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Marcellus / Utica Leasehold
Forest and Warren Counties, Pennsylvania

- Marcellus / Utica Leasehold Interests
- ~10,914 gross acres
- ~9,031 Marcellus net acres
- ~7,646 Utica net acres
- 100% working interest
- 84% delivered net revenue interest
- Majority of acreage covered by HBP leases with production
from Medina Formation
- Active drilling and seismic operations in immediate area
- Infrastructure in place to handle increased development
- Seller owns extensive pipeline system with excess capacity
available to buyer of Marcellus / Utica rights
- Seller will consider alternative deal structures

FOR QUESTIONS PLEASE CONTACT |
| Julia Foster, CPL |
(303) 721-6354 ext. 229 |
| David Bickerstaff, Geologist |
(303) 721-6354 ext. 232 |
| Chris McCarthy, P.E. |
(303) 721-6354 ext. 224 |
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BID DATE
NOVEMBER 01, 2011 |
EFFECTIVE DATE
OCTOBER 01, 2011 |
CLOSING DATE
NOVEMBER 29, 2011 |
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