| ·   | Dill      East Field and Lukassen 14-34 well, Kimball County,    Nebraska |
|--------------------|---------------------------------------------------------------------------|

| ·   | Pieper      #3-29 well, Washington County,Colorado |
|--------------------|----------------------------------------------------|

| ·   | Omega      Prospect, Banner County, Nebraska |
|--------------------|----------------------------------------------|

| ·   | Comanche      Farms Prospect, Arapahoe County,Colorado |
|--------------------|--------------------------------------------------------|

| (i)   | an      undivided eighty-seven and one-half percent (87.50%) working interest and      a seventy percent (70.00%) net revenue interest in, to and under the Wilke      Dill East Field) Leases, covering the Land located in Kimball County,      Nebraska, described in Exhibit Ahereto; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (ii)   | an      undivided one hundred percent (100.00%) working interest and eighty      percent (80.00%) net revenue interest in, to and under the Lukassen      Leases, covering the Land located in Kimball County, Nebraska, described      in Exhibit A hereto; |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iii)   |  an      undivided one hundred percent (100.00%) working interest and an eighty      percent (80.00%) net revenue interest in, to and under the Pieper Lease,      covering the Land located in Washington County, Colorado, described in      Exhibit A hereto; |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iv)   |  a      fifty percent (50.00%) working interest and a forty percent (40.00%) net      revenue interest in, to and under the Omega Prospect Leases, covering the      Land located in Banner County, Nebraska, described in Exhibit A hereto;      and |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (v)   |  a      fifty percent (50.00%) working interest and a forty percent (40.00%) net      revenue interest in, to and under the Comanche Farms Prospect Leases,      covering the Land located in Arapahoe County, Colorado, described in      Exhibit A hereto. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| If      to Seller:Edward      Mike Davis, LLC****************************Attention:  Edward      Mike DavisFax:  **********E-Mail:  **********                     |                                                                                                                                                                      |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| If      to Buyer         Recovery      Energy, Inc.****************************Attention:      Jeffrey Beunier, PresidentFax:  **********E-Mail:  **********  |         With a copy to:Jeff      KnetschBrownstein      Hyatt Farber Schreck, LLP**************************Fax:      *************E-Mail:      **********  |

----

| SELLER: Edward      Mike Davis, L.L.C. By:  /s/ Edward Mike      Davis               Edward      Mike Davis, Manager | BUYER: Recovery      Energy, Inc. By:  /s/ Jeffrey      Beunier                                 Jeffrey      Beunier, President |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Lessor:                                                                                             | Gary      L. Schneider, Individually and as heir of Maxine Schneider,      deceased |
|-----------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------|
| Lessee:                                                                                             | Edward      Mike Davis, L.L.C.                                                      |
| Dated:                                                                                              | May      20, 2008                                                                   |
| Recorded:                                                                                           | Book      206 OG, Page 44 in Kimball County, Nebraska                               |
| Description:                                                                                        | Township 15 North, Range 56      West                                               |
|                                                                                                | Section      5:  S/2                                                      |
|                                                                                                |                                                                                |
| Lessor:                                                                                             | Peggy      Atkins and Howard Atkins, wife and husband                               |
| Lessee:                                                                                             | Edward      Mike Davis, L.L.C.                                                      |
| Dated:                                                                                              | May      20, 2008                                                                   |
| Recorded:                                                                                           | Book      206 OG, Page 48 in Kimball County, Nebraska                               |
| Description:                                                                                        | Township 15 North, Range 56      West                                               |
|                                                                                                | Section      5:  S/2                                                      |
|                                                                                                |                                                                                |
| Lessor:                                                                                             | Galeen      B. Hergenrader and Kenneth Hergenrader, wife andhusband                 |
| Lessee:                                                                                             | Edward      Mike Davis, L.L.C.                                                      |
| Dated:                                                                                              | May      16, 2008                                                                   |
| Recorded:                                                                                           | Book      206 OG, Page 52 in Kimball County, Nebraska                               |
| Description:                                                                                        | Township 15 North, Range 56      West                                               |
|                                                                                                | Section      5:  S/2                                                      |
|                                                                                                |                                                                                |
| Lessor:                                                                                             | Paula      Wilke, a/k/a Paula J. Wilke and Erwin Wilke, Jr., wife and      husband  |
| Lessee:                                                                                             | Edward      Mike Davis, L.L.C.                                                      |
| Dated:                                                                                              | June      26, 2008                                                                  |
| Recorded:                                                                                           | Book      206 OG, Page 132 in Kimball County, Nebraska                              |
| Description:                                                                                        | Township 15 North, Range 56      West                                               |
|                                                                                                | Section      5:  S/2                                                      |
| Amendment      of Oil and Gas Dated:July      9, 2008                                               |
| Recorded:                                                                                           | Book      206 OG, Page 221 in Kimball County, Nebraska                              |
| Description:                                                                                        | Township 15 North, Range 56      West                                               |
|                                                                                                | Section      5:  S/2                                                      |
|                                                                                                |                                                                                |
| WILKE (DILL EAST FIELD)    WELLS                                                                    |
|                                                                                                |                                                                                |
| Well      Name:                                                                                     | Wilke      24-5                                                                     |
| Located:                                                                                            | SE/4SW/4      of Section 5, T15N-R56W, Kimball County, NE                           |
| API:  26105226270000                                                                      | Working      Interest:  87.50%                                            | Net      Revenue Interest: 70.00% |
| Equipment      and Inventory:  consisting of a pumping unit, rods, tubing and      casing |
|                                                                                                |                                                                                |

