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1 Zaengle Geoscience LLC Don Zaengle Geologist ZGSZGS DISCLAIMER The geologic and financial data in the following presentation was gathered from public.

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Presentation on theme: "1 Zaengle Geoscience LLC Don Zaengle Geologist ZGSZGS DISCLAIMER The geologic and financial data in the following presentation was gathered from public."— Presentation transcript:

1 1 Zaengle Geoscience LLC Don Zaengle Geologist ZGSZGS DISCLAIMER The geologic and financial data in the following presentation was gathered from public and private sources including state and federal imposed filing requirements. Zaengle Geoscience LLC and Don Zaengle make no warranty as to the enclosed data. Starlight Marcellus Shale Prospect Scott Township Wayne County PA Geologic Overview

2 The Starlight Marcellus Shale prospect is a 3,000 acre contiguous block located in Northeastern Pennsylvania available for natural gas exploration. This unleased acreage located in Scott and Buckingham Townships at the very north end of Wayne County is detailed in the geologic overview outlined in this presentation. This acreage is 28 miles northeast of the Cabot Oil & Gas Dimock, Pa. Marcellus Shale field which is currently producing 100 mmcfg/d. The prospect acreage would appear to be in the over-pressured dry gas window with Marcellus Shale greater than 200 API shale thickness of approximately 150 feet at 4,100 feet below sea level. Data would suggest that the Marcellus total organic carbon content is between 3 and 4 percent with thermal maturity Ro values between 2.5 and The data outlined in this report make this prospect a compelling opportunity. Please see the summary bullet points are outlined at the end of this presentation.

3 Starlight

4 Starlight Marcellus Shale Prospect 3,000 acres

5 5 Geologic Section Oswego Sst Oneida Sst ~ 13,000’ (R. Nyahay, J. Leone, L. Smith, J. Martin, D. Jarvie, 2007) Modified D. Zaengle 10/ Marcellus Shale

6 Cabot Susquehanna Field Epsilon HWY 706 field Oil & Gas Fields Pennsylvania Stage Coach Field Oriskany Sandstone Starlight

7 7 Marcellus Shale, Cherry Valley, NY Knapp #1, Belden & Blake Corp., 22906, TD = 5,242’, KB=1,720’, 7/01, Colesville twp., Broome cnty., NY 3.0 g/cc2.6 g/cc2.0 g/cc200 API 4,805’, -3,085’ 4,886’, -3,166’ 63’ 12’ 80’ Total High Gamma >200 API = 155’ Upper Marcellus Purcell Limestone Lower Marcellus Onondaga Limestone 4,670’, -2,950’ Marcellus Regional Top New York Marcellus > 200API 2.4 g/cc ZGSZGS

8 Carter Rd. Dimock PA Tennessee Pipeline 30” Rt Rt Rozanski #1 Teel #2 Teel #6Teel #7 Teel #5 Gasford #3 Heitsman H1 Black H1, H2 Brooks H1 Teel #1 Ely H4, H6 Ely H1, H5 Ely #2 Gasford #2 Hubbard #2 Hubbard #1 Greenwood #1 Cabot Oil & Gas, Susquehanna Marcellus Field, Dimock Pennsylvania (Program Results (Cabot 2009) First 15 vertical wells drilled 30-day average:1.045 MMcfd Average EUR:1.42 Bcf Field production : 100 Mmcf/d 100,000 mcfg x $4.75 mcf = $475,000 /day gross $173,375,000 / yr gross Lewis #2 Lewis #1 Horizontal wells IP30-dayEUR (Mmcfd)(Mmcfd)(Bcf) Ely #H Black #H Black #H Heitzman #H Teel #H8 7/23/ Hor. Well 16.1 Estimated Ultimated Recovery 5.5 Bcf 7/23/09 Vertical well, IP 4.2 Mmcfg/d, Completed 370’ interval Purcell Limestone Hor. Well, 30 day prod. 7.3 mmcfg/d

9 Total Organic Carbon TOC Thermal Maturity Ro Brittleness Natural Fractures Gas in Place Porosity Permeability Mineralogy Depth to Top Thickness Key Geologic Factors Starlight Prospect 9 Marcellus: Marcellus: Ro = 2.5 – 2.75 Dry Gas Window Marcellus: ? Marcellus: Bcf/sec Marcellus: 3 -5%, 0.01 – 1.0 md Marcellus: ? Marcellus: - 4,100’ Marcellus: ~ 100’ to 150’

