COLORADO HELIUM PROJECT

LAS ANIMAS CO., CO DEVELOPMENT

48,000 Net Acres.

PERMIAN LYONS FORMATION

HELIUM RICH AREA

5 New Helium Test Wells To Be Drilled

Target Depth 700-1,400 Ft

Purified Helium Spot Prices: $300-$400/Mcf

Seeking NonOp Partners

Small Concentrations Very Commercial

Nearby Wells w/ Commercial Helium %

Well AFE Cost: $259,000/Well

EA HAS ALREADY SOLD PARTIAL WI

40% NonOperated WI Left

CONTACT EAG FOR PROJECT INFO

DV 7997