|    |  1927 Hillgreen DriveKaty, TX 77494Tel: 713-882-9598www.mireandassociates.com   |
|--------------|------------------------------------------------------------------------------------------------|

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| United American Petroleum Corporation |   |
|---------------------------------------|--------|
| Reserves Summary - January 1, 2012    |   |
| RESERVE TYPE                          |   | Net Reserves |   |   | Undisc. Cash Flow |   |   | PV Disc. @ 10% |   |
|                                  |   | Oil (Mbbl) |   |   | Gas (MMcf) |   |   |   | (M$) |   |   |   | (M$) |   |
| PROVED                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Producing                 |   |   | 25.43 |   |   |   | 45.60 |   |   |   | 1,286.35 |   |   |   | 751.73 |   |
|   Non-Producing             |   |   | 1.31 |   |   |   | 2.87 |   |   |   | 40.78 |   |   |   | 13.62 |   |
|                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| TOTALS                                |   |   | 26.74 |   |   |   | 48.47 |   |   |   | 1,327.13 |   |   |   | 765.35 |   |

----

----

| Partner : All Cases                                                |   |   | ECONOMIC SUMMARY PROJECTION UAPC Reserve Evaluation All Cases Discount Rate : 10.00 As of : 01/01/2012 |                            |           |   |   |           | Total  |   |
|--------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------------------------------------------|---------------------------------|----------------|--------|--------|----------------|--------|--------|
|                                                               |   |
| Est. Cum Oil (Mbbl) : Est. Cum Gas (MMcf) :Est. Cum Water (Mbbl) : |   |   |                                                                                                   | 2,450.46 52.28 432.20 |           |   |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Year                                                               |   |   |                                                                                                   |                            | OilGross(Mbbl) |   |   | GasGross(MMcf) |   |   | OilNet(Mbbl) |   |   | GasNet(MMcf) |   |   | OilPrice($/bbl) |   |   | GasPrice($/Mcf) |   |   | Oil & GasRev. Net(M$) |   |   | Misc.Rev. Net(M$) |   |   | CostsNet(M$) |   |   | TaxesNet(M$) |   |   | Invest.Net(M$) |   |   | NonDisc. CFAnnual(M$) |   |   | CumDisc. CF(M$) |   |
| 2012                                                               |   |   |                                                                                                   |                            |           | 32.64  |   |           |   | 22.53  |   |   |   | 2.54 |   |   |   | 6.22 |   |   |   | 82.49 |   |   |   | 4.02 |   |   |   | 234.77 |   |   |   | 0.00 |   |   |   | 42.63 |   |   |   | 17.39 |   |   |   | 107.83 |   |   |   | 66.92 |   |   |   | 60.38 |   |
| 2013                                                               |   |   |                                                                                                   |                            |           | 40.61  |   |           |   | 26.89  |   |   |   | 2.97 |   |   |   | 6.83 |   |   |   | 83.01 |   |   |   | 4.01 |   |   |   | 273.59 |   |   |   | 0.00 |   |   |   | 53.88 |   |   |   | 20.22 |   |   |   | 0.00 |   |   |   | 199.49 |   |   |   | 233.62 |   |
| 2014                                                               |   |   |                                                                                                   |                            |           | 36.22  |   |           |   | 20.03  |   |   |   | 2.51 |   |   |   | 5.55 |   |   |   | 83.25 |   |   |   | 4.02 |   |   |   | 231.58 |   |   |   | 0.00 |   |   |   | 53.88 |   |   |   | 17.09 |   |   |   | 0.00 |   |   |   | 160.61 |   |   |   | 360.40 |   |
| 2015                                                               |   |   |                                                                                                   |                            |           | 32.63  |   |           |   | 15.66  |   |   |   | 2.18 |   |   |   | 4.66 |   |   |   | 83.39 |   |   |   | 4.03 |   |   |   | 200.22 |   |   |   | 0.00 |   |   |   | 53.88 |   |   |   | 14.76 |   |   |   | 0.00 |   |   |   | 131.58 |   |   |   | 454.81 |   |
| 2016                                                               |   |   |                                                                                                   |                            |           | 29.72  |   |           |   | 12.72  |   |   |   | 1.92 |   |   |   | 4.03 |   |   |   | 83.48 |   |   |   | 4.04 |   |   |   | 176.37 |   |   |   | 0.00 |   |   |   | 53.88 |   |   |   | 12.99 |   |   |   | 0.00 |   |   |   | 109.50 |   |   |   | 526.23 |   |
| 2017                                                               |   |   |                                                                                                   |                            |           | 27.07  |   |           |   | 9.03   |   |   |   | 1.70 |   |   |   | 3.47 |   |   |   | 83.50 |   |   |   | 4.07 |   |   |   | 156.00 |   |   |   | 0.00 |   |   |   | 53.38 |   |   |   | 11.48 |   |   |   | 0.00 |   |   |   | 91.13 |   |   |   | 580.26 |   |
