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8-K - 8-K CURRENT REPORT - RICHFIELD OIL & GAS Cov333751_8k.htm

 

Exhibit 99.1

 

 

January 18, 2013

 

Richfield Oil & Gas Company

15 W. South Temple, Suite 1050

Salt Lake City UT 84101

Attn: Mr. Doug Hewitt

 

  Re: Reserves and Engineering Evaluation
    Richfield Oil & Gas Company
    Year-End 2012 – SEC Pricing

 

EXECUTIVE SUMMARY

 

An evaluation was performed on eleven (11) producing (PDP) wells, eighteen (18) behind pipe (PBP) wells, eight (8) non-producing (PDNP) wells, forty-one (41) Proved Undeveloped (PUD) locations, four (4) SWD wells, and seventy-five (75) Non-Proven (Probable) locations mostly in Kansas in which Richfield Oil & Gas Company (“Richfield”) owns an interest. The remaining reserves and the future and present worth values were calculated as of December 31, 2012. The attached Exhibit “A” lists the wells, interests, and miscellaneous information related to the wells evaluated.

 

Information used in the evaluation was provided by Richfield and was supplemented by data gathered from public sources. The analysis was prepared and reserves were categorized using SEC guidelines. Summary results of this analysis are provided below and details are presented in referenced attachments. A summary of the projected reserves and financial values using prices determined by SEC guidelines is summarized as follows:

 

 

Proven Reserves   Est Grs Rem'g Rsvs Est Net Rem'g Rsvs Net Capital Net Cashflow NPV @ 10%
  # Oil, MBO Gas, MMcf Oil, MBO Gas, MMcf M$ M$ M$
PDP 11 193 - 142 - 12 7,405 3,615
PBP 18 403 146 314 115 3,720 13,523 9,818
PNP 8 120 4 90 3 490 3,040 2,185
PUD 41 1,351 544 1,022 409 21,841 30,684 18,308
PROVEN TOTAL 78 2,067 694 1,568 527 26,063 54,652 33,926

 

 

 
 

 

Non-Proven (Prob)   Est Grs Rem'g Rsvs Est Net Rem'g Rsvs Net Capital Net Cashflow NPV @ 10%
  # Oil, MBO Gas, MMcf Oil, MBO Gas, MMcf M$ M$ M$
Non-Prvn (Probable) BP 18 1,427 843 1,134 660 733 71,289 46,167
Non-Prvn (Probable) NP 7 144 8 106 6 773 5,405 4,156
Non-Prvn (Probable) UD 37 2,834 2,177 2,167 1,638 13,230 125,244 76,655
Non-Prvn (Probable) INJ 13 0 0 0 0 2,805 -2,805 -2,575
Probable Total 75 4,405 3,028 3,407 2,304 17,541 199,133 124,403

 

A summary of the projected present values at varying discount factors for each reserve category is summarized as follows:

 

Present Value Profile NCF - PV0% PV 5% PV 10% PV 15% PV 20%
Proven M$ M$ M$ M$ M$
PDP 7,404 4,893 3,615 2,873 2,393
PBP 13,523 11,443 9,818 8,495 7,392
PNP 3,040 2,536 2,185 1,921 1,711
PUD 30,684 23,657 18,308 14,149 10,862
PROVEN TOTAL 54,651 44,529 33,926 27,438 22,358

 

 

Present Value Profile NCF - PV0% PV 5% PV 10% PV 15% PV 20%
Non-Proven (Prob) M$ M$ M$ M$ M$
Non-Prvn (Probable) BP 71,289 56,457 46,167 38,664 32,977
Non-Prvn (Probable) NP 5,405 4,706 4,156 3,711 3,344
Non-Prvn (Probable) UD 125,244 96,011 76,655 62,812 52,403
Non-Prvn (Probable) INJ -2,805 -2,687 -2,575 -2,468 -2,367
Prob TOTAL 199,133 154,487 124,403 102,719 86,357

 

One-line economic summaries (by well) of the results from the evaluation are also included in the attachments along with by-well detail economic projections and production graphs depicting projected rates.

 

PRICING FORECAST

 

The SEC prices were determined according to the SEC pricing guidelines adjusted for an effective date of December 31, 2012. The regulations state that the base prices for each product are to be calculated by using the unweighted arithmetic average of the first-day-of-the-month price for each month of the 12-month reporting period. Prices are held constant.

 

The natural gas price is based on the NYMEX Henry Hub postings and the oil price is based on NYMEX Cushing postings. For January 1, 2012 through December 31, 2012, the unweighted arithmetic average of the first-day-of-the-month price was $94.71 per BBl for oil and $2.757 per MMBTU for gas.

 
 

 

Product prices for each well were adjusted from SEC prices to reflect estimated differentials, BTU content, field losses and usage, or gathering and processing costs. For natural gas, prices are projected to be 75% of the NYMEX natural gas price (-25% differential) based on prevailing area contracts. For oil, the table below summarizes the product type and posting market, differentials, and final net price for the areas and properties evaluated.

 

  2012 SEC Price   Diff to NYMEX Contract Bonus Final Price
Property $/BBl Posting Type/Market $/BBl $/BBl $/BBl
Perth – South Haven 94.71 OK Sweet $ (3.66) $ - $ 91.05
All Other Kansas 94.71 NCRA KS Common $ (10.16) $ 3.90 $ 88.45
Wyoming 94.71 Wyoming Sweet $ (9.81) $ - $ 84.90

 

 

EXPENSES and PRODUCTION TAXES

 

Well operating expenses were estimated and provided by Richfield. Expenses were held constant going forward. For non-producing (including behind pipe) and undeveloped locations, capital and operating expenses were based on analogy wells and provided by Richfield, and appear to be reasonable based on producing areas, depths, formations, and projected activity.

 

If a property is calculated to be uneconomic based on rate, expenses, and pricing, the rate, reserves, and expenses will show zero (“0”) in the reserves and economic results. However, in reality, many or most of these wells will continue to be produced by the operator and Richfield will realize income and expenses from the properties not captured in this evaluation.

 

Abandonment costs were assumed to be offset by future salvageable equipment values for the mid-continent (Kansas and Oklahoma), which is a reasonable and common assumption for the activities projected and producing wells in the mid-continent region.

 

Severance and ad valorem taxes were applied to all wells in the economic evaluation. Severance (production) tax rates were based on applicable current state published rates for oil and gas. Ad valorem taxes on reserves and equipment vary by county within the states and were estimated by Richfield to be $4.00/bbl of oil produced.

 

PROPERTIES

 

Mid-Continent Region

The Kansas properties are located in five fields of Central and South-Central Kansas; each are mature fields with long production histories and significant numbers of wells and formation penetrations. An evaluation was conducted on the Company’s acreage to determine volumetric in-place volumes and examine the historical production, reservoir parameters, and drainage from the producing formations – most notably the Arbuckle and Wilcox formations – in each field.

 
 

 

Field County, State Township # PDP # PBP/PNP # PUD # Prob Primary Zone ROG % WI
Wells Wells Wells Wells Target Range
Gorham Russell, KS 13,14S-14,15W 6 16 24 45 Arbkl-Gorham 100
South Haven Sumner, KS 35S-1W 0 1 2 3 Wilcox/Miss 100
Trapp Russell, KS 15S-14W 1 2 4 8 Arbuckle 100
Perth Sumner, KS 33S-1W 2 3 6 4 Wilcox/Miss 85
Koelsch Stafford, KS 24S-14W 2 3 4 12 Arbuckle/Miss 85.5
      11 25 40 72    

 

The reserves are mostly the result of Richfield undertaking reactivation and development of acreages located in older established Arbuckle and Wilcox fields in Central and Southern Kansas where bypassed pay has been documented and exists, and low hydrocarbon recoveries have been calculated due to historical production methods of topping into these reservoirs and only producing attic oil. Both volumetric and analogy methods were employed in volume estimates. Richfield will apply methods of drilling, completion, and production to the known existing producing formations that have shown to be successful in the targeted formations elsewhere, but have not been proven commercially viable in the areas owned by Richfield at this time.

 

On Richfield acreage in and around the identified fields, Richfield will re-enter existing wells and drill new wells in known Arbuckle or Wilcox formation fields and apply de-watering techniques – large stimulations of the producing formation, produce and dispose of thousands of barrels of water per day while reducing reservoir pressure and recovering significant volumes of bypassed and un-recovered oil. This method of production has been applied with significant success in several oil and gas reservoirs and fields in Kansas and Oklahoma – most significantly the Hunton and Mississippian formations in Central Oklahoma, Wilcox formation in Northwestern Oklahoma, and the Arbuckle in the Oklahoma City Field. Initial efforts to prove the dewatering process and potential in two Wilcox formation producing wells in the Perth Field have resulted in positive results although the operator has yet to optimize production operations and rates are expected to rise or exceed previously established production volumes.

 

Potential also exists in additional lower intervals (benches) within the Arbuckle in most of the Kansas fields. Only the uppermost portion of the Arbuckle formation was typically produced historically. Analysis of deeper penetrations and the evaluation of a limited number of lower Arbuckle interval completions indicate potential hydrocarbon accumulations. These intervals would also be included in de-watering methods and efforts in the Arbuckle. Potential exists in the future development and completions of secondary objective zones of interest (Kansas City-Lansing, Topeka formations) that are within the leases held by Richfield and are shallower than the targeted Arbuckle and Wilcox formations. Historical well information and reservoir analysis of these intervals indicate hydrocarbon accumulations to be tested. Five Mississippian formation horizontal wells are also projected and are modeled based on recent activity in Southern Kansas and Northern Oklahoma.

 

The Perth Field is located in Township 33S-1W of Sumner County, Kansas. Richfield has interests in Section 12 and as noted above, has two wells which have been completed in the Wilcox formation and have had successful applications of dewatering efforts, although the operator has yet to optimize production equipment, and rates are expected to rise or exceed previously established production volumes. Thirteen (13) additional Wilcox wells are planned.

 
 

 

The Gorham Field located in Townships 13,14S - Ranges 14,15W has the largest development potential of the Kansas properties, with eighty-five (85) well reactivations, deepenings or new drills slated on five leases located over nine sections. Over 100 MMBBls oil has been produced from the field since 1926, primarily from the Arbuckle. All of the wells are targeting Arbuckle with the secondary targets being the Topeka, Gorham Sand, and the Lansing formations. The individual projects within the Gorham Field include the Furthmeyer, Neidenthal, Gorham, and Boxberger leases.

 

The Trapp Field is located in Sections 26-15S-14W of Russell County, Kansas. Fourteen (14) undeveloped locations are planned to test and produce the Arbuckle formation – both new drill wells and reentry/deepenings.

 

The Koelsch Field Prospects are located in Sections 25 and 36 of T24S-14W in Stafford County, Kansas. Nineteen (19) wells are planned for the Arbuckle. After primary development from 1952 thru 1955, a well was drilled in 1977 and demonstrated active oil recovery almost identical to the original DST’s that were performed in the field in the 1950’s.

 

Six wells are planned in the South Haven Field of Sumner County, KS targeting the Mississippian and Wilcox formations.

 

Rocky Mountain Region

The Graham Reservoir Field is located in Township 12 North, Range 115 West, in Uinta County Wyoming, with one wellbore currently shut-in, and one drilling location.  There is also behind pipe potential in the existing wellbore.  This field is located on a southern extension of the Moxa Arch, and is immediately adjacent to four oil fields that have previously produced oil from both the Dakota and Frontier Formations. The Wasatch National Forest Well #16-15 is completed in the Dakota Formation at 15,560 feet and has additional untested interval in the Frontier Formation.  Testing and production operations for the Wasatch National Forest Well #16-15 are expected to occur in first quarter 2013.

 

 

FUTURE INCOME

 

Future net revenue in this report includes deductions for state production (severance) taxes. Future net income is after deducting these taxes, future capital costs, and operating expenses, but before consideration of any state and/or federal income taxes. The future net income has not been adjusted for any outstanding loans that may exist nor does it include any adjustment for cash on hand or undistributed income. The future net income has been discounted at various annual rates, including the standard ten percent (10%), to determine its “present worth.” The present worth is shown to indicate the effect of time on the value of money.

 
 

 

RESERVES DISCUSSION

 

Remaining recoverable reserves are those quantities of petroleum that are anticipated to be commercially recovered from known accumulations from a given date forward. All reserve estimates involve some degree of uncertainty depending primarily on the amount of reliable geologic and engineering data available at the time of the estimate and the interpretation of these data. The relative degree of uncertainty is conveyed by classifying reserves as Proved (highly certain) or Non-Proved (less certain).

 

The estimated reserves and revenues shown in this report were determined by SEC standards for Proved and Non-Proved (Probable and Possible) reserve categories. Proved oil and gas reserves are those quantities of oil and gas, which, by analysis of geological and engineering data, can be estimated with reasonable certainty to be economically producible—from a given date forward, from known reservoirs, and under existing economic conditions, operating methods, and government regulations—prior to the time at which contracts providing for the right to operate expire, unless evidence indicates that renewal is reasonably certain, regardless of whether deterministic or probabilistic methods are used for the estimation. The project to extract the hydrocarbons must have commenced or the operator must be reasonably certain that it will commence the project within reasonable time.

