Well Name: UNIVERSITY H. Surface Location: 300 FNWL, 907 FNEL / Bottom Hole Location: 200 FSEL, 567 FNEL - WARD, TX Rpt T. Activity: 24 - Idle

Transcription

1 Report No: 2 Report Date: 12/22/2012 Surface Location: 300 FNWL, 907 FNEL / Bottom Hole Location: 200 FSEL, 567 FNEL - WARD, TX Report No: 2 Rpt T. Activity: 24 - Idle AFE #: PB Operation Desc: MOVE AND RIG UP. AFE Total: $6,862,800 Spud Date: 12/25/2012 API Code: AFE DHC: $3,677,550 Days from Spud: -4 Rig Supervisor 1: ROY KIMBEL Daily Costs: $35,775 Field Name:EORGES (BONE S Rig Supervisor 2: RON PULLIAM ( ) - This AFE DHC to Date: $462,900 Sec/Twn/Rng: 8 / / Tool Pusher: STACEY This AFE CWC to Date: $462,900 Start Depth(ft): 110 Formation: Total Project Costs: $766,181 Ending Depth(ft): 110 RKB to MSL: 2765 RKB to THF: 0 Total w/ Assoc AFEs : $766,181 TVD: 0 RKB to LMF: 0 RKB to CHF: 0 Daily Mud Costs: $0 Rig Company: PRECISION DRIL 24 Hr. Footage: 0 Develop To: 0 Cum Mud Costs: $0 Rig Name: PRECISION #593 Location Survey: Univ Lands Abstract: 24-Hour Summary/: 24 HOUR REPORT: LOWER SUB BASE AND DERRICK, LOAD OUT TRUCKS, 85% MOVE AND 10% RIG UP ON NEW LOCATION. WAIT ON DAY LIGHT TO COMPLETE MOVE. RIG MOVE 55 MILES DAILY COST: $35,775 CUM COST: $462,900 CMIC: RON PULLIAM BOP Test and Inspection Dates Last BOP Test: Days Since BOP Tested: Last Inspection: Last BOP Drill Date: BOP Test Due: Hours Summary ( Daily / Cumulative ) Drilling Rotating Trips Circulating Down Other Operations Start Hrs Code Start Depth End Depth Run 6: LOWER SUB BASE AND DERRICK, LOAD OUT TRUCKS, 85% MOVE AND 10% RIG UP NIH ON NEW LOCATION. 18: WAIT ON DAY LIGHT TO COMPLETE MOVE NIH Total: Drilling Data Hook Load: 0 Pick Up: 0 Slack Off: 0 Over Pull: 0 ROP: 0.00 Pres on Bot: 0 Press Off Bot: 0 Kickoff Depth: 0 WOB: Rotary RPM: 0 Motor RPM: 0 Torque: 0 BHA Hours: 0.00 Crew Status: : Personnel Data Company Service Qty. Hours Company Service Qty. Hours ANDY ERWIN CONSUL RON PULLIAM Percision Drilling Rig Crews Percision Drilling RIG MOVERS Totals Daily Cost Details IDC IDC - COMPANY SUPER RK PULLIAM CONSULT CONSULTANT $1,500 $3,000 IDC - ROAD & SITE CON $160,000 IDC - RIGHT OF WAY & $35,000 IDC - PERMITS SURVEY $15,000 IDC - DRILL - CONTRAC PRECISION DRILLING DAY RATE $24,500 $49,000 IDC - DRILL - FLUIDS $65,000 IDC - AFE CONTINGENC AFE CONTIGENCY DAILY CHARGE $4,000 $8,000 Total IDC: $30,000 $462,900 Total Cumulative Well Costs: $30,000 $462,900 12/22/ Idle $35,775 $462,900 $6,862,800 Page 1 of 1 Powered by Production Access 12/27/2012

2 Report No: 3 Report Date: 12/23/2012 Surface Location: 300 FNWL, 907 FNEL / Bottom Hole Location: 200 FSEL, 567 FNEL - WARD, TX Report No: 3 Rpt T. Activity: 24 - Idle AFE #: PB Operation Desc: RIG UP AFE Total: $6,862,800 Spud Date: 12/25/2012 API Code: AFE DHC: $3,677,550 Days from Spud: -3 Rig Supervisor 1: ROY KIMBEL Daily Costs: $62,301 Field Name:EORGES (BONE S Rig Supervisor 2: RON PULLIAM ( ) - This AFE DHC to Date: $525,201 Sec/Twn/Rng: 8 / / Tool Pusher: STACEY This AFE CWC to Date: $525,201 Start Depth(ft): 110 Formation: Total Project Costs: $766,181 Ending Depth(ft): 110 RKB to MSL: 2765 RKB to THF: 0 Total w/ Assoc AFEs : $766,181 TVD: 0 RKB to LMF: 0 RKB to CHF: 0 Daily Mud Costs: $0 Rig Company: PRECISION DRIL 24 Hr. Footage: 0 Develop To: 0 Cum Mud Costs: $0 Rig Name: PRECISION #593 Location Survey: Univ Lands Abstract: 24-Hour Summary/: 24 HOUR REPORT: COMPLETE RIG MOVE FROM UNIVERSITY #1H TO UNIVERSITY 8-19 #1. RIG UP WORKING PITS, SET IN MUD PUMPS AND GENERATORS. SET SUB BASE AND DERRICK. 75% RIG UP. WAIT ON DAY LIGHT TO RAISE DERRICK AND SUB BASE. INCIDENT AT 10:20 HOUR, 12/21/2012. WAS NOT REPORTED TO RIG PUSHER AND ENERGEN CONSULTANT UNTIL 08:10 HOUR 12/22/2012. THIRD PARTY TRUCK DRIVER WAS OFF LOADING STEEL MUD TANK ON UNIVERSITY 8-19 #1H. WINCH LINE BROKE, LINE BROKE BACK GLASS OF TRUCK, SOME GLASS STRIKING DRIVER. HE WAS TAKEN TO HOSPITAL FOR OBSERVATION, NO TREATMENT WAS PERFORMED ON TRUCK DRIVER. THIRD PARTY INCIDENT REPORT WILL FOLLOW. DAILY COST: $62,301 CUM COST: $525,201 CMIC: RON PULLIAM BOP Test and Inspection Dates Last BOP Test: Days Since BOP Tested: Last Inspection: Last BOP Drill Date: BOP Test Due: Hours Summary ( Daily / Cumulative ) Drilling Rotating Trips Circulating Down Other Operations Start Hrs Code Start Depth End Depth Run 6: COMPLETE RIG MOVE FROM UNIVERSITY #1H TO UNIVERSITY 8-19 #1. RIG UP NIH WORKING PITS, SET IN MUD PUMPS AND GENERATORS. SET SUB BASE AND DERRICK. 18: WAIT ON DAY LIGHT TO RAISE DERRICK AND SUB BASE NIH Total: Drilling Data Hook Load: 0 Pick Up: 0 Slack Off: 0 Over Pull: 0 ROP: 0.00 Pres on Bot: 0 Press Off Bot: 0 Kickoff Depth: 0 WOB: Rotary RPM: 0 Motor RPM: 0 Torque: 0 BHA Hours: 0.00 Crew Status: : Personnel Data Company Service Qty. Hours Company Service Qty. Hours ANDY ERWIN CONSUL RON PULLIAM Percision Drilling Rig Crews Percision Drilling RIG MOVERS Totals Daily Cost Details IDC IDC - COMPANY SUPER RK PULLIAM CONSULT CONSULTANT $1,500 $4,500 IDC - ROAD & SITE CON $160,000 IDC - RIGHT OF WAY & $35,000 IDC - PERMITS SURVEY $15,000 IDC - DRILL - CONTRAC PRECISION DRILLING DAY RATE $24,500 $73,500 IDC - DRILL - FUEL POW WESTERN PETROLEU DIESEL FUEL FOR RIG $24,927 $24,927 IDC - DRILL - HAULING RAM ROD HOT SHOT SCOUT TOOL. $1,299 $1,299 IDC - DRILL - FLUIDS $65,000 IDC - AFE CONTINGENC AFE CONTIGENCY DAILY CHARGE $4,000 $12,000 Total IDC: $56,226 $525,201 Total Cumulative Well Costs: $56,226 $525,201 12/23/ Idle $62,301 $525,201 $6,862,800 Page 1 of 1 Powered by Production Access 12/27/2012

