OPERATORS · TEXAS · P-5 NUMBER 328347

Graystone Energy Corporation

7 PERMITS · PAGE 1 OF 1 · BY ISSUE DATE

Issued	Permit	Type	County	Lease / well	Depth	Status	API	Operator change
Mar 1, 2004	542539	Drill	Taylor	Thornton Northeast #1	2,500	Final completion	44134095	Acquired from Gray Oil & Gas Inc.
Jul 13, 2000	497061	Drill	Taylor	Thornton, E. L. #3	2,000	Final completion	44133968	Acquired from Gray Oil & Gas Inc.
Jan 26, 2000	491288	Drill	Taylor	Thornton, E. L. #2	2,000	Final completion	44133940	Acquired from Gray Oil & Gas Inc.
Aug 2, 1999	486121	Drill	Taylor	Thornton, E. L. #1	2,000	Final completion	44133919	Acquired from Gray Oil & Gas Inc.
Nov 25, 1992	406374	Reenter	Taylor	Thornton, Bertie Trust #2	2,000	Final completion	44133495	Acquired from Stearns Operating Company
May 2, 1991	387206	Drill	Taylor	Thornton, Bertie #2	1,999	Plugged dry hole (P&A)	44133495	Acquired from Kapitan Energy, Inc.
Sep 13, 1990	377728	Drill	Taylor	Thornton, Bertie Trust #1	1,995	Final completion	44133459	Acquired from Kapitan Energy, Inc.