D, My analysis based on the Mitchell PR; Mitche

D,

My analysis based on the Mitchell PR;

Mitchell #3. approx. 28 bopd

Mitchell #4. approx. 47 bopd

Total, approx. 75 bopd

X 30 days = 2250 barrels X $90 per barrel = $202,500.00

$202,500.00 X 28% = $56,700.00

$56,700.00 Treaty's Monthly Net on two well

Treaty tells me that we're CFP @ $50,000.00 per month, so I believe we're theoretically there

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