New Vision In Drilling

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2 HWD Horizontal Well Drillers New Vision In Drilling Newsletter Date - 01/01/09 News Flash: Recent studies have shown that 43.16% of all hydrocarbons are at a depth of 3,000lf and less Special points of interest: Vertical depths ranging from 500 to 13,000 New Vision In Drilling THE OIL & GAS INDUSTRY HAS BEEN WAITING. Laterals can be cut from any required depth. Ranging from as shallow as 500 down to 10,000 vertical. Then as much as 5,000 horizontal. 13,000 combined drill rating going both vertical & horizontal More Pay Zone Contact ROP Is Consistent From Start To Finish Normal hole size is 8 3/4 Pushes & Pulls 330,000 lbs. Top Drive - Best In Class Performance. Producing A Massive 38,000 ft-lbs. Of Torque. Multiple pump configurations. Ranging from 500 to 2,000 HP triplex mud pumps. Designed to run in either single, double, or triple operation. Inside this issue: 6122 Proven Lateral. Longer laterals are in the near future. Less drill collars, single drill Top Drive allows us to both rotate and circulate while running drill string or casing. Rack and Pinion is Proving Shallow Horizontal Wells Successful Rack and Pinion Power Proven Reduction In AFE, By As Much As 35%

3 Page 2 New Vision In Drilling It Has Arrived! The First True Patent Pending Horizontal Drilling Rig The Very First In The World Today --Horizontal Well Drillers, Changing An Industry Akerman HWD strives to be the leader in providing the most reliable, accurate, and cost effective horizontal drilling service in the oil and gas industry. We will achieve our mission by providing safe, efficient, economic and reliable solutions to our customers. Through new patent pending proven technology. HWD has created the ability to drill oil & gas wells ranging from 500 to in vertical depth, with a proven horizontal capability of up to 6,122 (longer laterals are in the near future). The rating of the drill rig is 13,000 true vertical depth, or a combination of both vertical and horizontal. This new method of drilling is accomplished by using a rack and pinion system. This allows us to have 330,000 lbs. of push and pull power at all times during the drilling operation. With the constant force it allows us to maintain a consistent ROP (Rate of Penetration) throughout the lateral drilling process. In conventional drilling methods your ROP is greatly depleted due to the lack of pressure that is exerted to the bit as it is cutting. Our technology not only allows us to run a larger bit that will increase the pay zone, but it also give the client and customer a reduction in AFE (Authority for Expenditure) costs up front. Benefits Of HWD New Technology This technology is going to revolutionize the way shallow oil and gas is drilled Major Increase In Pay Zone Long Horizontal Laterals At Shallow Depths (500 ) Laterals Have Been Successfully Drilled Out To 6,122 ROP (Rate of Penetration) Remains Constant (80% at 6000 ) Pushes And Pulls 330,000lbs. Top Drive - Best In Class Performance - Massive 38,000 ft-lbs Of Torque Wobble Stick Technology Allows Curves To Be Drilled Faster Can Range From 5 Down To 2 7/8 Drill Pipe Lateral Hole 44% Larger Than Normal Conventional Drilling Laterals Where Conventional Rigs Couldn t Before Fully Self Contained Drilling System Very Mobile One Day Rig Up One Day Rig Down Low Moving Cost Casing Can Be Run With Or Without Casing Crews No Lay Down Machines Needed While Running Casing, We Can Rotate & Circulate The Hole Tool Joints Are Less Likely To Be Caught In Keyseats Downhole Safety Minimized Roughneck Assistance. 99% Self automated. When tripping pipe or making connection no roughnecks on floor. AFE Saving Reducing Of Most Proposed AFE Enclosed Mud Cleaning System One Rig From Start To Completion

