.659		2356.797
TOTAL		340.620		125.446		101.130		37.245		81.850		3.500		8277.499		130.357		8407.856

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		2208.045		-2208.045		-2208.045		-2023.320
12-2014		0.000		139.441		48.877		0.000		0.000		0.000		1055.905		-1152.140		-1104.307
12-2015		0.000		82.741		41.209		0.000		0.000		0.000		611.656		-540.484		-620.781
12-2016		0.000		63.558		37.863		0.000		0.000		0.000		461.866		-78.617		-289.231
12-2017		0.000		53.576		36.123		0.000		0.000		0.000		383.846		305.228		-38.856
12-2018		0.000		47.183		35.008		0.000		0.000		0.000		333.888		639.116		159.081
12-2019		0.000		42.638		34.215		0.000		0.000		0.000		298.399		937.515		319.870
12-2020		0.000		39.193		33.614		0.000		0.000		0.000		271.537		1209.052		452.868
12-2021		0.000		36.465		33.138		0.000		0.000		0.000		250.308		1459.359		564.313
12-2022		0.000		34.237		32.748		0.000		0.000		0.000		232.997		1692.356		658.614
12-2023		0.000		32.371		32.422		0.000		0.000		0.000		218.537		1910.893		739.017
12-2024		0.000		30.731		32.135		0.000		0.000		0.000		205.856		2116.750		807.868
12-2025		0.000		29.186		31.864		0.000		0.000		0.000		193.957		2310.706		866.843
12-2026		0.000		27.719		31.607		0.000		0.000		0.000		182.702		2493.408		917.345
12-2027		0.000		26.327		31.363		0.000		0.000		0.000		172.051		2665.459		960.580
S TOT		0.000		685.367		492.187		0.000		0.000		2208.045		2665.459		2665.459		960.580
AFTER		0.000		270.642		455.240		0.000		0.000		0.000		1630.914		4296.374		1190.651
TOTAL		0.000		956.009		947.427		0.000		0.000		2208.045		4296.374		4296.374		1190.651

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		340.620		125.446
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		340.620		125.446
NET RES., MB & MMF		101.130		37.245
NET REVENUE, M$		8277.498		130.357
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		29.690		29.690

		P.W. %		P.W., M$
LIFE, YRS.	30.25		5.00		2206.257
DISCOUNT %	10.00		10.00		1190.651
UNDISCOUNTED PAYOUT, YRS.	4.20		12.00		927.754
DISCOUNTED PAYOUT, YRS.	5.20		15.00		623.970
UNDISCOUNTED NET/INVEST.	2.95		18.00		395.961
DISCOUNTED NET/INVEST.	1.59		20.00		273.987
RATE-OF-RETURN, PCT.	26.29		30.00		-120.359
INITIAL W.I., PCT.	37.110		60.00		-509.357
			80.00		-574.676
			100.00		-593.529

3-2S-163-102	DATE	:	03/18/2013
163N 102W 35	TIME	:	13:54:20
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
6POS	SCENARIO	:	MHA13

��

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		79.048		67.157		14.513		12.330		81.850		3.500		1187.908		43.155		1231.063
12-2015		46.972		34.156		8.624		6.271		81.850		3.500		705.877		21.949		727.826
12-2016		36.126		22.474		6.633		4.126		81.850		3.500		542.888		14.442		557.330
12-2017		30.484		16.241		5.597		2.982		81.850		3.500		458.100		10.436		468.536
12-2018		26.870		12.264		4.933		2.252		81.850		3.500		403.798		7.881		411.679
12-2019		24.300		9.503		4.462		1.745		81.850		3.500		365.177		6.107		371.284
12-2020		22.351		7.490		4.104		1.375		81.850		3.500		335.889		4.813		340.702
12-2021		20.807		5.975		3.820		1.097		81.850		3.500		312.688		3.839		316.527
12-2022		19.545		4.809		3.589		0.883		81.850		3.500		293.719		3.091		296.810
12-2023		18.488		3.899		3.394		0.716		81.850		3.500		277.829		2.505		280.334
12-2024		17.557		3.173		3.223		0.583		81.850		3.500		263.841		2.039		265.880
12-2025		16.679		2.583		3.062		0.474		81.850		3.500		250.649		1.660		252.309
12-2026		15.845		2.103		2.909		0.386		81.850		3.500		238.117		1.352		239.469
12-2027		15.053		1.712		2.764		0.314		81.850		3.500		226.211		1.100		227.311
S TOT		390.127		193.540		71.627		35.534		81.850		3.500		5862.692		124.369		5987.061
AFTER		154.873		7.174		28.435		1.317		81.850		3.500		2327.383		4.610		2331.993
TOTAL		545.000		200.713		100.062		36.851		81.850		3.500		8190.075		128.978		8319.053

