Blue Ox #2-H Austin Chalk

BOPD = Barrels of oil per day; MCF = Thousand cubic feet of natural gas also the standard unit for gas sales; MCFPD = Thousand cubic feet of natural gas per day . Glossary.

Sorted by Well Name

Paul Bunyan Drilling Program and Wells
Woodville 2006-1 Drilling Program and Wells

8/11/2008 For the month of June, the well produced 31 Barrels of Oil and 2419 MCF.

7/17/2008 For the month of May, the well produced 9 Barrels of Oil and 1,624 MCF.

6/4/2008 For the month of April, the well produced 2,187 MCF.

5/12/2008 MPI is only providing monthly totals, so we are unable to post daily averages, as we have previously.

For the month of March the well produced 3137 MCF and 78 Barrels of Oil.

For the month of February the well produced 3079 MCF and 9 Barrels of Oil.

2/24/2008 For the month of January, the well produced 60 Barrels of Oil and averaged 237.54 MCFPD.

1/23/2008 For the month of December, the well was online for 16 days and produced a total of 188 Barrels of Oil and averaged 630.94 MCFPD.

9/25/2007 For the month of August, we believe the well has watered out. A time table for the work on this well has not yet been set.

8/21/2007 For the month of July, the well was shut in for most of the month. The well produced gas for 10 days averaging 594.5MCFPD and a total of 45.06 Barrels of OIl. We are waiting for a workover.

7/19/2007 For the month of June, the well was shut in for most of the month and only produced for 10 days, we are waiting for a workover. The well produced 21.72 total barrels of oil and for the 10 days it was online averaged 618.8 MCFPD.

6/28/2007 For the month of May, the well was online for 23 days, and for those 23 days, averaged 4.35 BOPD and 566.9 MCFPD

5/04/2007 For the month of April, the well averaged 7.32 BOPD 54.6 BWPD and 713.50 MCFPD.

For the month of March, the well was online for 19 days and averaged 12.61 BOPD 130 BWPD 1260MCFPD.

4/04/2007 Averaging 1 MMCFPD

3/23/2007 Flow of gas is ranging between 1.25 to 2 MMCFPD. Choke size just raised from 6 (6/64”) to 9 (9/64’).

3/16/2007 Connected to pipeline on and is producing approximately 2.5 MMCFPD

2/13/2007 Pipeline is scheduled to be completed in the middle of March.

1/30/2007 During the drilling of the lateral wellbore it had an excellent kick (the flow of subsurface fluids into a well) and two additional hydrocarbon shows. Well registered a shut-in pressure (pressure on a fluid that is not moving) of 9,200 psi—this is a level of pressure that exceeded the shut-in pressure on the Timberwolf Woodbine well prior to it being put online. We are waiting on the pipeline to begin production.

1/04/2007 Registered a shut-in pressure over 9,000 PSI. This is pressure that exceeded the shut-in pressure for the Timberwolf WB well prior to it being put online. Pipeline is expected to be completed with next 3 to 4 weeks.

12/20/2006 Drilling completed. Initial field reports indicate 2 MMCFPD and 60 BOPD on a 12/64" choke (3/16" diameter).

12/12/06 Progress on the Blue Ox Austin Chalk continues. We have had two additional shows since the 25’-40’ flare. We are still expecting to complete this well within the next 10 days.

12/07/2006 Excellent progress is being made on the Blue Ox Austin Chalk. We had a hydrocarbon show that flared 25' to 40'. Currently expect well completed within next 2 weeks.

11/29/2006 Curve is expected to be finished this week.

11/21/2006 Starting to build the curve

11/14/2006 Setting casing at the top of the Chalk at 14,250'.

11/08/2006 Drilling at 12,500'. 9 5/8 casing set.

11/01/2006 Drilling at 11,546'

10/26/2006 Drilling at 7,950'

10/17/2006 Spudded this morning