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| \s\ Edward J. Gibbon   |
|------------------------|
| Edward J. Gibbon, P.E. |
| TBPE License No. 52750 |
| Senior Vice President  |
|                   |

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| As of December 31, 2009 |
|-------------------------|

|                                       |   | Proved                         |
|--------------------------------------------|--------|--------------------------------|
|                                       |   | Developed                      |   |   |   | Total |
|                                       |   | Producing                      |   | Non-Producing |   | Undeveloped |   | Proved |
| Net Remaining Reserves                     |   |                           |   |   |   |   |   |   |
|   Oil/Condensate – Barrels |   | 4,842,368                      |   | 8,641,673 |   | 2,035,162 |   | 15,519,203 |
|   Gas – MMCF               |   | 47,970                         |   | 87,180 |   | 43,673 |   | 178,823 |
|                                       |   |                           |   |   |   |   |   |   |
| Income Data                                |   |                           |   |   |   |   |   |   |
|   Future Gross Revenue           |   | $  482,131,205  |   | $868,400,318 |   | $291,458,363 |   | $1,641,989,886 |
|   Deductions                     |   | 582,638,536                    |   |   387,745,824 |   |   186,280,925 |   |   1,156,665,285 |
|   Future Net Income (FNI)        |   | $(100,507,331)                 |   | $480,654,494 |   | $105,177,438 |   | $   485,324,601 |
|                                       |   |                           |   |   |   |   |   |   |
|   Discounted FNI @ 10%           |   | $  (47,155,917)      |   | $335,560,460 |   | $61,451,943 |   | $   349,856,486 |

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|          |   | Discounted Future Net Income |
|---------------|--------|------------------------------|
|          |   | As of December 31, 2009      |
| Discount Rate |   | Total                        |   |
| Percent       |   | Proved                       |   |
|          |   |                         |   |
|   8 |   | $371,554,700                 |   |
| 15            |   | $303,866,700                 |   |
| 20            |   | $267,213,300                 |   |
| 25            |   | $237,680,300                 |   |

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| (1)   | completion intervals which are open at the time of the estimate but which have not yet started producing; |
|-----------------|-----------------------------------------------------------------------------------------------------------|

| (2)   | wells which were shut-in for market conditions or pipeline connections; or |
|-----------------|----------------------------------------------------------------------------|

| (3)   | wells not capable of production for mechanical reasons. |
|-----------------|---------------------------------------------------------|

| (i)   | Reserves on undrilled acreage shall be limited to those directly offsetting development spacing areas that are reasonably certain of production when drilled, unless evidence using reliable technology exists that establishes reasonable certainty of economic producibility at greater distances. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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