Exhibit 99.1
 RESERVE AND ECONOMIC EVALUATION
FIELDPOINT PETROLEUM CORPORATION
SEC CASE ECONOMICS
AS OF JANUARY 1, 2010
 PREPARED FOR
 RAY REAVES
 MARCH 10, 2010
 FLETCHER LEWIS ENGINEERING, INC




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##### 



March 10, 2010
    
    (FLETCHER LEWIS ENGINEERING, INC. LOGO)5001 N. PENNSYLVANIA, SUITE 300
PENN PARK OFFICE CENTER
OKLAHOMA CITY, OKLAHOMA 73112
(405) 840-5675
 
 RE:
    
    Reserve and Economic EvaluationFieldpoint Petroleum CorporationSEC Case EconomicsAs of January 1, 2010




---



##### 



FUTURE
    
    
    DISCOUNTEDNET
    
    
    PRESENTNET OIL
    
    
    NET GAS
    
    
    REVENUE
    
    
    WORTH 10%(BBLS)
    
    
    (MCF)
    
    
    $
    
    
    $Proved Developed Producing
    
    
    58,725
    
    
    
    85,617
    
    
    
    1,934,538
    
    
    
    1,236,677Behind-Pipe
    
    
    168,474
    
    
    
    503,784
    
    
    
    6,567,205
    
    
    
    3,281,458Proved Undeveloped
    
    
    42,194
    
    
    
    22,576
    
    
    
    1,71,0949
    
    
    
    717,830Summary Proved
    
    
    269,393
    
    
    
    611,977
    
    
    
    10,212,692
    
    
    
    5,235,965
  RESERVE CATEGORIES




---



##### 



RESERVE DETERMINATION




---



##### 








---



##### 








---



##### 








---



##### 



ECONOMIC ANALYSIS
  OIL PRICE
    
    
    GAS PRICEJAN 1, 2009
    
    $
    40.00
    
    
    $
    4.61FEB 1, 2009
    
    $
    36.65
    
    
    $
    3.09MAR 1, 2009
    
    $
    39.35
    
    
    $
    2.64APR 1, 2009
    
    $
    43.98
    
    
    $
    2.74MAY 1, 2009
    
    $
    48.62
    
    
    $
    2.73JUN 1, 2009
    
    $
    63.87
    
    
    $
    2.73JUL 1, 2009
    
    $
    64.38
    
    
    $
    3.26AUG 1, 2009
    
    $
    64.50
    
    
    $
    3.10SEP 1, 2009
    
    $
    63.04
    
    
    $
    2.42OCT 1, 2009
    
    $
    65.81
    
    
    $
    3.50NOV 1, 2009
    
    $
    72.06
    
    
    $
    4.34DEC 1, 2009
    
    $
    77.68
    
    
    $
    4.43AVERAGE
    
    $
    56.66
    
    
    $
    3.30




---



##### 



GENERAL




---



##### 



Sincerely,-s- Fletcher LewisFletcher Lewis, P.E.Fieldpoint-report 2010 sec




---



##### 



GENERAL INFORMATION 

FIELDPOINT PETROLEUM CORPORATION PROPERTIES
 NETWORKING
    
    
    REVENUEINTEREST
    
    
    INTERESTWELL NAME
    

LOCATION
    

COUNTY
    

%
    
    

%ALEXANDER #1-3
    
    3 B&B SUR
    
    HEMPHILL
    
    
    0.0585
    
    
    
    0.0180BARGER #1-11
    
    11-9N-11W
    
    CADDO
    
    
    0.1953
    
    
    
    0.1587BARGER #2-11
    
    11-9N-11W
    
    CADDO
    
    
    0.1953
    
    
    
    0.1485BARROW #1-31
    
    31-10N-11W
    
    CADDO
    
    
    0.0974
    
    
    
    0.0842BARROW #2-31
    
    31-10N-11W
    
    CADDO
    
    
    0.3896
    
    
    
    0.3367BRITT LEASE
    
    20-4N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    18.5797BRITT 10 LEASE
    
    20-4N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    20.3125LOWINDA BROWN #6-8
    
    7-1N-8E
    
    COAL
    
    
    21.8750
    
    
    9.5703
    OIL19.5703
    GASBUTLER LEASE
    
    30-5N-8E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    20.9003CHANUTE LEASE
    
    36-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8750CITY OF ARDMORE #1-3
    
    3-5S-2E
    
    CARTER
    
    
    0.8536
    
    
    
    0.6651DEVAUGHAN #1-31
    
    31-10N-11W
    
    CADDO
    
    
    0.3896
    
    
    
    0.3367DIAMOND LEASE
    
    30-5N-8E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    20.8840ECKROAT #1-15
    
    15-12N-2W
    
    OKLAHOMA
    
    
    16.7637
    
    
    
    13.4109FRANK EDGE #1-11
    
    11-9N-11W
    
    CADDO
    
    
    0.1953
    
    
    
    0.1587IDA EDGE #1-11
    
    11-9N-11W
    
    CADDO
    
    
    0.1953
    
    
    
    0.1587FOLMAR #1-27
    
    27-12N-2W
    
    OKLAHOMA
    
    
    17.1875
    
    
    
    14.9274DORA HELMS #3-2
    
    2-1N-7E
    
    OKLAHOMA
    
    
    18.8423
    
    
    
    15.7478DORA HELMS #4-2
    
    2-1N-7E
    
    PONTOTOC
    
    
    18.8423
    
    
    
    17.1831HENDRICKS #1-15
    
    15-6N-9W
    
    CADDO
    
    
    0.1094
    
    
    
    0.0634HENDRICKS TRUST #1-27
    
    27-12N-2W
    
    OKLAHOMA
    
    
    25.0000
    
    
    
    20.3125IDA HOLLIE #1-20
    
    20-7N-23E
    
    LEFLORE
    
    
    0.5207
    
    
    
    0.4232IDA HOLLIE #2-20
    
    20-7N-23E
    
    LEFLORE
    
    
    0.5207
    
    
    
    0.4232E E HOUSE #10-12
    
    12-1N-7E
    
    PONTOTOC
    
    
    21.8750
    
    
    9.5704
    OIL19.1407
    GASJESSIE #1-24
    
    24-12N-13W
    
    CADDO
    
    
    0.4035
    
    
    
    0.3531JESSIE TOWNSITE #1-2
    
    2-1N-7E
    
    PONTOTOC
    
    
    18.8064
    
    
    
    17.0021KOLB #1-15
    
    15-12N-2W
    
    OKLAHOMA
    
    
    21.8750
    
    
    
    17.7734LEWIS #1-11
    
    11-5N-2W
    
    MCCLAIN
    
    
    11.2386
    
    
    
    9.6085




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##### 



GENERAL INFORMATION
FIELDPOINT PETROLEUM CORPORATION PROPERTIES
 NETWORKING
    
    
    REVENUEINTEREST
    
    
    INTERESTWELL NAME
    

LOCATION
    

COUNTY
    

%
    
    

%LIVELY #1-6
    
    6-5N-20E
    
    LATIMER
    
    
    0.3906
    
    
    
    0.2930MCBRIDE #1-8
    
    8-9N-11W
    
    CADDO
    
    
    0.0977
    
    
    
    0.0794MCCURTAIN #1-1
    
    1-1N-7E
    
    PONTOTOC
    
    
    20.5625
    
    
    
    17.9922MCDONALD LEASE
    
    19-5N-8E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8750MCINTOSH #1-11
    
    11-4N-9W
    
    COMANCHE
    
    
    0.1297
    
    
    
    0.0979MOONEY #1-29
    
    29-6N-2W
    
    MCCLAIN
    
    
    17.1875
    
    
    
    13.6211MOUNT GILCREASE #1-6
    
    26-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8250MOUNT GILCREASE #1-7
    
    25-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8250MOUNT GILCREASE #2-12
    
    25-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8750MOUNT GILCREASE #2-16
    
    36-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8750MOUNT GILCREASE #3-12
    
    36-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8750MOUNT GILCREASE #4-2
    
    36-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8750MOUNT GILCREASE #5-3
    
    36-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8750MOUNT GILCREASE #5-4
    
    36-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8750MOUNT GILCREASE #8-6
    
    36-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8750MOUNT GILCREASE #8-9
    
    36-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8750MOUNT GILCREASE UNIT
    
    25,26&35-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.7707MUSE #1-33
    
    33-2N-7E
    
    PONTOTOC
    
    
    6.2500
    
    
    
    5.4688NAN #1-30
    
    30-5N-8E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    19.8242NAN #2-30
    
    30-5N-8E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    19.8242NORTH STEEDMAN #2-11
    
    36-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8750NORTH STEEDMAN #8-1
    
    36-5N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.8750NORTHEAST FITTS UNIT
    
    22 & 23-2N-7E
    
    PONTOTOC
    
    
    0.0009
    
    
    
    .00075PARMENTER #2-4
    
    4-18N-15W
    
    DEWEY
    
    
    2.8438
    
    
    
    2.2395K O PAYNE #1-10
    
    10-17N-12W
    
    BLAINE
    
    
    1.1349
    
    
    
    0.9431PETTYJOHN B
    
    1-1N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    20.5078CE PETTYJOHN
    
    1-1N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    20.5078GLADYS PETTYJOHN
    
    1-1N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    21.0937POLLARD #2-31
    
    31-19N-4W
    
    LOGAN
    
    
    4.5921
    
    
    
