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SUMMARY STATE OF MICHIGAN OIL AND GAS LEASE AUCTION MAY 1, 2008 MICHIGAN DEPARTMENT OF NATURAL RESOURCES FOREST, MINERAL AND FIRE MANAGEMENT

Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

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Page 1: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

SUMMARY

STATE OF MICHIGAN OIL AND GAS

LEASE AUCTION

MAY 1, 2008

DEPARTMEN

TOF NATURA

L

RESOURCES

MICH IGAN

DNR

MICHIGAN DEPARTMENT OF NATURAL RESOURCES FOREST, MINERAL AND FIRE MANAGEMENT

Page 2: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

State of Michigan Oil and Gas Lease Auction

May 1, 2008 Bidder Total Total Bonus + Number Lessee Acres Total Rental 101 Chris Fling NO BID NO BID

102 Brammer Engineering 88,779.82 $6,840,653.76

400 Texas Street, Suite 600

Shreveport, LA 71101

103 Energy West Corporation 44,555.98 $4,643,439.96

P.O. Box 1441

Denver, CO 80201

104 Woodland Petroleum Corporation 2,259.98 $492,324.96

P.O. Box 53633

Lafayette, LA 70505

105 Petro-Vest, Inc. 360.00 $41,400.00

P.O. Box 653

Mt. Pleasant, MI 48804

106 Douglas G. Boyd NO BID NO BID

107 Clayton Energy Corporation 3,508.45 $670,141.90 P.O. Box 301

Jackson, MI 49204

108 Whiting Oil and Gas Corporation 701.92 $131,978.84

1700 Broadway, Suite 2300

Denver, CO 80290

109 Clayton Energy Corporation 1,860.00 $376,220.00

P.O. Box 301

Jackson, MI 49204

110 Leslie A. Irish NO BID NO BID

Page 3: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

State of Michigan Oil and Gas Lease Auction

May 1, 2008 Bidder Total Total Bonus + Number Lessee Acres Total Rental 111 Presidium Antrim West, LC 2,241.96 $211,828.60

P.O. Box 1828

Traverse City, MI 48685

112 Elexco Land Services, Inc. 1,256.23 $67,686.44

P.O. Box 313

Marysville, MI 48040

113 Coughlin Land Services, LLC 200.00 $15,000.00

711 Bayliss Street

Midland, MI 48640

114 B.D. Deans, LLC 90.00 $5,580.00

P.O. Box 301

Mt. Pleasant, MI 48804

115 Muskegon Development Company 205.00 $3,075.00

1425 South Mission Road

Mt. Pleasant, MI 48858

116 Tom Coughlin NO BID NO BID

117 Paxton Resources, L.L.C. 160.00 $3,120.00

132 North Otsego Avenue

Gaylord, MI 49735

118 Edward B. Pollister NO BID NO BID

119 CORE Energy, LLC 12.34 $3,124.68

954 Business Park Drive, Suite 1

Traverse City, MI 49686

120 Jordan Development Company, L.L.C. 983.21 $12,211.42

1503 Garfield Road, North

Traverse City, MI 49686

Page 4: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

State of Michigan Oil and Gas Lease Auction

May 1, 2008 Bidder Total Total Bonus + Number Lessee Acres Total Rental 121 Brian A. Benson 100.00 $5,300.00

1100 Conrad Industrial Drive

Ludington, MI 49431

122 Brian Benson NO BID NO BID

123 Highway Resources, Inc. 767.59 $61,990.90

2120 East Timberlane Drive

Traverse City, MI 49686

124 Michael Flynn NO BID NO BID

125 Dakotah Oil 250.00 $14,050.00

P.O. Box 25

Allen, MI 49227

126 Muskegon Development Company 600.00 $184,800.00

1425 South Mission Road

Mt. Pleasant, MI 48858

127 O.I.L. Energy Corp. 1.40 $85.00

954 Business Park, Suite 5

Traverse City, MI 49686

128 Rich Patterson NO BID NO BID

129 Dart Oil & Gas Corporation 313.97 $58,546.78

P. O. Box 177

Mason, MI 48854

130 Meridian Energy Corporation 340.17 $73,705.34

P.O. Box 610

Haslett, MI 48840

131 Rich Patterson NO BID NO BID

132 Harvey Langworthy NO BID NO BID

Totals: 149,548.02 $13,916,263.58

Page 5: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

DEPARTM

EN

TOF NATURA

L

RESOURCES

MICH IGAN

DNR

JENNIFER M. GRANHOLM GOVERNOR

STATE OF MICHIGAN

DEPARTMENT OF NATURAL RESOURCES LANSING REBECCA A. HUMPHRIES

DIRECTOR

CORRECTIONS LIST MAY 1, 2008 OIL AND GAS LEASE AUCTION

ITEM NO. COUNTY TOWN RANGE SEC CORRECTIONS:

390 Gladwin 18N 01W 13 Offering deleted. No bid acres.

NATURAL RESOURCES COMMISSION Keith J. Charters, Chair ● Mary Brown ● Hurley J. Coleman, Jr. ● Darnell Earley ● John Madigan ● J. R. Richardson ● Frank Wheatlake

STEVENS T. MASON BUILDING ● P.O. BOX 30028 ● LANSING, MICHIGAN 48909-7528 www.michigan.gov/dnr ● (517) 373-2329

Great Lakes, Grea t T imes , Grea t Outdoors !

Page 6: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

Department of Natural ResourcesState Of Michigan Mineral Auction

Stipulation Report Stipulation ID Stipulation Name Description

1 All other provisions of this lease notwithstanding, it is understoodthat the land described in this lease shall not be entered for anypurpose whatsoever without first contacting the United StatesDepartment of Agriculture, (USDA) Forest Service,Huron-Manistee National Forests, Cadillac, Michigan and securingdetailed instructions as to cutting any forest growth for thepurpose of making roadways or clearing well locations or for anyother purpose in order that the surface values may be properlyprotected and conserved. No drilling operations may be conductedwithin 200 feet of any road, trail or highway unless otherwiseapproved by the USDA. All operations must be in compliancewith the standards and guidelines outlined in the Huron-ManisteeNational Forests Land and Resource Management Plan.

Development - U.S.F.S. Surface

2 The surface of this land is under the jurisdiction of the UnitedStates Department of Agriculture, Forest Service, Huron-ManisteeNational Forest, Cadillac, Michigan.

Nondevelopment .U.S.F.S. Surface

3 All other provisions of this lease notwithstanding, it is understoodand agreed that no exploration or development work shall beconducted on this land without specific authorization from theState Historic Preservation Officer, Department of History, Artsand Library, Michigan Historical Center. No operations shall beconducted until written instructions for the proper protection ofany and all artifacts of historical or archaeological value are issuedby the State Archaeologist.

History Arts & Libraries Restriction

5 All other provisions of this lease notwithstanding, it is understoodthat no exploration, drilling or development work shall beconducted on this land until the lessee first contacts theDepartment of Military Affairs and State Military Board tocoordinate activities.

Military Affairs Agreement No. L-7084

6 As of the date of this lease, this land is considered to be part of aKirtland's Warbler Habitat Management Area. No drilling,exploration, construction or maintenance activities shall take placewithin ½ mile of a KWH area from May 1 to October 1.

Kirtland's Warbler Habitat Management

8 Including riparian rights adjacent thereto.Including Riparian Rights

10 All other provisions of this lease notwithstanding, it is understoodthat from February 1 through August 31 of each year that onlyexploration and development activities specifically approved inwriting by the Lessor's representative(s) will be allowed on thisleased acreage.

Time Restriction

15 To limit surface disturbance, any wells to be drilled on the leasedpremises shall be drilled from a single surface area that isacceptable to and approved by the Lessor, unless the Lessorreasonably determines that production on adjacent land createsthe probability of drainage of oil and/or gas from State mineralland. The Lessee shall submit a proposed development plan forthe leased premises including a proposed surface area, accessroutes and pipeline corridors, with due regard to surface features,the relative location of other oil and gas operations in the area, andapplicable regulatory requirements. The Lessee may not drill anywell on the leased premises without first obtaining a surface useagreement from the Lessor. Approval shall be based on theforegoing criteria, and said approval shall not be unreasonablywithheld.

Limited Surface Disturbance

March 19, 2008 Page 1 of 2

Page 7: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

Department of Natural ResourcesState Of Michigan Mineral Auction

Stipulation Report Stipulation ID Stipulation Name Description

16 All other provisions of this lease not withstanding, it isunderstood that no exploration or development work shall beconducted on this parcel without specific authorization from theNatural Heritage Program, Department of Natural Resources,Wildlife Division. No operations shall be conducted until writteninstructions for the proper protection of any and all special naturalfeatures are issued by the Endangered Species Coordinator.

Threatened and Endangered Species Habitat

17 It is further understood that exploration and development activitieson this parcel will be performed by only one operator.

Limit Operators

18 It is further understood that well operator will gate and lock accessroad within the leased premises.

Gate and Lock Access Road

19 All other provisions of this lease notwithstanding, it is understoodthat no well site shall be located closer than 660 feet to anyrecreational trail without the written consent of the Lessor.