| 2018                                                               |   |   |                                                                                                   |                            |           | 24.53  |   |           |   | 3.91   |   |   |   | 1.50 |   |   |   | 2.93 |   |   |   | 83.27 |   |   |   | 4.12 |   |   |   | 136.88 |   |   |   | 0.00 |   |   |   | 49.77 |   |   |   | 10.07 |   |   |   | 0.00 |   |   |   | 77.04 |   |   |   | 621.78 |   |
| 2019                                                               |   |   |                                                                                                   |                            |           | 21.51  |   |           |   | 3.52   |   |   |   | 1.31 |   |   |   | 2.64 |   |   |   | 82.83 |   |   |   | 4.12 |   |   |   | 119.20 |   |   |   | 0.00 |   |   |   | 46.42 |   |   |   | 8.78 |   |   |   | 0.00 |   |   |   | 64.00 |   |   |   | 653.15 |   |
| 2020                                                               |   |   |                                                                                                   |                            |           | 19.09  |   |           |   | 3.18   |   |   |   | 1.15 |   |   |   | 2.38 |   |   |   | 82.46 |   |   |   | 4.12 |   |   |   | 104.32 |   |   |   | 0.00 |   |   |   | 42.91 |   |   |   | 7.69 |   |   |   | 0.00 |   |   |   | 53.71 |   |   |   | 677.08 |   |
| 2021                                                               |   |   |                                                                                                   |                            |           | 16.90  |   |           |   | 2.85   |   |   |   | 0.99 |   |   |   | 2.14 |   |   |   | 82.12 |   |   |   | 4.12 |   |   |   | 90.15 |   |   |   | 0.00 |   |   |   | 37.54 |   |   |   | 6.66 |   |   |   | 0.00 |   |   |   | 45.95 |   |   |   | 695.68 |   |
| 2022                                                               |   |   |                                                                                                   |                            |           | 16.02  |   |           |   | 2.57   |   |   |   | 0.92 |   |   |   | 1.93 |   |   |   | 82.37 |   |   |   | 4.12 |   |   |   | 83.37 |   |   |   | 0.00 |   |   |   | 37.54 |   |   |   | 6.15 |   |   |   | 0.00 |   |   |   | 39.67 |   |   |   | 710.28 |   |
| 2023                                                               |   |   |                                                                                                   |                            |           | 15.18  |   |           |   | 2.31   |   |   |   | 0.85 |   |   |   | 1.73 |   |   |   | 82.61 |   |   |   | 4.12 |   |   |   | 77.15 |   |   |   | 0.00 |   |   |   | 37.54 |   |   |   | 5.68 |   |   |   | 0.00 |   |   |   | 33.92 |   |   |   | 721.63 |   |
| 2024                                                               |   |   |                                                                                                   |                            |           | 14.43  |   |           |   | 2.08   |   |   |   | 0.79 |   |   |   | 1.56 |   |   |   | 82.86 |   |   |   | 4.12 |   |   |   | 71.64 |   |   |   | 0.00 |   |   |   | 37.54 |   |   |   | 5.27 |   |   |   | 0.00 |   |   |   | 28.82 |   |   |   | 730.40 |   |
| 2025                                                               |   |   |                                                                                                   |                            |           | 13.51  |   |           |   | 1.87   |   |   |   | 0.72 |   |   |   | 1.40 |   |   |   | 83.09 |   |   |   | 4.12 |   |   |   | 65.79 |   |   |   | 0.00 |   |   |   | 37.14 |   |   |   | 4.84 |   |   |   | 0.00 |   |   |   | 23.81 |   |   |   | 736.98 |   |
| 2026                                                               |   |   |                                                                                                   |                            |           | 11.82  |   |           |   | 1.33   |   |   |   | 0.58 |   |   |   | 1.00 |   |   |   | 84.31 |   |   |   | 4.12 |   |   |   | 52.66 |   |   |   | 0.00 |   |   |   | 29.06 |   |   |   | 3.86 |   |   |   | 0.00 |   |   |   | 19.74 |   |   |   | 741.95 |   |
|                                                               |   |   |                                                                                                   |                            |           |   |   |           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| Rem.   |   |   |   | 138.40 |     |   |   | 0.00   |   |   | 4.14   |   |   | 0.00   |   |   | 92.07  |   |   |   | 0.00   |   |   | 381.03 |     |   | 0.00   |   |   | 172.73 |   |   | 27.05  |   |   | 0.00   |   |   |   | 181.24 |     |   |   | 23.41  |
|--------|--------|--------|--------|--------|----------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|----------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|----------|--------|--------|--------|
| Total  |   | 50.0   |   |   | 490.29   |   |   |   | 130.48 |   |   | 26.74  |   |   | 48.47  |   |   | 84.42  |   |   |   | 4.06   |   |   | 2,454.69 |   |   | 0.00   |   |   | 839.74 |   |   | 179.99 |   |   | 107.83 |   |   |   | 1,327.13 |   |   |   | 765.35 |
| Ult.   |   |   |   |   | 2,940.75 |   |   |   | 182.76 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |     |   |   |   |   |
|   |   |   |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |     |   |   |   |   |

| Eco. Indicators                 |   |   |   |                       |          |   |
|---------------------------------|--------|--------|--------|----------------------------|---------------|--------|