----

| Well      Name:                                                                                     | Wilke      23-5                                                          |
|-----------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------|
| Located:                                                                                            | NE/4SW/4      of Section 5, T15N-R56W, Kimball County, NE                |
| API:  26105226250000                                                                      |
| Equipment      and Inventory:  consisting of a pumping unit, rods, tubing and      casing |
|                                                                                                |                                                                     |
| Well      Name:                                                                                     | Wilke      34-5                                                          |
| Located:                                                                                            | SW/4SE/4      of Section 5, T15N-R56W, Kimball County, NE                |
| API:  26105226290000                                                                      | Working      Interest:  87.50%                                 | Net      Revenue Interest: 70.00% |
| Equipment      and Inventory:  consisting of a pumping unit, rods, tubing and      casing |
|                                                                                                |                                                                     |
| Well      Name:                                                                                     | Wilke      33-5                                                          |   |
| Located:                                                                                            | NW/4SE/4      of Section 5, T15N-R56W, Kimball County, NE                |
| API:  26105226280000                                                                      | Working      Interest:  87.50%                                 | Net      Revenue Interest: 70.00% |
| Equipment      and Inventory:  consisting of a pumping unit, rods, tubing and      casing |
|                                                                                                |                                                                     |
| Well      Name:                                                                                     | Wilke      44-5                                                          |   |
| Located:                                                                                            | SE/4SE/4      of Section 5, T15N-R56W, Kimball County, NE                |
| API:  26105226320000                                                                      | Working      Interest:  87.50%                                 | Net      Revenue Interest: 70.00% |
| Equipment      and Inventory:  consisting of a pumping unit, rods, tubing and      casing |
|                                                                                                |                                                                     |
| Well      Name:                                                                                     | Wilke      14-5                                                          |   |
| Located:                                                                                            | SW/4SW/4      of Section 5, T15N-R56W, Kimball County, NE                |
| API:  26105226520000                                                                      | Working      Interest:  87.50%                                 | Net      Revenue Interest: 70.00% |
| Equipment      and Inventory:  consisting of a pumping unit, rods, tubing and      casing |
|                                                                                                |                                                                     |
| Wilke      Tank Battery consisting of 8 400 bbl tanks and an 8 foot      treater.                   |
|                                                                                                |                                                                     |   |
| LUKASSEN LEASES and  LANDS:                                                                         |
|                                                                                                |                                                                     |
| Lessor:                                                                                             | Antelope      Energy Company, LLC, a Colorado limited liability  company |
| Lessee:                                                                                             | Edward      Mike Davis, L.L.C.                                           |
| Dated:                                                                                              | 4-Aug-08                                                                 |
| Recorded:                                                                                           | Book      206 OG, Page 647 in Kimball County, Nebraska                   |
| Covering:                                                                                           | INSOFAR      AND ONLY INSOFAR AS THE LEASE COVERS:                       |
|                                                                                                | TOWNSHIP 16 NORTH, RANGE 56 WEST, 6th P.M.                               |
|                                                                                                | Section      34:  S/2SW/4SW/4                                  |
|                                                                                                |                                                                     |
| Lessor:                                                                                             | Marian      J. Payne, a single woman                                     |
| Lessee:                                                                                             | Edward      Mike Davis, L.L.C.                                           |
| Dated:                                                                                              | 25-Jul-08                                                                |   |
| Recorded:                                                                                           | Book      206 OG, Page 487 in Kimball County, Nebraska                   |
| Correction      of Description      Recorded:Book      207, Page 354 in Kimball County, Nebraska    |
| Covering:                                                                                           | INSOFAR      AND ONLY INSOFAR AS THE LEASE COVERS:                       |
|                                                                                                | TOWNSHIP      15 NORTH, RANGE 56 WEST, 6th P.M.                     |
|                                                                                                | Section      3:  N/2 of Lot 4, also described as  N/2NW/4NW/4  |
|                                                                                                |                                                                     |   |

