EXHIBIT 99.1
LEXINGTON RESOURCES, INC.
7473 West Lake Mead Road
Las Vegas, NV 89128
ARKOMA BASIN & NORTH TEXAS
WELLS & UNDEVELOPED LEASEHOLD
YEAR-END 2005
RESERVES AND ECONOMIC EVALUATION
Prepared: January 6, 2006
Effective: January 1, 2006
By:
John Paul (J.P.) Dick, P.E.
Pinnacle Energy Services, LLC
6 NE 63rd Street, Suite 260, Oklahoma City, OK 73105
Ofe: 405-810-9151 Fax: 405-843-4700 www.pinnacleenergy.com
TABLE OF CONTENTS
LEXINGTON RESOURCES, INC.
YEAR-END 2005 - ARKOMA & NORTH TEXAS
1 Report and Summary Listings
Executive Summary of Reserves and Values
Exhibit "A: - Well List with locations & Lexington Interests
Exhibit "B" - Leasehold Listing
2 Economic and Reserve Evaluation Results
One-Line Economic Results & Reserves Summary by Well
Reserves and Economics Details - By Well, Rsv, Category & State
3 Individual Well Graphs
Rate-Time Historical and Forecasted Production Graphs
(Monthly; plus Daily basis on Horizontal Hartshorne Wells)
January 6, 2006
Lexington Resources, Inc.
7473 West Lake Mead Road
Las Vegas, NV 89128
RE: Arkoma/North TX Asset Evaluation
Effective: January 1, 2005
EXECUTIVE SUMMARY
Several producing and non-producing assets of Lexington Resources, Inc.
("Lexington") were evaluated as January 1, 2006. Included in the assets are nine
producing wells in the Arkoma Basin of Eastern Oklahoma, approximately 7,506
acres of undeveloped leasehold in Hughes and McIntosh Counties in Eastern
Oklahoma, and approximately 3,240 acres of undeveloped leasehold in the five
north Texas Counties of Hood, Jack, Palo Pinto, Parker and Tarrant.
Six of the producing wells are operated horizontal Hartshorne Coal wells, two
are shallow Gilcrease and Savannah producers, and one is a non-operated Woodford
shale producer. The Arkoma undeveloped leasehold is located in fifty (50)
sections located in seven townships between 4N-11E to 9N-14E. The leasehold is
primarily limited to the Hartshorne and shallower intervals and is generally in
an active and multi-horizon production area. Seven Leases comprise the North
Texas leasehold which is primarily for Barnett Shale (horizontal) development,
but has other uphole secondary targets as well. A portion of the acreage is
nearby commercial activity, while most of the acreage is in areas of likely
future activity. The attached Exhibits A and B lists the wells and leasehold
acreage, respectively.
Due to several factors, this is currently considered as a "preliminary"
evaluation to be supplemented within 2-4 weeks. Operations to increase
production on several of the existing Hartshorne wells is scheduled for January,
2006, to include but not limited to additional stimulations, tubing depth
changes, and plunger installations. XXXXXX. Additional time will also allow more
investigation, identification and evaluation of potential additional Hartshorne
wells to be drilled on the Arkoma undeveloped leasehold as well as the Barnett
Shale development in Texas.
The economic evaluation was performed using a year-end SEC pricing adjusted for
gathering, contract, compression, etc. estimates. Operating expense data was
provided by Lexington and average monthly cost of approximately $1,000 per well
per month were applied to the Oklahoma producing wells, held constant. Capital
costs for new horizontal Hartshorne wells was estimated at $500,000 per well.
For the undeveloped Texas assets, operating expenses of $XXXX per well per month
were applied to account for water, compressions, etc. Capital expenses for
drilling, completing and equipping a horizontal Barnett Shale well was estimated
to be $XXXXXXX. A summary of the proven results are as below (volumes in MMcf,
values in M$), while a discussion of leasehold value for non-proven assets
follows.
Gross Gross Net Total Net BFIT Other BFIT
Asset EUR Rem'gGas Rem'g Gas Cash flow PV 10% PV %
___________________ _____ ________ _________ _________ ______ __________
OK, 9 PDP wells 2,339 1,618 622 3,918 2,826 10%
OK, 5PUD 1,970 1,970 745 4,126 2,572 1,808 20%
Total Oklahoma 4,309 3,587 1,367 8,044 5,398
TX, Barnett 6 PUD 8,889 8,889 6,222 29,462 15,074 8,987 20%
TX, Barnett 16 Prob XXXXX XXXXX XXXXX XXXXXX XXXXXX XXXXX XXX
Total Texas XXXXX XXXXX XXXXX XXXXXX XXXXXX XXXXX XXX
GRAND TOTAL XXXXX XXXXX XXXXX XXXXXX XXXXXX XXXXX XXX
Five PUDS were forecasted in the Coal Creek area of 5N-11E offsetting existing
horizontal Hartshorne wells. Although likely, no other drilling was forecasted
for the undeveloped leasehold in Eastern Oklahoma at this time in this
evaluation. Additional work will be performed to determine how many more wells
can be identified and forecasted. The location of these leases in a producing
region and proximity to producing wells allows for a current valuing of the
assets by assessing a reasonable acreage value. Current leasehold in the area
ranges from $150 to $500 per acre. The Panther Creek area of 4N-11E was valued
at XXX$/acre, the Coal Creek area valued at XXX$/acre, and the remaining H-9
area (8N-12E to 9N-14) was valued at XXX$/acre. The total acreage is currently
estimated to have a value of at least $XXXXXXX for the 7,506.52 acres.
Development drilling of the Barnett Shale on a 120 acre per well basis was
performed on the Texas Acreage. Three leases (Oliver, Martin, Riley) totaling
1,108.66 acres have known producing offset Barnett Shale wells and six PUD wells
were identified. A present value, discounted at 20% for these wells is 8.99 $MM,
or approximately 8,100$/acre.
The remaining 2,130.37 acres also have Barnett Shale potential of 16 wells and
19+ Bcf but don't have any (known) current offset horizontal wells by which to
form a Proven Undeveloped basis. Uphole potential in other formations
(Conglomerate, Strawn), their location in the basin and trending Barnett Shale
activity leads the value of these leases to be estimated at $XXXX per acre (X.XX
$MM). Value of these leases will increase or decrease depending on future
activity in and around these leases.
Total Asset Value is currently estimated to be approximately 17,800 M$ using the
following parameters.
State Description PV,MS
_________ ________________________________________ _____
Oklahoma: 9 Wells, PDP @ PV 10% 2,826
5 PUDs @ PV 20% 1,808
Undeveloped Leasehold (7,506.52 acres) XXXXX
Texas: 6 PUDs @ PV 20% (1,109acres) 8,987
16 Prob Locations @ PV 40% (2,130 acres) XXXXX
______
TOTAL XXXXMS
As stated earlier, additional well work and development evaluations will likely
increase the overall asset value.
PRICING ASSUMPTIONS
A December 31, 2005 SEC price was adjusted for Index differential and other
deductions and applied at a constant rate. The year ending NYMEX gas price was
approximately 11.58$MMBtu with most Oklahoma/Texas natural gas Index prices at
approximately 8.70$/Mcf. This price was adjusted by 050 S/Mcf to arrive at an
estimated wellhead price for all properties. This is different than the 10% off
NYMEX calculated for 2005 for existing wells, but the high year-end differential
caused a different pricing to be applied. A 3.00 S/BBI adjustment was applied to
the oil pricing of 61.63 S/BBI, held flat.
FIELD/RESERVOIR COMMENTS
Six of the existing wells are Hartshorne Coal horizontal producers. Monthly and
daily production data was used with analogy declines to forecast future
production. Four of the wells are located in Sec 2-8N-17E while two are located
in sections 34-6N-11E and 10-5N-11E. Combined, the six wells are producing at a
rate of approximately 900 Mcf/d, but field activities scheduled in January 2006
may increase production significantly. A follow-up evaluation after well work is
concluded will likely increase the value of these wells. Five proven undeveloped
locations were identified at this time in the Coal Creek area including a
re-entry of a horizontal wellbore previously drilled in Section 15 near the
Brumbaugh 1-10.
Much of the undeveloped leasehold in Oklahoma is adjacent to or contains wells
producing from Booch, Cromwell, Gilcrease, Bartlesville, Hartshorne sands, and
other intervals. Most but not all on the leasehold is limited to depths ranging
from the surface to the base of the Hartshorne Coal. Expirations occur in
varying months of 2006 and 2007. Additional mapping and reservoir evaluation is
ongoing to identify additional wells to be drilled in 2006 and 2007. The
undeveloped value of these wells will likely increase the value significantly
above the current valuation using the $/acre method.
Barnett Shale development on the Texas leasehold is scheduled to begin in early
2006 and continue at the rate of approximately 8-10 wells per year. XXXXX.
Approximately 1/3 of the leasehold is adjacent or nearby commercially producing
Barnett Shale producers. The remaining 2/3rds of the leasehold is in the area
identified as likely productive but have not been developed to the extent of
other areas.
GENERAL
The reserves and values included in this report are estimates only and should
not be construed as being exact quantities. The reserve estimates were performed
using accepted engineering practices and were primarily based on historical rate
decline and material balance analysis for existing producers. As additional
pressure and production performance data becomes available, reserve estimates
may increase or decrease in the future. The revenue from such reserves and the
actual costs related may be more or less than the estimated amounts. Because of
governmental policies and uncertainties of supply and demand, the prices
actually received for the reserves included in this report and the costs
incurred in recovering such reserves may vary from the price and cost
assumptions referenced. Therefore, in all cases, estimates of reserves may
increase or decrease as a result of future operations.
In evaluation the information available for this analysis, items excluded from
consideration were all matters as to which legal or accounting, rather than
engineering interpretation may be controlling. As in all aspects of oil and gas
evaluation, there are uncertainties inherent in the interpretation of
engineering data and such conclusions necessarily represent only informed
professional judgments.
The titles to the properties have not been examined nor has the actual degree or
type of interest owned been independently confirmed. A field inspection of the
properties in not usually considered necessary for the purpose of this report.
Attached for your review are the following schedules, graphs, and additional
back-up information:
o One-Line (by-well) Results Summary from Economic Evaluation
o Economic and Reserve Detail Results - For each well and category
totals
o Rate-Time Historical and Forecasted Production Graphs for each well
Additional information reviewed, including production data, pressure data, log
data, maps, etc., will be retained and is available for review at any time.
Should you have any question or require any additional information, please
advise.
John Paul (J.P.) Dick, P.E.
