Andora Ownership:

• POE: 53.5% of outstanding shares
• CEO & CFO - POE nominees

Andora Lands:

• 10% of 51 sections
• 50% of 12 sections
• 100% of 16 sections
• 3% GORR on 36.5 sections
• Operator

Andora Reserves:

• Probable: 117.4 MMbo
• Possible:    120.0 MMbo
• Total 3P:   237.4MM bbls (Andora)131.5MM bbls (net POE)