Krotz Springs

• Drill from KSU (E-8) Location
• Target:
  • 40 bcf gas
  • 1 million bbls condensate
• Best estimate:
  • 23.5 bcf gas
  • 750,000 bbls condensate
• Well cost: $3.5 million
• Immediate tie-in
• IP (potential): 10 mmcf
• Pay 15% to earn 13.75%
• NPV discounted at 10%: $4.4 million

Logs – KSU 40 (E-4)
Gas Producer

• Third Cockfield Sand
• Cumulative Production:
  • 10.1 bcf gas
  • 348,000 bbls condensate
• Initial Production Rate:
• 8.2 mmcf/d gas
• 277 bbls/d condensate