“Clark S146 Mineral Interest”

Reagan County, Texas

Producing Mineral Interest

•   645.37 Gross Acres

•   12.50% Mineral Interest

•    80.6713 Net Mineral Acres

•    123.0740 Net Royalty Acres

•    Operated by Laredo Petroleum, Inc.

•    Potential Horizontal Objectives:
Middle & Lower Spraberry, Wolfcamp A, Upper &
Lower Wolfcamp B, Wolfcamp C & Wolfcamp D/Cline

•     9 Producing Vertical Wolfberry Wells

•    7 Producing Horizontal Wolfcamp Wells

•    Average Daily Production:
2,750 BOPD & 14,747 MCFGPD (Gross)
35 BOPD & 184 MCFGPD (Net)

•    Average Net Income:
$40,845 / Month