Clearview Energy, LLC

SOUTHWEST WILLISTON BASIN
Upper Three Forks / Bakken Horizontal Drilling Program

The South Sidney Project presents a unique opportunity
to develop Upper Three Forks and Bakken oil reserves
in a high-potential area of the Southwest Williston Basin

• Situated directly south of Elm Coulee Field and on trend with and bearing direct analogy to the “Lewis and Clark” Project currently being developed by Whiting
• Project area in the path of Bakken / Upper Three Forks development focusing on the anomalous Upper Three Forks resistivities and favorable source-reservoir geometries within the Upper and Lower Shale and Bakken maturity limits
• Active offset permitting and drilling activity continuing to prove up acreage
  • Operators include EOG Resources, Whiting Petroleum, Continental Resources, Slawson Exploration, Fidelity E&P and ConocoPhillips
• Intense leasing competition within the project area
• 24,423 gross acres / 12,397 net acres
  • 50% average working interest / 79% delivered net revenue interest
  • New paid-up fee leases with 2 – 4 ½ year terms
  • Leases cover all depths
• 9.7 net locations available on 1280-acre drill site spacing units and 19.4 net locations on 640-acre drill site spacing units
  • Future additional locations available within each spacing unit
• Seller has control in 15 sections with >50% WI or largest leasehold owner
• Estimated total project potential of approximately 20 million barrels
  (using 1 million barrels / section estimated recoverable oil)
• Upper Three Forks play has been confirmed by high-volume wells drilled by Whiting, Slawson and other operators
• Bakken has been developed in this portion of the basin for 50+ years
• Application of horizontal drilling technology and multi-stage completions has resulted in increased production rates and EUR’s
• Services and infrastructure to support development are expanding across area