3 Report No: 4 Report Date: 12/24/2012 Surface Location: 300 FNWL, 907 FNEL / Bottom Hole Location: 200 FSEL, 567 FNEL - WARD, TX Report No: 4 Rpt T. Activity: 24 - Idle AFE #: PB Operation Desc: RIG UP AFE Total: $6,862,800 Spud Date: 12/25/2012 API Code: AFE DHC: $3,677,550 Days from Spud: -2 Rig Supervisor 1: ROY KIMBEL Daily Costs: $67,735 Field Name:EORGES (BONE S Rig Supervisor 2: RON PULLIAM ( ) - This AFE DHC to Date: $592,936 Sec/Twn/Rng: 8 / / Tool Pusher: STACEY This AFE CWC to Date: $592,936 Start Depth(ft): 110 Formation: Total Project Costs: $766,181 Ending Depth(ft): 110 RKB to MSL: 2765 RKB to THF: 0 Total w/ Assoc AFEs : $766,181 TVD: 0 RKB to LMF: 0 RKB to CHF: 0 Daily Mud Costs: $0 Rig Company: PRECISION DRIL 24 Hr. Footage: 0 Develop To: 0 Cum Mud Costs: $0 Rig Name: PRECISION #593 Location Survey: Univ Lands Abstract: 24-Hour Summary/: 24 HOUR REPORT: RAISE SUB BASE AND DERRICK, FINISH SETTING EQUIPMENT. RIG UP FLOOR AND TOP DRIVE. RIG UP MUD LINES. CONNECT ELECTRICAL LINES FOR PUMPS, DRAW WORKS. CONNET HYDRAULIC LINES TO TOP DRIVE. CUT DITCHES AROUND RIG AND INSTALL GROUND RODS. 95% RIG UP. RIG HAND STEP THROUGH FLOOR GRADDING AND SKIN RIGHT LEG DUE TO WELD BROKE ON FLOOR GRADING. FIRST AID ONLY, WELDER REWELDED HINDGE ON FLOOR GRADING. DAILY COST: $67,735 CUM COST: $592,936 CMIC: RON PULLIAM BOP Test and Inspection Dates Last BOP Test: Days Since BOP Tested: Last Inspection: Last BOP Drill Date: BOP Test Due: Hours Summary ( Daily / Cumulative ) Drilling Rotating Trips Circulating Down Other Operations Start Hrs Code Start Depth End Depth Run 6: SET IN EQUIPMENT, RAISE SUB BASE AND DERRICK. RIG UP MUD LINES AND RIG NIH FLOOR. CONNECT ELECTRICAL LINES TO PUMPS, DRAW WORKS. CUT DITCHES AROUND RIG AND INSTALL GROUND RODS. CONNECT HYDRAULIC LINES FOR TOP DRIVE. 0: WAIT ON DAY LIGHT CREW NIH Total: Drilling Data Hook Load: 0 Pick Up: 0 Slack Off: 0 Over Pull: 0 ROP: 0.00 Pres on Bot: 0 Press Off Bot: 0 Kickoff Depth: 0 WOB: Rotary RPM: 0 Motor RPM: 0 Torque: 0 BHA Hours: 0.00 Crew Status: : Personnel Data Company Service Qty. Hours Company Service Qty. Hours ANDY ERWIN CONSUL RON PULLIAM Percision Drilling Rig Crews Percision Drilling RIG MOVERS Totals Health Safety and Environment Type Date Activity Company Name Personnel Drilling 12/23/2012 PRECISION DRILLING RIG HAND STEP THROUGH FLOOR GRADDING AND SKIN RIGHT LEG DUE TO WELD BROKE ON FLOOR GRADING. FIRST AID ONLY, WELDER REWELDED HINDGE ON FLOOR GRADING. Daily Cost Details IDC IDC - COMPANY SUPER RK PULLIAM CONSULT CONSULTANT $1,500 $6,000 IDC - ROAD & SITE CON $160,000 IDC - RIGHT OF WAY & $35,000 IDC - PERMITS SURVEY $15,000 IDC - DRILL - CONTRAC PRECISION DRILLING DAY RATE $24,500 $98,000 IDC - DRILL - FUEL POW WESTERN PETROLEU DIESEL FUEL FOR RIG $24,471 $49,398 IDC - DRILL - HAULING $1,299 IDC - DRILL - FLUIDS $65,000 IDC - AFE CONTINGENC AFE CONTIGENCY DAILY CHARGE $4,000 $16,000 Total IDC: $54,471 $592,936 Total Cumulative Well Costs: $54,471 $592,936 Lost Time First Aid Med Visit 12/24/ Idle $67,735 $592,936 $6,862,800 Page 1 of 1 Powered by Production Access 12/27/2012

4 Report No: 5 Report Date: 12/25/2012 Surface Location: 300 FNWL, 907 FNEL / Bottom Hole Location: 200 FSEL, 567 FNEL - WARD, TX Report No: 5 Rpt T. Activity: 01 - Rig Up & Tear Down AFE #: PB Operation Desc: AFE Total: $6,862,800 Spud Date: 12/25/2012 API Code: AFE DHC: $3,677,550 Days from Spud: -1 Rig Supervisor 1: ROY KIMBEL Daily Costs: $40,719 Field Name:EORGES (BONE S Rig Supervisor 2: RON PULLIAM ( ) - This AFE DHC to Date: $633,655 Sec/Twn/Rng: 8 / / Tool Pusher: STACEY This AFE CWC to Date: $633,655 Start Depth(ft): 110 Formation: Total Project Costs: $766,181 Ending Depth(ft): 110 RKB to MSL: 2765 RKB to THF: 0 Total w/ Assoc AFEs : $766,181 TVD: 0 RKB to LMF: 0 RKB to CHF: 0 Daily Mud Costs: $4,469 Rig Company: PRECISION DRIL 24 Hr. Footage: 0 Develop To: 0 Cum Mud Costs: $4,469 Rig Name: PRECISION #593 Location Survey: Univ Lands Abstract: 24-Hour Summary/: 24 HOUR REPORT: SPOOL DRILLING LINE ON DRUM, UNHANG BLOCKS, LATCH ON TOP DRIVE, MAKE UP SAVER SUB. WELD ON 20" CONDUCTOR PIPE AND FLANGE UP FLOW LINE. MIX SPUD MUD, MADE MODIFICATION TO DOOR SUPPORTS ON PITS. LAY OUT BHA, STRAP AND CALIPER. FINISH HANGING TONGS AN RIG UP WIRELINE UNIT. PRE RIG INSPECTION. MU SCOUT TOOL ON 8" MOTOR AND BIT NOTIFIED TRRC AT 20:15 HOURS 12/24/2012 PRIOR TO SPUD, OPERATOR # 1O, GWEN. PREPARE TO SPUD 12 1/4" HOLE. DAILY COST: $40,179 CUM COST: $633,655 CMIC: RON PULLIAM BOP Test and Inspection Dates Last BOP Test: Days Since BOP Tested: Last Inspection: Last BOP Drill Date: BOP Test Due: Hours Summary ( Daily / Cumulative ) Drilling Rotating Trips Circulating Down Other Operations Start Hrs Code Start Depth End Depth Run 6: SPOOL DRILLING LINE ON DRUM, UNHANG BLOCKS, LATCH ON TOP DRIVE, MAKE UP NIH SAVER SUB. WELD ON 20" CONDUCTOR PIPE AND FLANGE UP FLOW LINE. WELD SUPPORTS FOR DOORS ON PITS. MU WATER LINES AND TIGHT ALL SUCTION LINES. MU SCOUT TOOL ON 8" MOTOR AND BIT. Total: Drilling Data Hook Load: 0 Pick Up: 0 Slack Off: 0 Over Pull: 0 ROP: 0.00 Pres on Bot: 0 Press Off Bot: 0 Kickoff Depth: 0 WOB: Rotary RPM: 0 Motor RPM: 0 Torque: 0 BHA Hours: 0.00 Crew Status: : Daily Bits BHA Bit Date In Size Manufac. Type Serial No. In Out Ftg Tot Ftg Hrs Tot Hrs ROP WOB RPM MRPM Torq /25/ DOWDC SS616XU D Date Out Jets 14 / 14 / 14 / 14 / 14 / 14 / 0 / 0 TFA 0.90 Char (I/O/D/O/L/B/G/R) / / / / / / / Mud Motors Motor Size Brand Type Ftg Cum Ftg Hrs Cum Hrs GPM MRPM 1 8 PHOENIX 7/8 LOBE 4.0 STAGE Drilling Assembly Component Qty Length OD Avg ID Avg Tot Length Bit - Core - PDC SS616 DB Other SCOUT TOOL Sub - XO /8" DOUBLE PIN Motor /8 STB PHOENIX Teledrift FLODRIFT Drill collar PD COLLAR Stab - IB STABILDRILL 12 1/8 BLADE Drill collar PD COLLARS Sub - XO X-OVER Drill collar PD COLLARS Sub - XO X-OVER HWDP PD HWDP Personnel Data Company Service Qty. Hours Company Service Qty. Hours ANDY ERWIN CONSUL RON PULLIAM Percision Drilling Rig Crews Scout Downhole Operator Totals /25/ Rig Up & Tear Down $40,719 $633,655 $6,862,800 Page 1 of 2 Powered by Production Access 12/27/2012

