Callon Petroleum Company Drilling Report

LEASE: PARISH /STATE: SPUD 7/5/04 WELL: University 7-34 #LH 4005AFE #: FIELD: DOL: LOC BLD DAYS: DFS: 45 RR: TX REPORT #: API #: 4-383-38968 DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: Drilling Report CONTRACTOR: LAT: 3.96070 LONG: -0.7350 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, WORKING WITH 3RD PARTY'S, FORKLIFT SAFETY, FOLLOWING PROCEDURE AND POLICYS. HES Risks Next 4 hrs: ELECTRICAL HAZARDS Lay Derrick Over and Rig Down Cactus 4-0055 CASING OD WT GRD RIG: 56 CURRENT ACTIVITY: Waiiting on daylight DRILLING FLUID TIME MW FV WL Shoe Test (ppg): ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W ES PRESSURE PARAMETERS BG: GAS: CONN: TRIP: SHOW DEPTHS MAX: Cl: LITHOLOGY: ROP REDUCED PUMP RATES PORE PRESSURE: PUMP SPM PRESS # # GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A DEPTH HEAVIES BIT DATA NO. SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP BIT NO. T B G HYDRAULICS DATA PUMP MAKE MODEL LINER STK DP CAP SPM PSI GPM GPS ANN CAP EFF% AVDP KOP AVDC HSI ECD CONSISTS OF: LENGTH ROT. WT. SURVEY DATA ANGLE WT. AIR P.U. WT. AZIMUTH WT. MUD S.O. WT. N/S COORDINATES HRS. ON JARS TORQUE E/W V. SECTION DLS MISCELLANEOUS DATA FROM TO HRS ACTIVITY 6:00 0:00 4.0 Rigup /Tear Dwn 0:00 6:00 0.0 Other DIESEL FUEL (GALS) ACCIDENTS: Rig down, start moving misc. rig, R/D Floor remove top houses. Attempt to lay derrick over unable to get derrick shoe pins out, use porta- power and apply 6.500 pis. w/o success. Install rig walker cylinder in attempt to level rig, still unable to remove pin. Will install two on ODS in attempt to knock pin out at daylight. Shut down for night TOTAL MAN HRS: 907 None Crane arrived at location @ 5:30 TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 76,300 Daily Intangible: $ 76,300 Cum Intangible: $ 76,300 Daily Tangible: $ Cum Tangible: $ Daily Mud: $ Cum Mud: $ WELL: University 7-34 #LH 40055 REPORT WellEz Information Management, LLC Ver. 7.4.4bg 76,300 07/5/04

Drilling Report Pg. WELL: FROM University 7-34 #LH 40055 TO HRS ACTIVITY 7/5/04 TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 4 Cactus Rig Manager 4 4 Cactus Rig Crews 68 68 Butch's Rig Move 44 44 Pro Tech Pipe Inspection 3 Omron Operating System Tech FP USA Rental Equipment 6 6 Express Location Liner 5 35 35 Misc. Sales 6 6 6 Butch's Rathole Set Consuctor 3 Penn Construction Location Building 8 9 9 Lobos Haul Brine 4 96 96 Lobos Haul OBM 4 96 96 Mustang Rst. Lay Water line 4 3 3 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: PARISH /STATE: SPUD 7/6/04 WELL: University 7-34 #LH 4005AFE #: FIELD: DOL: LOC BLD DAYS: DFS: 46 RR: TX REPORT #: API #: 4-383-38968 DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: Drilling Report CONTRACTOR: LAT: 3.96070 LONG: -0.7350 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, WORKING WITH 3RD PARTY'S, FORKLIFT SAFETY, FOLLOWING PROCEDURE AND POLICYS, HES Risks Next 4 hrs: ELECTRICAL HAZARDS, USING TAG LINE Continue moving out and Rigging up. Cactus 4-0055 CASING OD WT GRD RIG: 56 CURRENT ACTIVITY: Shut Down for Night DRILLING FLUID TIME MW FV WL Shoe Test (ppg): ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W ES PRESSURE PARAMETERS BG: GAS: CONN: TRIP: SHOW DEPTHS MAX: Cl: LITHOLOGY: ROP REDUCED PUMP RATES PORE PRESSURE: PUMP SPM PRESS # # GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A DEPTH HEAVIES BIT DATA NO. SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP BIT NO. T B G HYDRAULICS DATA PUMP MAKE MODEL LINER STK DP CAP SPM PSI GPM GPS ANN CAP EFF% AVDP KOP AVDC HSI ECD CONSISTS OF: LENGTH ROT. WT. SURVEY DATA ANGLE WT. AIR P.U. WT. AZIMUTH WT. MUD S.O. WT. N/S COORDINATES HRS. ON JARS TORQUE E/W V. SECTION DLS MISCELLANEOUS DATA FROM TO HRS 6:00 :00 5.0 ACTIVITY Rigup /Tear Dwn DIESEL FUEL (GALS) TOTAL MAN HRS: ACCIDENTS: Rig Down and Load out. Wash crew set up cleaning outbound loads off location. Removed ODS derrick pin @ 0;830 by leveling rig. 8 loads left on Pembrook Location,594 None TOTAL HRS 5.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 30,800 Daily Intangible: $ 30,800 Cum Intangible: $ 07,00 Daily Tangible: $ Cum Tangible: $ Daily Mud: $ Cum Mud: $ WELL: University 7-34 #LH 40055 REPORT WellEz Information Management, LLC Ver. 7.4.4bg 07,00 07/6/04

Drilling Report Pg. WELL: FROM University 7-34 #LH 40055 TO HRS ACTIVITY 7/6/04 TOTAL HRS 5.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 48 Cactus Rig Manager 4 48 Cactus Rig Crews 68 3 Butch's Rig Move 3 434 578 Pro Tech Pipe Inspection 3 7 Omron Operating System Tech FP USA Rental Equipment 7 Express Location Liner 35 Misc. Sales 6 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line 3 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: PARISH /STATE: SPUD 7/7/04 WELL: University 7-34 #LH 4005AFE #: FIELD: DOL: LOC BLD DAYS: DFS: 47 RR: TX REPORT #: API #: 4-383-38968 DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 3 Drilling Report CONTRACTOR: LAT: 3.96070 LONG: -0.7350 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, WORKING WITH 3RD PARTY'S, FORKLIFT SAFETY, FOLLOWING PROCEDURE AND POLICYS, HES Risks Next 4 hrs: ELECTRICAL HAZARDS, USING TAG LINE Raise Derrick, Continue to Rig Up Cactus 4-0055 CASING OD WT GRD RIG: 56 CURRENT ACTIVITY: Shut Down for Night DRILLING FLUID TIME MW FV WL Shoe Test (ppg): ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W ES PRESSURE PARAMETERS BG: GAS: CONN: TRIP: SHOW DEPTHS MAX: Cl: LITHOLOGY: ROP REDUCED PUMP RATES PORE PRESSURE: PUMP SPM PRESS # # GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A DEPTH HEAVIES BIT DATA NO. SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP BIT NO. T B G HYDRAULICS DATA PUMP MAKE MODEL LINER STK DP CAP SPM PSI GPM GPS ANN CAP EFF% AVDP KOP AVDC HSI ECD CONSISTS OF: LENGTH ROT. WT. SURVEY DATA ANGLE WT. AIR P.U. WT. AZIMUTH WT. MUD S.O. WT. N/S COORDINATES HRS. ON JARS TORQUE E/W V. SECTION DLS MISCELLANEOUS DATA FROM TO HRS 6:00 8:00.0 ACTIVITY Rigup /Tear Dwn DIESEL FUEL (GALS) TOTAL MAN HRS: ACCIDENTS: Move Camps and set in, Load out remaining rig equipment, clean location, set subs and center over hole, Set in center steel, set drawworks and drill line spool, pin derrick, Replace hoist lines, prep derrick to raise, pin service tray arms to rig. Hook up electric lines to VFD. Hook up gen package.,06 None 8:00 6:00.0 Rigup /Tear Dwn Shut Down for Night TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 30,800 Daily Intangible: $ 30,800 Cum Intangible: $ 37,900 Daily Tangible: $ WELL: University 7-34 #LH 40055 Cum Tangible: $ Daily Mud: $ Cum Mud: $ WellEz Information Management, LLC Ver. 7.4.4bg REPORT 37,900 07/7/04

