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ROSE VALLEY 3D, Pratt & Stafford Counties, Kansas

This block covers 19,000 acres and straddles the Pratt and Stafford County line, Kansas.
The project consists of the acquisition of approximately 50 square miles of new 3D seismic in order to fine tune the Paleozoic era structures and to identify new shallow oil structures to drill.
Reservoir objectives are the limestones and sometimes dolomites of the Paleozoic era stage from the Upper Pennsylvanian to the Upper Cambrian.
The Operator is Ares Energy, Ltd

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Operator: Ares Energy, Ltd
Acreage: 19,000 acres
Acquisition Year: 2011
Working Interest: 10% (13.33% on Seimic & Lands)
NRI: 8.35%
Main Objective: Topeka, KC/Lansing Group, Mississippian, Viola, Simpson & Arbuckle Groups
Number of wells: multiple

Gross Estimated Gas Reserves: 16,500 mcf/well
Gross Estimated Oil Reserves: 30,500 bbl/well