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		1595.025		-1595.025		-1595.025		-1461.585
12-2014		0.000		137.966		39.275		0.000		0.000		0.000		1053.822		-541.203		-544.447
12-2015		0.000		81.866		30.861		0.000		0.000		0.000		615.099		73.896		-58.220
12-2016		0.000		62.886		27.551		0.000		0.000		0.000		466.893		540.789		276.926
12-2017		0.000		53.009		25.829		0.000		0.000		0.000		389.698		930.487		531.110
12-2018		0.000		46.684		24.726		0.000		0.000		0.000		340.268		1270.756		732.823
12-2019		0.000		42.187		23.941		0.000		0.000		0.000		305.155		1575.911		897.249
12-2020		0.000		38.778		23.346		0.000		0.000		0.000		278.577		1854.488		1033.692
12-2021		0.000		36.080		22.875		0.000		0.000		0.000		257.572		2112.060		1148.369
12-2022		0.000		33.875		22.490		0.000		0.000		0.000		240.445		2352.505		1245.682
12-2023		0.000		32.029		22.167		0.000		0.000		0.000		226.138		2578.643		1328.879
12-2024		0.000		30.406		21.883		0.000		0.000		0.000		213.592		2792.234		1400.317
12-2025		0.000		28.877		21.615		0.000		0.000		0.000		201.818		2994.052		1461.680
12-2026		0.000		27.426		21.361		0.000		0.000		0.000		190.682		3184.734		1514.387
12-2027		0.000		26.049		21.119		0.000		0.000		0.000		180.144		3364.878		1559.654
S TOT		0.000		678.118		349.039		0.000		0.000		1595.025		3364.878		3364.878		1559.654
AFTER		0.000		267.794		299.264		0.000		0.000		0.000		1764.935		5129.812		1806.375
TOTAL		0.000		945.912		648.303		0.000		0.000		1595.025		5129.813		5129.812		1806.375

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		100.062		36.851
NET REVENUE, M$		8190.075		128.978
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		18.360		18.360

		P.W. %		P.W., M$
LIFE, YRS.	30.25		5.00		2893.085
DISCOUNT %	10.00		10.00		1806.375
UNDISCOUNTED PAYOUT, YRS.	2.88		12.00		1523.948
DISCOUNTED PAYOUT, YRS.	3.17		15.00		1196.054
UNDISCOUNTED NET/INVEST.	4.22		18.00		948.085
DISCOUNTED NET/INVEST.	2.24		20.00		814.403
RATE-OF-RETURN, PCT.	49.30		30.00		372.948
INITIAL W.I., PCT.	22.950		60.00		-108.034
			80.00		-215.641
			100.00		-268.139

BLANK 15-34	DATE	:	03/18/2013
164N 102W 34	TIME	:	13:54:20
THREE FORKS	DBS	:	MHA
AMERICAN EAGLE ENERGY CO	SETTINGS	:	SETDATA
6POS	SCENARIO	:	MHA13

RESERVES AND ECONOMICS

AS OF DATE: 01/2013

END	GROSS OIL		GROSS GAS		NET OIL		NET GAS		NET OIL		NET GAS		NET		NET		TOTAL
MO-YEAR	PRODUCTION		PRODUCTION		PRODUCTION		PRODUCTION		PRICE		PRICE		OIL SALES		GAS SALES		NET SALES
	MBBLS		MMCF		MBBLS		MMCF		$/BBL		$/MCF		M$		M$		M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		74.233		63.371		24.319		20.760		81.850		3.500		1990.483		72.661		2063.144
12-2015		48.405		35.664		15.858		11.683		81.850		3.500		1297.945		40.892		1338.837
12-2016		36.753		23.162		12.040		7.588		81.850		3.500		985.488		26.557		1012.045
12-2017		30.856		16.652		10.108		5.455		81.850		3.500		827.362		19.093		846.455
12-2018		27.123		12.540		8.886		4.108		81.850		3.500		727.286		14.378		741.665
12-2019		24.487		9.700		8.022		3.178		81.850		3.500		656.591		11.122		667.713
12-2020		22.496		7.636		7.370		2.502		81.850		3.500		603.213		8.755		611.968
12-2021		20.924		6.086		6.855		1.994		81.850		3.500		561.060		6.978		568.038
12-2022		19.642		4.896		6.435		1.604		81.850		3.500		526.675		5.614		532.288
12-2023		18.570		3.967		6.083		1.299		81.850		3.500		497.927		4.548		502.475
12-2024		17.632		3.228		5.776		1.057		81.850		3.500		472.792		3.701		476.493
12-2025		16.751		2.628		5.488		0.861		81.850		3.500		449.153		3.013		452.166
12-2026		15.913		2.140		5.213		0.701		81.850		3.500		426.695		2.453		429.149
12-2027		15.117		1.742		4.952		0.571		81.850		3.500		405.360		1.997		407.358
S TOT		388.902		193.410		127.404		63.361		81.850		3.500		10428.028		221.764		10649.793
AFTER		156.098		7.303		51.138		2.393		81.850		3.500		4185.631		8.374		4194.006
TOTAL		545.000		200.713		178.542		65.754		81.850		3.500		14613.659		230.138		14843.799