 

Proved developed oil and gas reserves are reserves that can be expected to be recovered through existing wells with existing equipment and operating methods. Proved Developed Producing (PDP) is assigned to wells with sufficient production history to allow material balance and decline curve analysis to be the primary methods of estimation. PDP reserves are the most reliable reserves, generally with a high degree of confidence that actually recovered quantities will equal or exceed published reserve estimates.

 

Proved Developed Non-Producing (PNP) reserves include reserves from zones that have been penetrated by drilling but have not produced sufficient quantities to allow material balance or decline curve analysis with a high degree of confidence. This category includes Proved Developed Behind-Pipe (PNPBP) zones and tested wells awaiting production equipment (PNP).

 

Proved undeveloped (PUD) oil and gas reserves are reserves that are expected to be recovered from new wells on undrilled acreage, or from existing wells where a relatively major expenditure is required for recompletion. Proved reserves for other undrilled units can be claimed only where it can be demonstrated with reasonably certainty that there is continuity of production from the existing productive formation. Reserves on undrilled acreage shall be limited to those drilling units offsetting productive units that are reasonably certain of production when drilled.

 

The Proven Undeveloped and Non-Producing wells were forecasted based on geological data presented, volumetric calculations, and analog comparisons to existing completions.

 
 

 

GENERAL

 

The reserves and values included in this report are estimates only and should not be construed as being exact quantities. The reserve estimates were performed using accepted engineering practices and were primarily based on historical rate decline analysis for existing producers, and volumetric and analogy analysis for undeveloped and non-producing projections. As additional pressure and production performance data becomes available, reserve estimates may increase or decrease in the future. The revenue from such reserves and the actual costs related may be more or less than the estimated amounts. Because of governmental policies and uncertainties of supply and demand, the prices actually received for the reserves included in this report and the costs incurred in recovering such reserves may vary from the price and cost assumptions referenced. Therefore, in all cases, estimates of reserves may increase or decrease as a result of future operations.

 

In evaluating the information available for this analysis, items excluded from consideration were all matters as to which legal or accounting, rather than engineering interpretation, may be controlling. As in all aspects of oil and gas evaluation, there are uncertainties inherent in the interpretation of engineering data and such conclusions necessarily represent only informed professional judgments. The titles to the properties have not been examined nor has the actual degree or type of interest owned been independently confirmed. A field inspection of the properties is not usually considered necessary for the purpose of this report.

 

Information included in this report includes projected production and cashflow economic results by entity, one-line economic results summaries for each well, and miscellaneous individual well information. Additional information reviewed will be retained and is available for review at any time. Pinnacle Energy Services, L.L.C. can take no responsibility for the accuracy of the data used in the analysis, whether gathered from public sources or otherwise.

 

Pinnacle Energy Services, LLC

 

 

 

J.P. Dick, P.E. Richard J. Morrow, P.E.
Petroleum Engineer Petroleum Engineer

 

 

 
 

 

 

Disclaimer: Pinnacle Energy Services, L.L.C. nor any of its subsidiaries, affiliates, officers, directors, shareholders, employees, consultants, advisors, agents, or representatives make any representation or warranty, express or implied, in connection with any of the information made available herein, including, but not limited to, the past, present or future value of the anticipated reserves, cash flows, income, costs, expense, liabilities and profits, if any, to be derived from the properties described herein. All statements, estimates, projections and implications as to future operations are based upon best judgments of Pinnacle Energy Services; however, there is no assurance that such statements, estimates, projections or implications will prove to be accurate. Accordingly, any company, or other party receiving such information will rely solely upon its own independent examination and assessment of said information. Neither Pinnacle Energy Services nor any of its subsidiaries, affiliates, officers, directors, shareholders, employees, consultants, advisors, agents, or representatives shall have any liability to any party receiving the information herein, nor to any affiliate, partner, member, officer, director, shareholder, employee, consultant, advisor, agent or representative of such party from any use of such information. The property description and other information attached hereto are for the sole, confidential use of the person to whom this copy has been made available. This evaluation and all descriptions and other information attached hereto are for information purposes only and do not constitute an evaluation of or offer to sell or a solicitation of an offer to buy any securities.

 

 

 
 

 

Richfield Oil & Gas Company: RESERVE REPORT DATA Exhibit A

              Capital   Prod./ WI Net Revenue Lease
Well Field Dev. Group Location Objective Well Type Date
100% Cost
WI Cost Comp.
Date
BPO APO BPO APO NRI
Current Production                            
Furthmyer #1 Gorham Gorham - Furth/Neid 14S 15W Sec 22 NE NE NE Arbuckle PDP 1/1/2010     1/1/2010 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
Hoffman #4 Trapp Hoffman 15S 14W Sec 26 C N/2 SE SE Arbuckle PDP 1/1/2010     1/1/2010 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
Hoffman #6 Trapp Hoffman   SWD Existing SWD 1/1/2010       100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
Neidenthal #1 Gorham Gorham - Furth/Neid 14S 15W Sec 23 SE SE SW Gorham Sand PDP 1/1/2010     1/1/2010 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
Boxberger #2 SWD Gorham Gorham - Boxberger   SWD Existing SWD 4/13/2010       100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Boxberger A #3 SWD Gorham Gorham - Boxberger   SWD Existing SWD 4/13/2010       100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Boxberger A #5L Gorham Gorham - Boxberger 13S 14W Sec 32 C NW NW Arbuckle PDP 4/13/2010     4/13/2010 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Furthmyer #13 Gorham Gorham - Furth/Neid 14S 15W Sec 23 NE SE NW Arbuckle PDP 7/1/2011     8/1/2011 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Furthmyer #6 Gorham Gorham - Furth/Neid 14S 15W Sec 23 NE NW NW Arbuckle PDP 7/1/2011     8/1/2011 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
HEG Whitten #12-2 Perth Perth   Wilcox PDP 7/1/2011     8/1/2011 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
HEG Wyckoff #12-2 Perth Perth   Wilcox PDP 7/1/2011     8/1/2011 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
Johnson #2 SWD Gorham Gorham - Boxberger   SWD Existing SWD 7/1/2011       100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Mai E #2 Gorham Gorham - Boxberger   Lansing PDP 7/1/2011     7/1/2011 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Neidenthal #5 Gorham Gorham - Furth/Neid 14S 15W Sec 23 NW SW NE Arbuckle PDP 7/1/2011     8/1/2011 100.0000% 100.0000% 82.2500% 82.2500% 82.2500%
RFO Koelsch #25-1 Koelsch Koelsch   Arbuckle PDP 2/1/2012     3/1/2012 83.5000% 83.5000% 65.9650% 65.9650% 79.0000%
RFO Prescott 25-6 Koelsch Koelsch   Arbuckle PDP 5/1/2012     6/1/2012 85.5000% 85.5000% 67.5717% 67.5717% 79.0313%
Prescott #2 Koelsch Koelsch   Arbuckle PDP 7/30/2012     8/4/2012 85.5000% 85.5000% 67.5717% 67.5717% 79.0313%
Neidenthal #11 Gorham Gorham - Furth/Neid     PDP 8/7/2012     9/5/2012 100.0000% 100.0000% 82.2500% 82.2500% 82.2500%
                             
Work Plan                            
Neidenthal #5 Gorham Gorham - Furth/Neid 14S 15W Sec 23 NW SW NE Arbuckle Acid job, fix tubing leak 1/1/2013 $12,000 $12,000 2/1/2013 100.0000% 100.0000% 82.2500% 82.2500% 82.2500%
Neidenthal #9 Gorham Gorham - Furth/Neid 14S 15W Sec 23 SW NW NE   Plug 1/1/2013 $87,500 $87,500 2/1/2013 100.0000% 100.0000% 82.2500% 82.2500% 82.2500%
Prescott #2 Koelsch Koelsch NE NW SE Sec 25 T24S R14W Arbuckle acid job 1/1/2013 $10,000 $8,550 2/1/2013 85.5000% 85.5000% 67.5717% 67.5717% 79.0313%
Prescott #4 SWD Koelsch Koelsch SW NE SE Sec 25 T24S R14W SWD Deepen & Repermit SWD 1/1/2013   $0 1/13/2013 85.5000% 85.5000% 67.5717% 67.5717% 79.0313%
RFO Koelsch #25-1 Koelsch Koelsch E/2 SE SW Sec 25 T24S R14W Arbuckle turn on esp 1/1/2013   $0 1/10/2013 83.5000% 83.5000% 65.9650% 65.9650% 79.0000%
RFO Prescott #25-6 Koelsch Koelsch SE NW SE Sec 25 T24S R14W Arbuckle Knock out plug,acid job 1/1/2013 $17,000 $14,535 2/1/2013 85.5000% 85.5000% 67.5717% 67.5717% 79.0313%
Dowis #1 Perth Perth C NE SW Sec 12 T33S R2W SWD convert to SWD 1/1/2013   $0 2/10/2013 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
RFO Helsel #3-1 South Haven South Haven SE SE NE Sec 3 T35S R1W Wilcox New Drill 1/1/2013 $195,540 $195,540 2/1/2013 100.0000% 100.0000% 79.0000% 79.0000% 79.0000%
Rusk #2 South Haven South Haven SW SE NE Sec 3 T35S R1W   install ESP 1/1/2013 $166,611 $166,611 2/1/2013 100.0000% 100.0000% 79.0000% 79.0000% 79.0000%
Yearout #1 SWD South Haven South Haven SW SW NW Sec 2 T35S R1W SWD washdown & deepen for SWD 1/1/2013 $175,189 $175,189 2/1/2013 100.0000% 100.0000% 79.0000% 79.0000% 79.0000%
Furthmyer #13 Gorham Gorham - Furth/Neid 14S 15W Sec 23 NE SE NW Arbuckle Acid job, checmial treatment 1/4/2013 $10,000 $10,000 2/4/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Furthmyer #7 Gorham Gorham - Furth/Neid SW NE NW Sec 23 T14S R15W   MIT for KCC Compliance, instal PU 1/4/2013 $100,000 $100,000 2/4/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
HEG Whitten #12-3 Perth Perth NW SE NW Sec 12 T33S R2W Wilcox completion as prodcuer 1/7/2013   $0 1/20/2013 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
HEG Whitten #12-2 Perth Perth SE SE NEW Sec 12 T33S R2W Wilcox acid job 1/10/2013 $15,000 $15,000 1/20/2013 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
Boxberger B #2 Gorham Gorham - Boxberger 13S 14W Sec 32 SE SW NW Arbuckle MIT for KCC Compliance, instal PU 1/15/2013 $70,000 $70,000 2/15/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Furthmyer #6 Gorham Gorham - Furth/Neid 14S 15W Sec 23 NE NW NW Arbuckle Acid job, checmial treatment 1/15/2013 $10,000 $10,000 2/15/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Ehrlich B #3 Gorham Gorham - Boxberger SE NE NW Sec 31 T13S R14W Arbuckle MIT for KCC Compliance, instal PU 2/1/2013 $87,500 $87,500 3/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Ehrlich B #5 Gorham Gorham - Boxberger NE SE NW Sec 31 T13S R14W Arbuckle MIT for KCC Compliance, instal PU 2/1/2013 $100,000 $100,000 3/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
HEG Wyckoff #12-2 Perth Perth N/2 N/2 SE Sec 12 T33S R2W Wilcox acid job 2/1/2013 $15,000 $15,000 2/15/2013 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
RFO Yearout #2-1 South Haven South Haven NW NW SW Sec 2 T35S R1W Wilcox New Drill 2/1/2013 $476,147 $476,147 3/1/2013 100.0000% 100.0000% 79.0000% 79.0000% 79.0000%
Hoffman #4 Trapp Hoffman 15S 14W Sec 26 C N/2 SE SE Arbuckle acid job 2/15/2013 $10,000 $10,000 1/1/2010 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
Hoffman #1 Trapp Hoffman 15S 14W Sec 26 NE SE SE   MIT for KCC Compliance 3/1/2013 $7,000 $7,000 4/1/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
Prescott #2 Koelsch Koelsch NE NW SE Sec 25 T24S R14W Arbuckle Re-Work, Polymer or ESP 3/1/2013 $140,000 $119,700 4/1/2013 85.5000% 85.5000% 67.5717% 67.5717% 79.0313%
Prescott #5 Koelsch Koelsch E/2 NW SE Sec 25 T24S R14W Lansing Recomplete 3/1/2013 $100,000 $85,500 4/1/2013 85.5000% 85.5000% 67.5717% 67.5717% 79.0313%
RFO Meyer #25-1 Koelsch Koelsch SW SW SE Sec 25 T24S R14W Arbuckle New Drill 3/1/2013 $476,147 $407,106 4/1/2013 85.5000% 85.5000% 68.8275% 68.8275% 80.5000%
RFO Prescott #25-6 Koelsch Koelsch SE NW SE Sec 25 T24S R14W Arbuckle Polymer and VBS or ESP 3/1/2013 $125,000 $106,875 4/1/2013 85.5000% 85.5000% 67.5717% 67.5717% 79.0313%
Furthmyer #5 Gorham Gorham - Furth/Neid     MIT for KCC Compliance 3/15/2013 $35,000 $35,000 4/15/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Neidenthal #12 Gorham Gorham - Furth/Neid     MIT for KCC Compliance 3/15/2013 $35,000 $35,000 4/15/2013 100.0000% 100.0000% 82.2500% 82.2500% 82.2500%
Bull #2-16 Bull Bull NW SW SW Sec 16 T28N R1W Wilcox Shut-in - 10 MCFD 4/1/2013 $10,000 $9,500 5/1/2013 95.0000% 95.0000% 74.1000% 74.1000% 78.0000%
Ona #1 Bull Bull NE SW SE Sec 16 T28N R1W SWD MIT & Bond SWD 4/1/2013 $5,500 $5,225 5/1/2013 95.0000% 95.0000% 74.1000% 74.1000% 78.0000%
Boxberger A #5L Gorham Gorham - Boxberger 13S 14W Sec 32 C NW NW Arbuckle Polymer treatment & VBS 4/1/2013 $105,000 $105,000 5/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Furthmyer #11 SWD Gorham Gorham - Furth/Neid SE SE NW Sec 23 T14S R15W SWD Rework & repermit SWD 4/1/2013 $65,600 $65,600 5/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Niedenthal #23-13 Gorham Gorham - Furth/Neid NE NW NE Sec 23 T14S R15W Arbuckle New Drill 4/1/2013 $476,147 $476,147 5/1/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
RFO Helsel #3-2 South Haven South Haven NE SE NE Sec 3 T35S R1W Wilcox New Drill 4/1/2013 $476,147 $476,147 5/1/2013 100.0000% 100.0000% 79.0000% 79.0000% 79.0000%
Furthmyer #1 Gorham Gorham - Furth/Neid 14S 15W Sec 22 NE NE NE Arbuckle Re-Work - Deepen 5/1/2013 $245,610 $245,610 6/1/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
Furthmyer #2 Gorham Gorham - Furth/Neid 14S 15W Sec 23 N/2 NE NW Arbuckle Re-Work - Deepen 5/1/2013 $245,610 $245,610 6/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Niedenthal #14-2 Gorham Gorham - Furth/Neid SE SE Sec 14 T14S R15W Arbuckle New Drill 5/1/2013 $476,147 $476,147 6/1/2013 100.0000% 100.0000% 83.5000% 83.5000% 83.5000%
RFO Whitten #12-4 Perth Perth C NE NW Sec 12 T33S R2W Wilcox New Drill 5/1/2013 $476,147 $476,147 6/1/2013 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%