Petroleum Engineer
ECONOMIC RESULTS
EXHIBIT A
____________________________________________________________________________________________________________________________________
Well S T R Country St Field Zone Rsv Cat WI % NI %
____________________________________________________________________________________________________________________________________
BRYCE 3-2 (H) 2 8N 17E PITTSBURG OK PITTSBURG CTY CBM HARTSHORNE 1PDP 80.0000 60.5625
CALEIGH 4-2 (H) 2 8N 17E PITTSBURG OK PITTSBURG CTY CBM HARTSHORNE 1PDP 80.0000 60.5625
Kellster 1-2 2 8N 17E PITTSBURG OK PITTSBURG COUNTY CBM GAS HARTSHORNE 1PDP 80.0000 60.5625
Kkyndal 2-2 (H) 2 8N 17E PITTSBURG OK PITTSBURG CTY CBM HARTSHORNE 1PDP 80.0000 60.5625
BRAUMBAUGH 1-10 10 5N 11E HUGHES OK HILL TOP (HARTSHORNE) HARTSHORNE 1PDP 18.8889 14.9222
LEX 1-34 34 6N 11E HUGHES OK TANDY EAST (HARTSHORNE) HARTSHORNE 1PDP 42.5781 33.6385
BETSEY 1-23 23 8N 12E HUGES OK CARSON EAST (GLCR-SVNN) GILCREASE- 1PDP 90.0000 70.0000
SAVANNAH
FIX 1-14 14 8N 12E HUGES OK CARSON (GILCREASE) GILCREASE 1PDP 90.0000 70.0000
POE 1-29 29 4N 11E HUGES OK UNNAMED WOODFORD 1PDP 25.1953 20.4712
ELLIS 1-15 (PUD) 15 5N 11E HUGHES OK HILL TOP(HARTSHORNE) HARTSHORNE 3PUD 87.9690 69.4950
BRUMBAUGH 2-10 (PUD) 10 5N 11E HUGHES OK HILL TOP(HARTSHORNE) HARTSHORNE 3PUD 18.8889 14.9222
LEX 2-34 (PUD) 34 6N 11E HUGHES OK HILL TOP(HARTSHORNE) HARTSHORNE 3PUD 42.5781 33.6385
LEX 3-34 (PUD) 34 6N 11E HUGHES OK HILL TOP(HARTSHORNE) HARTSHORNE 3PUD 42.5781 33.6385
ANDERSON 1-14 (PUD) 14 5N 11E HUGHES OK HILL TOP(HARTSHORNE) HARTSHORNE 3PUD 50.8591 38.1443
MARTIN BARNETT 1 (PUD) PARKER TX East Newark Field-FW Basin BARNETT SHALE 3PUD 100.0000 70.0000
OLIVER BARNETT 1 (PUD) TARRENT TX East Newark Field-FW Basin BARNETT SHALE 3PUD 100.0000 70.0000
OLIVER BARNETT 2 (PUD) TARRENT TX East Newark Field-FW Basin BARNETT SHALE 3PUD 100.0000 70.0000
RILEY BARNETT 1 (PUD JACK TX East Newark Field-FW Basin BARNETT SHALE 3PUD 100.0000 70.0000
RILEY BARNETT 2 (PUD JACK TX East Newark Field-FW Basin BARNETT SHALE 3PUD 100.0000 70.0000
RILEY BARNETT 3 (PUD JACK TX East Newark Field-FW Basin BARNETT SHALE 3PUD 100.0000 70.0000
BERRY BARNETT 1 (PROB) JACK TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
BERRY BARNETT 2 (PROB) JACK TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
BERRY BARNETT 3 (PROB) JACK TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
GILBERT BARNETT 1 (PROB) PALO PINTO TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
GILBERT BARNETT 2 (PROB) PALO PINTO TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
GILBERT BARNETT 3 (PROB) PALO PINTO TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
GILBERT BARNETT 4 (PROB) PALO PINTO TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
GILBERT BARNETT 5 (PROB) PALO PINTO TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
GILBERT BARNETT 6 (PROB) PALO PINTO TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
GILBERT BARNETT 7 (PROB) PALO PINTO TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
GILBERT BARNETT 8 (PROB) PALO PINTO TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
RILEY BARNETT 4 (PROB) JACK TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
SULLIVAN BARNETT 1 (PROB) HOOD TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
SULLIVAN BARNETT 2 (PROB) HOOD TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
UNDERWOOD BARNETT 1 (PROB) HOOD TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
UNDERWOOD BARNETT 3 (PROB) HOOD TX East Newark Field-FW Basin BARNETT SHALE 4PROB 100.0000 70.0000
EXHIBIT B
Lexington Acreage
____________________________________________________________________________________________________________________________________
Section Grand Estimated Estimated
Location (S-T-R) Total (OK) Total State $/Ac Value
____________________________________________________________________________________________________________________________________
5-4N-11E 20.000100 Hughes, OK 150 $ 3,000 Panther Creek
____________________________________________________________________________________________________________________________________
10-4N-11E 70.000200 Hughes, OK 150 $ 10,500
____________________________________________________________________________________________________________________________________
15-4N-11E 1.714200 Hughes, OK 150 $ 257
____________________________________________________________________________________________________________________________________
20-4N-11E 26.000000 Hughes, OK 150 $ 3,900
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
6-5N-11E 87.310354 Hughes, OK 400 $ 34,924 Cold Creek
____________________________________________________________________________________________________________________________________
14-5N-11E 328.498430 Hughes, OK 400 $ 131,399
____________________________________________________________________________________________________________________________________
15-5N-11E 542.921917 Hughes, OK 400 $ 217,169
____________________________________________________________________________________________________________________________________
17-5N-11E 22.000000 Hughes, OK 400 $ 8,800
____________________________________________________________________________________________________________________________________
22-5N-11E 239.044133 Hughes, OK 400 $ 95,618
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
23-7N-11E 320.000000 Hughes, OK 250 $ 80,000 H-9 Area
____________________________________________________________________________________________________________________________________
24-7N-11E 320.000000 Hughes, OK 250 $ 80,000
____________________________________________________________________________________________________________________________________
25-7N-11E 320.000000 Hughes, OK 250 $ 80,000
____________________________________________________________________________________________________________________________________
7-8N-12E 36.125000 Hughes, OK 250 $ 9,031
____________________________________________________________________________________________________________________________________
7-8N-12E 5.000000 Hughes, OK 250 $ 1,250
____________________________________________________________________________________________________________________________________
8-8N-12E 8.333300 Hughes, OK 250 $ 2,083
____________________________________________________________________________________________________________________________________
30-8N-12E 6.926410 Hughes, OK 250 $ 1,732
____________________________________________________________________________________________________________________________________
3-9N-12E 20.000000 Hughes, OK 250 $ 5,000
____________________________________________________________________________________________________________________________________
4-9N-12E 55.000000 Hughes, OK 250 $ 13,750
____________________________________________________________________________________________________________________________________
11-9N-12E 258.918750 Hughes, OK 250 $ 64,730
____________________________________________________________________________________________________________________________________
12-9N-12E 42.000000 Hughes, OK 250 $ 10,500
____________________________________________________________________________________________________________________________________
15-9N-12E 470.178550 Hughes, OK 250 $ 117,545
____________________________________________________________________________________________________________________________________
17-9N-12E 35.000000 Hughes, OK 250 $ 8,750
____________________________________________________________________________________________________________________________________
18-9N-12E 360.000000 Hughes, OK 250 $ 90,000
____________________________________________________________________________________________________________________________________
20-9N-12E 30.000000 Hughes, OK 250 $ 7,500
____________________________________________________________________________________________________________________________________
21-9N-12E 100.000000 Hughes, OK 250 $ 25,000
____________________________________________________________________________________________________________________________________
22-9N-12E 585.416660 Hughes, OK 250 $ 146,354
____________________________________________________________________________________________________________________________________
27-9N-12E 160.000000 Hughes, OK 250 $ 40,000
____________________________________________________________________________________________________________________________________
28-9N-12E 289.583270 Hughes, OK 250 $ 72,396
____________________________________________________________________________________________________________________________________
30-9N-12E 205.000000 Hughes, OK 250 $ 51,250
____________________________________________________________________________________________________________________________________
33-9N-12E 167.000000 Hughes, OK 250 $ 41,750
____________________________________________________________________________________________________________________________________
35-9N-12E 52.499990 Hughes, OK 250 $ 13,125
____________________________________________________________________________________________________________________________________
1-9N-13E 237.983850 McIntosh, OK 250 $ 59,496
____________________________________________________________________________________________________________________________________
2-9N-13E 172.099380 McIntosh, OK 250 $ 43,025
____________________________________________________________________________________________________________________________________
4-9N-13E 68.259250 McIntosh, OK 250 $ 17,065
____________________________________________________________________________________________________________________________________
6-9N-13E 189.060000 McIntosh, OK 250 $ 47,265
____________________________________________________________________________________________________________________________________
7-9N-13E 55.305000 McIntosh, OK 250 $ 13,826
____________________________________________________________________________________________________________________________________
9-9N-13E 315.000000 McIntosh, OK 250 $ 78,750
____________________________________________________________________________________________________________________________________
10-9N-13E 141.544110 McIntosh, OK 250 $ 35,386
____________________________________________________________________________________________________________________________________
11-9N-13E 102.500000 McIntosh, OK 250 $ 25,625
____________________________________________________________________________________________________________________________________
12-9N-13E 5.000000 McIntosh, OK 250 $ 1,250
____________________________________________________________________________________________________________________________________
15-9N-13E 232.801770 McIntosh, OK 250 $ 58,200
____________________________________________________________________________________________________________________________________
16-9N-13E 249.374960 McIntosh, OK 250 $ 62,344
____________________________________________________________________________________________________________________________________
19-9N-13E 72.512520 McIntosh, OK 250 $ 18,128
____________________________________________________________________________________________________________________________________
22-9N-13E 85.000000 McIntosh, OK 250 $ 21,250
____________________________________________________________________________________________________________________________________
23-9N-13E 5.000000 McIntosh, OK 250 $ 1,250
____________________________________________________________________________________________________________________________________
36-9N-13E 18.570000 McIntosh, OK 250 $ 4,643
____________________________________________________________________________________________________________________________________
1-9N-14E 26.666640 McIntosh, OK 250 $ 6,667
____________________________________________________________________________________________________________________________________
11-9N-14E 296.666640 McIntosh, OK 250 $ 74,167
____________________________________________________________________________________________________________________________________
12-9N-14E 10.000000 McIntosh, OK 250 $ 2,500
____________________________________________________________________________________________________________________________________
16-9N-14E 38.702860 McIntosh, OK 7,506.52 OK 250 $ 9,676
____________________________________________________________________________________________________________________________________
7,506.518244 $2,047,826
____________________________________________________________________________________________________________________________________
Underwood Lease Hood 220.00 XXXX $ XXXXXXX
____________________________________________________________________________________________________________________________________
Sullivan Lease Hood 238.93 XXXX $ XXXXXXX
____________________________________________________________________________________________________________________________________
Berry Lease Jack 460.00 XXXX $ XXXXXXX
____________________________________________________________________________________________________________________________________
Gilbert Lease Palo Pinto 1,211.45 XXXX $ XXXXXXX $ XXXXXXX
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
Riley Lease P Jack 654.74 XXXX $ XXXXXXX
____________________________________________________________________________________________________________________________________
Martin/Cantrell P Parket 142.00 XXXX $ XXXXXXX
____________________________________________________________________________________________________________________________________
Oliver Lease P Tarrant 311.92 3,239.03 TX XXXX $ XXXXXXX $ XXXXXXX
____________________________________________________________________________________________________________________________________
3,239.04 $ XXXXXXX
____________________________________________________________________________________________________________________________________
3,239.04 10,745.55 $ XXXXXXX
____________________________________________________________________________________________________________________________________
LEXINGTON RESOURCES, INC DATE: 01/07/06
ECONOMICS AND RESERVES EVAL 1/1/06 TIME: 16:49:47
PROPERTIES; ARKOMA & BARNETT SHALE PAGE: 1
RESERVE AND ECONOMIC SUMMARY
AS OF WORKING NET OIL GAS GROSS GROSS NET NET REVENUE OPER. TOTAL
DATE INT INT EUR EUR REM OIL REM GAS OIL GAS TO INT. EXPENSE INVEST.
LEASE NAME M/Y-- (DEC) (DEC) MB MMF MB MMF MB MMF N$ M$ M$
BETSEY 1-23 1/06 0.90000 0.70000 0.0 185.7 0.00 0.8 0.00 0.6 4.45 4.1 0.0
FIX 1-14 1/06 0.90000 0.70000 0.0 36.0 0.00 0.3 0.00 0.2 1.85 1.8 0.0
POE 1-29 1/06 0.25195 0.20471 0.0 171.0 0.00 120.3 0.00 24.6 187.54 52.6 0.0
BRAUMBAUGH 1-10 1/06 0.18889 0.14922 0.0 666.1 0.00 599.8 0.00 89.5 681.81 51.2 0.0
BRYCE 3-2 (H) 1/06 0.80000 0.60563 0.0 268.1 0.00 182.1 0.00 110.3 839.94 164.8 0.0
CALEIGH 4-2 (H) 1/06 0.80000 0.60563 0.0 240.5 0.00 193.2 0.00 117.0 891.38 179.2 0.0
KELLSTER 1-2 1/06 0.80000 0.60563 0.0 439.2 0.00 280.1 0.00 169.6 1292.31 169.6 0.0
KYNDAL 2-3 (H) 1/06 0.80000 0.60563 0.0 164.9 0.00 107.2 0.00 64.9 494.59 138.4 0.0
LEX 1-34 1/06 0.42578 0.33639 0.0 167.4 0.00 133.8 0.00 45.0 342.93 57.1 0.0
TOTAL TYPE: HARTSHORNE HORIZONTALS 0.00 1496.2 0.00 596.3 4542.96 760.3 0.0
TOTAL RSV_CAT: 1PDP - PROVEN PRODUCING 0.00 1617.6 0.00 621.7 4736.80 818.8 0.0
COAL CREEK 1-14 (PUD) 1/06 0.50859 0.38144 0.0 375.6 0.0 375.6 0.00 143.3 1091.46 136.8 254.3
BRAUMBAUGH 2-10 (PUD) 1/06 0.18889 0.14922 0.0 401.4 0.0 401.4 0.00 59.9 456.32 48.0 94.4
ELLIS 1-15 (PUD) 1/06 0.87969 0.69495 0.0 393.1 0.0 393.1 0.00 273.2 2081.27 152.2 219.9
LEX 2-34 (PUD) 1/06 0.42578 0.33639 0.0 409.2 0.0 409.2 0.00 137.6 1048.58 113.3 212.9
LEX 3-34 (PUD) 1/06 0.42578 0.33639 0.0 3903.4 0.0 390.4 0.00 131.3 1000.35 107.3 212.9
TOTAL RSV_CAT: 3PUD PROVEN UNDEVELOPED 0.0 1969.7 0.0 745.3 5677.98 557.6 994.4
TOTAL STATE: OK - ARKOMA 3587.3 0.0 1367.0 10414.78 1376.4 994.4
BFIT NET 10% DISC 15% DISC
INCOME NET INC NET INC
M$ M$ M$
BETSEY 1-23 0.40 0.39 0.38
FIX 1-14 0.05 0.04 0.04
POE 1-29 134.94 98.54 87.57
BRAUMBAUGH 1-10 630.62 420.87 363.95
BRYCE 3-2 (H) 675.14 504.97 451.52
CALEIGH 4-2 (H) 712.18 519.55 460.95
KELLSTER 1-2 1122.71 788.72 692.69
KYNDAL 2-3 (H) 356.19 272.27 244.87
LEX 1-34 285.88 220.28 198.57
TOTAL TYPE: HARTSHORNE HORIZONTALS 3782.72 2726.66 2412.55
TOTAL RSV_CAT: 1PDP - PROVEN PRODUCING 3918.11 2825.63 2500.54
COAL CREEK 1-14 (PUD) 700.35 401.02 324.68
BRAUMBAUGH 2-10 (PUD) 313.90 181.79 146.09
ELLIS 1-15 (PUD) 1709.16 1171.18 1002.40
LEX 2-34 (PUD) 722.44 420.98 340.30
LEX 3-34 (PUD) 680.16 397.48 320.53
TOTAL RSV_CAT: 3PUD PROVEN UNDEVELOPED 4126.01 2572.45 2134.00
TOTAL STATE: OK - ARKOMA 8044.12 5398.08 4634.54
LEXINGTON RESOURCES, INC DATE: 01/07/06
ECONOMICS AND RESERVES EVAL 1/1/06 TIME: 16:49:48
PROPERTIES; ARKOMA & BARNETT SHALE PAGE: 1
RESERVE AND ECONOMIC SUMMARY
AS OF WORKING NET OIL GAS GROSS GROSS NET NET REVENUE OPER.
