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7 Greystone Oil & Gas Rig Telephone Daily Summary Information Daily Cost Information Rig Information Well Name & No Report # Date MD TVD AFE AFE Amount Company Rep University AZ #1 7 4/26/ Gary Crownover Category Field ABS Footage Hours ROP WOB Daily Cost Cum Cost Toolpusher oil Emma Joe Bordayo County/Parish State Ftg Rotate Cum Ftg Ft Slide Cum Ft $14,365 $227,576 Contractor Andrews Texas Daily Mud Felderhoff Bros. Proposed MD Proposed TVD Hrs Rotate Cum Hrs Hrs Slide Cum Hrs Rig Telephone 4,700 4,700 #25 Casing Information Type OD ID Weight Grade Connection Top MD Conductor weld SURFACE 8 5/ J-55 STC 0 Intermediate Drlg Liner Production Top TVD Bot MD Bot TVD Shoe Test 40' 1805 Daily Activity Information Present 0600 Hrs 3022 From To Hrs RIG SERVICE 0:00 0: DRLG F/2145 TO FT/HR W/15K WT, 80 RPM, GPM, 1000 PSI PP DEVATION DEGREES DRLG F/2524 TO HR. FORWARD PLAN: DRILL 7 7/8 HOLE Total Hours 24.0 Diesel Received Diesel Total 1,540 Diesel Used 715 Diesel Left 825 Directional Survey Information MD ANGLE Azimuth TVD V S +N / -S +E / -W Closure Dist Closure Dir R + / L- Dlg Sev Current MT. CURRENT Previous Qty Item OD ID Conn Length REPORT # TIME 5:00 Bit No 1 1 BIT Date 4/26/2010 Size SS /8 REG Temperature Make VAREL 1 DC /8 REG TVD 3000 Serial RMR /16 6 5/8 REG 6.00 Weight 10.0 Type HEO4J 1 DC /8 REG Viscosity 29 Nozzles RMR /8 REG 7.09 PV Depth Out 1 DC /8 REG YP Depth In 1805 Gels Footage 1217 Filtrate 30 min N/C Hours 32.5 HTHP ROP 37 Cake 0 WOB 15 %Solids 0 Rot RPM 80 %Oil TFA %Water MM RPM %Sand Torque PH 9 Grade BHA Hrs 32.5 Total BHA MBT Pump & Hydraulics Information Mud Log Information BOP Test Pm COMBO Pump #1 Pump #2 Bg Gas Last Test 4/23/2010 Pf Type TRI Con Gas 35 Next Test Mf Liner 6 Tr Gas Test PSI Chloride Stroke 10 MAX 38 Safety Topic Calcium 4400 %Eff 600 RPM Gal/Strk 3.70 Lithology NO 300 RPM Bbl/Strk SPM 110 Est PP 95 ECD %Shale 10% %LGS Gal/Min %Sand Contractor System bbls Pressure 1000 %Lime 10% Service Co Mud Loss AV DP %Other 80% Co-Rep Cum Mud Loss AV DC DEPTH 3000 Totals Accident Personnel

8 Greystone Oil & Gas Rig Telephone Daily Summary Information Daily Cost Information Rig Information Well Name & No Report # Date MD TVD AFE AFE Amount Company Rep University AZ #1 9 4/28/ Gary Crownover Category Field ABS Footage Hours ROP WOB Daily Cost Cum Cost Toolpusher oil Emma Joe Bordayo County/Parish State Ftg Rotate Cum Ftg Ft Slide Cum Ft $14,103 $262,541 Contractor Andrews Texas Daily Mud Felderhoff Bros. Proposed MD Proposed TVD Hrs Rotate Cum Hrs Hrs Slide Cum Hrs Rig Telephone 4,700 4,700 $6,884 #25 Casing Information Type OD ID Weight Grade Conductor SURFACE 8 5/ J-55 Intermediate Drlg Liner Production Connection Top MD Top TVD Bot MD Bot TVD Shoe Test weld 40' STC Daily Activity Information Present 0600 Hrs DRILLING 7 7/8" HOLE TO TD From To Hrs DRLG F/3762 TO :00 0: RIG SERVICE DRLG F/3826 TO DEVATION 4017' - 3/4 DEGREE DRLG F/4049TO 4207 DRLG W/30K,65 RPM, 112 SPM, 400 GPM, 1250 PSI PP. 24 HR FORWARD PLAN: POOH 5 JTS, REPLACE HYDRAULIC MOTOR AND CONTINUE DRLG 7 7/8 HOLE TO TD Total Hours 24.0 Diesel Received 2,501 Diesel Total 3,325 Diesel Used 935 Diesel Left 1,485 Directional Survey Information MD ANGLE Azimuth TVD V S +N / -S +E / -W Closure Dist Closure Dir R + / L- Dlg Sev Current MT. CURRENT Previous Qty Item OD ID Conn Length REPORT # TIME 0:00 Bit No 1 1 BIT Date 4/28/2010 Size SS /8 REG Temperature Make VAREL 1 DC /8 REG TVD 4090 Serial RMR /16 6 5/8 REG 6.00 Weight 10.0 Type HEO4J 1 DC /8 REG Viscosity 29 Nozzles RMR /8 REG 7.09 PV Depth Out 1 DC /8 REG YP Depth In 1805 Gels Footage 2402 Filtrate 30 min N/C Hours 77.5 HTHP ROP 31 Cake 0 WOB 30 %Solids 0 Rot RPM 65 %Oil TFA %Water MM RPM %Sand Torque PH 10.0 Grade BHA Hrs 77.5 Total BHA MBT Pump & Hydraulics Information Mud Log Information BOP Test Pm.1 COMBO Pump #1 Pump #2 Bg Gas 19-Feb Last Test 4/23/2010 Pf.1 Type TRI Con Gas 0 Next Test Mf.3 Liner 6 Tr Gas Test PSI Chloride Stroke 10 MAX 50 Safety Topic SPM 112 Est PP COMMUNICATION Calcium 4400 %Eff 95 ECD Accident 600 RPM Gal/Strk 3.70 Lithology NO 300 RPM Bbl/Strk %Shale 60% Personnel %LGS Gal/Min %Sand Contractor 10 System bbls Pressure 1100 %DOLO 30% Service Co 2 Mud Loss AV DP 225 % LIME 10% Co-Rep 1 Cum Mud Loss AV DC 361 DEPTH 4206 Totals 13

