Ten (10) New Permits -- The Bakken, North Dakota, USA

Daily activity report, December 14, 2011 --

Operators: Whiting (3), BEXP (3), Liberty (2) Corinthian, GMX Resources

Fields: Big Stick, North Creek, Alger, Bottineau, Pleasant Hill, Tyrone

GMX Resources has a wildcat in Billings County.

Liberty has permits for two wells in Tyrone oil field in Williams County. Tyrone is an interesting field: 42 sections, northwest of Williston, 36 sections in T156N-R101W.

Three wells released from confidential status today have all been completed; based on IPs, the wells were mediocre.

Oasis transferred two of its wells in McLean County to Mann Enterprises; no big deal; Mann Enterprises is in the salt water disposal business. Mann Enterprises, LLC, has three wells in North Dakota:

• 12946, IA, Zahnow Federal 42-35
• 14601, SWD, McKenzie Federal 35-1
• 90172, SWD, TGIM Disposal 1

Texas Crude Energy, Inc, transferred seven (7) wells to Ballantyne Oil, older wells.