Drilling Report Pg. WELL: FROM University 7-34 #LH 40055 TO HRS ACTIVITY 7/7/04 TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 7 Cactus Rig Manager 4 7 Cactus Rig Crews 68 504 Butch's Rig Move 0 60 838 Pro Tech Pipe Inspection 3 08 Omron Operating System Tech FP USA Rental Equipment 7 Express Location Liner 35 Misc. Sales 6 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line 3 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: PARISH /STATE: SPUD 7/8/04 WELL: University 7-34 #LH 4005AFE #: FIELD: DOL: LOC BLD DAYS: DFS: 48 RR: TX REPORT #: API #: 4-383-38968 DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 4 Drilling Report CONTRACTOR: LAT: 3.96070 LONG: -0.7350 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, WORKING WITH 3RD PARTY'S, FORKLIFT SAFETY, FOLLOWING PROCEDURE AND POLICYS, HES Risks Next 4 hrs: ELECTRICAL HAZARDS, USING TAG LINE Continue to R/U, Spud and Drill to +/- 650 ft. Cactus 4-0055 CASING OD WT GRD RIG: 56 CURRENT ACTIVITY: Shut down for night DRILLING FLUID TIME MW FV WL Shoe Test (ppg): ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W ES PRESSURE PARAMETERS BG: GAS: CONN: TRIP: SHOW DEPTHS MAX: Cl: LITHOLOGY: ROP REDUCED PUMP RATES PORE PRESSURE: PUMP SPM PRESS # # GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A DEPTH HEAVIES BIT DATA NO. SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP BIT NO. T B G HYDRAULICS DATA PUMP MAKE MODEL LINER STK DP CAP SPM PSI GPM GPS ANN CAP EFF% AVDP KOP AVDC HSI ECD CONSISTS OF: LENGTH ROT. WT. SURVEY DATA ANGLE WT. AIR P.U. WT. AZIMUTH WT. MUD S.O. WT. N/S COORDINATES HRS. ON JARS TORQUE E/W V. SECTION DLS MISCELLANEOUS DATA FROM TO HRS 6:00 9:00 3.0 ACTIVITY Rigup /Tear Dwn DIESEL FUEL (GALS) 3,700 TOTAL MAN HRS:,434 Rig Up, 00% Set In, 75% R/U Butch's Trucks and Cranes Released @ 9:00 hrs. ACCIDENTS: None 9:00 6:00.0 Rigup /Tear Dwn Shut Down for Night TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 76,48 Daily Intangible: $ 76,48 Cum Intangible: $ 34,38 Daily Tangible: $ WELL: University 7-34 #LH 40055 Cum Tangible: $ Daily Mud: $ Cum Mud: $ WellEz Information Management, LLC Ver. 7.4.4bg REPORT 34,38 07/8/04

Drilling Report Pg. WELL: FROM University 7-34 #LH 40055 TO HRS ACTIVITY 7/8/04 TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 96 Cactus Rig Manager 4 96 Cactus Rig Crews 68 67 Butch's Rig Move 8 04 94 Pro Tech Pipe Inspection 08 Omron Operating System Tech 8 0 FP USA Rental Equipment 7 Express Location Liner 35 Misc. Sales 6 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line 3 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: PARISH /STATE: SPUD 7/9/04 WELL: University 7-34 #LH 4005AFE #: FIELD: DOL: LOC BLD DAYS: DFS: 49 RR: TX REPORT #: API #: 4-383-38968 DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 5 Drilling Report CONTRACTOR: LAT: 3.96070 LONG: -0.7350 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, WORKING WITH 3RD PARTY'S, FORKLIFT SAFETY, FOLLOWING PROCEDURE AND POLICYS, HES Risks Next 4 hrs: ELECTRICAL HAZARDS, USING TAG LINE Work with Omon, installing programs and re-witing, Make up Bit, Spud Cactus 4-0055 CASING OD WT GRD RIG: 56 CURRENT ACTIVITY: Working With OMRON DRILLING FLUID TIME MW FV WL Shoe Test (ppg): ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W ES PRESSURE PARAMETERS BG: GAS: CONN: TRIP: SHOW DEPTHS MAX: Cl: LITHOLOGY: ROP REDUCED PUMP RATES PORE PRESSURE: PUMP SPM PRESS # # GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A DEPTH HEAVIES BIT DATA NO. SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP BIT NO. T B G HYDRAULICS DATA PUMP MAKE MODEL LINER STK DP CAP SPM PSI GPM GPS ANN CAP EFF% AVDP KOP AVDC HSI ECD CONSISTS OF: LENGTH ROT. WT. SURVEY DATA ANGLE WT. AIR P.U. WT. AZIMUTH WT. MUD S.O. WT. N/S COORDINATES HRS. ON JARS TORQUE E/W V. SECTION DLS MISCELLANEOUS DATA FROM TO HRS 6:00 8:00.0 ACTIVITY Rigup /Tear Dwn DIESEL FUEL (GALS) -400 TOTAL MAN HRS: ACCIDENTS: R/U top drive service loop and Kelly hose. R/U hydraulic hoist on floor, R/U hydraulic cat head, Hook up electrical for pipe cat, Install Pipe cat, Finish R/U floor, add oil T.D. Replace Fuel Filters all engines, Install Shaker trough, Hook up shaker manifold and trip tank/ Work with Omron to download programs for Drawworks line speed and link tilt After downloading programs drawworks brake would not release, Got drawworks back working @ 6:00 hrs. Top Drive grabber wouldn't work, rewrite program, still not working,78 Spool up drum, weld on conductor riser and stabilize, R/u derrick climber and slow decent line None 8:00 6:00.0 Rigup /Tear Dwn Install flow line and Extensions, R/U transfer pumps to circulate reserve pit, Hook up Pason lines, R/U bales and elevators, Calibrate Omron, R/U pipe cat and function test. Set pipe racks, continue to work with OMRON, Check line speed after last down load, Hoist now 35'/minute, Link Tilt safety feature still set @ 65', Work on up grade program, Mud pumps not functioning due to faults, trouble shoot. While trouble shooting, black out rig, Got rig running, now nothing works again TOTAL HRS 4.0 Notified TRRC District 7 with Intent to spud and cement. Spoke with Amanda, Job # issued 670 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 3,5 Daily Intangible: $ 3,5 Cum Intangible: $ 345,553 Daily Tangible: $ WELL: University 7-34 #LH 40055 Cum Tangible: $ Daily Mud: $ Cum Mud: $ WellEz Information Management, LLC Ver. 7.4.4bg REPORT 345,553 07/9/04