DATE INT INT EUR EUR REM OIL REM GAS OIL GAS TO INT. EXPENSE
LEASE NAME M/Y (DEC) (DEC) MB MMF MB MMF MB MMF N$ M$----
MARTIN BARNETT 1 (PUD) 1/06 1.00000 0.70000 14.1 1876.7 14.08 1876.7 9.85 1313.7 10517.25 1598.0
OLIVER BARNETT 1 (PUD) 1/06 1.00000 0.70000 11.7 1563.7 11.73 1563.7 8.21 1094.6 8796.03 1442.0
OLIVER BARNETT 2 (PUD) 1/06 1.00000 0.70000 11.7 1563.8 11.73 1563.8 8.21 1094.7 8763.66 1442.0
RILEY BARNETT 1 (PUD) 1/06 1.00000 0.70000 9.7 1289.6 9.67 1289.6 6.77 902.7 7226.98 1286.0
RILEY BARNETT 2 (PUD) 1/06 1.00000 0.70000 9.7 1297.6 9.73 1297.6 6.81 908.3 7271.93 1292.0
RILEY BARNETT 3 (PUD) 1/06 1.00000 0.70000 9.7 1297.6 9.73 1297.6 6.81 908.3 7271.58 1292.0
TOTAL RSV_CAT: 3 PUD 66.67 8889.0 46.67 6222.3 49814.43 8352.2
BERRY BARNETT 1 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
BERRY BARNETT 2 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
BERRY BARNETT 3 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
GILBERT BARNETT 1 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
GILBERT BARNETT 2 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
GILBERT BARNETT 3 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
GILBERT BARNETT 4 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
GILBERT BARNETT 5 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
GILBERT BARNETT 6 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
GILBERT BARNETT 7 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
GILBERT BARNETT 8 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
RILEY BARNETT 4 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
SULLIVAN BARNETT 1 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
SULLIVAN BARNETT 2 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
UNDERWOOD BARNETT 1 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
UNDERWOOD BARNETT 3 (PROB) 1/06 1.00000 0.70000 X.X XXXX.X XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
TOTAL RSV_CAT: 4PROB XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
TOTAL STATE: TX XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
GRAND TOTAL XX.X XXXX.X X.XX XXX.X XXXX.XX XXXX.X
TOTAL BFIT NET 10% DISC 15% DISC
INVEST. INCOME NET INC NET INC
LEASE NAME M$ M$ M$ M$
MARTIN BARNETT 1 (PUD) 2000.0 6919.22 3672.53 2889.55
OLIVER BARNETT 1 (PUD) 2000.0 5321.00 2844.88 2222.68
OLIVER BARNETT 2 (PUD) 2000.0 5321.63 2800.18 2171.57
RILEY BARNETT 1 (PUD) 2000.0 3940.95 1925.56 1417.57
RILEY BARNETT 2 (PUD) 2000.0 3979.91 1930.60 1417.36
RILEY BARNETT 3 (PUD) 2000.0 3979.55 1900.10 1384.69
TOTAL RSV_CAT: 3 PUD 12000.0 29462.27 15073.86 11503.41
BERRY BARNETT 1 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
BERRY BARNETT 2 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
BERRY BARNETT 3 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
GILBERT BARNETT 1 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
GILBERT BARNETT 2 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
GILBERT BARNETT 3 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
GILBERT BARNETT 4 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
GILBERT BARNETT 5 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
GILBERT BARNETT 6 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
GILBERT BARNETT 7 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
GILBERT BARNETT 8 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
RILEY BARNETT 4 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
SULLIVAN BARNETT 1 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
SULLIVAN BARNETT 2 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
UNDERWOOD BARNETT 1 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
UNDERWOOD BARNETT 3 (PROB) XXXX.X XXXX.XX XXXX.XX XXXX.XX
TOTAL RSV_CAT: 4PROB XXXX.X XXXX.XX XXXX.XX XXXX.XX
TOTAL STATE: TX XXXX.X XXXX.XX XXXX.XX XXXX.XX
GRAND TOTAL XXXX.X XXXX.XX XXXX.XX XXXX.XX
Lease: BESTSEY 1-23 1-23 DATE: 01/07/06
Location: 23 8N 12E TIME: 16:46:26
County: Hughes State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS DRILLING OPER SETUP FILE: JPD06
Formation: GLCR - SVEN SEQ NUMBER: 30
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 0.834 0.000 0.584 0.00 8.200 4.785 0.340
12/7
12/8
12/9
12/10
12/11
12/12
12/13
12/14
12/15
12/16
12/17
12/18
12/19
12/20
S TOT 0.000 0.834 0.000 0.584 0.00 8.200 4.785 0.340
AFTER
TOTAL 0.000 0.834 0.000 0.584 0.00 8.200 4.785 0.340
CUM. 0.000 184.873 NET OIL REVENUES (M$) 0.000
NET GAS REVENUE (M$) 4.785
ULT. 0.000 158.707 TOTAL REVENUES (M$) 4.785
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 0.750
BTAX PAYOUT YEARS 0.00 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.00 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 0.00 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 0.00 GROSS WELLS 1.000
INITIAL W.I. % 90.0000 INITIAL NET OIL % 0.0000
FINAL W.I. % 90.0000 FINAL NET OIL % 0.0000
PRODUCTION START DATE 12/5 INITIAL NET GAS % 70.0000
REPORT DATE 12/5 FINAL NET GAS % 69.9999
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
4.050 0.000 0.395 0.387
4.050 0.000 0.395 0.387
4.050 0.000 0.395 0.387
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 0.395 30.00 0.372
7.50 0.389 40.00 0.366
10.00 0.387 50.00 0.360
12.00 0.385 60.00 0.355
15.00 0.383 70.00 0.350
20.00 0.370 80.00 0.346
25.00 0.375 90.00 0.341
100.00 0.338
PLANT NET REVENUES (M$) 0.000
Lease: FIX 1-14 DATE: 01/07/06
Location: 14 8N 12E TIME: 16:46:26
County: Hughes State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: GILCREASE SEQ NUMBER: 29
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 0.346 0.000 0.242 0.00 8.200 1.986 0.141
12/7
12/8
12/9
12/10
12/11
12/12
12/13
12/14
12/15
12/16
12/17
12/18
12/19
12/20
S TOT 0.000 0.346 0.000 0.242 0.00 8.200 1.986 0.141
AFTER
TOTAL 0.000 0.346 0.000 0.242 0.00 8.200 1.986 0.141
CUM. 0.000 35.622 NET OIL REVENUES (M$) 0.000
NET GAS REVENUE (M$) 1.986
ULT. 0.000 35.968 TOTAL REVENUES (M$) 1.986
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 0.333
BTAX PAYOUT YEARS 0.00 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.00 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 0.00 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 0.00 GROSS WELLS 2.000
INITIAL W.I. % 90.0000 INITIAL NET OIL % 0.0000
FINAL W.I. % 90.0000 FINAL NET OIL % 0.0000
PRODUCTION START DATE 12/5 INITIAL NET GAS % 70.0000
REPORT DATE 12/5 FINAL NET GAS % 69.9999
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
1.800 0.000 0.045 0.044
1.800 0.000 0.045 0.044
1.800 0.000 0.045 0.044
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 0.045 30.00 0.044
7.50 0.045 40.00 0.043
10.00 0.044 50.00 0.043
12.00 0.044 60.00 0.043
15.00 0.044 70.00 0.043
20.00 0.044 80.00 0.042
25.00 0.044 90.00 0.042
100.00 0.042
PLANT NET REVENUES (M$) 0.000
Lease:POE 1-29 DATE: 01/07/06
Location: 29 4N-11E TIME: 16:46:26
County: Hughes State: OK DSS FILE: OAKHILLS
Operator: NEWFIELD SETUP FILE: JPD06
Zone: WOODFORD SEQ NUMBER: 32
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 25.114 0.000 5.141 0.00 8.200 42.157 2.993
12/7 0.000 16.230 0.000 3.323 0.00 8.200 27.245 1.934
12/8 0.000 12.335 0.000 2.525 0.00 8.200 20.707 1.470
12/9 0.000 10.084 0.000 2.064 0.00 8.200 16.928 1.202
12/10 0.000 8.597 0.000 1.760 0.00 8.200 14.432 1.025
12/11 0.000 7.533 0.000 1.542 0.00 8.200 12.645 0.898
12/12 0.000 6.730 0.000 1.378 0.00 8.200 11.297 0.802
12/13 0.000 6.099 0.000 1.248 0.00 8.200 10.238 0.727
12/14 0.000 5.589 0.000 1.144 0.00 8.200 9.382 0.666
12/15 0.000 5.169 0.000 1.058 0.00 8.200 8.676 0.616
12/16 0.000 4.782 0.000 0.979 0.00 8.200 8.027 0.570
12/17 0.000 4.423 0.000 0.905 0.00 8.200 7.425 0.527
12/18 0.000 4.091 0.000 8.380 0.00 8.200 6.868 0.488
12/19 0.000 3.480 0.000 0.712 0.00 8.200 5.842 0.415
12/20
S TOT 0.000 120.257 0.000 24.618 0.00 8.200 201.868 14.333
AFTER 0.000 0.000 0.000 0.000 0.00 0.000 0.000 0.000
TOTAL 0.000 120.257 0.000 24.618 0.00 8.200 201.868 14.333
CUM. 0.000 50.736 NET OIL REVENUES (M$) 0.000
NET GAS REVENUE (M$) 201.868
ULT. 0.000 170.993 TOTAL REVENUES (M$) 201.868
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 13.917
BTAX PAYOUT YEARS 0.00 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.00 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 0.00 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 0.00 GROSS WELLS 1.000
INITIAL W.I. % 25.1953 INITIAL NET OIL % 0.0000
FINAL W.I. % 25.1950 FINAL NET OIL % 0.0000
PRODUCTION START DATE 7/5 INITIAL NET GAS % 20.4711
REPORT DATE 7/5 FINAL NET GAS % 20.4711
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
3.779 0.000 35.384 33.919
3.779 0.000 21.531 52.645
3.779 0.000 15.457 64.557
3.779 0.000 11.949 73.434
3.779 0.000 9.628 79.716
3.779 0.000 7.968 84.442
3.779 0.000 6716.000 88.062
3.779 0.000 5.732 90.871
3.779 0.000 4.937 93.070
3.779 0.000 4.281 94.804
3.779 0.000 3.677 96.155
3.779 0.000 3.118 97.202
3.779 0.000 2.601 97.993
3.464 0.000 1.963 98.537
52.595 0.000 134.940 98.539
0.000 0.000 0.000 98.539
52.595 0.000 134.940 98.539
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 134.940 30.00 67.484
7.50 105.415 40.00 59.570
10.00 98.539 50.00 53.858
12.00 93.762 60.00 49.521
15.00 87.570 70.00 46.100
20.00 79.245 80.00 43.322
25.00 72.725 90.00 41.015
100.00 39.630
PLANT NET REVENUES (M$) 0.000
Lease:BRAUMBAUGH 1-10 DATE: 01/07/06
Location: 10 5N 11E TIME: 16:46:26
County: Hughes State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: HARTSHORNE SEQ NUMBER: 1
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 100.171 0.000 14.948 0.00 8.200 122.571 8.703
12/7 0.000 81.363 0.000 12.141 0.00 8.200 99.558 7.069
12/8 0.000 66.639 0.000 9.944 0.00 8.200 891.540 5.789
12/9 0.000 54.099 0.000 8.207 0.00 8.200 67.298 4.778
12/10 0.000 45.716 0.000 6.822 0.00 8.200 55.939 3.972
12/11 0.000 38.251 0.000 5.708 0.00 8.200 46.805 3.323
12/12 0.000 32.203 0.000 4.805 0.00 8.200 39.404 2.798
12/13 0.000 27.266 0.000 4.069 0.00 8.200 33.364 2.369
12/14 0.000 23.211 0.000 3.464 0.00 8.200 28.401 2.016
12/15 0.000 19.898 0.000 2.963 0.00 8.200 24.299 1.725
12/16 0.000 17.070 0.000 2.547 0.00 8.200 20.887 1.483
12/17 0.000 14.736 0.000 2.199 0.00 8.200 18.035 1.280
12/18 0.000 12.780 0.000 1.907 0.00 8.200 15.637 1.110
12/19 0.000 11.126 0.000 1.660 0.00 8.200 13.612 0.966
12/20 0.000 9.720 0.000 1.450 0.00 8.200 11.894 0.844
S TOT 0.000 555.111 0.000 82.835 0.00 8.200 679.245 48.226
AFTER 0.000 44.682 0.000 6.667 0.00 8.200 54.673 3.882
TOTAL 0.000 599.793 0.000 89.508 0.00 8.200 733.919 52.108
CUM. 0.000 66.329 NET OIL REVENUES (M$) 0.000
NET GAS REVENUE (M$) 733.919
ULT. 0.000 666.119 TOTAL REVENUES (M$) 733.919
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 22.583
BTAX PAYOUT YEARS 0.00 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.00 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 0.00 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 0.00 GROSS WELLS 1.000
INITIAL W.I. % 18.8889 INITIAL NET OIL % 0.0000
FINAL W.I. % 18.8889 FINAL NET OIL % 0.0000
PRODUCTION START DATE 12/5 INITIAL NET GAS % 14.9222
REPORT DATE 12/5 FINAL NET GAS % 14.9222
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
2.267 0.000 111.602 106.630
2.267 0.000 90.222 184.991
2.267 0.000 93.484 243.010
2.267 0.000 60.253 286.255
2.267 0.000 49.701 318.682
2.267 0.000 41.215 343.127
2.267 0.000 34.340 361.642
2.267 0.000 28.728 375.723
2.267 0.000 24.118 386.469
2.267 0.000 20.307 394.695
2.267 0.000 17.138 401.006
2.267 0.000 14.488 405.855
2.267 0.000 12.260 409.586
2.267 0.000 10.379 412.458
2.267 0.000 8.783 414.667
34.000 0.000 597.019 414.667