  

 
 

  

Neidenthal #10H Gorham Gorham -Furth/Neid 14S 15W Sec 23 SE SW NE Gorham Sand Re-Work -Laterals 5/15/2013 $245,610 $245,610 6/15/2013 100.0000% 100.0000% 82.2500% 82.2500% 82.2500%
Neidenthal #5 Gorham Gorham -Furth/Neid 14S 15W Sec 23 NW SW NE Arbuckle Re-Work -Deepen 5/15/2013 $245,610 $245,610 6/15/2013 100.0000% 100.0000% 82.2500% 82.2500% 82.2500%
Neidenthal #9 Gorham Gorham -Furth/Neid 14S 15W Sec 23 SW NW NE Arbuckle Re-Work -Deepen 5/15/2013 $245,610 $245,610 6/15/2013 100.0000% 100.0000% 82.2500% 82.2500% 82.2500%
RFO Koelsch #25-2 Koelsch Koelsch C SW SW Sec 25 T24S R14W Arbuckle New Drill 5/15/2013 $476,147 $407,106 6/15/2013 85.5000% 85.5000% 67.5450% 67.5450% 79.0000%
Furthmyer #13 Gorham Gorham -Furth/Neid 14S 15W Sec 23 NE SE NW Arbuckle Re-Work -Deepen 6/1/2013 $245,610 $245,610 7/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Furthmyer #6 Gorham Gorham -Furth/Neid 14S 15W Sec 23 NE NW NW Arbuckle Re-Work -Deepen 6/1/2013 $245,610 $245,610 7/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Furthmyer #23-20 .was F-B #6. Gorham Gorham -Furth/Neid 14S 15W Sec 23 S/2 NW Arbuckle New Drill 6/1/2013 $476,147 $476,147 7/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Niedenthal #23-16 Gorham Gorham -Furth/Neid C NE SE Sec 23 T14S R15W Arbuckle New Drill 6/1/2013 $476,147 $476,147 7/1/2013 100.0000% 100.0000% 83.5000% 83.5000% 83.5000%
RFO Niedenthal #23-17H Gorham Gorham -Furth/Neid NW SW SE Sec 23 T14S R15W Gorham Sand New Drill 6/1/2013 $476,147 $476,147 7/1/2013 100.0000% 100.0000% 83.5000% 83.5000% 83.5000%
Hoffman #5 Trapp Hoffman Sec 23 T14S R15W   MIT for KCC Compliance 6/1/2013 $35,000 $35,000 7/1/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
Neidenthal #1 Gorham Gorham -Furth/Neid 14S 15W Sec 23 SE SE SW Arbuckle Re-Work -PU 6/15/2013 $31,415 $31,415 7/15/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
Neidenthal #11 Gorham Gorham -Furth/Neid SW SW NE Sec 23 T14S R15W Arbuckle Re-Work -Deepen 6/15/2013 $245,610 $245,610 7/15/2013 100.0000% 100.0000% 82.2500% 82.2500% 82.2500%
RFO Amos #22-1 SWD Gorham Gorham -Furth/Neid C SE SE Sec 22 T14S R15W SWD New Drill SWD 6/15/2013 $332,137 $332,137 7/15/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Gorham #27 SWD Gorham Gorham -Furth/Neid NW NW NW Sec 23 T14S R15W SWD New Drill SWD 7/1/2013 $332,137 $332,137 8/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Niedenthal #23-14H Gorham Gorham -Furth/Neid C NE Sec 23 T14S R15W Gorham Sand New Drill 7/1/2013 $476,147 $476,147 8/1/2013 100.0000% 100.0000% 82.2500% 82.2500% 82.2500%
Boxberger B #1 Gorham Gorham -Boxberger 13S 14W Sec 32 NW SW NW Arbuckle Re-Work 7/15/2013 $245,610 $245,610 8/15/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Boxberger B #2 Gorham Gorham -Boxberger 13S 14W Sec 32 SE SW NW Arbuckle Re-Work 7/15/2013 $245,610 $245,610 8/15/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Ehrlich B #3 Gorham Gorham -Boxberger SE NE NW Sec 31 T13S R14W Arbuckle Re-Work -Deepen 7/15/2013 $245,610 $245,610 8/15/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Boxberger A #2 Gorham Gorham -Boxberger 13S 14W Sec 32 SE NW NW Arbuckle Re-Work -Laterals 8/1/2013 $245,610 $245,610 9/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Ehrlich B #5 Gorham Gorham -Boxberger NE SE NW Sec 31 T13S R14W Arbuckle Re-Work -Deepen 8/1/2013 $245,610 $245,610 9/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Boxberger #32-1 .Boxberger B #3. Gorham Gorham -Boxberger 13S 14W Sec 32 C SW NW Lansing New Drill 8/1/2013 $476,147 $476,147 9/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Koelsch #25-3 H Koelsch Koelsch SW SW SW Sec 25 T24S R14W Mississippi New Drill Hori.ontal 8/1/2013 $3,000,000 $2,565,000 9/1/2013 85.5000% 85.5000% 67.5717% 67.5717% 79.0313%
RFO Koelsch #25-7 H Koelsch Koelsch NE NE NE Sec 25 T24S R14W Mississippi New Drill Hori.ontal 8/1/2013 $3,000,000 $2,565,000 9/1/2013 85.5000% 85.5000% 67.5450% 67.5450% 79.0000%
Mai E #2 Gorham Gorham -Boxberger NE SE SE Sec 34 T13S R15W Arbuckle Re-Work -Deepen 8/15/2013 $245,610 $245,610 9/15/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Hoffman #1 Trapp Hoffman 15S 14W Sec 26 C N/2 SE SE Arbuckle Polymer treatment 8/15/2013 $100,000 $100,000 9/15/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
RFO Ehrlich #31-6 Gorham Gorham -Boxberger C W/2 NW Sec 31 T13S R14W Arbuckle New Drill 9/1/2013 $476,147 $476,147 10/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Ehrlich #31-7 Gorham Gorham -Boxberger C S/2 NW Sec 31 T13S R14W Arbuckle New Drill 9/1/2013 $476,147 $476,147 10/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Hoffman #5 Trapp Hoffman 15S 14W Sec 26 NE NW SE Arbuckle Re-Work -Deepen 9/1/2013 $245,610 $245,610 10/1/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
RFO Hoffman #26-1 Trapp Hoffman SW SW SE Sec 26 T15S R14W Arbuckle New Drill 9/1/2013 $476,147 $476,147 10/1/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
Bull #2-16 Bull Bull NW SW SW Sec 16 T28N R1W Arbuckle rework & deepen 10/1/2013 $245,610 $233,330 11/1/2013 95.0000% 95.0000% 74.1000% 74.1000% 78.0000%
RFO Mai #34-3 Gorham Gorham -Boxberger NW SE Sec 34 T13S R15W Arbuckle New Drill 10/1/2013 $476,147 $476,147 11/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Mai #34-4 Gorham Gorham -Boxberger SE SE Sec 34 T13S R15W Arbuckle New Drill 10/1/2013 $476,147 $476,147 11/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
Hoffman #4 Trapp Hoffman 15S 14W Sec 26 NE SE SE Arbuckle Polymer Treatment 10/1/2013 $175,000 $175,000 11/1/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
RFO Hoffman #26-2 Trapp Hoffman SE SE SE Sec 26 T15S R14W Arbuckle New Drill 10/1/2013 $476,147 $476,147 11/1/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
RFO Mai #34-5 Gorham Gorham -Boxberger NE SE Sec 34 T13S R15W Arbuckle New Drill 11/1/2013 $476,147 $476,147 12/1/2013 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Hoffman #26-3 Trapp Hoffman C W/2 SE Sec 26 T15S R14W Arbuckle New Drill 11/1/2013 $476,147 $476,147 12/1/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
RFO Hoffman #26-5 SWD Trapp Hoffman NW NW SE Sec 26 T15S R14W SWD New Drill SWD 11/1/2013 $332,137 $332,137 12/1/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
RFO Furthmyer #22-2 Gorham Gorham -Furth/Neid C SE NE Sec 22 T14S R15W Arbuckle New Drill 12/1/2013 $476,147 $476,147 1/1/2014 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
RFO Gorham #28 SWD Gorham Gorham -Furth/Neid Sec 14 T14S R15W SWD New Drill SWD 12/1/2013 $332,137 $332,137 1/1/2014 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Hoffman #26-4 Trapp Hoffman C NE SE Sec 26 T15S R14W Arbuckle New Drill 12/1/2013 $476,147 $476,147 1/1/2014 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
RFO Furthmyer #23-15 Gorham Gorham -Furth/Neid C SW NW Sec 23 T14S R15W Arbuckle New Drill 1/1/2014 $476,147 $476,147 2/1/2014 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Niedenthal #14-1 Gorham Gorham -Furth/Neid SW SE Sec 14 T14S R15W Arbuckle New Drill 1/1/2014 $476,147 $476,147 2/1/2014 100.0000% 100.0000% 83.5000% 83.5000% 83.5000%
RFO Koelsch #25-4 SWD Koelsch Koelsch C NW SW Sec 25 T24S R14W SWD New Drill SWD 1/1/2014 $332,137 $283,977 2/1/2014 85.5000% 85.5000% 67.5450% 67.5450% 79.0000%
RFO Furthmyer #23-16 Gorham Gorham -Furth/Neid C NW SW Sec 23 T14S R15W Arbuckle New Drill 2/1/2014 $476,147 $476,147 3/1/2014 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Niedenthal #23-15 Gorham Gorham -Furth/Neid C SE NE Sec 23 T14S R15W Arbuckle New Drill 2/1/2014 $476,147 $476,147 3/1/2014 100.0000% 100.0000% 83.3500% 83.3500% 83.3500%
RFO Perth #12-5 H Perth Perth NW NW NW Sec 12 T33S R2W Mississippi New Drill Hori.ontal 2/1/2014 $3,000,000 $2,550,000 3/1/2014 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
RFO Furthmyer #23-18 Gorham Gorham -Furth/Neid C NW SE Sec 23 T14S R15W Arbuckle New Drill 3/1/2014 $476,147 $476,147 4/1/2014 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Gorham #29 SWD Gorham Gorham -Furth/Neid Sec 23 T14S R15W SWD New Drill SWD 3/1/2014 $332,137 $332,137 4/1/2014 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Perth #12-6 H Perth Perth SE SE SE Sec 12 T33S R2W Mississippi New Drill Hori.ontal 3/1/2014 $3,000,000 $2,550,000 4/1/2014 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
RFO Furthmyer #23-17 Gorham Gorham -Furth/Neid C NE SW Sec 23 T14S R15W Arbuckle New Drill 4/1/2014 $476,147 $476,147 5/1/2014 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Niedenthal #23-20 Gorham Gorham -Furth/Neid C SE SW Sec 23 T14S R15W Arbuckle New Drill 4/1/2014 $476,147 $476,147 5/1/2014 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
RFO Helsel #3-5 H South Haven South Haven NW SW NE Sec 3 T35S R1W Mississippi New Drill Hori.ontal 4/1/2014 $3,000,000 $3,000,000 5/1/2014 100.0000% 100.0000% 79.0000% 79.0000% 79.0000%
RFO Furthmyer #23-19 Gorham Gorham -Furth/Neid C SE SE Sec 23 T14S R15W Arbuckle New Drill 5/1/2014 $476,147 $476,147 6/1/2014 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%
RFO Gorham #30 SWD Gorham Gorham -Furth/Neid Sec 23 T14S R15W SWD New Drill SWD 5/1/2014 $332,137 $332,137 6/1/2014 100.0000% 100.0000% 80.0000% 80.0000% 80.0000%