    3.7411POWELL D #1-22
    
    22-7N-8W
    
    GRADY
    
    
    3.1250
    
    
    
    2.5000PROVENCE #1-2
    
    2-1N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    20.8733




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##### 



GENERAL INFORMATION
FIELDPOINT PETROLEUM CORPORATION PROPERTIES
 NETWORKING
    
    
    REVENUEINTEREST
    
    
    INTERESTWELL NAME
    

LOCATION
    

COUNTY
    

%
    
    

%PROVENCE A LEASE
    
    2-1N-7E
    
    PONTOTOC
    
    
    25.0000
    
    
    
    20.8733ROSSER #1-31
    
    31-10N-11W
    
    CADDO
    
    
    0.0974
    
    
    
    0.0842ROZIE #1-31
    
    31-10N-11W
    
    CADDO
    
    
    0.0974
    
    
    
    0.0760SANDY A #1-8
    
    8-1N-8E
    
    COAL
    
    
    4.9781
    
    
    
    4.0771SHAW #1-11
    
    11-9N-11W
    
    CADDO
    
    
    0.1953
    
    
    
    0.1587SHAW #2-11
    
    11-9N-11W
    
    CADDO
    
    
    0.1953
    
    
    
    0.1587R W SIMPSON #1-12
    
    12-1N-7E
    
    PONTOTOC
    
    
    21.8750
    
    
    
    19.1407TEX #1-14
    
    14-4N-16E
    
    PITTSBURG
    
    
    0.8203
    
    
    
    0.6768THOMAS #1-20
    
    20-2N-7E
    
    PONTOTOC
    
    
    21.8750
    
    
    
    18.8241GEORGE THOMPSON #1-1
    
    1-1N-7E
    
    PONTOTOC
    
    
    15.1563
    
    
    
    12.3145PHARR THOMPSON #1-2
    
    2-1N-7E
    
    PONTOTOC
    
    
    5.6989
    
    
    
    4.9680THOMPSON HEIRS #4 & 5-1
    
    1-1N-7E
    
    PONTOTOC
    
    
    17.5938
    
    
    
    15.0108TROGDEN #1-15
    
    15-6N-9W
    
    CADDO
    
    
    0.0936
    
    
    
    0.0708VIRGINIA #1-31
    
    31-10N-11W
    
    CADDO
    
    
    0.0974
    
    
    
    0.0676




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##### 



RESERVE AND ECONOMIC EVALUATION
FIELDPOINT PETROLEUM CORPORATION
AS OF JANUARY 1, 2010
 NET OIL
    
    
    NET GAS
    
    
    FUTURE NET
    
    
    DISCOUNTEDNAME
    

STATUS
    

BBLS
    
    

MCF
    
    

CASHFLOW
    
    

10% $ALEXANDER #1-3
    
    PDP
    
    
    1
    
    
    
    139
    
    
    
    155
    
    
    
    118BARGER #1-11
    
    PDP
    
    
    4
    
    
    
    214
    
    
    
    524
    
    
    
    389BARGER #2-11
    
    PDP
    
    
    4
    
    
    
    33
    
    
    
    107
    
    
    
    94BARROW #1-31
    
    PDP
    
    
    4
    
    
    
    381
    
    
    
    1,195
    
    
    
    794BARROW #2-31
    
    PDP
    
    
    13
    
    
    
    1,143
    
    
    
    3,444
    
    
    
    2,545BRITT LEASE
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0BHP
    
    
    6,799
    
    
    
    0
    
    
    
    286,323
    
    
    
    161,497BRITT 10 LEASE
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0LOWINDA BROWN #6-8
    
    PDP
    
    
    1,207
    
    
    
    16,469
    
    
    
    61,026
    
    
    
    44,848BUTLER LEASE
    
    PDP
    
    
    51
    
    
    
    119
    
    
    
    48
    
    
    
    47BHP
    
    
    565
    
    
    
    61,239
    
    
    
    77,549
    
    
    
    59,271PUD
    
    
    18,812
    
    
    
    22,576
    
    
    
    843,802
    
    
    
    367,670CHANUTE LEASE
    
    PDP
    
    
    2,037
    
    
    
    0
    
    
    
    50,806
    
    
    
    33,977CITY OF ARDMORE #1-3
    
    PDP
    
    
    0
    
    
    
    1,223
    
    
    
    2,573
    
    
    
    2,169DEVAUGHAN #1-31
    
    PDP
    
    
    5
    
    
    
    815
    
    
    
    2,091
    
    
    
    1,567DIAMOND LEASE
    
    PDP
    
    
    12,364
    
    
    
    0
    
    
    
    366,072
    
    
    
    248,182BHP
    
    
    0
    
    
    
    23,904
    
    
    
    12,265
    
    
    
    9,331PUD
    
    
    19,266
    
    
    
    0
    
    
    
    741,352
    
    
    
    274,224ECKROAT #1-15
    
    PDP
    
    
    63
    
    
    
    0
    
    
    
    291
    
    
    
    274FRANK EDGE #1-11
    
    PDP
    
    
    6
    
    
    
    77
    
    
    
    287
    
    
    
    229IDA EDGE #1-11
    
    PDP
    
    
    16
    
    
    
    386
    
    
    
    1,653
    
    
    
    1,029FOLMAR #1-27
    
    PDP
    
    
    6,189
    
    
    
    0
    
    
    
    230,523
    
    
    
    129,282DORA HELMS #3-2
    
    PDP
    
    
    726
    
    
    
    10,779
    
    
    
    42,647
    
    
    
    27,623DORA HELMS #4-2
    
    PDP
    
    
    0
    
    
    
    2,816
    
    
    
    1,954
    
    
    
    1,661HENDRICKS #1-15
    
    PDP
    
    
    0
    
    
    
    17
    
    
    
    7
    
    
    
    6HENDRICKS TRUST #1-22
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0IDA HOLLIE #1-20
    
    PDP
    
    
    0
    
    
    
    2,082
    
    
    
    5,155
    
    
    
    4,050IDA HOLLIE #2-20
    
    PDP
    
    
    0
    
    
    
    294
    
    
    
    198
    
    
    
    167E E HOUSE #10-12
    
    PDP
    
    
    0
    
    
    
    18,127
    
    
    
    23,860
    
    
    
    17,237JESSIE #1-24
    
    PDP
    
    
    0
    
    
    
    304
    
    
    
    386
    
    
    
    342JESSIE TOWNSITE #1-2
    
    PDP
    
    
    5,968
    
    
    
    0
    
    
    
    212,619
    
    
    
    128,918KOLB #1-15
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0
 fieldpoint 2010  TABLES
    
    1




---



##### 



RESERVE AND ECONOMIC EVALUATION
FIELDPOINT PETROLEUM CORPORATION
AS OF JANUARY 1, 2010
 NET OIL
    
    
    NET GAS
    
    
    FUTURE NET
    
    
    DISCOUNTEDNAME
    
    STATUS
    
    
    BBLS
    
    
    MCF
    
    
    CASHFLOW
    
    
    10% $LEWIS #1-11
    
    PDP
    
    
    405
    
    
    
    8,023
    
    
    
    22,859
    
    
    
    13,646LIVELY #1-6
    
    PDP
    
    
    0
    
    
    
    1,151
    
    
    
    2,116
    
    
    
    1,680MCBRIDE #1-8
    
    PDP
    
    
        0
    
    
    
    0
    
    
    
    0
    
    
    
    0MCCURTAIN #1-1
    
    PDP
    
    
    471
    
    
    
    1,856
    
    
    
    12,541
    
    
    
    10,092MCDONALD LEASE
    
    PDP
    
    
    1,054
    
    
    
    0
    
    
    
    12,726
    
    
    
    10,697BHP
    
    
    9,398
    
    
    
    24,910
    
    
    
    434,637
    
    
    
    267,257MCINTOSH #1-11
    
    PDP
    
    
    0
    
    
    
    479
    
    
    
    735
    
    
    
    480MOONEY #1-29
    
    PDP
    
    
    1,046
    
    
    
    0
    
    
    
    23,812
    
    
    
    14,795MOUNT GILCREASE #1-6
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0MOUNT GILCREASE #1-7
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0MOUNT GILCREASE #2-12
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0MOUNT GILCREASE #2-16
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0MOUNT GILCREASE #3-12
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0MOUNT GILCREASE #4-2
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0MOUNT GILCREASE #5-3
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0MOUNT GILCREASE #5-4
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0MOUNT GILCREASE #8-6
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0MOUNT GILCREASE #8-9
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0MOUNT GILCREASE UNIT
    
    PDP
    
    
    3,313
    
    
    
    0
    
    
    
    19,181
    
    
    
    17,944MOUNT GILCREASE UNIT
    
    BHP
    
    
    0
    
    
    
    371,328
    
    
    
    306,327
    
    
    
    227,068MOUNT GILCREASE UNIT
    
    BHP
    
    
    136,562
    
    
    
    0
    
    
    
    4,911,788
    
    
    
    2,230,814MUSE #1-35
    
    PDP
    
    
    1,156
    
    
    
    0
    
    
    
    32,244
    
    
    
    20,612NAN LEASE
    
    PDP
    
    
    1,045
    
    
    
    0
    
    
    
    16,578
    
    
    
    12,836NAN #1-30
    
    BHP
    
    
    0
    
    
    
    22,403
    
    
    
    25,256
    
    
    
    19,721NAN #2-30
    
    BHP
    
    
    2,974
    
    
    
