Solid Rock Oil & Gas, LLC, et al

Steadfast Operated Working Interest

Dawson County, Texas

Operated by:

• 651.17 Gross Acres

• 638.28 Net Acres

• 94.00% -100.00% Working Interest

• 72.1041% -82.0313% Net Revenue Interest

• Operated by Steadfast Oil & Gas, LLC

• San Andres Waterflood

• 10 Producing Vertical Wells

• 8 Active SWD Wells/Injectors

• Infill Vertical Development Potential

• Horizontal San Andres Potential

• Average Daily Production (All Wells: 01/2022):

  • 37 BOPD (Gross)  29 BOPD (Net)
    (Includes Multiple SI Days Due to Low Temps)
    42 BOPD (Gross)  33 BOPD (Net) (01/23-01/31)

• Average Net Income(09-11/2021):

  • ~$45,500 / Month (WTI Avg Price $77.32/BO)

• PDP 2022 Est. Average Net Income:

  • ~$56,550 / Month