Niclas – Operated Lease

Lease Details

C. Niclas #4

County	State	Lease #	Operator	Acres	Gross BOPD	Gross BWPD
Kay	OK	07104513600000	Lady Bug Oil Company	80	2	50

Legal Description	GWI	NRI
W/2 NW Sec 21 27N 01E	100%	83.0125%

Wells

Well Number	Pumping Unit	Motor	Notes
#1	Bethlehem 80D	Worldwide Electric 20hp electric motor

Seller Comments

Since this is an estate, sales have to be confirmed by the District Court of Kay County, Oklahoma in the estate proceedings.

Water is trucked to SWD operated by Tyler Jefferies (friendly contract). Mr Jefferies has indicated he is willing to work with the new owners for a fair disposal agreement.