Jordan Oil

PINTAIL PROSPECT

The Middle Frio sands in the area were deposited in a deep water slope environment with irregular seafloor topography. The result of these conditions were a series of gravity fed submarine sand channel systems which were
overlain by an excellent sealing deep water shale. The Middle Frio sands can be identified by PSTM 3-D seismic as a high impedance peak reflector that is associated with the occurrence of lithologic or facies change and are
apparently not the result of hydrocarbon effects (HCI’s). This system has been penetrated six times to date, with only one successful venture, which is currently producing in the area with a rate of 4 MMCF/Day & 436 BOPD and has produced over 7 BCF and 729,000 barrels of oil.



Jordan Oil Company has a 100% working interest in the acreage position. Jordan will make available to a Participant a working interest in the Prospect by paying for its proportionate share of the Initial Test Well on a 1/3 for 1/4 promoted basis to casing point election. Participant will reimburse Jordan for a proportionate share of $750,000 acreage costs on a ground floor basis to earn all depths in the Leases. The Prospect is available for review in Jordan Oil’s Houston office upon appointment and after the execution of a mutually agreeable Confidentiality Agreement. This offer is made subject to prior sale or withdrawal without notice. Jordan Oil Company reserves the right to accept or reject any and all offers.