Northern Star
Working Interest: 100%

Northern 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 12,400 acres with 2 active producing wells.  Potentially 310 locations on 40 acre spacing remain to be drilled in the current footprint.   Primary reservoir objectives are Clear Fork, Spraberry, Dean, Wolfcamp, Cline, Strawn, Mississippian, Woodford, and Devonian formations at maximum depths of approximately 12,500ft.  No reserves are currently associated with Northern Star however EUR’s per well are expected to be 125-175 MBOE with 3P Net Reserves Potential of 29-41 MMBOE.

Summary:

• 12,400 gross (12,400 net) acres
• 12,500’ wells: Clear Fork, Spraberry, Dean, Wolfcamp, Cline, Strawn, Mississippian, Woodford & Devonian
• 300+ drilling locations on 40 acre spacing.
• No reserves currently associated with Northern Star
• Currently evaluating initial results
• Three additional wells to be drilled in the first quarter of 2012.
• Increasing levels of permitting and drilling activity