Bridge and Paramax

WESTERN IDAHO BASIN
Development Drilling Opportunities
Willow and Hamilton Fields and Surrounding Leasehold

Package 1: Willow and Hamilton Fields

• The Western Idaho Basin has had numerous wells drilled with documented gas
  shows since the 1920’s. Bridge/Paramax utilized modern technology to delineate
  the first two commercial fields in the state of Idaho by the drilling of eleven wells
  in 2010. Bridge/Paramax is now offering for sale the opportunity for an operator
  to continue an exploration and development program in a new basin, in an
  industry friendly state with recently updated oil and gas laws.
• Production package contains two fields producing from depths of 1800’-4100’,
  pipeline rights of way, pipe and CUP to achieve first production very quickly.
• ~36,000 acres of development acreage on 160-acre spacing.
  Acreage is 75% fee and 25% state/federal ownership. As this is a new
  basin, acreage prices and terms are extremely favorable.
• 100% working interest / 80% net revenue interest
• Willow Field has tested 1150 BTU sweet gas and 61.5° API condensate with four
  potential pay horizons in traditional clastic reservoirs. Estimated EUR of 1-6
  BCF/well.
• Hamilton Field has tested 1030 BTU gas from laterally continuous stacked
  lacustrine turbidites at depths of 1800’ with an estimated EUR of 1-2 BCF/well.
• Third party reserve report assigned 2,183 MBOE 2P reserves
• Fields are adjacent to Northwest/Williams Gas Pipeline with 1.3 BCF/day capacity.
  Completion of 300MW Langley Gulch Power Station in 2012 with a daily
  requirement of 50 MMCFD will add additional market.
• An absence of volcanics on the surface allows for uncomplicated drilling and
  excellent seismic data acquisition. Aeromag survey covering entire area along
  with licensed and proprietary (40 miles of 2D) seismic data available to buyer.

Package 2: Leasehold Outside of Willow and Hamilton Fields

• ~80,000 net acres in close proximity to Willow and Hamilton Fields is being
  offered on an alternative deal structure. Bridge is seeking development
  proposals such as farmout or other drill to earn type deals.

NOTE: A Confidentiality Agreement (“CA”) must be executed prior to receiving the data package. Meagher will furnish to you a CA for execution prior to any data room visit.