The New Dawn Energy and its affiliates (“NDE”) have acquired multiple assets since its establishment, with additional acquisitions at different stages of completion. The main company website is: https://newdawn.energy

• In May 2015, NDE acquired non-operated working Interests in producing assets from Mines Energy Resources (operated by Americo Energy resources), with assets located in various counties of Texas and New Mexico.
• In June 2015, NDE acquired working interests in the Sergeant Project (Wolfcamp Horizontal wells); a large Concho Oil and Gas-operated asset in the Culberson County, Texas.
• In January 2016, NDE acquired working interests in horizontal well projects located in the Wattenberg Field of the DJ Basin, Colorado. This project is operated by Crestone Peak Resources, Noble Energy (Chevron) and Ker-McGee O&G (Occidental Petroleum).
• In April 2016, NDE acquired working interests in the Savageton Unit of the Powder River Basin in Wyoming, operated by FDL Operating. This is a Lower Parkman Unit developed entirely with horizontal producers and injectors.
• In December 2016, NDE acquired a large producing overriding royalty package, comprised of over 121,000 acres, located in the heart of the Eagle Ford, in Dewitt, Gonzales and Karnes Counties, Texas.
• In September 2017, NDE acquired working interests in the Fayetteville Shale and Moorefield Shale plays with over 1700 producing wells in over 307 sections of land located in multiple counties of the state of Arkansas.
• In September 2017, New Dawn Minerals, an affiliate of New Dawn Energy, acquired LaBokay Natural Resources, a mineral company owning servitudes and fee lands in multiple parishes in the State of Louisiana.
  • Encompassing 273,000 net mineral acres, LaBokay’s rights stretch almost the entire length of Western Louisiana from the state’s northern to near its southern borders. The holdings are located in Allen, Beauregard, Bossier, Calcasieu, DeSoto, Natchitoches, Rapides, Sabine, Vernon and Webster parishes.
  • LaBokay’s website is: http://labokay.com

• In February 2018, NDE entered into a joint venture with Roxanna Oil Company, a privately held Houston oil and gas exploration and production company, and its partners to develop shallow chalk formations in Sabine Parish, Louisiana.
  • The development area covers more than 24,000 acres leasehold primarily in the legacy Pendleton-Manny Field.
  • The joint venture drilled the initial shallow (TVD ~3,000’) well in 2018, followed by additional three horizontal wells to the same formation in 2019.
  • The three successful wells had average IPs of 120-590 BOPD.

• In May 2018, NDE and Eagle Valley Energy, a portfolio company of Alliance Bernstein Financial, signed a joint development agreement to develop 18,000 (gross) acres in the Haynesville and Mid-Bossier Formations in East Texas.
  • The acreage is located in the Haynesville and Bossier Shale “sweet spot” with porosity ranging from 7%-10%.
  • Both the Haynesville and Bossier reservoirs can be co-developed from single pads.
  • Recent offset horizontal wells hold a substantial production rate for a long period of time. IP 210 is approaching the same as the IP 30
  • The first joint development horizontal well was completed in the 1Q 2020. The well has the option of adding a stacked lateral in the Mid-Bossier Shale. A second well is planned in 2021 with future additional wells as is prudent.

• In June 2019, NDE and Prime Rock Resources (“Prime Rock”), an upstream portfolio company of Lime Rock Partners, signed an agreement to jointly develop certain assets contributed by each company in central Louisiana, targeting the emerging Austin Chalk play.
  • The development area covers approximately 120,000 net acres in Allen, Avoyelles, Beauregard, Rapides and Vernon Parishes, primarily in the legacy Masters Creek Field.
  • The first Austin Chalk horizontal well was completed in the 3Q 2020, and was tested at IP of 2,724 BOEPD.
  • The second Austin Chalk well is schedule to spud in the 1Q 2021.