Wold Oil Properties, Inc.

DANFORTH HILLS AND MAUDLIN GULCH FIELDS
Operated Producing Properties

Danforth Hills and Maudlin Gulch Fields

• Current Operations
  • 13 producing wells / 2 shut-in wells
  • 100% working interest / 84.4% average net revenue interest
  • Projected August 2010 production / cash flow
    • 5,069 BO gross production
    • 4,278 BO net production
    • $127,740 net monthly cash flow
  • Producing formations include the Dakota, Morrison, Sundance (Entrada), Shinarump, Moenkopi, Phosphoria and Weber
  • ~6,450 gross acres / ~ 5,848 net acres
    • Majority of acreage is HBP
    • Leases cover all depths
  • 100% ownership of 4 Bear Pipeline from fields to loading facility
  • Estimated net PDP reserves as of August 1, 2010
    • 330 MBO
    • PV10 value of $5.26MM
• Significant Upside Potential in Minturn Formation Development
  • 9 locations identified on acreage block
  • Projected payout less than 2 years
  • Average drilling and completion cost per well of $1.75MM
  • Total estimated net reserves
    • 827.1 MBO
    • 5,292 MMcf
    • PV10 of $20.7MM