1.3 TCF Gas DPIIP

• > 400 identified locations
• > 80 vertical wells and 40 horizontal multifrac wells drilled to date
• ~ 4,000 BOE/d - potential to grow to 10,000 BOE/d (3-5 years)
• Low operating costs of $0.93/Mcfe
• Low Capex of $1.3 MM/well
• High netback, liquids rich gas (NGL recovery over 17 Bbl/MMcf)