NOVA LEASING, LLC
Sage Spring Creek East Project
Conventional and Unconventional
Multiple Target Formations

- Located on the southwestern edge of the Powder River Basin
- Significant oil and gas production well established in area
- Sage Spring Creek Field (16 MMBO/7.5BCF) to the west
- Salt Creek Field (673 MMBO/725 BCF) and Teapot East
Field (4.5MMBO) to the northwest
- Cole Creek Field (18 MMBO/607 MMCF) to the southwest
- Sand Dunes Field (20 MMBO/87 BCF) to the southeast
- Spearhead Ranch Field (7 MMBO/52 BCF) to the northeast
- Conventional and unconventional target formations
- Fox Hills, Parkman, Shannon, Niobrara, Frontier, Mowry,
Muddy, Dakota, Sundance, Tensleep, and Madison
- Vertical and horizontal wells adjacent to project acreage
- Project controlled by subsurface geology and 2D seismic data
- Estimated project potential
- 500,000 to 1+ MMBO per well / 10 to 30 MMBO for project
- 1 to 2+ BCF per well / 10 to 80 BCF for project
- ~18,400 gross acres / ~17,600 net acres
- 100% working interest / 80% net revenue interest
- Federal, state and fee leases
- Lease expirations late 2009 and beyond
- Federal units being planned for majority of acreage
- Leases cover all depths
- Existing transportation infrastructure in place
Converse and Natrona Counties, Wyoming

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