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Lot 52 Data PacketVGM 1/Thompson SWD

Operated Lease in Kiowa County, KS

In this Document:Lot Summary

Income and ExpensesProduction

MapsMisc

Lot Summary

County/State:Legal Description:

Acres:Lease Name:

Asset Type:

Net Income (12mo):Details:

Operator:

Kiowa, KSNE Sec 5-28S-17W (VGM), W/2 NW NE Sec 5-28S-17W (Thompson SWD) 160VGM 1/Thompson SWDOperated LeaseGross Working Interest: 100%Net Revenue Interest: 82%($1,239.67) /moLease #: 131941/218567 API#: 15-097-21328 (VGM) 15-097-00010-0001 (Thompson SWD)Thompson SWD takes the VGM saltwater. The lease allows for 2 oil wells and 3 gas wells for $770/month. McGinness Oil Company of KS, Inc.

Disclaimer: Bidders must conduct their own due diligence prior to bidding at the auction. Bidders shall rely upon their own evaluations of the properties and not upon any representation either oral or written provided here. This is a summary of information provided by the seller to Mid-Continent Energy Exchange.

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Income and Expenses

12 months income info

Gross Income:Gross Expense:

TOTAL:Per Month:

$19,382.28$34,258.33

($14,876.04)($1,239.67)

Summary

Elevated expenses include a workover/acid job (included in “Gross Expense”). VGM and Thompson SWD expenses included in Operating Expenses.

Production

Well Search: Report

Search Criteria - States: KS Well: 1509721328

Well / API # Type Status Formation Lease# STR Spot IntentExpires Spud Comp. Elev TV-

TD MD Horiz

County: KIOWAOperator: MCGINNESS OIL COMPANY OF KANSAS, INC.VGM 1 /15097213280000 O&G Producing 131941 5-28S-17W NW NE 08-1992 10-1992 2158 KB 4,850

MCGINNESS OIL COMPANY OF KANSAS, INC. - Well Count 1KIOWA County - Well Count 1Total Well Count: 1

VGM 1 218567 - Lease # 218567

MCGINNESS OIL COMPANY OF KANSAS, INC., 5-28S-17W, KIOWA CountyProduction Snapshots

Oil Cum (Bo)Gas Cum (Mcf) 240,120

Well SnapshotVGM 1 // 15097213280000 // O&G1992-10-02 TD: 4850

06-2018 44707-2018 46008-2018 44009-2018 42210-2018 41811-2018 38612-2018 36201-2019 37302-2019 34803-2019 34804-2019 68405-2019 658

2015 4572016 4442017 4482018 4292019 482

Month Bopm Mcfpm

Average 0 446

Year Avg Bopm Avg Mcfpm

VGM 1 131941 - Lease # 131941

MCGINNESS OIL COMPANY OF KANSAS, INC., 5-28S-17W, KIOWA CountyProduction Snapshots

Oil Cum (Bo) 19,154Gas Cum (Mcf)

Well SnapshotVGM 1 // 15097213280000 // O&G1992-10-02 TD: 4850

06-201807-201808-201809-201810-201811-201812-2018 15501-201902-201903-201904-201905-2019 135

2015 122016 42017 112018 232019 27

Month Bopm Mcfpm

Average 24 0

Year Avg Bopm Avg Mcfpm

Total Production Plot Search Criteria - States: KS Leases: VGM 1 131941, VGM 1 218567

Production Snapshots

06-2018 447 107-2018 460 108-2018 440 109-2018 422 110-2018 418 111-2018 386 112-2018 155 362 201-2019 373 102-2019 348 103-2019 348 104-2019 684 105-2019 135 658 2

2015 12 4572016 4 4442017 11 4482018 23 4292019 27 482

Month Bopm Mcfpm Leases

Average 24 446 1

Year Avg Bopm Avg Mcfpm

Maps

Misc. Info