    0
    
    
    
    113,144
    
    
    
    76,958NORTH STEEDMAN #2-11
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0NORTH STEEDMAN #8-1
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0NORTHEAST FITTS UNIT
    
    PDP
    
    
    118
    
    
    
    0
    
    
    
    2,393
    
    
    
    2,005PARMENTER #2-4
    
    PDP
    
    
    0
    
    
    
    1,006
    
    
    
    1,295
    
    
    
    1,127K O PAYNE #1-10
    
    PDP
    
    
    0
    
    
    
    278
    
    
    
    176
    
    
    
    165PETTYJOHN B
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0CE PETTYJOHN
    
    PDP
    
    
    24
    
    
    
    1,253
    
    
    
    152
    
    
    
    288
 fieldpoint
2010  TABLES
    
    2




---



##### 



RESERVE AND ECONOMIC EVALUATION
FIELDPOINT PETROLEUM CORPORATION
AS OF JANUARY 1, 2010
 NET OIL
    
    
    NET GAS
    
    
    FUTURE NET
    
    
    DISCOUNTEDNAME
    
    STATUS
    
    
    BBLS
    
    
    MCF
    
    
    CASHFLOW
    
    
    10% $GLADYS PETTYJOHN
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0POLLARD #2-31
    
    PDP
    
    
    75
    
    
    
    2,393
    
    
    
    3,504
    
    
    
    2,729POWELL D #1-22
    
    PDP
    
    
    0
    
    
    
    1,935
    
    
    
    2,636
    
    
    
    2,162PROVENCE #1-2
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0PROVENCE A LEASE
    
    PDP
    
    
    0
    
    
    
    7,523
    
    
    
    5,756
    
    
    
    4,639BHP
    
    
    12,176
    
    
    
    0
    
    
    
    399,916
    
    
    
    229,541PUD
    
    
    4,116
    
    
    
    0
    
    
    
    125,795
    
    
    
    75,936ROSSER 1-31
    
    PDP
    
    
    1
    
    
    
    140
    
    
    
    324
    
    
    
    251ROZIE #1-31
    
    PDP
    
    
    4
    
    
    
    448
    
    
    
    1,257
    
    
    
    806SANDY A #1-8
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0SHAW #1-11
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0SHAW #2-11
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0R W SIMPSON #1-12
    
    PDP
    
    
    0
    
    
    
    0
    
    
    
    0
    
    
    
    0TEX #1-14
    
    PDP
    
    
    0
    
    
    
    2,245
    
    
    
    2,139
    
    
    
    1,547THOMAS #1-20
    
    PDP
    
    
    17,324
    
    
    
    0
    
    
    
    657,819
    
    
    
    399,076GEORGE THOMPSON #1-1
    
    PDP
    
    
    1,500
    
    
    
    0
    
    
    
    41,910
    
    
    
    26,803PHARR THOMPSON #1-2
    
    PDP
    
    
    102
    
    
    
    1,133
    
    
    
    3,326
    
    
    
    2,532THOMPSON HEIRS #4 & 5-2
    
    PDP
    
    
    2,428
    
    
    
    0
    
    
    
    61,000
    
    
    
    43,866TROGDEN #1-15
    
    PDP
    
    
    0
    
    
    
    83
    
    
    
    28
    
    
    
    27VIRGINIA #1-31
    
    PDP
    
    
    2
    
    
    
    252
    
    
    
    409
    
    
    
    323PROVED DEVELOPED
PRODUCING
    
    
    
    
    
    
    58,725
    
    
    
    85,617
    
    
    
    1,934,538
    
    
    
    1,236,677BEHIND-PIPE
    
    
    
    
    
    
    168,474
    
    
    
    503,784
    
    
    
    6,567,205
    
    
    
    3,281,458PROVED UNDEVELOPED
    
    
    
    
    
    
    42,194
    
    
    
    22,576
    
    
    
    1,710,949
    
    
    
    717,830SUMMARY PROVED
    
    
    
    
    
    
    269,393
    
    
    
    611,977
    
    
    
    10,212,692
    
    
    
    5,235,965
 fieldpoint 2010  TABLES
    
    3




---



##### 



RESERVES AND ECONOMICSSUMMARYPROVEDAS OF JAN 1, 2010Run Date 1/15/2010 22:25
 INTERESTS AND DATE FIRST EFFECTIVE
    
    
    PRESENT WORTH M$COST
    
    LIQUID
    
    GAS
    
    DATE
    
    
    
    
    5.000
    
    
    
    7115.31110.000
    
    
    
    5235.96515.000
    
    
    
    4023.64920.000
    
    
    
    3201.11825.000
    
    
    
    2619.266
 WELL COUNT
    
    
    API
    
    
    BASE
    
    
    TRANS.
    
    
    PROD.
    
    
    ADVAL
    
    
    PRICES
    
    
    CF/BBL
    
    
    GROSS
    
    
    RESERVES
    
    
    % GROSSGROSS
    
    
    NET
    
    
    OR BTU
    
    
    PRICE
    
    
    CHARGE
    
    
    TAXES
    
    
    TAXES
    
    
    BEGIN
    
    
    ENDING
    
    
    LIFE WT
    
    
    BL/MMCF
    
    
    CUMULATIVE
    
    
    REMAINING
    
    
    ULTIMATE
    
    
    REMAININGOIL
    
    
    189
    
    
    
    41.57
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    51.12
    
    
    
    51.12
    
    
    
    51.12
    
    
    
    5643
    
    
    
    7812.13
    
    
    
    1476.75
    
    
    
    9288.88
    
    
    15.90
    % OILGAS
    
    

    56
    
    
    
    9.03
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3.45
    
    
    
    1.78
    
    
    
    1.75
    
    
    
    177
    
    
    
    87757.91
    
    
    
    8664.88
    
    
    
    96422.79
    
    
    8.99
    % GASCOND
    
    
    0
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    51.12
    
    
    
    51.12
    
    
    
    51.12
    
    
    
    0
    
    
    
    362.13
    
    
    
    58.70
    
    
    
    420.83
    
    
    13.95
    % COND
 GROSS
    
    
    GROSS OIL +
    
    
    GROSS GAS
    
    
    NET OIL
    
    
    NET GAS
    
    
    EFF OIL &
    
    
    EFFECTIVE
    
    
    OIL + COND
    
    
    GAS
    
    
    TOTALWELL COUNT
    
    
    COND PROD
    
    
    PRODUCTION
    
    
    COND PROD
    
    
    PRODUCTION
    
    
    COND PRICE
    
    
    GAS PRICE
    
    
    SALES
    
    
    SALES
    
    
    SALESYEAR
    
    WELLS/MO
    
    
    MBBLS
    
    
    MMCF
    
    
    MBBLS
    
    
    MMCF
    
    
    $/BBL
    
    
    $/MCF
    
    
    M$
    
    
    M$
    
    
    M$2010
    
    
    109.000
    
    
    
    88.835
    
    
    
    1041.806
    
    
    
    8.012
    
    
    
    13.410
    
    
    
    51.120
    
    
    
    3.483
    
    
    
    409.592
    
    
    
    46.705
    
    
    
    456.2972011
    
    
    132.000
    
    
    
    96.380
    
    
    
    1103.530
    
    
    
    10.919
    
    
    
    57.827
    
    
    
    51.120
    
    
    
    2.385
    
    
    
    558.158
    
    
    
    137.891
    
    
    
    696.0492012
    
    
    95.000
    
    
    
    104.017
    
    
    
    1606.589
    
    
    
    13.814
    
    
    
    194.410
    
    
    
    51.120
    
    
    
    1.525
    
    
    
    706.147
    
    
    
    296.554
    
    
    
    1002.7012013
    
    
    111.000
    
    
    
    115.614
    
    
    
    1444.503
    
    
    
    17.474
    
    
    
    183.573
    
    
    
    51.120
    
    
    
    1.444
    
    
    
    893.264
    
    
    
    265.078
    
    
    
    1158.3422014
    
    
    112.000
    
    
    
    121.923
    
    
    
    817.333
    
    
    
    19.885
    
    
    
    67.244
    
    
    
    51.120
    
    
    
    1.620
    
    
    
    1016.538
    
    
    
    108.912
    
    
    
    1125.4502015
    
    
    119.000
    
    
    
    128.789
    
    
    
    601.774
    
    
    
    22.255
    
    
    
    35.008
    
    
    
    51.120
    
    
    
    1.836
    
    
    
    1137.701
    
    
    
    64.272
    
    
    
    1201.9732016
    
    
    109.000
    
    
    
    124.517
    
    
    
    438.198
    
    
    
    24.267
    
    
    
    14.292
    
    
    
    51.120
    
    
    
    2.444
    
    
    
    1240.508
    
    
    
    34.936
    
    
    
    1275.4442017
    
    
    107.000
    
    
    
    112.751
    
    
    
    371.832
    
    
    
    22.704
    
    
    
    11.638
    
    
    
    51.120
    
    
    
    2.447
    
    
    
    1160.654
    
    
    
    28.483
    
    
    
    1189.1372018
    
    
    100.000
    
    
    
    99.128
    
    
    
    308.140
    
    
    
    19.973
    
    
    
    6.983
    
    
    
    51.120
    
    
    
    2.749
    
    
    
    1021.015
    
    
    
    19.198
    
    
    
    1040.2132019
    
    
    96.000
    
    
    
