New Drilling Locations, Leases, and Well Licensing

Ongoing interpretation of 3D seismic has delineated additional drilling locations which now total 18. We expect even more locations will be identified as interpretation progresses.

High Point has recently taken supplemental mineral leases pertaining to newly identified opportunities and continues with its ongoing leasing program. We anticipate our inaugural drilling program will commence in early to mid March. Wells are currently being programmed and applications are being prepared for well licensing. Evaluation work continues on complementary production opportunities in High Point's area of focus.

Acquisition of Seismic Data at Huxley

Seismic Reprocessing Complete, Production Acquisition Eyed

High Point has completed the reprocessing of the second tranche (+/- 110 square miles) of its 3D seismic and interpretation is underway. We are pleased to announce additional leases pertaining to our Nisku drilling program have been acquired as well as our first lease relative to an uphole Viking target. To date, the company has seismically identified 11 drilling opportunities and anticipates further locations will be delineated once the second tranche of 3D has been fully evaluated.

Additionally, High Point is currently evaluating a production acquisition opportunity in its area of focus which would be complementary to its upcoming drilling and development program.

Drilling Target Expectations Exceeded, Land Acquisitions Finalized

Utilizing productive analogy wells within High Point’s seismic 3D dataset, the last several weeks have been spent creating a diagnostic template to develop additional drilling locations within our area of focus. So far we have analyzed approximately 1/3 of the data.

Currently the land has been acquired on two of the prospects and negotiations are underway with respect to the balance. Additionally, High Point has begun reviewing the potential in shallower up-hole horizons. We are pleased to report the number and quality of drilling targets are exceeding our initial expectations of the area and will continue to update as we proceed.