| Return on Investment (disc) :   |   |   | 8.328  | Present Worth Profile (M$) |          |   |   |
| Return on Investment (undisc) : |   |   | 13.308 | PW                         |  5.00% : |   | 967.19 |  PW | 20.00% : |   | 541.56 |
|  Years to Payout :         |   |   | 0.71   | PW                         |  8.00% : |   | 834.66 |  PW | 30.00% : |   | 417.93 |
| Internal Rate of Return (%) :   |   |   | 775.04 | PW                         | 10.00% :      |   | 765.35 |  PW | 40.00% : |   | 338.87 |
|                            |   |   |   | PW                         | 12.00% :      |   | 706.88 |  PW | 50.00% : |   | 283.83 |
|                            |   |   |   | PW                         | 15.00% :      |   | 634.34 |  PW | 60.00% : |   | 243.27 |
|                            |

----

|    Partner : All Cases                                                    |                       |   | ECONOMIC SUMMARY PROJECTION |           |   |  Proved Producing Rsv Class & Category |         |
|-------------------------------------------------------------------------------------|----------------------------|--------|-----------------------------|----------------|--------|-------------------------------------------------|--------------|
|                                                                                |                       |   |                        |           |   |                                            |         |   |   |   | UAPC Reserve Evaluation |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |                       |   |                        |           |   |                                            |         |   |   |   | All Cases |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |                       |   |                        |           |   |                                            |         |   |   |   | Discount Rate : 10.00 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |                       |   |                        |           |   |                                            |         |   |   |   | As of : 01/01/2012 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Est. Cum Oil (Mbbl) : Est. Cum Gas (MMcf) : Est. Cum Water (Mbbl) : |   2,411.8826.33422.15 |   |                        |           |   |                                            |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Year                                                                                | OilGross(Mbbl)             |   |                        | GasGross(MMcf) |   |                                            | OilNet(Mbbl) |   |   | GasNet(MMcf) |   | OilPrice($/bbl) |   | GasPrice($/Mcf) |   |   | Oil & GasRev. Net(M$) |   |   | Misc.Rev. Net(M$) |   |   | CostsNet(M$) |   |   | TaxesNet(M$) |   |   | Invest.Net(M$) |   | NonDisc.CFAnnual(M$) |   | Cum Disc. CF(M$) |   |
| 2012                                                                                |                       | 32.09  |                        |           |   | 7.46                                            |         |   |   | 2.52 |   |   |   | 5.60 |   | 82.45 |   |   | 4.12 |   |   |   | 231.05 |   |   |   | 0.00 |   |   |   | 41.71 |   |   |   | 17.07 |   |   |   | 90.98 |   | 81.29 |   |   | 73.80 |   |
| 2013                                                                                |                       | 37.84  |                        |           |   | 8.07                                            |         |   |   | 2.87 |   |   |   | 6.06 |   | 82.90 |   |   | 4.12 |   |   |   | 262.73 |   |   |   | 0.00 |   |   |   | 50.45 |   |   |   | 19.38 |   |   |   | 0.00 |   | 192.91 |   |   | 241.32 |   |
| 2014                                                                                |                       | 33.62  |                        |           |   | 6.66                                            |         |   |   | 2.42 |   |   |   | 4.99 |   | 83.14 |   |   | 4.12 |   |   |   | 221.97 |   |   |   | 0.00 |   |   |   | 50.45 |   |   |   | 16.36 |   |   |   | 0.00 |   | 155.17 |   |   | 363.81 |   |
| 2015                                                                                |                       | 30.18  |                        |           |   | 5.67                                            |         |   |   | 2.09 |   |   |   | 4.25 |   | 83.29 |   |   | 4.12 |   |   |   | 191.52 |   |   |   | 0.00 |   |   |   | 50.45 |   |   |   | 14.11 |   |   |   | 0.00 |   | 126.96 |   |   | 454.92 |   |
| 2016                                                                                |                       | 27.40  |                        |           |   | 4.94                                            |         |   |   | 1.84 |   |   |   | 3.71 |   | 83.37 |   |   | 4.12 |   |   |   | 168.36 |   |   |   | 0.00 |   |   |   | 50.45 |   |   |   | 12.40 |   |   |   | 0.00 |   | 105.52 |   |   | 523.74 |   |
| 2017                                                                                |                       | 24.89  |                        |           |   | 4.36                                            |         |   |   | 1.62 |   |   |   | 3.27 |   | 83.39 |   |   | 4.12 |   |   |   | 148.83 |   |   |   | 0.00 |   |   |   | 50.17 |   |   |   | 10.96 |   |   |   | 0.00 |   | 87.70 |   |   | 575.74 |   |
