Big Star
Working Interest: 90% Before Payout / 75% After Payout

Big Star is located in the expanding northern fairway of the main Wolfberry producing trend within Southern Dawson County. Antares Energy’s current net acres are 14,360 acres with 4 active producing wells. Potentially 359 locations on 40 acre spacing remain to be drilled in the current footprint. Primary reservoir objectives are Spraberry, Dean, Wolfcamp, Cline, Strawn, Mississippian, and Woodford formations at maximum depths of approximately 11,200ft. No reserves are currently associated with Big Star however EUR’s per well are expected to be 125-175 MBOE with 3P Net Reserves Potential of 34-47 MMBOE.

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 Summary:

• Currently over 19,145 gross (14,360 net) acres
• Leasing negotiations ongoing
• 11,200’ wells: Clear Fork, Spraberry, Dean, Wolfcamp, Cline, Strawn, Mississippian & Woodford
• 475+ gross drilling locations on 40 acre spacing.
• Currently evaluating initial well results
• No reserves are currently associated with Big Star
• Four additional wells planned in the short term.