Recreational Trails

20 All other provisions of this lease notwithstanding, it is furtherunderstood that existing well pads shall be used for drilling unlessotherwise authorized by the Department of Natural Resources'Land Manager.

Use Existing Well Pad

23 All other provisions of this lease notwithstanding, this parcel issubject to an existing State of Michigan Underground Gas StorageLease.

Subject to Existing State Gas Storage Lease

33 All other provisions on this lease notwithstanding, it isunderstood that this parcel was determined to be, at time ofleasing, near to a known raptor nesting site. No drilling ordevelopment shall take place with 300 feet of known (or possible)protected raptor nests at any time and no activity is allowed within¼ mile during the nesting season, February 1 to August 31.Exploration and development activities must be approved, inwriting, by the Lessor's District Wildlife Biologist.

Raptor Nesting Area

34 This parcel is classified as nondevelopment due to the presence ofthreatened or endangered species at time of leasing.

Nondevelopment Species Habitat

35 The Department of History, Arts and Libraries has specificconcerns relative to this parcel.

History, Arts and Libraries concern

37 Proposed State Police Tower Site. If the surface of this land isincluded in the Department of State Police CommunicaitonsSystem, Stipulation Code No. 36 will apply to this parcel.

Proposed State Police Tower Site

39 Parcel is classified as nondevelopment pursuant to provisions ofthe funding source used to acquire the land. Federal approvalmust be obtained before seeking a change in Lease Classification.

Pittman Robertson or Dingell JohnsonFunding

49 Best Management Practices along wetlands, waterways, or steepslopes.

Best Management Practices

March 19, 2008 Page 2 of 2

Page 8: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Alcona CountyT28N R05E

1201 117 $19.00 $2,280.00 4302640.00

0%Sur

Min 100%15 NE1/4 NW1/4 14

40.00

0%Sur

Min 100%15 NW1/4 NW1/4 14

40.00

0%Sur

Min 100%49 SE1/4 NW1/4 14

402 117 $13.00 $520.00 4302740.00

0%Sur

Min 100%SW1/4 SW1/4 14

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 1 of 341

Page 9: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Benzie CountyT25N R13W

723 111 $35.00 $2,520.00 4302835.54

0%Sur

Min 100%15 S 35.54 acres in SW1/4 NE1/4 5

35.55

0%Sur

Min 100%15 S 35.55 acres in SE1/4 NE1/4 5

Benzie CountyT26N R13W

804 111 $25.00 $2,000.00 4302940.00

0%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

2

30.00

0%Sur

Min 100%15 SW1/4 of the SW1/4 EXCEPT the South 330 feet thereof 2

10.00

0%Sur

Min 100%15 The South 330 feet of the SW1/4 of the SW1/4 2

1205 111 $160.00 $19,200.00 4303040.00

100%Sur

Min 100%1519

NW1/4 SW1/4 20

40.00

100%Sur

Min 100%1549

SE1/4 SW1/4 20

40.00

100%Sur

Min 100%1519

SW1/4 SW1/4 20

40N- 6 111 $160.00 $6,400.00 N-4303140.00

100%Sur

Min 100%NE1/4 SW1/4 20

1607 111 $175.00 $28,000.00 4303240.00

100%Sur

Min 100%3 NE1/4 NE1/4 21

40.00

100%Sur

Min 100%3 NW1/4 NE1/4 21

40.00

100%Sur

Min 100%315

SE1/4 NE1/4 21

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 2 of 341

Page 10: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Benzie CountyT26N R13W

(Continued) 1607 111 $175.00 $28,000.00 4303240.00

100%Sur

Min 100%315

SW1/4 NE1/4 21

1608 111 $160.00 $25,600.00 4303340.00

100%Sur

Min 100%315

NE1/4 NW1/4 21

40.00

100%Sur

Min 100%315

NW1/4 NW1/4 21

40.00

100%Sur

Min 100%3 SE1/4 NW1/4 21

40.00

100%Sur

Min 100%315

SW1/4 NW1/4 21

809 111 $160.00 $12,800.00 4303440.00

100%Sur

Min 100%315

NE1/4 SE1/4 21

40.00

100%Sur

Min 100%315

NW1/4 SE1/4 21

40N- 10 111 $160.00 $6,400.00 N-4303540.00

100%Sur

Min 100%SW1/4 SE1/4 21

16011 111 $160.00 $25,600.00 4303640.00

100%Sur

Min 100%1549

NE1/4 NE1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%1549

NW1/4 NE1/4 29

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%1549

SW1/4 NE1/4 29

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 3 of 341

Page 11: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Benzie CountyT26N R13W

4012 111 $160.00 $6,400.00 4303740.00

100%Sur

Min 100%1549

NE1/4 SE1/4 29

40N- 13 111 $165.00 $6,600.00 N-4303840.00

100%Sur

Min 100%SE1/4 SE1/4 29

80N- 14 111 $100.00 $8,000.00 N-4303940.00

100%Sur

Min 100%SE1/4 NE1/4 32

40.00

100%Sur

Min 100%SW1/4 NE1/4 32

80N- 15 111 $95.00 $7,600.00 N-4304040.00

100%Sur

Min 100%NE1/4 SE1/4 32

40.00

100%Sur

Min 100%SE1/4 SE1/4 32

160N- 16 111 $85.00 $13,600.00 N-4304140.00

100%Sur

Min 100%NE1/4 NW1/4 33

40.00

100%Sur

Min 100%NW1/4 NW1/4 33

40.00

100%Sur

Min 100%SE1/4 NW1/4 33

40.00

100%Sur

Min 100%SW1/4 NW1/4 33

80N- 17 111 $95.00 $7,600.00 N-4304240.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

33

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 4 of 341

Page 12: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT19N R06W

12018 123 $70.00 $8,400.00 4304339.99

100%Sur

Min 100%1523

NW1/4 NW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%23 SE1/4 NW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%1523

SW1/4 NW1/4Subject to existing easements.

4

Clare CountyT20N R05W

8019 102 $110.00 $8,800.00 4304439.23

100%Sur

Min 100%15 NE1/4 NE1/4 1

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 1

44N- 20 102 $80.00 $3,520.00 N-430453.00

100%Sur

Min 100%That part of Govt Lot 1 lying in the NW1/4 NE1/4,Section 1, T20N, R05W

1

40.89

100%Sur

Min 100%That part of Govt Lot 7 in the NE1/4, Section 1, T20N,R05W

1

8321 102 $100.00 $8,300.00 4304642.81

100%Sur

Min 100%NW1/4 NW1/4 1

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 1

77N- 22 102 $90.00 $6,930.00 N-4304729.50

100%Sur

Min 100%Govt Lot 2 1

35.91

100%Sur

Min 100%That part of Govt Lot 1 lying in the NE1/4 NW1/4,Section 1, T20N, R05W

1

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 5 of 341

Page 13: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 77N- 22 102 $90.00 $6,930.00 N-4304710.75

100%Sur

Min 100%That part of Govt Lot 7 in the NW1/4, Section 1, T20N,R05W

1

16023 102 $90.00 $14,400.00 4304840.00

100%Sur

Min 100%NE1/4 SE1/4 1

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 1

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

1

40.00

100%Sur

Min 100%SW1/4 SE1/4 1

74N- 24 102 $90.00 $6,660.00 N-4304944.63

100%Sur

Min 100%Govt Lot 3 1

28.80

100%Sur

Min 100%35 Govt Lot 6 1

167N- 25 102 $70.00 $11,690.00 N-4305043.62

100%Sur

Min 100%NE1/4 NE1/4 2

43.07

100%Sur

Min 100%NW1/4 NE1/4 2

40.00

100%Sur

Min 100%SE1/4 NE1/4 2

40.00

100%Sur

Min 100%SW1/4 NE1/4 2

170N- 26 102 $125.00 $21,250.00 N-4305144.53

100%Sur

Min 100%NE1/4 NW1/4 2

44.98

100%Sur

Min 100%NW1/4 NW1/4 2

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 6 of 341

Page 14: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 170N- 26 102 $125.00 $21,250.00 N-4305140.00

100%Sur

Min 100%SE1/4 NW1/4 2

40.00

100%Sur

Min 100%SW1/4 NW1/4 2

65N- 27 102 $110.00 $7,150.00 N-4305232.02

100%Sur

Min 100%Govt Lot 7 2

32.16

100%Sur

Min 100%Govt Lot 8 2

100N- 28 102 $100.00 $10,000.00 N-4305321.40

100%Sur

Min 100%Govt Lot 6 2

37.07

100%Sur

Min 100%LOT 4 2

0.62

100%Sur

Min 100%LOT 5 2

40.00

100%Sur

Min 100%NW1/4 SW1/4 2

131N- 29 102 $150.00 $19,650.00 N-4305445.26

100%Sur

Min 100%NE1/4 NE1/4 3

45.38

100%Sur

Min 100%NW1/4 NE1/4 3

40.00

100%Sur

Min 100%SE1/4 NE1/4 3

4530 102 $80.00 $3,600.00 430555.00

0%Sur

Min 100%A parcel of land beg at NW corner, th E 20 rds, S 40 rds,W 20 rds, N 40 rds to POBSubject to existing easements.

