“Cabot holds approximately 63,000 gross, 33,000 net acres in the Haynesville play. We’re comfortable holding around 50% to 60% working interest as these wells do eat up a lot of resources at $10 million plus each.”

EAST TEXAS JOINT VENTURE

21-Active. 65-Well Project. 33,000-Net Ac.
HAYNESVILLE & MID BOSSIER SHALE
San Augustine, Nacogdoches --
-- & Sabine Counties TX
Sweet Spot w/2 Stacked Target Formations.
260-Sq Mi New Vintage 3-D Seismic.
SELLER SEEKS JOINT VENTURE
Est 4th Qtr 2010 Prod: 27 MMCFED
75% Of Leasehold Held By Production.
Immediately Offset To Successful Well --
-- Tests And Production.
High IP Tests & Estimated Ultimate --
-- Recoveries Seen Across Entire Area.
---AGENT SAYS DEAL CLOSING
---BUYER UNDISCLOSED 02-2011
DV 4888PP