UNIVERSITY '14'

Oil · District 08 · Lease #39004

Operator: TREY RESOURCES INC.

Fields: SHAFTER LAKE (SAN ANDRES)

Cum Oil

103k BBL

Cum Gas

15k MCF

casinghead

Wells

5

Production

2008-04 — 2014-10

Peak Month

2009-03

Production History

Cum Oil: 102,618 BBL Cum Gas: 15,432 MCF

RRC production reported through Apr 2026 · recent months incomplete

Decline Curve Analysis

qi

1,728 BBL/mo

Di (annual)

20.4%

b-factor

0.0

EUR

101,485 BBL

R-squared

0.377

type

exponential

Operator History (from monthly production reports)

2011-04 — 2015-01 TREY RESOURCES INC. 46 mo

2009-08 — 2011-03 NRPC OPERATING II, LLC 20 mo

2008-06 — 2009-07 PACESETTER ENERGY, LLC 14 mo

2008-04 — 2008-05 PACESETTER ENERGY, INC. 2 mo

Wells (5)

WELL#	API	OPERATOR	PERMITS	DEPTH	LAST_ISSUED
6	42-003-40625	RING ENERGY, INC.	1	6,000	2008-07-14
5	42-003-40494	RING ENERGY, INC.	2	6,000	2008-06-11
4	42-003-40490	RING ENERGY, INC.	1	6,000	2008-04-26
2	42-003-40353	RING ENERGY, INC.	1	5,000	2008-01-07
3	42-003-40350	RING ENERGY, INC.	1	5,000	2008-01-07