Marketed: Gungnir Resources, Codell / Niobrara Play, Northern D-J Basin

The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Gungnir Resources retained Meagher Energy Advisors for the sale of a contiguous acreage position in the Codell / Niobrara Play of the northern Denver-Julesburg (D-J) Basin in Wyoming’s Laramie, Goshen and Platte counties.

Highlights:

• 136,622 contiguous, overwhelmingly fee, rural net acres in Laramie, Goshen, and Platte Counties, Wyoming
• Offset well on confidential status rumored to have 30-day IP >500 bbl/d of oil
• 43 operated DSUs (85 permits) within the prospective area
• Primary target in the Codell sandstone with strong secondary targets in the Niobrara B and C chalks
• 3D seismic is available over most of the prospect
• Drilling depth = 7,500 ft – 8,500 ft
• Delineation of the play by Elk Mesa, Chipcore, Wave, North Peak and Ossidiana
• Analogous to Helis, Fairway and Silo Fields

Bids are due at Nov. 17. The transaction effective date is Dec. 1 with closing on Jan. 13.

For more information, visit meagheradvisors.com or contact Nick Asher at nasher@meagheradvisors.com or 303-721-9781.