Attached files
M. W. Balch Lease and New Diana Field 3-Year EUR (exert from Petroleum Engineer EUR) Exhibit 99.2
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New Diana
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Balch
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New Diana
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Babch
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New Diana
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Balch
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|||||||||||
Calander
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Barrels Oil
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Net Barrels Oil
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Barrels Oil
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Net Barrels Oil
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Monthly
Net Barrels Oil
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Monthly Net
Production
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Investment &
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Investment &
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Monthly
Investment &
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Monthly Net
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MONTH
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YEAR
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#Wells
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#Wells
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Monthly # Wells
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per Month
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per Month
|
per Month
|
per Month
|
per Month
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Revenues
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OPER EXP
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OPER EXP
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Oper Exp
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Severance
Taxes
|
Revenues
|
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Jan
|
2012
|
0
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0
|
0
|
0
|
0
|
0
|
0
|
0
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
|
Feb
|
2012
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
|
Mar
|
2012
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
|
Apr
|
2012
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
|
May
|
2012
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
|
Jun
|
2012
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
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$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
|
Jul
|
2012
|
0
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0
|
0
|
0
|
0
|
0
|
0
|
0
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
$ -
|
|
Aug
|
2012
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
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$ -
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$ -
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$ -
|
$ -
|
$ -
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$ -
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|
Sep
|
2012
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Tank Btry
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Tank Btry
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0
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0
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0
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0
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0
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0
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$ -
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$ 65,956
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$ 168,300
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$ (234,256)
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$ -
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$ (234,256)
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Oct
|
2012
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Inj Well
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MEOR
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0
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0
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0
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0
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0
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0
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$ -
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$ 70,000
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$ 123,000
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$ (193,000)
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$ -
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$ (193,000)
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Nov
|
2012
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1
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Cultures
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0
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645
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564
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0
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0
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564
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$ 54,744
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$ 34,600
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$ 117,300
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$ (151,900)
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$ (4,927)
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$ (102,083)
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Dec
|
2012
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2
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& Inj System
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0
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1,290
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1,129
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0
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0
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1,129
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$ 109,489
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$ 34,600
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$ 22,730
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$ (57,330)
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$ (9,854)
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$ 42,305
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Jan
|
2013
|
3
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3
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1,935
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1,693
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0
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0
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1,693
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$ 164,233
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$ 34,600
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$ 28,160
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$ (62,760)
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$ (14,781)
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$ 86,692
