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NIOBRARA SHALE OIL PROJECT APPRAISAL PROGRAM UPDATE

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J Man   Wednesday, 09/21/11 12:38:14 PM
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NIOBRARA SHALE OIL PROJECT APPRAISAL PROGRAM UPDATE

On September 8th, Entek provided the following update on the Niobrara Shale Oil Project Appraisal Program in the Green River Basin.

Battle Mountain 14-10L – Pressure analysis has been performed on the first of the Niobrara zones to be tested in the well to refine the fracture stimulation program, which is on schedule for around 15th September 2011.

Slater Dome (SD) Federal 24-9DL – The decision was made to cease recovery operation in the original open-hole and to re-drill the Niobrara section in the well. A cement plug was set in the original open-hole section and the new sidetrack hole is currently being drilled at a depth of 4,700 ft, with total depth expected to be reached within the week, after which the well will be wire-line logged and cased and cemented in preparation for testing.

C&C Cattle 18-8 – DHS Rig 19 is set up on location and is expected to spud the well within the
next 24 hours. The decision to bring in a second drill rig for the third well, while DHS Rig 18 completes the 24-9 well, will ensure we have all three wells prepared for the October and
November fracture stimulation dates.

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