SABINE PARISH LOUISIANA SECTION 31 TOWNSHIP 9 NORTH RANGE 13 WEST

ANY ONE KNOW WHATS GOING ON WITH THIS OIL WELL, SIGNED A LEASE IN 2010. NO WORD ON WHEN WELL WOULD BE COMPLETED.

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Ms. Belton,

I have pasted the well data from the LA Dept of Conservation Website below. In case it is too hard to decipher, the long and short of it is that the well was Spud on 03/31/2012, and the well was awaiting completion on 5/10/12. I have no idea how long the well may be awaiting completion, as a variety of factors could impact this. Chesapeake may be waiting for gas prices to come back up, as they have ample time before those 2010 leases expire if they have extension options. Or they may simply be waiting for a completion crew to become available.

Review Well Information

WELLS

SERIAL WELL NAME WELL NUM ORG ID FIELD PARISH PROD TYPE SEC TWN RGE EFFECTIVE DATE API NUM
243924 HA RA SU80;EVANS 31-9-13 H 001 C084 2872 43 00 006 08N 13W 01/12/2012 17085223880000
PRMT DATE SPUD DATE STAT DATE ST CD
10/04/2011 03/31/2012 10/04/2011 01

WELL SURFACE COORDINATES

Surface Longitude Surface Latitude Lambert X Lambert Y Ground Elevation Zone Datum
0-0-0 0-0-0 1613986 382972 277.9 N NAD-27

WELL SURFACE COORDINATES GENERATED BY DNR

UTMX 83 UTMY 83 LONGITUDE 83 LATITUDE 83
429736.14484534 3508932.0484156 -93.74157929 31.71361695

BOTTOM HOLE COORD

EFFECTIVE DATE END DATE PLUGBACK TOTAL DEPTH TRUE VERTICAL DEPTH MEASURED DEPTH LAT DEG LAT MIN LAT SEC LONG DEG LONG MIN LONG SEC COORDINATE SOURCE LAMBERT X LAMBERT Y ZONE COORDINATE SYSTEM
10/04/2011 01/11/2012 12300 17500 0 0 0 0 0 0 02 1613955 388340 N 01
10/04/2011 01/11/2012 12300 17500 0 0 0 0 0 0 02 2894740 449048 N 02
01/12/2012 12300 17500 02 2893470 449062 N 02
01/12/2012 12300 17500 02 1612685 388355 N 01
05/16/2012 11815 16638 02 2893470 449062 N 02

WELL HISTORY

SERIAL WELL NAME WELL NUM ORG ID FIELD ST CD PT WELL CLASS EFF DATE END DATE STAT DATE
243924 HA RA SU80;EVANS 31-9-13 H 001 C084 2872 01 00 01/12/2012 10/04/2011
243924 HA RA SU80;EVANS 31-9-13 H 001 C084 2872 01 00 10/04/2011 01/11/2012 10/04/2011

SCOUT INFO

REPORT DATE WELL STATUS MEASURED DEPTH TRUE VERT DEPTH DETAIL
05/30/2012 09 16638 TD 05-10-12; SET 5 1/2 TO 16631 W/ 665 SX; WAITING ON COMPLETION
05/11/2012 05 15672 DRILLING
05/03/2012 05 11560 SET 7 5/8 TO 11260 W/ 960 SX; DRILLING
04/25/2012 05 10975 DRILLING
04/20/2012 05 8405 DRILLING
04/12/2012 05 3750 SET 10 3/4 TO 3750 W/ 1345 SX
04/11/2012 05 906 SPUD 3-31-12; SET 13 3/8 TO 906 W/ 1770 SX
10/04/2011 01 17500 1700' FWL & 329' FNL OF SEC 6. PBHL: 1650' FWL & 250' FNL OF SEC 31, T09N-R13W.

PERFORATIONS

SERIAL NUM COMPLETION DATE UPPER PERF LOWER PERF SANDS RESERVOIR

WELL TESTS

RPT TYP TEST DATE RPT DATE OIL POT COND GAS DEL WATER BSW% FLOW PRES SHUTIN PRES CHOKE UPPER PERF LOWER PERF BOT HOLE PRES

WELL ALLOWABLES

EFFECTIVE DATE END DATE LUW CODE LUW TYPE CODE ALLOWABLE ESTIMATED POTENTIAL CURRENT ALLOWABLE TYPE

LEASE\UNIT\WELL PRODUCTION

RPT DATE LUW CODE STORAGE FAC DOC USE WELL CNT OPENING STK OIL PROD(BBL) GAS PROD(MCF) DISPOSITION CLOSING STK PARISH

CASING

COMPLETION DATE CASING SIZE WELLBORE SIZE CASING WEIGHT UPPER SET DEPTH LOWER SET DEPTH CEMENT SACKS TEST PRESSURE HOURS UNDER PRESSURE TEST DATE CASING PULLED CREATION PROCESS
05/16/2012 0512 0634 23 0 16631 665 0 0 WELL HISTORY
05/16/2012 0758 0978 29.7 0 11260 960 3000 .5 04/28/2012 WELL HISTORY
05/16/2012 1034 1312 45.5 0 3750 1345 1500 .5 04/08/2012 WELL HISTORY
05/16/2012 1338 1712 61 0 906 1770 1000 .5 04/02/2012 WELL HISTORY

PLUG AND ABANDON

P and A DATE LOCATION TYPE CASING CUT TYPE CASING CUT DEPTH MUD WEIGHT LEFT COMMENTS

PLUGS

PLUG TYPE UPPER PLUG DEPTH LOWER PLUG DEPTH SACKS OF CEMENT SLURRY WEIGHT

TUBING AND PACKERS

COMPLETION DATE TUBING SIZE TUBING LOWER DEPTH TUBING UPPER DEPTH PACKER DEPTH

WORK PERMITS

REFERENCE NUMBER APPLICATION DATE EXPIRATION DATE WORK PERMIT TYPE WORK PERMIT STATUS WORK PERMIT STATUS_DATE TOTAL DEPTH WORK_PERFORMED DOCUMENTATION RECEIPT DATE TEST SAND WORK DESCRIPTION

Chesapeake can pay shut in royalty, which I am sure it is not much and keep the lease in force.

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