Drilling Report Pg. WELL: FROM University 7-34 #LH 40055 TO HRS ACTIVITY 7/9/04 TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 0 Cactus Rig Manager 4 0 Cactus Rig Crews 68 840 Butch's Rig Move 8 04 046 Pro Tech Pipe Inspection 08 Omron Operating System Tech 4 44 FP USA Rental Equipment 7 Express Location Liner 35 Misc. Sales 3 3 9 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line/trash trailer 4 3 3 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: PARISH /STATE: SPUD 7/30/04 WELL: University 7-34 #LH 4005AFE #: FIELD: DOL: LOC BLD DAYS: DFS: 50 RR: TX REPORT #: API #: 4-383-38968 DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 6 Drilling Report CONTRACTOR: LAT: 3.96070 LONG: -0.7350 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, WORKING WITH 3RD PARTY'S, FORKLIFT SAFETY, FOLLOWING PROCEDURE AND POLICYS, HES Risks Next 4 hrs: ELECTRICAL HAZARDS, USING TAG LINE Install Program, Spud and drill to +/- 650 ft. Cactus 4-0055 CASING OD WT GRD RIG: 6 CURRENT ACTIVITY: Awaiting program change from Omron, Preparing to Spud, DRILLING FLUID TIME MW FV WL Shoe Test (ppg): ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W ES PRESSURE PARAMETERS BG: GAS: CONN: TRIP: SHOW DEPTHS MAX: Cl: LITHOLOGY: ROP REDUCED PUMP RATES PORE PRESSURE: PUMP SPM PRESS # # GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A DEPTH HEAVIES BIT DATA NO. SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP BIT NO. T B G HYDRAULICS DATA PUMP MAKE MODEL LINER STK DP CAP SPM PSI GPM GPS ANN CAP EFF% AVDP KOP AVDC HSI ECD CONSISTS OF: LENGTH ROT. WT. SURVEY DATA ANGLE WT. AIR P.U. WT. AZIMUTH WT. MUD S.O. WT. N/S COORDINATES HRS. ON JARS TORQUE E/W V. SECTION DLS MISCELLANEOUS DATA FROM TO HRS 6:00 6:00 4.0 ACTIVITY Repair Rig DIESEL FUEL (GALS) -300 TOTAL MAN HRS: ACCIDENTS: Continue working with Omron to troubleshoot programming issues. Wait on Tech. to fly in from Utah to help rewire chair. while working with Omron rack and strap R/U bulk tanks and repair blower. Pre-Spud inspection and preparations, rebuild " stand pipe valve. Drillers chair was rewired by Tech. awaiting program change from Omron. Go thru both mud pumps and change liners, swabs, valves. 3,40 None TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 30,800 Daily Intangible: $ 30,800 Cum Intangible: $ 376,353 Daily Tangible: $ WELL: University 7-34 #LH 40055 Cum Tangible: $ Daily Mud: $ Cum Mud: $ WellEz Information Management, LLC Ver. 7.4.4bg REPORT 376,353 07/30/04

Drilling Report Pg. WELL: FROM University 7-34 #LH 40055 TO HRS ACTIVITY 7/30/04 TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 44 Cactus Rig Manager 4 44 Cactus Rig Crews 68 008 Butch's Rig Move 8 04 50 Pro Tech Pipe Inspection 08 Omron Operating System Tech 80 FP USA Rental Equipment 7 Express Location Liner 35 Misc. Sales 3 3 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line/trash trailer 3 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: PARISH /STATE: SPUD 7/3/04 WELL: University 7-34 #LH 4005AFE #: FIELD: DOL: LOC BLD DAYS: DFS: 5 RR: TX REPORT #: API #: 4-383-38968 DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 7 Drilling Report CONTRACTOR: LAT: 3.96070 LONG: -0.7350 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, WORKING WITH 3RD PARTY'S, FORKLIFT SAFETY, FOLLOWING PROCEDURE AND POLICYS, HES Risks Next 4 hrs: ELECTRICAL HAZARDS, USING TAG LINE, ROTARY SAFETY WHILE P/U PIPE AND Re time I Bop to where it will fully open and close, Cactus 4-0055 CASING OD WT GRD RIG: 6 CURRENT ACTIVITY: Breaking bit to get protector pieces out of jets, DRILLING FLUID TIME MW FV WL Shoe Test (ppg): ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W ES PRESSURE PARAMETERS BG: GAS: CONN: TRIP: SHOW DEPTHS MAX: Cl: LITHOLOGY: ROP REDUCED PUMP RATES PORE PRESSURE: PUMP SPM PRESS # # GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A DEPTH HEAVIES BIT DATA NO. SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP BIT NO. T B G HYDRAULICS DATA PUMP MAKE MODEL LINER STK DP CAP SPM PSI GPM GPS ANN CAP EFF% AVDP KOP AVDC HSI ECD CONSISTS OF: LENGTH ROT. WT. SURVEY DATA ANGLE WT. AIR P.U. WT. AZIMUTH WT. MUD S.O. WT. N/S COORDINATES HRS. ON JARS TORQUE E/W V. SECTION DLS MISCELLANEOUS DATA FROM TO HRS 6:00 0:00 8.0 ACTIVITY Repair Rig DIESEL FUEL (GALS) -400 TOTAL MAN HRS: Continue working with Omron trouble shooting operating system changes and download software, Fixed link tilt heights error. new usable height 80', changed out pressure sensor line. 3,373 ACCIDENTS: from MP # & to rig, pressure test back to manual I BOP valve, reprogramed torque wrench switch acceptable. None 0:00 :30.5 WOW Weight on Weather due to severe lightning :30 :30.0 P/U tools,, Bit, Motor, SS, tag @ 0' attempt. to break circulation :30 6:00 3.5 TOOH, found drill pipe protector off saver sub in crows foot on top of baffle plate, pull out checking motor, bit, jets for more pieces of protector. TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 65,800 Daily Intangible: $ 65,800 Cum Intangible: $ 3,53 Daily Tangible: $ WELL: University 7-34 #LH 40055 Cum Tangible: $ Daily Mud: $ Cum Mud: $ WellEz Information Management, LLC Ver. 7.4.4bg REPORT 3,53 07/3/04