9 Greystone Oil & Gas Rig Telephone Daily Summary Information Daily Cost Information Rig Information Well Name & No Report # Date MD TVD AFE AFE Amount Company Rep University AZ #1 10 4/29/ Gary Crownover Category Field ABS Footage Hours ROP WOB Daily Cost Cum Cost Toolpusher oil Emma Joe Bordayo County/Parish State Ftg Rotate Cum Ftg Ft Slide Cum Ft $15,889 $278,431 Contractor Andrews Texas Daily Mud Felderhoff Bros. Proposed MD Proposed TVD Hrs Rotate Cum Hrs Hrs Slide Cum Hrs Rig Telephone 4,700 4,700 $4,920 $11,804 #25 Casing Information Type OD ID Weight Grade Connection Top MD Top TVD Bot MD Bot TVD Shoe Test Conductor weld 40' SURFACE 8 5/ J-55 STC Intermediate Drlg Liner Production Daily Activity Information Present 0600 Hrs DRLG 7 7/8 HOLE From To Hrs DRLG F/4207 TO :00 0: RIG REPAIR- CHANGE OUT HYDROLIC PUMP & 2 HYDROLIC MOTORS ON TOP DRIVE DRLG F/4230 TO 4523 W/25K WT., 80 RPM, GPM, 1100 PSI PP DEVATION /2 DEGREE DRLG F/4523 TO 4711 START MUD HR FORWARD PLAN: DRILL TO TD (4737) CIRC & CONDITION MUD, TOH, LOG. Total Hours 24.0 Diesel Received 2,501 Diesel Total 3,325 Diesel Used 770 Diesel Left 715 Directional Survey Information MD ANGLE Azimuth TVD V S N / -S +E / -W Closure Dist Closure Dir R + / L- Dlg Sev Current MT. CURRENT Previous Qty Item OD ID Conn Length REPORT # TIME 0:00 Bit No 2 1 BIT Date 4/29/2010 Size 7 7/8 1 SS /8 REG Temperature Make VAREL 1 DC /8 REG TVD Serial RMR /16 6 5/8 REG 6.00 Weight 10.0 Type VTD616X 1 DC /8 REG Viscosity 38 Nozzles RMR /8 REG 7.09 PV Depth Out 1 DC /8 REG YP Depth In 1805 Gels Footage 2906 Filtrate 30 min Hours 93 HTHP ROP 31 Cake WOB 25 %Solids Rot RPM 80 %Oil TFA %Water MM RPM %Sand Torque PH 10 Grade BHA Hrs 93 Pf Total BHA MBT Pump & Hydraulics Information Mud Log Information BOP Test Pm Mf COMBO Type Pump #1 Pump #2 Bg Gas Last Test 4/23/2010 TRI Liner 6 SPM Con Gas 56 Next Test Test PSI Chloride Stroke 10 MAX 140 Safety Topic Calcium 4400 %Eff 95 Tr Gas 112 Est PP 600 RPM Gal/Strk 3.70 Lithology 300 RPM Bbl/Strk %Shale 10% ECD PPE Accident %LGS Gal/Min %Sand Contractor 10 System bbls Pressure 1100 %DOLO 80% Service Co NO Personnel Mud Loss AV DP 225 % LIME 10% Co-Rep 1 Cum Mud Loss AV DC 361 DEPTH 4700 Totals 19 8

10 Greystone Oil & Gas Rig Telephone Daily Summary Information Daily Cost Information Rig Information Well Name & No Report # Date MD TVD AFE AFE Amount Company Rep University AZ #1 11 4/30/ Gary Crownover Category Field ABS Footage Hours ROP WOB Daily Cost Cum Cost Toolpusher oil Emma WES DAVIS County/Parish State Ftg Rotate Cum Ftg Ft Slide Cum Ft $92,020 $370,451 Contractor Andrews Texas Daily Mud Felderhoff Bros. Proposed MD Proposed TVD Hrs Rotate Cum Hrs Hrs Slide Cum Hrs Rig Telephone 4,700 4,700 $7,228 $19,032 #25 Casing Information Type OD ID Weight Grade Connection Top MD Top TVD Bot MD Bot TVD Shoe Test Conductor weld 40' SURFACE 8 5/ J-55 STC Intermediate Drlg Liner Production 5 1/ J-55 LTC Daily Activity Information Present 0600 Hrs CIRCULATING 5 1/2 CSG From To Hrs DRLG F/4711 TO 4737 TD W/20K WT, 80 RPM, GPM, 1100 PSI PP 0:00 0: CIRC AND CONDITION MUD, PUMP HIGH VIS SWEEP, SPOT 50 BBLS HIGH VIS PILL ON BOTTOM TOH, LDDP & BHA RIG UP HOWCO WL, RUN SONIC, DUAL LATEROLOG, DENSITY, DUAL SPACED NEUTRON, & GR LOGS FROM 4733 WLTD TO 1800 W/NEUTRON & GR TO SURFACE RIG DOWN LOGGERS, RIG UP CSG CREWS RUN AND LAND 105 JTS. ( ') 5 1/2 15.5# J-55 LTC CSG 4736, CIRCULATE CSG, RIG UP HOWCO CMTERS. 24 HR FORWARD PLAN: CMT. CSG, NIPPLE DOWN BOP, SET SLIPS, JET PITS Total Hours 24.0 Diesel Received 2,501 Diesel Total 2,575 Diesel Used 725 Diesel Left 1,850 Directional Survey Information MD ANGLE Azimuth TVD V S N / -S +E / -W Closure Dist Closure Dir R + / L- Dlg Sev Current MT. CURRENT Previous Qty Item OD ID Conn Length REPORT # TIME 0:00 Bit No 2 Viscosity 36 Nozzles RMR /8 REG 7.09 Gels 5 7 Footage BIT Date 4/29/2010 Size 7 7/8 1 SS /8 REG Temperature Make VAREL 1 DC /8 REG TVD 4737 Serial RMR /16 6 5/8 REG 6.00 Weight 10.1 Type VTD616X 1 DC /8 REG PV 6 Depth Out DC /8 REG YP 16 Depth In 1805 Filtrate 30 min 8.0 Hours 93.5 HTHP ROP 31 Cake 1 WOB 25 %Solids 13 Rot RPM 80 %Oil TFA %Water 87 MM RPM %Sand 1 Torque PH 10.0 Grade BHA Hrs Pf.1 Total BHA MBT 12 Pump & Hydraulics Information Mud Log Information BOP Test Pm.1 COMBO Mf Type Pump #1 Pump #2 Bg Gas Last Test 4/23/2010 TRI 4 Liner 6 SPM Con Gas Next Test Test PSI Chloride Stroke 10 MAX Safety Topic Calcium 5200 %Eff 95 Tr Gas 112 Est PP 600 RPM Gal/Strk 3.70 Lithology 300 RPM Bbl/Strk %Shale ECD MIXING CHEMICALS Accident %LGS Gal/Min %Sand Contractor 10 System bbls Pressure 1100 %DOLO Service Co NO Personnel Mud Loss AV DP 217 % LIME Co-Rep 1 Cum Mud Loss AV DC 348 DEPTH Totals 26 15