  

 
 

 

RFO Niedenthal #23-21 Gorham Gorham -Furth/Neid N/2 SW SW Sec 23 T14S R15W Arbuckle New Drill 5/1/2014 $476,147 $476,147 6/1/2014 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
HEG Wyckoff #12-3 Perth Perth C W/2 NW SE Sec 12 T33S R2W Wilcox New Drill 6/1/2014 $476,147 $404,725 7/1/2014 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
HEG Wyckoff #12-4 SWD Perth Perth Sec 12 T33S R2W Arbuckle New Drill SWD 6/1/2014 $332,137 $282,316 7/1/2014 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
RFO Moon #12-1 Perth Perth NE NE SW Sec 12 T33S R2W Wilcox New Drill 6/1/2014 $476,147 $404,725 7/1/2014 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
RFO Moon #12-2 Perth Perth C NW SW Sec 12 T33S R2W Wilcox New Drill 7/1/2014 $476,147 $404,725 8/1/2014 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
RFO Whitten #12-5 Perth Perth C NW NW Sec 12 T33S R2W Wilcox New Drill 7/1/2014 $476,147 $404,725 8/1/2014 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
RFO Whitten #12-6 Perth Perth C SW NW Sec 12 T33S R2W Wilcox New Drill 7/1/2014 $476,147 $404,725 8/1/2014 85.0000% 85.0000% 66.3000% 66.3000% 78.0000%
RFO Niedenthal #14-3 Gorham Gorham -Furth/Neid NW SE Sec 14 T14S R15W Arbuckle New Drill 8/1/2014 $476,147 $476,147 9/1/2014 100.0000% 100.0000% 83.5000% 83.5000% 83.5000%
RFO Niedenthal #14-4 Gorham Gorham -Furth/Neid NE SE Sec 14 T14S R15W Arbuckle New Drill 8/1/2014 $476,147 $476,147 9/1/2014 100.0000% 100.0000% 83.5000% 83.5000% 83.5000%
RFO Anderson #12-1 Koelsch Koelsch S/2 SW NE Sec 25 T24S R14W Arbuckle New Drill 8/1/2014 $476,147 $407,106 9/1/2014 85.5000% 85.5000% 68.8275% 68.8275% 80.5000%
RFO Anderson #12-2 Koelsch Koelsch S/2 SE NE Sec 25 T24S R14W Arbuckle New Drill 9/1/2014 $476,147 $407,106 10/1/2014 85.5000% 85.5000% 68.8275% 68.8275% 80.5000%
Wasatch National Forest Well #16-15 Graham Reservoir Graham Reservoir   Muddy/Dakota Clean up & turn on 12/26/2012 $75,000 $75,000 12/31/2012 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
Wasatch National Forest Well #16-15 Graham Reservoir Graham Reservoir   Dakota/Frontier recompletion 4/1/2013 $500,000 $500,000 6/1/2013 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%
Wasatch National Forest Well #17-16 Graham Reservoir Graham Reservoir   Dakota, Frontier, Muddy New Drill 6/1/2014 $3,500,000 $3,500,000 8/1/2014 100.0000% 100.0000% 78.0000% 78.0000% 78.0000%

  

 
 

 

1/17/2013    11:12:53PM            Economic One-Liners                    
Project Name :    Richfield YE2012 SEC                As of Date: 12/31/2012                         
Ownership Group : All Cases                                             
 
                                               
            Gross Reserves   Net Reserves Net Revenue   Expense       Cash Flow 
Lease Name    Oil   Gas   Oil   Gas   Oil   Gas   Other    & Tax   Invest.   Non-Disc.   Disc. 10%
Risked / UnRisked    (Mbbl)   (MMcf)    (Mbbl)    (MMcf)   (M$)   (M$)   (M$)    (M$)   (M$)   (M$)    (M$)
 
Proved Producing Rsv Class & Category    192.50    0.00    141.99    0.00    12,639.55    0.00    0.00    5,222.63    12.00    7,404.93    3,615.20 
Boxberger No. A5L RE PDP    18.35    0.00    14.68    0.00    1,298.62    0.00    0.00    885.19    0.00    413.44    241.55 
Furthmeyer E 6RE 13 PDP    21.50    0.00    17.20    0.00    1,521.28    0.00    0.00    656.67    0.00    864.61    425.26 
Furthmeyer W 1RE PDP    20.54    0.00    16.02    0.00    1,417.36    0.00    0.00    492.67    0.00    924.69    425.65 
Mai E #2        6.73    0.00    5.38    0.00    476.14    0.00    0.00    200.55    0.00    275.59    119.66 
Niedenthal N 5RE & 11    22.47    0.00    18.48    0.00    1,634.92    0.00    0.00    403.93    12.00    1,218.99    558.22 
Niedenthal No. 1RE PDP    11.51    0.00    8.98    0.00    793.87    0.00    0.00    340.28    0.00    453.60    206.58 
Prescott No. 2 PDP    43.85    0.00    29.63    0.00    2,620.96    0.00    0.00    693.72    0.00    1,927.24    848.46 
RFO Koelsch No. 25-1    0.13    0.00    0.09    0.00    7.69    0.00    0.00    7.74    0.00    -0.04    -0.04 
HEG Whitten No. 12-2    38.11    0.00    25.26    0.00    2,300.28    0.00    0.00    1,223.68    0.00    1,076.59    633.82 
HEG Wyckoff No. 12-2    8.54    0.00    5.66    0.00    515.57    0.00    0.00    268.20    0.00    247.38    153.32 
Hoffman No. 4RE PDP    0.77    0.00    0.60    0.00    52.84    0.00    0.00    50.02    0.00    2.83    2.72 
 
Proved Behind Pipe Rsv Class & Category    402.79    145.94    314.13    115.26    27,936.54    238.35    0.00    10,932.40    3,719.58    13,522.91    9,818.22 
Boxberger No. B1-RE PBP    22.15    10.74    17.72    8.60    1,567.64    17.78    0.00    721.43    245.61    618.38    451.87 
Boxberger No. B2 -RE PBP    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    720.35    245.61    617.89    451.60 
Erlich B 3RE PBP    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    378.97    245.61    959.27    703.12 
Erlich B 5RE PBP    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    378.97    245.61    959.27    699.79 
Furthmeyer No. 13RE PBP    22.08    10.71    17.67    8.57    1,562.73    17.72    0.00    321.65    245.61    1,013.19    752.46 
Furthmeyer No.1RE PBP    22.08    10.71    17.23    8.35    1,523.66    17.28    0.00    714.83    245.61    580.50    431.83 
Furthmeyer No.2RE PBP    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    720.49    245.61    617.75    460.87 
Furthmeyer No.6RE PBP    22.08    10.71    17.67    8.57    1,562.73    17.72    0.00    718.14    245.61    616.70    456.56 
Mai E #2 PBP        21.49    0.00    17.19    0.00    1,520.42    0.00    0.00    162.94    245.61    1,111.88    793.53 
Niedenthal #11RE PBP    15.26    0.00    12.55    0.00    1,109.85    0.00    0.00    352.78    245.61    511.46    123.26 
Niedenthal No.10 L-RE PBP    20.38    9.89    16.77    8.13    1,482.96    16.82    0.00    713.98    245.61    540.18    398.32 
Niedenthal No.5RE PBP    22.08    0.00    18.16    0.00    1,606.68    0.00    0.00    721.34    245.61    639.74    476.64 
Niedenthal No.9RE PBP    20.38    9.89    16.77    8.13    1,482.96    16.82    0.00    713.98    245.61    540.18    398.32 
Prescott No. 5RE PBP    22.13    10.73    14.96    7.25    1,322.79    15.00    0.00    322.67    85.50    929.61    734.37 
RFO Prescott 25-6 PBP    3.47    0.00    2.35    0.00    207.46    0.00    0.00    133.52    0.00    73.94    64.33 
HEG Whitten No. 12-3 PBP    39.58    0.00    26.24    0.00    2,389.18    0.00    0.00    1,156.06    0.00    1,233.12    856.65 
RFO Helsel No. 3-1    40.69    19.73    32.15    15.59    2,926.81    32.24    0.00    1,273.39    195.54    1,490.12    1,231.65 
Hoffman No. 5RE PBP    20.38    9.89    15.90    7.71    1,406.33    15.95    0.00    706.93    245.61    469.74    333.06 
 
Proved Non-Producing Rsv Class & Category    120.19    4.20    90.44    3.36    7,903.81    6.94    0.00    4,381.25    489.78    3,039.73    2,185.40 
                                             
Boxberger No. A2 Pnp   13.52    0.00    10.81    0.00    956.46    0.00    0.00    456.46    245.61    254.39    97.51 
                                             
TRC Gross Eco One Liner3.rpt                                           

 

 
 

 

1/17/2013    11:12:53PM            Economic One-Liners                     
Project Name :    Richfield YE2012 SEC                As of Date: 12/31/2012                         
Ownership Group : All Cases                                             
 
                                               
            Gross Reserves    Net Reserves  Net Revenue   Expense        Cash Flow   
Lease Name    Oil   Gas   Oil   Gas   Oil   Gas    Other    & Tax   Invest.    Non-Disc.   Disc. 10%
Risked / UnRisked    (Mbbl)    (MMcf)    (Mbbl)    (MMcf)    (M$)    (M$)    (M$)    (M$)    (M$)    (M$)    (M$) 
Furthmeyer No.7 PSI    8.66    4.20    6.92    3.36    612.46    6.94    0.00    455.13    100.00    64.27    49.79 
Niedenthal No. 1RE PNP    9.86    0.00    7.69    0.00    680.52    0.00    0.00    325.38    31.42    323.72    164.25 
WASATCH NATIONAL FOREST 16-15 - 16-15    52.01    0.00    40.57    0.00    3,444.16    0.00    0.00    2,018.26    75.00    1,350.90    1,136.71 
Prescott No. 2 PNP    4.53    0.00    3.06    0.00    270.86    0.00    0.00    173.91    0.00    96.95    81.27 
HEG Whitten No. 12-2 PNP    12.91    0.00    8.56    0.00    779.41    0.00    0.00    413.48    15.00    350.93    281.19 
HEG Wyckoff No. 12-2 PNP    15.09    0.00    10.00    0.00    910.76    0.00    0.00    368.91    12.75    529.10    314.03 
Hoffman No. 4RE PNP    3.61    0.00    2.82    0.00    249.18    0.00    0.00    169.70    10.00    69.47    60.66 
 
Proved Undeveloped Rsv Class & Category    1,351.18    544.05    1,021.63    408.69    90,473.34    845.18    0.00    38,793.23    21,841.18    30,684.10    18,308.32 
                                             
