Lambda Energy Resources - Michigan Production and Leasehold

Monthly net cash flow of $350,029 (June, projected)
Net PDP reserves of 1,827 MBO, 19.6 BCF, and 48 Mbbls NGL
PDP of $27.0 MM with additional $94.6 MM in upside (PV10)
321 net BOPD primarily from secondary recovery with shallow declines, often <6%.
6.0 net MMCFD and 18 Bbls/NGL per day from PDC and Antrim vertical wells
442 producing wells and 129 Inj/SWD wells averaging 96% WI and 85% NRI
Includes one gas plant and 20 central processing facilities