SHULTZ

Oil · District 6 · Lease #14535

Operator: PALMER PETROLEUM INC.

Cum Oil

2k BBL

Cum Gas

0 MCF

Wells

1

Production

2006-06 — 2008-04

Peak Month

2006-07

Production History

Cum Oil: 1,785 BBL Cum Gas: 0 MCF

Decline Curve Analysis

qi

301 BBL/mo

Di (annual)

443.7%

b-factor

0.9

EUR

3,551 BBL

R-squared

0.954

type

hyperbolic

Wells (1)

WELL#APIOPERATORPERMITSDEPTHLAST_ISSUED
2PALMER PETROLEUM INC.26,5002006-02-08
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