Woodford Shale

As of December 31, 2015

• Non-operated working interest in 82 well bores
• Estimated Proved Reserves:
  • Based on SEC Required Prices: 363 MBoe*
• Net Producing Wells: 9

The Woodford Shale is located in the Arkoma Basin in southern Oklahoma.  This area is gas-rich and is characterized by multiple productive zones.

 *  Estimated by third party reserve engineers based on the price method prescribed by the SEC at December 31, 2015.