Oklahoma Development

0.35% to 27.5%

working interest with average net revenue interest 75% of W.I.

9,880

Total Lease Area (acres)

Oklahoma Production

27.5%

working interest with average net revenue interest 75% of W.I.

1,680

Gross Total Lease Area (acres)

Operations

Introduction

Northcote’s Lease Holdings and Producing Assets

Northcote owns the following rights to producing assets and drilling leases in Oklahoma:

Leases in Osage County, Oklahoma, totalling 1,680 acres with 10 producing leases,
and potential to add 1,000 acres with 14 additional producing leases.
Leases in Woods County, Oklahoma, covering 8,200 acres.

These assets are summarized in the table on the right.