| 2018                                                                                |                       | 22.49  |                        |           |   | 3.91                                            |         |   |   | 1.43 |   |   |   | 2.93 |   | 83.15 |   |   | 4.12 |   |   |   | 130.76 |   |   |   | 0.00 |   |   |   | 47.16 |   |   |   | 9.63 |   |   |   | 0.00 |   | 73.97 |   |   | 615.60 |   |
| 2019                                                                                |                       | 19.58  |                        |           |   | 3.52                                            |         |   |   | 1.24 |   |   |   | 2.64 |   | 82.68 |   |   | 4.12 |   |   |   | 113.39 |   |   |   | 0.00 |   |   |   | 43.82 |   |   |   | 8.37 |   |   |   | 0.00 |   | 61.21 |   |   | 645.60 |   |
| 2020                                                                                |                       | 17.25  |                        |           |   | 3.18                                            |         |   |   | 1.08 |   |   |   | 2.38 |   | 82.28 |   |   | 4.12 |   |   |   | 98.79 |   |   |   | 0.00 |   |   |   | 40.31 |   |   |   | 7.30 |   |   |   | 0.00 |   | 51.18 |   |   | 668.40 |   |
| 2021                                                                                |                       | 15.15  |                        |           |   | 2.85                                            |         |   |   | 0.93 |   |   |   | 2.14 |   | 81.89 |   |   | 4.12 |   |   |   | 84.91 |   |   |   | 0.00 |   |   |   | 34.94 |   |   |   | 6.28 |   |   |   | 0.00 |   | 43.69 |   |   | 686.08 |   |
| 2022                                                                                |                       | 14.35  |                        |           |   | 2.57                                            |         |   |   | 0.86 |   |   |   | 1.93 |   | 82.15 |   |   | 4.12 |   |   |   | 78.39 |   |   |   | 0.00 |   |   |   | 34.94 |   |   |   | 5.80 |   |   |   | 0.00 |   | 37.65 |   |   | 699.94 |   |
| 2023                                                                                |                       | 13.60  |                        |           |   | 2.31                                            |         |   |   | 0.79 |   |   |   | 1.73 |   | 82.41 |   |   | 4.12 |   |   |   | 72.42 |   |   |   | 0.00 |   |   |   | 34.94 |   |   |   | 5.35 |   |   |   | 0.00 |   | 32.13 |   |   | 710.69 |   |
| 2024                                                                                |                       | 12.93  |                        |           |   | 2.08                                            |         |   |   | 0.73 |   |   |   | 1.56 |   | 82.66 |   |   | 4.12 |   |   |   | 67.13 |   |   |   | 0.00 |   |   |   | 34.94 |   |   |   | 4.95 |   |   |   | 0.00 |   | 27.23 |   |   | 718.98 |   |
| 2025                                                                                |                       | 12.08  |                        |           |   | 1.87                                            |         |   |   | 0.67 |   |   |   | 1.40 |   | 82.90 |   |   | 4.12 |   |   |   | 61.52 |   |   |   | 0.00 |   |   |   | 34.54 |   |   |   | 4.54 |   |   |   | 0.00 |   | 22.44 |   |   | 725.18 |   |
| 2026                                                                                |                       | 10.84  |                        |           |   | 1.33                                            |         |   |   | 0.54 |   |   |   | 1.00 |   | 84.23 |   |   | 4.12 |   |   |   | 49.74 |   |   |   | 0.00 |   |   |   | 27.55 |   |   |   | 3.65 |   |   |   | 0.00 |   | 18.54 |   |   | 729.85 |   |
|                                                                                |                       |   |                        |           |   |                                            |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Rem.                                                                          |                       |   | 128.55                      |           |   |                                            | 0.00         |   |   |   | 3.79 |   |   |   | 0.00 |   | 92.66 |   |   | 0.00 |   |   |   | 351.51 |   |   |   | 0.00 |   |   |   | 157.77 |   |   |   | 24.96 |   |   |   | 0.00 |   | 168.78 |   |   | 21.88 |   |
| Total                                                                               | 50.0                  |   | 452.83                      |           |   |                                            | 60.79        |   |   |   | 25.43 |   |   |   | 45.60 |   | 84.35 |   |   | 4.12 |   |   |   | 2,333.01 |   |   |   | 0.00 |   |   |   | 784.58 |   |   |   | 171.09 |   |   |   | 90.98 |   | 1,286.35 |   |   | 751.73 |   |
| Ult.                                                                                |                       |   | 2,864.71                    |           |   |                                            | 87.12        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |                       |   |                        |           |   |                                            |         |   |   |   |   |   |   |   |  Eco. Indicators |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |                       |   |                        |           |   |                                            |         |   |   |   |   |   |   |   |  Return on Investment (disc) : |   |   | 9.474 |   |   |   | Present Worth Profile (M$) |   |   |   |   |   |   |   |   |   |   |
