• Currently 90,000 gross acres, 14,500 net to Teton with potential for 145 gross wells.

• Primary target Bakken Formation with secondary potential in Red River, Madison, Duperow, Nisku and Interlake.

• Favorable results by other operators in area.

• Modern horizontal drilling techniques increase recoveries.

• 10,500' vertical with 3,000-9,000' laterals.

• Follow middle Bakken with laterals contacting increased reservoir volume.

• Multiple-stage fracture, increases rock contact and hydrocarbon recoveries.

• 640 acre spacing per lateral. Downspacing possible.