MCLISH RESOURCES PARTNERSHIP LP, LLP

Core Delaware Basin Royalty Interest

6.25% Overriding Royalty Interest in 1,360 gross/net acres
Tier 1 location with a high level of offset drilling activity
Operators testing equivalent spacing up to 32 wells per section
Rockcliff, Chevron, Marathon and Noble notable offset operators
Current net cashflow of ~$10,000 per month from 19 vertical wells
Minimal risk of underlying lease losing HBP status due to consistent vertical production and lack of pugh clause