St. Croix
Exploration Company
DJ

DJ BASIN
NIOBRARA OIL PLAY
LEASEHOLD INTERESTS

Niobrara Oil Play
DJ Basin
Weld County, Colorado and Laramie County, Wyoming

• Located in the heart of the active Niobrara play
  • North of the EOG Red Poll 10-16H discovery well
    • Max production rate of ~1,100 gross BOPD
  • North of the EOG Jake 2-01H discovery well
    • Max production rate of ~1,550 gross BOPD
  • 60+ drilling locations permitted North, South and West of the leasehold acreage
  • Estimated OOIP of 20 - 30 MMBoe per section
  • Estimated recovery of 5% yields 1.0 – 1.5 MMBoe per section
  • Application of horizontal drilling technology has resulted in increased initial production rates
  • Niobrara in area shows similar characteristics to Silo Field
  • Additional prospective horizontal zones within the Greenhorn Shale / Limestone and Codell
• Leasehold Interest
  • 100% working interest / 80% net revenue interest
  • Leases in over 120 sections
  • 28,000+ net acres
  • New fee and state leases
  • Lease term of 3 years plus two year option or 5 year paid-up
  • Union Pacific minerals in only ~14 sections