11 Greystone Oil & Gas Rig Telephone Daily Summary Information Daily Cost Information Rig Information Well Name & No Report # Date MD TVD AFE AFE Amount Company Rep University AZ #1 12 5/1/ Gary Crownover Category Field ABS Footage Hours ROP WOB Daily Cost Cum Cost Toolpusher oil Emma Joe Bordayo County/Parish State Ftg Rotate Cum Ftg Ft Slide Cum Ft $11,697 $382,148 Contractor Andrews Texas Daily Mud Felderhoff Bros. Proposed MD Proposed TVD Hrs Rotate Cum Hrs Hrs Slide Cum Hrs Rig Telephone 4,700 4,700 #25 Casing Information Type OD ID Weight Grade Connection Top MD Top TVD Bot MD Bot TVD Shoe Test Conductor weld 40' SURFACE 8 5/ J-55 STC Intermediate Drlg Liner Production 7 7/ J-55 LTC Daily Activity Information Present 0600 Hrs From To Hrs CMT 5 1/2" CSG W/375 SKS ECONOCEM-C 11.9 PPG, 2.47 YLD, FB 250 SKS VERSACEM-C +.5% LAP-1.3% CFR-3,.25 #/SK D-AIR 3000, 14.4 PPG, 1.24 YLD, 8 BPM & PSI, DISPLACED W/112 BFW, BUMP PLUG TO 1700 PSI, FLTS HELD, W/FULL RETURNS THRU OUT JOB, RECIPRICATED 25' RIG DOWN CMTERS NIPPLE DOWN BOP SET SLIPS W/70K WT, CUT OFF CSG 1200 NU B SECTION W/ABANDAMENT CAP JET & CLEAN PITS RIG 1300, 4/30/2010 RDMO RT NOTIFIED CINDY W/TRRC OF PRODUCTION 8:15 AM 4/29/2010 Total Hours 5.5 Diesel Received 2,501 Diesel Total 3,325 Diesel Used 935 Diesel Left 1,485 Directional Survey Information MD ANGLE Azimuth TVD V S N / -S +E / -W Closure Dist Closure Dir R + / L- Dlg Sev Current MT. CURRENT Previous Qty Item OD ID Conn Length REPORT # TIME 0:00 Bit No 2 1 BIT Date Size 7 7/8 1 SS /8 REG Temperature Make VAREL 1 DC /8 REG TVD Serial RMR /16 6 5/8 REG 6.00 Weight Type VTD616X 1 DC /8 REG Viscosity Nozzles RMR /8 REG 7.09 PV Depth Out 1 DC /8 REG YP Depth In 1805 Gels Filtrate 30 min HTHP Footage Hours ROP Cake WOB %Solids Rot RPM %Oil TFA %Water MM RPM %Sand Torque PH Grade BHA Hrs Pf Total BHA MBT Pump & Hydraulics Information Mud Log Information BOP Test Pm Mf COMBO Type Pump #1 Pump #2 Bg Gas Last Test 4/23/2010 TRI Liner 6 SPM Con Gas Next Test Test PSI Chloride Stroke 10 MAX Safety Topic Calcium %Eff 95 Tr Gas 112 Est PP 600 RPM Gal/Strk 3.70 Lithology 300 RPM Bbl/Strk %Shale ECD Accident Personnel %LGS Gal/Min %Sand Contractor 10 System bbls Pressure 1100 %DOLO Service Co Mud Loss AV DP 225 % LIME Co-Rep 1 Cum Mud Loss AV DC 361 DEPTH Totals 13 2

12 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 5/13/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days County ANDREWS Mud, Chemicals and Fluids $12,075 $12,075 Location NW ODESSA 35 M Fuels & Lubricants Size Depth Rental Equipment $1,750 $1,750 Surf Csg ' Cementing Int Csg Trucking Liner Perforation and Wireline $9,596 $9,596 Prod Csg 5.50" 4736' Acidizing and Fracturing Tubing Engineering Supervision $1,000 $1,000 Tot. Jts on Loc Contract Labor $1,420 $1, FRAC TANKS $4,480 $4,480 TD 4736' Production Casing PBTD 4661' Tubing Wellhead $6,925 $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor Lift Equipment, packers, hangers Rig Number Equipment Construction Labor Pusher Tanks Operator Co. Rep. A.E. VICKERY Total $37,246 Cumulative Work Summary ND 11" 3K# X 7 1/16" 3K# TBG. HEAD. NU 11" 3K# X 7 1/16" 5K# TBG. HEAD. CAMERON PRESS. TEST TO 2800#. 10 MIN. OK. NU 7 1/16" 5K# FRAC VALVE. PRESS. TEST 5.50" CSG. TO 1000#. OK. MIRU APOLLO PERFORATORS INC. RAN GUAGE RING & JUNK BASKET F/ ' + RAN GAMMA RAY COLLAR LOG F/ '. APOLLO PERF. 5.50" CSG. IN THE SAN ANDRES FORM. 1 JS/FT. W/ A 120 DEGREE PHASED 3 1/18" CSG. GUN AS FOLLOWS: ' ( 5 HOLES ) ' ( 5 ) ' ( 5 ) ' ( 5 ) ' ( 5 ) ' ( 5 ) TOTAL OF 30 HOLES. RIGGED DOWN APOLLO WIRELINE HRS LOGGERS PBTD=4661'. CISDFN. SET 6 FRAC TANKS & NOW FILLING W/ 10# BRINE. 24 HR. PLAN: NU GOAT HEAD & ACIDIZE SAN ANDRES PERFS '. $37,246