    87.283
    
    
    
    226.381
    
    
    
    17.595
    
    
    
    5.439
    
    
    
    51.120
    
    
    
    2.909
    
    
    
    899.435
    
    
    
    15.824
    
    
    
    915.2592020
    
    
    94.000
    
    
    
    76.760
    
    
    
    158.713
    
    
    
    15.502
    
    
    
    4.942
    
    
    
    51.120
    
    
    
    2.886
    
    
    
    792.477
    
    
    
    14.263
    
    
    
    806.7392021
    
    
    91.000
    
    
    
    66.849
    
    
    
    126.924
    
    
    
    13.494
    
    
    
    4.236
    
    
    
    51.120
    
    
    
    2.860
    
    
    
    689.815
    
    
    
    12.112
    
    
    
    701.9272022
    
    
    85.000
    
    
    
    57.043
    
    
    
    83.110
    
    
    
    11.538
    
    
    
    2.171
    
    
    
    51.120
    
    
    
    2.516
    
    
    
    589.809
    
    
    
    5.462
    
    
    
    595.2712023
    
    
    80.000
    
    
    
    49.932
    
    
    
    72.582
    
    
    
    10.109
    
    
    
    1.721
    
    
    
    51.120
    
    
    
    2.337
    
    
    
    516.754
    
    
    
    4.023
    
    
    
    520.7772024
    
    
    80.000
    
    
    
    42.866
    
    
    
    65.923
    
    
    
    8.685
    
    
    
    1.618
    
    
    
    51.120
    
    
    
    2.321
    
    
    
    443.956
    
    
    
    3.754
    
    
    
    447.710SUB TOTAL
    
    
    132.000
    
    
    
    1372.687
    
    
    
    8467.338
    
    
    
    236.225
    
    
    
    604.511
    
    
    
    51.120
    
    
    
    1.749
    
    
    
    12075.824
    
    
    
    1057.465
    
    
    
    13133.289REMAINDER
    
    
    78.000
    
    
    
    162.764
    
    
    
    197.541
    
    
    
    33.168
    
    
    
    7.466
    
    
    
    51.120
    
    
    
    2.062
    
    
    
    1695.565
    
    
    
    15.391
    
    
    
    1710.956TOT 22.7 YR
    
    
    132.000
    
    
    
    1535.451
    
    
    
    8664.879
    
    
    
    269.393
    
    
    
    611.977
    
    
    
    51.120
    
    
    
    1.753
    
    
    
    13771.389
    
    
    
    1072.856
    
    
    
    14844.245
 EFFECTIVE
    
    
    NET TOTAL
    
    
    DIR OPR EXP
    
    
    TOT OPR EXP
    
    
    OPERATING
    
    
    TOT INVEST
    
    
    NET
    
    
    CUM NET
    
    
    NET C.F.
    
    
    CUM C.F.WPT TAX
    
    
    PROD TAXES
    
    
    ADVAL TAX
    
    
    + TAXES
    
    
    REVENUE
    
    
    TANG+INTANG
    
    
    CASHFLOW
    
    
    CASHFLOW
    
    
    DISC @ 10.0
    
    
    DISC @ 10.0YEAR
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$2010
    
    
    0.000
    
    
    
    32.833
    
    
    
    149.500
    
    
    
    182.333
    
    
    
    273.964
    
    
    
    0.000
    
    
    
    273.964
    
    
    
    273.964
    
    
    
    260.682
    
    
    
    260.6822011
    
    
    0.000
    
    
    
    50.069
    
    
    
    169.234
    
    
    
    219.302
    
    
    
    476.746
    
    
    
    115.225
    
    
    
    361.521
    
    
    
    635.485
    
    
    
    308.825
    
    
    
    569.5072012
    
    
    0.000
    
    
    
    72.139
    
    
    
    141.971
    
    
    
    214.110
    
    
    
    788.591
    
    
    
    66.000
    
    
    
    722.591
    
    
    
    1358.076
    
    
    
    565.884
    
    
    
    1135.3902013
    
    
    0.000
    
    
    
    83.343
    
    
    
    161.810
    
    
    
    245.153
    
    
    
    913.189
    
    
    
    62.700
    
    
    
    850.489
    
    
    
    2208.565
    
    
    
    606.800
    
    
    
    1742.1902014
    
    
    0.000
    
    
    
    80.982
    
    
    
    174.398
    
    
    
    255.379
    
    
    
    870.070
    
    
    
    26.400
    
    
    
    843.670
    
    
    
    3052.236
    
    
    
    547.093
    
    
    
    2289.2832015
    
    
    0.000
    
    
    
    86.485
    
    
    
    183.944
    
    
    
    270.429
    
    
    
    931.544
    
    
    
    29.700
    
    
    
    901.844
    
    
    
    3954.079
    
    
    
    531.291
    
    
    
    2820.5742016
    
    
    0.000
    
    
    
    91.769
    
    
    
    176.519
    
    
    
    268.289
    
    
    
    1007.156
    
    
    
    26.400
    
    
    
    980.756
    
    
    
    4934.835
    
    
    
    525.662
    
    
    
    3346.2352017
    
    
    0.000
    
    
    
    85.565
    
    
    
    180.169
    
    
    
    265.734
    
    
    
    923.403
    
    
    
    0.000
    
    
    
    923.403
    
    
    
    5858.238
    
    
    
    450.796
    
    
    
    3797.0312018
    
    
    0.000
    
    
    
    74.839
    
    
    
    172.705
    
    
    
    247.544
    
    
    
    792.669
    
    
    
    0.000
    
    
    
    792.669
    
    
    
    6650.907
    
    
    
    351.708
    
    
    
    4148.7392019
    
    
    0.000
    
    
    
    65.849
    
    
    
    168.133
    
    
    
    233.982
    
    
    
    681.278
    
    
    
    0.000
    
    
    
    681.278
    
    
    
    7332.185
    
    
    
    274.799
    
    
    
    4423.5392020
    
    
    0.000
    
    
    
    58.043
    
    
    
    167.192
    
    
    
    225.235
    
    
    
    581.504
    
    
    
    0.000
    
    
    
    581.504
    
    
    
    7913.688
    
    
    
    213.246
    
    
    
    4636.7852021
    
    
    0.000
    
    
    
    50.503
    
    
    
    164.524
    
    
    
    215.027
    
    
    
    486.900
    
    
    
    0.000
    
    
    
    486.900
    
    
    
    8400.588
    
    
    
    162.407
    
    
    
    4799.1922022
    
    
    0.000
    
    
    
    42.827
    
    
    
    153.472
    
    
    
    196.300
    
    
    
    398.971
    
    
    
    0.000
    
    
    
    398.971
    
    
    
    8799.559
    
    
    
    120.927
    
    
    
    4920.1192023
    
    
    0.000
    
    
    
    37.473
    
    
    
    148.572
    
    
    
    186.046
    
    
    
    334.731
    
    
    
    0.000
    
    
    
    334.731
    
    
    
    9134.290
    
    
    
    92.260
    
    
    
    5012.3782024
    
    
    0.000
    
    
    
    32.211
    
    
    
    146.697
    
    
    
    178.908
    
    
    
    268.802
    
    
    
    0.000
    
    
    
    268.802
    
    
    
    9403.092
    
    
    
    67.364
    
    
    
    5079.743SUB TOTAL
    
    
    0.000
    
    
    
    944.931
    
    
    
    2458.841
    
    
    
    3403.772
    
    
    
    9729.517
    
    
    
    326.425
    
    
    
    9403.092
    
    
    
    9403.092
    
    
    
    5079.743
    
    
    
    5079.743REMAINDER
    
    
    0.000
    
    
    
    123.109
    
    
    
    778.248
    
    
    
    901.357
    
    
    
    809.600
    
    
    
    0.000
    
    
    
    809.600
    
    
    
    10212.692
    
    
    
    156.223
    
    
    
    5235.965TOT 22.7 YR
    
    
    0.000
    
    
    
    1068.040
    
    
    
    3237.089
    
    
    
    4305.128
    
    
    
    10539.117
    
    
    
    326.425
    
    
    
    10212.692
    
    
    
    10212.692
    
    
    
    5235.965
    
    
    
    5235.965




---



##### 



RESERVES AND
ECONOMICSSUMMARY
PROVED DEVELOPED PRODUCINGAS OF JAN 1, 2010Run Date 1/15/2010 22:38
 INTERESTS AND DATE FIRST EFFECTIVE
    
    PRESENT WORTH M$COST
    
    LIQUID
    
    GAS
    
    DATE
    
    
    
    
    5.000
    
    
    
    1511.93610.000
    
    
    
    1236.67715.000
    
    
    
    1046.80120.000
    
    
    
    909.47625.000
    
    
    
    806.230
 WELL COUNT
    
    
    API
    
    
    BASE
    
    
    TRANS.
    
    
    PROD.
    
