Shallow (2,000 to 4,000 ft), Pliocene gas accumulation on the plunge of the Lost Hills regional anticline.  Gas dry and possibly biogenic.  Mainly contained in thin (<25 ft), fine grained silty sands with strong stratigraphic control of the trap indicated.

Solimar has a +5 mmcfd capacity gas plant on site connected by Solimar owned pipeline to a gas export trunkline.  A gas sales agreement is in place with a large gas producing company.

Gas previously production tested by SGY from the Jack Hamar 3-13 (two zones) and Jack Hamar 2-13 wells that were drilled by a prior operator and re-entered and tested by Solimar.  The 3-13 well produced gas over a 6 month period at an average of 300 mcfpd.

Solimar owns 4 suspended well bores (2-13, 3-13, 4-13 and 1-24).

Target resource 40 bcf recoverable gas. Upside 100 bcf.

Forward Plan:

Complete testing program of the re-entered the 1-24 well and drill new appraisal well.