13 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 5/14/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days County ANDREWS Mud, Chemicals and Fluids $12,075 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $70 $1,820 Surf Csg 8.625" 1805' Cementing Int Csg Trucking Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $8,712 $8,712 Tubing Engineering Supervision $1,000 $2,000 Tot. Jts on Loc Contract Labor $600 $2, FRAC TANKS $245 $4,725 TD 4736' Production Casing PBTD 4661' Tubing Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor Lift Equipment, packers, hangers Rig Number Equipment Construction Labor Pusher Tanks Operator Co. Rep. A.E. VICKERY Total $10,627 Cumulative $47,873 Work Summary NU 7 1/16" 5K# GOAT HEAD. PRESS. TEST LINES TO 4500#. OK. BJ ACIDIZE SAN ANDRES PERFS ' DOWN 5.50" CSG. W/ 2500 GALS. 15% NEFE HCL ACID + 50 RCNBS & FLUSHED W/ 113 BBLS. 10# BRINE. FORMATION 1924#. AVG. 6 BPM MAX 6 BPM. BALLED 3600#. 6 BPM ISICP=135# 5 MIN.=87# 10 MIN.=77# 15 MIN.=68# 60 MIN.=47#. SURGE BALLS OFF & SHUT IN. CISDFN, SAT, SUN, MON & TUES. ( -276 BLW LEFT TO REC. ) 1000 HRS HR. PLAN: CONTINUE HAULING WTR. FOR FRAC JOB. WATING ON FRAC CREW: WILL 0800 HRS

14 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 5/18/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days County ANDREWS Mud, Chemicals and Fluids $12,075 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $700 $2,520 Surf Csg 8.625" 1805' Cementing Int Csg Trucking Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $8,712 Tubing Engineering Supervision $1,000 $3,000 Tot. Jts on Loc Contract Labor $2, FRAC TANKS $780 $5,505 TD 4736' SLICKLINE $1,190 $1,190 PBTD 4661' Tubing Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor Lift Equipment, packers, hangers Rig Number Equipment Construction Labor Pusher Tanks Operator Co. Rep. A.E. VICKERY Total Cumulative Work Summary 95 HR. SICP=0# STRONG VACUUM. MIRU ARC PRESSURE DATA ARC RAN 4.57" GUAGE RING TO 4500'. POH W/ THE SAME. RIG DOWN ARC PRESSURE DATA. NU FLOW BACK MANIFOLD & LINES. CISDFN. ( -276 BLW LEFT TO RECOVER ) $3,670 $51, HR. PLAN: BJ WTR. & SAND FRAC SANDRES PERFS ' DOWN 5.50" 0800 HRS

15 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 5/19/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days County ANDREWS Mud, Chemicals and Fluids $12,075 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $70 $2,590 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,400 $1,400 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $69,445 $78,157 Tubing Engineering Supervision $1,000 $4,000 Tot. Jts on Loc Contract Labor $2, FRAC TANKS $450 $5,955 TD 4736' SLICKLINE $1,190 PBTD 4661' Tubing Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor Lift Equipment, packers, hangers Rig Number Equipment Construction Labor Pusher Tanks Operator Co. Rep. A.E. VICKERY Total $72,365 Cumulative $123,908 Work Summary 10 HR. SICP=0# VACUUM. MIRU BJ SERVICES 0930 HRS. BJ SAND & WTR. FRAC SAN ANDRES PERFS ' DOWN 5.50" CSG W/ 121,926 GALS. 10# BRINE # 20/40 BROWN PROP # 14/ C LITE PROP. PRO TECHNICS TAGGED PROP W/ 3 MCI IRIDIUM MCI SCANDIUM MCI ANTIMONY 124. AVG BPM MAX 54.8 BPM. ISICP=256# 5 MIN.=165# 10 MIN.=147# 15 MIN.=135# HRS ( BLW LFET TO REC. ) RIGGED DOWN BJ SERVICES. 1 HR. AFTER FRAC SICP=110#. FLOWED 141 BLW IN 6.5 HRS. ON VARIOUS SIZE CHOKES FCP=110-0# & DIED. LEFT OPEN TO TEST TANK 12 HRS. NO RECOVERY.( BLW LEFT TO REC.) 24 HR. PLAN: MIRU DD UNIT. RUN SINKER BAR & CHECK PBTD. RIH W/ PKR. ON 2.375" TBG. SET 4050' +-. SWAB TEST SAN ANDRES PERFS ' NOTE: WILL RUN AFTER FRAC 0800 HRS

16 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 5/20/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $3,200 $3,200 County ANDREWS Mud, Chemicals and Fluids $465 $12,540 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $3,750 $6,340 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $350 $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,000 $5,000 Tot. Jts on Loc Contract Labor $2, FRAC TANKS $100 $6,055 TD 4736' SLICKLINE $1,000 $2,190 PBTD 4661' Tubing $23,000 $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor CC FORBES Lift Equipment, packers, hangers Rig Number Equipment Construction Labor Pusher MANNI Tanks Operator LUIS Co. Rep. A.E. VICKERY Total $32,865 Cumulative $156,773 Work Summary ARC PRESS. DATA RAN 2.50" GUAGE RING TO 4650' & TAG BTM. POH W/ THE SAME & RIG DOWN. MIRU CC FORBES DD UNIT #111 ND FRAC VALVE & NU 7 1/16" 3K# MANUAL BOP. UNLOAD & RACK 148 JTS " J55 8RT TBG. TIH W/ HALLIBURTON 5.50" RTTS PKR " SN JTS " J55 TBG. TO 4060'. PUMPED 20 BBLS.10# BRINE DOWN 2.375" TBG. NO BLOW ON CSG. PUMPED 75 BBLS. 10# BRINE DOWN 5.50" CSG. SET HALLIBURTON 5.50" RTTS 4055' IN 12K# COMPRESSION. PRESS. TEST PKR. & 5.50" CSG. TO 500#. 10 MIN. OK. RIGGED UP SWAB. UNABLE TO NU FLOW TO PUMPING TEE. DID NOT HAVE X-OVER. CISDFN. ( BLW LEFT TO RECOVER ) 24 HR. PLAN: RUN AFTER FRAC LOG. FIN. NU FLOW-LINE & SWAB TEST SAN ANDRES PERFS.