17.189 0.000 33.603 420.865
51.189 0.000 630.621 420.865
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 630.621 30.00 265.496
7.50 457.893 40.00 228.440
10.00 420.865 50.00 202.274
12.00 395.767 60.00 182.754
15.00 363.946 70.00 167.596
20.00 322.314 80.00 155.460
25.00 290.548 90.00 145.500
100.00 137.181
PLANT NET REVENUES (M$) 0.000
Lease: BRYCE 3 2 H DATE: 01/07/06
Location: 12 8N 17E TIME: 16:46:26
County: PITTSBURG State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: HARTSHORNE SEQ NUMBER: 4
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 39.156 0.000 56.714 0.00 8.200 194.452 13.806
12/7 0.000 28.592 0.000 17.316 0.00 8.200 141.991 10.081
12/8 0.000 21.628 0.000 13.980 0.00 8.200 107.408 7.626
12/9 0.000 16.827 0.000 10.191 0.00 8.200 83.566 5.933
12/10 0.000 13.396 0.000 8.113 0.00 8.200 66.528 4.723
12/11 0.000 10.871 0.000 6.584 0.00 8.200 53.985 3.833
12/12 0.000 8.965 0.000 5.429 0.00 8.200 44.521 3.161
12/13 0.000 7.496 0.000 4.540 0.00 8.200 37.226 2.643
12/14 0.000 6.343 0.000 3.842 0.00 8.200 31.502 2.237
12/15 0.000 5.424 0.000 3.285 0.00 8.200 26.938 1.973
12/16 0.000 4.682 0.000 2.835 0.00 8.200 23.250 1.651
12/17 0.000 4.074 0.000 2.467 0.00 8.200 20.231 1.436
12/18 0.000 3.571 0.000 2.163 0.00 8.200 17.734 1.259
12/19 0.000 3.151 0.000 1.908 0.00 8.200 15.648 1.111
12/20 0.000 2.797 0.000 1.694 0.00 8.200 13.893 0.986
S TOT 0.000 176.973 0.000 107.179 0.00 8.200 878.871 62.400
AFTER 0.000 5.086 0.000 3.080 0.00 8.200 25.259 1.793
TOTAL 0.000 182.059 0.000 110.260 0.00 8.200 904.130 64.193
CUM. 0.000 86.001 NET OIL REVENUES (M$) 0.000
NET GAS REVENUE (M$) 904.130
ULT. 0.000 268.061 TOTAL REVENUES (M$) 904.130
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 17.167
BTAX PAYOUT YEARS 0.00 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.00 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 0.00 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 0.00 GROSS WELLS 1.000
INITIAL W.I. % 80.0000 INITIAL NET OIL % 0.0000
FINAL W.I. % 80.0000 FINAL NET OIL % 0.0000
PRODUCTION START DATE 12/5 INITIAL NET GAS % 60.5625
REPORT DATE 12/5 FINAL NET GAS % 60.5625
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
9.600 0.000 171.046 163.601
9.600 0.000 122.310 269.922
9.600 0.000 90.182 341.174
9.600 0.000 68.033 390.033
9.600 0.000 52.205 424.112
9.600 0.000 40.552 448.176
9.600 0.000 31.760 465.308
9.600 0.000 24.983 477.559
9.600 0.000 19.665 486.326
9.600 0.000 15.426 492.578
9.600 0.000 11.999 496.999
9.600 0.000 9.195 500.080
9.600 0.000 6.875 502.175
9.600 0.000 4.937 503.543
9.600 0.000 3.304 504.375
144.000 0.000 672.471 504.375
20.800 0.000 2.665 504.972
164.800 0.000 675.137 504.972
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 675.137 30.00 349.877
7.50 537.873 40.00 308.322
10.00 504.972 50.00 277.818
12.00 481.850 60.00 254.409
15.00 451.522 70.00 235.830
20.00 410.032 80.00 220.692
25.00 376.919 90.00 208.096
100.00 197.433
PLANT NET REVENUES (M$) 0.000
Lease: CALEIGH 4-2 (8) DATE: 01/07/06
Location: 2 8N 17E TIME: 16:46:26
County: PITTSBURG State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: HARTSHORNE SEQ NUMBER: 5
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 38.035 0.000 23.035 0.00 8.200 188.888 13.411
12/7 0.000 28.600 0.000 17.321 0.00 8.200 142.027 10.084
12/8 0.000 22.144 0.000 13.411 0.00 8.200 109.971 7.808
12/9 0.000 17.559 0.000 10.634 0.00 8.200 87.202 6.191
12/10 0.000 14.201 0.000 8.601 0.00 8.200 70.526 5.007
12/11 0.000 11.679 0.000 7.073 0.00 8.200 57.997 4.118
12/12 0.000 9.741 0.000 5.900 0.00 8.200 48.377 3.435
12/13 0.000 8.226 0.000 4.982 0.00 8.200 40.851 2.960
12/14 0.000 7.021 0.000 4.252 0.00 8.200 34.868 2.476
12/15 0.000 6.050 0.000 3.664 0.00 8.200 30.044 2.133
12/16 0.000 5.257 0.000 3.184 0.00 8.200 26.105 1.853
12/17 0.000 4.602 0.000 2.787 0.00 8.200 22.653 1.623
12/18 0.000 4.056 0.000 2.456 0.00 8.200 20.142 1.430
12/19 0.000 3.596 0.000 2.179 0.00 8.200 17.860 1.268
12/20 0.000 3.207 0.000 1.941 0.00 8.200 15.924 1.131
S TOT 0.000 183.974 0.000 111.419 0.00 8.200 913.638 64.868
AFTER 0.000 9.237 0.000 5.594 0.00 8.200 45.870 3.257
TOTAL 0.000 193.211 0.000 117.013 0.00 8.200 959.509 68.125
CUM. 0.000 47.283 NET OIL REVENUES (M$) 0.000
NET GAS REVENUE (M$) 959.509
ULT. 0.000 240.493 TOTAL REVENUES (M$) 959.509
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 18.667
BTAX PAYOUT YEARS 0.00 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.00 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 0.00 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 0.00 GROSS WELLS 1.000
INITIAL W.I. % 80.0000 INITIAL NET OIL % 0.0000
FINAL W.I. % 80.0000 FINAL NET OIL % 0.0000
PRODUCTION START DATE 12/5 INITIAL NET GAS % 60.5625
REPORT DATE 12/5 FINAL NET GAS % 60.5625
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
9.600 0.000 165.877 158.614
9.600 0.000 122.345 264.943
9.600 0.000 92.563 338.063
9.600 0.000 71.410 389.339
9.600 0.000 55.919 425.837
9.600 0.000 44.279 452.108
9.600 0.000 35.342 471.170
9.600 0.000 28.351 485.071
9.600 0.000 22.793 495.230
9.600 0.000 18.311 502.650
9.600 0.000 14.652 508.048
9.600 0.000 11.631 511.943
9.600 0.000 9.112 514.718
9.600 0.000 6.992 516.654
9.600 0.000 5.194 517.962
144.000 0.000 704.770 517.962
619.553
35.200 0.000 7.414 519.553
179.200 0.000 712.840
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 712.184 30.00 352.003
7.50 556.084 40.00 308.378
10.00 519.553 50.00 276.675
12.00 494.087 60.00 252.525
15.00 460.946 70.00 233.467
20.00 416.085 80.00 218.010
25.00 380.672 90.00 205.195
100.00 194.382
PLANT NET REVENUES (M$) 0.000
Lease: KELLSTER 1 2 DATE: 01/07/06
Location: 2 8N 17E TIME: 16:46:26
County: PITTSBURG State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS DRILLING SETUP FILE: JPD06
Formation: HARTSHORNE SEQ NUMBER: 2
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 54.652 0.000 33.098 0.00 8.200 271.407 19.270
12/7 0.000 40.668 0.000 24.630 0.00 8.200 201.962 14.339
12/8 0.000 31.443 0.000 19.042 0.00 8.200 156.148 11.086
12/9 0.000 25.036 0.000 15.163 0.00 8.200 124.334 8.828
12/10 0.000 20.407 0.000 12.359 0.00 8.200 101.345 7.195
12/11 0.000 16.953 0.000 1.267 0.00 8.200 84.191 5.978
12/12 0.000 14.308 0.000 8.665 0.00 8.200 71.053 5.045
12/13 0.000 12.237 0.000 7.411 0.00 8.200 60.680 4.315
12/14 0.000 10.585 0.000 6.410 0.00 8.200 52.565 3.732
12/15 0.000 0.246 0.000 5.600 0.00 8.200 45.918 3.260
12/16 0.000 8.147 0.000 4.934 0.00 8.200 40.457 2.872
12/17 0.000 7.232 0.000 4.380 0.00 8.200 35.916 2.550
12/18 0.000 6.463 0.000 3.914 0.00 8.200 32.098 2.279
12/19 0.000 5.811 0.000 3.519 0.00 8.200 28.859 2.049
12/20 0.000 5.253 0.000 3.181 0.00 8.200 26.086 1.852
S TOT 0.000 268.441 0.000 162.574 0.00 8.200 1333.109 94.651
AFTER 0.000 11.672 0.000 7.069 0.00 8.200 57.962 4.115
TOTAL 0.000 280.112 0.000 169.643 0.00 8.200 1391.072 98.766
CUM. 0.000 159.089 NET OIL REVENUES (M$) 0.00
NET GAS REVENUE (M$) 1391.07
ULT. 0.000 439.201 TOTAL REVENUES (M$) 1391.07
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 17.667
BTAX PAYOUT YEARS 0.00 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.00 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 0.00 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 0.00 GROSS WELLS 1.000
INITIAL W.I. % 80.0000 INITIAL NET OIL % 0.0000
FINAL W.I. % 80.0000 FINAL NET OIL % 0.0000
PRODUCTION START DATE 12/5 INITIAL NET GAS % 60.5625
REPORT DATE 12/5 FINAL NET GAS % 60.5625
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
9.600 0.000 242.537 231.939
9.600 0.000 178.023 376.656
9.600 0.000 135.461 493.655
9.600 0.000 105.907 569.690
9.600 0.000 84.549 624.865
9.600 0.000 68.614 665.566
9.600 0.000 56.409 695.982
9.600 0.000 46.854 718.948
9.600 0.000 39.233 736.429
9.600 0.000 33.058 749.820
9.600 0.000 27.985 760.124
9.600 0.000 23.766 768.079
9.600 0.000 20.219 774.232
9.600 0.000 17.210 779.993
9.600 0.000 14.634 782.673
144.000 0.000 1094.459 782.673
25.600 0.000 28.247 788.721
169.600 0.000 1122.706 788.721
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 1122.706 30.00 520.932
7.50 849.921 40.00 454.335
10.00 788.721 50.00 406.574
12.00 746.668 60.00 370.496
15.00 692.687 70.00 342.182
20.00 620.939 80.00 319.307
25.00 565.330 90.00 300.396
100.00 284.471
PLANT NET REVENUES (M$) 0.000
Lease: KYNDAL 2-2 (H) DATE: 01/07/06
Location: 2 8N 17E TIME: 16:46:26
County: PITTSBURG State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: HARTSHORNE SEQ NUMBER: 6
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 22.613 0.000 13.695 0.00 8.200 112.300 7.973
12/7 0.000 16.642 0.000 10.079 0.00 8.200 82.644 5.868
12/8 0.000 12.760 0.000 7.728 0.00 8.200 63.366 4.499
12/9 0.000 10.094 0.000 6.113 0.00 8.200 50.128 3.559
12/10 0.000 8.185 0.000 4.957 0.00 8.200 40.647 2.886
12/11 0.000 6.770 0.000 4.100 0.00 8.200 33.623 2.387
12/12 0.000 5.693 0.000 3.448 0.00 8.200 28.275 2.007
12/13 0.000 4.855 0.000 2.940 0.00 8.200 24.108 1.712
12/14 0.000 4.288 0.000 2.537 0.00 8.200 20.800 1.477
12/15 0.000 3.650 0.000 2.211 0.00 8.200 18.129 1.287
12/16 0.000 3.210 0.000 1.944 0.00 8.200 15.941 1.132
12/17 0.000 2.845 0.000 1.723 0.00 8.200 14.127 1.003
12/18 0.000 2.538 0.000 1.537 0.00 8.200 12.606 0.895
12/19 0.000 2.279 0.000 1.380 0.00 8.200 11.318 0.804
12/20 0.000 0.882 0.000 0.534 0.00 8.200 4.382 0.311
S TOT 0.000 107.205 0.000 64.926 0.00 8.200 532.392 37.800
AFTER 0.000 0.000 0.000 0.000 0.00 8.200 0.000 0.000
TOTAL 0.000 107.205 0.000 64.926 0.00 8.200 532.392 37.800
CUM. 0.000 57.700 NET OIL REVENUES (M$) 0.00
NET GAS REVENUE (M$) 532.39
ULT. 0.000 164.905 TOTAL REVENUES (M$) 532.39
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 14.417
BTAX PAYOUT YEARS 0.00 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.00 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 0.00 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 0.00 GROSS WELLS 1.000
INITIAL W.I. % 80.0000 INITIAL NET OIL % 0.0000
FINAL W.I. % 80.0000 FINAL NET OIL % 0.0000
PRODUCTION START DATE 12/5 INITIAL NET GAS % 60.5625
REPORT DATE 12/5 FINAL NET GAS % 60.5625
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
9.600 0.000 94.726 90.611
9.600 0.000 67.177 149.009
9.600 0.000 49.267 187.936
9.600 0.000 36.069 214.487
9.600 0.000 28.161 232.871
9.600 0.000 21.635 245.711
9.600 0.000 16.667 254.703
9.600 0.000 12.797 260.980
9.600 0.000 9.723 265.316
9.600 0.000 7.242 268.253
9.600 0.000 5.209 270.174
9.600 0.000 3.524 271.356
9.600 0.000 2.111 272.001
9.600 0.000 0.914 272.255
4.000 0.000 0.070 272.274
138.400 0.000 356.192 272.274
0.000 0.000 0.000 272.274
138.400 0.000 356.192 272.274
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 356.192 30.00 191.454
7.50 288.891 40.00 169.186
10.00 272.274 50.00 152.712
12.00 260.481 60.00 140.010
15.00 244.782 70.00 129.897
20.00 223.266 80.00 121.640
25.00 205.822 90.00 114.758
100.00 108.925
PLANT NET REVENUES (M$) 0.000
Lease: LEX 1-34 DATE: 01/07/06
Location: 34 6N 11E TIME: 16:46:26
County: PITTSBURG State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: HARTSHORNE SEQ NUMBER: 3
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 32.666 0.000 10.988 0.00 8.200 90.104 6.397
12/7 0.000 23.186 0.000 7.799 0.00 8.200 63.954 4.541
12/8 0.000 17.309 0.000 5.823 0.00 8.200 47.745 3.390
12/9 0.000 13.416 0.000 4.513 0.00 8.200 37.006 2.627
12/10 0.000 10.703 0.000 3.600 0.00 8.200 29.523 2.096
12/11 0.000 8.738 0.000 2.939 0.00 8.200 24.107 1.711
12/12 0.000 7.268 0.000 2.445 0.00 8.200 20.048 1.423
12/13 0.000 6.141 0.000 2.066 0.00 8.200 16.938 1.203
