University F Lease
Andrews South (Wolfcamp) Field
N/2 Section 14 - Block 1 - University Land Survey
Andrews County, Texas

General Information:

Currently Producing 15 bopd, 45 mcfpd, 1,900 bwpd.
Pumping with Rental Submersible Pump
Marginally Economic
WI 100% NRI 77%
All Depths Held above Ellenburger- 327 Acres
Operations - Currently by United Operating, LLC
One Producing Well, One SWD, Three Re-entry Possibilities.

	DIRECTIONS Point . . . . Direction. . . . Road. . . . . . Miles Midland . . . . West . . . . Hwy 158 . . . . . . . .7 ............. . . . . North . . . . Hwy 1788 . . . . . . .8.8 . . . . . . . . . . . West . . . . Fm 8000* . . . . . . .7.4 . . . . . . . . . . North . . . . Hwy 385 . . . . . . .5.7 . . . . . . . . . . . East . . . . Lease Road . . . . . . .1.9

Upside Potential:	Devonian - Horizontal potential similar to Cross Timbers operation in the University Block 9 Field Penn - Univ F3 - Selective zones similar to Belco's operation in the Andrews (Penn) Field Grayburg - Several Wells - Offsets IP 200+ bopd - Same zone as Energen's Block 2 Field Yates - All Wells - Pressure builds on F2 Annulus

Base Map:
Grayburg Wells:
Grayburg Cross-Section
Grayburg Log:
Grayburg Potential F3 Well
Penn Potential:
Wellbore Schematic F1 Well:
Wellbore Schematic F2 Well:
Wellbore Schematic F3 Well:
Wellbore Schematic F4 Well:
Wellbore Schematic McFarland Well:
Devonian Map:
Block 9 Analog:

Base Map
Grayburg IP Map
Grayburg X Section
Grayburg Log
F3 Grayburg
PennPotential F3
F1 SWD
F2
F3
F4
Mc Farland 1
Andrew S Dev
Block 9 Analog

Photos:

None Yet

Equipment List:	Univ F2 - 8000' 2-7/8" 8rd Univ F2 - 6500' 2-3/8" PC tubing CTB - 6' x 30' 50# 3 Phase Vertical Separator CTB - 18" x 6' 2 Phase Scrubber CTB - 2 500 bbl Welded Tanks SWD - 2 500 bbl Fiberglass Tanks SWD - Quintaplex Oilwell C523 w/ 75hp in a tank SS Trim SWD - Triplex Wheatley P 323 w/ 50 hp motor Flowlines & Electrical Lines

Lease Operating Statement:

Los Univ F