    
    ADVAL
    
    
    PRICES
    
    
    CF/BBL
    
    
    GROSS
    
    
    RESERVES
    
    
    % GROSSGROSS
    
    
    NET
    
    
    OR BTU
    
    
    PRICE
    
    
    CHARGE
    
    
    TAXES
    
    
    TAXES
    
    
    BEGIN
    
    
    ENDING
    
    
    LIFE WT
    
    
    BL/MMCF
    
    
    CUMULATIVE
    
    
    REMAINING
    
    
    ULTIMATE
    
    
    REMAININGOIL
    
    
    115
    
    
    
    23.07
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    51.12
    
    
    
    51.12
    
    
    
    51.12
    
    
    
    11323
    
    
    
    7771.28
    
    
    
    489.88
    
    
    
    8261.16
    
    
    
    5.93
    % OILGAS
    
    
    34
    
    
    
    3.53
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    3.45
    
    
    
    3.40
    
    
    
    3.53
    
    
    
    88
    
    
    
    87724.46
    
    
    
    6211.51
    
    
    
    93935.97
    
    
    
    6.61
    % GASCOND
    
    
    0
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    51.12
    
    
    
    51.12
    
    
    
    51.12
    
    
    
    0
    
    
    
    362.13
    
    
    
    58.70
    
    
    
    420.83
    
    
    
    13.95
    % COND
 GROSS
    
    
    GROSS OIL +
    
    
    GROSS GAS
    
    
    NET OIL
    
    
    NET GAS
    
    
    EFF OIL &
    
    
    EFFECTIVE
    
    
    OIL + COND
    
    
    GAS
    
    
    TOTALWELL COUNT
    
    
    COND PROD
    
    
    PRODUCTION
    
    
    COND PROD
    
    
    PRODUCTION
    
    
    COND PRICE
    
    
    GAS PRICE
    
    
    SALES
    
    
    SALES
    
    
    SALESYEAR
    
    WELLS/MO
    
    
    MBBLS
    
    
    MMCF
    
    
    MBBLS
    
    
    MMCF
    
    
    $/BBL
    
    
    $/MCF
    
    
    M$
    
    
    M$
    
    
    M$2010
    
    
    109.000
    
    
    
    88.835
    
    
    
    1041.806
    
    
    
    8.012
    
    
    
    13.410
    
    
    
    51.120
    
    
    
    3.483
    
    
    
    409.592
    
    
    
    46.705
    
    
    
    456.2972011
    
    
    106.000
    
    
    
    77.442
    
    
    
    875.906
    
    
    
    7.084
    
    
    
    10.760
    
    
    
    51.120
    
    
    
    3.548
    
    
    
    362.113
    
    
    
    38.180
    
    
    
    400.2922012
    
    
    49.000
    
    
    
    62.254
    
    
    
    750.273
    
    
    
    5.114
    
    
    
    9.604
    
    
    
    51.120
    
    
    
    3.539
    
    
    
    261.403
    
    
    
    33.986
    
    
    
    295.3902013
    
    
    49.000
    
    
    
    55.140
    
    
    
    636.662
    
    
    
    4.694
    
    
    
    8.669
    
    
    
    51.120
    
    
    
    3.538
    
    
    
    239.950
    
    
    
    30.669
    
    
    
    270.6192014
    
    
    48.000
    
    
    
    48.682
    
    
    
    541.232
    
    
    
    4.308
    
    
    
    7.807
    
    
    
    51.120
    
    
    
    3.536
    
    
    
    220.242
    
    
    
    27.607
    
    
    
    247.8492015
    
    
    46.000
    
    
    
    43.080
    
    
    
    469.899
    
    
    
    3.946
    
    
    
    6.826
    
    
    
    51.120
    
    
    
    3.533
    
    
    
    201.745
    
    
    
    24.117
    
    
    
    225.8622016
    
    
    43.000
    
    
    
    27.556
    
    
    
    397.858
    
    
    
    3.505
    
    
    
    5.938
    
    
    
    51.120
    
    
    
    3.518
    
    
    
    179.155
    
    
    
    20.894
    
    
    
    200.0492017
    
    
    41.000
    
    
    
    21.853
    
    
    
    338.852
    
    
    
    3.220
    
    
    
    4.809
    
    
    
    51.120
    
    
    
    3.514
    
    
    
    164.581
    
    
    
    16.900
    
    
    
    181.4812018
    
    
    36.000
    
    
    
    19.594
    
    
    
    292.974
    
    
    
    2.930
    
    
    
    3.814
    
    
    
    51.120
    
    
    
    3.537
    
    
    
    149.777
    
    
    
    13.490
    
    
    
    163.2662019
    
    
    33.000
    
    
    
    17.402
    
    
    
    216.183
    
    
    
    2.630
    
    
    
    3.308
    
    
    
    51.120
    
    
    
    3.519
    
    
    
    134.424
    
    
    
    11.641
    
    
    
    146.0652020
    
    
    31.000
    
    
    
    15.301
    
    
    
    149.276
    
    
    
    2.350
    
    
    
    2.970
    
    
    
    51.120
    
    
    
    3.514
    
    
    
    120.146
    
    
    
    10.437
    
    
    
    130.5842021
    
    
    28.000
    
    
    
    13.550
    
    
    
    119.308
    
    
    
    2.093
    
    
    
    2.644
    
    
    
    51.120
    
    
    
    3.509
    
    
    
    106.996
    
    
    
    9.277
    
    
    
    116.2732022
    
    
    25.000
    
    
    
    11.621
    
    
    
    78.199
    
    
    
    1.820
    
    
    
    1.144
    
    
    
    51.120
    
    
    
    3.626
    
    
    
    93.025
    
    
    
    4.147
    
    
    
    97.1722023
    
    
    20.000
    
    
    
    9.892
    
    
    
    67.916
    
    
    
    1.550
    
    
    
    .746
    
    
    
    51.120
    
    
    
    3.717
    
    
    
    79.218
    
    
    
    2.775
    
    
    
    81.9932024
    
    
    20.000
    
    
    
    8.868
    
    
    
    61.491
    
    
    
    1.385
    
    
    
    .692
    
    
    
    51.120
    
    
    
    3.714
    
    
    
    70.780
    
    
    
    2.569
    
    
    
    73.349SUB TOTAL
    
    
    109.000
    
    
    
    521.070
    
    
    
    6037.835
    
    
    
    54.639
    
    
    
    83.140
    
    
    
    51.120
    
    
    
    3.529
    
    
    
    2793.147
    
    
    
    293.394
    
    
    
    3086.541REMAINDER
    
    
    20.000
    
    
    
    27.511
    
    
    
    173.672
    
    
    
    4.086
    
    
    
    2.477
    
    
    
    51.120
    
    
    
    3.636
    
    
    
    208.893
    
    
    
    9.005
    
    
    
    217.899TOT 22.7 YR
    
    
    109.000
    
    
    
    548.581
    
    
    
    6211.507
    
    
    
    58.725
    
    
    
    85.617
    
    
    
    51.120
    
    
    
    3.532
    
    
    
    3002.040
    
    
    
    302.399
    
    
    
    3304.439
 EFFECTIVE
    
    
    NET TOTAL
    
    
    DIR OPR EXP
    
    
    TOT OPR EXP
    
    
    OPERATING
    
    
    TOT INVEST
    
    
    NET
    
    
    CUM NET
    
    
    NET C.F.
    
    
    CUM C.F.WPT TAX
    
    
    PROD TAXES
    
    
    ADVAL TAX
    
    
    + TAXES
    
    
    REVENUE
    
    
    TANG+INTANG
    
    
    CASHFLOW
    
    
    CASHFLOW
    
    
    DISC @ 10.0
    
    
    DISC @ 10.0YEAR
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$2010
    
    
    0.000
    
    
    
    32.833
    
    
    
    149.500
    
    
    
    182.333
    
    
    
    273.964
    
    
    
    0.000
    
    
    
    273.964
    
    
    
    273.964
    
    
    
    260.682
    
    
    
    260.6822011
    
    
    0.000
    
    
    
    28.798
    
    
    
    136.288
    
    
    
    165.085
    
    
    
    235.207
    
    
    
    0.000
    
    
    
    235.207
    
    
    
    509.171
    
    
    
    203.357
    
    
    
    464.0392012
    
    
    0.000
    
    
    
    21.247
    
    
    
    68.546
    
    
    
    89.793
    
    
    
    205.597
    
    
    
    0.000
    
    
    
    205.597
    
    
    
    714.768
    
    
    
    161.534
    
    
    
    625.5732013
    
    
    0.000
    
    
    
    19.467
    
    
    
    68.510
    
    
    
    87.977
    
    
    
    182.643
    
    
    
    0.000
    
    
    
    182.643
    
    
    
    897.410
    
    
    
    130.478
    
    
    
    756.0512014
    
    
    0.000
    
    
    
    17.842
    
    
    
    68.348
    
    
    
    86.189
    
    
    
    161.660
    
    
    
    0.000
    
    
    
    161.660
    
    
    
    1059.070
    
    
    
    105.058
    
    
    
    861.1092015
    
    
    0.000
    
    
    
    16.258
    
    
    
    66.944
    
    
    
    83.202
    
    
    
    142.660
    
    
    
    0.000
    
    
    
    142.660
    
    
    
    1201.730
    
    
    
    84.291
    
    
    
    945.4002016
    
    
    0.000
    
    
    
    14.394
    
    
    
    59.819
    
    
    
    74.214
    
    
    
    125.835
    
    
    
    0.000
    
    
    
    125.835
    
    
    
    1327.565
    
    
    
    67.556
    
    
    
    1012.9562017
    
    
    0.000
    
    
    
    13.063
    
    
    
    57.669
    
    
    
    70.732
    
    
    
    110.748
    
    
    
    0.000
    
    
    
    110.748
    
    
    
    1438.313
    
    
    
    54.089
    
    
    
    1067.0452018
    
    
    0.000
    
    
    
    11.745
    
    
    