3

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 7 of 341

Page 15: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 4530 102 $80.00 $3,600.00 4305539.95

100%Sur

Min 100%SE1/4 NW1/4 EXCEPT That part of the NW ¼ ,described as commencing at the W ¼ corner of saidSection 3, thence S 89º 57' 07" E along the East andWest ¼ line, a distance of 1,309.32 ft. to a DNR cappediron at the SE corner of the W ½ of the said NW ¼ andthe point of beginning of the following described parcelof land: thence continuing S 89º 57' 07" E along the saidEast and West ¼ line a distance of 10 ft.; thence N 00°23' 13" W parallel with the East line of the said W ½ ofthe NW ¼, a distance of 200 ft.; thence N 89º 57' 07" Wparallel with the said East and West ¼ line a distance of10 ft. to the said East line of the West ½ of the NW ¼;thence S 00° 23' 13" E along the said East line of the W½ of the NW ¼, a distance of 200 ft. to the said East andWest ¼ line and the point of beginning.Subject to existing easements.

3

120N- 31 102 $110.00 $13,200.00 N-4305620.00

100%Sur

Min 100%N 1/2 of SE 1/4 of SE 1/4 3

40.00

100%Sur

Min 100%NE1/4 SE1/4 3

20.00

100%Sur

Min 100%S 1/2 SE1/4 SE1/4 3

40.00

100%Sur

Min 100%SW1/4 SE1/4 3

120N- 32 102 $80.00 $9,600.00 N-4305740.00

100%Sur

Min 100%23 NE1/4 SW1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%23 NW1/4 SW1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%23 SE1/4 SW1/4Subject to existing easements.

3

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 8 of 341

Page 16: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

17333 102 $150.00 $25,950.00 4305846.20

100%Sur

Min 100%23 NE1/4 NW1/4Subject to existing easements.

4

46.40

100%Sur

Min 100%23 NW1/4 NW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%23 SE1/4 NW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%23 SW1/4 NW1/4Subject to existing easements.

4

40N- 34 102 $80.00 $3,200.00 N-4305940.00

100%Sur

Min 100%23 SW1/4 SE1/4Subject to existing easements.

4

160N- 35 102 $80.00 $12,800.00 N-4306040.00

100%Sur

Min 100%23 NE1/4 SW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%23 NW1/4 SW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%23 SE1/4 SW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%23 SW1/4 SW1/4Subject to existing easements.

4

9536 102 $100.00 $9,500.00 4306146.75

100%Sur

Min 100%23 NE1/4 NE1/4Subject to existing easements.

5

47.26

100%Sur

Min 100%1523

NW1/4 NE1/4Subject to existing easements.

5

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 9 of 341

Page 17: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

4837 102 $80.00 $3,840.00 4306247.77

100%Sur

Min 100%The Fractional Northeast 1/4 of the Fractional Northwest1/4

5

49N- 38 102 $80.00 $3,920.00 N-4306348.27

100%Sur

Min 100%23 NW1/4 NW1/4Subject to existing easements.

5

4039 102 $80.00 $3,200.00 4306440.00

100%Sur

Min 100%1523

NE1/4 SW1/4Subject to existing easements.

5

120N- 40 102 $240.00 $28,800.00 N-4306540.00

100%Sur

Min 100%2334

NW1/4 SW1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%2334

SE1/4 SW1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%2334

SW1/4 SW1/4Subject to existing easements.

5

75N- 41 102 $100.00 $7,500.00 N-4306640.00

100%Sur

Min 100%23 SE1/4 NW1/4Subject to existing easements.

6

34.40

100%Sur

Min 100%23 SW1/4 NW1/4Subject to existing easements.

6

80N- 42 102 $100.00 $8,000.00 N-4306740.00

100%Sur

Min 100%23 SE1/4 SE1/4Subject to existing easements.

6

40.00

100%Sur

Min 100%23 SW1/4 SE1/4Subject to existing easements.

6

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 10 of 341

Page 18: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

74N- 43 102 $80.00 $5,920.00 N-4306840.00

100%Sur

Min 100%23 NE1/4 SW1/4Subject to existing easements.

6

33.80

100%Sur

Min 100%23 NW1/4 SW1/4Subject to existing easements.

6

160N- 44 102 $260.00 $41,600.00 N-4306940.00

100%Sur

Min 100%2334

NE1/4 NE1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%2334

NW1/4 NE1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%2334

SE1/4 NE1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%2334

SW1/4 NE1/4Subject to existing easements.

8

160N- 45 102 $80.00 $12,800.00 N-4307040.00

100%Sur

Min 100%2334

NE1/4 SE1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%2334

NW1/4 SE1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%2334

SE1/4 SE1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%2334

SW1/4 SE1/4Subject to existing easements.

8

160N- 46 102 $100.00 $16,000.00 N-4307140.00

100%Sur

Min 100%23 NE1/4 NW1/4Subject to existing easements.

9

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 11 of 341

Page 19: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 160N- 46 102 $100.00 $16,000.00 N-4307140.00

100%Sur

Min 100%23 NW1/4 NW1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%23 SE1/4 NW1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%23 SW1/4 NW1/4Subject to existing easements.

9

80N- 47 102 $100.00 $8,000.00 N-4307240.00

100%Sur

Min 100%2334

NE1/4 SW1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%2334

SE1/4 SW1/4Subject to existing easements.

9

8048 102 $100.00 $8,000.00 4307340.00

100%Sur

Min 100%1523

NW1/4 NW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%1523

SW1/4 NW1/4Subject to existing easements.

10

13N- 49 102 $100.00 $1,300.00 N-4307412.33

100%Sur

Min 100%23 That part of Govt Lot 4 lying with in the SW1/4 ofSE1/4, Section 10, T20N, R05WSubject to existing easements.

10

120N- 50 102 $60.00 $7,200.00 N-4307540.00

100%Sur

Min 100%23 NW1/4 SW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%23 SW1/4 SW1/4Subject to existing easements.

10

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 12 of 341

Page 20: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 120N- 50 102 $60.00 $7,200.00 N-4307540.00

100%Sur

Min 100%23 That part of Govt Lot 4 lying with in the SE1/4 ofSW1/4, Section 10, T20N, R05WSubject to existing easements.

10

12051 102 $100.00 $12,000.00 4307640.00

100%Sur

Min 100%15 NE1/4 NE1/4 11

40.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%15 SW1/4 NE1/4Subject to existing easements.

11

40N- 52 102 $80.00 $3,200.00 N-4307740.00

100%Sur

Min 100%NW1/4 NE1/4 11

1N- 53 102 $90.00 $90.00 N-430780.28

0%Sur

Min 100%A plat of land beginning 101/2 rods E of SW corner ofNW1/4 th E 5-2/3 rods N 7-3/4 rods, W 5-2/3 rods, S7-3/4 rods to place of beginning

11

80N- 54 102 $100.00 $8,000.00 N-4307940.00

100%Sur

Min 100%NW1/4 SE1/4 11

40.00

100%Sur

Min 100%SW1/4 SE1/4 11

80N- 55 102 $100.00 $8,000.00 N-4308040.00

100%Sur

Min 100%NE1/4 SW1/4 11

40.00

100%Sur

Min 100%SE1/4 SW1/4 11

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 13 of 341

Page 21: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

1N- 56 102 $100.00 $100.00 N-430811.00

0%Sur

Min 100%*Com. at a pt 300 ft. E. of NW cor. of NW1/4 sec. 12,th. E. 50 ft., th. S. 871.2 ft., th. W. 50 ft., th. N. 871.2 ft.to beg.

12

16057 102 $100.00 $16,000.00 4308240.00

100%Sur

Min 100%NE1/4 NE1/4 13

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 13

40.00

100%Sur

Min 100%SE1/4 NE1/4 13

40.00

100%Sur

Min 100%SW1/4 NE1/4 13

16058 102 $120.00 $19,200.00 4308340.00

100%Sur

Min 100%15 NE1/4 NW1/4 13

40.00

100%Sur

Min 100%NW1/4 NW1/4 13

40.00

100%Sur

Min 100%SE1/4 NW1/4 13

40.00

100%Sur

Min 100%SW1/4 NW1/4 13

16059 102 $120.00 $19,200.00 4308440.00

100%Sur

Min 100%15 NE1/4 SE1/4 13

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 13

40.00

100%Sur

Min 100%15 SE1/4 SE1/4 13

40.00

100%Sur

Min 100%49 SW1/4 SE1/4 13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 14 of 341

Page 22: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

12060 102 $100.00 $12,000.00 4308540.00

100%Sur

Min 100%15 NE1/4 SW1/4 13

40.00

100%Sur

Min 100%15 NW1/4 SW1/4 13

39.40

100%Sur

Min 100%15 SE1/4 SW1/4 13

22N- 61 102 $100.00 $2,200.00 N-4308621.85

100%Sur

Min 100%SW1/4 SW1/4 13

160N- 62 102 $120.00 $19,200.00 N-4308740.00

100%Sur

Min 100%23 NE1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%23 NW1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%23 SE1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%23 SW1/4 NE1/4Subject to existing easements.