17 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 5/21/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $1,100 $4,300 County ANDREWS Mud, Chemicals and Fluids $12,540 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $150 $6,490 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,000 $6,000 Tot. Jts on Loc Contract Labor $2, FRAC TANKS $100 $6,155 TD 4736' SLICKLINE $2,190 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor CC FORBES Lift Equipment, packers, hangers Rig Number Equipment Construction Labor Pusher MANNI Tanks Operator LUIS Co. Rep. A.E. VICKERY Total Cumulative Work Summary 14 HR. SITP=0#. SICP 150#, BLED TO 0# IMMED. ALL AIR. WAIT ON ARC PRESS. DATA 2 HRS. MIRU ARC PRESS. DATA. & PROTECHNICS. DD UNIT DOWN FOR REPAIRS. WON'T START. HAVE SHORT. WAIT ON MECHANIC MECHANIC WORK ON UNIT. & CALL FOR ANOTHER MECHANIC. CISDFN. DOWN FOR RIG REPAIRS. ( BLW LEFT TO REC. ) $2,350 $159, HR. PLAN: REPAIR DD UNIT. RUN AFTER FRAC LOG. SWAB TEST SAN ANDRES PERFS.

18 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 5/22/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $2,860 $7,160 County ANDREWS Mud, Chemicals and Fluids $12,540 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $150 $6,640 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,000 $7,000 Tot. Jts on Loc Contract Labor $2, FRAC TANKS $100 $6,255 TD 4736' SLICKLINE + AFTER FRAC LOG $9,775 $11,965 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor CC FORBES Lift Equipment, packers, hangers Rig Number Equipment Construction Labor Pusher MANNI Tanks Operator LUIS Co. Rep. A.E. VICKERY Total Cumulative Work Summary 16 HR. SITP=0#. SICP 0#, FIN. RIG UP ARC PRESS. DATA. PROTECHNICS DOWNLOAD TOOL. ARC PRESSURE DATA RAN AFTER FRAC LOG FROM '. DOWN LOAD TOOL. RIG DOWN ARC PRESSURE DATA HRS RIG UP SWAB. SWABBED 96 BLW IN 5 HRS. IFL=250' FFL=400'. MADE 18 RUNS W/ SWAB. LAST HR. SWABBED 20 BLW FL=400'. NO SHOW OF OIL OR GAS. CISDFN & SUNDAY ( BLW LEFT TO REC. ). 24 HR. PLAN: CONTINUE TO SWAB TEST SAN ANDRES PERFS '. $13,885 $173,008

19 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 5/24/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $3,200 $10,360 County ANDREWS Mud, Chemicals and Fluids $12,540 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $300 $6,940 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,000 $8,000 Tot. Jts on Loc Contract Labor $2, FRAC TANKS $200 $6,455 TD 4736' SLICKLINE + AFTER FRAC LOG $11,965 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor CC FORBES Lift Equipment, packers, hangers Rig Number Equipment Construction Labor Pusher MANNI Tanks Operator LUIS Co. Rep. A.E. VICKERY Total $4,700 Cumulative Work Summary 40 HR. SITP=0#. SICP 0#, SWABBED 241 BLW IN 10 HRS. IFL=250' FFL-450'. LAST HR. SWABBED 24 BLW. FL=450'. NO SHOW OF OIL. HAVE SMALL SHOW OF GAS. CISDFN. ( BLW LEFT TO REC. ) $177, HR. PLAN: CONTINUE TO SWAB TEST SAN ANDRES PERFS '.

20 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 5/25/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $3,640 $14,000 County ANDREWS Mud, Chemicals and Fluids $12,540 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $4,515 $11,455 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,000 $9,000 Tot. Jts on Loc Contract Labor $445 $2, FRAC TANKS $100 $6,555 TD 4736' SLICKLINE + AFTER FRAC LOG $11,965 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor CC FORBES Lift Equipment, packers, hangers Rig Number Equipment Construction Labor Pusher MANNI Tanks Operator LUIS Co. Rep. A.E. VICKERY Total $9,700 Cumulative $187,408 Work Summary 14 HR. SITP=0#. SICP 0#, SWABBED 93 BLW IN 4 HRS. IFL=250' FFL=350' NO SHOW OF OIL. SMALL SHOW OF GAS. LAST HR. SWABBED 20 BLW FL=350'. RIGGED DOWN SWAB & RELEASED 5.50" RTTS PKR. TOH W/ HALLIBURTON 5.50" RTTS PKR. RIH W/ BP + 2-JTS " TBG. + 4' PERF. SUB ON SAND LINE & TAG 4661'. POH W/ SAME TIH W/ 2.375" X 32' BPMA JT. ( ' ) " X 4' PERF. SUB ( ' ) " X 2.375" X 3' TAC ( ' ) " X 1' SN ( ' ) JTS " 4.7#/FT. J55 8RT. TBG. ( ' ). ND BOP. SET 5.50" 4116' IN 10K# TENSION. NU TBG. FLANGE & PUMPING TEE. ND PUMPING TEE. PUMPING TEE THREADS IMPROPERLY CUT. DAMAGED JT. OF TBG. REL. TAC. LAY DOWN BAD JT. RIH W/ 1 JT. RESET 5.50" 4116 IN 10K# TENSION. NU TBG. FLANGE. CISDFN. ( BLW LEFT TO REC. ). NOTE: PUMP JACK SET & READY TO GO. 24 HR. PLAN: NU PUMPING TEE. RUN PRODUCTION PUMP & RODS. HANG WELL ON & RIG DOWN.

21 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 6/14/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $1,000 $18,120 County ANDREWS Mud, Chemicals and Fluids $850 $13,390 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $450 $12,055 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,000 $11,000 Tot. Jts on Loc Contract Labor $2, FRAC TANKS $6,655 TD 4736' SLICKLINE + AFTER FRAC LOG $11,965 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor CC FORBES Lift Equipment, packers, hangers Rig Number Equipment Construction Labor Pusher MANNI Tanks Operator Co. Rep. LUIS A.E. VICKERY MIRU CC FORBES DD UNIT #106 LAYED DOWN POLISH ROD & 20' OF 7/8" ROD SUBS. EVALUATED RIG CREW. PICKED UP & MADE UP POLISH ROD. Total Cumulative Work Summary $3,300 $195,078 CLOSED WELL IN & RELEASED RIG CREW. WILL HAVE NEW CREW 0700 HRS HR. PLAN: TOH W/ PRODUCTION RODS. ND PUMPING TEE. RELEASE 5.50" TAC. NU BOP. TOH W/ 2.375" PRODUCTION TBG. TAG BTM W/ BP + 2- JTS " TBG. + SPLIT BULL PLUG ON SAND LINE & CHECK PBTD. TIH W/ 2.375" BPMA " PERF. SUB " HALLIBURTON PKR " SN JTS " TBG. ND BOP. SET 4310' NU PUMPING TEE. RUN PRODUCTION RODS.

