th to the first discovery at 14,040 feet with 1,100 feet of cumulative producing horizons of which only 60% has been completed and connected to the Anadarko pipeline with estimated initial production of four (4) million cubic feet of natural gas and 150 barrels of condensate per day. The pipeline of two

to commence in 2014-15 based on budget projections and drilling schedule. Hugoton Embayment. The Hugoton Embayment, a northwestern extension of the Anadarko Basin, is located principally in southeastern Colorado, southwestern Kansas, and the Oklahoma panhandle. We own leases in three (3) Emerging Prospe

mum-1— EFTA00780269 Marcellus Drilling Permits Compared with Preferred Lease Fairway & Current Offerings 0 Four Current Lease Offerings, ;, C) Anadarko O Atlas • Cabot • Chesapeake O Chief • CNX • Dominion East Resources EOG Equitable Fortuna • O • • O O North Coast PGE Petroed

Oil CLR 4.5%'23 Walston 8 Anadarko 3.4x 102.3 4.00 179 4.910 278 PAM 4.75%'24 Porn 1n 1.58 100.8 4.57 213 5.06 263 tiFX 5.625%74 Anadarko 2.1x 108.0 4.21 193 435 253 FE 525%R4 Permian 2.1x 105.5 4.86 248 5.13 282 Average 2.3x 441 208 6.01 2119 Higher Quality -Gas

and legacy decline statistics by region, lead to the below sensitivities in supply growth. These figures deal with onshore tight oil regions only (Anadarko, Bakken, Permian, Appalachian, Eagle Ford, Haynesville and Niobrara), excluding some conventional and all offshore production. Caveats are that th