14

4063 102 $100.00 $4,000.00 4308840.00

100%Sur

Min 100%1623

SW1/4 NW1/4Subject to existing easements.

14

120N- 64 102 $100.00 $12,000.00 N-4308940.00

100%Sur

Min 100%23 NE1/4 NW1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%23 NW1/4 NW1/4Subject to existing easements.

14

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 15 of 341

Page 23: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 120N- 64 102 $100.00 $12,000.00 N-4308940.00

100%Sur

Min 100%23 SE1/4 NW1/4Subject to existing easements.

14

40N- 65 102 $100.00 $4,000.00 N-4309040.00

100%Sur

Min 100%23 NW1/4 SW1/4Subject to existing easements.

14

40N- 66 102 $100.00 $4,000.00 N-430910.15

0%Sur

Min 100%23 Beginning at the NE corner of Section 15, th W 99 feet,S 66 feet, E 99 feet, N 66 feet to beginningSubject to existing easements.

15

0.45

0%Sur

Min 100%23 Commencing at NE corner of Section 15, th W 99 feet topoint of beginning, th W 165 feet, S 99 feet, E 264 feet,N 33 feet, W 99 feet, N 66 feet to point of beginningSubject to existing easements.

15

26.66

100%Sur

Min 100%23 NE1/4 NE1/4 except NE1/4 NE1/4 NE1/4, alsoexcepting the following description: That part of theNE1/4 NE1/4 described as follows: Com at NE cor ofSec 15, th S00d11m19s E 559.34 ft to the tpob; th cont S00d11m19s E 434 ft; th N 89d33m50s W 369.05 ft; th N00d11m19s W 434 ft; th S 89d33m50s E 369.05 ft topobSubject to existing easements.

15

5.10

0%Sur

Min 100%23 NE1/4 NE1/4 NE1/4 except a parcel of land beginning inNE corner Section 15 th W 264 feet, th S 99 feet, th E264 feet, th N 99 feet to place of beginning , alsoexcepting the following desc: Com NE cor of Sec 15, thS00°11'19" E 559.34 ft, th N89°33'50" W369.05 ft to thetpob; th cont N 89°33'50" W 284.5 ft; th N 05°48' W 658ft; th S 89°35'37" E 284.5 ft; th S05°48' E 658 ft m/l topob.Subject to existing easements.

15

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 16 of 341

Page 24: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 40N- 66 102 $100.00 $4,000.00 N-430913.34

0%Sur

Min 100%23 That part of the NE1/4 NE1/4 described as follows: Comat NE cor of Sec 15, th S00d11m19s E 559.34 ft to thetpob; th cont S 00d11m19s E 434 ft; th N 89d33m50s W369.05 ft; th N 00d11m19s W 434 ft; th S 89d33m50s E369.05 ft to pobSubject to existing easements.

15

4.30

100%Sur

Min 100%23 That portion of the NE1/4 NE1/4 NE1/4 described asfollows: Com NE cor of Sec 15, th S00°11'19" E 559.34ft, th N89°33'50" W369.05 ft to the tpob; th cont N89°33'50" W 284.5 ft; th N 05°48' W 658 ft; th S89°35'37" E 284.5 ft; th S05°48' E 658 ft m/l to pob.Subject to existing easements.

15

4067 102 $100.00 $4,000.00 4309240.00

100%Sur

Min 100%1523

NW1/4 NW1/4Subject to existing easements.

15

108N- 68 102 $120.00 $12,960.00 N-4309327.56

100%Sur

Min 100%23 LOT 3Subject to existing easements.

15

40.00

100%Sur

Min 100%23 NE1/4 NW1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%23 That part of LOT 2 lying in SE1/4 NW1/4, Section 15,T20N, R05WLOT 2Subject to existing easements.

15

16069 102 $300.00 $48,000.00 4309440.00

100%Sur

Min 100%1523

NE1/4 SE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%1523

NW1/4 SE1/4Subject to existing easements.

15

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 17 of 341

Page 25: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 16069 102 $300.00 $48,000.00 4309440.00

100%Sur

Min 100%23 SE1/4 SE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%23 SW1/4 SE1/4Subject to existing easements.

15

84N- 70 102 $120.00 $10,080.00 N-4309540.00

100%Sur

Min 100%23 SE1/4 SW1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%23 SW1/4 SW1/4Subject to existing easements.

15

3.14

100%Sur

Min 100%23 That part of LOT 2 lying in NE1/4 SW1/4, Section 15,T20N, R05WSubject to existing easements.

15

102N- 71 102 $150.00 $15,300.00 N-4309640.00

100%Sur

Min 100%23 NE1/4 NE1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%23 NW1/4 NE1/4Subject to existing easements.

16

21.30

100%Sur

Min 100%23 SE1/4 NE1/4Subject to existing easements.

16

23N- 72 102 $100.00 $2,300.00 N-4309722.20

0%Sur

Min 100%23 Govt Lot 9 16

4073 102 $150.00 $6,000.00 4309840.00

100%Sur

Min 100%1523

SW1/4 SE1/4Subject to existing easements.

16

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 18 of 341

Page 26: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

7774 102 $150.00 $11,550.00 4309936.26

100%Sur

Min 100%623

LOT 10Subject to existing easements.

16

40.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

16

160N- 75 102 $100.00 $16,000.00 N-4310040.00

100%Sur

Min 100%23 NE1/4 NE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%23 NW1/4 NE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%23 SE1/4 NE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%23 SW1/4 NE1/4Subject to existing easements.

17

8976 102 $150.00 $13,350.00 4310166.33

100%Sur

Min 100%151623

Govt Lot 2Subject to existing easements.

17

21.71

100%Sur

Min 100%151623

Govt Lot 4 (S1/2 SE1/4)Subject to existing easements.

17

57N- 77 102 $150.00 $8,550.00 N-4310256.37

100%Sur

Min 100%Govt Lot 6 19

60N- 78 102 $100.00 $6,000.00 N-4310314.62

100%Sur

Min 100%Lot 3 19

40.00

100%Sur

Min 100%NE1/4 NW1/4 19

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 19 of 341

Page 27: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 60N- 78 102 $100.00 $6,000.00 N-431034.40

100%Sur

Min 100%That part of Govt Lot 4 lying in the SE1/4 NW1/4 ofSection 19, T20N, R05W

19

4079 102 $100.00 $4,000.00 4310440.00

100%Sur

Min 100%1523

SW1/4 SE1/4Subject to existing easements.

19

80N- 80 102 $100.00 $8,000.00 N-4310540.00

100%Sur

Min 100%23 NE1/4 SE1/4Subject to existing easements.

19

40.00

100%Sur

Min 100%23 SE1/4 SE1/4Subject to existing easements.

19

4081 102 $100.00 $4,000.00 4310640.00

100%Sur

Min 100%6 SE1/4 SW1/4 19

93N- 82 102 $100.00 $9,300.00 N-4310728.34

100%Sur

Min 100%NW1/4 SW1/4 19

34.18

100%Sur

Min 100%SW1/4 SW1/4 19

30.44

100%Sur

Min 100%That part of Govt Lot 4 lying in the NE1/4 SW1/4 ofSection 19, T20N, R05W

19

93N- 83 102 $100.00 $9,300.00 N-4310828.44

100%Sur

Min 100%23 LOT 2Subject to existing easements.

20

17.64

100%Sur

Min 100%LOT 5, including riparian rights ajacent thereto 20

6.00

100%Sur

Min 100%23 Part of Govt Lot 4 in NE1/4 NW1/4Subject to existing easements.

20

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 20 of 341

Page 28: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 93N- 83 102 $100.00 $9,300.00 N-4310840.00

100%Sur

Min 100%23 Part of Govt Lot 4 in SE1/4 NW1/4 20

160N- 84 102 $100.00 $16,000.00 N-4310940.00

100%Sur

Min 100%23 NE1/4 SW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%23 NW1/4 SW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%23 SE1/4 SW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%23 SW1/4 SW1/4Subject to existing easements.

20

15885 102 $100.00 $15,800.00 4311040.00

100%Sur

Min 100%23 NE1/4 NE1/4Subject to existing easements.

21

37.82

100%Sur

Min 100%1523

NW1/4 of NE1/4 except beginning at NW corner ofNE1/4, th S 20 rods, E 16 rods, N 20 rods, W 16 rods tobeg Cemetary Lot also except S 30 feet of N 360 feet ofE 264 feet of NW1/4 of NE1/4Subject to existing easements.

21

0.18

0%Sur

Min 100%1523

S 30 feet of N 360 feet of E 264 feet of NW1/4 of NE1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%23 SE1/4 NE1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%23 SW1/4 NE1/4Subject to existing easements.

21

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 21 of 341

Page 29: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

12086 102 $100.00 $12,000.00 4311140.00

100%Sur

Min 100%1523

NW1/4 NW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%1523

SE1/4 NW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%152349

SW1/4 NW1/4Subject to existing easements.

