Exploration, LLC


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PRIVATE SALE

TBN Exploration, LLC

Non-Operated Producing Package SEALED BID PROCESS

Liberty County, MT Blackjack Field Crockett and Sutton Counties, TX American, Ozona and Sawyer Fields (33 active wellbores) Grand County, UT Bar X Field (4 active wellbores)

Sealed bids due May 31, 2017

100000 10000 10 1

100 10

• 525 gross MCFD

10000 1000

• Notable operators: Anderson, Beartooth, Merit and Epic Permian

LOT = TBN EXPL

GAS

1000 100

• Working interest / ORRI

MCF/MO BO/MO

OPPORTUNITY HIGHLIGHTS

www.ogclearinghouse.com (281) 873-4600 OGAC201704250001NT

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(281) 873-4600

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[email protected] www.ogclearinghouse.com Oil & Gas Asset Clearinghouse, LLC 2017

PRIVATE SALE

TBN Exploration, LLC

Non-Operated Producing Package

Evaluation Data Available at

Business Development and Negotiations Team Patrick DaPra

Vice President - Negotiated Transactions [email protected] (832) 601‑7655

Thomas Medlin

Vice President - Business Development Oklahoma City [email protected] (405) 250‑0840

Data Room Now Open at www.ogclearinghouse.com Sealed Bids Due May 31, 2017

Hobby Abshier

Business Development [email protected] (281) 873-4600

Tom Campbell

Vice President - Engineering [email protected] (281) 873‑4600

Contact Clearinghouse: Patrick DaPra

VP - Negotiated Transactions [email protected] (832) 601-7655

Thomas Medlin

Vice President - Oklahoma City [email protected] (405) 250-0840

TBN Exploration Inc., (“Company”) is selling certain leasehold assets in various counties in Montana, Texas, and Utah. Oil & Gas Asset Clearinghouse, LLC (“Clearinghouse”) is the exclusive technical, marketing, and transaction advisor for this sale. The Company and Clearinghouse make no representations or warranties, either expressed or implied, as to the accuracy or completeness of this information or its suitability for any purpose. The sales process contemplated herein is not exclusive. The Company and Clearinghouse reserve the right to withdraw all or any portion of the assets or change all or any terms of this sales process at any time without notice to any potential purchaser.

www.ogclearinghouse.com OGAC201704250001NT

(281) 873-4600

Oil & Gas Asset Clearinghouse, LLC 1235 North Loop West, Suite 510 Houston, TX 77008 (281) 873‑4600

Clearinghouse has participated in the sale of over $13.2 billion. We market operated and nonoperated producing working interests, overrides, royalties, minerals and non-producing leaseholds to our database of over 20,000 registered and approved buyers and sellers.

[email protected] Oil & Gas Asset Clearinghouse, LLC 2017