    54.055
    
    
    
    65.800
    
    
    
    97.467
    
    
    
    0.000
    
    
    
    97.467
    
    
    
    1535.780
    
    
    
    43.224
    
    
    
    1110.2692019
    
    
    0.000
    
    
    
    10.508
    
    
    
    50.233
    
    
    
    60.741
    
    
    
    85.325
    
    
    
    0.000
    
    
    
    85.325
    
    
    
    1621.104
    
    
    
    34.403
    
    
    
    1144.6732020
    
    
    0.000
    
    
    
    9.392
    
    
    
    49.292
    
    
    
    58.684
    
    
    
    71.899
    
    
    
    0.000
    
    
    
    71.899
    
    
    
    1693.004
    
    
    
    26.350
    
    
    
    1171.0222021
    
    
    0.000
    
    
    
    8.360
    
    
    
    48.874
    
    
    
    57.234
    
    
    
    59.039
    
    
    
    0.000
    
    
    
    59.039
    
    
    
    1752.042
    
    
    
    19.666
    
    
    
    1190.6882022
    
    
    0.000
    
    
    
    6.991
    
    
    
    42.322
    
    
    
    49.314
    
    
    
    47.858
    
    
    
    0.000
    
    
    
    47.858
    
    
    
    1799.901
    
    
    
    14.508
    
    
    
    1205.1962023
    
    
    0.000
    
    
    
    5.900
    
    
    
    37.422
    
    
    
    43.323
    
    
    
    38.670
    
    
    
    0.000
    
    
    
    38.670
    
    
    
    1838.570
    
    
    
    10.667
    
    
    
    1215.8632024
    
    
    0.000
    
    
    
    5.278
    
    
    
    37.422
    
    
    
    42.700
    
    
    
    30.649
    
    
    
    0.000
    
    
    
    30.649
    
    
    
    1869.219
    
    
    
    7.686
    
    
    
    1223.549SUB TOTAL
    
    
    0.000
    
    
    
    222.077
    
    
    
    995.245
    
    
    
    1217.322
    
    
    
    1869.219
    
    
    
    0.000
    
    
    
    1869.219
    
    
    
    1869.219
    
    
    
    1223.549
    
    
    
    1223.549REMAINDER
    
    
    0.000
    
    
    
    15.682
    
    
    
    136.898
    
    
    
    152.580
    
    
    
    65.319
    
    
    
    0.000
    
    
    
    65.319
    
    
    
    1934.538
    
    
    
    13.128
    
    
    
    1236.677TOT 22.7 YR
    
    
    0.000
    
    
    
    237.759
    
    
    
    1132.143
    
    
    
    1369.901
    
    
    
    1934.538
    
    
    
    0.000
    
    
    
    1934.538
    
    
    
    1934.538
    
    
    
    1236.677
    
    
    
    1236.677




---



##### 



RESERVES  AND ECONOMICSSUMMARY
BEHIND-PIPEAS OF JAN 1, 2010Run Date 1/15/2010 22:41
 INTERESTS AND DATE FIRST EFFECTIVE
    
    
    PRESENT WORTH M$COST
    
    LIQUID
    
    GAS
    
    DATE
    
    
    
    
    5.000
    
    
    
    4533.39810.000
    
    
    
    3281.45815.000
    
    
    
    2467.60520.000
    
    
    
    1914.06825.000
    
    
    
    1523.101
 WELL COUNT
    
    
    API
    
    
    BASE
    
    
    TRANS.
    
    
    PROD.
    
    
    ADVAL
    
    
    PRICES
    
    
    CF/BBL
    
    
    GROSS
    
    
    RESERVES
    
    
    % GROSSGROSS
    
    
    NET
    
    
    OR BTU
    
    
    PRICE
    
    
    CHARGE
    
    
    TAXES
    
    
    TAXES
    
    
    BEGIN
    
    
    ENDING
    
    
    LIFE WT
    
    
    BL/MMCF
    
    
    CUMULATIVE
    
    
    REMAINING
    
    
    ULTIMATE
    
    
    REMAININGOIL
    
    
    63
    
    
    
    15.75
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0.00
    
    
    
    51.12
    
    
    
    51.12
    
    
    
    2988
    
    
    
    0.00
    
    
    
    784.88
    
    
    
    784.88
    
    
    100.00
    % OILGAS
    
    
    22
    
    
    
    5.50
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0.00
    
    
    
    1.50
    
    
    
    1.47
    
    
    
    335
    
    
    
    0.00
    
    
    
    2345.38
    
    
    
    2345.38
    
    
    100.00
    % GASCOND
    
    
    0
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    0.00
    % COND
 GROSS
    
    
    GROSS OIL +
    
    
    GROSS GAS
    
    
    NET OIL
    
    
    NET GAS
    
    
    EFF OIL &
    
    
    EFFECTIVE
    
    
    OIL + COND
    
    
    GAS
    
    
    TOTALWELL COUNT
    
    
    COND PROD
    
    
    PRODUCTION
    
    
    COND PROD
    
    
    PRODUCTION
    
    
    COND PRICE
    
    
    GAS PRICE
    
    
    SALES
    
    
    SALES
    
    
    SALESYEAR
    
    WELLS/MO
    
    
    MBBLS
    
    
    MMCF
    
    
    MBBLS
    
    
    MMCF
    
    
    $/BBL
    
    
    $/MCF
    
    
    M$
    
    
    M$
    
    
    M$2010
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.0002011
    
    
    16.000
    
    
    
    13.415
    
    
    
    223.361
    
    
    
    2.683
    
    
    
    46.175
    
    
    
    51.120
    
    
    
    2.135
    
    
    
    137.155
    
    
    
    98.569
    
    
    
    235.7242012
    
    
    36.000
    
    
    
    31.020
    
    
    
    848.108
    
    
    
    6.456
    
    
    
    183.090
    
    
    
    51.120
    
    
    
    1.422
    
    
    
    330.031
    
    
    
    260.371
    
    
    
    590.4022013
    
    
    52.000
    
    
    
    49.572
    
    
    
    800.044
    
    
    
    10.502
    
    
    
    173.274
    
    
    
    51.120
    
    
    
    1.341
    
    
    
    536.862
    
    
    
    232.322
    
    
    
    769.1852014
    
    
    54.000
    
    
    
    61.855
    
    
    
    268.694
    
    
    
    13.198
    
    
    
    57.889
    
    
    
    51.120
    
    
    
    1.370
    
    
    
    674.682
    
    
    
    79.323
    
    
    
    754.0052015
    
    
    63.000
    
    
    
    73.164
    
    
    
    124.839
    
    
    
    15.688
    
    
    
    26.711
    
    
    
    51.120
    
    
    
    1.433
    
    
    
    801.971
    
    
    
    38.272
    
    
    
    840.2432016
    
    
    56.000
    
    
    
    82.091
    
    
    
    33.656
    
    
    
    17.656
    
    
    
    6.957
    
    
    
    51.120
    
    
    
    1.761
    
    
    
    902.575
    
    
    
    12.254
    
    
    
    914.8292017
    
    
    56.000
    
    
    
    75.413
    
    
    
    26.631
    
    
    
    16.250
    
    
    
    5.502
    
    
    
    51.120
    
    
    
    1.797
    
    
    
    830.700
    
    
    
    9.885
    
    
    
    840.5852018
    
    
    54.000
    
    
    
    65.224
    
    
    
    9.134
    
    
    
    14.053
    
    
    
    1.908
    
    
    
    51.120
    
    
    
    2.146
    
    
    
    718.389
    
    
    
    4.094
    
    
    
    722.4842019
    
    
    53.000
    
    
    
    56.644
    
    
    
    4.468
    
    
    
    12.200
    
    
    
    .933
    
    
    
    51.120
    
    
    
    2.840
    
    
    
    623.664
    
    
    
    2.650
    
    
    
    626.3142020
    
    
    53.000
    
    
    
    49.206
    
    
    
    3.994
    
    
    
    10.593
    
    
    
    .834
    
    
    
    51.120
    
    
    
    2.840
    
    
    
    541.514
    
    
    
    2.369
    
    
    
    643.8832021
    
    
    53.000
    
    
    
    41.948
    
    
    
    2.446
    
    
    
    9.030
    
    
    
    .511
    
    
    
    51.120
    
    
    
    2.840
    
    
    
    461.614
    
    
    
    1.451
    
    
    
    463.0652022
    
    
    50.000
    
    
    
    34.900
    
    
    
    0.000
    
    
    
    7.520
    
    
    
    0.000
    
    
    
    51.120
    
    
    
    0.000
    
    
    
    384.422
    
    
    
    0.000
    
    
    
    384.4222023
    
    
    50.000
    
    
    
    30.279
    
    
    
    0.000
    
    
    
    6.520
    
    
    
    0.000
    
    
    
    51.120
    
    
    
    0.000
    
    
    
    333.302
    
    
    
    0.000
    
    
    
    333.3022024
    
    
    50.000
    
    
    
    24.937
    
    
    
    0.000
    
    
    
    5.407
    
    
    
    0.000
    
    
    
    51.120
    
    
    
    0.000
    
    
    
    276.406
    
    
    
    0.000
    
    
    
    276.406SUB TOTAL
    
    
    63.000
    
    
    
    689.668
    
    
    
    2345.375
    
    
    
    147.756
    
    
    
    503.784
    
    
    
    51.120
    
    
    
    1.472
    
    
    
    7553.287
    
    
    
    741.560
    
    
    
    8294.847REMAINDER
    
    
    48.000
    
    
    
    95.217
    
    
    
    0.000
    
    
    
    20.718
    
    
    
    0.000
    
    
    
    51.120
    
    
    
    0.000
    
    
    
    1059.104
    
    
    
    0.000
    
    
    
    1059.104TOT 21.9 YR
    
    
    63.000
    
    
    
    784.885
    
    
    
    2345.375
    
    
    
    168.474
    
    
    
    503.784
    
    
    
    51.120
    
    
    
    1.472
    
    
    
    8612.391
    
    
    
    741.560
    
    
    
    9353.951
 EFFECTIVE
    
    
    NET TOTAL
    
    
    DIR OPR EXP
    
    
    TOT OPR EXP
    
    
    OPERATING
    
    
    TOT INVEST
    
    
    NET
    
    
    CUM NET
    
    
    NET C.F.
    
