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.