12/14 0.000 5.256 0.000 1.768 0.00 8.200 14.499 1.029
12/15 0.000 4.551 0.000 1.531 0.00 8.200 12.552 0.891
12/16 0.000 3.978 0.000 1.338 0.00 8.200 10.972 0.779
12/17 0.000 0.615 0.000 0.207 0.00 8.200 1.696 0.120
12/18 0.000 0.000 0.00 8.200
12/19 0.000 0.000 0.00 8.200
12/20 0.000 0.000 0.00 8.200
S TOT 0.000 133.826 0.000 45.017 0.00 8.200 369.139 26.209
AFTER 0.000 0.000 0.000 0.000 0.00 8.200 0.000 0.000
TOTAL 0.000 133.826 0.000 45.017 0.00 8.200 369.139 26.209
CUM. 0.000 33.547 NET OIL REVENUES (M$) 0.00
NET GAS REVENUE (M$) 369.14
ULT. 0.000 167.323 TOTAL REVENUES (M$) 369.14
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 11.167
BTAX PAYOUT YEARS 0.00 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.00 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 0.00 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 0.00 GROSS WELLS 1.000
INITIAL W.I. % 42.5781 INITIAL NET OIL % 0.0000
FINAL W.I. % 42.5781 FINAL NET OIL % 0.0000
PRODUCTION START DATE 12/5 INITIAL NET GAS % 33.6384
REPORT DATE 12/5 FINAL NET GAS % 33.6384
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
5.109 0.000 78.597 75.202
5.109 0.000 54.304 122.416
5.109 0.000 39.246 153.428
5.109 0.000 29.269 174.449
5.109 0.000 22.318 189.018
5.109 0.000 17.281 199.273
5.109 0.000 13.515 206.564
5.109 0.000 10.626 211.775
5.109 0.000 8.360 215.602
5.109 0.000 6.551 218.157
5.109 0.000 5.084 220.033
0.852 0.000 0.724 220.282
0.000
0.000
0.000
57.055 0.000 285.875 220.282
0.000 0.000 0.000 220.282
57.055 0.000 285.875 220.282
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 285.875 30.00 155.909
7.50 233.384 40.00 138.035
10.00 220.282 50.00 124.787
12.00 210.953 60.00 114.564
15.00 198.557 70.00 106.415
20.00 181.358 80.00 99.756
0.00 356.192 30.00 191.454
100.00 89.489
PLANT NET REVENUES (M$) 0.000
Lease: COAL CREEK 1-14 (PUD) DATE: 01/07/06
Location: 145N 11E TIME: 16:46:26
County: HUGHES State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: HARTSHORNE SEQ NUMBER: 36
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 65.580 0.000 25.015 0.00 8.200 205.124 14.564
12/7 0.000 49.875 0.000 19.025 0.00 8.200 156.002 11.076
12/8 0.000 39.209 0.000 14.956 0.00 8.200 122.638 8.707
12/9 0.000 31.633 0.000 12.066 0.00 8.200 98.944 7.025
12/10 0.000 26.060 0.000 9.940 0.00 8.200 81.511 5.787
12/11 0.000 21.840 0.000 8.331 0.00 8.200 68.313 4.850
12/12 0.000 18.569 0.000 7.083 0.00 8.200 58.080 4.124
12/13 0.000 15.981 0.000 6.096 0.00 8.200 49.986 3.549
12/14 0.000 13.899 0.000 53.302 0.00 8.200 43.474 3.087
12/15 0.000 12.199 0.000 4.653 0.00 8.200 38.157 2.709
12/16 0.000 10.793 0.000 4.117 0.00 8.200 33.759 2.397
12/17 0.000 9.617 0.000 3.668 0.00 8.200 30.079 2.136
12/18 0.000 8.623 0.000 3.289 0.00 8.200 26.971 1.915
12/19 0.000 7.775 0.000 2.966 0.00 8.200 24.320 1.727
12/20 0.000 7.047 0.000 2.688 0.00 8.200 22.042 1.565
S TOT 0.000 338.701 0.000 129.195 0.00 8.200 1059.400 75.217
AFTER 0.000 36.938 0.000 14.082 0.00 8.200 115.472 8.199
TOTAL 0.000 375.619 0.000 143.277 0.00 8.200 1174.873 83.416
CUM. 0.000 1947.663 NET OIL REVENUES (M$) 0.00
NET GAS REVENUE (M$) 1174.87
ULT. 0.000 2323.282 TOTAL REVENUES (M$) 1174.87
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 22.417
BTAX PAYOUT YEARS 1.50 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 1.50 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 3.75 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 2.69 GROSS WELLS 1.000
INITIAL W.I. % 50.8591 INITIAL NET OIL % 0.0000
FINAL W.I. % 50.8591 FINAL NET OIL % 0.0000
PRODUCTION START DATE 10/5 INITIAL NET GAS % 38.1443
REPORT DATE 10/5 FINAL NET GAS % 38.1443
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
6.103 254.296 -69.838 -60.394
6.103 0.000 138.823 60.234
6.103 0.000 107.828 145.393
6.103 0.000 85.816 206.995
6.103 0.000 69.621 252.423
6.103 0.000 57.360 286.444
6.103 0.000 47.853 312.245
6.103 0.000 40.334 332.012
6.103 0.000 34.284 347.287
6.103 0.000 29.344 259.171
6.103 0.000 25.259 368.471
6.103 0.000 21.841 375.780
6.103 0.000 18.953 381.547
6.103 0.000 16.490 386.108
6.103 0.000 14.374 389.722
91.546 254.296 638.341 389.722
45.265 0.000 62.009 401.020
136.811 254.296 700.350 401.020
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 700.350 30.00 200.417
7.50 452.013 40.00 157.336
10.00 401.020 50.00 128.730
12.00 367.028 60.00 108.670
15.00 234.679 70.00 94.035
20.00 270.725 80.00 83.033
25.00 230.873 90.00 74.565
100.00 67.922
PLANT NET REVENUES (M$) 0.000
Lease: BRAUMAUGH 2 10 (PUD) DATE: 01/07/06
Location: 10 5N 11E TIME: 16:46:26
County: HUGHES State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: HARTSHORNE SEQ NUMBER: 35
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 44.770 0.000 6.681 0.00 8.200 54.792 3.890
12/7 0.000 69.047 0.000 10.303 0.00 8.200 84.487 5.999
12/8 0.000 50.765 0.000 7.575 0.00 8.200 62.127 4.410
12/9 0.000 38.895 0.000 5.804 0.00 8.200 47.593 3.379
12/10 0.000 30.753 0.000 4.989 0.00 8.200 37.629 2.672
12/11 0.000 24.925 0.000 3.719 0.00 8.200 30.498 2.165
12/12 0.000 20.610 0.000 3.075 0.00 8.200 25.219 1.791
12/13 0.000 17.327 0.000 2.585 0.00 8.200 21.201 1.505
12/14 0.000 14.770 0.000 2.204 0.00 8.200 18.073 1.283
12/15 0.000 12.740 0.000 1.901 0.00 8.200 15.589 1.107
12/16 0.000 11.102 0.000 1.657 0.00 8.200 13.584 0.964
12/17 0.000 9.761 0.000 1.456 0.00 8.200 11.973 0.848
12/18 0.000 8.648 0.000 1.291 0.00 8.200 10.582 0.751
12/19 0.000 7.716 0.000 1.151 0.00 8.200 9.442 0.670
12/20 0.000 6.927 0.000 1.034 0.00 8.200 8.476 0.602
S TOT 0.000 368.754 0.000 55.026 0.00 8.200 451.215 32.036
AFTER 0.000 32.677 0.000 4.876 0.00 8.200 39.984 2.839
TOTAL 0.000 401.431 0.000 59.902 0.00 8.200 491.199 34.870
CUM. 0.000 2390.399 NET OIL REVENUES (M$) 0.00
NET GAS REVENUE (M$) 491.20
ULT. 0.000 2791.830 TOTAL REVENUES (M$) 491.20
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 21.667
BTAX PAYOUT YEARS 1.59 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 1.65 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 4.32 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 3.03 GROSS WELLS 1.000
INITIAL W.I. % 18.8889 INITIAL NET OIL % 0.0000
FINAL W.I. % 18.8889 FINAL NET OIL % 0.0000
PRODUCTION START DATE 7/6 INITIAL NET GAS % 14.9222
REPORT DATE 7/6 FINAL NET GAS % 14.9222
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
1.133 94.445 -44.685 -42.972
2.267 0.000 76.222 23.298
2.267 0.000 55.440 67.103
2.267 0.000 41.947 97.225
2.267 0.000 32.691 118.562
2.267 0.000 26.066 134.026
2.267 0.000 21.162 145.438
2.267 0.000 17.429 153.981
2.267 0.000 14.523 160.452
2.267 0.000 12.216 165.400
2.267 0.000 10.353 169.212
2.267 0.000 8.829 172.167
2.267 0.000 7.545 174.469
2.267 0.000 6.505 176.268
2.267 0.000 5.607 177.678
32.867 94.445 291.868 177.678
15.111 0.000 22.034 181.787
47.978 94.445 313.902 181.787
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 313.902 30.00 84.990
7.50 205.066 40.00 62.506
10.00 181.787 50.00 47.002
12.00 166.031 60.00 35.756
15.00 146.093 70.00 27.292
20.00 120.110 80.00 20.742
25.00 100.407 90.00 15.559
100.00 11.385
PLANT NET REVENUES (M$) 0.000
Lease: ELLIS 1-15 (PUD) DATE: 01/07/06
Location: 15 5N 11E TIME: 16:46:27
County: HUGHES State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: HARTSHORNE SEQ NUMBER: 31
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 63.113 0.000 43.860 0.00 8.200 359.656 25.536
12/7 0.000 69.287 0.000 48.151 0.00 8.200 394.842 28.034
12/8 0.000 55.430 0.000 38.521 0.00 8.200 315.874 22.427
12/9 0.000 44.344 0.000 30.817 0.00 8.200 252.699 17.942
12/10 0.000 35.475 0.000 24.654 0.00 8.200 202.159 14.353
12/11 0.000 28.380 0.000 19.723 0.00 8.200 161.727 11.483
12/12 0.000 22.704 0.000 15.778 0.00 8.200 129.382 9.186
12/13 0.000 98.163 0.000 12.623 0.00 8.200 103.505 7.349
12/14 0.000 14.531 0.000 10.098 0.00 8.200 82.804 5.879
12/15 0.000 11.624 0.000 8.078 0.00 8.200 66.244 4.703
12/16 0.000 9.300 0.000 6.463 0.00 8.200 52.995 3.763
12/17 0.000 7.440 0.000 5.170 0.00 8.200 42.396 3.010
12/18 0.000 5.952 0.000 4.136 0.00 8.200 33.917 2.408
12/19 0.000 4.767 0.000 3.309 0.00 8.200 27.133 1.926
12/20 0.000 2.633 0.000 1.830 0.00 8.200 15.002 1.065
S TOT 0.000 393.137 0.000 273.212 0.00 8.200 2240.335 159.064
AFTER 0.000 0.000 0.000 0.000 0.00 8.200 0.000 0.000
TOTAL 0.000 393.137 0.000 273.212 0.00 8.200 2240.335 159.064
CUM. 0.000 0.000 NET OIL REVENUES (M$) 0.00
NET GAS REVENUE (M$) 2240.34
ULT. 0.000 393.137 TOTAL REVENUES (M$) 2240.34
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 14.667
BTAX PAYOUT YEARS 0.67 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.70 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 8.77 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 6.41 GROSS WELLS 1.000
INITIAL W.I. % 87.9855 INITIAL NET OIL % 0.0000
FINAL W.I. % 87.9688 FINAL NET OIL % 0.0000
PRODUCTION START DATE 4/6 INITIAL NET GAS % 69.4953
REPORT DATE 4/6 FINAL NET GAS % 69.4953
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
7.91710.556 94.445 106.281 91.257
10.556 0.000 356.252 400.727
10.556 0.000 282.890 624.131
10.556 0.000 224.201 785.094
10.556 0.000 177.250 900.782
10.556 0.000 139.688 983.669
10.556 0.000 109.639 1042.813
10.556 0.000 85.600 1084.794
10.556 0.000 66.369 1114.386
10.556 0.000 50.984 1135.053
10.556 0.000 38.676 1149.308
10.556 0.000 28.829 1158.969
10.556 0.000 20.952 1165.354
10.556 0.000 14.651 1169.414
7.038 0.000 6.899 1171.177
152.156 94.445 1709.163 1171.177
0.000 0.000 0.000 1171.177
152.186 94.445 1709.163 1171.177
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 1709.163 30.00 685.005
7.50 1275.284 40.00 557.939
10.00 1171.177 50.00 466.304
12.00 1098.089 60.00 397.209
15.00 1002.404 70.00 343.298
20.00 872.058 80.00 300.085
25.00 768.730 90.00 264.687
100.00 235.168
PLANT NET REVENUES (M$) 0.000
TOTAL FOR RSV CAT = DATE: 01/07/06
1PDP - ARKOMA PROVEN PRODUCING TIME: 16:46:27
DSS FILE: OAKHILLS
SETUP FILE: JPD06
SEQ NUMBER: ******
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 313.586 0.000 125.445 0.00 8.200 1028.649 73.034
12/7 0.000 235.280 0.000 92.608 0.00 8.200 759.383 53.916
12/8 0.000 184.258 0.000 71.571 0.00 8.200 586.884 41.669
12/9 0.000 148.016 0.000 56.886 0.00 8.200 466.462 33.119
12/10 0.000 121.206 0.000 46.212 0.00 8.200 378.939 26.905
12/11 0.000 100.795 0.000 38.213 0.00 8.200 313.349 22.248
12/12 0.000 64.908 0.000 32.070 0.00 8.200 262.974 18.671
12/13 0.000 72.319 0.000 27.255 0.00 8.200 223.494 15.868
12/14 0.000 62.195 0.000 23.417 0.00 8.200 192.019 13.633
12/15 0.000 53.949 0.000 20.312 0.00 8.200 166.557 11.826
12/16 0.000 47.125 0.000 17.761 0.00 8.200 145.640 10.340
12/17 0.000 38.529 0.000 14.669 0.00 8.200 120.283 8.540
12/18 0.000 33.500 0.000 12.815 0.00 8.200 105.085 7.461
12/19 0.000 29.442 0.000 11.358 0.00 8.200 93.139 6.673
12/20 0.000 21.859 0.000 8.802 0.00 8.200 72.176 5.125
S TOT 0.000 1546.966 0.000 599.384 0.00 8.200 4915.034 348.967
AFTER 0.000 70.676 0.000 22.410 0.00 8.200 183.765 13.047
TOTAL 0.000 1617.642 0.000 621.805 0.00 8.200 6098.799 362.015
CUM. 0.000 721.179 NET OIL REVENUES (M$) 0.00
NET GAS REVENUE (M$) 5098.80
ULT. 0.000 2338.821 TOTAL REVENUES (M$) 5098.80
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 22.853
BTAX PAYOUT YEARS 0.00 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.00 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 0.00 GROSS GAS WELLS 9.000
BTAX NET INCOME/INVEST (DISC) 0.00 GROSS WELLS 9.000
INITIAL W.I. % 50.8815 INITIAL NET OIL % 0.0000
FINAL W.I. % 18.8889 FINAL NET OIL % 0.0000
