Replies to post #670 on Escalera Resources Co. (fka ESCRQ)

[Warchest]

Escalera Resources holds interest in over 372,000 gross (115,600 net) acres, of which 83% is undeveloped in what we believe to be natural gas prone basins of the Rocky Mountains. Our holding includes acreage in the Washakie Basin, Powder River Basin, Greater Green River Basin and the Wind River Basin.

We currently own interests in over 1,000 producing wells. We are the operator at two fields; our flagship project at the Catalina Unit in the Atlantic Rim and a Waltman well in the Wind River Basin. In other fields, we’ve joined with strong industry partners such as ConocoPhillips and Warren Resources. Currently, our production volumes are 98% natural gas.

[Warchest]

We have engaged advisors to assist with the evaluation of our options to obtain alternative debit financing, improve our liquidity position and evaluate strategic alternatives. These strategic alternatives may include, but are not limited to, seeking a merger partner.