Undisclosed

Meagher Oil & Gas Properties Inc. has been retained to sell nonoperated interests in approximately 400 producing wells in Arkansas. The package includes a consistent 2.5% working interest (83% average net revenue interest) in 232 governmental sections in Cleburne, Conway, Faulkner, Independence, Pope, Van Buren and White counties. All acreage is held by production and all rights are being conveyed. Most of the wells are horizontal. Operators include Chesapeake Energy Corp. and Seeco. Projected net production for November is 6.6 million cubic feet per day. Net cash flow for the period is projected to be $1.13 million. Some 100 wells are currently being drilled or are completing, with an additional 690 horizontal wells to be drilled by the end of 2011. The bid due date is Nov. 20. The effective date is Nov. 1. The closing is Dec. 15. Contact Teri Williams, 918-481-5900, ext. 222.