    
    CUM C.F.WPT TAX
    
    
    PROD TAXES
    
    
    ADVAL TAX
    
    
    + TAXES
    
    
    REVENUE
    
    
    TANG+INTANG
    
    
    CASHFLOW
    
    
    CASHFLOW
    
    
    DISC @ 10.0
    
    
    DISC @ 10.0YEAR
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$2010
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.0002011
    
    
    0.000
    
    
    
    16.942
    
    
    
    27.996
    
    
    
    44.938
    
    
    
    190.786
    
    
    
    64.625
    
    
    
    126.161
    
    
    
    126.161
    
    
    
    106.104
    
    
    
    106.1042012
    
    
    0.000
    
    
    
    42.479
    
    
    
    58.125
    
    
    
    100.604
    
    
    
    489.798
    
    
    
    66.000
    
    
    
    423.798
    
    
    
    549.959
    
    
    
    331.172
    
    
    
    437.2762013
    
    
    0.000
    
    
    
    55.349
    
    
    
    78.000
    
    
    
    133.349
    
    
    
    635.836
    
    
    
    62.700
    
    
    
    573.136
    
    
    
    1123.095
    
    
    
    408.795
    
    
    
    846.0722014
    
    
    0.000
    
    
    
    54.249
    
    
    
    90.750
    
    
    
    144.999
    
    
    
    609.006
    
    
    
    26.400
    
    
    
    582.606
    
    
    
    1705.700
    
    
    
    377.602
    
    
    
    1223.6742015
    
    
    0.000
    
    
    
    60.453
    
    
    
    101.700
    
    
    
    162.153
    
    
    
    678.090
    
    
    
    29.700
    
    
    
    648.390
    
    
    
    2354.090
    
    
    
    381.794
    
    
    
    1605.4682016
    
    
    0.000
    
    
    
    65.820
    
    
    
    101.400
    
    
    
    167.220
    
    
    
    747.609
    
    
    
    26.400
    
    
    
    721.209
    
    
    
    3075.298
    
    
    
    386.579
    
    
    
    1992.0472017
    
    
    0.000
    
    
    
    60.481
    
    
    
    107.200
    
    
    
    167.681
    
    
    
    672.904
    
    
    
    0.000
    
    
    
    672.904
    
    
    
    3748.202
    
    
    
    328.534
    
    
    
    2320.5812018
    
    
    0.000
    
    
    
    51.983
    
    
    
    103.350
    
    
    
    155.333
    
    
    
    567.151
    
    
    
    0.000
    
    
    
    567.151
    
    
    
    4315.353
    
    
    
    251.706
    
    
    
    2572.2872019
    
    
    0.000
    
    
    
    45.061
    
    
    
    102.600
    
    
    
    147.661
    
    
    
    478.653
    
    
    
    0.000
    
    
    
    478.653
    
    
    
    4794.006
    
    
    
    193.103
    
    
    
    2765.3902020
    
    
    0.000
    
    
    
    39.133
    
    
    
    102.600
    
    
    
    141.733
    
    
    
    402.150
    
    
    
    0.000
    
    
    
    402.150
    
    
    
    5196.155
    
    
    
    147.503
    
    
    
    2912.8932021
    
    
    0.000
    
    
    
    33.322
    
    
    
    100.350
    
    
    
    133.672
    
    
    
    329.393
    
    
    
    0.000
    
    
    
    329.393
    
    
    
    5525.548
    
    
    
    109.931
    
    
    
    3022.8242022
    
    
    0.000
    
    
    
    27.657
    
    
    
    95.850
    
    
    
    123.507
    
    
    
    260.915
    
    
    
    0.000
    
    
    
    260.915
    
    
    
    5786.464
    
    
    
    79.096
    
    
    
    3101.9212023
    
    
    0.000
    
    
    
    23.983
    
    
    
    95.850
    
    
    
    119.833
    
    
    
    213.469
    
    
    
    0.000
    
    
    
    213.469
    
    
    
    5999.933
    
    
    
    58.846
    
    
    
    3160.7672024
    
    
    0.000
    
    
    
    19.886
    
    
    
    93.975
    
    
    
    113.861
    
    
    
    162.545
    
    
    
    0.000
    
    
    
    162.545
    
    
    
    6162.478
    
    
    
    40.752
    
    
    
    3201.518SUB TOTAL
    
    
    0.000
    
    
    
    596.798
    
    
    
    1259.746
    
    
    
    1856.544
    
    
    
    6438.303
    
    
    
    275.825
    
    
    
    6162.478
    
    
    
    6162.478
    
    
    
    3201.518
    
    
    
    3201.518REMAINDER
    
    
    0.000
    
    
    
    76.202
    
    
    
    578.175
    
    
    
    654.377
    
    
    
    404.727
    
    
    
    0.000
    
    
    
    404.727
    
    
    
    6567.205
    
    
    
    79.940
    
    
    
    3281.458TOT 21.9 YR
    
    
    0.000
    
    
    
    673.000
    
    
    
    1837.921
    
    
    
    2510.921
    
    
    
    6843.030
    
    
    
    275.825
    
    
    
    6567.205
    
    
    
    6567.205
    
    
    
    3281.458
    
    
    
    3281.458
  6




---



##### 



RESERVES AND ECONOMICSSUMMARY
PROVED UNDEVELOPEDAS OF JAN 1, 2010Run Date 1/15/2010 22:41
 INTERESTS AND DATE FIRST EFFECTIVE
    
    PRESENT WORTH M$COST
    
    LIQUID
    
    GAS
    
    DATE
    
    
    
    
    5.000
    
    
    
    1069.97610.000
    
    
    
    717.83015.000
    
    
    
    509.24420.000
    
    
    
    377.57525.000
    
    
    
    289.935
 WELL COUNT
    
    
    API
    
    
    BASE
    
    
    TRANS.
    
    
    PROD.
    
    
    ADVAL
    
    
    PRICES
    
    
    CF/BBL
    
    
    GROSS
    
    
    RESERVES
    
    
    % GROSSGROSS
    
    
    NET
    
    
    OR BTU
    
    
    PRICE
    
    
    CHARGE
    
    
    TAXES
    
    
    TAXES
    
    
    BEGIN
    
    
    ENDING
    
    
    LIFE WT
    
    
    BL/MMCF
    
    
    CUMULATIVE
    
    
    REMAINING
    
    
    ULTIMATE
    
    
    REMAININGOIL
    
    
    10
    
    
    
    2.50
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0.00
    
    
    
    51.12
    
    
    
    51.12
    
    
    
    535
    
    
    
    0.00
    
    
    
    201.98
    
    
    
    201.98
    
    
    
    100.00
    % OILGAS
    
    
    0
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0.00
    
    
    
    1.28
    
    
    
    1.28
    
    
    
    1870
    
    
    
    0.00
    
    
    
    108.00
    
    
    
    108.00
    
    
    
    100.00
    % GASCOND
    
    
    0
    
    
    
    0.00
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    
    
    
    0.00
    % COND
 GROSS
    
    
    GROSS OIL +
    
    
    GROSS GAS
    
    
    NET OIL
    
    
    NET GAS
    
    
    EFF OIL &
    
    
    EFFECTIVE
    
    
    OIL + COND
    
    
    GAS
    
    
    TOTALWELL COUNT
    
    
    COND PROD
    
    
    PRODUCTION
    
    
    COND PROD
    
    
    PRODUCTION
    
    
    COND PRICE
    
    
    GAS PRICE
    
    
    SALES
    
    
    SALES
    
    
    SALESYEAR
    
    WELLS/MO
    
    
    MBBLS
    
    
    MMCF
    
    
    MBBLS
    
    
    MMCF
    
    
    $/BBL
    
    
    $/MCF
    
    
    M$
    
    
    M$
    
    
    M$2010
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.0002011
    
    
    10.000
    
    
    
    5.523
    
    
    
    4.263
    
    
    
    1.152
    
    
    
    .892
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    58.890
    
    
    
    1.142
    
    
    
    60.0322012
    
    
    10.000
    
    
    
    10.743
    
    
    
    8.208
    
    
    
    2.244
    
    
    
    1.716
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    114.713
    
    
    
    2.196
    
    
    
    116.9102013
    
    
    10.000
    
    
    
    10.902
    
    
    
    7.797
    
    
    
    2.278
    
    
    
    1.630
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    116.451
    
    
    
    2.086
    
    
    
    118.5382014
    
    
    10.000
    
    
    
    11.386
    
    
    
    7.407
    
    
    
    2.379
    
    
    
