Friendly Energy Exploration (fka FEGR)

[TPX]

Friendly Energy Services, Inc. D. R. HUTCHINS Lease Form W-1

Form W-1
Status #: 694523 - 99
API #: 049-33528
Operator: 286572 - FRIENDLY ENERGY SERVICES, INC.
Issued: 04/26/2010, Filed: Online
Lease Name: D. R. HUTCHINS
Well #: 1, District: 7B, County: BROWN
Filing Purpose: Reenter
Wellbore Profiles: Vertical
Status: Approved

General / Location Information

Basic Information:
Filing Purpose / Reenter
Wellbore Profiles / Vertical
Lease Name / D. R. HUTCHINS
Well # / 1
Total Depth / 2850

Surface Location Information:
API # / 049-33528
Distance from Nearest Town / 4.0 miles
Direction from Nearest Town / N
Nearest Town / Bangs
Surface Location Type / Land

Survey/Legal Location Information:
Section / 35
Survey / H&TC RR CO/HOUSE, T W
Abstract # / 1886
County / BROWN

Perpendicular surface location from two nearest designated lines:
Perpendiculars / Survey Perpendiculars
Distance / 1300.0 feet
Direction / WEST
Distance / 1600.0 feet
Direction / SOUTH

Fields
District 7B
Field Name THRIFTY, S. (CHAPPEL REEF) Primary Field
Field # 89784500
Completion Depth 2700
Lease Name D. R. HUTCHINS
Well # 1
Well Type Oil or Gas
Acres 194.47
Distance to nearest well 0.0 feet
Distance to nearest Lease Line 520.0 feet
Pooled/Unitized N

Perpendiculars Surface Lease Lines
Distance 520.0 feet
Direction EAST
Distance 1280.0 feet
Direction NORTH

http://webapps2.rrc.state.tx.us/EWA/drillingPermitDetailAction.do?methodToCall=searchByUniversalDocNo&universalDocNo=486037660&rrcActionMan=H4sIAAAAAAAAAL1QO2-DMBD-Nelo2SYQlhtQlc59RM2AMjhwIpYMRmejtpJ_fA-qSinpnMmfv8e9kpISdFJSgXogaqomWj-8NtTW8gQL_4FnM45BC5ZFiCaiiJ9iCpusKiU7NGz00_5YMcxm2JJ1zg7dM1JvY3iZkL5-yorWs2kLPcaLbw_-0TjHRA6EcaLh4N_QUHNhqgR5M00dFrWiLojRkOnfjZtwGZJLnLGzQzjaOMflDnRZ5Lt5Ma71R1N69b_Orpqq-50g_K5ewGg6pKsV_72HOtVr3zwsqKRByZQx2IJMOb8FE7fpO1zzGw-wrQldAgAA#


Hutchins Lease: The Hutchins lease totals 194 acres of which approximately 30% is in defined oil fields. The Company’s lease is for the upper production zones included the Fry Sands. There were four Fry Sand wells which were plugged in 2001 when the operator had financial problems and oil and gas prices were very low. We expect to reenter the one of the Fry Sand wells. There is good potential for in-field drilling. A new tank farm and other infrastructure are needed on the Hutchins lease. As at December 31, 2012, there was no production on the property. The Hutchins #1 was drilled in May 1983 as a Wildcat. After drilling through three zones indicating excellent potential, the Hutchins encountered a hydrocarbon bearing formation at 2,280 feet. This had not been encountered in any other well in Brown County. The Hutchins well is credited with being the discovery well for one of the largest productive Mississippian reefs in the state of Texas. It is also credited as the discovery well for one of the most productive fields discovered in Brown County in the last half of the century. In 2009, the Company purchased, through its wholly-owned subsidiary, a 100% interest in oil and gas properties in central Texas.