Royalty ownership Neal Lease in Hockley County

Not sure what part of the county, wondering if there is activity there?

Dana,

Since January 1, 2013 there has been 7 permits issued for wells to be drilled in Hockley County, Texas.

Approved 01/03/2013 Submitted 12/31/2012 753902 219-37265 CANAN MOWREY OPERATING, LLC (129008) SPADE A 2 8A HOCKLEY Vertical New Drill - 12,000'

Approved 01/09/2013 Submitted 12/31/2012 753909 219-37266 CANAN MOWREY OPERATING, LLC (129008) SPADE A 3 8A HOCKLEY Vertical New Drill - 12,000'

Approved 01/15/2013 Submitted 01/10/2013 754516 219-37267 PETROPLEX ENERGY INC. (660886) NICOLE '3' 1 8A HOCKLEY Vertical New Drill - 11,000'

Approved 01/24/2013 Submitted 01/18/2013 747803 219-37258 ROGERS, S. K. OIL, INC. (725013) BAILEY 5 8A HOCKLEY Directional New Drill- 8,700'

Approved 02/01/2013 Submitted 11/20/2012 751952 219-37263 ROCKER A OPERATING COMPANY (722932) SLAUGHTER, A. A. ESTATE 167 8A HOCKLEY Vertical New Drill - 6,600'

Approved 02/01/2013 Submitted 11/20/2012 751953 219-37264 ROCKER A OPERATING COMPANY (722932) SLAUGHTER, A. A. ESTATE 168 8A HOCKLEY Vertical New Drill - 6,600'

Approved 02/02/2013 Submitted 01/24/2013 755491 219-37268 CANAN MOWREY OPERATING, LLC (129008) SPADE D 2 8A HOCKLEY Vertical New Drill - 13,000'

Clint Liles

Thanks for your response, I was curious as offers for my royalty interest have increased from $11000 to $49000, and I was wondering if something was up I will need to keep up with my legal discription I guess to be able to see what is happening. Rogers is My operator but I haven't had any contact for leasing activity.

Clint Liles said:

Dana,

Since January 1, 2013 there has been 7 permits issued for wells to be drilled in Hockley County, Texas.

Approved 01/03/2013 Submitted 12/31/2012 753902 219-37265 CANAN MOWREY OPERATING, LLC (129008) SPADE A 2 8A HOCKLEY Vertical New Drill - 12,000'

Approved 01/09/2013 Submitted 12/31/2012 753909 219-37266 CANAN MOWREY OPERATING, LLC (129008) SPADE A 3 8A HOCKLEY Vertical New Drill - 12,000'

Approved 01/15/2013 Submitted 01/10/2013 754516 219-37267 PETROPLEX ENERGY INC. (660886) NICOLE '3' 1 8A HOCKLEY Vertical New Drill - 11,000'

Approved 01/24/2013 Submitted 01/18/2013 747803 219-37258 ROGERS, S. K. OIL, INC. (725013) BAILEY 5 8A HOCKLEY Directional New Drill- 8,700'

Approved 02/01/2013 Submitted 11/20/2012 751952 219-37263 ROCKER A OPERATING COMPANY (722932) SLAUGHTER, A. A. ESTATE 167 8A HOCKLEY Vertical New Drill - 6,600'

Approved 02/01/2013 Submitted 11/20/2012 751953 219-37264 ROCKER A OPERATING COMPANY (722932) SLAUGHTER, A. A. ESTATE 168 8A HOCKLEY Vertical New Drill - 6,600'

Approved 02/02/2013 Submitted 01/24/2013 755491 219-37268 CANAN MOWREY OPERATING, LLC (129008) SPADE D 2 8A HOCKLEY Vertical New Drill - 13,000'

Clint Liles

Dana,

DON'T SELL YOUR MINERALS, UNLESS YOU'RE HURTING FOR MONEY. Just my opinion. Someone knows something you don't know. Hope you get a good producing well or two in the future.