PRODUCTION START DATE 1/5 INITIAL NET GAS % 39.0549
REPORT DATE 1/5 FINAL NET GAS % 14.9222
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
55.405 0.000 900.210 860.946
49.555 0.000 655.912 1431.014
49.555 0.000 495.660 1822.554
49.555 0.000 383.788 2098.116
49.555 0.000 302.479 2295.532
49.555 0.000 241.546 2438.834
49.555 0.000 194.748 2543.863
49.555 0.000 158.071 2621.358
49.555 0.000 128.830 2678.774
49.555 0.000 105.176 2721.388
49.555 0.000 85.744 2752.970
45.298 0.000 66.445 2775.229
44.446 0.000 53.178 2791.418
44.131 0.000 42.393 2803.155
35.067 0.000 31.985 2811.203
719.900 94.445 3846.167 2811.203
98.789 0.000 71.929 2825.636
818.689 94.445 3918.096 2825.636
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 3918.096 30.00 1903.571
7.50 3029.894 40.00 1665.675
10.00 2825.037 50.00 1495.105
12.00 2683.998 60.00 1364.676
15.00 2500.537 70.00 1261.881
20.00 2253.662 80.00 1178.575
25.00 2059.852 90.00 1109.552
100.00 1051.325
PLANT NET REVENUES (M$) 0.000
TOTAL FOR TYPE: 6 HARSHORNE COAL HORIZONTAL WELLS PDP DATE: 01/07/06
TIME: 16:46:27
DSS FILE: OAKHILLS
SETUP FILE: JPD06
SEQ NUMBER: ******
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 287.292 0.000 119.478 0.00 8.200 979.721 69.560
12/7 0.000 219.050 0.000 89.285 0.00 8.200 732.139 51.982
12/8 0.000 171.922 0.000 69.046 0.00 8.200 566.178 40.199
12/9 0.000 137.932 0.000 54.821 0.00 8.200 449.534 31.917
12/10 0.000 112.609 0.000 44.452 0.00 8.200 364.508 25.880
12/11 0.000 93.262 0.000 36.671 0.00 8.200 300.704 21.350
12/12 0.000 78.178 0.000 30.692 0.00 8.200 251.677 17.869
12/13 0.000 66.220 0.000 26.007 0.00 8.200 213.256 15.141
12/14 0.000 56.605 0.000 22.273 0.00 8.200 182.636 12.967
12/15 0.000 48.780 0.000 19.254 0.00 8.200 157.881 11.210
12/16 0.000 42.343 0.000 16.782 0.00 8.200 137.613 9.771
12/17 0.000 34.106 0.000 13.763 0.00 8.200 112.858 8.013
12/18 0.000 29.108 0.000 11.978 0.00 8.200 98.217 6.973
12/19 0.000 25.962 0.000 10.646 0.00 8.200 87.297 6.198
12/20 0.000 21.859 0.000 8.802 0.00 8.200 72.176 5.125
S TOT 0.000 1425.529 0.000 573.951 0.00 8.200 4705.395 334.156
AFTER 0.000 70.676 0.000 22.410 0.00 8.200 183.765 13.047
TOTAL 0.000 1496.205 0.000 596.361 0.00 8.200 4890.160 347.201
CUM. 0.000 449.947 NET OIL REVENUES (M$) 0.00
NET GAS REVENUE (M$) 4890.16
ULT. 0.000 1946.153 TOTAL REVENUES (M$) 4890.16
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 22.583
BTAX PAYOUT YEARS 0.00 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.00 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 0.00 GROSS GAS WELLS 6.000
BTAX NET INCOME/INVEST (DISC) 0.00 GROSS WELLS 6.000
INITIAL W.I. % 55.1268 INITIAL NET OIL % 0.0000
FINAL W.I. % 18.8889 FINAL NET OIL % 0.0000
PRODUCTION START DATE 1/5 INITIAL NET GAS % 42.1081
REPORT DATE 1/5 FINAL NET GAS % 14.9222
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
45.776 0.000 864.385 826.596
45.776 0.000 634.381 1377.938
45.776 0.000 480.203 1757.265
45.776 0.000 371.841 2024.252
45.776 0.000 292.852 2215.385
45.776 0.000 233.578 2353.961
45.776 0.000 188.032 2455.369
45.776 0.000 152.339 2530.055
45.776 0.000 123.893 2585.272
45.776 0.000 100.895 2626.152
45.776 0.000 82.067 2656.380
41.518 0.000 63.327 2677.595
40.667 0.000 50.577 2692.993
440.667 0.000 40.432 2704.184
35.067 0.000 31.985 2712.233
661.455 94.445 3710.787 2712.233
98.789 0.000 71.929 2726.666
760.244 94.445 3782.715 2726.666
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 3782.715 30.00 1835.672
7.50 2924.046 40.00 1606.696
10.00 2726.667 50.00 1440.843
12.00 2589.807 60.00 1314.758
15.00 2412.540 70.00 1215.388
20.00 2193.995 80.00 1134.864
25.00 1986.708 90.00 1058.153
100.00 1011.882
PLANT NET REVENUES (M$) 0.000
Lease: LEX 2 34 (PUD) DATE: 01/07/06
Location: 34 6N 11E TIME: 16:46:27
County: Hughes State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: HARTSHORNE SEQ NUMBER: 33
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 67.342 0.000 22.653 0.00 8.200 185.752 13.188
12/7 0.000 60.567 0.000 20.374 0.00 8.200 167.065 11.862
12/8 0.000 46.005 0.000 15.475 0.00 8.200 126.899 9.010
12/9 0.000 36.132 0.000 12.154 0.00 8.200 99.664 7.076
12/10 0.000 29.128 0.000 9.798 0.00 8.200 80.347 5.705
12/11 0.000 23.981 0.000 8.067 0.00 8.200 66.149 4.697
12/12 0.000 20.088 0.000 6.757 0.00 8.200 55.410 3.934
12/13 0.000 17.071 0.000 5.743 0.00 8.200 47.089 3.343
12/14 0.000 14.687 0.000 4.940 0.00 8.200 40.512 2.876
12/15 0.000 12.769 0.000 4.295 0.00 8.200 35.223 2.501
12/16 0.000 11.204 0.000 3.769 0.00 8.200 30.906 2.194
12/17 0.000 9.911 0.000 3.334 0.00 8.200 27.337 1.941
12/18 0.000 8.829 0.000 2.970 0.00 8.200 24.352 1.729
12/19 0.000 7.915 0.000 2.662 0.00 8.200 21.831 1.550
12/20 0.000 7.135 0.000 2.400 0.00 8.200 19.682 1.397
S TOT 0.000 372.764 0.000 125.392 0.00 8.200 1028.217 73.003
AFTER 0.000 36.437 0.000 12.257 0.00 8.200 100.505 7.136
TOTAL 0.000 409.201 0.000 137.649 0.00 8.200 1128.722 80.139
CUM. 0.000 0.000 NET OIL REVENUES (M$) 0.000
NET GAS REVENUE (M$) 1128.722
ULT. 0.000 409.201 TOTAL REVENUES (M$) 1128.722
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 22.333
BTAX PAYOUT YEARS 1.30 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 1.37 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 4.39 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 3.03 GROSS WELLS 1.000
INITIAL W.I. % 42.5781 INITIAL NET OIL % 0.0000
FINAL W.I. % 42.5781 FINAL NET OIL % 0.0000
PRODUCTION START DATE 3/6 INITIAL NET GAS % 33.6384
REPORT DATE 3/6 FINAL NET GAS % 33.6384
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
4.258 212.891 -44.585 -48.330
5.109 0.000 150.094 82.130
5.109 0.000 112.780 171.220
5.109 0.000 87.478 234.027
5.109 0.000 69.533 279.404
5.109 0.000 56.343 312.826
5.109 0.000 46.366 337.827
5.109 0.000 38.636 356.765
5.109 0.000 32.526 371.257
5.109 0.000 27.612 382.440
5.109 0.000 23.602 391.130
5.109 0.000 20.286 397.920
5.109 0.000 17.514 403.249
5.109 0.000 15.172 407.446
5.109 0.000 13.175 410.758
75.789 212.891 666.534 410.758
37.469 0.000 55.900 420.982
113.258 212.891 722.435 420.983
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 722.435 30.00 201.684
7.50 473.712 40.00 149.876
10.00 420.982 50.00 113.532
12.00 385.351 60.00 86.649
15.00 340.297 70.00 65.989
20.00 281.541 80.00 49.644
25.00 236.844 90.00 36.415
100.00 25.510
PLANT NET REVENUES (M$) 0.000
Lease: LEX 3 34 (PUD) DATE: 01/07/06
Location: 34 6N 11E TIME: 16:46:27
County: Hughes State: OK DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: HARTSHORNE SEQ NUMBER: 34
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 55.915 0.000 18.809 0.00 8.200 154.323 10.950
12/7 0.000 63.288 0.000 21.289 0.00 8.200 174.570 12.394
12/8 0.000 47.042 0.000 15.824 0.00 8.200 129.757 9.213
12/9 0.000 36.339 0.000 12.224 0.00 8.200 100.237 7.117
12/10 0.000 28.916 0.000 9.727 0.00 8.200 79.762 5.663
12/11 0.000 23.557 0.000 7.924 0.00 8.200 64.979 4.613
12/12 0.000 19.561 0.000 6.580 0.00 8.200 53.957 3.831
12/13 0.000 16.503 0.000 5.551 0.00 8.200 45.520 3.232
12/14 0.000 14.109 0.000 4.746 0.00 8.200 38.919 2.763
12/15 0.000 12.202 0.000 4.104 0.00 8.200 33.656 2.390
12/16 0.000 10.656 0.000 3.585 0.00 8.200 29.394 2.087
12/17 0.000 9.387 0.000 3.195 0.00 8.200 25.893 1.838
12/18 0.000 8.332 0.000 2.803 0.00 8.200 22.982 1.632
12/19 0.000 7.445 0.000 2.504 0.00 8.200 20.536 1.458
12/20 0.000 6.693 0.000 2.251 0.00 8.200 18.461 1.311
S TOT 0.000 359.945 0.000 121.080 0.00 8.200 992.855 70.493
AFTER 0.000 30.433 0.000 10.237 0.00 8.200 83.944 5.960
TOTAL 0.000 390.377 0.000 131.317 0.00 8.200 1076.799 76.453
CUM. 0.000 2550.601 NET OIL REVENUES (M$) 0.000
NET GAS REVENUE (M$) 1076.799
ULT. 0.000 2940.978 TOTAL REVENUES (M$) 1076.799
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 21.333
BTAX PAYOUT YEARS 1.46 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 1.54 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 4.19 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 2.94 GROSS WELLS 1.000
INITIAL W.I. % 42.5781 INITIAL NET OIL % 0.0000
FINAL W.I. % 42.5781 FINAL NET OIL % 0.0000
PRODUCTION START DATE 5/6 INITIAL NET GAS % 33.6384
REPORT DATE 5/6 FINAL NET GAS % 33.6384
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
3.409 212.894 73.015 73.145
5.109 0.000 157.066 63.403
5.109 0.000 315.435 154.604
5.109 0.000 88.011 217.801
5.109 0.000 68.989 262.828
5.109 0.000 55.256 295.608
5.109 0.000 45.017 319.883
5.109 0.000 37.179 338.107
5.109 0.000 31.046 351.941
5.109 0.000 26.157 362.536
5.109 0.000 22.197 370.709
5.109 0.000 18.945 377.050
5.109 0.000 16.241 381.592
5.109 0.000 13.968 385.856
5.109 0.000 12.040 388.884
74.937 212.891 634.534 388.884
32.359 0.000 45.625 397.482
107.297 212.891 680.159 397.482
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.0 680.159 30.0 187.713
7.5 447.511 40.0 138.240
10.0 397.482 50.0 103.781
12.0 363.552 60.0 78.521
15.0 320.525 70.0 59.306
20.0 264.257 80.0 44.271
25.0 221.402 90.0 32.243
100.0 22.447
PLANT NET REVENUES (M$) 0.000
TOTAL FOR RSV_CAT: DATE: 01/07/06
3 PUD ARKOMA - 5 PROVEN UNDEVELOPED WELLS TIME: 16:46:27
DSS FILE: OAKHILLS
SETUP FILE: JPD06
SEQ NUMBER: ******
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 296.720 0.000 117.018 0.00 8.200 959.546 68.128
12/7 0.000 312.064 0.000 119.142 0.00 8.200 976.967 69.365
12/8 0.000 238.450 0.000 92.352 0.00 8.200 757.295 53.767
12/9 0.000 187.343 0.000 73.065 0.00 8.200 599.136 42.539
12/10 0.000 150.333 0.000 58.708 0.00 8.200 481.408 34.180
12/11 0.000 122.684 0.000 47.764 0.00 8.200 391.667 27.808
12/12 0.000 101.532 0.000 39.274 0.00 8.200 322.048 22.865
12/13 0.000 85.045 0.000 32.598 0.00 8.200 267.302 18.978
12/14 0.000 71.996 0.000 27.290 0.00 8.200 223.782 15.889
12/15 0.000 61.535 0.000 23.033 0.00 8.200 188.868 13.410
12/16 0.000 53.055 0.000 19.590 0.00 8.200 160.637 11.405
12/17 0.000 46.114 0.000 16.786 0.00 8.200 137.648 9.773
12/18 0.000 40.383 0.000 14.488 0.00 8.200 118.804 8.435
12/19 0.000 35.612 0.000 12.593 0.00 8.200 103.262 7.332
12/20 0.000 30.435 0.000 10.203 0.00 8.200 83.663 5.940
S TOT 0.000 1833.302 0.000 701.905 0.00 8.200 5772.023 409.814
AFTER 0.000 136.464 0.000 41.452 0.00 8.200 339.905 24.133
TOTAL 0.000 1969.765 0.000 745.357 0.00 8.200 6111.928 433.947
CUM. 0.000 6888.663 NET OIL REVENUES (M$) 0.000
NET GAS REVENUE (M$) 6111.928
ULT. 0.000 8858.428 TOTAL REVENUES (M$) 6111.928
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 22.417
BTAX PAYOUT YEARS 1.14 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 1.17 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 5.15 GROSS GAS WELLS 5.000
BTAX NET INCOME/INVEST (DISC) 3.69 GROSS WELLS 5.000
INITIAL W.I. % 47.4117 INITIAL NET OIL % 0.0000
FINAL W.I. % 40.1598 FINAL NET OIL % 0.0000
PRODUCTION START DATE 1/5 INITIAL NET GAS % 37.6089
REPORT DATE 1/5 FINAL NET GAS % 31.0795
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
22.818 994.443 -125.843 -133.583
29.145 0.000 878.457 629.791
29.145 0.000 674.374 1162.449
29.145 0.000 527.453 1541.142
29.145 0.000 418.083 1813.999
29.145 0.000 334.714 2012.573
29.145 0.000 270.037 2158.205
29.145 0.000 219.179 2265.659
29.145 0.000 178.748 2345.322
29.145 0.000 146.314 2404.601
29.145 0.000 120.087 2448.830
29.145 0.000 98.730 2481.887
29.145 0.000 81.224 2506.610
29.145 0.000 66.786 2525.091
29.145 0.000 52.097 2538.219
427.326 994.443 3940.440 2538.219
130.204 0.000 185.568 2572.447
557.530 994.443 4126.008 2572.447
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 4126.008 30.00 1359.810
7.50 2853.586 40.00 1065.898
10.00 2572.448 50.00 859.350