RFO BOXBERGER 32-1 (B3) RE-PUD    22.15    10.74    17.72    8.60    1,567.64    17.78    0.00    721.12    476.15    388.14    232.45 
RFO Ehrlich #31-6 PUD    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    720.21    476.15    387.49    230.24 
RFO Ehrlich #31-7 PUD    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    720.21    476.15    387.49    230.24 
RFO Furthermyer 23-20    22.08    10.71    17.67    8.57    1,562.73    17.72    0.00    718.14    476.15    386.17    235.42 
RFO Furthmyer #22-2 PUD    22.13    10.73    17.26    8.37    1,526.93    17.31    0.00    717.92    476.15    350.18    196.98 
RFO Furthmyer #23-15 PUD    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    721.40    476.15    386.29    221.80 
RFO Furthmyer #23-16 PUD    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    720.63    476.15    387.07    220.79 
RFO Furthmyer #23-17 PUD    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    720.49    476.15    387.21    217.20 
RFO Furthmyer #23-18 PUD    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    720.63    476.15    387.07    218.86 
RFO Furthmyer #23-19 PUD    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    720.49    476.15    387.21    215.31 
RFO Mai #34-3 PUD    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    720.21    476.15    387.49    228.24 
RFO Mai #34-4 PUD    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    720.21    476.15    387.49    228.24 
RFO Mai #34-5 PUD    22.13    10.73    17.71    8.59    1,566.09    17.76    0.00    721.26    476.15    386.43    225.80 
RFO Niedenthal #14-1 PUD    22.13    10.73    18.48    8.96    1,634.60    18.54    0.00    727.50    476.15    449.49    268.25 
RFO Niedenthal #14-2 PUD    22.13    10.73    18.48    8.96    1,634.60    18.54    0.00    726.59    476.15    450.40    287.58 
RFO Niedenthal #14-3 PUD    22.13    10.73    18.48    8.96    1,634.60    18.54    0.00    726.45    476.15    450.54    253.80 
RFO Niedenthal #14-4 PUD    22.13    10.73    18.48    8.96    1,634.60    18.54    0.00    726.45    476.15    450.54    253.80 
RFO Niedenthal #23-13 PUD    22.13    10.73    17.26    8.37    1,526.93    17.31    0.00    717.00    476.15    351.10    211.37 
RFO Niedenthal #23-14H PUD    20.38    9.89    16.77    8.13    1,482.96    16.82    0.00    713.89    476.15    309.74    173.94 
RFO Niedenthal #23-15 PUD    22.13    10.73    18.45    8.95    1,631.67    18.50    0.00    726.46    476.15    447.56    264.90 
RFO Niedenthal #23-16 PUD    22.13    10.73    18.48    8.96    1,634.60    18.54    0.00    726.45    476.15    450.54    285.36 
RFO Niedenthal #23-17H    20.38    9.89    17.02    8.26    1,505.49    17.07    0.00    715.89    476.15    330.53    191.68 
RFO Niedenthal #23-20 PUD    22.13    10.73    17.26    8.37    1,526.93    17.31    0.00    717.00    476.15    351.10    191.29 
RFO Niedenthal #23-21 PUD    22.13    10.73    17.26    8.37    1,526.93    17.31    0.00    717.00    476.15    351.10    189.62 
WASATCH NATIONAL FOREST 17-16 PUD - 16-15   229.44     0.00     178.96      0.00     15,193.69     0.00     0.00     3,951.91     3,500.00     7,741.77     3,957.41  
RFO ANDERSON 12-1 PUD    22.13    10.73    15.23    7.39    1,347.37    15.28    0.00    616.64    407.11    338.90    184.87 
RFO ANDERSON 12-2 PUD    22.13    10.73    15.23    7.39    1,347.37    15.28    0.00    616.52    407.11    339.02    183.46 
RFO Koelsch No. 25-2 PUD    22.13    10.73    14.95    7.25    1,322.27    14.99    0.00    614.47    407.11    315.68    190.64 
 
TRC Gross Eco One Liner3.rpt                                            2

 

 

 
 

 


1/17/2013    11:12:53PM            Economic One-Liners                    
Project Name :    Richfield YE2012 SEC                As of Date: 12/31/2012                        
Ownership Group : All Cases                                             
 
                                               
            Gross Reserves   Net Reserves   Net Revenue   Expense        Cash Flow
Lease Name    Oil   Gas   Oil   Gas   Oil   Gas   Other   & Tax   Invest.   Non-Disc.   Disc. 10%
Risked / UnRisked    (Mbbl)   (MMcf)   (Mbbl)   (MMcf)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)
RFO Meyer 25-1 PUD    22.13    10.73    15.23    7.39    1,347.37    15.28    0.00    616.88    407.11    338.66    212.94 
HEG Wyckoff #12-3 PUD    59.80    29.00    39.65    19.23    3,609.70    39.76    0.00    1,872.65    404.72    1,372.08    826.21 
RFO Moon #12-1 PUD    59.80    29.00    39.65    19.23    3,609.70    39.76    0.00    1,872.65    404.72    1,372.08    826.21 
RFO Moon #12-2 PUD    59.80    29.00    39.65    19.23    3,609.70    39.76    0.00    1,872.77    404.72    1,371.96    819.11 
RFO Whitten #12-5 PUD    52.09    25.26    34.53    16.75    3,144.25    34.64    0.00    1,346.05    404.72    1,428.11    948.24 
RFO Whitten #12-6 PUD    52.09    25.26    34.53    16.75    3,144.25    34.64    0.00    1,346.05    404.72    1,428.11    948.24 
RFO Whitten No. 12-4 PUD    52.09    25.26    34.53    16.75    3,144.25    34.64    0.00    1,346.44    404.72    1,427.72    1,065.39 
RFO Helsel No. 3-2    40.69    19.73    32.15    15.59    2,926.81    32.24    0.00    1,273.64    476.15    1,209.26    928.60 
RFO Yearout #2-1    40.69    19.73    32.15    15.59    2,926.81    32.24    0.00    1,273.79    476.15    1,209.11    944.20 
RFO Hoffman No. 26-1 PUD    22.13    10.73    17.26    8.37    1,526.93    17.31    0.00    716.72    476.15    351.38    202.79 
RFO Hoffman No. 26-2 PUD    22.13    10.73    17.26    8.37    1,526.93    17.31    0.00    716.72    476.15    351.38    201.02 
RFO Hoffman No. 26-3 PUD    22.13    10.73    17.26    8.37    1,526.93    17.31    0.00    717.78    476.15    350.32    198.80 
RFO Hoffman No. 26-4 PUD    22.13    10.73    17.26    8.37    1,526.93    17.31    0.00    717.92    476.15    350.18    196.98 
 
Proved Injection Rsv Class & Category    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
Boxberger #2 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
Boxberger A #3 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
Johnson #2 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
Hoffman #6    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
 
Probable Behind Pipe Rsv Class & Category    1,427.41    843.23    1,134.38    660.13    100,059.08    1,365.14    0.00    29,401.70    733.33    71,289.19    46,167.04 
Bull No. 2-16 PrBP    0.00    199.43    0.00    147.78    0.00    305.61    0.00    157.29    233.33    -85.01    -96.00 
Boxberger No. A2 PrBP    39.17    19.00    31.33    15.20    2,771.49    31.43    0.00    748.26    0.00    2,054.66    1,301.34 
Boxberger No. B1-RE PrBP    71.34    34.60    57.07    27.68    5,048.07    57.24    0.00    1,578.82    0.00    3,526.49    2,419.76 
Boxberger No. B2-RE PrBP    71.34    34.60    57.07    27.68    5,048.07    57.24    0.00    1,578.82    0.00    3,526.49    2,419.76 
Erlich B 3RE PrBP    95.75    46.44    76.60    37.15    6,775.11    76.83    0.00    1,500.41    0.00    5,351.52    3,154.23 
Erlich B 5RE PrBP   95.75    46.44    76.60    37.15    6,775.11    76.83    0.00    1,498.65    0.00    5,353.29    3,140.40 
Furthmeyer No. 13RE PrBP    80.54    39.06    64.43    31.25    5,699.02    64.62    0.00    1,159.16    0.00    4,604.48    2,777.02 
Furthmeyer No.1RE PrBP    86.13    41.78    67.18    32.58    5,942.49    67.38    0.00    2,011.50    0.00    3,998.38    2,717.85 
Furthmeyer No.2RE PrBP    86.55    41.98    69.24    33.58    6,124.21    69.45    0.00    2,045.67    0.00    4,147.98    2,807.71 
Furthmeyer No.6RE PrBP    86.55    41.98    69.24    33.58    6,124.21    69.45    0.00    2,026.09    0.00    4,167.56    2,797.16 
MAI E 2 PrBP        95.75    46.44    76.60    37.15    6,775.11    76.83    0.00    1,500.45    0.00    5,351.48    3,127.53 
Niedenthal No.10 L-RE PrBP    86.99    42.19    71.55    34.70    6,328.49    71.76    0.00    1,953.13    0.00    4,447.13    2,976.26 
Niedenthal No.11 RE PrBP    86.99    42.19    71.55    34.70    6,328.49    71.76    0.00    1,953.13    0.00    4,447.13    2,976.26 
Niedenthal No.5RE PrBP    86.99    42.19    71.55    34.70    6,328.49    71.76    0.00    2,030.73    0.00    4,369.53    2,930.54 
Niedenthal No.9RE PrBP    86.99    42.19    71.55    34.70    6,328.49    71.76    0.00    2,069.53    0.00    4,330.73    2,906.51 
WASATCH NATIONAL FOREST 16-15 PrBP - 16-15   100.00    0.00    78.00    0.00    6,622.20    0.00    0.00    2,293.12    500.00    3,829.08    2,820.20 
                                         
 
TRC Gross Eco One Liner3.rpt                                            3

 

 
 

 


1/17/2013    11:12:53PM            Economic One-Liners                    
Project Name :    Richfield YE2012 SEC                As of Date: 12/31/2012                        
Ownership Group : All Cases                                             
 
                                               
            Gross Reserves   Net Reserves   Net Revenue   Expense        Cash Flow
Lease Name    Oil   Gas   Oil   Gas   Oil   Gas   Other   & Tax   Invest.   Non-Disc.   Disc. 10%
Risked / UnRisked    (Mbbl)   (MMcf)   (Mbbl)   (MMcf)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)
Prescott No. 5RE PrBP    79.05    38.34    53.42    25.91    4,724.63    53.58    0.00    1,487.49    0.00    3,290.72    2,033.74 
Hoffman No. 5RE PrBP    91.54    44.40    71.40    34.63    6,315.38    71.61    0.00    1,809.45    0.00    4,577.55    2,956.76 
 
Probable Non-Producing Rsv Class & Category    143.54    8.24    106.22    6.43    9,464.79    13.30    0.00    3,299.50    773.19    5,405.40    4,155.73 
Boxberger No. A5L RE PrNP    17.09    0.00    13.67    0.00    1,208.95    0.00    0.00    427.91    105.00    676.04    545.36 
Prescott No. 2 PrNP    19.50    0.00    13.18    0.00    1,165.75    0.00    0.00    377.69    119.70    668.36    503.16 
RFO Koelsch 25-1    19.50    0.00    12.86    0.00    1,137.90    0.00    0.00    368.62    0.00    769.28    619.69 
RFO Prescott 25-6 PrNP    19.50    0.00    13.18    0.00    1,165.75    0.00    0.00    377.69    106.88    681.18    515.78 
Rusk #2 PSI        33.80    0.00    26.70    0.00    2,431.32    0.00    0.00    909.47    166.61    1,355.23    1,013.02 
Hoffman No. 1RE PrNP    17.00    8.24    13.26    6.43    1,172.59    13.30    0.00    420.59    100.00    665.29    518.56 
Hoffman No. 4RE PrNP    17.14    0.00    13.37    0.00    1,182.54    0.00    0.00    417.52    175.00    590.01    440.17 
 
