MOODY RANCH, Chambers County, Texas

This block is located in Chambers County, Texas.
The main objective is a succession of Frio sands (F15 to F21, Oligocene).
The prospect consists in testing an AVO anomaly whereas an old well in the vicinity regarded the related sand as potentially productive.
The Operator is Abaco Operating, LLC.
The initial test well spud at the beginning of August 2010 and is still being drilled as of the end of September 2010.

Operator: Abaco Operating, LLC
Acreage: 2,150 acres
Acquisition Year: 2010
Working Interest: 5% (6.67% BCP & 6% BPO on the initial test well)
NRI: 3.65%
Main Objective: Frio sands F15 through F21
Number of wells: 2

Gross Estimated Gas Reserves: 30-40 bcf
Gross Estimated Condensates Reserves: TBD