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Feb
|
2013
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4
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Inoculation
|
4
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2,580
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2,258
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0
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0
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2,258
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$ 218,978
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$ 34,600
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$ 28,160
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$ (62,760)
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$ (19,708)
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$ 136,510
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Mar
|
2013
|
5
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&
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5
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3,225
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2,822
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0
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0
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2,822
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$ 273,722
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$ 34,600
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$ 28,160
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$ (62,760)
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$ (24,635)
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$ 186,327
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Apr
|
2013
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6
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Incubation
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6
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3,870
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3,386
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0
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0
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3,386
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$ 328,466
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$ 34,600
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$ 28,160
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$ (62,760)
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$ (29,562)
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$ 236,144
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May
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2013
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6
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2
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8
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3,870
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3,386
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600
|
488
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3,874
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$ 375,754
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$ 4,600
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$ 6,300
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$ (10,900)
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$ (33,818)
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$ 331,036
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Jun
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2013
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6
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4
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10
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3,870
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3,386
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1,200
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975
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4,361
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$ 423,041
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$ 4,600
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$ 6,300
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$ (10,900)
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$ (38,074)
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$ 374,068
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Jul
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2013
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6
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6
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12
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3,870
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3,386
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1,800
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1,463
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4,849
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$ 470,329
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$ 4,600
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$ 6,300
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$ (10,900)
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$ (42,330)
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$ 417,099
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Aug
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2013
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6
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8
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14
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3,870
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3,386
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2,400
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1,950
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5,336
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$ 517,616
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$ 4,600
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$ 6,300
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$ (10,900)
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$ (46,585)
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$ 460,131
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Sep
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2013
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6
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10
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16
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3,870
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3,386
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3,000
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2,438
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5,824
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$ 564,904
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$ 4,600
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$ 6,300
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$ (10,900)
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$ (50,841)
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$ 503,162
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Oct
|
2013
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6
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10
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16
