Owens Petroleum, LLC - AWS

Owens Petroleum, LLC Woodson County Kansas Chanute/Humboldt Field The field is made up of eight conjoining leases covering approximately 1,525 acres, all 87.5% NRI with 100% working interest. Of the eight, four of them have been reconditioned with above and below ground infrastructure. The field not only having an immense gas drive, it’s also only producing off primary production, virgin to secondary recovery. The field is being produced from the squirrel formation with an average depth of 875’. Low input and operating cost with above average yields per well along with secondary recover still available throughout the field makes this a great investment. The fields 4 producing leases sold 1,500 barrels of oil in the month of August off 19 producing wells. -Reno 240 Acres 25 BOPD (11 Producing Wells) -Collins 80 Acres 17 BOPD (8 Producing Wells) -Purcell 240 Acres 2.5 BOPD (6 Producing Wells) -Atkins 160 Acres 1.5 BOPD (5 Producing Wells) -Tebbens 420 Acres -Nitler 140 Acres -Hensley 165 Acres* -Ellis 80 Acres* * The properties are under contract but do to land owner personnel issues Lease Agreements are set to be signed in 2018. The four properties (Tebbens, Nitler, Hensley, Ellis) have existing wells and infrastructure, not yet reconditioned to operators standards, so therefore left temporary inactive. The field has approximately 600 drillable locations left. Owens Petroleum has drilled ten producing wells in 2017 (6 Reno) (4 Collins) the new wells not only yielded large flush production but are also averaging 16 times above the Eastern Kansas Average of a ¼ producing barrel per day. The ten new wells have increased the fields production by 40 barrels per day.