5 Report No: 5 Report Date: 12/25/2012 Daily Cost Details IDC IDC - COMPANY SUPER RK PULLIAM CONSULT CONSULTANT $1,500 $7,500 IDC - ROAD & SITE CON $160,000 IDC - RIGHT OF WAY & $35,000 IDC - PERMITS SURVEY $15,000 IDC - DRILL - CONTRAC PRECISION DRILLING DAY RATE $24,500 $122,500 IDC - DRILL - MUD & CH OMEGA DRILLING CHEMICALS $4,469 $4,469 IDC - DRILL - FUEL POW $49,398 IDC - DRILL - HAULING $1,299 IDC - DRILL - FLUIDS $65,000 IDC - AFE CONTINGENC AFE CONTIGENCY DAILY CHARGE $4,000 $20,000 Total IDC: $34,469 $633,655 Total Cumulative Well Costs: $34,469 $633,655 12/25/ Rig Up & Tear Down $40,719 $633,655 $6,862,800 Page 2 of 2 Powered by Production Access 12/27/2012

6 Report No: 6 Report Date: 12/26/2012 Surface Location: 300 FNWL, 907 FNEL / Bottom Hole Location: 200 FSEL, 567 FNEL - WARD, TX Report No: 6 Rpt T. Activity: 02 - Drilling AFE #: PB Operation Desc: DRILLING AFE Total: $6,862,800 Spud Date: 12/25/2012 API Code: AFE DHC: $3,677,550 Days from Spud: 1 Rig Supervisor 1: ROY KIMBEL Daily Costs: $71,591 Field Name:EORGES (BONE S Rig Supervisor 2: RON PULLIAM ( ) - This AFE DHC to Date: $705,246 Sec/Twn/Rng: 8 / / Tool Pusher: STACEY This AFE CWC to Date: $705,246 Start Depth(ft): 110 Formation: Anhy Total Project Costs: $766,181 Ending Depth(ft): 1865 RKB to MSL: 2765 RKB to THF: 0 Total w/ Assoc AFEs : $766,181 TVD: 0 RKB to LMF: 0 RKB to CHF: 0 Daily Mud Costs: $0 Rig Company: PRECISION DRIL 24 Hr. Footage: 1755 Develop To: 0 Cum Mud Costs: $4,469 Rig Name: PRECISION #593 Location Survey: Univ Lands Abstract: 24-Hour Summary/: 24 HOUR REPORT: NOTIFIED TRRC OF SPUD TIME CHANGE TO 09:30 HOUR 12/25/2012, OPERATOR # 8 LINDA. SPUD 12 1/4" HOLE AT 09:30 HOUR 12/25/2012 DRLG FROM 110' TO 1865' = 1755' ROP FT/HR WOB-14 TO 19K RPM- 72 VIS- 28 MW- 8.9 PPG SURVEYS AT 219' 0.50 DEGREES 596' 0.30 DEGREES 946' 0.90 DEGREES 1314' 0.40 DEGREES 1762' 0.30 DEGREES DAILY COST: $67,541 CUM COST: $701,196 CMIC: RON PULLIAM Surveys Survey No. Survey Date Tie In Meas. Depth Inclination Azimuth Des Azi TVD Vert Sect N/S(+/-) E/W(+/-) DLS 4 12/26/ /26/ /26/ BOP Test and Inspection Dates Last BOP Test: Days Since BOP Tested: Last Inspection: Last BOP Drill Date: BOP Test Due: Mud Properties Depth Time Wt In Wt Out Vis PV YP Gels FL HTFL FC HTFC Solid Water Oil Sand /0/ % 0.0% 0.0% 0.0% MBT ph Pm Pf Mf Cl Ca ES Pom Lime Total Sal. CaCl2 EDTA O/W Ratio Mud Lost Water Lost LCM ECD FL Temp SPUD WITH 40 VIS SPUD MUD Hours Summary ( Daily / Cumulative ) Drilling Rotating Trips Circulating Down Other Operations Start Hrs Code Start Depth End Depth Run 6: MU BHA, PRIME PUMPS NIH 9: DRILLING/SURVEYS FROM 110' TO 1200' : RIG SERVICE : DRILLING/SURVEYS FROM 1200' TO 1865' Total: Drilling Data Hook Load: 145 Pick Up: 150 Slack Off: 140 Over Pull: 10 ROP: Pres on Bot: 2751 Press Off Bot: 2450 Kickoff Depth: 0 WOB: 15 Rotary RPM: 75 Motor RPM: 118 Torque: 6800 BHA Hours: 0.00 Crew Status: : 12/26/ Drilling 8.6 $71,591 $705,246 $6,862,800 Page 1 of 2 Powered by Production Access 12/27/2012

7 Report No: 6 Report Date: 12/26/2012 Daily Bits BHA Bit Date In Size Manufac. Type Serial No. In Out Ftg Tot Ftg Hrs Tot Hrs ROP WOB RPM MRPM Torq /25/ DOWDC SS616XU D Date Out Jets 14 / 14 / 14 / 14 / 14 / 14 / 0 / 0 TFA 0.90 Char (I/O/D/O/L/B/G/R) / / / / / / / Mud Motors Motor Size Brand Type Ftg Cum Ftg Hrs Cum Hrs GPM MRPM 1 8 PHOENIX 7/8 LOBE 4.0 STAGE Drilling Assembly Component Qty Length OD Avg ID Avg Tot Length Bit - Core - PDC SS616 DB Other SCOUT TOOL Sub - XO /8" DOUBLE PIN Motor /8 STB PHOENIX Teledrift FLODRIFT Drill collar PD COLLAR Stab - IB STABILDRILL 12 1/8 BLADE Drill collar PD COLLARS Sub - XO X-OVER Drill collar PD COLLARS Sub - XO X-OVER HWDP PD HWDP Mud Pumps Pump No Model Liner Size Stroke Max PSI Max SPM SPM GPM Press. Slow Pump Rates/Pres. 1 FD /0 0/0 0/0 2 FD /0 0/0 0/0 Personnel Data Company Service Qty. Hours Company Service Qty. Hours ANDY ERWIN CONSUL RON PULLIAM Percision Drilling Rig Crews Scout Downhole Operator Totals Daily Cost Details IDC IDC - COMPANY SUPER RK PULLIAM CONSULT CONSULTANT $1,500 $9,000 IDC - ROAD & SITE CON $160,000 IDC - RIGHT OF WAY & $35,000 IDC - PERMITS SURVEY $15,000 IDC - DRILL - BIT & STA DB BITS 12 1/4" SS616 SN D3717 $12,925 $12,925 IDC - DRILL - CONTRAC PRECISION DRILLING DAY RATE $24,500 $147,000 IDC - DRILL - MUD & CH $4,469 IDC - DRILL - EQUIPMEN KENNY'S WELDING WELDER $561 $561 IDC - DRILL - FUEL POW $49,398 IDC - DRILL - HAULING $1,299 IDC - DRILL - FLUIDS $65,000 IDC - AFE CONTINGENC AFE CONTIGENCY DAILY CHARGE $4,000 $24,000 Total IDC: $43,486 $705,246 Total Cumulative Well Costs: $43,486 $705,246 12/26/ Drilling 8.6 $71,591 $705,246 $6,862,800 Page 2 of 2 Powered by Production Access 12/27/2012