21

4N- 87 119 $325.00 $1,300.00 N-431123.00

0%Sur

Min 100%23 N 330 feet of E 396 feetSubject to existing easements.

21

0.27

0%Sur

Min 100%23 S 30 feet of N 360 feet of E 396 feet of NE1/4 NW1/4Subject to existing easements.

21

8088 102 $160.00 $12,800.00 4311340.00

0%Sur

Min 100%1523

NE1/4 SE1/4 21

40.00

0%Sur

Min 100%1523

NW1/4 SE1/4 21

80N- 89 102 $180.00 $14,400.00 N-4311440.00

100%Sur

Min 100%23 SE1/4 SE1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%23 SW1/4 SE1/4Subject to existing easements.

21

8090 102 $160.00 $12,800.00 4311540.00

100%Sur

Min 100%1523

NE1/4 SW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%2349

SE1/4 SW1/4Subject to existing easements.

21

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 22 of 341

Page 30: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

40N- 91 104 $275.00 $11,000.00 N-4311640.00

100%Sur

Min 100%23 SW1/4 NE1/4Subject to existing easements.

22

120N- 92 104 $275.00 $33,000.00 N-4311740.00

100%Sur

Min 100%23 NE1/4 NW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%23 SE1/4 NW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%23 SW1/4 NW1/4Subject to existing easements.

22

40N- 93 104 $225.00 $9,000.00 N-4311840.00

100%Sur

Min 100%23 NW1/4 SE1/4Subject to existing easements.

22

120N- 94 104 $225.00 $27,000.00 N-4311940.00

100%Sur

Min 100%23 NE1/4 SW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%23 NW1/4 SW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%23 SW1/4 SW1/4Subject to existing easements.

22

1995 104 $225.00 $4,275.00 4312018.15

100%Sur

Min 100%1523

S1/2 SW1/4 NW1/4 except 1.85 acreas for right of waySubject to existing easements.

23

16096 104 $225.00 $36,000.00 4312140.00

100%Sur

Min 100%23 NE1/4 SE1/4Subject to existing easements.

23

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 23 of 341

Page 31: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 16096 104 $225.00 $36,000.00 4312140.00

100%Sur

Min 100%23 NW1/4 SE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%23 SE1/4 SE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%23 SW1/4 SE1/4Subject to existing easements.

23

12097 104 $225.00 $27,000.00 4312240.00

100%Sur

Min 100%23 NE1/4 SW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%1523

NW1/4 SW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%1523

SE1/4 SW1/4Subject to existing easements.

23

40N- 98 104 $225.00 $9,000.00 N-4312340.00

100%Sur

Min 100%23 SW1/4 SW1/4Subject to existing easements.

23

12099 104 $225.00 $27,000.00 4312440.00

100%Sur

Min 100%15 NE1/4 NE1/4 24

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 24

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 24

87100 104 $225.00 $19,575.00 4312545.70

100%Sur

Min 100%15 Govt Lot 1 24

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 24 of 341

Page 32: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 87100 104 $225.00 $19,575.00 4312540.76

100%Sur

Min 100%15 Govt Lot 2 24

49N- 101 104 $225.00 $11,025.00 N-4312648.91

100%Sur

Min 100%Govt Lot 3 24

120102 104 $225.00 $27,000.00 4312740.00

100%Sur

Min 100%15 NE1/4 SE1/4 24

40.00

100%Sur

Min 100%15 SE1/4 SE1/4 24

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 24

120103 104 $225.00 $27,000.00 4312840.00

100%Sur

Min 100%23 NW1/4 SW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%SE1/4 SW1/4 24

40.00

100%Sur

Min 100%23 SW1/4 SW1/4Subject to existing easements.

24

124104 102 $100.00 $12,400.00 4312941.23

100%Sur

Min 100%15 NE1/4 NW1/4 25

41.23

100%Sur

Min 100%NW1/4 NW1/4 25

41.49

100%Sur

Min 100%SW1/4 NW1/4 25

43105 107 $225.00 $9,675.00 4313042.01

100%Sur

Min 100%49 SE1/4 SE1/4 25

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 25 of 341

Page 33: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

84106 102 $100.00 $8,400.00 4313141.75

100%Sur

Min 100%49 NE1/4 SW1/4 25

41.75

100%Sur

Min 100%49 NW1/4 SW1/4 25

113107 107 $225.00 $25,425.00 4313240.00

100%Sur

Min 100%15 NE1/4 NE1/4 26

32.40

100%Sur

Min 100%15 NW1/4 NE1/4 except 3.6 acres for RR r/w in NW1/4NE1/4 and except a parcel described as commencing atNW corner, thence S 0d57m38s W 666.13 feet alongN-S l/4 line for POB, thence continuing S 0d57m38s W666.13 feet to SW corner, thence N 89d25m24s E261.66 feet, thence N 0d57m38s E 666.42 feet, thence S89d21m35s W 261.67 feet to POB

26

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 26

40N- 108 102 $200.00 $8,000.00 N-4313340.00

100%Sur

Min 100%SW1/4 NE1/4 26

80N- 109 107 $225.00 $18,000.00 N-4313440.00

100%Sur

Min 100%SE1/4 NW1/4 26

40.00

100%Sur

Min 100%SW1/4 NW1/4 26

80110 107 $225.00 $18,000.00 4313540.00

100%Sur

Min 100%49 NE1/4 SE1/4 26

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 26

160N- 111 102 $150.00 $24,000.00 N-4313640.00

100%Sur

Min 100%NE1/4 SW1/4 26

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 26 of 341

Page 34: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 160N- 111 102 $150.00 $24,000.00 N-4313640.00

100%Sur

Min 100%NW1/4 SW1/4 26

40.00

100%Sur

Min 100%SE1/4 SW1/4 26

40.00

100%Sur

Min 100%SW1/4 SW1/4 26

160N- 112 104 $225.00 $36,000.00 N-4313740.00

100%Sur

Min 100%NE1/4 NE1/4 27

40.00

100%Sur

Min 100%NW1/4 NE1/4 27

40.00

100%Sur

Min 100%SE1/4 NE1/4 27

40.00

100%Sur

Min 100%SW1/4 NE1/4 27

40113 104 $225.00 $9,000.00 4313840.00

100%Sur

Min 100%15 SW1/4 NW1/4 27

40N- 114 102 $100.00 $4,000.00 N-4313940.00

100%Sur

Min 100%NW1/4 NW1/4 27

160N- 115 102 $100.00 $16,000.00 N-4314040.00

100%Sur

Min 100%NE1/4 SE1/4 27

40.00

100%Sur

Min 100%NW1/4 SE1/4 27

40.00

100%Sur

Min 100%SE1/4 SE1/4 27

40.00

100%Sur

Min 100%SW1/4 SE1/4 27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 27 of 341

Page 35: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

80116 102 $100.00 $8,000.00 4314140.00

100%Sur

Min 100%15 NE1/4 SW1/4 27

40.00

100%Sur

Min 100%49 SE1/4 SW1/4 27

40N- 117 102 $100.00 $4,000.00 N-4314240.00

100%Sur

Min 100%SW1/4 SW1/4 27

40118 102 $100.00 $4,000.00 4314340.00

100%Sur

Min 100%49 SE1/4 NE1/4 28

120N- 119 102 $100.00 $12,000.00 N-4314440.00

100%Sur

Min 100%NE1/4 NE1/4 28

40.00

100%Sur

Min 100%NW1/4 NE1/4 28

40.00

100%Sur

Min 100%SW1/4 NE1/4 28

80120 102 $100.00 $8,000.00 4314540.00

100%Sur

Min 100%49 SE1/4 NW1/4 28

40.00

100%Sur

Min 100%49 SW1/4 NW1/4Subject to existing easements.

28

40N- 121 102 $100.00 $4,000.00 N-4314640.00

100%Sur

Min 100%NE1/4 NW1/4 28

120122 102 $100.00 $12,000.00 4314740.00

0%Sur

Min 100%49 NE1/4 SE1/4 28

40.00

0%Sur

Min 100%49 NW1/4 SE1/4 28

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 28 of 341

Page 36: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 120122 102 $100.00 $12,000.00 4314740.00

100%Sur

Min 100%49 SE1/4 SE1/4 28

40N- 123 102 $100.00 $4,000.00 N-4314840.00

100%Sur

Min 100%SW1/4 SE1/4 28

80124 102 $100.00 $8,000.00 4314940.00

100%Sur

Min 100%15 NE1/4 SW1/4 28

40.00

100%Sur

Min 100%49 SE1/4 SW1/4 28

160N- 125 102 $100.00 $16,000.00 N-4315040.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%NW1/4 NE1/4 29

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%SW1/4 NE1/4 29

120N- 126 102 $100.00 $12,000.00 N-4315140.00

0%Sur

Min 100%NE1/4 NW1/4 29

40.00

100%Sur

Min 100%SE1/4 NW1/4 29

40.00

100%Sur

Min 100%SW1/4 NW1/4 29

80127 102 $100.00 $8,000.00 4315240.00

100%Sur

Min 100%15 NE1/4 SE1/4Subject to existing easements.

