EAST TEXAS DRILLING REPORT
DEVELOPMENTAL

Anderson County

The Royal Well No.15I will be drilled 4.6 miles northeast from Elkhart in the Camp Hill Field. This well will bottom at 600-feet drilled in the Rogers, M Survey, A-883 by Carrizo Oil & Gas, Inc.

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Goodrich Petroleum Co. will drill the Bob Sessions Well No.6 in the Raintree (Hosston) Field. This well will be located 1.4 miles northeast from Wells in the Postley, W A Survey, A-511. This well will bottom at 13,000-feet and may also be drilled in a Wildcat Field.

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Harrison County

The Devon Gas Unit Well No.8 will be drilled 7.1 miles northwest from Marshall in the Woodlawn, Southwest (Cotton Valley) Field. This well will be drilled by Penn Virginia Oil & Gas, L.P. in the Gillet, C Survey, A-9 and will bottom at 13,000- feet.

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Devon Energy Production Company, L.P. will drill the Peirce, Reuben Gas Unit Well No.10H in the Waskom (Cotton Valley) Field. This well will be located 4.9 miles southwest from Waskom in the Parks, W Survey, A-558 and will bottom at 13,000- feet.

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Nacogdoches County

The Deloney-Adams Gas Unit Wel No.4 will be drilled 2.7 miles northwest from Garrison in the Naconiche Creek (Cotton Valley) Field. Chesapeake Operating, Inc. will drill the well to a depth of 12,000-feet in the Acosta, J J Survey, A-65 and may also be drilled in the Naconiche Creek (Rodessa-Travis Peak Consolidated) Field.

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Rusk County

The R.T. Smith Gas Unit Well No.3 will be drilled 2.87 miles northeast from Minden in the Brachfield, Southeast (Cotton Valley) Field. The well will be drilled by Fidelity Exploration & Production Co. to a depth of 12,000-feet in the Reeves, D W Survey, A-693.

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In a lease 2.6 miles northwest from Minden in the Brachfield, Southeast (Cotton Valley) Field, the Jarrell Well No.1 will be drilled by EnerVest Operating, L.L.C. This well will bottom at 12,000-feet in the Roberts, J Survey, A-682.

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Shelby County

A Wildcat Field will see the Timberstar-Rusk B 593 Well No.4 will be drilled to a depth of 9,000-feet by Cabot Oil & Gas Corp. This well will be located two miles southeast from Aiken in the Rusk CSL Survey, A-593. This well may also be drilled in the Angie (James Lime) Field.

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The Grant Well No.5 will be drilled 9.8 miles southwest from Center in the Stockman (Travis Peak) Field. This well will bottom at 8,800-feet in the Hopkins, D Survey, A-302 drilled by Encore Operating, L.P. This well may also be drilled in the Stockman (Pettit-Lower) Field.

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Cherokee County

The Ricks Well No.1 is located 1.8 miles northeast from Wells in the Doyle Creek Field. This well was drilled to a depth of 11,900- feet by Southwestern Energy Production Co. When gauged on a 27/64-inch choke, the well potentialed 3.897 million cubic feet of gas. Production is in the Travis Peak formation.

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Gregg County

When gauged on a 20/64- inch choke, the Maud Smith GU Well No.13 potentialed 810,000 cubic feet of natural gas. The well was completed within city limits of Longview in the White Oak Field. EXCO Partners Operating Partnership LP completed the well to a depth of 10,745-feet. Production is in the Cotton Valley Sand formation.

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Harrison County

The Baldwin Well No.8D is located 10.7 miles southeast of Marshall in the Carthage, North Field. This well was completed by G M X Resources Inc. to a depth of 10,107-feet. When gauged on an open choke, the well potentialed 2.040 million cubic feet of gas. Production is in the Cotton Valley formation.

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Comstock Oil & Gas, L.P. has completed the Weatherford Well No.3 and the Williams Estate Well No.5 in the Waskom Field. The No.3 well is located 1.1 miles southeast from Crossroads with a depth of 9,950-feet. When gauged on a 24/64-inch choke, the well potentialed 540,000 cubic feet of natural gas. The No.5 well is located three miles east from Crossroads with a depth of 9,887-feet. When gauged on a 24/64-inch choke, the well potentialed 530,000 cubic feet of natural gas. Production is in the Cotton Valley formation.

