OPERATORS · TEXAS · P-5 NUMBER 650201

Pedernales Petroleum OP, LLC

WindowAll time 90 days 1 year 3 years 10 years

CountyPanola 119 Rusk 27 Harrison 11 Freestone 9 Cherokee 1

167 PERMITS · PAGE 2 OF 4 · BY ISSUE DATE

Issued	Permit	Type	County	Lease / well	Depth	Status	API	Operator change
Apr 3, 2006	616870	Recompletion	Panola	January "A" #3	4,170	—	36534535	Acquired from Delta Exploration Company, Inc.
Apr 3, 2006	616866	Recompletion	Panola	January #1	7,500	—	36533821	Acquired from Delta Exploration Company, Inc.
Mar 29, 2006	616558	Drill	Rusk	Still Gas Unit 1 #6	11,500	Final completion	40133893	Acquired from Stroud Energy, Ltd.
Mar 23, 2006	616245	Drill	Rusk	Acker Gas Unit 1 #2	11,500	Final completion	40133886	Acquired from Stroud Energy, Ltd.
Mar 3, 2006	614964	Drill	Rusk	Ferguson Gas Unit 1 #3	11,000	Final completion	40133861	Acquired from Stroud Energy, Ltd.
Feb 13, 2006	614080	Recompletion	Panola	Carroll, A.E. #3	6,851	—	36534209	Acquired from Delta Exploration Company, Inc.
Feb 13, 2006	614080	Recompletion	Panola	Carroll, A.E. #3	6,851	Final completion	36534209	Acquired from Delta Exploration Company, Inc.
Feb 8, 2006	613741	Drill	Rusk	Prince Gas Unit 1 #3	11,000	Final completion	40133842	Acquired from Stroud Energy, Ltd.
Jan 31, 2006	613334	Recompletion	Panola	Carroll, A. E. #2	10,000	Final completion	36530716	Acquired from Delta Exploration Company, Inc.
Jan 17, 2006	612399	Drill	Panola	Thomas #2	11,000	Final completion	36536025	Acquired from Basa Resources, Inc.
Jan 13, 2006	612373	Drill	Rusk	Still Gas Unit 1 #3	12,000	Final completion	40133801	Acquired from Stroud Energy, Ltd.
Jan 11, 2006	611909	Recompletion	Panola	Rudman & Genecov #2A	6,600	—	36500047	Acquired from Chevron U. S. A. Inc.
Dec 22, 2005	611440	Drill	Panola	Beckville Gas Unit #1	11,000	Final completion	36535999	Acquired from Stroud Energy, Ltd.
Nov 28, 2005	608071	Drill	Panola	Fleming #1	10,500	Final completion	36535928	Acquired from Basa Resources, Inc.
Nov 9, 2005	609238	Drill	Panola	Rudman-Genecov SWD #1	3,750	Final completion	36535948	Acquired from Chevron U. S. A. Inc.
Oct 27, 2005	608417	Drill	Panola	McJimsey Gas Unit #5	10,000	Final completion	36535937	Acquired from Stroud Energy, Ltd.
Oct 18, 2005	608066	Drill	Harrison	Terrell Gas Unit #1	10,100	Spudded	20333314	Acquired from Stroud Energy, Ltd.
Oct 18, 2005	608066	Drill	Harrison	Terrell Gas Unit #1	10,430	Final completion	20333314	Acquired from Stroud Energy, Ltd.
Oct 10, 2005	607604	Drill	Panola	Castleberry Heirs #1	10,500	Final completion	36535916	Acquired from Basa Resources, Inc.
Sep 13, 2005	606184	Drill	Panola	Genecov #7	10,500	Final completion	36535884	Acquired from Chevron U. S. A. Inc.
Sep 2, 2005	605717	Drill	Rusk	Still Gas Unit 1 #2	11,090	Final completion	40133672	Acquired from Stroud Energy, Ltd.
Sep 2, 2005	605715	Drill	Panola	Jenkins Gas Unit #4	10,500	Final completion	36535873	Acquired from Stroud Energy, Ltd.
Aug 31, 2005	603884	Drill	Rusk	Prince Gas Unit #2	11,000	Final completion	40133625	Acquired from Stroud Energy, Ltd.
