• Teton-operated – 66% average working interest

• 48,101 gross acres (31,569 net); 82% undeveloped

• 62 producing wells

• 69 risked prospects

• 5,325 square mile area of mutual interest ("AMI"); Teton has a 60% WI

• Largely fee locations; Mid-continent pricing

• 13 Bcfe proved reserves; 5.7 Bcfe probable/possible reserves; 10.3 Bcfe resource potential