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When gauged on a 24/64- inch choke, the Harrison, B. S. Well No.10 potentialed 665,000 cubic feet of gas. This well is located 10.1 miles south from Marshall in the Darco, Southeast Field. Comstock Oil & Gas, L.P. completed the well to a depth of 10,312-feet. Production is in the Cotton Valley formation.

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The Parker Gas Unit Well No.1 is located 2.60 miles north from Hallsville in the Woodlawn, Southwest Field. EnSight III Energy Management, LLC drilled the well to bottom at 10,750-feet. This well was gauged on a 22/64- inch choke and potentialed 223,000 cubic feet of gas. Production is in the Cotton Valley formation.

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Forest Oil Corp. has completed four new wells. The Beatrice Key Gas Unit Well No.7 is located four miles northwest from Karnack in the Woodlawn Field with a depth of 9,874-feet. This well potentialed 534,000 cubic feet of gas when gauged on a 28/64-inch choke. The Blalock CV Gas Unit Well No.5 is located 4.37 miles southwest from Marshall in the Woodlawn, Southwest Field with a depth of 10,420-feet. This well potentialed 611,000 cubic feet of gas when gauged on a 24/64-inch choke. The TJ Taylor Well No.8H is located nine miles southeast from Jefferson in the Woodlawn Field with a depth of 13,030-feet. This well potentialed 3.495 million cubic feet of gas when gauged on a 28/64-inch choke. The TJT Minerals Well No.1 is located 11 miles southeast from Jefferson in the Carthage, North Field with a depth of 10,116-feet. This well potentialed 184,000 cubic feet of gas when gauged on a 28/64-inch choke. Production for all four wells is in the Cotton Valley formation.

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EnerVest Operating, L.L.C. has completed the Bivins Zeigler Gas Unit Well No.4 in the Oak Hill Field. This well is located 6.5 miles southwest from Hallsville with a depth of 10,750-feet. When gauged on a 20/64-inch choke, the well potentialed 921,000 cubic feet of natural gas. Production is in the Cotton Valley formation.

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When gauged on an adjustable choke, the Owens, T.B. Gas Unit Well No.7 potentialed 967,000 cubic feet of gas. This well was completed 4.1 miles east from Woodlawn in the Woodlawn Field. BP America Production Co. drilled the well, no total depth recorded. Production is in the Cotton Valley formation.

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The Lancaster GU Well No.2 has been completed by Penn Virginia Oil & Gas, L.P. in the Carthage, North Field. This well is located 5.6 miles southeast from Marshall with a depth of 10,238- feet. When gauged on a 21/64- inch choke, the well potentialed 266,000 cubic feet of natural gas. Production is in the Cotton Valley formation.

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Panola County

The KF Carter A2 GU Well No.A-3 and the Kyle GU Well No.2 have been completed in the Beckville Field by Goodrich Petroleum Co. The No.A-3 is located 7.2 miles southwest of Tatum and bottoms at 10,271-feet. When gauged on an adjustable choke, the well potentialed 1.176 million cubic feet of natural gas. The No. 2 is located 12 miles west from Carthage and bottoms at 10,290-feet. When gauged on an adjustable choke, the well potentialed 1.169 million cubic feet of natural gas. Production is in the Cotton Valley formation.

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When gauged on an adjustable choke, the Carthage Gas Unit 111 Well No.9 potentialed 2.529 million cubic feet of gas. This well is located 4.1 miles southeast of Clayton in the Carthage Field. EOG Resources, Inc. has completed the well to a depth of 9,552-feet. Production is in the Cotton Valley formation.

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Devon Energy Production Company, L.P. has completed the Mason Well No.23, the Southland Paper Co. Well No.19 and the Haygood, Lois Well No.15 in the Carthage Field. The No.23 is located 5.6 miles southwest from Carthage with a depth of 9,575- feet. This well was gauged on an adjustable choke and potentialed 1.543 million cubic feet of gas. The No.19 is located 6.5 miles southwest from Carthage with a depth of 9,575-feet. This well was gauged on an adjustable choke and potentialed 1.566 million cubic feet of gas. The No.15 is located 6.65 miles southwest from Carthage with a depth of 9,635- feet. This well was gauged on an adjustable choke and potentialed 2.567 million cubic feet of gas. Production is in the Cotton Valley formation.