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3,870
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3,386
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3,000
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2,438
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5,824
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$ 564,904
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$ 4,600
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$ 6,300
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$ (10,900)
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$ (50,841)
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$ 503,162
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Nov
|
2013
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6
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10
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16
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3,870
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3,386
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3,000
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2,438
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5,824
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$ 564,904
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$ 4,600
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$ 6,300
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$ (10,900)
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$ (50,841)
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$ 503,162
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Dec
|
2013
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6
|
10
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16
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3,870
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3,386
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3,000
|
2,438
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5,824
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$ 564,904
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$ 4,600
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$ 6,300
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$ (10,900)
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$ (50,841)
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$ 503,162
|
|
Jan
|
2014
|
6
|
10
|
16
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3,870
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3,386
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3,000
|
2,438
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5,824
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$ 564,904
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$ 4,600
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$ 6,300
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$ (10,900)
|
$ (50,841)
|
$ 503,162
|
|
Feb
|
2014
|
6
|
10
|
16
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3,870
|
3,386
|
3,000
|
2,438
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5,824
|
$ 564,904
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$ 4,600
|
$ 6,300
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$ (10,900)
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$ (50,841)
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$ 503,162
|
|
Mar
|
2014
|
6
|
10
|
16
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3,870
|
3,386
|
3,000
|
2,438
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5,824
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$ 564,904
|
$ 4,600
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$ 6,300
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$ (10,900)
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$ (50,841)
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$ 503,162
|
|
Apr
|
2014
|
6
|
10
|
16
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3,831
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3,352
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3,000
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2,438
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5,790
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$ 561,619
|
$ 4,646
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$ 6,363
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$ (11,009)
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$ (50,546)
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$ 500,064
|
|
May
|
2014
|
6
|
10
|
16
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3,793
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3,319
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3,000
|
2,438
|
5,756
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$ 558,367
|
$ 4,692
|
$ 6,427
|
$ (11,119)
|
$ (50,253)
|
$ 496,995
|
|
Jun
|
2014
|
6
|
10
|
16
|
3,755
|
3,286
|
3,000
|
2,438
|
5,723
|
$ 555,148
|
$ 4,739
|
$ 6,491
|
$ (11,230)
|
$ (49,963)
|
$ 493,954
|
|
Jul
|
2014
|
6
|
10
|
16
|
3,718
|
3,253
|
3,000
|
2,438
|
5,690
|
$ 551,961
|
$ 4,787
|
$ 6,556
|
$ (11,343)
|
$ (49,676)
|
$ 490,942
|
|
Aug
|
2014
|
6
|
10
|
16
|
3,680
|
3,220
|
3,000
|
2,438
|
5,658
|
$ 548,806
|
$ 4,835
|
$ 6,621
|
$ (11,456)
|
$ (49,393)
|
$ 487,957
|
|
Sep
|
2014
|
6
|
10
|
16
|
3,644
|
3,188
|
2,970
|
2,413
|
5,601
|
$ 543,318
|
$ 4,883
|
$ 6,688
|
$ (11,571)
|
$ (48,899)
|
$ 482,848
|
|
Oct
|
2014
|
6
|
10
|
16
|
3,607
|
3,156
|
2,940
|
2,389
|
5,545
|
$ 537,884
|
$ 4,932
|
$ 6,754
|
$ (11,686)
|
$ (48,410)
|
$ 477,789
|
|
Nov
|
2014
|
6
|
10
|
16
|
3,571
|
3,125
|
2,911
|
2,365
|
5,490
|
$ 532,506
|
$ 4,981
|
$ 6,822
|
$ (11,803)
|
$ (47,926)
|
$ 472,777
|
|
Dec
|
2014
|
6
|
10
|
16
|
3,535
|
3,093
|
2,882
|
2,341
|
5,435
|
$ 527,181
|
$ 5,031
|
$ 6,890
|
$ (11,921)
|
$ (47,446)
|
$ 467,813
|
|
Jan
|
2015
|
6
|
10
|
16
|
3,500
|
3,062
|
2,853
|
2,318
|
5,381
|
$ 521,909
|
$ 5,081
|
$ 6,959
|
$ (12,040)
|
$ (46,972)
|
$ 462,897
|
|
Feb
|
2015
|
6
|
10
|
16
|
3,465
|
3,032
|
2,824
|
2,295
|
5,327
|
$ 516,690
|
$ 5,132
|
$ 7,029
|
$ (12,161)
|
$ (46,502)
|
$ 458,027
|
|
Mar
|
2015
|
6
|
10
|
16
|
3,430
|
3,002
|
2,796
|
2,272
|
5,273
|
$ 511,523
|
$ 5,183
|
$ 7,099
|
$ (12,282)
|
$ (46,037)
|
$ 453,203
|
|
Apr
|
2015
|
6
|
10
|
16
|
3,396
|
2,972
|
2,768
|
2,249
|
5,221
|
$ 506,407
|
$ 5,235
|
$ 7,170
|
$ (12,405)
|
$ (45,577)
|
$ 448,426
|
|
May
|
2015
|
6
|
10
|
16
|
3,362
|
2,942
|
2,741
|
2,227
|
5,168
|
$ 501,343
|
$ 5,288
|
$ 7,242
|
$ (12,529)
|
$ (45,121)
|
$ 443,693
|
|
Jun
|
2015
|
6
|
10
|
16
|
3,328
|
2,912
|
2,713
|
2,204
|
5,117
|
$ 496,330
|
$ 5,340
|
$ 7,314
|
$ (12,655)
|
$ (44,670)
|
$ 439,006
|
|
Jul
|
2015
|
6
|
10
|
16
|
3,295
|
2,883
|
2,686
|
2,182
|
5,066
|
$ 491,367
|
$ 5,394
|
$ 7,387
|
$ (12,781)
|
$ (44,223)
|
$ 434,363
|
|
Aug
|
2015
|
6
|
10
|
16
|
3,262
|
2,854
|
2,659
|
2,161
|
5,015
|
$ 486,453
|
$ 5,448
|
$ 7,461
|
$ (12,909)
|
$ (43,781)
|
$ 429,763
|
|
Sep
|
2015
|
6
|
10
|
16
|
3,230
|
2,826
|
2,633
|
2,139
|
4,965
|
$ 481,588
|
$ 5,502
|
$ 7,536
|
$ (13,038)
|
$ (43,343)
|
$ 425,208
|
|
Oct
|
2015
|
6
|
10
|
16
|
3,197
|
2,798
|
2,606
|
2,118
|
4,915
|
$ 476,773
|
$ 5,557
|
$ 7,611
|
$ (13,168)
|
$ (42,910)
|
$ 420,695
|
|
Nov
|
2015
|
6
|
10
|
16
|
3,165
|
2,770
|
2,580
|
2,096
|
4,866
|
$ 472,005
|
$ 5,613
|
$ 7,687
|
$ (13,300)
|
$ (42,480)
|
$ 416,224
|
|
Dec
|
2015
|
6
|
10
|
16
|
3,134
|
2,742
|
2,554
|
2,075
|
4,817
|
$ 467,285
|
$ 5,669
|
$ 7,764
|
$ (13,433)
|
$ (42,056)
|
$ 411,796
|
|