4 New Vision In Drilling Page 3 Short Radius, Medium Radius, Long Radius (No Problem) Currently in Pennsylvania we have completed 10 successful wells using one rig where it has taken three rigs in the past. More new wells are scheduled to be drilled in We are setting surface pipe, intermediate casing, and cutting the lateral while maintaining a higher ROP and establishing longer laterals. These wells have ranged from 4500 to 8000 in depth. With a horizontal range up to 6,000lf in less time established with the AFE, and has increased the pay zone exposure by as much as 108 times compared to conventional vertical drilling. This method is defining the way to drill oil and gas wells with a record breaking pace. Nothing in the world can compete with this rig. Rig #4 PA Update-Picture Above: HWD completed its 10th well for EOG. It was the longest horizontal well drilled to date for EOG in the state of Pennsylvania. HWD saved EOG as much as 35% on costs and time. HWD Can Drill 13,000 TVD. -Depths Ranging As Shallow As 500 Down To 13,000 TVD -Laterals Up To 5,000 At Most Depths Our rigs have the smallest footprint in the industry. increased the pay zone exposure by as much as 108 times compared to conventional vertical drilling. Enclosed Mud System Pipe Loading System 800 HP Triplex Mud Pumps Are Configured For Single, Double, Or Triple Operation. (pictured above). We Have A Variety Of Pump Configurations That Can Be Tailored To Fit Each Client s Needs.

5 Horizontal Well Drillers HWD 2915 State Hwy. 74 South Purcell, Oklahoma Phone: Fax: Parent Company AKERMAN CONSTRUCTION CO., INC. Increasing Recovery Rates and Extending Production Life Horizontal wells generally increase productivity to at least 4 to high as 25 times that of vertical wells. For wells which would have otherwise been considered marginal or uneconomic, horizontal drilling often enables successful reservoir development. The oil or natural gas in some types of reservoirs can be most thoroughly recovered by horizontal drilling. The following reservoir types are excellent examples of conditions that benefit from this technology: Thin reservoirs: In cases where hydrocarbon deposits are wider than they are thick, vertical wellbores are only able to extract oil and gas from a small area surrounding the wellbore. However, horizontal wells use lengthy lateral arms to extend into these long, flat reservoirs and drain a significantly larger area. Reservoirs with natural vertical fractures: Fracturing within the formation causes little "pipelines" through which the hydrocarbons can flow. Encountering the fractures at an angle perpendicular to the wellbore improves productivity. Locating isolated and bypassed oil and gas reservoirs: Horizontal wells can be used to search for overlooked reserves within a field. In an existing field, vertical wells are often re-entered and drilled horizontally to reach those isolated and bypassed reserves. According to a study by the U.S. Department of Energy, "Since 1990, the vast majority of reserve additions in the United States-89 percent of oil reserve additions and 92 percent of gas reserve additions-have come from finding new reserves in old fields"(environmental Benefits of Advanced Oil and Gas Exploration and Production Technology, 1999). Accessing reserves in environmentally sensitive areas: In some areas, drilling is restricted for environmental reasons or because a rig cannot be set up on the proposed pad site. This often occurs when the targeted formation is under a building, below a shallow lake, or in a protected wildlife habitat. In cases where a vertical well cannot be used, horizontal drilling can access the targeted reservoir while leaving the surface habitat undisturbed. Reduced Capital and Operating Costs In addition to draining the same amount as three to as high as 25 vertical wellbores. A horizontal well costs significantly less than drilling several vertical wells in the same area. The operating costs associated with infrastructure, wellhead equipment and maintenance are also significantly reduced. In Pennsylvania EOG Resources embraced our new technology. 10 successful gas wells have been completed from May 2008 to Dec More wells are scheduled for Horizontal Well Drillers (HWD) technology defies the traditional horizontal well drilling method by bringing a new revolutionary method to the oil and gas industry. Completed new documented world record by HWD 13 to 1 Ratio, 400 tvd/5,220 hd with a 8 3/4 inch hole, which the world record was currently 7 to 1 tvd/hd. Safety First This drill rig was designed with safety being a top priority. The drill rig is totally automated. Drillers, derrick hands, and floor hands aren t needed on floor when making connections or tripping pipe. Rig 5 Drilling Rig In New York. TMD 13,465

6 New Vision In Drilling HWD Rigs Are Supplied With Various Sizes Of Triplex Mud Pump Configurations Depending On Each Client s Needs. Our Pumps Are Equipped To Run In Single, Double, Or Triple Operation. Total Mud Pump Horsepower Can Range From 500 to Page 5

