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ROSE BANK, SASKATCHEWANT4-R32-W1M

Petro One maintains an interest adjacent to the western edge of the Alida Beds Voluntary Unit No. 1 (LSD 11-29-4-32W1M). The company drilled one development well at 11-29-4-32W1 and attempted a completion on the Malida Carbonate overlying the Tilston beds. This well is currently suspended.

ROSEBANK-ALIDA AREA, SASKATCHEWAN LANDS, LEASES, INTEREST AND ENCUMBRANCES