29

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 29 of 341

Page 37: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 80127 102 $100.00 $8,000.00 4315240.00

100%Sur

Min 100%15 SW1/4 SE1/4 29

40N- 128 102 $100.00 $4,000.00 N-4315340.00

100%Sur

Min 100%NW1/4 SE1/4 29

160N- 129 102 $100.00 $16,000.00 N-4315440.00

100%Sur

Min 100%NE1/4 SW1/4 29

40.00

100%Sur

Min 100%NW1/4 SW1/4 29

40.00

100%Sur

Min 100%SE1/4 SW1/4 29

40.00

100%Sur

Min 100%SW1/4 SW1/4 29

119N- 130 102 $100.00 $11,900.00 N-4315540.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%NW1/4 NE1/4 30

38.40

100%Sur

Min 100%SE1/4 NE1/4 except commencing at the 1/4 postbetween Sections 29 and 30 running th W 16 rods, th N16 rods, th E 16 rods, th S 16 rods to place of beginning.Being a part of the SE1/4 NE1/4Subject to existing easements.

30

70N- 131 102 $100.00 $7,000.00 N-4315634.60

100%Sur

Min 100%23 NW1/4 NW1/4 30

34.51

100%Sur

Min 100%23 SW1/4 NW1/4 30

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 30 of 341

Page 38: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

120N- 132 102 $100.00 $12,000.00 N-4315740.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%23 SE1/4 SE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%23 SW1/4 SE1/4Subject to existing easements.

30

149N- 133 102 $100.00 $14,900.00 N-4315840.00

100%Sur

Min 100%23 NE1/4 SW1/4 30

34.41

100%Sur

Min 100%23 NW1/4 SW1/4 30

40.00

100%Sur

Min 100%23 SE1/4 SW1/4 30

34.32

100%Sur

Min 100%23 SW1/4 SW1/4 30

40134 102 $100.00 $4,000.00 4315940.00

100%Sur

Min 100%1523

SE1/4 NE1/4 31

120N- 135 102 $100.00 $12,000.00 N-4316040.00

100%Sur

Min 100%23 NE1/4 NE1/4 31

40.00

100%Sur

Min 100%23 NW1/4 NE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%23 SW1/4 NE1/4Subject to existing easements.

31

150N- 136 102 $100.00 $15,000.00 N-4316140.00

100%Sur

Min 100%23 NE1/4 NW1/4 31

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 31 of 341

Page 39: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 150N- 136 102 $100.00 $15,000.00 N-4316134.40

100%Sur

Min 100%23 NW1/4 NW1/4 31

40.00

100%Sur

Min 100%23 SE1/4 NW1/4 31

34.63

100%Sur

Min 100%23 SW1/4 NW1/4 31

160137 102 $100.00 $16,000.00 4316240.00

100%Sur

Min 100%23 NE1/4 SE1/4 31

40.00

100%Sur

Min 100%23 NW1/4 SE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%23 SE1/4 SE1/4 31

40.00

100%Sur

Min 100%1523

SW1/4 SE1/4Subject to existing easements.

31

150138 102 $100.00 $15,000.00 4316340.00

100%Sur

Min 100%1523

NE1/4 SW1/4 31

34.86

100%Sur

Min 100%152349

NW1/4 SW1/4 31

40.00

100%Sur

Min 100%152349

SE1/4 SW1/4 31

35.10

100%Sur

Min 100%1523

SW1/4 SW1/4 31

160N- 139 102 $100.00 $16,000.00 N-4316440.00

100%Sur

Min 100%NE1/4 NE1/4 32

40.00

100%Sur

Min 100%NW1/4 NE1/4 32

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 32 of 341

Page 40: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 160N- 139 102 $100.00 $16,000.00 N-4316440.00

100%Sur

Min 100%SE1/4 NE1/4 32

40.00

100%Sur

Min 100%SW1/4 NE1/4 32

80140 102 $100.00 $8,000.00 4316540.00

100%Sur

Min 100%2349

NE1/4 NW1/4 32

40.00

100%Sur

Min 100%1523

SW1/4 NW1/4 32

80N- 141 102 $100.00 $8,000.00 N-4316640.00

100%Sur

Min 100%23 NW1/4 NW1/4 32

40.00

100%Sur

Min 100%23 SE1/4 NW1/4 32

160142 102 $100.00 $16,000.00 4316740.00

100%Sur

Min 100%23 NE1/4 SW1/4 32

40.00

100%Sur

Min 100%1523

NW1/4 SW1/4 32

40.00

100%Sur

Min 100%2349

SE1/4 SW1/4 32

40.00

100%Sur

Min 100%1523

SW1/4 SW1/4 32

40143 102 $100.00 $4,000.00 4316840.00

100%Sur

Min 100%15 NE1/4 NE1/4 33

120N- 144 102 $100.00 $12,000.00 N-4316940.00

100%Sur

Min 100%NW1/4 NE1/4 33

40.00

100%Sur

Min 100%SE1/4 NE1/4 33

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 33 of 341

Page 41: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 120N- 144 102 $100.00 $12,000.00 N-4316940.00

100%Sur

Min 100%SW1/4 NE1/4 33

80145 102 $100.00 $8,000.00 4317040.00

100%Sur

Min 100%1549

NE1/4 NW1/4 33

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 33

80N- 146 102 $100.00 $8,000.00 N-4317140.00

100%Sur

Min 100%NW1/4 NW1/4 33

40.00

100%Sur

Min 100%SW1/4 NW1/4 33

70147 102 $100.00 $7,000.00 4317220.00

100%Sur

Min 100%N1/2 SE1/4 SE1/4 33

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 33

10.00

100%Sur

Min 100%15 SW1/4 SE1/4 SE1/4 33

80N- 148 102 $100.00 $8,000.00 N-4317340.00

100%Sur

Min 100%NE1/4 SE1/4 33

40.00

100%Sur

Min 100%NW1/4 SE1/4 33

120N- 149 102 $100.00 $12,000.00 N-4317440.00

100%Sur

Min 100%NE1/4 SW1/4 33

40.00

100%Sur

Min 100%NW1/4 SW1/4 33

40.00

100%Sur

Min 100%SE1/4 SW1/4 33

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 34 of 341

Page 42: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

120N- 150 102 $100.00 $12,000.00 N-4317540.00

100%Sur

Min 100%NE1/4 NE1/4 34

40.00

100%Sur

Min 100%NW1/4 NE1/4 34

40.00

100%Sur

Min 100%SW1/4 NE1/4 34

160N- 151 102 $100.00 $16,000.00 N-4317640.00

100%Sur

Min 100%NE1/4 NW1/4 34

40.00

100%Sur

Min 100%NW1/4 NW1/4 34

40.00

100%Sur

Min 100%SE1/4 NW1/4 34

40.00

100%Sur

Min 100%SW1/4 NW1/4 34

80152 102 $100.00 $8,000.00 4317740.00

100%Sur

Min 100%15 NW1/4 SW1/4 34

40.00

100%Sur

Min 100%SW1/4 SW1/4 34

40153 102 $100.00 $4,000.00 4317840.00

100%Sur

Min 100%15 NE1/4 NE1/4 35

80N- 154 102 $100.00 $8,000.00 N-4317940.00

100%Sur

Min 100%NW1/4 NE1/4 35

40.00

100%Sur

Min 100%SW1/4 NE1/4 35

160N- 155 102 $100.00 $16,000.00 N-4318040.00

100%Sur

Min 100%NE1/4 NW1/4 35

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 35 of 341

Page 43: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R05W

(Continued) 160N- 155 102 $100.00 $16,000.00 N-4318040.00

100%Sur

Min 100%NW1/4 NW1/4 35

40.00

100%Sur

Min 100%SE1/4 NW1/4 35

40.00

100%Sur

Min 100%SW1/4 NW1/4 35

80156 102 $100.00 $8,000.00 4318140.00

100%Sur

Min 100%15 NE1/4 SW1/4 35

40.00

100%Sur

Min 100%15 NW1/4 SW1/4 35

83157 102 $100.00 $8,300.00 4318241.33

100%Sur

Min 100%15 SE1/4 NE1/4 36

41.33

100%Sur

Min 100%15 SW1/4 NE1/4 36

167158 102 $100.00 $16,700.00 4318341.87

100%Sur

Min 100%15 NE1/4 NW1/4 36

41.87

100%Sur

Min 100%15 NW1/4 NW1/4Subject to existing easements.

36

41.33

100%Sur

Min 100%SE1/4 NW1/4 36

41.33

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

36

82159 102 $100.00 $8,200.00 4318440.80

100%Sur

Min 100%15 NE1/4 SE1/4 36

40.80

100%Sur

Min 100%NW1/4 SE1/4 36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 36 of 341

Page 44: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R06W

107N- 160 102 $100.00 $10,700.00 N-4318527.70

100%Sur

Min 100%23 Gov't Lot 4 - NW1/4 NW1/4Subject to existing easements.

