Peak Nebraska Acquisitions, LLC

KANSAS CITY / LANSING
MULTIPLE PAY
OPERATED WELLS AND ACREAGE

Nebraska Operated Wells and Acreage

• Large consolidated acreage block
• 56,193 gross acres / 48,025 net acres
• Leases
  • Original 5-year lease terms begin expiring 10/2010
  • Majority have options to extend another 5 years for $5/acre
  • Paid up fee leases
• 62+ square miles of proprietary 3D seismic shot and interpreted in 2007
• Recent porosity and structural mapping indicates the likely existence of several large prospective fields
• Wells
  • 16 wells drilled - all with oil shows
    • 6 wells producing / 6 wells SI / 4 wells P&A’d
  • Low drilling and completion costs (approximately $300K/well)
  • Average drilling time of 6 days
  • Primary objectives are the A – F carbonate sequences in the Kansas City / Lansing Group
  • Additional potential in Upper Oread and Cherokee Sands
  • Average total depth of wells is ~4,250 feet

NOTE: A Confidentiality Agreement ("CA") must be executed prior to receiving the data package.
Please visit our web-site to order this package and download the required CA.

Dataroom will be available May 10, 2010