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Rayland

03/11/11 8:18 AM

#8373 RE: bikaver #8372

Bysd owned wells on there leased Oil,Gas and mineral leases

This field is located in Caldwell County. The lease contains 29 production wells and 1 saltwater disposal well. The field produces from the Austin Chalk and Buda formations from an approximate depth of 2,700’. The wells on the lease have been shut-in for some time and will require remediation. Further, Bayside plans to treat each well with a dendritic frac by pumping fresh water into the producing zone thereby flushing the fines that have migrated around the well bore and limited fluid entry. We expect a minimum of 100 bopd and have projected a potential 250-300 bopd. Also, a significant number of additional wells can be drilled on this lease. Remedial work was performed on the lease earlier this year and will resume shortly.

We are currently tring to get a PDF file to con firm this for the board ...It has some kind of protection on it not allowing me to down load it to I Hub...