22 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 6/25/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $3,120 $25,140 County ANDREWS Mud, Chemicals and Fluids $16,390 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $120 $16,175 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,400 $13,400 Tot. Jts on Loc Contract Labor $1,200 $3, FRAC TANKS $6,655 TD 4736' SLICKLINE + AFTER FRAC LOG $11,965 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor CC FORBES Lift Equipment, packers, hangers $2,500 $2,500 Rig Number Equipment Construction Labor Pusher George Tanks Operator TONY Co. Rep. D. Bulman Total $8,340 Cumulative $215,318 Work Summary 13 hours. Road rig to location, MIRU CC Forbes #111, Unhang horses head, unseat pump, POOH with 60 7/8" rods, 102 3/4" rods, 8 Kbars and pump, pump was full of fluid, fluid level in tbg was high, water pulling thru surface valves after each triple pulled. ND WH, NU BOP, release BV pkr and TOOH, first 14 jts pulled had clean OD, remainder of pipe had light scale coating, LD pkr and BPMA, RIH with % 1/2" RBP and pkr, set RBP at 4311', had trouble getting RBP to set, set pkr at 4285', attempt to test RBP, tools would not test, reset pkr at 4291', tools would not test, pumping by tools at 300 psi at 1 bpm, SWI, SDON

23 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 6/26/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $3,000 $25,020 County ANDREWS Mud, Chemicals and Fluids $16,390 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $120 $16,175 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,400 $13,400 Tot. Jts on Loc Contract Labor $700 $3, FRAC TANKS $6,655 TD 4736' SLICKLINE + AFTER FRAC LOG $11,965 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor CC FORBES Lift Equipment, packers, hangers $2,500 $2,500 Rig Number Equipment Construction Labor Pusher George Tanks Operator TONY Co. Rep. D. Bulman Total $7,720 Cumulative $214,698 Work Summary 11 hours. Crew to location, release pkr and RBP, reset RBP at 4320', pkr at 4313', attempt to test RBP, would not test, release tools and POOH, tools covered in iron sulfide, RIH with new 5 1/2" RBP and pkr, set RBP at 4311', pkr at 4294', test RBP to 600 psi for 15 minutes ok. Release pkr and POOH. RIH with 2 3/8" BPMA, 4' x 2 3/8" perf sub, manual collar loacator, 5 1/2" BV tension pkr and 131 jts 2 3/8" tbg, loacte csg collar 15' above pkr setting depth, ND BOP, set BV pkr in 15 pts tension, NU WH, RU flowline SWI, SDFWE EOT at 4255', pkr at 4216', s.n. at 4209' 24 hr plan, Will run pump and rods Monday

24 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 7/7/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $500 $27,020 County ANDREWS Mud, Chemicals and Fluids $16,390 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $400 $16,575 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,400 $16,200 Tot. Jts on Loc Contract Labor $3, FRAC TANKS $6,655 TD 4736' SLICKLINE + AFTER FRAC LOG $11,965 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor ANIMAS Lift Equipment, packers, hangers $1,200 $4,900 Rig Number Equipment Construction Labor Pusher MIKE Tanks Operator joe Co. Rep. LEWIS Total Cumulative Work Summary ROAD RIG AND CREW TO LOCATION,MIRU ANIMAS WELL SERVICE $3,500 $222,298

25 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 7/8/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $27,020 County ANDREWS Mud, Chemicals and Fluids $16,390 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $300 $16,875 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,400 $17,600 Tot. Jts on Loc Contract Labor $800 $3, FRAC TANKS $6,655 TD 4736' SLICKLINE + AFTER FRAC LOG $11,965 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor ANIMAS Lift Equipment, packers, hangers $1,200 $6,100 Rig Number Equipment Construction Labor Pusher MIKE Tanks Operator joe Co. Rep. LEWIS Total $3,700 Cumulative $225,998 Work Summary CREW ROAD TO LOCATION AND ATTEMPT TO OPERATE RIG,UNABLE TO FUNCTION THE GEAR SHIFT ON DRAWORKS,INSTALLED NEW RELIEF VALVE AND GEARS WORKED,UNIT MOTOR DIED AND WERE UNABLE TO GET IT TO STAY STARTED,MECHANIC CALLED TO REPAIR AND FUNCTION TEST RIG SISDFN WAITING ON RIG REPAIRS

26 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 7/9/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $1,800 $28,820 County ANDREWS Mud, Chemicals and Fluids $16,390 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $16,875 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,400 $19,000 Tot. Jts on Loc Contract Labor $800 $4, FRAC TANKS $6,655 TD 4736' SLICKLINE + AFTER FRAC LOG $11,965 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor ANIMAS Lift Equipment, packers, hangers $6,100 Rig Number Equipment Construction Labor Pusher MIKE Tanks Operator Co. Rep. joe LEWIS Total $4,000 Cumulative $229,998 Work Summary ROAD CREW TO LOCATION,SHOWED UP AT 0900,NEW CREW,POOH WITH RODS AND PUMP,SEND PUMP TO ANDREWS PUMP SERV,NDWH AND NUBOP,UNSET PKR AND POOH WITH PKR,LAY PKR DOWN AND TIH WITH RETRIEVE TOOL FOR RBP,LATCH ONTO RBP AND POOH,LOST RBP ON TRIP OUT OF HOLE,RERUN RETRIEVE TOOL IN HOLE ON 25 STANDS 23/8" TBG.SISDFN PLAN IS TO RIH AND CATCH RBP AND POOH,APOLLO SET UP TO RUN CBL MONDAY MORN,CAUGHT SAMPLES FROM MUD ANCHOR AND PLACED ON STEPS TO TANK BATTERY FOR CHEMICAL SERVICE