Drilling Report Pg. WELL: FROM University 7-34 #LH 40055 TO HRS ACTIVITY 7/3/04 TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 68 Cactus Rig Manager 4 68 Cactus Rig Crews 44 5 Butch's Rig Move 50 Pro Tech Pipe Inspection 08 Omron Operating System Tech 6 FP USA Rental Equipment 7 Express Location Liner 35 Misc. Sales 5 5 7 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line/trash trailer 3 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: PARISH /STATE: SPUD 8//04 WELL: University 7-34 #LH 4005AFE #: FIELD: DOL: LOC BLD DAYS: DFS: 5 RR: TX REPORT #: API #: 4-383-38968 DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 8 640 CONTRACTOR: LAT: 3.96070 LONG: -0.7350 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, WORKING WITH 3RD PARTY'S, FORKLIFT SAFETY, FOLLOWING PROCEDURE AND POLICYS, HES Risks Next 4 hrs: ELECTRICAL HAZARDS, USING TAG LINE, ROTARY SAFETY WHILE P/U PIPE AND TIH to 470' wash and ream thru tight spot, TOOH R/U and run casing. Cactus 4-0055 CASING OD WT 640 Drilling Report GRD RIG: 6 CURRENT ACTIVITY: TIH DRILLING FLUID TIME MW FV WL Shoe Test (ppg): ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W ES PRESSURE PARAMETERS BG: GAS: CONN: TRIP: SHOW DEPTHS MAX: Cl: LITHOLOGY: ROP REDUCED PUMP RATES PORE PRESSURE: PUMP SPM PRESS # # GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A DEPTH HEAVIES BIT DATA NO. SIZE MAKE TYPE SER NO. NOZZLES 7.50 NOV TFFX59S E9487 4X4, X6 TFA IN OUT FEET HRS WOB RPM AV ROP 0 640 530 6 5 58 88 BIT NO. T B G DP CAP ANN CAP KOP HYDRAULICS DATA PUMP MAKE MODEL LINER STK SPM PSI GPM GPS F-600 5.50.00 90,00 37 3.5 F-600 5.50.00 90,00 37 3.5 CONSISTS OF: Bit, XO, Motor, Double Pin X-O, Shock Sub, -8: Dc, StB, 5 8" DC, XO, -6" DC,XO LENGTH 63.87 WT. AIR WT. MUD ROT. WT. P.U. WT. S.O. WT. SURVEY DATA ANGLE AZIMUTH N/S 5.75 46 0.50 45 0.75 EFF% AVDP AVDC HSI HRS. ON JARS TORQUE COORDINATES E/W V. SECTION DLS ECD MISCELLANEOUS DATA FROM TO HRS 6:00 6:30 0.5 ACTIVITY Other DIESEL FUEL (GALS) -,000 TOTAL MAN HRS: 3,670 Break Bit and clean out jets, pieces of thread protector from IBOP ACCIDENTS: None 6:30 8:30.0 Repair Rig RE-Time IBOP 8:30 9:00 0.5 Drilling Drlg. F/0' to 53' 9:00 9:30 0.5 Deviation Survey Circulate and W/L survey @ 5' =.75 Deg. 9:30 :30.0 Drilling Drlg. F/53' to 46' :30 :00 0.5 Deviation Survey Circulate and Survey @ 46' =.50 Deg. :00 4:00.0 Drilling Drlg. F/46' to 460' 4:00 4:30 0.5 Deviation Survey Circulate & Survey @ 45'=0.75 Deg. 4:30 6:00.5 Drilling Drlg. F/460' to 640' (Casing Point) 6:00 7:00.0 Cond Mud & Circ Circulate Hole Clean TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 30,800 Daily Intangible: $ 30,800 Cum Intangible: $ 34,953 Daily Tangible: $ WELL: University 7-34 #LH 40055 Cum Tangible: $ Daily Mud: $ Cum Mud: $ WellEz Information Management, LLC Ver. 7.4.4bg REPORT 34,953 08/0/04

WELL: University 7-34 #LH 40055 FROM TO HRS ACTIVITY 7:00 9:30.5 Drilling Report Pg. Trip out to run 3 3/8 Casing. Lay Down Bit, Motor, Shock Sub 8//04 9:30 0:30.0 Run Csg & Cement Rig Down Bails, Elevators, Rig Up Casing Crew 0:30 3:00.5 Run Csg & Cement Make up Float Shoe and Collar, Run Casing to 470' hit ledge 3:00 :30.5 Washing / ReamingRig up Circulating Iron & Swedge, Circulate and attempt to wash thru tight spot without success. :30 4:00.5 UnPlanned Lay Casing Down 4:00 5:00.0 UnPlanned Rig Down Casing Crew, Change out bales and elevators. 5:00 6:00.0 UnPlanned P/U Bit, Bit Sub, Stb. and TIH to ream tight spot. TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 9 Cactus Rig Manager 4 9 Cactus Rig Crews 44 96 Butch's Rig Move 50 Pro Tech Pipe Inspection 08 Omron Operating System Tech 5 FP USA Rental Equipment 7 Express Location Liner 4 3 67 Misc. Sales 5 5 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line/trash trailer 3 Alied Cement 4 3 3 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: PARISH /STATE: 8//04 WELL: University 7-34 #LH 4005AFE #: FIELD: SPUD 7/3/04 DOL: LOC BLD DAYS: DFS: 8 RR: TX REPORT #: API #: 4-383-38968 DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 9 CONTRACTOR: LAT: 3.96070 LONG: -0.7350 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, WORKING WITH 3RD PARTY'S, FORKLIFT SAFETY, FOLLOWING PROCEDURE AND POLICYS, HES Risks Next 4 hrs: ELECTRICAL HAZARDS, USING TAG LINE, ROTARY SAFETY WHILE P/U PIPE AND Nippled Up, Test Bop, P/U drilling assembly, TIH, test csg. Drill out shoe track, Drill Ahead Cactus 4-0055 CASING OD WT 640 Drilling Report GRD RIG: 6 CURRENT ACTIVITY: Nippling up BOP DRILLING FLUID TIME MW FV WL Shoe Test (ppg): ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W ES PRESSURE PARAMETERS BG: GAS: CONN: TRIP: SHOW DEPTHS MAX: Cl: LITHOLOGY: ROP REDUCED PUMP RATES PORE PRESSURE: PUMP SPM PRESS # # GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A DEPTH HEAVIES BIT DATA NO. SIZE MAKE TYPE SER NO. NOZZLES 7.50 NOV TFFX59S E9487 4X4, X6 TFA IN OUT FEET HRS WOB RPM AV ROP 0 640 530 6 5 58 88 BIT NO. T B G DP CAP ANN CAP KOP HYDRAULICS DATA PUMP MAKE MODEL LINER STK SPM PSI GPM GPS F-600 5.50.00,00 37 3.5 F-600 5.50.00,00 37 3.5 CONSISTS OF: Bit, XO, Motor, Double Pin X-O, Shock Sub, -8: Dc, StB, 5 8" DC, XO, -6" DC,XO LENGTH 63.87 WT. AIR WT. MUD ROT. WT. P.U. WT. S.O. WT. SURVEY DATA ANGLE AZIMUTH N/S EFF% AVDP AVDC HSI HRS. ON JARS TORQUE COORDINATES E/W V. SECTION DLS ECD MISCELLANEOUS DATA FROM TO HRS 6:00 7:00.0 ACTIVITY DIESEL FUEL (GALS) TIH to wash out ledge. -800 TOTAL MAN HRS: 4,00 ACCIDENTS: None 7:00 9:00.0 Washing / Reaming Tag up at 470' set 35K, Ream 470' to 47, not able to wash down after. Ream and Back Ream thru ledge @ 470' 5 times. Attempt to wash without rotating no success. Work past ledge by setting wt. down and slow rotating with 5 RPM. Wash thru spot 5 times without rotating, Ream 450' to 50'. Ream and wash to bottom. Did not see any tight hole 9:00 9:30 0.5 Cond Mud & Circ Pump sweep and circulate hole clean. 9:30 0:00 0.5 Lubricate Rig Service Rig and Repair oil leak 0:00 :00.0 Trip out of Hole and lay down tools. Slack off every stand while TOOH to make sure get back down without rotating :00 3:00.0 Run Csg & Cement Safety Meeting with Express, Change out bales, and R/U to run casing. 3:00 5:00.0 Run Csg & Cement Run 5 jts. 3 5/8 54.5#, J-55 casing to bottom. (Received 3 jts from Rig 56 to replace 3 bad jt. Done visual inspection, and lay out 3 jts. from laid down string, Received 5:00 8:00 3.0 Run Csg & Cement Rig 650' Down Express while circulating, Safety meeting with Allied, Cement as per program. Bumped plug at 460 psi. carry to 780 psi. and monitor, no leakage, 8:00 8:30 0.5 Wait on Cement Returned WOC and 37 Pump bbls. thru (6 conductor SK and flow line to wash out cement. TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 05,908 Daily Intangible: $ 80,708 Cum Intangible: $ 448,86 Daily Tangible: $ 5,00 Cum Tangible: $ Daily Mud: $ Cum Mud: $ WELL: University 7-34 #LH 40055 REPORT WellEz Information Management, LLC Ver. 7.4.4bg 43,66 5,00 08/0/04

