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South Heart Company

SOUTH HEART UNIT
Operated Properties and Leasehold
Stark County, North Dakota

~2,546 net acres located within the prolific Bakken and Three Forks plays
Current Operations
- 1 producing well
  - 99.9% working interest / 79.9% net revenue interest
  - Production from the Tyler-Heath formation
  - Projected August 2010 production / cash flow
    - 886 BO gross production
    - 708 BO net production
    - $30,171 net monthly cash flow
  - Estimated net reserves as of August 1, 2010
    - 149,740 BO
    - PV10 of $2.524MM
- 2 SWD wells
  - 99.9% working interest
  - $3,224 average monthly income from 3rd parties
Upside Potential
- Additional multi-pay opportunities
- Development locations within the unit boundaries
- Application of new drilling and completion techniques
- Proprietary 3-D seismic data over acreage block

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