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BROMHEAD, SASKATCHEWANT3-R12-W2M

Petro One maintains a 10 %GOR on the Arc Resources Ltd 2HZ 4D13-19-1D5-30-3-12W2 dual leg horizontal producing from the Frobisher Formation (SW/4-30-3-12W2M) This well was drilled on a farm out from Petro One who retain Frobisher rights 100% in the balance of the section (SE/4 and N/2-30-3-12W2M).

BROMHEAD AREA, SASKATCHEWAN LANDS, LEASES, INTEREST AND ENCUMBRANCES