Probable Undeveloped Rsv Class & Category    2,834.36    2,176.75    2,167.08    1,637.81    192,475.49    3,386.99    0.00    57,388.46    13,230.00    125,244.03    76,654.95 
RFO Boxberger No. 32-1 (B3) PROB    74.72    36.24    59.78    28.99    5,287.45    59.96    0.00    891.06    0.00    4,456.35    2,580.30 
RFO Ehrlich 31-6 PROB    65.52    31.78    52.42    25.42    4,636.35    52.57    0.00    1,486.27    0.00    3,202.65    2,224.85 
RFO Ehrlich 31-7 PROB    65.52    31.78    52.42    25.42    4,636.35    52.57    0.00    1,486.27    0.00    3,202.65    2,224.85 
RFO Furhtmyer 22-2 PROB    65.11    31.58    50.79    24.63    4,492.16    50.94    0.00    1,475.00    0.00    3,068.10    2,089.84 
RFO Furhtmyer 23-15 PROB    65.52    31.78    52.42    25.42    4,636.35    52.57    0.00    1,525.05    0.00    3,163.87    2,129.68 
RFO Furhtmyer 23-16 PROB    65.52    31.78    52.42    25.42    4,636.35    52.57    0.00    1,533.86    0.00    3,155.06    2,108.44 
RFO Furhtmyer 23-17 PROB    65.52    31.78    52.42    25.42    4,636.35    52.57    0.00    1,553.12    0.00    3,135.80    2,062.76 
RFO Furhtmyer 23-18 PROB    65.52    31.78    52.42    25.42    4,636.35    52.57    0.00    1,543.68    0.00    3,145.25    2,085.13 
RFO Furhtmyer 23-19 PROB    65.52    31.78    52.42    25.42    4,636.35    52.57    0.00    1,562.82    0.00    3,126.10    2,039.85 
RFO Furthmeyer 23-20    65.52    31.78    52.42    25.42    4,636.35    52.57    0.00    1,455.92    0.00    3,233.01    2,298.48 
RFO Mai 34-3 PROB    65.52    31.78    52.42    25.42    4,636.35    52.57    0.00    1,495.97    0.00    3,192.95    2,200.58 
RFO Mai 34-4 PROB    65.52    31.78    52.42    25.42    4,636.35    52.57    0.00    1,495.97    0.00    3,192.95    2,200.58 
RFO Mai 34-5 PROB    65.52    31.78    52.42    25.42    4,636.35    52.57    0.00    1,505.48    0.00    3,183.45    2,177.25 
RFO Niedenthal 14-1 PROB    66.20    32.11    55.28    26.81    4,889.31    55.44    0.00    1,594.52    0.00    3,350.23    2,240.27 
RFO Niedenthal 14-2 PROB    66.20    32.11    55.28    26.81    4,889.31    55.44    0.00    1,517.24    0.00    3,427.51    2,440.74 
RFO Niedenthal 14-3 PROB    66.20    32.11    55.28    26.81    4,889.31    55.44    0.00    1,662.38    0.00    3,282.37    2,077.08 
RFO Niedenthal 14-4 PROB    66.20    32.11    55.28    26.81    4,889.31    55.44    0.00    1,662.38    0.00    3,282.37    2,077.08 
RFO Niedenthal 23-13 PROB    65.11    31.58    50.79    24.63    4,492.16    50.94    0.00    1,396.46    0.00    3,146.64    2,280.19 
RFO Niedenthal 23-14X PROB    65.97    31.99    54.26    26.32    4,799.13    54.42    0.00    1,481.73    0.00    3,371.82    2,424.74 
RFO Niedenthal 23-15 PROB    66.17    32.09    55.16    26.75    4,878.55    55.32    0.00    1,504.70    0.00    3,429.17    2,461.94 
RFO Niedenthal 23-16 PROB    66.20    32.11    55.28    26.81    4,889.31    55.44    0.00    1,507.54    0.00    3,437.21    2,467.06 
RFO Niedenthal 23-17X PROB    66.20    32.11    55.28    26.81    4,889.31    55.44    0.00    1,507.54    0.00    3,437.21    2,467.06 
RFO Niedenthal 23-20 PROB    65.11    31.58    50.79    24.63    4,492.16    50.94    0.00    1,396.46    0.00    3,146.64    2,280.19 
RFO Niedenthal 23-21 PROB    65.11    31.58    50.79    24.63    4,492.16    50.94    0.00    1,396.46    0.00    3,146.64    2,280.19 
 

 

TRC Gross Eco One Liner3.rpt
4

 

 
 

 


1/17/2013    11:12:53PM            Economic One-Liners                    
Project Name :    Richfield YE2012 SEC               As of Date: 12/31/2012                        
Ownership Group : All Cases                                             
 
                                               
            Gross Reserves   Net Reserves       Net Revenue       Expense        Cash Flow
Lease Name    Oil   Gas   Oil   Gas   Oil   Gas   Other   & Tax   Invest.   Non-Disc.   Disc. 10%
Risked / UnRisked    (Mbbl)   (MMcf)   (Mbbl)   (MMcf)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)
RFO ANDERSON 12-1 PROB    65.62    31.83    45.17    21.91    3,995.07    45.30    0.00    1,370.64    0.00    2,669.73    1,699.41 
RFO ANDERSON 12-2 PROB    65.62    31.83    45.17    21.91    3,995.07    45.30    0.00    1,378.66    0.00    2,661.71    1,680.97 
RFO Koelsch No. 25-2 PROB    65.32    31.68    44.12    21.40    3,902.50    44.25    0.00    1,397.61    0.00    2,549.14    1,840.97 
RFO Koelsch No. 25-3H PROB    145.84    70.73    98.55    47.80    8,716.50    98.84    0.00    2,052.77    2,565.00    4,197.57    1,233.71 
RFO Koelsch No. 25-7H PROB    145.84    77.78    98.51    52.54    8,713.06    108.65    0.00    2,052.89    2,565.00    4,203.81    1,236.91 
RFO MEYER 25-1 PROB    65.62    31.83    45.17    21.91    3,995.07    45.30    0.00    1,229.01    0.00    2,811.36    2,043.44 
RFO PERTH #12-5H PROB - 12-5H    145.06    251.78    96.17    166.93    8,756.72    345.21    0.00    2,030.93    2,550.00    4,520.99    1,345.11 
RFO PERTH #12-6H PROB - 12-6H    144.92    251.53    96.08    166.77    8,748.53    344.87    0.00    2,027.31    2,550.00    4,516.09    1,333.47 
RFO Helsel No. 3-5H PROB    144.79    502.59    114.39    397.05    10,414.85    821.09    0.00    2,410.34    3,000.00    5,825.60    1,801.08 
RFO Hoffman 26-3 PROB    65.11    31.58    50.79    24.63    4,492.16    50.94    0.00    1,465.13    0.00    3,077.97    2,113.21 
RFO Hoffman 26-4 PROB    65.11    31.58    50.79    24.63    4,492.16    50.94    0.00    1,475.00    0.00    3,068.10    2,089.84 
RFO Hoffman No. 26-1 PROB    65.11    31.58    50.79    24.63    4,492.16    50.94    0.00    1,444.68    0.00    3,098.42    2,160.03 
RFO Hoffman No. 26-2 PROB    65.11    31.58    50.79    24.63    4,492.16    50.94    0.00    1,415.61    0.00    3,127.49    2,157.68 
 
Probable Injection Rsv Class & Category    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    2,805.13    -2,805.13    -2,574.52 
Ona #1            0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    5.23    -5.23    -5.10 
Furthmyer #11 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    65.60    -65.60    -63.99 
RFO Amos #22-1 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    332.14    -332.14    -317.38 
RFO Gorham #27 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    332.14    -332.14    -315.99 
RFO Gorham #28 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    332.14    -332.14    -303.03 
RFO Gorham #29 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    332.14    -332.14    -295.65 
RFO Gorham #30 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    332.14    -332.14    -290.76 
Prescott #4 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
RFO Koelsch #25-4 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    283.98    -283.98    -256.90 
Dowis #1        0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
HEG Wyckoff #12-4 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    282.32    -282.32    -245.05 
Yearout #1 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    175.19    -175.19    -175.14 
RFO Hoffman #26-5 SWD    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    332.14    -332.14    -305.53 

 

TRC Gross Eco One Liner3.rpt

 

5

 

 
 

 

Date : 01/18/2013    9:02:15AM        ECONOMIC SUMMARY PROJECTION    
Partner :    All Cases                Proved Producing Rsv Class & Category 
Richfield YE2012 SEC
All Cases

Discount Rate :   10.00

      As of :    12/31/2012

 

Est. Cum Oil (Mbbl) :  78.47   
Est. Cum Gas (MMcf) :  0.00   
Est. Cum Water (Mbbl) :  0.00   

        Oil   Gas   Oil   Gas   Oil   Gas   Oil & Gas   Misc.   Costs   Taxes   Invest. NonDisc. CF   Cum
        Gross   Gross   Net   Net   Price   Price   Rev. Net   Rev. Net   Net   Net   Net   Annual   Disc. CF
Year   (Mbbl)   (MMcf)   (Mbbl)   (MMcf)    ($/bbl)    ($/Mcf)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)
2012   0.06    0.00    0.04    0.00    88.96    0.00    3.75    0.00    0.72    0.33    0.00    2.70    2.70 
2013   16.27    0.00    11.98    0.00    89.05    0.00    1,066.93    0.00    177.79    94.12    12.00    783.01    746.04 
2014   13.01    0.00    9.57    0.00    89.10    0.00    852.65    0.00    158.66    75.20    0.00    618.79    1,277.35 
2015   11.19    0.00    8.22    0.00    89.12    0.00    732.80    0.00    142.20    64.62    0.00    525.98    1,685.86 
2016   10.14    0.00    7.45    0.00    89.11    0.00    663.90    0.00    142.20    58.55    0.00    463.15    2,011.27 
2017   9.29    0.00    6.83    0.00    89.10    0.00    608.51    0.00    142.20    53.67    0.00    412.64    2,273.54 
2018   8.64    0.00    6.35    0.00    89.08    0.00    565.94    0.00    142.20    49.92    0.00    373.82    2,488.52 
2019   8.10    0.00    5.96    0.00    89.07    0.00    530.95    0.00    142.20    46.83    0.00    341.92    2,666.44 
2020   7.67    0.00    5.65    0.00    89.06    0.00    502.86    0.00    142.20    44.36    0.00    316.30    2,815.35 
2021   7.26    0.00    5.35    0.00    89.05    0.00    476.25    0.00    142.20    42.02    0.00    292.03    2,939.74 
2022   6.92    0.00    5.10    0.00    89.03    0.00    454.36    0.00    142.20    40.09    0.00    272.07    3,044.59 
2023   6.63    0.00    4.89    0.00    89.02    0.00    435.11    0.00    142.20    38.39    0.00    254.52    3,133.35 
2024   6.38    0.00    4.71    0.00    89.01    0.00    419.04    0.00    142.20    36.98    0.00    239.87    3,209.04 
2025   6.12    0.00    4.52    0.00    89.00    0.00    402.20    0.00    142.20    35.49    0.00    224.51    3,273.13 
2026   5.90    0.00    4.36    0.00    88.99    0.00    387.75    0.00    142.20    34.22    0.00    211.33    3,327.72 
 
 
Rem.    68.93    0.00    51.01    0.00    88.93    0.00    4,536.55    0.00    2,063.79    400.48    0.00    2,072.28    287.48 
Total    30.0    192.50    0.00    141.99    0.00    89.02    0.00    12,639.55    0.00    4,107.37    1,115.26    12.00    7,404.93    3,615.20 
Ult.        270.97    0.00                                             

 

  Eco. Indicators                            
  Return on Investment (disc) :    302.349    Present Worth Profile (M$)             
  Return on Investment (undisc) :    618.077    PW    5.00% :    4,892.96    PW    20.00% :    2,392.61 
  Years to Payout :    0.01    PW    8.00% :    4,037.43    PW    30.00% :    1,807.72 
  Internal Rate of Return (%) :    >1000    PW    10.00% :    3,615.20    PW    40.00% :    1,460.99 
          PW    12.00% :    3,274.49    PW    50.00% :    1,229.21 
          PW    15.00% :    2,872.60    PW    60.00% :    1,062.27  

 

TRC Standard Eco.rpt

 

2

 

 

 
 

 

Date : 01/18/2013    9:02:15AM        ECONOMIC SUMMARY PROJECTION    
Partner :    All Cases                Proved Behind Pipe Rsv Class & Category
Richfield YE2012 SEC
All Cases

Discount Rate :   10.00

As of :    12/31/2012

 

Est. Cum Oil (Mbbl) :  0.05   
Est. Cum Gas (MMcf) :  0.00   
Est. Cum Water (Mbbl) :  0.00   

 

        Oil   Gas   Oil   Gas   Oil   Gas   Oil & Gas   Misc.   Costs   Taxes   Invest. NonDisc. CF   Cum
        Gross   Gross   Net   Net   Price   Price   Rev. Net   Rev. Net   Net   Net   Net   Annual   Disc. CF
Year   (Mbbl)   (MMcf)   (Mbbl)   (MMcf)    ($/bbl)    ($/Mcf)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)
2012   0.00    0.00    0.00    0.00    88.45    0.00    0.27    0.00    0.04    0.02    0.00    0.21    0.21 
2013   72.30    27.54    56.11    21.66    89.14    2.07    5,046.06    0.00    746.26    442.92    3,719.58    137.31    38.29 
2014   91.49    36.16    72.03    28.58    88.76    2.07    6,452.02    0.00    1,401.73    567.48    0.00    4,482.82    3,896.25 
2015   69.04    27.30    54.35    21.57    88.73    2.07    4,867.05    0.00    1,401.73    428.14    0.00    3,037.19    6,258.54 
2016   57.39    22.68    45.18    17.92    88.71    2.07    4,045.10    0.00    1,401.73    355.87    0.00    2,287.50    7,867.50 
2017   49.71    19.64    39.13    15.51    88.70    2.07    3,503.05    0.00    1,401.73    308.21    0.00    1,793.11    9,008.18 
2018   27.10    9.90    21.32    7.86    88.84    2.07    1,910.35    0.00    803.82    168.00    0.00    938.54    9,556.04 
2019   4.88    1.08    3.65    0.85    90.44    2.07    331.76    0.00    175.50    28.96    0.00    127.30    9,622.66 
2020   4.09    0.95    3.05    0.75    90.57    2.07    278.17    0.00    167.11    24.26    0.00    86.80    9,663.59 
2021   3.31    0.70    2.46    0.55    90.58    2.07    224.33    0.00    138.50    19.57    0.00    66.26    9,691.85 
2022   1.74    0.00    1.24    0.00    90.15    0.00    111.78    0.00    43.32    9.80    0.00    58.66    9,714.46 
2023   1.65    0.00    1.17    0.00    90.14    0.00    105.56    0.00    43.32    9.26    0.00    52.99    9,732.95 
2024   1.57    0.00    1.12    0.00    90.13    0.00    100.49    0.00    43.32    8.81    0.00    48.36    9,748.21 
2025   1.49    0.00    1.06    0.00    90.11    0.00    95.56    0.00    43.32    8.38    0.00    43.86    9,760.73 
2026   1.42    0.00    1.02    0.00    90.10    0.00    91.47    0.00    43.32    8.02    0.00    40.13    9,771.10 
 
