SCHEDULE B
		ESTIMATED DRILLING COST /
SOUTH SUN RIVER		AFE				DATE	6/30/2013
					FIELD /
WELL NAME	Norstra #1				AREA	Development
WELL LOCATION					TARGET	Bakken Shale
COUNTY	Lewis & Clark				EST DEPTH	8,500 TVD,12,500' MD
STATE	MT				COMMENT
INTANGIBLE COSTS:	DAYS		$ / DAY		DRY	CASED	COMPLETED
Permits					400.00	400.00	400.00
Legal & Title					2500.00	2500.00	2500.00
Survey Location					2000.00	2000.00	2000.00
Land Damages / right of way					5000.00	5000.00	5000.00
Rig Daywork (7-9 Set 7" / 3-5 HZ)	25	$	16,500.00		412500.00	412500.00	412500.00
Limited Turnkey
Footage
Rig mobilization -de mobilization					190000.00	190000.00	190000.00
Location/pits					60000.00	60000.00	60000.00
Roads & Maintenance
Rig fuel / boilers	14	$	1,500.00		21000.00	21000.00	21000.00
Compressor
Water	25	$	1,500.00		37500.00	37500.00	37500.00
Mud / Chem					190000.00	190000.00	190000.00
Salt
Cement surface					25000.00	25000.00	25000.00
Cement Intermediate Casing / P&A		7000		@25.00		175000.00	175000.00
Floating equipment					1400.00	3000.00	3000.00
Bits / downhole assembly					80000.00	80000.00	80000.00
DST
Core					65000.00	65000.00	65000.00
Mud logger / Pason	15	$	22,000.00		330000.00	330000.00	330000.00
Electric logging					70000.00	100000.00	100000.00
Inspect collars & casing
Equipment rental					26000.00	26000.00	26000.00
Trucking drilling					10000.00	10000.00	10000.00
Trucking completion					10000.00	10000.00	15000.00
Completion rig							75000.00
Perforate & Cased Hole Log (slotting
casing)						15000.00	15000.00
Bonding					10000.00	10000.00	10000.00
Overhead	14	$	900.00		12600.00	12600.00	12600.00
Insurance					2500.00	2500.00	2500.00
Welder / backhoe					2500.00	2500.00	4000.00
Flowline Construction & ROW							20000.00
Tank Battery Construction							60000.00
Professional Services Engineer					19000.00	19000.00	25000.00
Professional Services Geologist					10500.00	10500.00	10500.00

Directional Services	12		$	11,000.00	132000.00	132000.00	132000.00
Cleanup and restoration					7500.00	7500.00	7500.00
Multi stage frac							1300000.00
Miscellaneous/contingency	5	%			86745.00	97825.00	171200.00
TOTAL INTANGIBLE COSTS					1,821,645.00	2,054,325.00	3,595,200.00

EQUIPMENT COSTS						DRY	CASED		COMPLETED
	DIA		FEET		$/FT
PIPE / Conductor
Surface	9 5/8		500	$	26.62	13310.00	13310.00		13310.00
Production	7		7000	$	25.00		175000.00		175000.00
Liner	4.5		5000	$	10.79		53950.00		53950.00
Tubing	2 7/8		7200	$	8.00				57600.00
Wellheads						500.00	50000.00		50000.00
Packer/anchors							24000.00		24000.00
Downhole pump									2500.00
Rods									6000.00
Pumping Unit & Motor									45000.00
Tanks									55000.00
Treator									45000.00
Separator
Gas shack & meter run
Flow & gatering lines									22000.00
Risers, reducers									10000.00
Valves, pipes & fittings									10000.00
Buildings									5000.00
Miscellaneous/contingency	6	%				828.60	18975.60		34161.60
TOTAL TANGIBLE COSTS						14,638.60	335,235.60		608,521.60
TOTAL WELL COSTS						1,836,283.60	2,389,560.60		4,203,721.60
							PARTCIPATION
			WORKING INTEREST PARTNER				%		Cost Dry Hole
									$
									1,836,283.60
							100.00	%	Cost / Cased Hole
									$
									2,389,560.60
									Cost / Completed
									Well
									$
					Partner Signature				4,203,721.60