8 Report No: 7 Report Date: 12/27/2012 Surface Location: 300 FNWL, 907 FNEL / Bottom Hole Location: 200 FSEL, 567 FNEL - WARD, TX Report No: 7 Rpt T. Activity: 02 - Drilling AFE #: PB Operation Desc: DRILLING AFE Total: $6,862,800 Spud Date: 12/25/2012 API Code: AFE DHC: $3,677,550 Days from Spud: 2 Rig Supervisor 1: ROY KIMBEL Daily Costs: $60,935 Field Name:EORGES (BONE S Rig Supervisor 2: RON PULLIAM ( ) - This AFE DHC to Date: $766,181 Sec/Twn/Rng: 8 / / Tool Pusher: STACEY This AFE CWC to Date: $766,181 Start Depth(ft): 1865 Formation: Anhy/Shale Total Project Costs: $766,181 Ending Depth(ft): 3451 RKB to MSL: 2765 RKB to THF: 0 Total w/ Assoc AFEs : $766,181 TVD: 0 RKB to LMF: 0 RKB to CHF: 0 Daily Mud Costs: $0 Rig Company: PRECISION DRIL 24 Hr. Footage: 1586 Develop To: 0 Cum Mud Costs: $4,469 Rig Name: PRECISION #593 Location Survey: Univ Lands Abstract: 24-Hour Summary/: 24 HOUR REPORT: DRLG FROM 1865' TO 3451 = 1586' ROP FT/HR WOB-18 TO 21K RPM- 72 TO 80 VIS- 28 MW- 10 PPG SURVEYS AT 2385' 0.80 DEGREES 2745' 0.30 DEGREES 3168' 0.50 DEGREES 3376' 0.50 DEGREES DAILY COST: $60,935 CUM COST: $766,181 CMIC: RON PULLIAM Surveys Survey No. Survey Date Tie In Meas. Depth Inclination Azimuth Des Azi TVD Vert Sect N/S(+/-) E/W(+/-) DLS 8 12/27/ /27/ /27/ BOP Test and Inspection Dates Last BOP Test: Days Since BOP Tested: Last Inspection: Last BOP Drill Date: BOP Test Due: Mud Properties Depth Time Wt In Wt Out Vis PV YP Gels FL HTFL FC HTFC Solid Water Oil Sand /0/ % 0.0% 0.0% 0.0% MBT ph Pm Pf Mf Cl Ca ES Pom Lime Total Sal. CaCl2 EDTA O/W Ratio Mud Lost Water Lost LCM ECD FL Temp SPUD WITH 40 VIS SPUD MUD Hours Summary ( Daily / Cumulative ) Drilling Rotating Trips Circulating Down Other Operations Start Hrs Code Start Depth End Depth Run 6: DRILLING/SURVEYS FROM 1865' TO 2888' : RIG SERVICE TOP DRIVE : DRILLING/SURVEYS FROM 2888' TO 3157' : RIG SERVICE TOP DRIVE : DRILLING/SURVEYS FROM 3157' TO 3451' Total: Drilling Data Hook Load: 175 Pick Up: 180 Slack Off: 170 Over Pull: 10 ROP: Pres on Bot: 2980 Press Off Bot: 2650 Kickoff Depth: 0 WOB: 19 Rotary RPM: 75 Motor RPM: 118 Torque: 6800 BHA Hours: 0.00 Crew Status: : 12/27/ Drilling 8.6 $60,935 $766,181 $6,862,800 Page 1 of 2 Powered by Production Access 12/27/2012

9 Report No: 7 Report Date: 12/27/2012 Daily Bits BHA Bit Date In Size Manufac. Type Serial No. In Out Ftg Tot Ftg Hrs Tot Hrs ROP WOB RPM MRPM Torq /25/ DOWDC SS616XU D Date Out Jets 14 / 14 / 14 / 14 / 14 / 14 / 0 / 0 TFA 0.90 Char (I/O/D/O/L/B/G/R) / / / / / / / Mud Motors Motor Size Brand Type Ftg Cum Ftg Hrs Cum Hrs GPM MRPM 1 8 PHOENIX 7/8 LOBE 4.0 STAGE Drilling Assembly Component Qty Length OD Avg ID Avg Tot Length Bit - Core - PDC SS616 DB Other SCOUT TOOL Sub - XO /8" DOUBLE PIN Motor /8 STB PHOENIX Teledrift FLODRIFT Drill collar PD COLLAR Stab - IB STABILDRILL 12 1/8 BLADE Drill collar PD COLLARS Sub - XO X-OVER Drill collar PD COLLARS Sub - XO X-OVER HWDP PD HWDP Mud Pumps Pump No Model Liner Size Stroke Max PSI Max SPM SPM GPM Press. Slow Pump Rates/Pres. 1 FD /0 40/0 50/0 2 FD /160 40/255 50/350 Personnel Data Company Service Qty. Hours Company Service Qty. Hours ANDY ERWIN CONSUL RON PULLIAM Percision Drilling Rig Crews Scout Downhole Operator Totals Daily Cost Details IDC IDC - COMPANY SUPER RK PULLIAM CONSULT CONSULTANT $1,500 $10,500 IDC - ROAD & SITE CON $160,000 IDC - RIGHT OF WAY & $35,000 IDC - PERMITS SURVEY $15,000 IDC - DRILL - BIT & STA $12,925 IDC - DRILL - CEMENT & Weatherford 9 5/8" FLOAT EQUIPMENT $11,154 $11,154 IDC - DRILL - CONTRAC PRECISION DRILLING DAY RATE $24,500 $171,500 IDC - DRILL - MUD & CH $4,469 IDC - DRILL - EQUIPMEN $561 IDC - DRILL - FUEL POW $49,398 IDC - DRILL - HAULING $1,299 IDC - DRILL - FLUIDS $65,000 IDC - F&C - CEMENT & S CHAD'S CLEAN DRIFT TALLY CASING $1,656 $1,656 IDC - AFE CONTINGENC AFE CONTIGENCY DAILY CHARGE $4,000 $28,000 Total IDC: $42,810 $766,181 Total Cumulative Well Costs: $42,810 $766,181 12/27/ Drilling 8.6 $60,935 $766,181 $6,862,800 Page 2 of 2 Powered by Production Access 12/27/2012

10 Report No: 8 Report Date: 12/28/2012 Surface Location: 300 FNWL, 907 FNEL / Bottom Hole Location: 200 FSEL, 567 FNEL - WARD, TX Report No: 8 Rpt T. Activity: Circulating Samples AFE #: PB Operation Desc: CIRCULATE SAMPLES UP. AFE Total: $6,862,800 Spud Date: 11/16/2012 API Code: AFE DHC: $3,677,550 Days from Spud: 3 Rig Supervisor 1: ROY KIMBEL Daily Costs: $71,056 Field Name:EORGES (BONE S Rig Supervisor 2: RON PULLIAM ( ) - This AFE DHC to Date: $837,237 Sec/Twn/Rng: 8 / / Tool Pusher: STACEY This AFE CWC to Date: $837,237 Start Depth(ft): 3451 Formation: Anhy/Shale Total Project Costs: $837,237 Ending Depth(ft): 4977 RKB to MSL: 2765 RKB to THF: 0 Total w/ Assoc AFEs : $837,237 TVD: 0 RKB to LMF: 0 RKB to CHF: 0 Daily Mud Costs: $19,432 Rig Company: PRECISION DRIL 24 Hr. Footage: 1526 Develop To: 0 Cum Mud Costs: $23,901 Rig Name: PRECISION #593 Location Survey: Univ Lands Abstract: 24-Hour Summary/: 24 HOUR REPORT: DRLG FROM 3451' TO 4977' = 1526' CIRCULATE SAMPLES AT 4977', LOST RETURNS, PUMP PAPER SWEEP TO REGAIN CIRCULATION. LOOKING FOR CASING SEAT. ROP FT/HR WOB- 19 TO 28K RPM- 78 TO 80 VIS- 28 MW- 10 PPG SURVEYS AT 3640' 0.80 DEGREES 4451' 0.90 DEGREES 4809' 0.70 DEGREES 4899' 0.70 DEGREES DAILY COST: $71,056 CUM COST: $837,237 CMIC: RON PULLIAM Surveys Survey No. Survey Date Tie In Meas. Depth Inclination Azimuth Des Azi TVD Vert Sect N/S(+/-) E/W(+/-) DLS 15 12/28/ /28/ /28/ Casing Type Date Run Casing Top Set Depth Size Weight Grade Drift Hole Size TD Shoe Test Surface 12/27/ L BOP Test and Inspection Dates Last BOP Test: Days Since BOP Tested: Last Inspection: Last BOP Drill Date: BOP Test Due: Mud Properties Depth Time Wt In Wt Out Vis PV YP Gels FL HTFL FC HTFC Solid Water Oil Sand : /0/ % 0.0% 0.0% 0.0% MBT ph Pm Pf Mf Cl Ca ES Pom Lime Total Sal. CaCl2 EDTA O/W Ratio Mud Lost Water Lost LCM ECD FL Temp SPUD WITH 40 VIS SPUD MUD Hours Summary ( Daily / Cumulative ) Drilling Rotating Trips Circulating Down Other Operations Start Hrs Code Start Depth End Depth Run 6: DRILLING/SURVEYS FROM 3451' TO 4059' : RIG SERVICE : DRILLING/SURVEYS FROM 4059' TO 4511' : RIG SERVICE : DRILLING/SURVEYS FROM 4511' TO 4977' : CS CIRCULATE BOTTOMS UP TO CHECK SAMPLES Total: Drilling Data Hook Load: 195 Pick Up: 200 Slack Off: 190 Over Pull: 5 ROP: Pres on Bot: 3000 Press Off Bot: 2650 Kickoff Depth: 0 WOB: 25 Rotary RPM: 80 Motor RPM: 118 Torque: 8500 BHA Hours: 0.00 Crew Status: : 12/28/ Circulating Samples 10 $71,056 $837,237 $6,862,800 Page 1 of 2 Powered by Production Access 12/28/2012