27 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 7/12/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $3,000 $31,820 County ANDREWS Mud, Chemicals and Fluids $1,000 $17,390 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $1,200 $18,075 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,400 $20,400 Tot. Jts on Loc Contract Labor $4, FRAC TANKS $6,655 TD 4736' SLICKLINE + AFTER FRAC LOG $6,600 $18,565 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor ANIMAS Lift Equipment, packers, hangers $6,100 Rig Number Equipment Construction Labor Pusher MIKE Tanks Operator Co. Rep. joe LEWIS Total $13,200 Cumulative $243,198 Work Summary SITP:0 SICP:0 TIH AND ENGAGE RBP AT 4244' UNSET AND TOH WITH RBP AND ON OFF TOOL. MIRU APOLLOW WIRELINE AND RUN CEMENT BOND LOG FROM 4644' TO 1800' (TOP OF CEMENT). BOND LOG SHOWED GOOD BOND THROUGH OUT TREATED INTERVAL AND QUALITY CEMENT TO 1800'. RU RUN RBP TO 4244' SET PKR ABOVE RBP AND TEST TO 500 PSI. PICK UP AND SPACE OUT SETTING PKR AT 4088' AND HANG OFF TUBING ND BOP AND NU WELL HEAD. FORWARD PLAN: TIH WITH RODS AND PUMP, SPACE OUT, HANG OFF AND RETURN TO PRODUCTION.

28 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date 7/13/2010 Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $2,000 $33,820 County ANDREWS Mud, Chemicals and Fluids $17,390 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $18,075 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,400 $21,800 Tot. Jts on Loc Contract Labor $4, FRAC TANKS $6,655 TD 4736' SLICKLINE + AFTER FRAC LOG $18,565 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor ANIMAS Lift Equipment, packers, hangers $6,100 Rig Number Equipment Construction Labor Pusher MIKE Tanks Operator Co. Rep. joe LEWIS Total Cumulative $3,400 $246,598 ROAD TO LOCTION, SITP O#,SICP 0#,RIG UP AND RIH WITH 1 X 8' GAS ANCHOR,2" X 1.5" X 16 PUMP,8 SINKER BARS,96 X 3/4",56 X 7/8",8,6,4' SUBS,22' PR,12' PR LINER,HANG WELL ON UNIT AND SPACE OU CHECK PUMP ACTION,SHUT DOWN TO RIG DOWN UNIT,TURN WELL TO PRODUCTION TBG TENSION PKR SET WITH 18,000# PKR DEPTH 4088',132 JTS 23/8" J55,SN ON TOP OF PKR IRON SULFIDE SAMPLES CARRIED TO BAKER 1300 HR 7/13/2010

29 GREYSTONE OIL & GAS LLP UNIVERSITY "AZ" #1 WORKOVER/COMPLETION REPORT Date Completion Cost Daily Cum Well Name UNIVERSITY AZ # Road, Location and Damages State Texas Completion Rig Days $3,600 $37,420 County ANDREWS Mud, Chemicals and Fluids $17,390 Location NW ODESSA 35 MI Fuels & Lubricants Size Depth Rental Equipment $18,075 Surf Csg 8.625" 1805' Cementing Int Csg TESTER $1,750 Liner Perforation and Wireline $9,596 Prod Csg ' Acidizing and Fracturing $78,157 Tubing Engineering Supervision $1,400 $23,200 Tot. Jts on Loc Contract Labor $4, FRAC TANKS $6,655 TD 4736' SLICKLINE + AFTER FRAC LOG $18,565 PBTD 4661' Tubing $23, Wellhead $6,925 CIBP Production Unit/Heater Treater Ret. BP Flow Lines Formation SAN ANDRES Buildings Perfed Intvl Other Surface Equipment Contractor CCFORBES Lift Equipment, packers, hangers $6,100 Rig Number Equipment Construction Labor Pusher JORGE Tanks Operator Co. Rep. John Duncan Total Cumulative $5,000 $251,598 CHECK WELL TBG PRESSURE 15 PSI CSG PRESSURE 0 PSI OPEN TBG TO PIT RIG UP TO PULL RODS L/D POLISH ROD AND PONY RODS RACK BACK 56 7/8 RODS AND 96 3/4 RODS 8 SINKER BARS. WELL STILL FLOWING UN SET PACKER, NIPPLE UP BOP'S PUMP 37 BBLS DOWN TBG WELL WENT ON VACCUM P.O.O.H WITH 132 JTS 2-3/8 TBG AND HALLIBURTON BV PACKER L/D PACKER MAKE UP HALLIBURTON BP RETREVING TOOL T.I.H WITH 78 JTS 2-3/8 TBG SHUT WELL IN FOR NIGHT

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35 Well Name: University AZ #1 State Texas Daily Operations 8/5/ :00-8/6/ :00 Operations at Report Time Acidize & swab back Current Perfs/ Intervals 4425' ' (O/A GR) County / Parish Andrews Casing Pressure (psi) Completion Daily Report Report # /5/2010 Field Name Emma, N. (Yates) Tubing Pressure (psi) 0.0 Greystone Oil & Gas LLP Time Log Start Time Dur (hr) End Time Cum Dur (hr) Com 06: : SITP=0#. SICP=0#. MIRU Rising Star acid eqpt. Loaded csg w/ 1.5 BFW. Press tested lines to 3700# - OK. Released press. Pumped 16.8 bbls 15% NeFe acid down 2-3/8" tbg. 3190#. EIR #. Increased rate to # and then to #. Pumped total of 19 bbls acid. Pumped displacement wtr #. Press cont'd to drop to 1190# while displacing w/ total of 25 bbls wtr. SD pump. ISIP=460#. 5 min SITP=220#. 10 min = 160#. 15 min = 140#. RDMO Rising Star. RU swab and commenced swabbing per attached. Recovered 73.5 bbls to SN in 13 swab runs. 800'. Recovered some oil on 13th run. Sent water & oil samples to Baker Treat-O-Lite for analysis. Left well open to oil tank for night. Logs Date Type Top (ftkb) Btm (ftkb) Cased? 0.0 Supervisor on Site Job Contact: John Duncan Phone Office: Page 1/1 Comp Daily Cost Drill Daily Cost Cost To Date Cum Completion 201,021 Cum Drilling 565, ,148 1,002, Completion