WELL: University 7-34 #LH 40055 FROM TO HRS ACTIVITY 8:30 :00 3.5 Wait on Cement Drilling Report Pg. Wait on Cement, Prep rotating head assembly, DSA, Well Head, Riser Spools, 8//04 :00 3:00.0 Other Cut off Conductor Riser, Make rough and final cut on casing. 3:00 3:30 4.5 Other Install 3 5/8 casing head 56" below ground level and test to,000 psi. for 5 minutes. 3:30 6:00.5 Nipple Up B.O.P. Nipple up BOP TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 6 Cactus Rig Manager 4 6 Cactus Rig Crews 44 440 Butch's Rig Move 50 Pro Tech Pipe Inspection 08 Omron Operating System Tech 88 FP USA Rental Equipment 7 Express Location Liner 4 40 07 Misc. Sales 3 3 5 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line/trash trailer 3 Alied Cement 4 60 9 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: PARISH /STATE: 8/3/04 WELL: University 7-34 #LH 4005AFE #: FIELD: SPUD 7/3/04 DOL: LOC BLD DAYS: DFS: 9 3 RR: TX REPORT #: DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 0 API #: 4-383-38968 CONTRACTOR: LAT: 3.96070 LONG: -0.7350 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, WORKING WITH 3RD PARTY'S, FORKLIFT SAFETY, FOLLOWING PROCEDURE AND POLICYS, HES Risks Next 4 hrs: ELECTRICAL HAZARDS, USING TAG LINE, ROTARY SAFETY WHILE P/U PIPE AND Drill ahead Cactus 4-0055 CASING OD WT 956 Drilling Report GRD RIG: 6 CURRENT ACTIVITY: Drilling @ 956' DRILLING FLUID TIME MW FV WL Shoe Test (ppg): ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W ES PRESSURE PARAMETERS BG: GAS: CONN: TRIP: SHOW DEPTHS MAX: Cl: LITHOLOGY: ROP REDUCED PUMP RATES PORE PRESSURE: PUMP SPM PRESS # # GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A DEPTH HEAVIES BIT DATA NO. SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP.5 U;terra U76F 50 6X5.035 64 956 35 7.50 NOV TFFX59S E9487 4X4, X6 0 640 530 6 BIT NO. T B G DP CAP ANN CAP KOP HYDRAULICS DATA PUMP MAKE MODEL LINER STK SPM PSI GPM GPS F-600 5.50.00 90,5 37 3.5 F-600 5.50.00 90,5 37 3.5 CONSISTS OF: Bit, Motor, flow drift, -8: Dc, R/R, - 8" DC, R/R, 4-8" DC,-6" DC,XO, 9-HWDP LENGTH 67.88 WT. AIR WT. MUD ROT. WT. P.U. WT. S.O. WT. SURVEY DATA ANGLE AZIMUTH N/S 708 0.80 0 59 58 5 58 88 EFF% AVDP AVDC HSI ECD HRS. ON JARS TORQUE COORDINATES E/W V. SECTION DLS MISCELLANEOUS DATA FROM TO HRS ACTIVITY 6:00 0:30 4.5 Nipple Up B.O.P. 0:30 6:00 5.5 Repair Rig 6:00 :30 5.5 Test B.O.P. DIESEL FUEL (GALS) -700 TOTAL MAN HRS: ACCIDENTS: Nipple up BOP, Flow line, choke line, Change out Bails & Elevators, lay out casing equipment, hook up mud bucket hose from rig floor to tanks, Nipple Down BOP due to not testing found rocks in break at DSA from lower rams to ' 3 5/8 0M drilling spool. Break and clean bottom break on spool. Test BOPE 50 low,,500 high, Rig down Hydrostatic testers and load out 4,90 None :30 3:30.0 Make up bit, motor, flow drift, 8" DC, R/R, 8" DC, R/R 3:30 :00.5 TIH with to 580', Tag Up, Circulate 0 minutes :00 :30 0.5 Other Test Csg. to 500 psi., for 30 minutes, (Good Test) :30 :30.0 Other Drill Float Collar and Cement to 60' :30 3:00 0.5 Lubricate Rig Service Rig and Repair oil leak on top drive 3:00 3:30 0.5 Other Drill Cement F/60' to 630' Circulate, Re-test casing to 500 psi. good test 3:30 4:00 0.5 Other Drill 60' to 64 ' TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 58,05 Daily Intangible: $ 44,704 Cum Intangible: $ 507,066 Daily Tangible: $ 3,50 Cum Tangible: $ Daily Mud: $ Cum Mud: $ WELL: University 7-34 #LH 40055 REPORT WellEz Information Management, LLC Ver. 7.4.4bg 468,5 38,70 08/03/04

Drilling Report Pg. WELL: University 7-34 #LH 40055 FROM TO HRS ACTIVITY 4:00 6:00.0 Drilling Drlg. F/ 64' to 956' 8/3/04 TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 40 Cactus Rig Manager 4 40 Cactus Rig Crews 44 584 Butch's Rig Move 50 Pro Tech Pipe Inspection 08 Omron Operating System Tech 88 FP USA Rental Equipment 7 Express Location Liner 07 Misc. Sales 6 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line/trash trailer 3 Alied Cement 4 60 5 Hydrostatic Testers Test BOP 3 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: API #: 4-383-38968 Surface 3-5/8 55 J-55 64 PARISH /STATE: 8/4/04 WELL: University 7-34 #LH 4005AFE #: FIELD: SPUD 7/3/04 DOL: LOC BLD DAYS: DFS: 0 4 RR: TX REPORT #: DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 3,65 CONTRACTOR: LAT: 3.96070 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, FORKLIFT SAFETY, ROTARY TABLE SAFETY HES Risks Next 4 hrs: Drill to 6,000', TOOH for MWD-Gamma tools Cactus 4-0055 CASING OD WT 4, Drilling Report GRD LONG: -0.7350 RIG: 6 CURRENT ACTIVITY: Drilling @ 4, DRILLING FLUID TIME MW FV WL Shoe Test (ppg): ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W ES PRESSURE PARAMETERS BG: GAS: CONN: TRIP: SHOW DEPTHS MAX: Cl: LITHOLOGY: ROP REDUCED PUMP RATES PORE PRESSURE: PUMP SPM PRESS # # GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A DEPTH HEAVIES BIT DATA NO. SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP.5 Ulterra U76F 50 6X5.035 956 4, 3,65 5 7.50 NOV TFFX59S E9487 4X4, X6 0 640 530 6 BIT NO. T B G DP CAP ANN CAP KOP HYDRAULICS DATA PUMP MAKE MODEL LINER STK SPM PSI GPM GPS F-600 5.50.00 90,700 37 3.5 F-600 5.50.00 90,700 37 3.5 CONSISTS OF: Bit, Motor, flow drift, -8: Dc, R/R, - 8" DC, R/R, 4-8" DC,-6" DC,XO, 9-HWDP LENGTH 894.43 WT. AIR WT. MUD ROT. WT. P.U. WT. S.O. WT. SURVEY DATA ANGLE AZIMUTH N/S,584 0.80,960 0.90 3,58.0 3,995 MISCELLANEOUS DATA FROM TO HRS 6:00 6:00 0.0.30 DIESEL FUEL (GALS) ACTIVITY Drilling Drlg. F/956' to,584' 0 59 7 5 58 88 EFF% AVDP AVDC HSI ECD HRS. ON JARS TORQUE COORDINATES E/W V. SECTION DLS -5 TOTAL MAN HRS: 4,483 ACCIDENTS: None 6:00 6:30 0.5 Lubricate Rig Service Rig, Top Drive, Blocks, ST-80, 6:30 9:00.5 Drilling Drlg. F/,584' to,900' 9:00 9:30 0.5 Other Work on Callon reserve pit transfer pump 9:30 6:00 0.5 Drilling Drlg. F/,900' to 4,' TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 43-64-9744 40,790 Daily Intangible: $ 40,790 Cum Intangible: $ 547,856 Daily Tangible: $ Cum Tangible: $ Daily Mud: $ Cum Mud: $ WELL: University 7-34 #LH 40055 REPORT WellEz Information Management, LLC Ver. 7.4.4bg 509,55 38,70 08/04/04