11 Report No: 8 Report Date: 12/28/2012 Daily Bits BHA Bit Date In Size Manufac. Type Serial No. In Out Ftg Tot Ftg Hrs Tot Hrs ROP WOB RPM MRPM Torq /25/ DOWDC SS616XU D Date Out Jets 14 / 14 / 14 / 14 / 14 / 14 / 0 / 0 TFA 0.90 Char (I/O/D/O/L/B/G/R) / / / / / / / Mud Motors Motor Size Brand Type Ftg Cum Ftg Hrs Cum Hrs GPM MRPM 1 8 PHOENIX 7/8 LOBE 4.0 STAGE Drilling Assembly Component Qty Length OD Avg ID Avg Tot Length Bit - Core - PDC SS616 DB Other SCOUT TOOL Sub - XO /8" DOUBLE PIN Motor /8 STB PHOENIX Teledrift FLODRIFT Drill collar PD COLLAR Stab - IB STABILDRILL 12 1/8 BLADE Drill collar PD COLLARS Sub - XO X-OVER Drill collar PD COLLARS Sub - XO X-OVER HWDP PD HWDP Mud Pumps Pump No Model Liner Size Stroke Max PSI Max SPM SPM GPM Press. Slow Pump Rates/Pres. 1 FD /0 40/0 50/0 2 FD /160 40/255 50/350 Personnel Data Company Service Qty. Hours Company Service Qty. Hours ANDY ERWIN CONSUL RON PULLIAM Percision Drilling Rig Crews Scout Downhole Operator Totals Daily Cost Details IDC IDC - COMPANY SUPER RK PULLIAM CONSULT CONSULTANT $1,500 $12,000 IDC - ROAD & SITE CON $160,000 IDC - RIGHT OF WAY & $35,000 IDC - PERMITS SURVEY $15,000 IDC - DRILL - BIT & STA $12,925 IDC - DRILL - CEMENT & $11,154 IDC - DRILL - CONTRAC PRECISION DRILLING DAY RATE $24,500 $197,125 IDC - DRILL - CONTRAC CAMI'S CLEAN TRAILERS $1,125 $197,125 IDC - DRILL - MUD & CH Venture Mud MUD COST $19,432 $23,901 IDC - DRILL - EQUIPMEN $561 IDC - DRILL - FUEL POW $49,398 IDC - DRILL - HAULING SYNERGY SERVICES DELIVER WELL HEAD $450 $1,749 IDC - DRILL - FLUIDS $65,000 IDC - F&C - CEMENT & S $1,656 IDC - AFE CONTINGENC AFE CONTIGENCY DAILY CHARGE $4,000 $32,000 Total IDC: $51,007 $837,237 Total Cumulative Well Costs: $51,007 $837,237 12/28/ Circulating Samples 10 $71,056 $837,237 $6,862,800 Page 2 of 2 Powered by Production Access 12/28/2012

12 Report No: 9 Report Date: 12/29/2012 Surface Location: 300 FNWL, 907 FNEL / Bottom Hole Location: 200 FSEL, 567 FNEL - WARD, TX Report No: 9 Rpt T. Activity: Circulating AFE #: PB Operation Desc: MIXING AND PUMPING LCM PILLS. AFE Total: $6,862,800 Spud Date: 12/25/2012 API Code: AFE DHC: $3,677,550 Days from Spud: 4 Rig Supervisor 1: ROY KIMBEL Daily Costs: $75,657 Field Name:EORGES (BONE S Rig Supervisor 2: RON PULLIAM ( ) - This AFE DHC to Date: $912,894 Sec/Twn/Rng: 8 / / Tool Pusher: STACEY This AFE CWC to Date: $912,894 Start Depth(ft): 4977 Formation: Anhy/Shale Total Project Costs: $1,441,241 Ending Depth(ft): 5173 RKB to MSL: 2765 RKB to THF: 0 Total w/ Assoc AFEs : $1,441,241 TVD: 0 RKB to LMF: 0 RKB to CHF: 0 Daily Mud Costs: $26,404 Rig Company: PRECISION DRIL 24 Hr. Footage: 196 Develop To: 0 Cum Mud Costs: $50,305 Rig Name: PRECISION #593 Location Survey: Univ Lands Abstract: 24-Hour Summary/: 24 HOUR REPORT: DRY DRLG FROM 4977' TO 5173' = 196' TD 12 1/4" SURFACE HOLE. ROP FT/HR WOB- 9 TO 21K RPM- 78 TO 80 VIS- 28 MW- 10 PPG PUMP 2-50 BBL 15#/BBL SWEEPS, NO RETURNS. TOOH FROM 5173' TO 3957', MIX LCM PILL AND WORK PIPE SLOWLY, PIPE START PULLING TIGHT, ATTMPT TO TOH AND COULD NOT PULL ABOVE 3966' WITH OUT CIRCULATION. STOP WORKING PIPE AND START MIXING AND PUMPING 100 BBL LCM PILLS. MIX AND PUMP BBL 30# PER BBL LCM PILLS WAITING 2 1/2 HOURS BETWEEN 100 BBL PILLS. PUMP TOTAL OF 700 BBL LCM 30# PER BBL PILLS. PRESENT OPERATION: PUMPING 200 BBL 32# PER BBL LCM PILL. DAILY COST: $75,657 CUM COST: $912,894 CMIC: RON PULLIAM Surveys Survey No. Survey Date Tie In Meas. Depth Inclination Azimuth Des Azi TVD Vert Sect N/S(+/-) E/W(+/-) DLS 15 12/28/ /28/ /28/ Casing Type Date Run Casing Top Set Depth Size Weight Grade Drift Hole Size TD Shoe Test Surface 12/27/ L BOP Test and Inspection Dates Last BOP Test: Days Since BOP Tested: Last Inspection: Last BOP Drill Date: BOP Test Due: Mud Properties Depth Time Wt In Wt Out Vis PV YP Gels FL HTFL FC HTFC Solid Water Oil Sand : /0/ % 0.0% 0.0% 0.0% MBT ph Pm Pf Mf Cl Ca ES Pom Lime Total Sal. CaCl2 EDTA O/W Ratio Mud Lost Water Lost LCM ECD FL Temp MIX AND PUMP LCM PILL TO REGAIN CIRCULATION. Hours Summary ( Daily / Cumulative ) Drilling Rotating Trips Circulating Down Other Operations Start Hrs Code Start Depth End Depth Run 6: CS LOST CIRCULATION AT 4977' : DRY DRILLING FROM 4977' TO 5153' : PUMP 50 BBL 15#/BBL LCM : DRY DRILL FROM 5153' TO 5173', TD 12 1/4" SURFACE HOLE, WEIGHT ON BIT 17K : PUMP 50 BBL 15# LCM : TOOH FROM 5173' TO 3957' : MIX AND PUMP 100 BBLS 20#/BBL LCM OUT BIT. WORK PIPE, WITH NO CIRCULATION, PIPE STARTING TO DRAG. 12: ROTATE PIPE THROUGH TIGHT HOLE FROM 3890' TO 3866', NO CIRCULATION COULD NOT WORK PIPE THROUGH 3867'. 16: MIX AND PUMP BBL 30# PER BBL LCM PILLS WAITING 2 1/2 HOURS BETWEEN BBL PILLS. MIX AND PUMP 200 BBL 32# PER BBL LCM PILL. Total: /29/ Circulating 9.6 $75,657 $912,894 $6,862,800 Page 1 of 2 Powered by Production Access 1/2/2013

