UTICA Regional Field Study

Field Study Introduction NUTECH has combined its expertise with the emerging interest in North American shale plays in order to develop the most detailed regional ﬁeld studies available to the E&P industry. These studies have been developed through NUTECH s experience and analysis of several thousand wells with core and production data. Each of NUTECH s studies provides insight into the connectivity across the area by simulating geological and petrophysical property distributions. The results conﬁrm the stratigraphic variability as well as identify and quantify hydrocarbon columns per well and across the study area. NUTECH s management team will provide geological-based input to assist you in decision making on each well, including working closely with your technical personnel in connection with well evaluations and listings.

Field Study Deliverables 1) Individual NULOOK Shale Analysis of each well in the study. Includes core calibrated calculations of permeability, effective porosity, water saturation, TOC, and lithology identification. Presented in pdf and tif format 2) Individual NuList Engineering Summary providing reservoir parameters in tabular form and additional calculations of Net Permeability, Hydrocarbon Pore Volume, and Free and Adsorbed GIP (BCF/sec) or OIP(MMBO/sec). Presented in.xls format 3).las file for each well including the original open hole data going into the petrophysical model, and the curves generated through NULOOK analysis

Field Study Deliverables 1. 3D Structural Model using well picks for the top and base of the objectives (although faults exist throughout the trend they were not included in this project due to the regional scope, a lack of seismic data and the stratigraphic nature of the play) 2. Stratigraphic Cross Sections per project area using NuLook presentation 3. 3D Petrophysical Property Distribution Model 4. Multiple Realizations of property distributions for each project area 5. CSIM (Composite Stratigraphic Image Maps) created 6. Printed Scaled Plots of CSIMs, one each (i.e. Average Porosity (PHIE), Clay Volume, Free Fluid porosity (PHIEBVI), Average Permeability (PERMSH Avg) and KH (PERMSH Net), VClay, TOC (Total Organic Carbon), HCPV (Hydrocarbon Pore Volume), Structure and Thickness maps (below are some examples of the maps included) 7. Maps can also be delivered electronically in a zmap plus format (maps can be uploaded into different software packages & overlay maps can be created) 8. Executive Report, Project Binder, and CD 9. NUVIEW PDFs for all wells used in the project (paper copies are available for an additional fee*)

Field Study Deliverables A sampling of wells taken from the regional study has been selected for NUSTIM horizontal completion optimization. NUSTIM evaluation builds on the Petrophysical & GeoTextural analysis by incorporating completion & economic data to deliver an optimized completion design for the reservoir of interest. Using a 30 scenario frac simulation model, NUSTIM will investigate various completion parameters including lateral landing point, rate, size, concentration, fluid, prop, and cluster spacing in the horizontal. Comparisons of created frac geometry, predicted production & decline, and ultimately Net Present Value will provide the client with an optimized completion design for the reservoir in this area. A recommended landing lateral target & pump schedule for the selected completion design is included. Deliverables for each of the NUSTIM wells will include pdf of the NUSTIM report & also an Executive Summary in PowerPoint format that steps through the NUSTIM process and results. Fracture Geometry Comparison Net Present Value Optimization Production Prediction Comparison Field Study Deliverables Geomechanical Analysis Rock Properties such as, Poisson s ratio, Young s modulus, Biot s constant, pore pressure, overburden pressure, in-situ stress profile descriptions, and brittleness 1. Young s Modulus is a measure of the stiffness of the rock. It can be obtained from the measurement of dynamic modulus using sonic log measurements. Calculations of Young s Modulus based on the petrophysical properties of an interval are correlated to core or sonic log measurements, allowing for good predictions in intervals where sonic and core data are not available. This property impacts both the NuStim fracture and production models. Typical Young s Moduli range from 100,000 to 10,000,000 psi 2. Poisson s ratio is a rock property which governs the NuStim fracture growth model. It is a component of the stress profile. Poisson s ratio is defined as the ratio of lateral strain to longitudinal strain. It can be obtained from core measurements or indirectly obtained from sonic log measurements. Calculations of Poisson s ratio based on the petrophysical properties of an interval are correlated to core or sonic log measurements, allowing for good predictions in intervals where sonic and core data are not available. Poisson s ratio values typically range from 0.15 to 0.4 3. Brittleness coefficient (%) - Lower values indicate a ductile zone, while higher values indicate a more brittle interval. A brittle zone is more likely to be naturally fractured and to respond positively to waterfrac stimulation techniques