7 New Vision In Drilling Page 6 HIGH PERFORMANCE TOP DRIVE & PIPE HANDLER HIGH PERFORMANCE TOP DRIVE BEST IN CLASS PERFORMANCE - PRODUC- ING A MASSIVE 38,000 FT-LBS. OF TORQUE TORQUE RATING IS THE HIGHEST IN ITS CLASS RACK & PINION DESIGN ALLOWS 330,000LBS. OF PUSH & PULL WOBBLE STICK TECHNOLOGY ALLOWS ONE TO DRILL THROUGH CURVES FASTER PIPE HANDLER ALL AUTOMATIC - NO ROUGHNECK ASSISTANCE CAN LIFT VARIOUS SIZE DRILL PIPE, COLLARS, AND CASING FROM 2 7/8 UP TO 12 DRILL COLLAR WEIGHT NO PROBLEM ADJUSTABLE HYDRAULIC PIPE RACKS - TILT TO- WARD OR AWAY FROM THE PIPE HANDLER WHEN GOING INTO AND OUT OF HOLE - FOR EASY HAN- DLING

8 Page 7 New Vision In Drilling Rig # 2 Dubois, IN - Drilling For Indigo Energy HWD Is In The Final Stages Of Completing The First Of Three Horizontal Wells. Each Horizontal Well Is 1800 TVD With A Lateral. This Is A First Of Its Kind Combination Drill. We Will Have More Details After The Completion Of All Wells. Est. Completion Date Is Feb. 2009

9 New Vision In Drilling Page 8 Rig # 3 Weatherford, TX - Drilling For Central Basin Oil

10 Page 9 New Vision In Drilling Rig # 4 Penfield, PA - Drilling For EOG Resources

11 New Vision In Drilling Page 10 Rig # 5 Horseheads, NY Well #1 TMD 13,465 - Drilling For Anschutz Exploration

12 New Vision In Drilling Page 11 Rig # 7 HWD - THE ALL NEW - OVERSIZE SINGLE - GATOR 1000 THE ALL EVERYTHING, DO EVERYTHING DRILL RIG DERRICK FREE STANDING 80ft. CLEAR WORKING HEIGHT 500,000lb. HOOK LOAD TELESCOPING OVERSIZE SIN- GLE SUB BASE HYDRAULIC SCOPING TEE STYLE SUBSTRUCTURE THAT IS 40ft. LONG BY 8ft. WIDE AND HAS A RIG FLOOR HEIGHT OF 12 6 BOP TROLLEY SYSTEM CONTROL ROOM STAND ROTARY TABLE BEAM CAPACITY OF 500,000 lbs. TOP DRIVE 250 TON TOP HEAD DRIVE POWERED BY A C15 CAT WITH TWIN SAUER DAN FOSS HYDROSTATIC TRANSMIS- SIONS CUSTOM BUILT 4 SHEAVE BLOCK AND LINK ASSEMBLY CUSTOM BUILT TOP HEAD DRIVE ROLLER TRACK AS- SEMBLY

13 New Vision In Drilling Page 12 Rig # 7 HWD - THE ALL NEW - OVERSIZE SINGLE - GATOR 1000 THE ALL EVERYTHING, DO EVERYTHING DRILL RIG CARRIER 6 AXLE CARRIER POWER BY 2 6O SERIES 14.0 L 625 HP ENGINES ALLISON AUTOMATIC TRANSMISSION 1000 HP COMPOUND BOX 1000 HP RIGHT ANGLE BOX COOPER STYLE BRAKE BLOCK LINKAGE 42X12 WATER CIRCULATING BRAKE 1 1/8 LEBUS 3 PLATE 24 CLUTCH 48 TWIN DISK ASSIST BRAKE TWIN 72 GPM HYDRAULIC PUMPS 2-16,000 PD HYDRAULIC WINCH S CONTROL ROOM TOTAL AUTOMATED CONTROL ROOM ALL AIR OVER HY- DRAULIC CONTROLS THAT ARE USER FRIENDLY DAPTEC TECHNOLOGY CROWN-A-MATIC AND FLOOR-A- MATIC WITH A BUILT IN AUTOMATIC DRILLER PIPE HANDLING MACHINE HYDRAULIC CONTROL SELF-LEVELING ALL AUTOMATIC - NO ROUGHNECK ASSISTANCE CAN LIFT VARIOUS SIZE DRILL PIPE, COLLARS, AND CAS- ING FROM 2 7/8 UP TO 12 DRILL COLLAR WEIGHT NO PROBLEM CONTROLLED BY AIR OVER HYDRAULIC VALVE BANK

14 HORIZONTAL WELL DRILLERS 2915 STATE HWY 74 SOUTH PURCELL, OK