South Texas Region

• Successful exploration program in 2003

  • Spent $15 million to drill 13 wells
  • 9 out of 13 wells successful
  • 7.4 Mmcfe per day average IP rate

South Texas

Reserves: 47 Bcfe - 8%

Daily Production: 10 Mmcfe – 8%

North Markham

Lopeno

JC Martin

Texas

• Successful exploration program in 2003
  • Spent $15 million to drill 13 wells
  • 9 out of 13 wells successful
  • 7.4 Mmcfe per day average IP rate
  • 2004 Budget -
    $15 million
    15 wells

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