|                                                                                |                       |   |                        |           |   |                                            |         |   |   |   |   |   |   |   Return on Investment (undisc) : |   |   | 15.139 |   |   |   | PW |   |   | 5.00% : |   |   |   | 944.65 |   |   | PW |   | 20.00% : |   |   | 536.47 |   |
|                                                                                |                       |   |                        |           |   |                                            |         |   |   |   |   |   |   |   |  Years to Payout : |   |   | 0.64 |   |   |   | PW |   |   | 8.00% : |   |   |   | 818.1 |   |   | PW |   | 30.00% : |   |   | 416.82 |   |
|                                                                                |                       |   |                        |           |   |                                            |         |   |   | Internal Rate of Return (%) : |   |   | 864.75 |   |   |   | PW |   |   | 10.00% : |   |   |   | 751.73 |   |   | PW |   | 40.00% : |   |   | 339.97 |   |
|                                                                                |                       |   |                        |           |   |                                            |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | PW |   |   | 12.00% : |   |   |   | 695.64 |   |   | PW |   | 50.00% : |   |   | 286.27 |   |
|                                                                                |                       |   |                        |           |   |                                            |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | PW |   |   | 15.00% : |   |   |   | 625.89 |   |   | PW |   | 60.00% : |   |   | 246.57 |   |

----

| Partner : All Cases     |   |        |           |        |           | ECONOMIC SUMMARY PROJECTIONUAPC Reserve EvaluationAll CasesDiscount Rate : 10.00As of : 01/01/2012 |         | Proved Non-Producing Rsv Class & Category |         |
|-------------------------|--------|-------------|----------------|-------------|----------------|----------------------------------------------------------------------------------------------------|--------------|-----------------------------------------------|--------------|
| Est. Cum Oil (Mbbl) :   |   |  38.58 |           |        |           |                                                                                               |         |                                          |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Est. Cum Gas (MMcf) :   |   |        |           |  25.95 |           |                                                                                               |         |                                          |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Est. Cum Water (Mbbl) : |   |  10.04 |           |        |           |                                                                                               |         |                                          |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Year                    |   |        | OilGross(Mbbl) |        | GasGross(MMcf) |                                                                                               | OilNet(Mbbl) |                                          | GasNet(MMcf) |   | OilPrice($/bbl) |   | GasPrice($/Mcf) |   | Oil & GasRev. Net(M$) |   | Misc.Rev. Net(M$) |   | CostsNet(M$) |   | TaxesNet(M$) |   | Invest.Net(M$) |   | NonDisc. CFAnnual(M$) |   | CumDisc. CF(M$) |   |
| 2012                    |   |        |           | 0.56        |           |                                                                                               | 15.07        |                                          |         | 0.02 |   |   | 0.62 |   |   | 87.83 |   |   | 3.13 |   |   | 3.72 |   |   | 0.00 |   |   | 0.92 |   |   | 0.32 |   |   | 16.85 |   |   | -14.37 |   |   | -13.42 |   |
| 2013                    |   |        |           | 2.77        |           |                                                                                               | 18.81        |                                          |         | 0.10 |   |   | 0.78 |   |   | 86.18 |   |   | 3.13 |   |   | 10.86 |   |   | 0.00 |   |   | 3.43 |   |   | 0.84 |   |   | 0.00 |   |   | 6.58 |   |   | -7.71 |   |
| 2014                    |   |        |           | 2.60        |           |                                                                                               | 13.37        |                                          |         | 0.09 |   |   | 0.55 |   |   | 86.04 |   |   | 3.13 |   |   | 9.61 |   |   | 0.00 |   |   | 3.43 |   |   | 0.73 |   |   | 0.00 |   |   | 5.44 |   |   | -3.41 |   |
| 2015                    |   |        |           | 2.45        |           |                                                                                               | 10.00        |                                          |         | 0.09 |   |   | 0.41 |   |   | 85.95 |   |   | 3.13 |   |   | 8.70 |   |   | 0.00 |   |   | 3.43 |   |   | 0.66 |   |   | 0.00 |   |   | 4.61 |   |   | -0.11 |   |
| 2016                    |   |        |           | 2.32        |           |                                                                                               | 7.77         |                                          |         | 0.08 |   |   | 0.32 |   |   | 85.89 |   |   | 3.13 |   |   | 8.01 |   |   | 0.00 |   |   | 3.43 |   |   | 0.60 |   |   | 0.00 |   |   | 3.98 |   |   | 2.49 |   |
