Friendly Energy Exploration - Byler Lease

The Byler Lease totals 372 acres of which approximately 57% is in a defined Fry Sand oil field. Of the 17 wells, two are water injection wells, 11 are Fry Sand wells and four are Marble Falls Limestone wells. Of the Fry Sand wells, we expect to rework only five. Of the Marble Falls Limestone wells, we expect to rework only two, because one had a tool dropped down the hole and the other will probably be uneconomic to rework. It may be feasible to drill some of the Fry Sand wells deeper and re-complete in the Caddo or Marble Falls. There are a number of opportunities for in-fill drilling.