TURNKEY COSTS: $19,350,000

NUMBER OF UNITS: 5

Program Summery of Phosphoria Project Investment

Location: River River Basin, Wyoming
Number of Wells: 5
Objective Formations: Phosphoria, Madison

Manager: United Exploration LLC
Operator: United Exploration LLC
EIN: 81-4765704

Estimated Cost Per Program Phase

PHASE ONE: $5,000,000

PHASE TWO: $850,000

PHASE THREE: $4,000,000

PHASE FOUR: $2,000,000

PHASE FIVE: $2,500,000

OIL & GAS ACRES: 50,000

ESTIMATED BARRELS: 300,000,000