13 Report No: 9 Report Date: 12/29/2012 Drilling Data Hook Load: 195 Pick Up: 200 Slack Off: 190 Over Pull: 5 ROP: Pres on Bot: 3000 Press Off Bot: 2650 Kickoff Depth: 0 WOB: 20 Rotary RPM: 80 Motor RPM: 118 Torque: 8500 BHA Hours: 0.00 Crew Status: : Daily Bits BHA Bit Date In Size Manufac. Type Serial No. In Out Ftg Tot Ftg Hrs Tot Hrs ROP WOB RPM MRPM Torq /25/ DOWDC SS616XU D Date Out 1/1/2013 Jets 14 / 14 / 14 / 14 / 14 / 14 / 0 / 0 TFA 0.90 Char (I/O/D/O/L/B/G/R) 2 / 2 / CT / NO / H / 0 / 1/16 / TD Mud Motors Motor Size Brand Type Ftg Cum Ftg Hrs Cum Hrs GPM MRPM 1 8 PHOENIX 7/8 LOBE 4.0 STAGE Drilling Assembly Component Qty Length OD Avg ID Avg Tot Length Bit - Core - PDC SS616 DB Other SCOUT TOOL Sub - XO /8" DOUBLE PIN Motor /8 STB PHOENIX Teledrift FLODRIFT Drill collar PD COLLAR Stab - IB STABILDRILL 12 1/8 BLADE Drill collar PD COLLARS Sub - XO X-OVER Drill collar PD COLLARS Sub - XO X-OVER HWDP PD HWDP Mud Pumps Pump No Model Liner Size Stroke Max PSI Max SPM SPM GPM Press. Slow Pump Rates/Pres. 1 FD /0 40/0 50/0 2 FD /160 40/255 50/350 Personnel Data Company Service Qty. Hours Company Service Qty. Hours ANDY ERWIN CONSUL RON PULLIAM Percision Drilling Rig Crews Scout Downhole Operator VENTURE MUD MUD ENGINEER Totals Daily Cost Details IDC IDC - COMPANY SUPER RK PULLIAM CONSULT CONSULTANT $1,500 $13,500 IDC - ROAD & SITE CON $160,000 IDC - RIGHT OF WAY & $35,000 IDC - PERMITS SURVEY $15,000 IDC - DRILL - BIT & STA $12,925 IDC - DRILL - CEMENT & $11,154 IDC - DRILL - CONTRAC PRECISION DRILLING DAY RATE $24,500 $221,625 IDC - DRILL - MUD & CH Venture Mud MUD COST $26,404 $50,305 IDC - DRILL - EQUIPMEN $561 IDC - DRILL - FUEL POW $49,398 IDC - DRILL - HAULING $1,749 IDC - DRILL - FLUIDS $65,000 IDC - F&C - CEMENT & S $1,656 IDC - AFE CONTINGENC AFE CONTIGENCY DAILY CHARGE $4,000 $36,000 Total IDC: $56,404 $912,894 Total Cumulative Well Costs: $56,404 $912,894 12/29/ Circulating 9.6 $75,657 $912,894 $6,862,800 Page 2 of 2 Powered by Production Access 1/2/2013

14 Report No: 10 Report Date: 12/30/2012 Surface Location: 300 FNWL, 907 FNEL / Bottom Hole Location: 200 FSEL, 567 FNEL - WARD, TX Report No: 10 Rpt T. Activity: WP - Work Stuck Pipe AFE #: PB Operation Desc: AFE Total: $6,862,800 Spud Date: 12/25/2012 API Code: AFE DHC: $3,677,550 Days from Spud: 5 Rig Supervisor 1: ROY KIMBEL Daily Costs: $90,187 Field Name:EORGES (BONE S Rig Supervisor 2: RON PULLIAM ( ) - This AFE DHC to Date: $1,003,081 Sec/Twn/Rng: 8 / / Tool Pusher: STACEY This AFE CWC to Date: $1,003,081 Start Depth(ft): 5173 Formation: Total Project Costs: $1,441,241 Ending Depth(ft): 5173 RKB to MSL: 2765 RKB to THF: 0 Total w/ Assoc AFEs : $1,441,241 TVD: 0 RKB to LMF: 0 RKB to CHF: 0 Daily Mud Costs: $22,100 Rig Company: PRECISION DRIL 24 Hr. Footage: 0 Develop To: 0 Cum Mud Costs: $72,405 Rig Name: PRECISION #593 Location Survey: Univ Lands Abstract: 24-Hour Summary/: 24 HOUR REPORT: CONTINUE PUMP 200 BBL 32# PER BBL LCM PILL, ESTABLISH CIRCULATION, WORK PIPE FREE. BACK REAM FROM 3866' TO 3830' PULL BIT FROM 3830' TO 3772' WITH OUT ROTATION. AIR LINE FROZZEN ON BREAK DRUM LINE. CIRCULATE AT 3772' 40 SPM WHILE THAWING OUT DRUM BREAK LINE. TOOH FROM 3772' TO 3566' WITH OUT PUMP. DOWN DUE TO BREAK SYSTEM. TOOH FROM 3566' TO 373' AND PULLED INTO TIGHT SPOT. NO PIPE MOVEMENT UP OR DOWN. CIRCULATE AND WORK STUCK BHA FROM 373' TO 358'. BACK OUT LIFT SUB AND SCREW IN SURFACE JARS. JAR ON FISH FOR 4 1/2 HRS 50K OVER STRING WEIGHT, NO PROGRESS. DAILY COST: $92,532 CUM COST: $1,005,426 CMIC: RON PULLIAM Surveys Survey No. Survey Date Tie In Meas. Depth Inclination Azimuth Des Azi TVD Vert Sect N/S(+/-) E/W(+/-) DLS 15 12/28/ /28/ /28/ Casing Type Date Run Casing Top Set Depth Size Weight Grade Drift Hole Size TD Shoe Test Surface 12/27/ L BOP Test and Inspection Dates Last BOP Test: Days Since BOP Tested: Last Inspection: Last BOP Drill Date: BOP Test Due: Mud Properties Depth Time Wt In Wt Out Vis PV YP Gels FL HTFL FC HTFC Solid Water Oil Sand : /0/ % 0.0% 0.0% 0.0% MBT ph Pm Pf Mf Cl Ca ES Pom Lime Total Sal. CaCl2 EDTA O/W Ratio Mud Lost Water Lost LCM ECD FL Temp MIX AND PUMP LCM PILL TO REGAIN CIRCULATION. Hours Summary ( Daily / Cumulative ) Drilling Rotating Trips Circulating Down Other Operations Start Hrs Code Start Depth End Depth Run 6: CONTINUE PUMP 200 BBL 32# PER BBL LCM PILL, ESTABLISH CIRCULATION, WORK PIPE FREE. BACK REAM FROM 3866' TO 3830' PULL BIT FROM 3830' TO 3772' WITH OUT ROTATION. AIR LINE FROZEN ON BREAK DRUM LINE. 9: CIRCULATE AT 3772' 40 SPM WHILE THAWING OUT DRUM BREAK LINE : TOOH FROM 3772' TO 3566' WITH OUT PUMP : DOWN DUE TO BREAK SYSTEM : TOOH FROM 3566' TO 373' AND PULLED INTO TIGHT SPOT. NO PIPE MOVEMENT UP OR DOWN. 15: WP CIRULATE AND WORK STUCK BHA FROM 373' TO 358'. BACK OUT LIFT SUB AND SCREW IN SURFACE JARS. JAR ON FISH FOR 4 1/2 HRS 50K OVER STRING WEIGHT, NO PROGRESS Total: Drilling Data Hook Load: 195 Pick Up: 200 Slack Off: 190 Over Pull: 5 ROP: 0.00 Pres on Bot: 3000 Press Off Bot: 2650 Kickoff Depth: 0 WOB: 20 Rotary RPM: 80 Motor RPM: 118 Torque: 8500 BHA Hours: 0.00 Crew Status: : 12/30/ WP - Work Stuck Pipe 9.6 $90,187 $1,003,081 $6,862,800 Page 1 of 2 Powered by Production Access 1/2/2013

