Niobrara Shale timeline AWS

Niobrara Shale timeline Announced discovery in January

2013

Encountered technical issue; to be re-drilled

• HZ DISCOVERY WELL

• 2ND HZ WELL • 3RD HZ WELL

• VT TEST WELL • 4TH HZ WELL

First sales in September

First sales from VT test well and 4th HZ well

2014

• JANUARY

$75 million Niobrara capital plan announced

More HZ wells planned

• MAY Deployed new Nabors rig

Drilled in Nov. & Dec.

Drilled in Nov. & Dec.

VT test well planned in Ryan Gulch

• REMAINDER Spud 5th HZ well on May 4

Spud 2nd VT test well on May 19

HZ = Horizontal Well VT = Vertical Well