36 Swabs Well Name: University AZ #1 API/UWI Ground Elevation (ft) Total Depth (ftkb) Date 8/5/2010 Zone Wellbore Original Hole Swab # Start Time Swab Time (hr) Fdl Lvl (KB) Pull Depth (ftkb) P Cas (psi) Vol Recov (bbl) Vol Recov Cum (bbl) 1 00: , load wtr 2 00: , same 3 00:00 1, , same 4 00:00 2, , load wtr & spent acid 5 00:00 2, , spent acid & wtr 6 00:00 2, , same 7 00:00 2, , same 8 00:00 3, , black wtr 9 00:00 1, , same 10 00:00 2, , same 11 00:00 3, , same 12 00:00 3, , black wtr; wait 1 hr 13 00: , Oil & wtr Swab Company Job Total Volume Recovered (bbl) 73.5 Com Page 1/1

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38 Well Name: University AZ #1 State Texas Daily Operations 8/6/ :00-8/7/ :00 Operations at Report Time Swab Test Middle Perfs Current Perfs/ Intervals 4425' ' (O/A GR) County / Parish Andrews Casing Pressure (psi) Completion Daily Report Report # /6/2010 Field Name Emma, N. (Yates) Tubing Pressure (psi) Greystone Oil & Gas LLP Time Log Start Time Dur (hr) End Time Cum Dur (hr) Com 06: : Well flowed 8 bbls to tank over night w/ trace amt of oil. RU swab. 1st swab run - tagged surface. Pulled from 1400'. Swab line kinked on 2nd run. POOH. Well made small amts of fluid while repairing line. Made a total of 12 swab runs & recovered 51.2 bbls of fluid. SWI. SDFN. Logs Date Type Top (ftkb) Btm (ftkb) Cased? Supervisor on Site Job Contact: John Duncan Phone Office: Page 1/1 Comp Daily Cost Drill Daily Cost Cost To Date Cum Completion 4, ,288 Cum Drilling 382,148 1,006, Completion

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40 Well Name: University AZ #1 State Texas Daily Operations 8/7/ :00-8/8/ :00 Operations at Report Time No activity. Current Perfs/ Intervals 4425' ' (O/A GR) County / Parish Andrews Casing Pressure (psi) Completion Daily Report Report # /7/2010 Time Log Start Time Dur (hr) End Time Cum Dur (hr) Com 06: : No activity. Logs Field Name Emma, N. (Yates) Tubing Pressure (psi) Greystone Oil & Gas LLP Date Type Top (ftkb) Btm (ftkb) Cased? Supervisor on Site Job Contact: John Duncan Phone Office: Page 1/1 Comp Daily Cost Drill Daily Cost Cost To Date Cum Completion 570,288 Cum Drilling 382,148 1,006, Completion

41 Well Name: University AZ #1 State Texas Daily Operations 8/8/ :00-8/9/ :00 Operations at Report Time No activity. Current Perfs/ Intervals 4425' ' (O/A GR) County / Parish Andrews Casing Pressure (psi) Completion Daily Report Report # /8/2010 Time Log Start Time Dur (hr) End Time Cum Dur (hr) Com 06: : No activity. Logs Field Name Emma, N. (Yates) Tubing Pressure (psi) Greystone Oil & Gas LLP Date Type Top (ftkb) Btm (ftkb) Cased? Supervisor on Site Job Contact: John Duncan Phone Office: Page 1/1 Comp Daily Cost Drill Daily Cost Cost To Date Cum Completion 570,288 Cum Drilling 382,148 1,006, Completion

42 Well Name: University AZ #1 State Texas Daily Operations 8/9/ :00-8/10/ :00 Operations at Report Time Swab Test Middle Perfs Current Perfs/ Intervals 4425' ' (O/A GR) County / Parish Andrews Casing Pressure (psi) Completion Daily Report Report # /9/2010 Field Name Emma, N. (Yates) Tubing Pressure (psi) 20.0 Greystone Oil & Gas LLP Time Log Start Time Dur (hr) End Time Cum Dur (hr) Com 06: : SITP=15#. SICP=20#. Opened well to production tank. Well flowed 100% oil for 5 mins and then 100% black wtr for 10 mins. Well died. RU swab and commenced swabbing per attached Logs Recovered 74 bbls in 14 swab runs. Total recovered fluid to date = 209 bbls. SWI. SDFN. Date Type Top (ftkb) Btm (ftkb) Cased? Supervisor on Site Job Contact: John Duncan Phone Office: Page 1/1 Comp Daily Cost Drill Daily Cost Cost To Date Cum Completion 4, ,688 Cum Drilling 382,148 1,010, Completion

43 Swabs Well Name: University AZ #1 API/UWI Ground Elevation (ft) Total Depth (ftkb) Date 8/9/2010 Zone Wellbore Original Hole Swab # Start Time Swab Time (hr) Fdl Lvl (KB) Pull Depth (ftkb) P Cas (psi) Vol Recov (bbl) Vol Recov Cum (bbl) 1 00: , % black wtr w/ emulsion 2 00:00 1, , same 3 00:00 2, , same 4 00:00 3, , same 5 00: , same 6 00:00 3, , same 7 00:00 1, , same 8 00:00 2, , same 9 00:00 1, , same 10 00:00 3, , same 11 00:00 1, , same 12 00:00 3, , same 13 00:00 3, , same 14 00:00 1, , same Swab Company Job Total Volume Recovered (bbl) 74.4 Com Page 1/1

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46 Well Name: University AZ #1 State Texas Daily Operations 8/10/ :00-8/11/ :00 Operations at Report Time Swab Test Middle Perfs Current Perfs/ Intervals 4425' ' (O/A GR) County / Parish Andrews Casing Pressure (psi) Completion Daily Report Report # /10/2010 Field Name Emma, N. (Yates) Tubing Pressure (psi) 20.0 Greystone Oil & Gas LLP Time Log Start Time Dur (hr) End Time Cum Dur (hr) Com 06: : SITP=35#. SICP=20#. Opened well to rig tank. Well flowed 3.1 bbls. RU swab & commenced swabbing per attached Logs Recovered 49.1 bbls of black wtr w/ emulsion in 11 swab runs. Total fluid recovered to date = 261 bbls. SWI. SDFN. Date Type Top (ftkb) Btm (ftkb) Cased? Supervisor on Site Job Contact: John Duncan Phone Office: Page 1/1 Comp Daily Cost Drill Daily Cost Cost To Date Cum Completion 4, ,088 Cum Drilling 382,148 1,015, Completion

D & V Oil Co. LP. Daily Completion Report - University CN A #6 API # /23/2016. Perfs ' ' Activity :

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