15 Report No: 10 Report Date: 12/30/2012 Daily Bits BHA Bit Date In Size Manufac. Type Serial No. In Out Ftg Tot Ftg Hrs Tot Hrs ROP WOB RPM MRPM Torq /25/ DOWDC SS616XU D Date Out 1/1/2013 Jets 14 / 14 / 14 / 14 / 14 / 14 / 0 / 0 TFA 0.90 Char (I/O/D/O/L/B/G/R) 2 / 2 / CT / NO / H / 0 / 1/16 / TD Mud Motors Motor Size Brand Type Ftg Cum Ftg Hrs Cum Hrs GPM MRPM 1 8 PHOENIX 7/8 LOBE 4.0 STAGE Drilling Assembly Component Qty Length OD Avg ID Avg Tot Length Bit - Core - PDC SS616 DB Other SCOUT TOOL Sub - XO /8" DOUBLE PIN Motor /8 STB PHOENIX Teledrift FLODRIFT Drill collar PD COLLAR Stab - IB STABILDRILL 12 1/8 BLADE Drill collar PD COLLARS Sub - XO X-OVER Drill collar PD COLLARS Sub - XO X-OVER HWDP PD HWDP Mud Pumps Pump No Model Liner Size Stroke Max PSI Max SPM SPM GPM Press. Slow Pump Rates/Pres. 1 FD /0 40/0 50/0 2 FD /160 40/255 50/350 Personnel Data Company Service Qty. Hours Company Service Qty. Hours ANDY ERWIN CONSUL RON PULLIAM Percision Drilling Rig Crews Scout Downhole Operator VENTURE MUD MUD ENGINEER Totals Daily Cost Details IDC IDC - COMPANY SUPER RK PULLIAM CONSULT CONSULTANT $1,500 $15,000 IDC - ROAD & SITE CON $160,000 IDC - RIGHT OF WAY & $35,000 IDC - PERMITS SURVEY $15,000 IDC - DRILL - BIT & STA $12,925 IDC - DRILL - CEMENT & $11,154 IDC - DRILL - CONTRAC PRECISION DRILLING DAY RATE $24,500 $246,125 IDC - DRILL - MUD & CH Venture Mud MUD COST $22,100 $72,405 IDC - DRILL - EQUIPMEN $561 IDC - DRILL - FUEL POW WESTERN PETROLEU DIESEL FOR RIG $23,302 $72,700 IDC - DRILL - HAULING $1,749 IDC - DRILL - FLUIDS $65,000 IDC - F&C - CEMENT & S $1,656 IDC - AFE CONTINGENC AFE CONTIGENCY DAILY CHARGE $4,000 $40,000 Total IDC: $75,402 $1,003,081 Total Cumulative Well Costs: $75,402 $1,003,081 12/30/ WP - Work Stuck Pipe 9.6 $90,187 $1,003,081 $6,862,800 Page 2 of 2 Powered by Production Access 1/2/2013

16 Report No: 11 Report Date: 12/31/2012 Surface Location: 300 FNWL, 907 FNEL / Bottom Hole Location: 200 FSEL, 567 FNEL - WARD, TX Report No: 11 Rpt T. Activity: 01 - Rig Up & Tear Down AFE #: PB Operation Desc: AFE Total: $6,862,800 Spud Date: 12/25/2012 API Code: AFE DHC: $3,677,550 Days from Spud: 6 Rig Supervisor 1: ROY KIMBEL Daily Costs: $56,623 Field Name:EORGES (BONE S Rig Supervisor 2: RON PULLIAM ( ) - This AFE DHC to Date: $1,059,704 Sec/Twn/Rng: 8 / / Tool Pusher: STACEY This AFE CWC to Date: $1,059,704 Start Depth(ft): 5173 Formation: Total Project Costs: $1,441,241 Ending Depth(ft): 5173 RKB to MSL: 2765 RKB to THF: 0 Total w/ Assoc AFEs : $1,441,241 TVD: 0 RKB to LMF: 0 RKB to CHF: 0 Daily Mud Costs: $5,106 Rig Company: PRECISION DRIL 24 Hr. Footage: 0 Develop To: 0 Cum Mud Costs: $77,511 Rig Name: PRECISION #593 Location Survey: Univ Lands Abstract: 24-Hour Summary/: 24 HOUR REPORT: JAR ON FISH WITH 50K OVER STRING WEIGHT AT 358', NO PROGRESS. LOAD HOLE WITH 23 BBLS HIGH VIS WITH LCM, CIRCULATE 70 BBLS OIL AROUND FISH. WORK JARS FOR 1/2 HOUR, NO PROGRESS. BREAK OUT JARS AND LAY DOWN, HANG BAKERS SHEEVES AND RIG UP BAKER WIRELINE TRUCK. BACK OFF 8" DRILL COLLAR AT 248'. RIG DOWN WIRELINE TRUCK. TOOH WITH 3-6 1/2" DRILL COALLARS, TOP OF FISH 77'. TIH WITH 6 1/2" DRILL COLLARS AND SCREW IN TOP OF FISH AT 77'. RIG UP BAKER WIRELINE SHEEVES. RUN FREE POINT, 77' FROM SURFACE 100% FREE, JOINT BELOW SHOWING RESTRICTION ON TORQUE. BACK OFF PIPE AT 77'. TOOH AND REC DRILL COLLARS. BREAK OUT AND LAY DOWN DRILL COLLARS. CHANGE HANDLING EQUIPMENT FOR WASH PIPE. MU 10 3/4" SHOE ON 9 5/8" ON 2 JTS WASH PIPE TOP SUB JARS AND 1 STAND OF HWDP. BREAK CIRCULATION ABOVE TOP OF FISH AT 77'. WASH OVER FISH FROM 77' TO 177', CIRCULATE CLEAN. TOOH AND LAY DOWN TOOLS AND WASH PIPE.. MU 2-6 1/2" DRILL COLLARS AND PUP JOINT, SCREW INTO FISH AT 77'. RIG UP WIRELINE TRUCK. DAILY COST: $53,862 CUM COST: $1,059,288 CMIC: RON PULLIAM Surveys Survey No. Survey Date Tie In Meas. Depth Inclination Azimuth Des Azi TVD Vert Sect N/S(+/-) E/W(+/-) DLS 15 12/28/ /28/ /28/ Casing Type Date Run Casing Top Set Depth Size Weight Grade Drift Hole Size TD Shoe Test Surface 12/27/ L BOP Test and Inspection Dates Last BOP Test: Days Since BOP Tested: Last Inspection: Last BOP Drill Date: BOP Test Due: Mud Properties Depth Time Wt In Wt Out Vis PV YP Gels FL HTFL FC HTFC Solid Water Oil Sand : /0/ % 0.0% 0.0% 0.0% MBT ph Pm Pf Mf Cl Ca ES Pom Lime Total Sal. CaCl2 EDTA O/W Ratio Mud Lost Water Lost LCM ECD FL Temp Hours Summary ( Daily / Cumulative ) Drilling Rotating Trips Circulating Down Other /31/ Rig Up & Tear Down 8.5 $56,623 $1,059,704 $6,862,800 Page 1 of 3 Powered by Production Access 1/2/2013