Drilling Report Pg. WELL: FROM University 7-34 #LH 40055 TO HRS ACTIVITY 8/4/04 TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 64 Cactus Rig Manager 4 64 Cactus Rig Crews 44 78 Butch's Rig Move 50 Pro Tech Pipe Inspection 08 Omron Operating System Tech 88 FP USA Rental Equipment 7 Express Location Liner 07 Misc. Sales 7 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line/trash trailer 3 Alied Cement 5 Hydrostatic Testers Test BOP FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: API #: 4-383-38968 Surface 3-5/8 55 J-55 64 PARISH /STATE: 8/5/04 WELL: University 7-34 #LH 4005AFE #: FIELD: SPUD 7/3/04 DOL: LOC BLD DAYS: DFS: 5 RR: TX REPORT #: DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST:,879 CONTRACTOR: LAT: 3.96070 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, FORKLIFT SAFETY, ROTARY TABLE SAFETY HES Risks Next 4 hrs: Make up Tools in, TIH Drlg. to core pt. Cactus 4-0055 CASING OD WT 6,000 Drilling Report GRD LONG: -0.7350 RIG: 6 CURRENT ACTIVITY: TOOH for Gamma and MWD DRILLING FLUID TIME MW FV WL Shoe Test (ppg): ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W ES PRESSURE PARAMETERS BG: GAS: CONN: TRIP: SHOW DEPTHS MAX: Cl: LITHOLOGY: ROP REDUCED PUMP RATES PORE PRESSURE: PUMP SPM PRESS # # GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A DEPTH HEAVIES BIT DATA NO. SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP.5 Ulterra U76F 50 6X5.035 956 6,000 5,044 44 7.50 NOV TFFX59S E9487 4X4, X6 0 640 530 6.0 DIESEL FUEL (GALS) ACTIVITY Drilling Drlg. F/4,' to 4,748' 0 59 5 5 59 88 BIT NO. T B G DP CAP ANN CAP KOP HYDRAULICS DATA PUMP MAKE MODEL LINER STK SPM PSI GPM GPS EFF% AVDP AVDC HSI ECD F-600 5.50.00 90,450 37 3.5 F-600 5.50.00 90,450 37 3.5 CONSISTS OF: Bit, Motor, flow drift, -8: Dc, R/R, - 8" DC, R/R, 4-8" DC,-6" DC,XO, 9-HWDP LENGTH 894.43 WT. AIR WT. MUD HRS. ON JARS ROT. WT. 09,000 P.U. WT. 5,000 S.O. WT. 00,000 TORQUE SURVEY DATA ANGLE AZIMUTH N/S COORDINATES E/W V. SECTION DLS 4,466 0.70 4,9 0.40 5,40 0.80 5,688 MISCELLANEOUS DATA FROM TO HRS 6:00 :30 5.5 4,944 TOTAL MAN HRS: 4,706 ACCIDENTS: None :30 :00 0.5 Lubricate Rig Service Rig, Top Drive, Blocks, Draw works, ST-80 :00 3:00.0 Drilling Drlg. F/4,748' to 4,84' 3:00 4:00.0 Cond Mud & Circ Displace to Water Base Mud (3,700 Strokes,,50 BBLS) 4:00 :30.5 Drilling Drlg. F/4,84' to 6,000' :30 4:00.5 Cond Mud & Circ Circulate Hole Clean 4:00 6:00.0 Drop Gyro, Pump Slug, TOOH TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 43-64-9744 79,549 Daily Intangible: $ 79,549 Cum Intangible: $ 67,405 Daily Tangible: $ Cum Tangible: $ Daily Mud: $ Cum Mud: $ WELL: University 7-34 #LH 40055 REPORT WellEz Information Management, LLC Ver. 7.4.4bg 588,704 38,70 08/05/04

Drilling Report Pg. WELL: FROM University 7-34 #LH 40055 TO HRS ACTIVITY 8/5/04 TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 88 Cactus Rig Manager 4 88 Cactus Rig Crews 44 87 Butch's Rig Move 50 Pro Tech Pipe Inspection 08 Omron Operating System Tech 88 FP USA Rental Equipment 7 Express Location Liner 07 Misc. Sales 5 5 3 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line/trash trailer 3 Alied Cement 5 Hydrostatic Testers Test BOP Scientific Directional 4 6 6 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: API #: 4-383-38968 Surface 3-5/8 55 J-55 64 PARISH /STATE: 8/6/04 WELL: University 7-34 #LH 4005AFE #: FIELD: SPUD 7/3/04 DOL: LOC BLD DAYS: DFS: 6 RR: TX REPORT #: DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 3 6,3 5 8//04 CONTRACTOR: LAT: 3.96070 LONG: -0.7350 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: MOVING EQUIPMENT, FORKLIFT SAFETY, ROTARY TABLE SAFETY, Picking up tools, PINCH POINTS ON TRIPS AND WORKING HES Risks Next 4 hrs: ON LAST DAY OF HITCH POOH, REPROGRAM MWD, TIH, DRILL DIRECTIONALLY TO STRAIGHTEN HOLE TO CORE POINT. POOH Cactus 4-0055 CASING OD WT 6,5 Drilling Report GRD RIG: 6 CURRENT ACTIVITY: POOH TO REPROGRAM MWD DRILLING FLUID Shoe Test (ppg): TIME MW FV WL ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W :45 8.65 40 0.00 9 4 6 4.00.4 3,000 0.50 0.5 340 PRESSURE PARAMETERS REDUCED PUMP RATES BG: MAX: PORE PRESSURE: PUMP SPM PRESS DEPTH GAS: CONN: Cl: # TRIP: LITHOLOGY: # SHOW DEPTHS ROP GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A HEAVIES ES BIT DATA NO. 3 SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP.5 Ulterra U76S 5 6X5.035 6,000 6,5 5.5 Ulterra U76F 50 6X5.035 956 6,000 5,044 44 0 59 83 0 59 5 BIT NO. T B G IN DP CAP ANN CAP KOP HYDRAULICS DATA PUMP MAKE MODEL LINER STK SPM PSI GPM GPS EFF% AVDP AVDC HSI ECD F-600 5.50.00 90,450 37 3.5 F-600 5.50.00 90,450 37 3.5 CONSISTS OF: BIT, MTR,NC,PSUB,NC,XO,8"DC,XO,7"DC'S,XO,HWDP LENGTH 69.95 WT. AIR WT. MUD HRS. ON JARS ROT. WT. 09,000 P.U. WT. 5,000 S.O. WT. 00,000 TORQUE SURVEY DATA ANGLE AZIMUTH N/S COORDINATES E/W V. SECTION DLS 5,980.90 74 6,074 3.34 73 MISCELLANEOUS DATA FROM TO HRS 6:00 9:00 3.0 ACTIVITY DIESEL FUEL (GALS) -,04 TOTAL MAN HRS: 5,035 Finish TOOH to P/U MWD and Gamma ACCIDENTS: None 9:00 9:30 0.5 Dir Work Retrieve Gyro 9:30 :30.0 Change out Bits and P/U MWD and Gyro :30 6:00 4.5 TIH 6:00 7:30.5 Drilling Drlg. F/6,000' to 6,5'. Survey @ 5,980=.90 73.65 Azm. Survey @ 6,074= 3.34 Deg. 73.03 AZM 7:30 8:30.0 Cond Mud & Circ Circulate for TOOH to p/u directional tools 8:30 3:30 5.0 Pump Slug, TOOH for directional tools 3:30 :00.5 P/U tools,, new motor :00 4:00 3.0 TIH to 65 and found MWD not programmed correctly 4:00 6:00.0 Pooh to reprogram MWD TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 43-64-9744 84,095 Daily Intangible: $ 84,095 Cum Intangible: $ 78,08 Daily Tangible: $ Cum Tangible: $ Daily Mud: $,60 Cum Mud: $ WELL: University 7-34 #LH 40055 REPORT WellEz Information Management, LLC Ver. 7.4.4bg 689,380 38,70 6,788 08/06/04