10 Thermal Maturity Starlight

11 11 Gas in Place Marcellus Shale Regional Isopach, Engelder PSU, bcf/section 75 bcf/section 150 bcf/section Starlight

12 -3,000 ’ -4,000 ’ -5,000 ’ - 5,303 ’ - 3,337’ -2,950 ’ - 5,259 ’ Knapp #1, 22906, TD = 5,242’ Colesville twp, 155’>200 API Campbell #1, Gulf Oil, 04214, TD=10,992’ KB= 1,753’, 11/62 Hamden twp. 55’ >200 API Texas Eastern, Shandalee Hunting Club #1, TD= 9,995’, KB=1,819’, 11/71, Rockland twp 42’ >200 API Shell Oil, Pease #1, TD= 8,534 10/07/73, 205’ >200API Marcellus Shale Depth to Top >200 API Gamma Subsea CI = 500’ DGZ 3/10 Cabot’s Marcellus Susquehanna Field Epsilon Marcellus Hwy 706 Field Starlight Depth to Top Millennium pipeline

13 150 ’ 100 ’ 50 ’ Texas Eastern, Shandalee Hunting Club #1, TD= 9,995’, KB=1,819’, 11/71, Rockland twp 42’ >200 API Campbell #1, Gulf Oil, 04214, TD=10,992’ KB= 1,753’, 11/62 Hamden twp. 55’ >200 API Knapp #1, 22906, TD = 5,242’ Colesville twp, 155’>200 API Shell Oil, Pease #1, TD= 8,534 10/07/73, 205’ >200API Marcellus Shale >200 API Gamma Isopach CI = 50’ DGZ 3/10 Cabot’s Marcellus Susquehanna Field Epsilon Marcellus Hwy 706 Field Starlight Thickness Millennium pipeline

14 14 Knapp #1, Belden & Blake Corp.,22906, TD = 5,242’, 7-01 Colesville twp., Broome cnty., NY 200 API2.0 g/cc2.6 g/cc3.0 g/cc Onondaga Limestone (4,886, -3,166’) Lower Marcellus (4,805’,-3,085) Purcell Limestone Total High Gamma >200API = 155’ Top >200 API Gamma (4,670’, -2,950’) Upper Marcellus

15 15 Campbell #1, Gulf Oil, 04214, TD=10,992’ KB= 1,753’, 11/62 Hamden twp., Delaware cnty., NY Total high Gamma >200 API = 55’ Onondaga Limestone (5,150’, -3,397’) Marcellus Shale (5,090’, -3,337’) 55’

16 16 Type Log Cabot Oil & Gas Dimock PA (Marcellus Field) ~10 mi W Shell Oil, Pease #1, TD= 8,534’, Elev. =1,231’, 10/07/73, Susquehanna County, PA Purcell Limestone Onondaga Limestone 50’ 155’ 0 API200 API2.0 g/cc3.0 g/cc2.6 g/cc Lower Marcellus Upper Marcellus 6,683’ (- 5,452’) 6,835’ (- 5,604’) Total High Gamma> 200 API = 205’ Top >200 API Gamma (6,490’, -5,259’)

17 Onondaga Limestone (7,209’, -5,390’) Texas Eastern, Shandalee Hunting Club #1, TD= 9,995’, KB=1,819’, 11/71, Rockland twp., Sullivan Cnty, NY. Lower Marcellus Marcellus Thickness Total High Gamma ~ 42’ + Upper Marcellus ? Cherry Valley LS (7,162’,-5,343’) >200API Marcellus (7,122’,-5,303’)

18 18 Starlight Advantages Stacked Targets (Marcellus Shale, Utica Shale, Trenton Black River). Marcellus Shale > 200 API ’ thick at -4,100’ subsea (~5,600’, ave. elev. 1,500’). Marcellus Total Organic Carbon content 3.0 – 4.0%. Thermal Maturity, Ro values ~ 2.5 – 2.75 Within dry gas window, little if any processing required, high BTU value. 28 Miles NE of Cabot’s Dimock PA Marcellus Shale field currently producing 100 mmcfg/d. Millennium pipeline ~ 5 miles east. 3,000 + contiguous acres. New York Pricing Premium (Averaged $1.05 to NYMEX). Excellent Economics relative to other shale plays. Excellent Infrastructure (Railways, Roads). Abundant Water Resources. Rural area, sparsely populated, with pro-drilling landowners. Topography consists of gently rolling hills.


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