 
 
Rem.    15.61    0.00    11.25    0.00    89.98    0.00    1,011.86    0.00    601.18    88.79    0.00    321.88    47.12 
Total    30.0    402.79    145.94    314.13    115.26    88.93    2.07    28,174.89    0.00    8,455.91    2,476.49    3,719.58    13,522.91    9,818.22 
Ult.        402.84    145.94                                             

 

Eco. Indicators                             
  Return on Investment (disc) :    3.757    Present Worth Profile (M$)             
  Return on Investment (undisc) :    4.636    PW    5.00% :    11,442.50    PW    20.00% :    7,391.78 
  Years to Payout :    0.98    PW    8.00% :    10,425.50    PW    30.00% :    5,661.19 
  Internal Rate of Return (%) :    157.76    PW    10.00% :    9,818.22    PW    40.00% :    4,380.60 
          PW    12.00% :    9,258.39    PW    50.00% :    3,410.49 
          PW    15.00% :    8,495.09    PW    60.00% :    2,662.17 

 

TRC Standard Eco.rpt

 

3

 

 
 

 

Date : 01/18/2013    9:02:15AM        ECONOMIC SUMMARY PROJECTION    
Partner :    All Cases                Proved Non-Producing Rsv Class & Category
Richfield YE2012 SEC
All Cases

Discount Rate :   10.00

As of :    12/31/2012

 

Est. Cum Oil (Mbbl) :  9.87   
Est. Cum Gas (MMcf) :  0.78   
Est. Cum Water (Mbbl) :  1.55   

 

        Oil   Gas   Oil   Gas   Oil   Gas   Oil & Gas   Misc.   Costs   Taxes   Invest. NonDisc. CF   Cum
        Gross   Gross   Net   Net   Price   Price   Rev. Net   Rev. Net   Net   Net   Net   Annual   Disc. CF
Year   (Mbbl)   (MMcf)   (Mbbl)   (MMcf)    ($/bbl)    ($/Mcf)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)
2012   0.00    0.00    0.00    0.00    88.45    0.00    0.28    0.00    0.04    0.02    0.00    0.21    0.21 
2013   25.18    1.56    19.08    1.25    86.88    2.07    1,660.56    0.00    474.05    163.84    489.78    532.89    492.57 
2014   22.34    1.21    17.03    0.97    86.86    2.07    1,480.83    0.00    531.06    145.96    0.00    803.81    1,184.23 
2015   17.51    0.97    13.34    0.78    86.82    2.07    1,159.94    0.00    531.06    114.58    0.00    514.29    1,584.60 
2016   13.52    0.46    10.27    0.37    86.76    2.07    891.64    0.00    476.82    88.49    0.00    326.33    1,814.51 
2017   10.31    0.00    7.79    0.00    86.70    0.00    675.04    0.00    414.66    67.40    0.00    192.98    1,937.61 
2018   6.33    0.00    4.72    0.00    87.33    0.00    411.93    0.00    264.58    40.11    0.00    107.25    1,999.45 
2019   2.91    0.00    2.07    0.00    89.71    0.00    185.68    0.00    85.86    16.32    0.00    83.50    2,042.94 
2020   2.65    0.00    1.88    0.00    89.70    0.00    169.05    0.00    85.86    14.86    0.00    68.34    2,075.15 
2021   2.42    0.00    1.73    0.00    89.68    0.00    154.77    0.00    85.86    13.60    0.00    55.31    2,098.72 
2022   2.17    0.00    1.55    0.00    89.70    0.00    139.02    0.00    81.57    12.22    0.00    45.23    2,116.17 
2023   1.26    0.00    0.93    0.00    89.31    0.00    83.47    0.00    35.79    7.35    0.00    40.33    2,130.24 
2024   1.18    0.00    0.88    0.00    89.30    0.00    78.70    0.00    35.79    6.93    0.00    35.98    2,141.60 
2025   1.11    0.00    0.83    0.00    89.29    0.00    74.17    0.00    35.79    6.53    0.00    31.84    2,150.69 
2026   1.06    0.00    0.79    0.00    89.28    0.00    70.37    0.00    35.79    6.20    0.00    28.38    2,158.02 
 
 
 
Rem.    10.24    0.00    7.55    0.00    89.39    0.00    675.30    0.00    442.78    59.46    0.00    173.07    27.38 
Total    30.0    120.19    4.20    90.44    3.36    87.39    2.07    7,910.75    0.00    3,617.36    763.89    489.78    3,039.73    2,185.40 
Ult.        130.05    4.98                                             

 

  Eco. Indicators                             
  Return on Investment (disc) :    5.616    Present Worth Profile (M$)             
  Return on Investment (undisc) :    7.206    PW    5.00% :    2,535.66    PW    20.00% :    1,711.46 
  Years to Payout :    0.52    PW    8.00% :    2,312.52    PW    30.00% :    1,392.88 
  Internal Rate of Return (%) :    334.59    PW    10.00% :    2,185.40    PW    40.00% :    1,159.14 
          PW    12.00% :    2,071.73    PW    50.00% :    979.28 
          PW    15.00% :    1,921.37    PW    60.00% :    836.59 

 

TRC Standard Eco.rpt

 

4

 

 
 

 

Date : 01/18/2013    9:02:15AM        ECONOMIC SUMMARY PROJECTION    
Partner :    All Cases                Proved Undeveloped Rsv Class & Category
Richfield YE2012 SEC
All Cases

Discount Rate :   10.00

As of :    12/31/2012

 

Est. Cum Oil (Mbbl) :  0.00  
Est. Cum Gas (MMcf) :  0.00  
Est. Cum Water (Mbbl) :  0.00  

 

        Oil   Gas   Oil   Gas   Oil   Gas   Oil & Gas   Misc.   Costs   Taxes   Invest. NonDisc. CF   Cum
        Gross   Gross   Net   Net   Price   Price   Rev. Net   Rev. Net   Net   Net   Net   Annual   Disc. CF
Year   (Mbbl)   (MMcf)   (Mbbl)   (MMcf)    ($/bbl)    ($/Mcf)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)
2012   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
2013   81.60    39.58    62.78    30.45    89.48    2.07    5,679.95    0.00    933.44    497.04    10,265.73    -6,016.27    -5,772.45 
2014   267.16    115.38    205.02    88.36    88.62    2.07    18,351.38    0.00    3,714.30    1,648.25    11,575.45    1,413.37    -4,826.28 
2015   269.14    109.03    204.54    82.43    88.45    2.07    18,261.54    0.00    4,629.53    1,659.69    0.00    11,972.33    4,499.37 
2016   201.51    83.81    153.76    63.71    88.48    2.07    13,736.47    0.00    4,629.53    1,242.74    0.00    7,864.20    10,035.60 
2017   164.88    69.69    126.10    53.14    88.50    2.07    11,269.53    0.00    4,629.53    1,016.66    0.00    5,623.35    13,615.23 
2018   124.76    52.34    95.30    39.85    88.52    2.07    8,517.65    0.00    3,912.94    769.28    0.00    3,835.42    15,830.46 
2019   53.84    19.34    39.55    13.90    88.61    2.07    3,533.49    0.00    1,520.30    327.21    0.00    1,685.98    16,713.41 
2020   34.18    10.77    24.57    7.39    88.71    2.07    2,194.90    0.00    972.24    207.03    0.00    1,015.63    17,192.25 
2021   29.98    9.49    21.53    6.50    88.73    2.07    1,923.39    0.00    961.13    181.33    0.00    780.94    17,525.31 
2022   23.99    7.15    17.00    4.75    88.44    2.07    1,513.58    0.00    747.58    144.13    0.00    621.87    17,765.26 
2023   21.59    6.48    15.28    4.30    88.47    2.07    1,360.58    0.00    739.44    129.45    0.00    491.69    17,936.95 
2024   18.45    5.39    13.09    3.57    88.36    2.07    1,164.05    0.00    664.05    111.17    0.00    388.83    18,059.80 
2025   14.47    3.86    10.35    2.56    88.03    2.07    916.79    0.00    521.92    88.58    0.00    306.30    18,147.33 
2026   11.98    3.00    8.62    1.99    87.82    2.07    761.11    0.00    442.62    74.08    0.00    244.42    18,210.55 
 
 
 
Rem.    33.64    8.74    24.13    5.80    87.95    2.07    2,134.10    0.00    1,471.25    206.82    0.00    456.03    97.77 
Total    17.5    1,351.18    544.05    1,021.63    408.69    88.56    2.07    91,318.51    0.00    30,489.78    8,303.45    21,841.18    30,684.10    18,308.32 
Ult.        1,351.18    544.05                                             

 

Eco. Indicators                            
Return on Investment (disc) :    1.998    Present Worth Profile (M$)             
Return on Investment (undisc) :    2.518    PW    5.00% :    23,657.19    PW    20.00% :    10,861.97 
Years to Payout :    2.33    PW    8.00% :    20,282.54    PW    30.00% :    6,103.91 
Internal Rate of Return (%) :    55.23    PW    10.00% :    18,308.32    PW    40.00% :    2,954.14 
        PW    12.00% :    16,522.65    PW    50.00% :    826.31 
        PW    15.00% :    14,149.30    PW    60.00% :    -625.73 

 

TRC Standard Eco.rpt

5

 

 
 

 

Date : 01/18/2013    9:02:15AM        ECONOMIC SUMMARY PROJECTION    
Partner :    All Cases                Proved Injection Rsv Class & Category
Richfield YE2012 SEC
All Cases

Discount Rate :   10.00

As of :    12/31/2012

 

 

Est. Cum Oil (Mbbl) :  0.00   
Est. Cum Gas (MMcf) :  0.00   
Est. Cum Water (Mbbl) :  0.00   

  

                                                     
                                                     
    Oil   Gas   Oil   Gas   Oil   Gas   Oil & Gas   Misc.   Costs   Taxes   Invest.   NonDisc. CF   Cum
    Gross   Gross   Net   Net   Price   Price   Rev. Net   Rev. Net   Net   Net   Net   Annual   Disc. CF
                                                     
2012   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     
                                                     
Rem.        0.00    0.00    0.00    0.00    0.00 0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
Total    0.0    0.00    0.00    0.00    0.00    0.00 0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
Ult.        0.00    0.00                                         
                        Eco. Indicators                            
                    Return on Investment (disc) :   0.000    Present Worth Profile (M$)             
                    Return on Investment (undisc) :   0.000    PW    5.00% :    0.00    PW    20.00% :    0.00 
                        Years to Payout :   0.00    PW    8.00% :    0.00    PW    30.00% :    0.00 
                    Internal Rate of Return (%) :   0.00    PW    10.00% :    0.00    PW    40.00% :    0.00 
                                PW    12.00% :    0.00    PW    50.00% :    0.00 
                                PW    15.00% :    0.00    PW    60.00% :    0.00 

 

TRC Standard Eco.rpt

 

6

 

 

 
 

 

Date : 01/18/2013    9:02:15AM        ECONOMIC SUMMARY PROJECTION    
Partner :    All Cases                Probable Behind Pipe Rsv Class & Category
Richfield YE2012 SEC
All Cases

Discount Rate :   10.00

As of :    12/31/2012

 

Est. Cum Oil (Mbbl) :  0.00   
Est. Cum Gas (MMcf) :  0.00   
Est. Cum Water (Mbbl) :  0.00   

 