| 2017                    |   |        |           | 2.18        |           |                                                                                               | 4.67         |                                          |         | 0.08 |   |   | 0.19 |   |   | 85.79 |   |   | 3.13 |   |   | 7.17 |   |   | 0.00 |   |   | 3.21 |   |   | 0.53 |   |   | 0.00 |   |   | 3.43 |   |   | 4.52 |   |
| 2018                    |   |        |           | 2.04        |           |                                                                                               | 0.00         |                                          |         | 0.07 |   |   | 0.00 |   |   | 85.61 |   |   | 0.00 |   |   | 6.11 |   |   | 0.00 |   |   | 2.60 |   |   | 0.43 |   |   | 0.00 |   |   | 3.08 |   |   | 6.18 |   |
| 2019                    |   |        |           | 1.94        |           |                                                                                               | 0.00         |                                          |         | 0.07 |   |   | 0.00 |   |   | 85.61 |   |   | 0.00 |   |   | 5.81 |   |   | 0.00 |   |   | 2.60 |   |   | 0.41 |   |   | 0.00 |   |   | 2.79 |   |   | 7.55 |   |
| 2020                    |   |        |           | 1.85        |           |                                                                                               | 0.00         |                                          |         | 0.06 |   |   | 0.00 |   |   | 85.61 |   |   | 0.00 |   |   | 5.53 |   |   | 0.00 |   |   | 2.60 |   |   | 0.39 |   |   | 0.00 |   |   | 2.54 |   |   | 8.68 |   |
| 2021                    |   |        |           | 1.75        |           |                                                                                               | 0.00         |                                          |         | 0.06 |   |   | 0.00 |   |   | 85.61 |   |   | 0.00 |   |   | 5.24 |   |   | 0.00 |   |   | 2.60 |   |   | 0.37 |   |   | 0.00 |   |   | 2.27 |   |   | 9.59 |   |
| 2022                    |   |        |           | 1.66        |           |                                                                                               | 0.00         |                                          |         | 0.06 |   |   | 0.00 |   |   | 85.61 |   |   | 0.00 |   |   | 4.98 |   |   | 0.00 |   |   | 2.60 |   |   | 0.35 |   |   | 0.00 |   |   | 2.02 |   |   | 10.34 |   |
| 2023                    |   |        |           | 1.58        |           |                                                                                               | 0.00         |                                          |         | 0.06 |   |   | 0.00 |   |   | 85.61 |   |   | 0.00 |   |   | 4.73 |   |   | 0.00 |   |   | 2.60 |   |   | 0.34 |   |   | 0.00 |   |   | 1.79 |   |   | 10.94 |   |
| 2024                    |   |        |           | 1.50        |           |                                                                                               | 0.00         |                                          |         | 0.05 |   |   | 0.00 |   |   | 85.61 |   |   | 0.00 |   |   | 4.51 |   |   | 0.00 |   |   | 2.60 |   |   | 0.32 |   |   | 0.00 |   |   | 1.59 |   |   | 11.42 |   |
| 2025                    |   |        |           | 1.43        |           |                                                                                               | 0.00         |                                          |         | 0.05 |   |   | 0.00 |   |   | 85.61 |   |   | 0.00 |   |   | 4.27 |   |   | 0.00 |   |   | 2.60 |   |   | 0.30 |   |   | 0.00 |   |   | 1.37 |   |   | 11.80 |   |
| 2026                    |   |        |           | 0.97        |           |                                                                                               | 0.00         |                                          |         | 0.03 |   |   | 0.00 |   |   | 85.61 |   |   | 0.00 |   |   | 2.92 |   |   | 0.00 |   |   | 1.51 |   |   | 0.21 |   |   | 0.00 |   |   | 1.21 |   |   | 12.10 |   |
| Rem.                    |   |        |           | 9.85        |           |                                                                                               | 0.00         |                                          |         | 0.34 |   |   | 0.00 |   |   | 85.61 |   |   | 0.00 |   |   | 29.52 |   |   | 0.00 |   |   | 14.96 |   |   | 2.10 |   |   | 0.00 |   |   | 12.46 |   |   | 1.52 |   |
| Total                   |   | 45.5        |           |        | 37.45          |                                                                                               |         | 69.69                                         |         |   | 1.31 |   |   | 2.87 |   |   | 85.77 |   |   | 3.13 |   |   | 121.69 |   |   | 0.00 |   |   | 55.16 |   |   | 8.90 |   |   | 16.85 |   |   | 40.78 |   |   | 13.62 |   |
| Ult.                    |   |        |           |        | 76.04          |                                                                                               |         | 95.64                                         |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                    |   |        |           |        |           |                                                                                               |         |                                          |         |   |   |   |   |   |   | Eco. Indicators |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                    |   |        |           |        |           |                                                                                               |         |                                          |         |   |   |   |   |  Return on Investment (disc) : |   |   | 1.866 |   |   | Present Worth Profile (M$) |   |   |   |   |   |   |   |   |   |   |
