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Projects

Eagle Ford Shale Projects

A new prolific oil and gas discovery that is transforming a wide swath of South Texas into one of the most active resource plays in the US. Production of oil and gas from "shale" is considered unconventional because it comes from source rock itself and operators use horizontal drilling and multi-stage fracture stimulation to exploit this resource.

This shale with depths ranging from approximately 6,000 to 14,000 feet and thickness ranging from approximately 50 feet to 300 feet immediately underlies the Austin Chalk formation and has long been considered by geologists to be the "source rock", or the original source of hydrocarbons (oil and gas) found in the Austin Chalk above it.

Exploration:

Atascosa Project

Aside from the Peeler Ranch Project, Doxa acquired 13% interest in 1,047 acres in Atascosa County, Texas directly on trend with its Peeler Ranch Project. The company has tentative plans to spud an initial well on this project as early as Q3- 2011.

Zavala County AMI Project

Doxa acquired a 20% interest in leases totaling 1,139 acres in Zavala County, Texas. Down Dip and  in close proximity to the recently completed Chesapeake Energy Traylor #1-4 which was brought in at initial production rates of over 930 Bopd and 300 Mcf per day. Tentative plans are to spud an initial well on this project in 2011.

Development:

Peeler Ranch No. 2-H Project

The Peeler Ranch No. 2-H project is the second well to be developed on Doxa's Peeler Ranch Eagle Ford Shale Project. The company plans to spud this well as early as Q3, 2011.

Doxa acquired a twenty percent (20%) working interest, together with a fifteen percent (15%) net revenue interest covering approximately 2,005.9 acres, and situated within the 9,500' to 10,000' oil window of the Eagle Ford Shale trend. The Peeler Ranch Eagle Ford Shale is within close proximity to state highways and major gas pipelines, with no water issues known to exist.

Doxa anticipates that 10-14 gross wells could ultimately be drilled on this 2,005 acre project.

Production:

Peeler Ranch No. 1-H Project

Doxa acquired a twenty percent (20%) working interest, together with a fifteen percent (15%) net revenue interest covering approximately 2,005.9 acres, and situated within the 9,500' to 10,000' oil window of the Eagle Ford Shale trend. The Peeler Ranch Eagle Ford Shale is within close proximity to state highways and major gas pipelines, with no water issues known to exist.

Initial Sales of oil and gas have commenced and the well achieved a high rate of over 300BOPD and 150 MCFPD (325 BOEPD). Offset operators have reported per well EUR (estimated ultimate recovery in the range of 254-356 MBOE, which is in line with Doxa's expectations for wells drilled on this project.

Doxa anticipates that 10-14 gross wells could ultimately be drilled on this 2,005 acre project.


Frac Operations - Peeler Ranch No. 1-H (Foreground)

Epley Project

Doxa acquired a fifteen percent (15%) working interest, together with an eleven and one quarter percent (11.25%) net revenue interest in the Eply Prospect covering approximately 640 gross/net acres and is imaged by 3-D seismic data.

The first Eagle Ford completion in which Doxa participated is the San Isidro - Epley No. 1-H well in McMullen County , which was placed on production in September, 2010. The Eagle Ford shale underlying the Epley lease was encountered at a true vertical depth of approximately 10,900' after which a horizontal lateral was successfully drilled in excess of 4,000 feet.

Initial sales of oil production from the Epley well have commenced. Initial production test while cleaning up the well after frac and on restricted choke, measured 900 MCFD and 250 BOPD, 250 BWPD with FCP 1,920 psi.