Drilling Report Pg. WELL: FROM University 7-34 #LH 40055 TO HRS ACTIVITY 8/6/04 TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 3 CALLON GEO, INTERINS 3 7 7 Cactus Rig Manager 4 3 Cactus Rig Crews 0 0 99 Butch's Rig Move 50 Pro Tech Pipe Inspection 08 Omron Operating System Tech 88 FP USA Rental Equipment 7 Express Location Liner 07 Misc. Sales 5 5 37 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line/trash trailer 3 Alied Cement 5 Hydrostatic Testers Test BOP Scientific Directional 4 6 5 Diversified Mud Loggers 8 8 Haliburton Core Hands, 3 30 30 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: API #: 4-383-38968 Surface 3-5/8 55 J-55 64 PARISH /STATE: 8/7/04 WELL: University 7-34 #LH 4005AFE #: FIELD: SPUD 7/3/04 DOL: LOC BLD DAYS: DFS: 3 7 RR: TX REPORT #: DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 8//04 LAT: 3.96070 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: FIRST DAY BACK, PINCH POINTS ON TRIPS, HANDLING AND WORKING WITH CORE BBL HES Risks Next 4 hrs: DRILL TO CORE POINT @ 740+/-, POOH, P/U CORE BBL, TIH AND CORE 4 7,047 94 CONTRACTOR: Cactus 4-0055 CASING OD WT 7,049 Drilling Report GRD LONG: -0.7350 RIG: 6 CURRENT ACTIVITY: DRILLING AT 7049 DRILLING FLUID Shoe Test (ppg): TIME MW FV WL ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W :00 9.0 43 0.00 6 6 4.00 4.8 35,000 0.0 0.5 600 PRESSURE PARAMETERS REDUCED PUMP RATES BG: 50 MAX: 387 PORE PRESSURE: PUMP SPM PRESS DEPTH GAS: CONN: 300 Cl: # TRIP: LITHOLOGY: # SHOW DEPTHS ROP GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A HEAVIES ES BIT DATA NO. 3 SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP.5 Ulterra U76S 5 6X5.035 6,000,049 7.5 Ulterra U76F 50 6X5.035 956 6,000 5,044 44 BIT NO. T B G IN DP CAP.0776 ANN CAP 850 KOP HYDRAULICS DATA PUMP MAKE MODEL LINER STK SPM PSI GPM GPS EFF% F-600 5.50.00 90,400 37 3.5 F-600 5.50.00 90,400 37 3.5 CONSISTS OF: BIT, MTR,NC,PSUB,NC,XO,8"DC,XO,7"DC'S,XO,HWDP LENGTH 69.95 WT. AIR WT. MUD ROT. WT. 9,000 P.U. WT. 35,000 SURVEY DATA ANGLE AZIMUTH 6,338 0.79 45 6,56 0.70 9 6,75 0.88 3 DIESEL FUEL (GALS) ACTIVITY FINISH POOH S.O. WT. N/S 0 59 6 0 59 5 AVDP AVDC HSI ECD 30 30 HRS. ON JARS TORQUE 6,904 0.79 5 6,903 9 9.4 0.07 MISCELLANEOUS DATA FROM TO HRS 6:00 9:30 3.5 5,000 COORDINATES E/W V. SECTION DLS 6,337 4 5 4.55.9 6,55 3 7.79 0. 6,74 9. 0.0 -,44 TOTAL MAN HRS: 5,40 ACCIDENTS: 9:30 0:30.0 Dir Work REPROGRAM MWD TOOL 0:30 :00.5 TIH TO 303 :00 :30 0.5 Lubricate Rig RIG SERVICE :30 4:30.0 FINISH TIH TO 65 4:30 6:00 5.5 Drilling DRILL F/65 TO 7049, SLIDE TO DROP ANGLE WHEN NECCESSARY. TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 43-64-9744 9,3 Daily Intangible: $ 9,3 Cum Intangible: $ 80,94 Daily Tangible: $ Cum Tangible: $ Daily Mud: $ 3,588 Cum Mud: $ WELL: University 7-34 #LH 40055 REPORT WellEz Information Management, LLC Ver. 7.4.4bg 78,493 38,70 0,376 08/07/04

Drilling Report Pg. WELL: FROM University 7-34 #LH 40055 TO HRS ACTIVITY 8/7/04 TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 3 CALLON GEO, INTERINS 3 7 44 Cactus Rig Manager 4 3 Cactus Rig Crews 0 0 Butch's Rig Move 50 Pro Tech Pipe Inspection 08 Omron Operating System Tech 88 FP USA Rental Equipment 7 Express Location Liner 07 Misc. Sales 5 5 4 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line/trash trailer 3 Alied Cement 5 Hydrostatic Testers Test BOP Scientific Directional 4 88 Diversified Mud Loggers 48 76 Haliburton Core Hands, 3 66 AES MUD ENGINEER FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: API #: 4-383-38968 Surface 3-5/8 55 J-55 64 PARISH /STATE: 8/8/04 WELL: University 7-34 #LH 4005AFE #: FIELD: SPUD 7/3/04 DOL: LOC BLD DAYS: DFS: 4 8 RR: TX REPORT #: DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 5 7,69 8//04 CONTRACTOR: LAT: 3.96070 LONG: -0.7350 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: HANDLING CORE BBL, WORKING WITH CORE LAB AND CORE HANDS, PINCH POINTS ON TRIPS AND STAYING HYDRATED HES Risks Next 4 hrs: CORE TO 790, POOH, L/D CORE, TIH AND REAM CORE HOLE AND DRILL Cactus 4-0055 CASING OD WT 7,7 Drilling Report GRD RIG: 6 CURRENT ACTIVITY: CORING AT 77 DRILLING FLUID Shoe Test (ppg): TIME MW FV WL ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W :30 9.0 4 0.00 9 4 7 3.00 3.8 40,000 0.0 0.5 640 PRESSURE PARAMETERS REDUCED PUMP RATES BG: MAX: PORE PRESSURE: PUMP SPM PRESS DEPTH GAS: CONN: Cl: # TRIP: LITHOLOGY: # SHOW DEPTHS ROP GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A HEAVIES ES BIT DATA NO. 4 3 SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP 8.50 HAL FC3843 307440 7,30 4 3 7 55 4.5 Ulterra U76S 5 6X5.035 6,000 7,30,30 0 0 59 6 BIT NO. T B G DP CAP.0776 ANN CAP 850 KOP HYDRAULICS DATA PUMP MAKE MODEL LINER STK SPM PSI GPM GPS EFF% AVDP AVDC HSI ECD F-600 5.50.00 70 30 45 3.5 F-600 5.50.00 3.5 CONSISTS OF: COREBBL, XO, 8"DC,RR,8"DC,XO,7"DC,XO LENGTH 75.76 WT. AIR WT. MUD HRS. ON JARS ROT. WT. 07,000 P.U. WT. 0,000 S.O. WT. 05,000 TORQUE SURVEY DATA ANGLE AZIMUTH N/S COORDINATES E/W V. SECTION DLS 7,09 0.70 99 7,09 8 3 8.5 0.8 7,79 0.79 06 7,78 8 4 8.9 0.4 MISCELLANEOUS DATA FROM TO HRS 6:00 9:00 3.0 ACTIVITY Drilling DIESEL FUEL (GALS) DRILL F/7049 TO 730 -,043 TOTAL MAN HRS: 5,77 ACCIDENTS: 9:00 0:00.0 Cond Mud & Circ CIRCULATE BTMS UP 0:00 4:30 4.5 POOH TO L/D DIRECTIONAL TOOLS AND P/U CORE BARRELL 4:30 6:30.0 Dir Work DRAIN MTR AND L/D ALL DIRECTIONAL TOOLS 6:30 0:30 4.0 Coring HELD 30 MIN SAFETY WITH HALIBURTON CORING, AND P/U 60' CORE BARRELL ASSEMBLY 0:30 :00 0.5 Lubricate Rig RIG SERVICE :00 :00 5.0 TIH, AS PER HALIBURTON INSTRUCTION AND CIRCULATE THROUGH BARREL EVERY 0 STANDS. :00 3:00.0 Coring TAG BOTTOM @730, CIRCULATE TO INSURE CORE BBL IS CLEAN, DROP BALL, RECORD INITIAL WT AND PSI 3:00 6:00 3.0 Coring CORE F/730 TO 77 TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 43-64-9744 77,84 Daily Intangible: $ 77,84 Cum Intangible: $ 897,377 Daily Tangible: $ Cum Tangible: $ Daily Mud: $ 3,759 Cum Mud: $ WELL: University 7-34 #LH 40055 REPORT WellEz Information Management, LLC Ver. 7.4.4bg 858,676 38,70 4,34 08/08/04

