COHO Properties Acquisition
Purchase Price of $48.2 Million - $3.35 per Bbl – Closed August 29, 2002
Approximately 35 MMBbls of Potential from CO2 Flooding (Brookhaven/Soso)
Crude Marketing Advantage
Proved Reserves of 6.8 MMBOE at 6/30/03
Sold Laurel Field for $28 Million in February 2003
Unrecovered cost as of 6/30/03: $9.2 Million
COHO Fields Projected to be Sold