Mustang Field (Southern Miluveach Unit) - 3P Reserves of 38 MMBO; amid the Super Basin

• 8960 net development acres
• Common horizon and pressure communication with ConocoPhilips' Kuparuk River Unit (2.9 Billion barrels recovered to date)
• The Kuparuk -2M drill pad adjacent to Mustang and in the same field and reservoir has produced 77 MMBO since 1992
• Permanent gravel road & pad in place
• Adjacent to common carrier pipeline
• Reserves of approximately 38 MMBO (3P) with a further upside of 310 MMBO in adjoining leases
• Completed flow test of 1,200 BOPD in November 2017