Paloma Partners I

Focus Area

Lobo – South Texas

Dates

August 2006 to April 2008

Financial Partner

Macquarie Americas Corp
Silverhawk Energy, LLC

Project Highlights

Leased 16,000 net acres
Identified 89 Lobo drilling locations
Drilled and completed 16 wells
Exit production rate of 22 mmcfgpd

Disposition

Sold to Forest Oil Corporation