INLAND OCEAN, INC.

DIRKS # 4

WILDCAT FIELD

BEE CO., TEXAS

API / #42 -025-33864
RRC PERMIT / #759535
GAU letter, RRC Letter 3-27-13 / #SC-5794 = 1000’ isolate 0-350’.
Ground Elevation / 295.1’ (Rig KB to GL = 7’) Rig KB = 302’

Location:2200 FNL & 16,850 FWL of J.M. Uranga Grant, Abstract 68

X: 2384095.99Y: 271842.08

Legal: 500 FNEL & 650 FSL of Oil, Gas and Mineral Lease dated December 7 th, 2012, from

R.W. Dirks, in his capacity as Trustee of the Dirks Family Mineral Trust, Lessor and

Inland Ocean, Inc., Lessee, recorded by Memorandum in Volume___, Page ____ of the

Official Public Records of Bee County, covering (72.4) acres, more or less, (also called 72.81 acres), being the Northwest 72,4 acres, not including the most northwesterly ten (10) acres,Or Section 4 of the W.G. Ragley Subdivision of the Chittim-Miller Ranch, of the J.M. Uranga Grant, Abstract 68, Bee County, Texas, as shown by plat of said subdivision in Book L-2, Page 392 of the Deed Records, Bee County, Texas.

Permit Depth:4300’; Primary Objectives: Hockley-1 sand @ ~4180’.

Directions:This drill site is 0.6 miles northwest of Tuleta US 181 intersection with Main Street, proceed North on U.S.-181, 0.4 miles to oil lease road on left (west). Turn left (west) onto oil lease road and location is northwest 0.1 miles.

COMPLETION REPORT

September 30, 2013
Moved in and rigged up Select Oilfield Services slickline unit. Weatherford technician delivered plunger lift equipment. Held safety meeting. Ran in hole with 1.900 gauge ring on 1-1/2” tool string and tagged 1-25/32” seating nipple at 2996’ wireline measurement. Fluid level approximately 360’ wireline measurement.Pulled out of hole with slickline.Ran in hole with 2” JDC setting tool and 2-3/8” bumper spring assembly, with 3 cup hold down, and set at 2994’ wireline measurement.Pulled out of hole with slickline. Dropped 2-3/8” dual pad plunger down hole and chased down with bar. Pulled out of hole with slickline. Rigged down and moved out Select slickline unit. Beck Brothers Oilfield Services lease crew installed 2-3/8” dual outlet 3K lubricator and 2” Kimray 2200 motor valve and tied into flowline. Weatherford technician installed WellPilot plunger lift controller, with solar panel, and SS tubing gas supply lines. SITP = 52 psi. Unable to put plunger lift system in service due to lack of pressure. Shut well in to build up pressure. Held meeting with Jon Fischer, at R.W. Dirks Petroleum Engineer office, to discuss installation of sales gas pipeline.

Dirks # 4 Completion Report, Page 2

October 7, 2013

Met Weatherford technician and gauger, Ken Taylor, at lease. SITP = 420 psi. At 0930 hours, opened well to fiberglass tank. At 1000 hours, FTP = 0 psi. Well unloaded 7 bbls of oil. At 1000 hours, shut well in. At 1100 hours, SITP = 20 psi. Moved in and rigged up RioTex Swabbing hydraulic swabbing unit. Held safety meeting. Nippled down plunger lift lubricator. Ran in hole with swab and tagged fluid at 2800’.Pulled from 2990’.Recovered 1 bbl of oil. Ran in hole with 2” JDC pulling tool and latched onto the 2-3/8” dual pad plunger. Pulled out of hole with plunger and examined. Plunger appeared to be ok. Dropped plunger back down hole. Nippled up plunger lift lubricator. Rigged down and moved out RioTex swabbing unit. Determined that well needs to be shut in to build up pressure and allow for fluid to feed in. Gauger will open well and manually cycle plunger once SITP = 100 psi. Shut well in and released to gauger. Measured distance of proposed sales pipeline route, previously determined by Mr. Dirks, to be approximately 4000’. Began obtaining bids for 2” poly pipe and services for installation of pipeline.