        Oil   Gas   Oil   Gas   Oil   Gas   Oil & Gas   Misc.   Costs   Taxes   Invest. NonDisc. CF   Cum
        Gross   Gross   Net   Net   Price   Price   Rev. Net   Rev. Net   Net   Net   Net   Annual   Disc. CF
Year   (Mbbl)   (MMcf)   (Mbbl)   (MMcf)    ($/bbl)    ($/Mcf)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)
2012   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
2013   111.73    63.85    88.35    49.72    87.98    2.07    7,876.09    0.00    131.55    712.39    733.33    6,298.82    5,799.02 
2014   196.98    148.57    156.59    114.84    88.07    2.07    14,028.07    0.00    249.74    1,261.10    0.00    12,517.23    16,549.91 
2015   161.76    108.55    128.67    84.39    88.08    2.07    11,508.01    0.00    249.74    1,034.34    0.00    10,223.93    24,494.01 
2016   136.07    87.82    108.29    68.43    88.10    2.07    9,681.64    0.00    249.74    869.41    0.00    8,562.50    30,512.78 
2017   115.52    73.57    91.96    57.39    88.12    2.07    8,222.24    0.00    562.38    737.46    0.00    6,922.41    34,918.69 
2018   99.52    63.29    79.24    49.40    88.14    2.07    7,086.52    0.00    1,020.81    634.72    0.00    5,430.99    38,046.88 
2019   86.58    48.44    68.95    38.09    88.17    2.07    6,158.16    0.00    1,392.81    550.96    0.00    4,214.39    40,242.17 
2020   76.07    34.21    60.59    27.29    88.20    2.07    5,400.61    0.00    1,597.17    482.58    0.00    3,320.86    41,807.26 
2021   62.67    30.40    50.00    24.25    88.45    2.07    4,472.31    0.00    1,402.84    393.64    0.00    2,675.84    42,947.87 
2022   56.22    27.27    44.84    21.75    88.45    2.07    4,011.38    0.00    1,402.84    353.07    0.00    2,255.48    43,817.86 
2023   50.62    24.55    40.37    19.58    88.45    2.07    3,611.18    0.00    1,402.84    317.84    0.00    1,890.50    44,477.75 
2024   45.75    22.19    36.48    17.69    88.45    2.07    3,263.04    0.00    1,402.84    287.20    0.00    1,573.00    44,974.63 
2025   41.14    19.95    32.80    15.91    88.45    2.07    2,933.70    0.00    1,402.84    258.21    0.00    1,272.65    45,338.36 
2026   37.12    18.00    29.58    14.35    88.45    2.07    2,646.26    0.00    1,402.84    232.91    0.00    1,010.51    45,599.75 
 
 
 
Rem.    149.67    72.59    117.66    57.06    88.45    2.07    10,525.00    0.00    6,478.56    926.37    0.00    3,120.07    567.29 
Total    30.0    1,427.41    843.23    1,134.38    660.13    88.21    2.07    101,424.22    0.00    20,349.49    9,052.21    733.33    71,289.19    46,167.04 
Ult.        1,427.41    843.23                                             

 

  Eco. Indicators                             
  Return on Investment (disc) :    66.569    Present Worth Profile (M$)             
  Return on Investment (undisc) :    98.213    PW    5.00% :    56,456.94    PW    20.00% :    32,976.76 
  Years to Payout :    0.51    PW    8.00% :    49,873.89    PW    30.00% :    24,968.21 
  Internal Rate of Return (%) :    590.95    PW    10.00% :    46,167.04    PW    40.00% :    19,636.86 
          PW    12.00% :    42,897.98    PW    50.00% :    15,861.06 
          PW    15.00% :    38,664.35    PW    60.00% :    13,066.48 

 

TRC Standard Eco.rpt

 

7

 

 
 

 

Date : 01/18/2013    9:02:15AM        ECONOMIC SUMMARY PROJECTION    
Partner :    All Cases                Probable Non-Producing Rsv Class & Category 
Richfield YE2012 SEC
All Cases

Discount Rate :   10.00

As of :    12/31/2012

 

 

Est. Cum Oil (Mbbl) :  0.00   
Est. Cum Gas (MMcf) :  0.00   
Est. Cum Water (Mbbl) :  0.00   

 

        Oil   Gas   Oil   Gas   Oil   Gas   Oil & Gas   Misc.   Costs   Taxes   Invest. NonDisc. CF   Cum
        Gross   Gross   Net   Net   Price   Price   Rev. Net   Rev. Net   Net   Net   Net   Annual   Disc. CF
Year   (Mbbl)   (MMcf)   (Mbbl)   (MMcf)    ($/bbl)    ($/Mcf)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)
2012   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
2013   37.23    1.50    27.23    1.17    89.10    2.07    2,428.72    0.00    108.70    214.09    773.19    1,332.74    1,234.91 
2014   27.50    2.25    20.57    1.75    88.95    2.07    1,833.72    0.00    175.29    161.70    0.00    1,496.73    2,526.97 
2015   15.76    1.13    11.76    0.88    89.04    2.07    1,048.79    0.00    175.29    92.45    0.00    781.06    3,135.38 
2016   11.23    0.76    8.37    0.60    89.08    2.07    747.01    0.00    175.29    65.83    0.00    505.89    3,491.59 
2017   8.71    0.58    6.49    0.45    89.10    2.07    579.38    0.00    175.29    51.06    0.00    353.03    3,716.38 
2018   7.14    0.46    5.32    0.36    89.11    2.07    474.66    0.00    175.29    41.82    0.00    257.54    3,864.74 
2019   6.05    0.39    4.51    0.30    89.12    2.07    402.20    0.00    175.29    35.44    0.00    191.47    3,964.53 
2020   5.26    0.33    3.92    0.26    89.13    2.07    349.92    0.00    175.29    30.83    0.00    143.80    4,032.34 
2021   4.63    0.29    3.45    0.23    89.14    2.07    308.22    0.00    175.29    27.16    0.00    105.77    4,077.47 
2022   4.15    0.26    3.09    0.20    89.14    2.07    276.06    0.00    175.29    24.32    0.00    76.45    4,106.99 
2023   3.76    0.23    2.80    0.18    89.15    2.07    249.99    0.00    175.29    22.03    0.00    52.68    4,125.40 
2024   2.60    0.05    1.90    0.04    89.39    2.07    169.54    0.00    116.20    14.92    0.00    38.41    4,137.54 
2025   1.96    0.00    1.41    0.00    89.62    0.00    126.42    0.00    86.61    11.12    0.00    28.70    4,145.74 
2026   1.82    0.00    1.31    0.00    89.62    0.00    117.32    0.00    86.61    10.32    0.00    20.39    4,151.02 
 
 
 
Rem.    5.73    0.00    4.09    0.00    89.49    0.00    366.15    0.00    313.19    32.22    0.00    20.74    4.71 
Total    18.1    143.54    8.24    106.22    6.43    89.10    2.07    9,478.09    0.00    2,464.21    835.29    773.19    5,405.40    4,155.73 
Ult.        143.54    8.24                                             

 

  Eco. Indicators                             
  Return on Investment (disc) :    6.555    Present Worth Profile (M$)             
  Return on Investment (undisc) :    7.991    PW    5.00% :    4,706.13    PW    20.00% :    3,344.33 
  Years to Payout :    0.44    PW    8.00% :    4,361.19    PW    30.00% :    2,772.55 
  Internal Rate of Return (%) :    381.68    PW    10.00% :    4,155.73    PW    40.00% :    2,345.63 
          PW    12.00% :    3,967.06    PW    50.00% :    2,013.43 
          PW    15.00% :    3,711.23    PW    60.00% :    1,747.00 

 

TRC Standard Eco.rpt

 

8

 

 
 

  

Date : 01/18/2013    9:02:15AM        ECONOMIC SUMMARY PROJECTION    
Partner :    All Cases                Probable Undeveloped Rsv Class & Category 
Richfield YE2012 SEC
All Cases

Discount Rate :   10.00

As of :    12/31/2012

 

 

Est. Cum Oil (Mbbl) :  0.00   
Est. Cum Gas (MMcf) :  0.00   
Est. Cum Water (Mbbl) :  0.00   

 

        Oil   Gas   Oil   Gas   Oil   Gas   Oil & Gas   Misc.   Costs   Taxes   Invest. NonDisc. CF   Cum
        Gross   Gross   Net   Net   Price   Price   Rev. Net   Rev. Net   Net   Net   Net   Annual   Disc. CF
Year   (Mbbl)   (MMcf)   (Mbbl)   (MMcf) ($/bbl) ($/Mcf)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)
2012   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
2013   141.86    69.43    108.97    53.28    88.45    2.07    9,748.69    0.00    93.83    858.00    5,130.00    3,666.85    3,308.48 
2014   420.83    311.40    322.11    234.40    88.85    2.07    29,102.66    0.00    444.52    2,548.58    8,100.00    18,009.56    18,450.59 
2015   351.23    257.00    270.16    194.59    88.77    2.07    24,385.53    0.00    370.97    2,136.53    0.00    21,878.03    35,464.83 
2016   273.92    195.12    211.07    147.98    88.74    2.07    19,035.88    0.00    316.98    1,668.51    0.00    17,050.39    47,454.36 
2017   225.31    159.14    173.70    120.76    88.73    2.07    15,661.88    0.00    389.08    1,372.96    0.00    13,899.84    56,294.75 
2018   192.42    135.64    148.36    102.93    88.73    2.07    13,375.78    0.00    1,203.58    1,172.60    0.00    10,999.61    62,642.12 
2019   168.24    118.70    129.70    90.07    88.72    2.07    11,694.05    0.00    3,792.41    1,025.16    0.00    6,876.48    66,223.64 
2020   150.04    106.11    115.65    80.49    88.73    2.07    10,427.58    0.00    3,793.71    914.11    0.00    5,719.76    68,918.72 
2021   134.61    95.55    103.73    72.45    88.73    2.07    9,353.29    0.00    3,786.83    819.90    0.00    4,746.56    70,942.10 
2022   121.69    86.89    93.73    65.85    88.73    2.07    8,453.18    0.00    3,781.47    740.94    0.00    3,930.77    72,458.47 
2023   110.24    79.37    84.85    60.10    88.74    2.07    7,654.32    0.00    3,777.06    670.85    0.00    3,206.42    73,577.88 
2024   100.29    72.95    77.13    55.20    88.75    2.07    6,959.82    0.00    3,773.49    609.90    0.00    2,576.43    74,391.94 
2025   90.88    66.91    69.83    50.57    88.76    2.07    6,302.78    0.00    3,770.16    552.23    0.00    1,980.38    74,958.13 
2026   82.71    61.72    63.48    46.60    88.77    2.07    5,731.92    0.00    3,767.41    502.12    0.00    1,462.38    75,336.59 
 
 
 
Rem.    270.08    360.84    194.61    262.55    89.57    2.07    17,975.13    0.00    7,177.79    1,556.77    0.00    9,240.56    1,318.36 
Total    30.0    2,834.36    2,176.75    2,167.08    1,637.81    88.82    2.07    195,862.49    0.00    40,239.30    17,149.17    13,230.00    125,244.03    76,654.95 
Ult.        2,834.36    2,176.75                                             

 

  Eco. Indicators                             
  Return on Investment (disc) :    7.365    Present Worth Profile (M$)             
  Return on Investment (undisc) :    10.467    PW    5.00% :    96,010.92    PW    20.00% :    52,403.37 
  Years to Payout :    1.21    PW    8.00% :    83,565.99    PW    30.00% :    37,858.61 
  Internal Rate of Return (%) :    >1000    PW    10.00% :    76,654.95    PW    40.00% :    28,310.63 
          PW    12.00% :    70,603.27    PW    50.00% :    21,689.51 
          PW    15.00% :    62,811.53    PW    60.00% :    16,921.28 

 

TRC Standard Eco.rpt

 

9

 

 
 

 

Date : 01/18/2013    9:02:15AM        ECONOMIC SUMMARY PROJECTION    
Partner :    All Cases                Probable Injection Rsv Class & Category
Richfield YE2012 SEC
All Cases

Discount Rate :   10.00

As of :    12/31/2012

  

 

Est. Cum Oil (Mbbl) :  0.00   
Est. Cum Gas (MMcf) :  0.00   
Est. Cum Water (Mbbl) :  0.00   

 

        Oil   Gas   Oil   Gas   Oil   Gas   Oil & Gas   Misc.   Costs   Taxes   Invest. NonDisc. CF   Cum
        Gross   Gross   Net   Net   Price   Price   Rev. Net   Rev. Net   Net   Net   Net   Annual   Disc. CF
Year   (Mbbl)   (MMcf)   (Mbbl)   (MMcf)     ($/bbl)     ($/Mcf)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)   (M$)
2012   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
2013   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    1,574.56    -1,574.56    -1,486.15 
2014   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    1,230.57    -1,230.57    -2,574.52 
2015   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    -2,574.52 
2016   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    -2,574.52 
2017   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    -2,574.52 
2018   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    -2,574.52 
2019   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    -2,574.52 
2020   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    -2,574.52 
2021   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    -2,574.52 
2022   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    -2,574.52 
2023   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    -2,574.52 
2024   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    -2,574.52 
2025   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    -2,574.52 
2026   0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    -2,574.52 
 
 
 
Rem.    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00 
Total    17.0    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    0.00    2,805.13    -2,805.13    -2,574.52 
Ult.        0.00    0.00                                             

 

Eco. Indicators                             
Return on Investment (disc) :    0.000   Present Worth Profile (M$)             
Return on Investment (undisc) :    0.000   PW    5.00% :    -2,686.81    PW    20.00% :    -2,366.74 
Years to Payout :    0.00   PW    8.00% :    -2,618.73    PW    30.00% :    -2,179.34 
Internal Rate of Return (%) :    < 0   PW    10.00% :    -2,574.52    PW    40.00% :    -2,010.17 
        PW    12.00% :    -2,531.22    PW    50.00% :    -1,857.30 
        PW    15.00% :    -2,467.93    PW    60.00% :    -1,719.01 

 

TRC Standard Eco.rpt

 

10