Following perforation of an additional zone, the Matthys-McMillan 1 well is currently flowing at a flow rate of 4.6 million standard cubic feet per day of gas, an increase of approximately 53% over the initial flow rate. The Matthys-McMillan 1 well forms part of the Hite Offset Property and is located in the Wharton West Wilcox Field, Wharton County, Texas, US.

The Bell Minerals 1 well reached its target depth of 9,400 feet in the Hackberry Section. The well was then logged but did not encounter hydrocarbons. Information from the well will be used to further evaluate the potential of the area. The Bell Minerals 1 well forms part of the Alligator Property and is located in Calcasieu Parish, Louisiana, US.

The Jonell Cerny gas unit 1 well commenced drilling. Anticipated to take 60 days to drill, this well is targeting gas in the Deep Wilcox Sands at a total depth of 16,500 feet. The targeted sands are currently producing in the nearby Matthys-McMillan well. The Jonell Cerny gas unit 1 well forms part of the Wilcox 116 Property and is located in Wharton County, Texas, US.

The Mud Slide Slim ’15’ Federal Com 1 commenced drilling. Anticipated to take 30 days to drill, this well is targeting gas in the middle Morrow formation at a depth of 13,200 feet. The middle Morrow formation produces from wells directly offsetting the Caza acreage. The Mud Slide Slim ’15’ Federal Com 1 forms part of the Lynch Property and is located in Lea County, New Mexico, US.