END	AD VALOREM		PRODUCTION		DIRECT OPER		INTEREST		CAPITAL		EQUITY		FUTURE NET		CUMULATIVE		CUM. DISC.
MO-YEAR	TAX		TAX		EXPENSE		PAID		REPAYMENT		INVESTMENT		CASHFLOW		CASHFLOW		CASHFLOW
	M$		M$		M$		M$		M$		M$		M$		M$		@ 10% M$
12-2013		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000		0.000
12-2014		0.000		231.189		65.000		0.000		0.000		2846.025		-1079.070		-1079.070		-1057.121
12-2015		0.000		150.549		55.847		0.000		0.000		0.000		1132.441		53.371		-161.793
12-2016		0.000		114.166		49.501		0.000		0.000		0.000		848.379		901.750		447.226
12-2017		0.000		95.747		46.289		0.000		0.000		0.000		704.420		1606.169		906.703
12-2018		0.000		84.090		44.256		0.000		0.000		0.000		613.318		2219.488		1270.290
12-2019		0.000		75.857		42.820		0.000		0.000		0.000		549.035		2768.522		1566.127
12-2020		0.000		69.645		41.736		0.000		0.000		0.000		500.587		3269.109		1811.310
12-2021		0.000		64.741		40.880		0.000		0.000		0.000		462.417		3731.526		2017.189
12-2022		0.000		60.744		40.182		0.000		0.000		0.000		431.362		4162.889		2191.771
12-2023		0.000		57.405		39.598		0.000		0.000		0.000		405.473		4568.361		2340.948
12-2024		0.000		54.487		39.087		0.000		0.000		0.000		382.919		4951.280		2469.018
12-2025		0.000		51.747		38.607		0.000		0.000		0.000		361.812		5313.092		2579.028
12-2026		0.000		49.147		38.151		0.000		0.000		0.000		341.851		5654.943		2673.519
12-2027		0.000		46.679		37.717		0.000		0.000		0.000		322.961		5977.904		2754.674
S TOT		0.000		1206.193		619.671		0.000		0.000		2846.025		5977.904		5977.904		2754.674
AFTER		0.000		481.611		537.105		0.000		0.000		0.000		3175.290		9153.194		3197.640
TOTAL		0.000		1687.804		1156.776		0.000		0.000		2846.025		9153.194		9153.194		3197.640

	OIL		GAS
GROSS WELLS		1.0		0.0
GROSS ULT., MB & MMF		545.000		200.713
GROSS CUM., MB & MMF		0.000		0.000
GROSS RES., MB & MMF		545.000		200.713
NET RES., MB & MMF		178.542		65.754
NET REVENUE, M$		14613.659		230.138
INITIAL PRICE, $		81.850		3.500
INITIAL N.I., PCT.		32.760		32.760

		P.W. %		P.W., M$
LIFE, YRS.	30.33		5.00		5141.224
DISCOUNT %	10.00		10.00		3197.640
UNDISCOUNTED PAYOUT, YRS.	2.95		12.00		2693.642
DISCOUNTED PAYOUT, YRS.	3.27		15.00		2109.423
UNDISCOUNTED NET/INVEST.	4.22		18.00		1668.508
DISCOUNTED NET/INVEST.	2.24		20.00		1431.238
RATE-OF-RETURN, PCT.	49.31		30.00		651.065
INITIAL W.I., PCT.	40.950		60.00		-185.362
			80.00		-366.378
			100.00		-451.592