    1.548
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    121.614
    
    
    
    1.981
    
    
    
    123.5962015
    
    
    10.000
    
    
    
    12.545
    
    
    
    7.036
    
    
    
    2.621
    
    
    
    1.471
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    133.986
    
    
    
    1.883
    
    
    
    135.8682016
    
    
    10.000
    
    
    
    14.870
    
    
    
    6.684
    
    
    
    3.106
    
    
    
    1.397
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    158.779
    
    
    
    1.788
    
    
    
    160.5672017
    
    
    10.000
    
    
    
    15.485
    
    
    
    6.349
    
    
    
    3.235
    
    
    
    1.327
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    165.373
    
    
    
    1.699
    
    
    
    167.0722018
    
    
    10.000
    
    
    
    14.310
    
    
    
    6.032
    
    
    
    2.990
    
    
    
    1.261
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    152.849
    
    
    
    1.614
    
    
    
    154.4632019
    
    
    10.000
    
    
    
    13.237
    
    
    
    5.730
    
    
    
    2.765
    
    
    
    1.198
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    141.347
    
    
    
    1.533
    
    
    
    142.8802020
    
    
    10.000
    
    
    
    12.253
    
    
    
    5.443
    
    
    
    2.559
    
    
    
    1.138
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    130.816
    
    
    
    1.457
    
    
    
    132.2732021
    
    
    10.000
    
    
    
    11.351
    
    
    
    5.170
    
    
    
    2.371
    
    
    
    1.081
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    121.206
    
    
    
    1.384
    
    
    
    122.5892022
    
    
    10.000
    
    
    
    10.522
    
    
    
    4.911
    
    
    
    2.198
    
    
    
    1.027
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    112.362
    
    
    
    1.315
    
    
    
    113.6762023
    
    
    10.000
    
    
    
    9.761
    
    
    
    4.666
    
    
    
    2.039
    
    
    
    .975
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    104.234
    
    
    
    1.248
    
    
    
    105.4822024
    
    
    10.000
    
    
    
    9.061
    
    
    
    4.432
    
    
    
    1.893
    
    
    
    .926
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    96.770
    
    
    
    1.185
    
    
    
    97.955SUB TOTAL
    
    
    10.000
    
    
    
    161.949
    
    
    
    84.128
    
    
    
    33.830
    
    
    
    17.587
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    1729.390
    
    
    
    22.511
    
    
    
    1751.901REMAINDER
    
    
    10.000
    
    
    
    40.036
    
    
    
    23.869
    
    
    
    8.364
    
    
    
    4.989
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    427.568
    
    
    
    6.386
    
    
    
    433.954TOT 21.5 YR
    
    
    10.000
    
    
    
    201.985
    
    
    
    107.997
    
    
    
    42.194
    
    
    
    22.576
    
    
    
    51.120
    
    
    
    1.280
    
    
    
    2156.957
    
    
    
    28.897
    
    
    
    2185.855
 EFFECTIVE
    
    
    NET TOTAL
    
    
    DIR OPR EXP
    
    
    TOT OPR EXP
    
    
    OPERATING
    
    
    TOT INVEST
    
    
    NET
    
    
    CUM NET
    
    
    NET C.F.
    
    
    CUM C.F.WPT TAX
    
    
    PROD TAXES
    
    
    ADVAL TAX
    
    
    + TAXES
    
    
    REVENUE
    
    
    TANG+INTANG
    
    
    CASHFLOW
    
    
    CASHFLOW
    
    
    DISC @ 10.0
    
    
    DISC @ 10.0YEAR
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$
    
    
    M$2010
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.000
    
    
    
    0.0002011
    
    
    0.000
    
    
    
    4.329
    
    
    
    4.950
    
    
    
    9.279
    
    
    
    50.753
    
    
    
    50.600
    
    
    
    .153
    
    
    
    .153
    
    
    
    -.637
    
    
    
    -.6372012
    
    
    0.000
    
    
    
    8.413
    
    
    
    15.300
    
    
    
    23.713
    
    
    
    93.197
    
    
    
    0.000
    
    
    
    93.197
    
    
    
    93.350
    
    
    
    73.178
    
    
    
    72.5412013
    
    
    0.000
    
    
    
    8.527
    
    
    
    15.300
    
    
    
    23.827
    
    
    
    94.711
    
    
    
    0.000
    
    
    
    94.711
    
    
    
    188.061
    
    
    
    67.527
    
    
    
    140.0682014
    
    
    0.000
    
    
    
    8.891
    
    
    
    15.300
    
    
    
    24.191
    
    
    
    99.405
    
    
    
    0.000
    
    
    
    99.405
    
    
    
    287.465
    
    
    
    64.433
    
    
    
    204.5012015
    
    
    0.000
    
    
    
    9.774
    
    
    
    15.300
    
    
    
    25.074
    
    
    
    110.794
    
    
    
    0.000
    
    
    
    110.794
    
    
    
    398.260
    
    
    
    65.206
    
    
    
    269.7062016
    
    
    0.000
    
    
    
    11.555
    
    
    
    15.300
    
    
    
    26.855
    
    
    
    133.712
    
    
    
    0.000
    
    
    
    133.712
    
    
    
    531.972
    
    
    
    71.527
    
    
    
    341.2332017
    
    
    0.000
    
    
    
    12.021
    
    
    
    15.300
    
    
    
    27.321
    
    
    
    139.751
    
    
    
    0.000
    
    
    
    139.751
    
    
    
    671.722
    
    
    
    68.173
    
    
    
    409.4062018
    
    
    0.000
    
    
    
    11.111
    
    
    
    15.300
    
    
    
    26.411
    
    
    
    128.052
    
    
    
    0.000
    
    
    
    128.052
    
    
    
    799.774
    
    
    
    56.778
    
    
    
    466.1832019
    
    
    0.000
    
    
    
    10.280
    
    
    
    15.300
    
    
    
    25.580
    
    
    
    117.300
    
    
    
    0.000
    
    
    
    117.300
    
    
    
    917.075
    
    
    
    47.293
    
    
    
    513.4762020
    
    
    0.000
    
    
    
    9.518
    
    
    
    15.300
    
    
    
    24.818
    
    
    
    107.455
    
    
    
    0.000
    
    
    
    107.455
    
    
    
    1024.529
    
    
    
    39.393
    
    
    
    552.8692021
    
    
    0.000
    
    
    
    8.821
    
    
    
    15.300
    
    
    
    24.121
    
    
    
    98.468
    
    
    
    0.000
    
    
    
    98.468
    
    
    
    1122.998
    
    
    
    32.811
    
    
    
    585.6802022
    
    
    0.000
    
    
    
    8.179
    
    
    
    15.300
    
    
    
    23.479
    
    
    
    90.197
    
    
    
    0.000
    
    
    
    90.197
    
    
    
    1213.195
    
    
    
    27.323
    
    
    
    613.0032023
    
    
    0.000
    
    
    
    7.590
    
    
    
    15.300
    
    
    
    22.890
    
    
    
    82.592
    
    
    
    0.000
    
    
    
    82.592
    
    
    
    1295.787
    
    
    
    22.746
    
    
    
    635.7482024
    
    
    0.000
    
    
    
    7.047
    
    
    
    15.300
    
    
    
    22.347
    
    
    
    75.608
    
    
    
    0.000
    
    
    
    75.608
    
    
    
    1371.395
    
    
    
    18.927
    
    
    
    654.675SUB TOTAL
    
    
    0.000
    
    
    
    126.056
    
    
    
    203.850
    
    
    
    329.906
    
    
    
    1421.995
    
    
    
    50.600
    
    
    
    1371.395
    
    
    
    1371.395
    
    
    
    654.675
    
    
    
    654.675REMAINDER
    
    
    0.000
    
    
    
    31.225
    
    
    
    63.175
    
    
    
    94.400
    
    
    
    339.554
    
    
    
    0.000
    
    
    
    339.554
    
    
    
    1710.949
    
    
    
    63.154
    
    
    
    717.830TOT 21.5 YR
    
    
    0.000
    
    
    
    157.281
    
    
    
    267.025
    
    
    
    424.306
    
    
    
    1761.549
    
    
    
    50.600
    
    
    
    1710.949
    
    
    
    1710.949
    
    
    
    717.830
    
    
    
    717.830
  7




---



##### 



Submitted,/s/ Fletcher Lewis Engineering, Inc.Fletcher Lewis Engineering, IncOklahoma Registered Engineering Firm CA-804
Texas Registration ID #47928

Oklahoma Registration ID # 11663/s/ Fletcher Lewis, P.E.Fletcher Lewis, P.E.President
Fletcher Lewis Engineering, Inc. 
 CERTIFICATE of QUALIFICATION
  1.
    
    That I am President with Fletcher Lewis Engineering, Inc., which company did prepare the
letter report addressed to FieldPoint dated March 1, 2010, and that I, as President, was
responsible for the preparation of this report.2.
    
    That I attended Oklahoma University, and that I graduated with a Master of Science degree
in Petroleum Engineering in the year 1978; that I am a Registered Professional Engineer in
the State of Texas and Oklahoma; that I am a member of the Society of Petroleum Engineers and
the American Association of Petroleum Geologists; and that I have in excess of 35 years of
experience in the oil and gas reservoir studies and reserves evaluations.
 /s/ Fletcher Lewis, P.E.Fletcher Lewis, P.E.President
Fletcher Lewis Engineering, Inc.