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SUGARLOAF 3D, Foard County, Texas

The Sugarloaf Mountain 3D prospect is located in Foard County of North central Texas.
The project consists of the acquisition of approximately 12 square miles of new 3D seismic and targets two distinct geologic provinces. The northern portion of the 3D program is designed to extend the Rasberry production and the southern portion of the 3D survey will help to identify new Granite Wash and Mississippian structures to drill.
The Operator is Modern Exploration, Inc.

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Operator: Modern Exploration, Inc.
Acreage: Various expiring dates
Acquisition Year: 2014
Average Working Interest: 12.50%
Average NRI: 9.625%
Main Objectives: Rasberry reef & Granite Wash
Secondary Objectives: Canyon & Mississippian
Number of wells: multiple

Gross Estimated Gas Reserves: 8 bcf/well
Gross Estimated Oil Reserves: 20,000 bbl/well