3

39.00

100%Sur

Min 100%23 SE1/4 NW1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%23 SW1/4 NW1/4Subject to existing easements.

3

80161 102 $100.00 $8,000.00 4318640.00

0%Sur

Min 100%1523

NE1/4 NW1/4Subject to existing easements.

11

40.00

0%Sur

Min 100%1523

SE1/4 NW1/4Subject to existing easements.

11

160162 102 $100.00 $16,000.00 4318740.00

100%Sur

Min 100%1523

NE1/4 SW1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%1523

NW1/4 SW1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%1523

SE1/4 SW1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%1523

SW1/4 SW1/4Subject to existing easements.

11

120N- 163 102 $100.00 $12,000.00 N-4318840.00

100%Sur

Min 100%23 NW1/4 NW1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%23 SE1/4 NW1/4Subject to existing easements.

13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 37 of 341

Page 45: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R06W

(Continued) 120N- 163 102 $100.00 $12,000.00 N-4318840.00

100%Sur

Min 100%23 SW1/4 NW1/4Subject to existing easements.

13

120164 102 $100.00 $12,000.00 4318940.00

100%Sur

Min 100%23 NE1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%23 NW1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%23 SW1/4 NE1/4Subject to existing easements.

14

80165 102 $100.00 $8,000.00 4319040.00

100%Sur

Min 100%23 NW1/4 NW1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%23 SW1/4 NW1/4Subject to existing easements.

14

73N- 166 108 $225.00 $16,425.00 N-4319136.11

0%Sur

Min 100%23 NW1/4 NW1/4Subject to existing easements.

18

36.25

0%Sur

Min 100%23 SW1/4 NW1/4Subject to existing easements.

18

40N- 167 102 $150.00 $6,000.00 N-4319240.00

100%Sur

Min 100%SW1/4 NE1/4 24

160N- 168 102 $100.00 $16,000.00 N-4319340.00

100%Sur

Min 100%NE1/4 NW1/4 24

40.00

100%Sur

Min 100%NW1/4 NW1/4 24

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 38 of 341

Page 46: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R06W

(Continued) 160N- 168 102 $100.00 $16,000.00 N-4319340.00

100%Sur

Min 100%SE1/4 NW1/4 24

40.00

100%Sur

Min 100%SW1/4 NW1/4 24

67N- 169 102 $100.00 $6,700.00 N-4319466.37

100%Sur

Min 100%Govt Lot 2 24

160N- 170 102 $100.00 $16,000.00 N-4319540.00

100%Sur

Min 100%NE1/4 SW1/4 24

40.00

100%Sur

Min 100%NW1/4 SW1/4 24

40.00

100%Sur

Min 100%SE1/4 SW1/4 24

40.00

100%Sur

Min 100%SW1/4 SW1/4 24

80N- 171 102 $100.00 $8,000.00 N-4319640.00

100%Sur

Min 100%23 NE1/4 SE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%23 NW1/4 SE1/4Subject to existing easements.

25

40N- 172 102 $100.00 $4,000.00 N-4319740.00

100%Sur

Min 100%23 NE1/4 NE1/4Subject to existing easements.

26

40N- 173 102 $100.00 $4,000.00 N-4319840.00

100%Sur

Min 100%23 NE1/4 SW1/4Subject to existing easements.

26

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 39 of 341

Page 47: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R06W

40174 102 $100.00 $4,000.00 4319940.00

100%Sur

Min 100%23 SE1/4 NW1/4Subject to existing easements.

27

80175 102 $50.00 $4,000.00 4320040.00

100%Sur

Min 100%1523

NE1/4 SE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%1523

SE1/4 SE1/4Subject to existing easements.

27

40176 102 $100.00 $4,000.00 4320140.00

100%Sur

Min 100%1523

NE1/4 SW1/4Subject to existing easements.

28

80177 129 $175.00 $14,000.00 4320240.00

100%Sur

Min 100%23 NE1/4 NW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%1523

SW1/4 NW1/4Subject to existing easements.

34

40178 102 $100.00 $4,000.00 4320340.00

100%Sur

Min 100%1523

SE1/4 SE1/4Subject to existing easements.

34

34N- 179 129 $210.00 $7,140.00 N-432049.47

100%Sur

Min 100%Govt Lot 3 34

23.92

0%Sur

Min 100%23 Govt Lot 6Subject to existing easements.

34

114N- 180 102 $100.00 $11,400.00 N-4320533.95

100%Sur

Min 100%23 Lot 2Subject to existing easements.

35

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 40 of 341

Page 48: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R06W

(Continued) 114N- 180 102 $100.00 $11,400.00 N-4320538.43

100%Sur

Min 100%Lot 4 35

0.39

100%Sur

Min 100%23 LOT 1Subject to existing easements.

35

0.68

100%Sur

Min 100%23 LOT 3Subject to existing easements.

35

40.00

100%Sur

Min 100%23 SE1/4 NE1/4Subject to existing easements.

35

73N- 181 102 $100.00 $7,300.00 N-432061.00

100%Sur

Min 100%*LOT 6 35

33.15

100%Sur

Min 100%Govt Lot 7Subject to existing easements.

35

38.64

100%Sur

Min 100%23 LOT 5Subject to existing easements.

35

120N- 182 102 $100.00 $12,000.00 N-4320740.00

100%Sur

Min 100%23 NE1/4 SE1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%23 SE1/4 SE1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%23 SW1/4 SE1/4Subject to existing easements.

35

120N- 183 102 $100.00 $12,000.00 N-4320840.00

100%Sur

Min 100%23 NW1/4 SW1/4Subject to existing easements.

35

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 41 of 341

Page 49: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R06W

(Continued) 120N- 183 102 $100.00 $12,000.00 N-4320840.00

100%Sur

Min 100%23 SE1/4 SW1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%23 SW1/4 SW1/4Subject to existing easements.

35

80N- 184 102 $100.00 $8,000.00 N-4320940.00

100%Sur

Min 100%23 NE1/4 NE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%23 NW1/4 NE1/4Subject to existing easements.

36

159N- 185 102 $100.00 $15,900.00 N-432100.42

100%Sur

Min 100%LOT 1Subject to existing easements.

36

37.87

100%Sur

Min 100%23 LOT 2Subject to existing easements.

36

40.00

100%Sur

Min 100%23 NE1/4 NW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%23 SE1/4 NW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%23 SW1/4 NW1/4Subject to existing easements.

36

120186 102 $110.00 $13,200.00 4321140.00

100%Sur

Min 100%23 NE1/4 SE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%23 NW1/4 SE1/4Subject to existing easements.

36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 42 of 341

Page 50: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Clare CountyT20N R06W

(Continued) 120186 102 $110.00 $13,200.00 4321140.00

100%Sur

Min 100%23 SE1/4 SE1/4Subject to existing easements.

36

40N- 187 102 $100.00 $4,000.00 N-4321240.00

100%Sur

Min 100%23 SW1/4 SE1/4Subject to existing easements.

36

120N- 188 102 $100.00 $12,000.00 N-4321340.00

100%Sur

Min 100%23 NE1/4 SW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%23 SE1/4 SW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%23 SW1/4 SW1/4Subject to existing easements.

36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 43 of 341

Page 51: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

120189 102 $150.00 $18,000.00 4321440.00

100%Sur

Min 100%16 NE1/4 SW1/4 3

40.00

100%Sur

Min 100%16 SE1/4 SW1/4 3

40.00

100%Sur

Min 100%16 SW1/4 SW1/4Subject to existing easements.

3

93190 102 $150.00 $13,950.00 4321520.00

100%Sur

Min 100%101516

S1/2 NE1/4 SE1/4 4

12.30

100%Sur

Min 100%16 S1/2 NW1/4 SE1/4 except RR & except that part lying S& W of the former Penn Central RR r/w

4

30.00

100%Sur

Min 100%16 S3/4 SE1/4 SE1/4Subject to existing easements.

4

30.00

100%Sur

Min 100%16 S3/4 SW1/4 SE1/4 4

15191 102 $150.00 $2,250.00 4321614.60

100%Sur

Min 100%10 NE1/4 SW1/4 except that part lying S & W of the formerPenn Central RR R/W

4

8192 102 $100.00 $800.00 432173.95

100%Sur

Min 100%15 W 130 feet of NW1/4 SE1/4Subject to existing easements.

5

3.95

100%Sur

Min 100%W130 feet of SW1/4 SE1/4Subject to existing easements.

5

80193 102 $100.00 $8,000.00 4321840.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

6

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 44 of 341

Page 52: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

(Continued) 80193 102 $100.00 $8,000.00 4321840.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

6

40194 102 $100.00 $4,000.00 4321940.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

8

37195 102 $50.00 $1,850.00 4322036.75

100%Sur

Min 100%NE1/4 NW1/4 except that part lying within hwy r/wSubject to existing easements.

