“Jouret Royalty Interest”

Martin County, Texas

Producing Mineral & Royalty Interest

•   1,200.00 Gross Acres

•   Varying Mineral & Royalty Interests

•   15.0000 Net Mineral Acres

•    120.6667 Net Royalty Acres

•   Operated by Pioneer Natural Resources, Inc. &
Guidon Energy Management Services, LP

•    Potential Horizontal Objectives:
Middle & Lower Spraberry, Jo Mill, Wolfcamp A,
Wolfcamp B, & Wolfcamp D

•    7 Producing Vertical Wolfberry Wells

•    13 DUC Horizontal Wells (Spraberry & Wolfcamp)

•    11 Permitted Horizontal Wells (Spraberry & Wolfcamp)

•    Average Daily Production:
41 BOPD & 32 MCFGPD (Gross)
0.39 BOPD & 0.29 MCFGPD (Net)

•    Average Net Income:
$1,092 / Month*