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Utica Regional Field Study Historically, the Utica / Point Pleasant section has been considered the probable source rock for the adjacent Trenton / Black River reservoirs. These source units are now considered as potential hydrocarbon targets and are quickly becoming one the next significant unconventional plays in North America. The Utica / Point Pleasant section was deposited over a 10 million year period during the Middle and Upper Ordovician as part of the Cincinnati Group. The Point Pleasant formation consists of a series of interbedded limestones with a mix of calcareous and black organic shales that were deposited in a localized sub- basin in the Central Appalachian Basin located between the Lexington and Trenton Platforms. The Utica Shale deposition was more extensive than that of the Point Pleasant and predominantly consists of organic rich shales. Both of these units were deposited in restricted, low energy environments that resulted in a sufficient anoxia to allow for the preservation of the deposited organics. Pricing Guide Utica 90 wells $125,000 GeoMechanical $75,000

NuTech Energy Alliance Utica Regional Field Study Wellname State County API BEAL UNIT #1-3137 OHIO ASHTABULA 34007243210000 BURGOS UNIT #1 OHIO ASHTABULA 34007242830000 SMITH-TRAVIS UN #1-3090 L OHIO ASHTABULA 34007242840000 PAROBECK SWIW #2 OHIO ASHTABULA 34007220380000 JENKINS #2 OHIO ATHENS 34009232100000 MILLFIELD COAL & MINING UNIT #2 OHIO ATHENS 34009230620000 LEE UNIT #1-DK SWIW OHIO CARROLL 34019220450000 TOALSTON UNIT #1 OHIO CARROLL 34019218770000 SOWARDS UNITS #1-K OHIO COLUMBIANA 34029216370000 V CURFMAN #4 OHIO COLUMBIANA 34029215920000 R. ENTRIKIN #1 OHIO COLUMBIANA 34029216220000 FRED BARTH #3 OHIO COSHOCTON 34031228380000 CROF UNIT #1 OHIO COSHOCTON 34031263580000 MCCAFFERTY UNIT #1 OHIO COSHOCTON 34031266130000 WHETSTONE ETAL #1 OHIO FAIRFIELD 34045212300000 J KING UNIT #1 OHIO FAIRFIELD 34045212700000 LICKING-FAIRFIELD #1 OHIO FAIRFIELD 34045212450000 R. BIGHAM #1-12 OHIO FAIRFIELD 34045211360000 WATSON M #1 OHIO FAIRFIELD 34045212220000 JOHNSON - SLADKEY UNIT #1 OHIO GEAUGA 34055215000000 MORGAN UNIT #1 OHIO GUERNSEY 34059239860000 DEVCO UNIT #1 OHIO GUERNSEY 34059240670000 BADERTSCHER UNIT #1-2350 OHIO GUERNSEY 34059238820000 THOMAS ZECHMAN UNIT #1 OHIO HARRISON 34067207370000 CHARLENE SCHANEY ET AL #1 OHIO HARRISON 34067203550000 T & D PROPERTIES UNIT #1 OHIO HOCKING 34073234220000 CARY UNIT #1 OHIO HOCKING 34073233310000 PEABODY COAL COMPANY #1R OHIO HOCKING 34073231810000 SNYDER UNIT#2-59 OHIO HOLMES 34075252750000 JOE JR #1 OHIO HOLMES 34075249380000 TREPAINER, FRED & CLAREBELL #1-8 OHIO JACKSON 34079201020000 WILSON H UNIT #1-2349 OHIO KNOX 34083241170000 FISHER UNIT #2 OHIO KNOX 34083239080000 J. DONALDSON #1 OHIO KNOX 34083239150000 MCCOY #1 OHIO KNOX 34083240000000 MILLER #1 OHIO KNOX 34083239770000 CALHIO CHEMICALS, INC. #2 OHIO LAKE 34085202800000 VROOMAN(SWIW #6) 1 #1 OHIO LAKE 34085210940000 DICKEY #13 OHIO LAKE 34085212780000 HILLEARY UNIT #1-2288 OHIO LICKING 34089255990000 STIERS #1-2090 OHIO LICKING 34089255400000 THOMPSON UNIT #1-2915 OHIO LICKING 34089256450000 LYND FARM UNIT #1 OHIO LICKING 34089254130000 WAGNER UNIT #1-2959 OHIO LICKING 34089256740000 KOLBE #724416-3 OHIO LORAIN 34093215040000 COURTNEY UNIT #5 OHIO MAHONING 34099227490000 FOREST J. WANDEL UNIT #11358 OHIO MEDINA 34103218190000 VAUGHN/COMMISSIONERS UNIT #1 OHIO MEDINA 34103246130000 OP MILLER CLARK #1 OHIO MORGAN 34115244940000