12.00 2380.050 60.00 706.805
15.00 2133.998 70.00 589.920
20.00 1808.689 80.00 497.775
25.00 1558.257 90.00 423.470
100.00 362.432
PLANT NET REVENUES (M$) 0.000
TOTAL FOR STATE: OKLAHOMA -PPD + PUD DATE: 01/07/06
TIME: 16:46:28
DSS FILE: OAKHILLS
SETUP FILE: JPD06
SEQ NUMBER: ******
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.000 610.305 0.000 242.463 0.00 8.200 1988.195 141.162
12/7 0.000 547.344 0.000 211.750 0.00 8.200 1736.350 123.281
12/8 0.000 422.708 0.000 163.923 0.00 8.200 1344.170 95.436
12/9 0.000 335.359 0.000 129.951 0.00 8.200 1065.598 75.657
12/10 0.000 271.539 0.000 104.920 0.00 8.200 850.348 61.085
12/11 0.000 223.479 0.000 85.978 0.00 8.200 705.016 50.056
12/12 0.000 186.440 0.000 71.344 0.00 8.200 585.022 41.537
12/13 0.000 157.364 0.000 59.853 0.00 8.200 490.796 34.847
12/14 0.000 134.190 0.000 50.707 0.00 8.200 415.801 29.522
12/15 0.000 115.483 0.000 43.345 0.00 8.200 355.425 25.235
12/16 0.000 100.080 0.000 37.351 0.00 8.200 306.277 21.746
12/17 0.000 84.644 0.000 31.455 0.00 8.200 257.931 18.310
12/18 0.000 73.883 0.000 27.304 0.00 8.200 223.889 15.896
12/19 0.000 65.055 0.000 23.951 0.00 8.200 196.401 13.944
12/20 0.000 52.294 0.000 19.005 0.00 8.200 155.830 11.065
S TOT 0.000 3380.268 0.000 1303.300 0.00 8.200 10687.060 758.781
AFTER 0.000 207.140 0.000 63.862 0.00 8.200 523.670 37.181
TOTAL 0.000 3587.408 0.000 1367.162 0.00 8.200 11210.773 795.962
CUM. 0.000 7609.842 NET OIL REVENUES (M$) 0.000
NET GAS REVENUE (M$) 11210.730
ULT. 0.000 11197.250 TOTAL REVENUES (M$) 11210.730
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 22.583
BTAX PAYOUT YEARS 0.56 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 0.57 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 9.09 GROSS GAS WELLS 14.000
BTAX NET INCOME/INVEST (DISC) 6.65 GROSS WELLS 14.000
INITIAL W.I. % 47.1667 INITIAL NET OIL % 0.0000
FINAL W.I. % 34.5296 FINAL NET OIL % 0.0000
PRODUCTION START DATE 1/05 INITIAL NET GAS % 38.2843
REPORT DATE 1/05 FINAL NET GAS % 26.8028
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
78.223 994.443 774.367 727.363
78.700 0.000 1534.369 2060.805
78.700 0.000 1170.034 2985.003
78.700 0.000 911.241 3639.258
78.700 0.000 720.563 4109.530
78.700 0.000 576.260 4451.407
78.700 0.000 464.785 4702.068
78.700 0.000 377.250 4887.017
78.700 0.000 307.579 5024.097
78.700 0.000 251.490 5125.989
78.700 0.000 205.831 5201.801
74.442 0.000 165.175 5257.117
73.591 0.000 134.402 5298.029
73.276 0.000 109.180 5328.246
60.693 0.000 84.082 5349.423
1147.226 994.443 7786.607 5349.423
228.993 0.000 257.497 5398.085
1376.218 994.443 8014.104 5398.085
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 8044.104 30.00 3263.381
7.50 5883.480 40.00 2732.673
10.00 5398.084 50.00 2354.454
12.00 5064.049 60.00 2071.481
15.00 4534.535 70.00 1851.801
20.00 4062.351 80.00 1676.350
25.00 3618.109 90.00 1533.022
100.00 1413.756
PLANT NET REVENUES (M$) 0.000
Lease: MARTIN BARNETT 1 (PUD) DATE: 01/07/06
Location: TIME: 16:46:27
County: PARKER State: TX DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: BARNETT SHALE SEQ NUMBER: 9
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 1.777 236.897 1.244 165.828 58.63 8.200 1432.710 105.120
12/7 2.034 271.230 1.424 189.861 58.63 8.200 1640.345 120.354
12/8 1.325 176.713 0.928 123.699 58.63 8.200 1068.728 78.414
12/9 1.007 134.274 0.705 93.992 58.63 8.200 812.064 59.582
12/10 0.822 109.565 0.575 76.695 58.63 8.200 662.626 48.618
12/11 0.699 93.202 0.489 65.241 58.63 8.200 563.665 41.357
12/12 0.611 81.483 0.428 57.038 58.63 8.200 492.795 36.157
12/13 0.545 72.635 0.381 50.845 58.63 8.200 439.283 32.231
12/14 0.493 65.693 0.345 45.985 58.63 8.200 397.299 29.150
12/15 0.451 60.086 0.315 42.060 58.63 8.200 363.388 26.662
12/16 0.416 55.473 0.291 38.831 58.63 8.200 335.489 24.615
12/17 0.385 5.333 0.269 35.933 58.63 8.200 310.453 22.778
12/18 0.356 47.483 0.249 33.238 58.63 8.200 287.169 21.070
12/19 0.329 43.922 0.231 30.745 58.63 8.200 265.631 19.490
12/20 0.305 40.628 0.213 28.439 58.63 8.200 245.709 18.028
S TOT 11.555 1540.617 8.088 1078.432 58.63 8.200 9317.354 683.627
AFTER 2.521 336.099 1.765 235.269 58.63 8.200 2032.660 149.139
TOTAL 14.075 1876.715 9.853 1313.701 58.63 8.200 11350.010 832.766
CUM. 0.000 0.000 NET OIL REVENUES (M$) 577.667
NET GAS REVENUE (M$) 10772.350
ULT. 14.075 1876.716 TOTAL REVENUES (M$) 11350.020
BTAX RATE OF RETURN (PCT) 100.00 PRODUCT LIFE (YEARS) 29.250
BTAX PAYOUT YEARS 1.47 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 1.54 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 4.46 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 2.91 GROSS WELLS 1.000
INITIAL W.I. % 100.0000 INITIAL NET OIL % 70.0000
FINAL W.I. % 100.0000 FINAL NET OIL % 70.0000
PRODUCTION START DATE 7/06 INITIAL NET GAS % 70.0000
REPORT DATE 7/06 FINAL NET GAS % 70.0000
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
18.111 2000.000 -690.522 -700.234
37.036 0.000 1482.954 591.409
38.147 0.000 952.168 1343.991
39.291 0.000 713.191 1856.065
40.470 0.000 573.538 2230.279
41.684 0.000 480.624 2515.290
42.935 0.000 413.704 2738.276
44.223 0.000 362.829 2916.040
45.549 0.000 322.599 3059.711
46.916 0.000 289.810 3177.038
48.323 0.000 262.550 3273.661
49.773 0.000 237.901 3353.257
51.266 0.000 214.833 3418.601
52.804 0.000 193.337 3472.063
54.388 0.000 173.293 3515.627
690.915 2000.000 5982.811 3515.627
947.112 0.000 836.409 3672.526
1598.027 2000.000 6919.220 3672.526
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 6919.220 30.00 1623.196
7.50 4203.785 40.00 1172.330
10.00 3692.527 50.00 862.385
12.00 3322.353 60.00 636.396
15.00 2889.547 70.00 464.710
20.00 2341.252 80.00 330.262
25.00 1935.706 90.00 222.490
100.00 134.484
PLANT NET REVENUES (M$) 0.000
Lease: OLIVER BARNETT 1 (PUD) DATE: 01/07/06
Location: TIME: 16:46:27
County: TARRENT State: TX DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: BARNETT SHALES SEQ NUMBER: 7
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 2.205 294.048 1.544 205.833 58.63 8.200 1778.343 130.479
12/7 1.454 193.867 10.018 135.707 58.63 8.200 1172.472 86.026
12/8 1.013 135.014 0.709 94.510 58.63 8.200 816.538 59.910
12/9 0.791 105.516 0.554 73.861 58.63 8.200 638.138 46.821
12/10 0.656 87.459 0.459 61.221 58.63 8.200 528.936 38.809
12/11 0.564 75.147 0.395 52.603 58.63 8.200 454.477 33.346
12/12 0.496 66.159 0.347 46.311 58.63 8.200 400.118 29.357
12/13 0.445 59.279 0.311 41.495 58.63 8.200 358.506 26.304
12/14 0.404 53.825 0.283 37.677 58.63 8.200 325.522 23.884
12/15 3.700 49.380 0.259 34.569 58.63 8.200 298.669 21.914
12/16 0.343 45.674 0.240 31.972 58.63 8.200 276.230 20.267
12/17 0.317 42.249 0.222 29.574 58.63 8.200 255.513 18.747
12/18 2.930 39.080 0.205 27.356 58.63 8.200 236.349 17.341
12/19 0.271 36.149 0.190 25.304 58.63 8.200 218.623 16.041
12/20 0.251 33.438 0.176 23.407 58.63 8.200 202.226 14.838
S TOT 9.872 1316.289 6.911 921.402 58.63 8.200 7690.662 584.084
AFTER 1.856 247.401 1.299 173.181 58.63 8.200 1496.234 109.781
TOTAL 11.728 1563.690 8.209 1094.583 58.63 8.200 9456.895 693.865
CUM. 0.000 0.000 NET OIL REVENUES (M$) 481.316
NET GAS REVENUE (M$) 8975.580
ULT. 11.728 1563.690 TOTAL REVENUES (M$) 9456.896
BTAX RATE OF RETURN (PCT) 84.60 PRODUCT LIFE (YEARS) 26.750
BTAX PAYOUT YEARS 1.36 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 1.49 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 3.66 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 2.43 GROSS WELLS 1.000
INITIAL W.I. % 100.0000 INITIAL NET OIL % 70.0000
FINAL W.I. % 100.0000 FINAL NET OIL % 70.0000
PRODUCTION START DATE 3/06 INITIAL NET GAS % 70.0000
REPORT DATE 3/06 FINAL NET GAS % 70.0000
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
30.335 2000.000 -133.583
37.402 0.000 878.457 629.791
38.524 0.000 674.374 1162.449
39.680 0.000 527.453 1541.142
40.871 0.000 418.083 1813.999
42.097 0.000 334.714 2012.573
43.360 0.000 270.037 2158.205
44.660 0.000 219.179 2265.659
46.000 0.000 178.748 2345.322
47.380 0.000 146.314 2404.601
48.802 0.000 120.087 2448.830
50.266 0.000 98.730 2481.887
53.327 0.000 81.224 2506.610
53.327 0.000 66.786 2525.091
54.927 0.000 52.097 2538.219
669.405 2000.000 3940.440 2538.219
772.622 0.000 185.568 2572.447
1442.027 2000.000 4126.008 2572.447
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 5321.003 30.00 1187.086
7.50 3260.814 40.00 805.020
10.00 2844.878 50.00 535.287
12.00 2568.034 60.00 333.206
15.00 2222.676 70.00 175.369
20.00 1779.505 80.00 48.239
25.00 1446.893 90.00 -56.611
100.00 -144.725
PLANT NET REVENUES (M$) 0.000
Lease: OLIVER BARNETT 2 (PUD) DATE: 01/07/06
Location: TIME: 16:46:28
County: TARRENT State: TX DSS FILE: OAKHILLS
Formation: BARNETT SHALE SETUP FILE: JPD06
SEQ NUMBER: 8
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 1.881 250.782 1.317 175.548 58.63 8.200 1516.684 111.281
12/7 1.577 210.239 1.104 147.167 58.63 8.200 1271.485 93.291
12/8 1.064 141.906 0.745 99.334 58.63 8.200 858.223 62.969
12/9 0.820 109.395 0.574 76.576 58.63 8.200 661.599 48.542
12/10 0.675 89.975 0.472 62.982 58.63 8.200 544.151 39.925
12/11 0.577 76.924 0.404 53.847 58.63 8.200 465.220 34.134
12/12 0.506 67.487 0.354 47.241 58.63 8.200 408.146 29.946
12/13 0.452 60.312 0.317 42.219 58.63 8.200 364.756 26.763
12/14 0.410 54.655 0.287 38.258 58.63 8.200 330.540 24.252
12/15 0.376 50.067 0.263 35.047 58.63 8.200 302.795 22.216
12/16 0.347 46.274 0.243 32.392 58.63 8.200 279.854 20.533
12/17 0.321 42.812 0.225 29.069 58.63 8.200 258.920 18.997
12/18 0.297 39.601 0.208 27.721 58.63 8.200 239.501 17.573
12/19 0.275 36.631 0.192 25.642 58.63 8.200 221.539 16.255
12/20 0.254 33.884 0.178 23.719 58.63 8.200 204.923 15.035
S TOT 98.320 1310.944 6.882 917.661 58.63 8.200 7928.334 581.713
AFTER 1.896 252.859 1.328 177.001 58.63 8.200 1529.240 112.202
TOTAL 11.729 1563.802 8.210 1094.662 58.63 8.200 9457.574 693.915
CUM. 0.000 0.000 NET OIL REVENUES (M$) 481.350
NET GAS REVENUE (M$) 8976.225
ULT. 11.729 1563.802 TOTAL REVENUES (M$) 9457.575
BTAX RATE OF RETURN (PCT) 84.62 PRODUCT LIFE (YEARS) 26.917
BTAX PAYOUT YEARS 1.54 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 1.66 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 3.66 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 2.43 GROSS WELLS 1.000
INITIAL W.I. % 100.0000 INITIAL NET OIL % 70.0000
FINAL W.I. % 100.0000 FINAL NET OIL % 70.0000
PRODUCTION START DATE 5/06 INITIAL NET GAS % 70.0000
REPORT DATE 5/06 FINAL NET GAS % 70.0000
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
24.208 2000.000 -618.806 -651.832
37.219 0.000 1140.976 341.536
38.335 0.000 756.918 939.716
39.485 0.000 573.571 1351.518
40.670 0.000 463.556 1653.966
41.890 0.000 389.196 1884.758
43.147 0.000 335.054 2065.352
44.441 0.000 293.553 2209.176
45.774 0.000 260.514 2325.200
47.147 0.000 233.431 2419.705
48.862 0.000 210.759 2497.271
50.019 0.000 189.904 2560.811
51.519 0.000 170.409 2612.646
53.065 0.000 152.210 2654.740
54.657 0.000 135.231 2608.739
660.138 2000.000 4685.485 2688.739
781.890 0.000 835.148 2800.184
1442.027 2000.000 5321.633 2800.184
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 5321.633 30.00 1136.310
7.50 3221.943 40.00 761.123
10.00 2800.184 50.00 500.311
12.00 2520.091 60.00 3083.101
15.00 2171.572 70.00 160.526
20.00 1726.285 80.00 43.737
25.00 1394.094 90.00 -50.867
100.00 128.935
PLANT NET REVENUES (M$) 0.000
Lease: RILEY BARNETT 1 (PUD) DATE: 01/07/06
Location: TIME: 16:46:28
County: JACK State: TX DSS FILE: OAKHILLS
Operator: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: BARNETT SHALE SEQ NUMBER: 10