17 Report No: 11 Report Date: 12/31/2012 Operations Start Hrs Code Start Depth End Depth Run 6: WP JAR ON FISH WITH 50K OVER STRING WEIGHT AT 358', NO PROGRESS. LOAD HOLE WITH 23 BBLS HIGH VIS WITH LCM, CIRCULATE 70 BBLS OIL AROUND FISH. WORK JARS FOR 1/2 HOUR, NO PROGRESS. 10: BREAK OUT JARS AND LAY DOWN, HANG BAKERS SHEEVES AND RIG UP BAKER WIRELINE TRUCK. BACK OFF 8" DRILL COLLAR AT 248'. RIG DOWN WIRELINE TRUCK. 14: TOOH WITH 3-6 1/2" DRILL COALLARS, TOP OF FISH 77'. TIH WITH 6 1/2" DRILL COLLARS AND SCREW IN TOP OF FISH AT 77'. 17: RIG UP BAKER WIRELINE SHEEVES. RUN FREE POINT, 77' FROM SURFACE 100% FREE, JOINT BELOW SHOWING RESTRICTION ON TORQUE. BACK OFF PIPE AT 77'. TOOH AND REC DRILL COLLARS. BREAK OUT AND LAY DOWN DRILL COLLARS. 21: CHANGE HANDLING EQUIPMENT FOR WASH PIPE. MU 10 3/4" SHOE ON 9 5/8" ON JTS WASH PIPE TOP SUB JARS AND 1 STAND OF HWDP. 0: W BREAK CIRCULATION ABOVE TOP OF FISH AT 77'. WASH OVER FISH FROM 77' TO ', CIRCULATE CLEAN. 3: TOOH AND LAY DOWN TOOLS AND WASH PIPE : MU 2-6 1/2" DRILL COLLARS AND PUP JOINT, SCREW INTO FISH AT 77' : RIG UP WIRELINE TRUCK Total: Drilling Data Hook Load: 0 Pick Up: 0 Slack Off: 0 Over Pull: 0 ROP: 0.00 Pres on Bot: 0 Press Off Bot: 0 Kickoff Depth: 0 WOB: 0 Rotary RPM: 0 Motor RPM: 0 Torque: 0 BHA Hours: 0.00 Crew Status: : Daily Bits BHA Bit Date In Size Manufac. Type Serial No. In Out Ftg Tot Ftg Hrs Tot Hrs ROP WOB RPM MRPM Torq /25/ DOWDC SS616XU D Date Out 1/1/2013 Jets 14 / 14 / 14 / 14 / 14 / 14 / 0 / 0 TFA 0.90 Char (I/O/D/O/L/B/G/R) 2 / 2 / CT / NO / H / 0 / 1/16 / TD Mud Motors Motor Size Brand Type Ftg Cum Ftg Hrs Cum Hrs GPM MRPM 1 8 PHOENIX 7/8 LOBE 4.0 STAGE Drilling Assembly Component Qty Length OD Avg ID Avg Tot Length Bit - Core - PDC SS616 DB Other SCOUT TOOL Sub - XO /8" DOUBLE PIN Motor /8 STB PHOENIX Teledrift FLODRIFT Drill collar PD COLLAR Stab - IB STABILDRILL 12 1/8 BLADE Drill collar PD COLLARS Sub - XO X-OVER Drill collar PD COLLARS Sub - XO X-OVER HWDP PD HWDP Mud Pumps Pump No Model Liner Size Stroke Max PSI Max SPM SPM GPM Press. Slow Pump Rates/Pres. 1 FD /0 40/0 50/0 2 FD /0 40/0 50/0 Personnel Data Company Service Qty. Hours Company Service Qty. Hours ANDY ERWIN CONSUL RON PULLIAM BAKER wireline truck Percision Drilling Rig Crews Scout Downhole Operator Smith Services FISHING TOOLS VENTURE MUD MUD ENGINEER Totals /31/ Rig Up & Tear Down 8.5 $56,623 $1,059,704 $6,862,800 Page 2 of 3 Powered by Production Access 1/2/2013

18 Report No: 11 Report Date: 12/31/2012 Daily Cost Details IDC IDC - COMPANY SUPER RK PULLIAM CONSULT CONSULTANT $1,500 $16,500 IDC - ROAD & SITE CON $160,000 IDC - RIGHT OF WAY & $35,000 IDC - PERMITS SURVEY $15,000 IDC - DRILL - BIT & STA $12,925 IDC - DRILL - CEMENT & $11,154 IDC - DRILL - CONTRAC PRECISION DRILLING DAY RATE $24,500 $270,625 IDC - DRILL - MUD & CH Venture Mud MUD COST $5,106 $77,511 IDC - DRILL - EQUIPMEN $561 IDC - DRILL - FUEL POW $72,700 IDC - DRILL - HAULING $1,749 IDC - DRILL - FLUIDS $65,000 IDC - F&C - CEMENT & S $1,656 IDC - AFE CONTINGENC AFE CONTIGENCY DAILY CHARGE $4,000 $44,000 Total IDC: $35,106 $1,059,704 Total Cumulative Well Costs: $35,106 $1,059,704 12/31/ Rig Up & Tear Down 8.5 $56,623 $1,059,704 $6,862,800 Page 3 of 3 Powered by Production Access 1/2/2013

19 Report No: 12 Report Date: 1/1/2013 Surface Location: 300 FNWL, 907 FNEL / Bottom Hole Location: 200 FSEL, 567 FNEL - WARD, TX Report No: 12 Rpt T. Activity: 06 - Trips AFE #: PB Operation Desc: TOOH WITH FISH AFE Total: $6,862,800 Spud Date: 12/25/2012 API Code: AFE DHC: $3,677,550 Days from Spud: 7 Rig Supervisor 1: ROY KIMBEL Daily Costs: $83,576 Field Name:EORGES (BONE S Rig Supervisor 2: RON PULLIAM ( ) - This AFE DHC to Date: $1,143,280 Sec/Twn/Rng: 8 / / Tool Pusher: STACEY This AFE CWC to Date: $1,143,280 Start Depth(ft): 5173 Formation: Total Project Costs: $1,441,241 Ending Depth(ft): 5173 RKB to MSL: 2765 RKB to THF: 0 Total w/ Assoc AFEs : $1,441,241 TVD: 0 RKB to LMF: 0 RKB to CHF: 0 Daily Mud Costs: $22,607 Rig Company: PRECISION DRIL 24 Hr. Footage: 0 Develop To: 0 Cum Mud Costs: $100,118 Rig Name: PRECISION #593 Location Survey: Univ Lands Abstract: 24-Hour Summary/: 24 HOUR REPORT: RIG UP WIRELINE TRUCK AND REHEAD SINKER BAR CIRCULATE THROUGH FISH WHILE WAITING.. TIH WITH STRING SHOT, BACK OFF 6 1/2" DRILL COLLAR AT 168'. TOOH WITH 2-6 1/2" DRILL COLLARS, SCREW IN SUB AND RECOVER 3-6 1/2" DRILL COLLARS, TOP OF FISH AT 168' RIG DOWN WIRELINE SHEEVES.. TIH WITH 10 3/4" SHOE, 3 - JOINTS 9 5/8 WASH PIPE, JARS PUP JOINT, 1 JOINT 5" HWDP." WASH OVER FISH FROM 167' TO 212, WASH FROM 212 TO 366', FISH TURN LOOSE AND WENT DOWN HOLE, CIRCULATE CLEAN AT 366'. TOH WITH HWDP AND LAY DOWN JARS AND 9 5/8 WASH PIPE. TIH WITH SCREW IN SUB, BUMPER SUB, JARS /2" DRILL COLLARS, ACCELERATOR ON 5" DRILL PIPE TO 4961' AND TAG FISH. SCREW INTO FISH, SET JARS OF TWO TIMES, ROLLED PUMP OVER AND PIPE PRESSURE UP TO 1400 PSI AND BLEED DOWN, PULL FISH OFF BOTTOM. TOOH WITH 5" DRILL PIPE FROM 4961' TO 431'. BACK REAM FROM 431' TO 170' WITH IBS, PULL FREE TO TOP OF FISH, LAY DOWN JARS AND SCREW IN SUB. PRESENT OPERATION: LAY DOWN FISH. DAILY COST: $83,576 CUM COST: $1,143,280 CMIC: RON PULLIAM Surveys Survey No. Survey Date Tie In Meas. Depth Inclination Azimuth Des Azi TVD Vert Sect N/S(+/-) E/W(+/-) DLS 15 12/28/ /28/ /28/ Casing Type Date Run Casing Top Set Depth Size Weight Grade Drift Hole Size TD Shoe Test Surface 12/27/ L BOP Test and Inspection Dates Last BOP Test: Days Since BOP Tested: Last Inspection: Last BOP Drill Date: BOP Test Due: Mud Properties Depth Time Wt In Wt Out Vis PV YP Gels FL HTFL FC HTFC Solid Water Oil Sand : /0/ % 0.0% 0.0% 0.0% MBT ph Pm Pf Mf Cl Ca ES Pom Lime Total Sal. CaCl2 EDTA O/W Ratio Mud Lost Water Lost LCM ECD FL Temp Hours Summary ( Daily / Cumulative ) Drilling Rotating Trips Circulating Down Other /1/ Trips 8.5 $83,576 $1,143,280 $6,862,800 Page 1 of 3 Powered by Production Access 1/2/2013