----

| Lessor:                                                                                          | Judith      Ann Mays, a married woman dealing in her sole and separate      property                            |
|--------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|
| Lessee:                                                                                          | Edward      Mike Davis, L.L.C.                                                                                  |
| Dated:                                                                                           | July  25,      2008                                                                                   |
| Recorded:                                                                                        | Book      207 OG, Page 16 in Kimball County, Nebraska                                                           |
| Correction      of Description      Recorded:Book      207, Page 356 in Kimball County, Nebraska |
| Covering:                                                                                        | INSOFAR      AND ONLY INSOFAR AS THE LEASE COVERS:                                                              |
|                                                                                             | TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.                                                                      |
|                                                                                             | Section      3:  N/2 of Lot 4, also described as  N/2NW/4NW/4                                         |
|                                                                                             |                                                                                                            |
| Lessor:                                                                                          | William      O. Smith a/k/a William Otis Smith and Rita Marie Smith, husband and      wife                      |
| Lessee:                                                                                          | Edward      Mike Davis, L.L.C.                                                                                  |
| Dated:                                                                                           | May      16, 2008                                                                                               |
| Recorded:                                                                                        | Book      206 OG, Page 33 in Kimball County, Nebraska                                                           |
| Correction      of Description Recorded:Book      207, Page 352 in Kimball County, Nebraska      |
| Covering:                                                                                        | INSOFAR      AND ONLY INSOFAR AS THE LEASE COVERS:                                                              |
|                                                                                             | TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.                                                                      |
|                                                                                             | Section      3:  N/2 of Lot 4, also described as  N/2NW/4NW/4                                         |
|                                                                                             |                                                                                                            |   |
| Lessor:                                                                                          | Rita      J. Bingaman f/k/a Rita Jeanne Smith and Gary P. Bingaman, wife and      husband                       |
| Lessee:                                                                                          | Edward      Mike Davis, L.L.C.                                                                                  |
| Dated:                                                                                           | May      16, 2008                                                                                               |
| Recorded:                                                                                        | Book      206 OG, Page 29 in Kimball County, Nebraska                                                           |
| Correction      of Description Recorded:Book      207, Page 350 in Kimball County, Nebraska      |
| Covering:                                                                                        | INSOFAR      AND ONLY INSOFAR AS THE LEASE COVERS:                                                              |
|                                                                                             | TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.                                                                      |
|                                                                                             | Section      3:  N/2 of Lot 4, also described as  N/2NW/4NW/4                                         |
|                                                                                             |                                                                                                            |
| Lessor:                                                                                          | Mary      L. Soper, individually and as Trustee of the Ronald R. Soper Family Trust,      dated October 4, 1995 |
| Lessee:                                                                                          | Edward      Mike Davis, L.L.C.                                                                                  |
| Dated:                                                                                           | July      15, 2009                                                                                              |
| Recorded:                                                                                        | Book      208 OG, Page 760 in Kimball County, Nebraska                                                          |
| Covering:                                                                                        | INSOFAR      AND ONLY INSOFAR AS THE LEASE COVERS:                                                              |
|                                                                                             | TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.                                                                      |
|                                                                                             | Section      3:  N/2 of Lot 4, also described as  N/2NW/4NW/4                                         |
|                                                                                             |                                                                                                            |
| Lessor:                                                                                          | Steven      Knigge, a single man                                                                                |
| Lessee:                                                                                          | Edward      Mike Davis, L.L.C.                                                                                  |
| Dated:                                                                                           | July      15, 2009                                                                                              |
| Recorded:                                                                                        | Book      208 OG, Page 763 in Kimball County, Nebraska                                                          |
| Covering:                                                                                        | INSOFAR      AND ONLY INSOFAR AS THE LEASE COVERS:                                                              |
|                                                                                             | TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.                                                                      |
|                                                                                             | Section      3:  N/2 of Lot 4, also described as  N/2NW/4NW/4                                         |
|                                                                                             |                                                                                                            |   |