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 1.099 146.568 0.769 102.597 58.63 8.200 886.414 65.037
12/7 1.524 203.134 1.065 142.194 58.63 8.200 1228.518 90.138
12/8 0.971 129.436 0.680 90.605 58.63 8.200 782.804 57.435
12/9 0.731 97.513 0.512 68.259 58.63 8.200 589.739 43.270
12/10 0.594 79.204 0.416 55.443 58.63 8.200 479.010 35.146
12/11 0.504 67.182 0.353 47.027 58.63 8.200 406.302 29.811
12/12 0.440 58.619 0.308 41.033 58.63 8.200 354.518 26.011
12/13 0.391 52.179 0.274 36.525 58.63 8.200 315.567 23.154
12/14 0.354 47.140 0.470 32.998 58.63 8.200 285.095 20.918
12/15 0.323 43.080 0.226 30.156 58.63 8.200 260.537 19.116
12/16 0.298 39.747 0.209 27.823 58.63 8.200 240.380 17.637
12/17 0.276 36.784 0.193 25.749 58.63 8.200 222.461 16.322
12/18 0.255 34.025 0.179 23.817 58.63 8.200 205.776 15.098
12/19 0.235 31.473 0.165 22.031 58.63 8.200 190.343 13.966
12/20 0.218 29.113 0.153 20.379 58.63 8.200 176.067 12.918
S TOT 8.214 1095.195 5.750 766.637 58.63 8.200 6623.531 485.977
AFTER 1.458 194.399 1.021 136.079 58.63 8.200 1175.686 86.262
TOTAL 9.572 1289.594 6.770 902.716 58.63 8.200 7799.217 572.239
CUM. 0.000 0.000 NET OIL REVENUES (M$) 396.947
NET GAS REVENUE (M$) 7402.270
ULT. 9.672 1289.594 TOTAL REVENUES (M$) 7799.216
BTAX RATE OF RETURN (PCT) 57.45 PRODUCT LIFE (YEARS) 25.000
BTAX PAYOUT YEARS 2.13 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 2.37 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 2.97 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 2.01 GROSS WELLS 1.000
INITIAL W.I. % 100.0000 INITIAL NET OIL % 70.0000
FINAL W.I. % 100.0000 FINAL NET OIL % 70.0000
PRODUCTION START DATE 8/06 INITIAL NET GAS % 70.0000
REPORT DATE 8/06 FINAL NET GAS % 70.0000
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
15.074 2000.000 1193.698 -1157.997
36.945 0.000 1301.436 198.337
38.053 0.000 687.316 344.986
39.195 0.000 507.274 709.245
40.370 0.000 403.494 972.532
51.588 0.000 334.909 1171.148
42.829 0.000 285.678 1325.139
44.114 0.000 248.300 1446.799
45.437 0.000 218.740 1544.223
46.800 0.000 194.621 1623.020
48.204 0.000 174.539 1687.258
49.650 0.000 156.488 1739.620
51.140 0.000 139.538 1782.067
52.674 0.000 123.703 1816.278
54.254 0.000 108.895 1843.657
646.321 2000.000 3491.232 1843.657
639.706 0.000 449.718 1925.561
1286.027 2000.000 3940.950 1925.561
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 3940.950 30.00 590.049
7.50 2266.013 40.00 299.489
10.00 1925.561 50.00 103.799
12.00 1699.169 60.00 -35.448
15.00 1417.566 70.00 -238.418
20.00 1059.013 80.00 -216.738
25.00 793.679 90.00 -277.593
100.00 325.668
PLANT NET REVENUES (M$) 0.000
Lease: RILEY BARNETT 2 (PUD) DATE: 01/07/06
Locatoins: TIME: 16:46:28
County: JACK State: TX DSS FILE: OAKHILLS
Operatior: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: BARNETT SHALE SEQ NUMBER: 11
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.919 122.562 0.643 85.793 58.63 8.200 741.229 54.385
12/7 1.613 215.094 1.129 150.564 58.63 8.200 1300.831 95.444
12/8 1.005 133.944 0.703 93.761 58.63 8.200 810.065 59.436
12/9 0.750 100.062 0.525 70.043 58.63 8.200 605.155 44.401
12/10 0.607 80.914 0.425 56.640 58.63 8.200 489.352 35.904
12/11 0.513 68.443 0.359 47.910 58.63 8.200 413.933 30.371
12/12 0.447 59.608 0.313 41.726 58.63 8.200 360.499 26.450
12/13 0.397 52.987 0.278 37.091 58.63 8.200 320.454 23.512
12/14 0.359 47.821 0.251 33.475 58.63 8.200 2989.211 21.220
12/15 0.327 43.666 0.229 30.566 58.63 8.200 264.083 19.376
12/16 0.302 40.265 0.211 28.186 58.63 8.200 243.517 17.867
12/17 0.280 37.270 0.196 26.089 58.63 8.200 225.401 16.538
12/18 0.259 34.475 0.181 24.132 58.63 8.200 208.496 15.298
12/19 0.239 31.889 0.167 22.322 58.63 8.200 192.859 14.150
12/20 0.221 29.497 0.165 20.648 58.63 8.200 178.395 13.089
S TOT 8.239 1098.494 5.767 768.946 58.63 8.200 6643.480 487.441
AFTER 1.493 199.122 1.045 139.385 58.63 8.200 1204.252 88.358
TOTAL 9.732 1297.616 6.812 908.331 58.63 8.200 7847.732 575.799
CUM. 0.000 0.000 NET OIL REVENUES (M$) 399.416
NET GAS REVENUE (M$) 7448.316
ULT. 9.732 1297.616 TOTAL REVENUES (M$) 7847.732
BTAX RATE OF RETURN (PCT) 57.90 PRODUCT LIFE (YEARS) 25.167
BTAX PAYOUT YEARS 2.22 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 2.44 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 2.99 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 2.02 GROSS WELLS 1.000
INITIAL W.I. % 100.0000 INITIAL NET OIL % 70.0000
FINAL W.I. % 100.0000 FINAL NET OIL % 70.0000
PRODUCTION START DATE 9/06 INITIAL NET GAS % 70.0000
REPORT DATE 9/06 FINAL NET GAS % 70.0000
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
32.044 2000.000 -1325.201 1267.895
36.854 0.000 1168.534 -249.470
37.959 0.000 712.670 313.946
39.098 0.000 521.655 688.548
40.271 0.000 413.177 958.160
41.479 0.000 342.083 1161.033
42.724 0.000 291.325 1318.070
44.005 0.000 252.937 1442.003
45.325 0.000 222.665 1541.176
46.685 0.000 198.022 1621.350
48.086 0.000 177.564 1686.701
49.528 0.000 159.335 1740.015
51.014 0.000 142.184 1783.267
52.545 0.000 126.164 1818.158
54.121 0.000 111.185 1846.113
641.739 2000.000 3514.300 1846.113
650.288 0.000 465.606 1930.604
1292.027 2000.000 3979.906 1930.604
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 379.906 30.00 587.378
7.50 2275.545 40.00 299.253
10.00 1930.604 50.00 107.025
12.00 1701.630 60.00 -28.396
15.00 1417.362 70.00 -127.481
20.00 1056.535 80.00 -202.004
25.00 790.604 90.00 -259.225
100.00 -303.857
PLANT NET REVENUES (M$) 0.000
Lease: RILEY BARNETT 3 (PUD) DATE: 01/07/06
Location: TIME: 16:46:27
County: JACK State: TX DSS FILE: OAKHILLS
Operatior: OAK HILLS ENERGY INC SETUP FILE: JPD06
Formation: BARNETT SHALE SEQ NUMBER: 12
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 0.506 67.510 0.354 47.257 58.63 8.200 408.280 29.957
12/7 1.817 242.328 1.272 169.629 58.63 8.200 1465.550 107.529
12/8 1.068 142.404 0.748 99.683 58.63 8.200 861.235 63.190
12/9 0.782 104.322 0.548 73.025 58.63 8.200 6303.918 46.291
12/10 0.626 83.518 0.438 58.463 58.63 8.200 505.101 37.060
12/11 0.527 70.216 0.369 49.151 58.63 8.200 424.650 31.157
12/12 0.457 60.900 0.320 42.630 58.63 8.200 368.309 27.023
12/13 0.405 53.974 0.283 37.785 58.63 8.200 326.424 23.950
12/14 0.365 48.602 0.255 34.021 58.63 8.200 293.936 21.566
12/15 0.332 44.301 0.233 31.011 58.63 8.200 267.927 19.658
12/16 0.306 40.787 0.214 28.553 58.63 8.200 246.671 18.099
12/17 0.283 37.751 0.198 26.425 58.63 8.200 228.308 16.751
12/18 0.262 34.919 0.183 24.444 58.63 8.200 211.185 15.495
12/19 0.242 32.300 0.170 22.610 58.63 8.200 195.346 14.333
12/20 0.224 29.878 0.157 20.914 58.63 8.200 180.695 13.258
S TOT 8.203 1093.710 5.742 765.597 58.63 8.200 6614.544 485.318
AFTER 1.529 203.844 1.070 142.691 58.63 8.200 1232.807 90.453
TOTAL 9.732 1297.553 6.812 908.287 58.63 8.200 7847.351 575.771
CUM. 0.000 0.000 NET OIL REVENUES (M$) 399.397
NET GAS REVENUE (M$) 7447.954
ULT. 9.732 1297.553 TOTAL REVENUES (M$) 7847.361
BTAX RATE OF RETURN (PCT) 57.92 PRODUCT LIFE (YEARS) 25.333
BTAX PAYOUT YEARS 2.40 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 2.61 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 2.99 GROSS GAS WELLS 1.000
BTAX NET INCOME/INVEST (DISC) 2.02 GROSS WELLS 1.000
INITIAL W.I. % 100.0000 INITIAL NET OIL % 70.0000
FINAL W.I. % 100.0000 FINAL NET OIL % 70.0000
PRODUCTION START DATE 11/06 INITIAL NET GAS % 70.0000
REPORT DATE 11/06 FINAL NET GAS % 70.0000
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
TOTAL FOR RSV_CAT:
10.0%
NET OPER CAPITAL CASH FLOW CUM. DISC
EXPENSES COSTS M$ BTAX, M$ BTAX, M$
6.007 2000.000 -1627.676 -1520.768
36.673 0.000 1321.348 -308.258
37.773 0.000 760.272 232.922
38.906 0.000 545.721 624.845
40.073 0.000 427.968 904.125
41.275 0.000 352.218 1113.017
42.514 0.000 298.772 1274.072
43.789 0.000 258.684 1400.823
45.103 0.000 227.267 1502.048
46.456 0.000 201.813 1583.757
47.849 0.000 180.723 1650.272
49.285 0.000 162.272 1704.568
50.763 0.000 144.927 1748.654
52.286 0.000 128.727 1784.254
53.855 0.000 113.583 1812.811
632.607 2000.000 3496.619 1812.811
659.420 0.000 482.934 1900.101
1292.027 2000.000 3979.553 1900.101
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 3979.553 30.00 562.240
7.50 2248.171 40.00 282.930
10.00 1900.101 50.00 100.030
12.00 1669.732 60.00 -26.257
15.00 1384.688 70.00 -116.691
20.00 1024.891 80.00 -183.154
25.00 761.729 90.00 -232.926
100.00 -270.706
PLANT NET REVENUES (M$) 0.000
3 PUD - BARNETT SHALE 6 PUD WELLS DATE: 01/07/06
TIME: 16:46:27
DSS FILE: OAKHILLS
SETUP FILE: JPD06
SEQ NUMBER: ******
RESERVE AND ECONOMIC SUMMARY
Discount Date: 1/06
PRICES OPERATIONS M$
- -END- --GROSS PRODUCTIONS-- --NET PRODUCTIONS-- OIL GAS NET OPER SRV + ADV
MO-YR OIL, MBBL GAS, MMCF OIL, MBBI GAS, MMCF $/B $/M REVENUES TAXES
12/6 8.388 1118.367 5.871 782.857 58.63 8.200 6763.667 496.259
12/7 10.019 1335.889 7.013 935.122 58.63 8.200 8079.201 592.782
12/8 6.446 859.418 4.512 601.592 58.63 8.200 5197.593 381.354
12/9 4.883 651.081 3.418 455.757 58.63 8.200 3937.613 288.908
12/10 3.980 530.635 2.786 371.444 58.63 8.200 3209.175 235.461
12/11 3.383 451.113 2.368 315.779 58.63 8.200 2728.247 200.175
12/12 2.957 394.256 2.070 275.979 58.63 8.200 2384.386 174.946
12/13 2.635 351.365 1.845 245.956 58.63 8.200 2124.990 155.913
12/14 2.383 317.735 1.668 222.415 58.63 8.200 1921.603 140.991
12/15 2.179 290.584 1.526 203.409 58.63 8.200 1757.399 128.943
12/16 2.013 268.220 1.408 187.754 58.63 8.200 1622.142 119.019
12/17 1.851 248.198 1.303 173.739 58.63 8.200 1501.056 110.134
12/18 1.722 229.583 1.205 160.708 58.63 8.200 1388.477 101.874
12/19 1.593 212.365 1.115 145.655 58.63 8.200 1284.341 94.234
12/20 1.473 196.437 1.031 137.506 58.63 8.200 1188.016 87.166
S TOT 55.914 7455.249 39.140 5218.674 58.63 8.200 45087.900 3308.160
AFTER 10.753 1433.723 7.527 1003.606 58.63 8.200 8670.878 636.194
TOTAL 66.667 8888.971 46.667 6222.280 58.63 8.200 53758.780 3944.354
CUM. 0.000 6888.663 NET OIL REVENUES (M$) 2736.092
NET GAS REVENUE (M$) 51022.680
ULT. 66.667 8888.971 TOTAL REVENUES (M$) 53758.790
BTAX RATE OF RETURN (PCT) 76.99 PRODUCT LIFE (YEARS) 29.250
BTAX PAYOUT YEARS 7.80 DISCOUNT RATE (PCT) 10.000
BTAX PAYOUT YEARS (DISC) 1.91 GROSS OIL WELLS 0.000
BTAX NET INCOME/INVEST 3.46 GROSS GAS WELLS 6.000
BTAX NET INCOME/INVEST (DISC) 2.31 GROSS WELLS 6.000
INITIAL W.I. % 100.0000 INITIAL NET OIL % 70.0000
FINAL W.I. % 100.0000 FINAL NET OIL % 70.0000
PRODUCTION START DATE 1/05 INITIAL NET GAS % 70.0000
REPORT DATE 1/05 FINAL NET GAS % 70.0000
PLANT GROSS PROD (MU) 0.000 PLANT NET PRODUCTION (MC) 0.000
10.0%
NET OPER CAPITAL -5838.373 CUM. DISC
EXPENSES COSTS M$ 7264.291 BTAX, M$
105.781 12000.000 4587.447 5744.407
222.128 0.000 3413.050 584.186
228.791 0.000 2730.989 4210.289
235.655 0.000 1413.050 6660.974
242.725 0.000 2730.989 8442.917
250.007 0.000 2278.066 9793.860
257.507 0.000 1951.933 10845.990
265.232 0.000 1703.845 11680.800
273.189 0.000 1507.423 12352.170
281.385 0.000 1347.072 12897.540
289.826 0.000 1213.297 13344.080
298.521 0.000 1092.401 13709.580
307.477 0.000 979.126 14007.420
316.701 0.000 873.406 14248.950
326.202 0.000 774.647 14443.710
3901.126 12000.000 25878.620 14443.710
4451.038 0.000 3583.647 15073.860
8352.163 12000.000 29462.260 15073.860
PRESENT WORTH PROFILE
DISC PW OF NET DISC PW OF NET
RATE BTAX, M$ RATE BTAX, M$
0.00 29462.270 30.00 5686.259
7.50 17476.270 40.00 3620.145
10.00 15073.850 50.00 2208.838
12.00 13481.101 60.00 1187.603
15.00 11503.410 70.00 418.015
20.00 8987.480 80.00 -179.657
25.00 7122.705 90.00 -654.733
100.00 1039.408
PLANT NET REVENUES (M$) 0.000