Project- Dixie/Dzurich

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PROJECT DIXIE/DZURICH

We entered into a Letter of Intent ("LOI") with MORANSCO Energy Corporation of Shreveport, Louisiana to acquire the Dixie/Dzurich Production. The LOI involves West Texas Resources acquiring 100% working interest (82.3% net revenue) of 57 wells on approximately 3,841 acres in the State of Louisiana. The acquisition will be an all cash transaction and expected to close June 30, 2016.

Dixie/Dzurich Map

DIXIE/DZURICH PRODUCTION BREAKDOWN

Here is a breakdown of the Lease Names, Wells and Acres with the Dixie/Dzurich Production.

Lease Name # Wells # Acres
Carlisle G 2 223.42
Carlisle F 4 194.2
Glassell B 2 62
Volentine 1 2 640
Vlentine A 2 80
Nance 2 80
Stanke 5 160
Oxy USA 8 320
Hudson 3 57
Glassell A 6 160
VUA Ballard Island 1 600
VUB Ballard Island 1 Included
Dickson 3 80
Chem Air 3 160
Washington 2 80
Whitten 3 160
Glassel #6 1 60
Carlisle A #2 1 80
Carlisle B 1 120
Carlisle C 1 8.61
Comegys 3 440
Lunn 2 76
TOTAL 57 3841.23