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| Lessor:                                                                                             | Linda      McDowall, f.k.a. Linda Wilson, a single woman                |
|-----------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------|
| Lessee:                                                                                             | Edward      Mike Davis, L.L.C.                                          |
| Dated:                                                                                              | July      15, 2009                                                      |
| Recorded:                                                                                           | Book      208 OG, Page 766 in Kimball County, Nebraska                  |
| Covering:                                                                                           | INSOFAR      AND ONLY INSOFAR AS THE LEASE COVERS:                      |
|                                                                                                | TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.                              |
|                                                                                                | Section      3:  N/2 of Lot 4, also described as  N/2NW/4NW/4 |
|                                                                                                |                                                                    |
| Lessor:                                                                                             | Marla      Knigge,f.k.a. Marla Teasley, a single woman                  |
| Lessee:                                                                                             | Edward      Mike Davis, L.L.C.                                          |
| Dated:                                                                                              | July      15, 2009                                                      |
| Recorded:                                                                                           | Book      208 OG, Page 769 in Kimball County, Nebraska                  |
| Covering:                                                                                           | INSOFAR      AND ONLY INSOFAR AS THE LEASE COVERS:                      |
|                                                                                                | TOWNSHIP 15 NORTH, RANGE 56 WEST, 6th P.M.                              |
|                                                                                                | Section      3:  N/2 of Lot 4, also described as  N/2NW/4NW/4 |
|                                                                                                |                                                                    |   |
| LUKASSEN WELL                                                                                       |
|                                                                                                |                                                                    |   |
| Well      Name:                                                                                     | Lukassen      14-34                                                     |
| Located:                                                                                            | S/2SW/4SW/4      of Section 34, T16N-R56W, Kimball County, NE           |
| API:  26105226450000                                                                      | Working      Interest:  100.00%                               | Net      Revenue Interest: 80.00% |
| Equipment      and Inventory:  consisting of a pumping unit, rods, tubing and      casing |
|                                                                                                |                                                                    |   |
| Lukassen      Tank Battery consisting of 3 – 400 bbl tanks and a 4 foot      treater          |
|                                                                                                |                                                                    |   |
|                                                                                                |                                                                    |   |
| PIEPER LEASE and LANDS:                                                                             |
|                                                                                                |                                                                    |
| Lessor:                                                                                             | Dean      Reed and Beaulah Reed, husband and wife                       |
| Lessee:                                                                                             | King      Resources Company                                             |
| Dated:                                                                                              | August      10, 1966                                                    |
| Recorded:                                                                                           | Book      583, Page 71 in Washington County, Colorado                   |
| Description:                                                                                        | Township 1 North, Range 53    West                                      |
|                                                                                                | Section      29:  NE/4                                        |
| PIEPER WELL                                                                                                                               |
|-------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                      |   |
| Well      Name:                                                                                                                           | Pieper      #3-29 |
| Located:                                                                                                                                  | NE/4      of Section 29, T1N-R53W, Washington County, CO |
| API:  05-121-08367                                                                                                              | Working      Interest:  100.00% |
| Equipment      and Inventory:  consisting of a pumping unit, rods, tubing and      casing                                       |
|                                                                                                                                      |
| Pieper      Tank Battery consisting of 2 – PR&R 500 bolted bbl tanks and a 6 X 20      vertical inside leg cold weather treater |

----

| OMEGA PROSPECT LEASES and      LANDS:          |
|------------------------------------------------|
|                                           |   |   |
| Lessor:                                        | Katharine      E. Nelson,, Individually and as Trustee of the Katharine E. Nelson Living      Trust, dated 5-19-2003 |
| Lessee:                                        | Edward      Mike Davis, L.L.C. |
| Dated:                                         | September      20, 2008 |   |
| Recorded:                                      | Book      131 OG, Page 455, in Banner County, Nebraska |
| Description:                                   | Township 17 North, Range 55 West, 6th P.M. |
|                                           | Section      11:  NE, S2 |
|                                           |   |   |
| Lessor:                                        | Ruth      L. Pile, individually and as Trustee of the Ruth L. Pile Revocable Trust,      dated 6-26-1998 |
| Lessee:                                        | Edward      Mike Davis, L.L.C. |
| Dated:                                         | October      9, 2008 |
| Recorded:                                      | Book      131 OG, Page 459, in Banner County, Nebraska |
| Description:                                   | Township 17 North, Range 55 West, 6th P.M. |
|                                           | Section      12:  W/2 |
|                                           |   |   |
|                                           |   |   |
|                                           |   |   |
| COMANCHE FARMS PROSPECT LEASES and      LANDS: |
|                                           |   |
| Lessor:                                        | State      of Colorado    Lease # OG 8056.4State      Board of Land Commissioners |
| Lessee:                                        | Contex      Energy Company |
| Dated:                                         | August      19, 2004 |
| Recorded:                                      | Reception      Number B 4199551, in Arapahoe County, Colorado |
| Description:                                   | Township 4 South, Range 62 West, 6th P.M. |
|                                           | Section      36:  ALL |
|                                           |   |   |