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ConocoPhillips Co. has completed the Pitts A Unit Well No.11 in the Carthage Field. This well is located 9.1 miles southeast from Carthage with a depth of 93,53-feet. When gauged on a 26/64-inch choke, the well potentialed 1.533 million cubic feet of natural gas. Production is in the Cotton Valley formation.

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The Glovier Hamilton Unit Well No.2 is located 2.6 miles northwest of Beckville in the Beckville Field. Texas American Resources Co. has completed the well to a depth of 10,474-feet. When gauged on a 20/64-inch choke, the well potentialed 1.600 million cubic feet of gas. Production is in the Cotton Valley formation.

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There have been two wells completed by Chesapeake Operating, Inc. in the Carthage Field. The Shaw Gas Unit Well No.7 is located 11 miles southwest from Carthage with a depth of 10,161- feet. When gauged on a 48/64- inch choke, the well potentialed 644,000 cubic feet of gas. Production is in the Taylor-Cotton Valley formation. The Lazarine Well No.1 is located 10.8 miles southwest from Carthage with a depth of 9,900-feet. When gauged on a 20/64-inch choke, the well potentialed 1.441 million cubic feet of gas. Production is in the Upper Cotton Valley formation.

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Rusk County

The Robert Youngblood GU Well No.4, the Siler Heirs Well No.4, the Siler Heirs Well No.5, the Robert Youngblood GU Well No.3 and the Rogers, Travis Well No.1 have been completed by Goodrich Petroleum Co. The Robert Youngblood GU Well No.4 is located 4.8 miles southeast of Henderson in the Minden Field with a depth of 10,767-feet. This well potentialed 450,000 cubic feet of gas when gauged on an adjustable choke. Production is in the Travis Peak Conoslidated formation. The Siler Heirs Well No.4 is located 3.9 miles southeast from Henderson in the Henderson, East Field with a depth of 10,786-feet. This well potentialed 510,000 cubic feet of gas when gauged on a 48/64-inch choke. Production is in the Cotton Valley formation. The Siler Heirs Well No.3 is located 4.3 miles southwest of Henderson in the Minden Field with a depth of 10,905-feet. This well potentialed 753,000 cubic feet of gas when gauged on a 18/64-incg choke. Production is in the Travis Peak Consolidated formation. The Robert Youngblood Well No.3 is located 4.3 miles southeast of Henderson in the Minden Field with a depth of 10,955-feet. This well potentialed 1.683 million cubic feet of gas when gauged on a 21/64-inch choke. Production is in the Travis Peak Consolidated formation. The Rogers, Travis Well No.1 is located 4.5miles west of Henderson in the Minden Field with a depth of 11,000-feet. This well potentialed 1.131 million cubic feet of gas when gauged on an adjustable choke. Production is in the Travis Peak Consolidated formation.

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BP America Production Co. has completed the Kangerga, Michael Gas Unit Well No.4 and the Billy Neal Rogers Gas Unit Well No.8 in the Oak Hill Field. The No.4 well is located 6.8 miles southwest from Tatum with a depth of 10,540-feet. When gauged on an adjustable choke, the well potentialed 1.051 million cubic feet of natural gas. The No.8 well is located 6.1 miles northwest of Henderson with a depth of 10,935-feet. When gauged on an adjustable choke, the well potentialed 1.120 million cubic feet of gas. Production is in the Cotton Valley formation.

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The Appleby, North Field has seen the Reeves-Hibbard Well No.1 completed by EOG Resources, Inc. This well is located 4.1 miles northwest of Garrison with a depth of 9,680-feet. This well potentialed 1.048 million cubic feet of gas when gauged on a 21/64-inch choke. Production is in the Travis Peak and Pettit formation.

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Upshur County

The Eva O'Bryne GU Well No.5 is located three miles northeast from Gladewater in the Gladewater Field. This well was completed to a depth of 11,931- feet by Sojourner Drilling Corp. This well potentialed 1.322 million cubic feet of gas when gauged on a 26/64-inch choke. Production is in the Haynesville formation.