Mustang 3D

Ute Mountain Ute Reservation

Summary

  • 52 square miles of 3D

  • Targets from 3000’ to 8000’

  • Over 100 unrisked drilling locations

  • 10 MMBO; 50-100 BCF gas; 50-70 BCF CO2

  • 24-Month 32,270-acre 3D seismic option at $30/acre

    • Paid in 4 equal installments

  • 15% of options will be required to be exercised at $100/acre

  • Net Revenue Interest: 77%

  • 3D Acquisition: ~45K/square

  • Permitting: ~$15/acre

Objectives

Deposition

Regional Production

Ismay/Desert Creek

2D Seismic Evaluation and Anomalies

Existing 2D seismic was used to evaluate the area for algal mounds presenting themselves as seismic anomalies. These were then compared to mounds with known production.

Each mound found in the 2D seismic was then ranked from A (best) to D (most risky).

Leadville/McCracken

Pipelines

Possible Helium Play

For additional information or questions, please contact:

Tim Rynott, Four Cornes Helium, LLC, (970) 946-8182, tlrynott@gmail.com