Drilling Report Pg. WELL: FROM University 7-34 #LH 40055 TO HRS ACTIVITY 8/8/04 TOTAL HRS 4.0 PERSONNEL INFO: COMPANY JOB FUNCTION NUMBER HOURS CUM HOURS Global Drilling Consultants & Services Location Supervisin 4 0 CALLON GEO, INTERINS 3 7 6 Cactus Rig Manager 4 0 Cactus Rig Crews 0 0 3 Butch's Rig Move 50 Pro Tech Pipe Inspection 08 Omron Operating System Tech 88 FP USA Rental Equipment 7 Express Location Liner 07 Misc. Sales 5 5 47 Butch's Rathole Set Consuctor Penn Construction Location Building 9 Lobos Haul Brine 96 Lobos Haul OBM 96 Mustang Rst. Lay Water line/trash trailer 3 Alied Cement 5 Hydrostatic Testers Test BOP Scientific Directional 3 30 8 Diversified Mud Loggers 88 Haliburton Core Hands, 3 0 AES MUD ENGINEER 4 FULL CREW (Y/N): POSITIONS SHORT: WellEz Information Management, LLC Ver. 7.4.4bg

LEASE: API #: 4-383-38968 Surface 3-5/8 55 J-55 64 PARISH /STATE: 8/9/04 WELL: University 7-34 #LH 4005AFE #: FIELD: SPUD 7/3/04 DOL: LOC BLD DAYS: DFS: 5 9 RR: TX REPORT #: DEPTH (): DEPTH (): FOOTAGE: ELEV / KB: ELEV / GL: LAST BOP TEST: 8//04 LAT: 3.96070 LGL SUR LOC: 400 FNL 355 FEL Section BOTTOM HOLE LOC: NONE HES Incidents Last 4 hrs: HANDLING CORE BBL, PINCH POINTS ON TRIPS, FORKLIFT SAFETY, AND WORKING IN HEAT HES Risks Next 4 hrs: DRILL TO 7530',CIRC, POOH, P/U CORE BBL, TIH, AND CORE 6 7,37 03 CONTRACTOR: Cactus 4-0055 CASING OD WT 7,374 Drilling Report GRD LONG: -0.7350 RIG: 6 CURRENT ACTIVITY: DRILLING AT 7374 DRILLING FLUID Shoe Test (ppg): TIME MW FV WL ph CAKE GELS OIL PV YP LGS Cl Pf Mf Ca HTHP O/W :5 9.0 4 0.00 9 4 7 3.00 3.7 4,000 0.5 0.48 600 PRESSURE PARAMETERS REDUCED PUMP RATES BG: 5 MAX: 45 PORE PRESSURE: PUMP SPM PRESS DEPTH GAS: CONN: 45 Cl: # TRIP: 4 LITHOLOGY: # SHOW DEPTHS ROP GAS: B / D / A MUD WT: B / D / A CHLORIDES: B / D / A HEAVIES ES BIT DATA NO. 3 4 SIZE MAKE TYPE SER NO. NOZZLES TFA IN OUT FEET HRS WOB RPM AV ROP.5 ULT U76S 5 6 X 5.035 7,8,33 5 70 60 8.50 HAL FC3843 307440 7,30 7,8 5 4 7 55 3 BIT NO. T B G DP CAP.0776 ANN CAP 900 KOP HYDRAULICS DATA PUMP MAKE MODEL LINER STK SPM PSI GPM GPS EFF% AVDP AVDC HSI ECD F-600 5.50.00 90,550 45 3.5 30 60 F-600 5.50.00 90,550 3.5 30 60 CONSISTS OF: COREBBL, XO, 8"DC,RR,8"DC,XO,7"DC,XO LENGTH 6.53 WT. AIR WT. MUD HRS. ON JARS ROT. WT. 07,000 P.U. WT. 0,000 S.O. WT. 05,000 TORQUE SURVEY DATA ANGLE AZIMUTH N/S COORDINATES E/W V. SECTION DLS MISCELLANEOUS DATA FROM TO HRS 6:00 7:00.0 ACTIVITY Coring DIESEL FUEL (GALS) -,047 TOTAL MAN HRS: 6,07 CORING F/77 TO 78, BBL JAMMED AFTER 5' OF CORING ACCIDENTS: 7:00 5:00 8.0 POOH WITH CORE BBL AS PER CORELABS TRIP SCHEDULE 5:00 5:30 0.5 Coring WAIT 30 MINUTES FOR GAS EXPANSION 5:30 8:00.5 FINISH POOH WITH CORE BARRELL 8:00 0:30.5 L/D CORE AND CORE BARRELS, RETRIEVE 00% OF CORE 0:30 :00 0.5 Lubricate Rig RIG SERVICE :00 :30.5 M/U BIT, NEAR BIT AND INSTALL ROLLER REAMERS AT 30' AND 60' AND TIH WITH :30 3:30.0 Cut off Drill Line SLIP AND CUT 50' OF DRILL LINE 3:30 :30 3.0 TIH TO 730 :30 4:00.5 Washing / Reaming REAM 8.5" CORE HOLE TO.5" F/730 TO 78 TOTAL HRS 4.0 COMMENTS COSTS DATA AFE DHC: $,947,0 Daily Drlg Cost: $ AFE TWC: $ 7,940,373 Cum Drlg Cost: $ RIG PHONE: DRILLING SUPERVISOR: 43-64-9744 58,87 Daily Intangible: $ 58,87 Cum Intangible: $ 956,48 Daily Tangible: $ Cum Tangible: $ Daily Mud: $,496 Cum Mud: $ WELL: University 7-34 #LH 40055 REPORT WellEz Information Management, LLC Ver. 7.4.4bg 97,547 38,70 5,630 08/09/04