|                    |   |        |           |        |           |                                                                                               |         |                                          |         |   |   |   |   |  Return on Investment (undisc) : |   |   | 3.420 |   |   | PW |   | 5.00% : |   |   | 22.54 |   | PW |   | 20.00% : |   |   | 5.10 |   |
|                    |   |        |           |        |           |                                                                                               |         |                                          |         |   |   |   |   |  Years to Payout : |   |   | .50 |   |   | PW |   | 8.00% : |   |   | 16.56 |   | PW |   | 30.00% : |   |   | 1.11 |   |
|                    |   |        |           |        |           |                                                                                               |         |                                          |         | Internal Rate of Return (%) : |   |   | 34.37 |   |   | PW |   | 10.00% : |   |   | 13.62 |   | PW |   | 40.00% : |   |   | -1.10 |   |
|                    |   |        |           |        |           |                                                                                               |         |                                          |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | PW |   | 12.00% : |   |   | 11.25 |   | PW |   | 50.00% : |   |   | -2.44 |   |
|                    |   |        |           |        |           |                                                                                               |         |                                          |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | PW |   | 15.00% : |   |   | 8.44 |   | PW |   | 60.00% : |   |   | -3.29 |   |
|                    |   |        |           |        |           |                                                                                               |         |                                          |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| TRC Standard Eco.rpt    |   |        |           |        |           |                                                                                               |         |                                          |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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| 3/26/2012 1:03:27PM                                                  |   |      |         |      |                 |    |        |    |   |      |                 |   |        |   |                                  |   |
|----------------------------------------------------------------------|--------|-----------|--------------|-----------|----------------------|---------|-------------|---------|--------|-----------|----------------------|--------|-------------|--------|---------------------------------------|--------|
|                                                                 |   |      |         |      | Economic One-Liners  |    |        |    |   |      |                 |
|                                                                 |   |      |         |      | As of Date: 1/1/2012 |    |        |    |   |      |                 |
| Project Name : UAPC Reserve Evaluation                               |   |      |         |      |                 |    |        |    |   |      |                 |   |
| Ownership Group :All Cases                                           |   |      |         |      |                 |    |        |    |   |      |                 |   |        |   |
|    Lease NameRisked / UnRisked                             |   |      | Net Reserves |      |                 |    | Net Revenue |    |   |      | Expense& Tax(M$) |   | Invest.(M$) |   | Cash FlowNon-Disc. Disc. 10%(M$) (M$) |   | Life(years) |   |
| Reserve Category                                                     |   | Oil(Mbbl) |         | Gas(MMcf) |                 | Oil(M$) |        | Gas(M$) |   | Other(M$) |                 |
|  Grand Total                                                    | Total  |      |         | 26.74     |                 |    | 48.47       |    |   | 2,257.84  |                 |   | 196.85      |   |                                  | 0.00   |   |   | 1,019.73 |   |   | 107.83 |   |   | 1,327.13 |   |   | 765.35 |   |   | 50.03 |   |
|                                                                 |   |      |         |      |                 |    |        |    |   |      |                 |   |        |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Proved Producing Rsv Class & Category                            | Total  |      |         | 25.43     |                 |    | 45.60       |    |   | 2,145.16  |                 |   | 187.85      |   |                                  | 0.00   |   |   | 955.68 |   |   | 90.98 |   |   | 1,286.35 |   |   | 751.73 |   |   | 50.03 |   |
|  BAILEY, JAMES & REGINA SR.                                 | P-DP   |      |         | 0.06      |                 |    | 0.00        |    |   | 5.46      |                 |   | 0.00        |   |                                  | 0.00   |   |   | 2.60 |   |   | 0.00 |   |   | 2.87 |   |   | 1.94 |   |   | 16.11 |   |
