Crown Niobrara #1 Joint Venture

The production decrease is due to low nighttime and high afternoon temperatures causing compressor issues:  OIL CUT 33%.

We have recovered 81,364± BW to date, which is approximately 28% load recovery.

When the compressor works at full efficiency, the total fluid increases as does oil production.  Our Operator anticipates 400± BO per day when at full compressor efficiency.  Production should continue to increase as oil cut increases and more frack load is recovered.

Average peak recovery usually occurs at the end of month 5.

The well has produced for approximately 3½ months and flowed naturally the first 2 months.

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