Project Facts

• Discovered in 1934 by Texaco
• Over 900 wells drilled
• One of the Largest remaining Louisiana State Leases (16,600 acres)
• 41 Pay sands (Pliocene to Miocene) from 1,400’ to 13,000’
• Over 1.6 TCFE produced
• Over 28 MMBOe Untested Intermediate Potential – 40 Locations
• Newly reprocessed 68 square mile 3D seismic surve
• Field is largely untested below 12,000’
• Over 133 MMBOe Untested Subsalt Potential

Ownership

• 100% WI
• Operator 16,600 net acres

Status

• 26 wells producing 785 BOPD

2011

• Subsalt test – Spud January 2011
• 1st Well of Intermediate Program Spuds February 2011
• Additional Intermediate Wells Possible