Aug 10, 2005	604727	Drill	Panola	McJimsey Gas Unit #4	10,500	Final completion	36535846	Acquired from Stroud Energy, Ltd.
Jul 19, 2005	603578	Drill	Rusk	Ferguson Unit 1 #2	11,100	Final completion	40133617	Acquired from Stroud Energy, Ltd.
Jul 5, 2005	602996	Drill	Panola	Genecov #6	10,500	Final completion	36535806	Acquired from Chevron U. S. A. Inc.
Jun 28, 2005	602665	Drill	Panola	Jenkins Gas Unit #3	10,150	Final completion	36535801	Acquired from Stroud Energy, Ltd.
Apr 25, 2005	560994	Drill	Panola	McJimsey Gas Unit #3	10,100	Final completion	36535741	Acquired from Stroud Energy, Ltd.
Mar 30, 2005	559695	Drill	Panola	Jenkins Gas Unit #2	10,100	Final completion	36535699	Acquired from Stroud Energy, Ltd.
Jan 6, 2005	555578	Drill	Panola	Thomas #1	11,000	Final completion	36535604	Acquired from Basa Resources, Inc.
Dec 9, 2004	554622	Drill	Panola	Genecov #5	10,500	Final completion	36535589	Acquired from Rippy Oil Company
Nov 1, 2004	552470	Field transfer	Panola	Furrh Gas Unit #1	10,215	—	36534897	Acquired from Stroud Energy, Ltd.
Nov 1, 2004	552470	Recompletion	Panola	Furrh Gas Unit #1	10,215	Final completion	36534897	Acquired from Stroud Energy, Ltd.
Oct 21, 2004	552591	Recompletion	Panola	Genecov #3	10,350	—	36534761	Acquired from Rippy Oil Company
Sep 3, 2004	548818	Drill	Panola	Keeling #1	9,900	Final completion	36535440	Acquired from Pinkston Energy Corporation
Jul 14, 2004	548218	Drill	Panola	Genecov #4	11,000	Spudded	36535415	Acquired from Rippy Oil Company
Jul 14, 2004	548218	Drill	Panola	Genecov #4	10,300	Final completion	36535415	Acquired from Rippy Oil Company
Jul 14, 2004	548218	Drill	Panola	Genecov #4	10,300	—	36535415	Acquired from Rippy Oil Company
Jul 13, 2004	548138	Drill	Panola	Anderson, Maggie #2	11,000	Final completion	36535408	Acquired from Basa Resources, Inc.
May 10, 2004	545527	Drill	Panola	McJimsey Gas Unit #2	10,100	Final completion	36535347	Acquired from Stroud Energy, Ltd.
Mar 30, 2004	543830	Drill	Panola	Furrh Gas Unit #2	10,100	Final completion	36535305	Acquired from Stroud Energy, Ltd.
Jan 14, 2004	540734	Reenter	Panola	Genecov #3	10,350	—	36534761	Acquired from Rippy Oil Company
Jan 14, 2004	540734	Reenter	Panola	Genecov #3	10,350	Final completion	36534761	Acquired from Rippy Oil Company
Dec 5, 2003	539214	Drill	Panola	Thor #3	11,000	Final completion	36535202	Acquired from Basa Resources, Inc.
Nov 21, 2003	538885	Drill	Panola	Jenkins Gas Unit #1	10,500	Final completion	36535185	Acquired from Stroud Energy, Ltd.
Aug 27, 2003	535805	Drill	Panola	Mc. Jimsey Gas Unit #1	10,500	Final completion	36535107	Acquired from Stroud Energy, Ltd.
Dec 16, 2002	526355	Drill	Panola	Thor #2	10,000	Final completion	36534925	Acquired from Basa Resources, Inc.
Nov 1, 2002	525156	Drill	Panola	Furrh Gas Unit #1	10,000	Spudded	36534897	Acquired from Stroud Oil Properties, Inc.
Nov 1, 2002	525156	Drill	Panola	Furrh Gas Unit #1	10,215	Final completion	36534897	Acquired from Stroud Energy, Ltd.
Aug 28, 2002	522873	Recompletion	Panola	Wiener #2	7,100	Final completion	36533650	Acquired from Delta Exploration Company, Inc.