| DAVIS, MERRICK                                                       | P-DP   |      |         | 3.37      |                 |    | 0.00        |    |   | 314.26    |                 |   | 0.00        |   |                                  | 0.00   |   |   | 122.14 |   |   | 9.51 |   |   | 182.61 |   |   | 79.86 |   |   | 36.95 |   |
| DAVIS, MERRICK [A16 + B17]                                           | P-DP   |      |         | 0.38      |                 |    | 0.00        |    |   | 36.24     |                 |   | 0.00        |   |                                  | 0.00   |   |   | 22.01 |   |   | 3.30 |   |   | 10.93 |   |   | 8.23 |   |   | 5.92 |   |
| MARCEE 1                                                             | P-DP   |      |         | 10.64     |                 |    | 45.60       |    |   | 777.75    |                 |   | 187.85      |   |                                  | 0.00   |   |   | 422.53 |   |   | 40.00 |   |   | 503.07 |   |   | 344.59 |   |   | 14.78 |   |
| MCKINNEY                                                             | P-DP   |      |         | 0.79      |                 |    | 0.00        |    |   | 76.24     |                 |   | 0.00        |   |                                  | 0.00   |   |   | 43.21 |   |   | 0.00 |   |   | 33.03 |   |   | 25.24 |   |   | 7.35 |   |
| ROGERS -B-                                                           | P-DP   |      |         | 0.49      |                 |    | 0.00        |    |   | 41.52     |                 |   | 0.00        |   |                                  | 0.00   |   |   | 28.12 |   |   | 11.38 |   |   | 2.02 |   |   | -1.82 |   |   | 13.80 |   |
| WALKER SMITH                                                         | P-DP   |      |         | 1.86      |                 |    | 0.00        |    |   | 170.15    |                 |   | 0.00        |   |                                  | 0.00   |   |   | 49.06 |   |   | 5.49 |   |   | 115.60 |   |   | 91.23 |   |   | 8.79 |   |
| WALKER-SMITH 21D                                                     | P-DP   |      |         | 0.82      |                 |    | 0.00        |    |   | 75.18     |                 |   | 0.00        |   |                                  | 0.00   |   |   | 28.90 |   |   | 3.73 |   |   | 42.55 |   |   | 33.42 |   |   | 8.73 |   |
| WELDER STATE                                                         | P-DP   |      |         | 0.43      |                 |    | 0.00        |    |   | 39.94     |                 |   | 0.00        |   |                                  | 0.00   |   |   | 30.50 |   |   | 0.00 |   |   | 9.44 |   |   | 5.90 |   |   | 17.89 |   |
| WELDER, J. F., HRS. -320-                                            | P-DP   |      |         | 1.15      |                 |    | 0.00        |    |   | 106.56    |                 |   | 0.00        |   |                                  | 0.00   |   |   | 50.73 |   |   | 10.37 |   |   | 45.45 |   |   | 19.41 |   |   | 27.92 |   |
| WELDER, J. F., HRS. -B-                                              | P-DP   |      |         | 1.09      |                 |    | 0.00        |    |   | 100.98    |                 |   | 0.00        |   |                                  | 0.00   |   |   | 50.08 |   |   | 3.21 |   |   | 47.69 |   |   | 23.67 |   |   | 27.76 |   |
| WELDER, J.F., HEIRS 'C'                                              | P-DP   |      |         | 4.34      |                 |    | 0.00        |    |   | 400.89    |                 |   | 0.00        |   |                                  | 0.00   |   |   | 105.80 |   |   | 4.00 |   |   | 291.09 |   |   | 120.06 |   |   | 50.03 |   |
|  Proved Non-Producing Rsv Class & Category                  | Total  |      |         | 1.31      |                 |    | 2.87        |    |   | 112.68    |                 |   | 9.00        |   |                                  | 0.00   |   |   | 64.06 |   |   | 16.85 |   |   | 40.78 |   |   | 13.62 |   |   | 45.46 |   |
|  BAILEY, JAMES & REGINA                                     | P-NP   |      |         | 0.66      |                 |    | 0.00        |    |   | 56.14     |                 |   | 0.00        |   |                                  | 0.00   |   |   | 22.33 |   |   | 1.84 |   |   | 31.98 |   |   | 11.57 |   |   | 45.46 |   |
| FOHN, E. L. -A-                                                      | P-NP   |      |         | 0.35      |                 |    | 0.00        |    |   | 30.31     |                 |   | 0.00        |   |                                  | 0.00   |   |   | 20.12 |   |   | 5.75 |   |   | 4.44 |   |   | 0.84 |   |   | 17.23 |   |
| FOHN, EDWARD UNIT II                                                 | P-NP   |      |         | 0.28      |                 |    | 0.00        |    |   | 24.35     |                 |   | 0.00        |   |                                  | 0.00   |   |   | 16.16 |   |   | 4.90 |   |   | 3.28 |   |   | 0.80 |   |   | 14.00 |   |
| LANE-HEADY                                                           | P-NP   |      |         | 0.02      |                 |    | 2.87        |    |   | 1.88      |                 |   | 9.00        |   |                                  | 0.00   |   |   | 5.45 |   |   | 4.36 |   |   | 1.08 |   |   | 0.41 |   |   | 5.74 |   |
|         TRC Eco One Line.rpt |   |      |         |      |                 |    |        |    |   |      |                 |   |        |   |                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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