Permit Approved to Drill 03/21/2013

Texas Mineral Rights Fayette County, TX
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http://webapps2.rrc.state.tx.us/EWA/drillingPermitDetailAction.do?methodToCall=searchByUniversalDocNo&universalDocNo=487564930&rrcActionMan=H4sIAAAAAAAAAM1Sy2rDMBD8mvQotLId0sMeTEnPfYTmYHJQbOEI5Acrmbagj-_KpdAqPZdepN3RaDQ7KIKUqCJIQLghaus22Gl8aqlr5AlX_NWc9Tx7JfhY-KCDEeFNLH5T1DvJDIUbdb8_1lwWqezIOmfH_sHQYIN_XAy9f8qKbmJSiYMJl6k7THfaOQYqJBMWGg_Ts9HUXhjaobxy0_j1tKbei1mTHl60W8xqkh-WRdpLhPI2FRWeTW9Hf7Qh6bHgjx5U1md8VbIgz6IgLRKSuKoyLHMIf5eX_8ppi7PuDX3L49fw4NTkvGQWISoEGQv-ATxwrBjYMnB9-79F_wEN6dUwtwIAAA

http://webapps2.rrc.state.tx.us/EWA/drillingPermitDetailAction.do?methodToCall=searchByUniversalDocNo&universalDocNo=487564975&rrcActionMan=H4sIAAAAAAAAAM1Sy2rDMBD8mvQotLId0sMeTEnPfYTmYHJQbOEI5Acrmbagj-_KpdAqPZdepN3RaDQ7KIKUqCJIQLghaus22Gl8aqlr5AlX_NWc9Tx7JfhY-KCDEeFNLH5T1DvJDIUbdb8_1lwWqezIOmfH_sHQYIN_XAy9f8qKbmJSiYMJl6k7THfaOQYqJBMWGg_Ts9HUXhjaobxy0_j1tKbei1mTHl60W8xqkh-WRdpLhPI2FRWeTW9Hf7Qh6bHgjx5U1md8VbIgz6IgLRKSuKoyLHMIf5eX_8ppi7PuDX3L49fw4NTkvGQWISoEGQv-ATxwrBjYMnB9-79F_wEN6dUwtwIAAA

2

Clint:

Yes, it looks like Argent is going back to the locations where they drilled and horizontaled into the Chalk last year and are now going to the Buda and drilling another well. It will be interesting to see if they use the same verticle that they used to drill the Chalk. 1. Cherry Heirs well, 2. Tilicek and 3. The Ivy is being drilled to the Buda; but, from a different pad on the opposite end of the other lateral. Basically the same pattern but Buda instead of Chalk. Seems like they might like the Buda in this area. Wish them the best!

Thanks for keeping us up-to-date!