Wellname State County API JAMES UNIT #1-2206 OHIO MORROW 34117241280000 COHAGEN UNIT #2-2236 OHIO MUSKINGUM 34119280620000 POLK F UNIT #1-2286 OHIO MUSKINGUM 34119280630000 PROUTY #3-2092 OHIO MUSKINGUM 34119279450000 TROY TOM UNIT #1-2291 OHIO MUSKINGUM 34119280690000 VICKERS G #7-2108 C OHIO MUSKINGUM 34119279590000 D. MURRAY #2-1875 OHIO MUSKINGUM 34119278920000 MILEY J UNIT #1 OHIO NOBLE 34121240720000 ULLMAN, ROBERT #1 OHIO NOBLE 34121212780000 COOPER UNIT #1 OHIO NOBLE 34121240690000 RENICK #1 OHIO PICKAWAY 34129201710000 SCOTT HEIRS #3K OHIO PORTAGE 34133242680000 TRUOG #2-1564 OHIO PORTAGE 34133238880000 WASS #P-7 OHIO PORTAGE 34133241810000 COPPERWELD SHELBY DIVISION #1 OHIO RICHLAND 34139206780000 LYNCH UNIT #1-K OHIO RICHLAND 34139207290000 STULL #1-34 OHIO RICHLAND 34139205940000 ZURMEHLY #1 OHIO ROSS 34141200540000 HARTLEY D 1 OHIO SANDUSKY 34143203060000 BARLEY #1-2397 OHIO STARK 34151250860000 BONANNO J COMMUNITY #1 12424-00 OHIO STARK 34151251020000 G. ROBINSON UNIT #1K OHIO STARK 34151253000000 CARLONE #1 OHIO STARK 34151251510000 D. & M. INDORF COMMUNITY #2-3198 OHIO STARK 34151245060000 FIRESTONE #7-F OHIO SUMMIT 34153228990000 L-12 (BAKER UNIT) OHIO TRUMBULL 34155236270000 BELDEN BRICK UNIT (OHIO GEOLOGICAL SURVEY CO2) #9 (1) OHIO TUSCARAWAS 34157253340000 KUHN UNIT #1 OHIO TUSCARAWAS 34157251270000 JOHNSON ETAL UNIT #1-K OHIO TUSCARAWAS 34157254140000 ALLGYER UNIT #5-3048 OHIO TUSCARAWAS 34157251100000 BARDALL #3-2417 OHIO TUSCARAWAS 34157250220000 S. IMMEL UNIT #2-1862 OHIO TUSCARAWAS 34157249020000 GINGERICH H. #1 OHIO TUSCARAWAS 34157248890000 STRAUSS UNIT #1 OHIO WASHINGTON 34167286660000 GOOD H UNIT #2-2220 OHIO WAYNE 34169250830000 BUCHHOLZ #5A OHIO WAYNE 34169254450000 BERNET UNIT #1 PENNSYLVANIA ERIE 37049249940000 ROMAIN #1 PENNSYLVANIA MERCER 37085212910000 CASAGRANDA #1 PENNSYLVANIA WASHINGTON 37125220650000 FAIRGROUNDS #1 PENNSYLVANIA WASHINGTON 37125220820000 JOHN BURLEY #1 WEST VIRGINIA MARSHALL 47051005390000