Clint Liles

Dana Ryan said:

Thanks for your response, I was curious as offers for my royalty interest have increased from $11000 to $49000, and I was wondering if something was up I will need to keep up with my legal discription I guess to be able to see what is happening. Rogers is My operator but I haven't had any contact for leasing activity.

Clint Liles said:

Dana,

Since January 1, 2013 there has been 7 permits issued for wells to be drilled in Hockley County, Texas.

Approved 01/03/2013 Submitted 12/31/2012 753902 219-37265 CANAN MOWREY OPERATING, LLC (129008) SPADE A 2 8A HOCKLEY Vertical New Drill - 12,000'

Approved 01/09/2013 Submitted 12/31/2012 753909 219-37266 CANAN MOWREY OPERATING, LLC (129008) SPADE A 3 8A HOCKLEY Vertical New Drill - 12,000'

Approved 01/15/2013 Submitted 01/10/2013 754516 219-37267 PETROPLEX ENERGY INC. (660886) NICOLE '3' 1 8A HOCKLEY Vertical New Drill - 11,000'

Approved 01/24/2013 Submitted 01/18/2013 747803 219-37258 ROGERS, S. K. OIL, INC. (725013) BAILEY 5 8A HOCKLEY Directional New Drill- 8,700'

Approved 02/01/2013 Submitted 11/20/2012 751952 219-37263 ROCKER A OPERATING COMPANY (722932) SLAUGHTER, A. A. ESTATE 167 8A HOCKLEY Vertical New Drill - 6,600'

Approved 02/01/2013 Submitted 11/20/2012 751953 219-37264 ROCKER A OPERATING COMPANY (722932) SLAUGHTER, A. A. ESTATE 168 8A HOCKLEY Vertical New Drill - 6,600'

Approved 02/02/2013 Submitted 01/24/2013 755491 219-37268 CANAN MOWREY OPERATING, LLC (129008) SPADE D 2 8A HOCKLEY Vertical New Drill - 13,000'

Clint Liles

No I plan to hold on to them, they don't eat much.

Dana Ryan said:

Thanks for your response, I was curious as offers for my royalty interest have increased from $11000 to $49000, and I was wondering if something was up I will need to keep up with my legal discription I guess to be able to see what is happening. Rogers is My operator but I haven't had any contact for leasing activity.

Clint Liles said:

Dana,

Since January 1, 2013 there has been 7 permits issued for wells to be drilled in Hockley County, Texas.

Approved 01/03/2013 Submitted 12/31/2012 753902 219-37265 CANAN MOWREY OPERATING, LLC (129008) SPADE A 2 8A HOCKLEY Vertical New Drill - 12,000'

Approved 01/09/2013 Submitted 12/31/2012 753909 219-37266 CANAN MOWREY OPERATING, LLC (129008) SPADE A 3 8A HOCKLEY Vertical New Drill - 12,000'

Approved 01/15/2013 Submitted 01/10/2013 754516 219-37267 PETROPLEX ENERGY INC. (660886) NICOLE '3' 1 8A HOCKLEY Vertical New Drill - 11,000'

Approved 01/24/2013 Submitted 01/18/2013 747803 219-37258 ROGERS, S. K. OIL, INC. (725013) BAILEY 5 8A HOCKLEY Directional New Drill- 8,700'

Approved 02/01/2013 Submitted 11/20/2012 751952 219-37263 ROCKER A OPERATING COMPANY (722932) SLAUGHTER, A. A. ESTATE 167 8A HOCKLEY Vertical New Drill - 6,600'

Approved 02/01/2013 Submitted 11/20/2012 751953 219-37264 ROCKER A OPERATING COMPANY (722932) SLAUGHTER, A. A. ESTATE 168 8A HOCKLEY Vertical New Drill - 6,600'

Approved 02/02/2013 Submitted 01/24/2013 755491 219-37268 CANAN MOWREY OPERATING, LLC (129008) SPADE D 2 8A HOCKLEY Vertical New Drill - 13,000'

Clint Liles

$11,000 to $49,000 just because you didn't say yes, almost 450% of the first offer. No, is one of the best negotiating words I know.