8

80196 102 $70.00 $5,600.00 4322140.00

100%Sur

Min 100%15 NE1/4 NW1/4 9

40.00

100%Sur

Min 100%15 NW1/4 NW1/4 9

160197 102 $100.00 $16,000.00 4322240.00

100%Sur

Min 100%NE1/4 SE1/4 9

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 9

40.00

100%Sur

Min 100%1549

SE1/4 SE1/4 9

40.00

100%Sur

Min 100%1549

SW1/4 SE1/4 9

80N- 198 102 $90.00 $7,200.00 N-4322340.00

100%Sur

Min 100%NE1/4 SW1/4 9

40.00

100%Sur

Min 100%SE1/4 SW1/4 9

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 45 of 341

Page 53: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

160N- 199 102 $50.00 $8,000.00 N-4322440.00

100%Sur

Min 100%NE1/4 NE1/4 10

40.00

100%Sur

Min 100%NW1/4 NE1/4 10

40.00

100%Sur

Min 100%SE1/4 NE1/4 10

40.00

100%Sur

Min 100%SW1/4 NE1/4 10

159200 102 $100.00 $15,900.00 4322538.67

100%Sur

Min 100%NE1/4 NW1/4 except 1.33 acres for RR 10

40.00

100%Sur

Min 100%NW1/4 NW1/4 10

40.00

100%Sur

Min 100%SE1/4 NW1/4 10

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 10

160201 102 $70.00 $11,200.00 4322640.00

100%Sur

Min 100%NE1/4 SE1/4 10

40.00

100%Sur

Min 100%10 NW1/4 SE1/4 10

40.00

100%Sur

Min 100%SE1/4 SE1/4 10

40.00

100%Sur

Min 100%10 SW1/4 SE1/4 10

80N- 202 102 $70.00 $5,600.00 N-4322740.00

100%Sur

Min 100%SE1/4 SW1/4 10

40.00

100%Sur

Min 100%SW1/4 SW1/4 10

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 46 of 341

Page 54: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

84203 102 $70.00 $5,880.00 4322840.00

100%Sur

Min 100%1019

NE1/4 NE1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

11

4.00

100%Sur

Min 100%1519

That part of SW1/4 NE1/4 lying S of RR 11

16N- 204 102 $70.00 $1,120.00 N-4322916.00

100%Sur

Min 100%SE1/4 NW1/4 S of RR 11

20N- 205 102 $70.00 $1,400.00 N-4323020.00

100%Sur

Min 100%N1/2 SE1/4 SE1/4 11

120206 102 $70.00 $8,400.00 4323140.00

100%Sur

Min 100%1519

NW1/4 SW1/4 11

40.00

100%Sur

Min 100%SE1/4 SW1/4 11

40.00

100%Sur

Min 100%1519

SW1/4 SW1/4 11

40N- 207 102 $70.00 $2,800.00 N-4323240.00

100%Sur

Min 100%35 NE1/4 SW1/4 11

120208 102 $70.00 $8,400.00 4323340.00

100%Sur

Min 100%NW1/4 SE1/4 12

40.00

100%Sur

Min 100%10 SE1/4 SE1/4 12

40.00

100%Sur

Min 100%SW1/4 SE1/4 12

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 47 of 341

Page 55: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

120209 102 $70.00 $8,400.00 4323440.00

100%Sur

Min 100%NE1/4 SW1/4 12

40.00

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%SE1/4 SW1/4 12

80N- 210 102 $70.00 $5,600.00 N-4323540.00

100%Sur

Min 100%NE1/4 NE1/4 13

40.00

100%Sur

Min 100%SE1/4 NE1/4 13

140211 102 $70.00 $9,800.00 4323640.00

100%Sur

Min 100%NE1/4 SE1/4 13

20.00

100%Sur

Min 100%19 S1/2 NW1/4 SE1/4 13

40.00

100%Sur

Min 100%19 SE1/4 SE1/4 13

40.00

100%Sur

Min 100%19 SW1/4 SE1/4 13

80212 102 $70.00 $5,600.00 4323720.00

100%Sur

Min 100%19 N1/2 NE1/4 SW1/4 13

20.00

100%Sur

Min 100%19 S1/2 NE1/4 SW1/4 13

40.00

100%Sur

Min 100%19 SE1/4 SW1/4 13

119213 102 $70.00 $8,330.00 4323840.00

100%Sur

Min 100%NE1/4 NE1/4 14

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 48 of 341

Page 56: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

(Continued) 119213 102 $70.00 $8,330.00 4323840.00

100%Sur

Min 100%NW1/4 NE1/4 14

38.25

100%Sur

Min 100%SW1/4 NE1/4 except 1.75 Acres for RR 14

160N- 214 102 $70.00 $11,200.00 N-4323940.00

100%Sur

Min 100%NE1/4 NW1/4 14

40.00

100%Sur

Min 100%NW1/4 NW1/4 14

40.00

100%Sur

Min 100%SE1/4 NW1/4 14

40.00

100%Sur

Min 100%SW1/4 NW1/4 14

80N- 215 102 $70.00 $5,600.00 N-4324040.00

100%Sur

Min 100%SE1/4 SE1/4 14

40.00

100%Sur

Min 100%SW1/4 SE1/4 14

160216 102 $70.00 $11,200.00 4324140.00

100%Sur

Min 100%19 NE1/4 SW1/4 14

40.00

100%Sur

Min 100%19 NW1/4 SW1/4 14

40.00

100%Sur

Min 100%SE1/4 SW1/4 14

40.00

100%Sur

Min 100%319

SW1/4 SW1/4 14

160N- 217 102 $70.00 $11,200.00 N-4324240.00

100%Sur

Min 100%NE1/4 NE1/4 15

40.00

100%Sur

Min 100%NW1/4 NE1/4 15

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 49 of 341

Page 57: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

(Continued) 160N- 217 102 $70.00 $11,200.00 N-4324240.00

100%Sur

Min 100%SE1/4 NE1/4 15

40.00

100%Sur

Min 100%SW1/4 NE1/4 15

160218 102 $70.00 $11,200.00 4324340.00

100%Sur

Min 100%NE1/4 NW1/4 15

40.00

100%Sur

Min 100%NW1/4 NW1/4 15

40.00

100%Sur

Min 100%19 SE1/4 NW1/4 15

40.00

100%Sur

Min 100%SW1/4 NW1/4 15

160219 102 $70.00 $11,200.00 4324440.00

100%Sur

Min 100%19 NE1/4 SE1/4 15

40.00

100%Sur

Min 100%19 NW1/4 SE1/4 15

40.00

100%Sur

Min 100%SE1/4 SE1/4 15

40.00

100%Sur

Min 100%19 SW1/4 SE1/4 15

80N- 220 102 $70.00 $5,600.00 N-4324540.00

100%Sur

Min 100%SE1/4 NE1/4 16

40.00

100%Sur

Min 100%SW1/4 NE1/4 16

120221 102 $70.00 $8,400.00 4324640.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

16

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 50 of 341

Page 58: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

(Continued) 120221 102 $70.00 $8,400.00 4324640.00

100%Sur

Min 100%19 SE1/4 NW1/4 16

40.00

100%Sur

Min 100%19 SW1/4 NW1/4Subject to existing easements.

16

80222 102 $70.00 $5,600.00 4324740.00

100%Sur

Min 100%19 NE1/4 SW1/4 16

40.00

100%Sur

Min 100%19 NW1/4 SW1/4Subject to existing easements.

16

160223 102 $70.00 $11,200.00 4324840.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

17

80224 102 $70.00 $5,600.00 4324940.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SE1/4 NW1/4 17

80N- 225 102 $70.00 $5,600.00 N-4325040.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

17

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 51 of 341

Page 59: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

(Continued) 80N- 225 102 $70.00 $5,600.00 N-4325040.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

17

38N- 226 102 $70.00 $2,660.00 N-4325138.00

100%Sur

Min 100%Part of N1/2 SW1/4 lying NE'ly of the E'ly r/w line of I-75 17

80227 102 $70.00 $5,600.00 4325220.00

100%Sur

Min 100%E1/2 NW1/4 NE1/4 21

20.00

100%Sur

Min 100%E1/2 SW1/4 NE1/4 21

20.00

100%Sur

Min 100%W1/2 NW1/2 NE1/4 21

20.00

100%Sur

Min 100%W1/2 SW1/2 NE1/4 21

80N- 228 102 $70.00 $5,600.00 N-4325340.00

100%Sur

Min 100%NE1/4 SE1/4 22

40.00

100%Sur

Min 100%SE1/4 SE1/4 22

40229 102 $70.00 $2,800.00 4325440.00

100%Sur

Min 100%SW1/4 SW1/4 22

80230 102 $70.00 $5,600.00 4325540.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%49 SE1/4 NW1/4Subject to existing easements.

23

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 52 of 341

Page 60: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

77N- 231 102 $70.00 $5,390.00 N-4325636.80

100%Sur

Min 100%34 E1/2 W1/2 NW1/4 except commencing 80 rods E and 2rods S of the NW corner of Section 23, thence running12 rods 10 feet W, thence 12 rods 10 feet S, thence 12rods 10 feet E, thence 12 rods 10 feet N to the point ofbeginning, containing 1 acre, m/l, which parcel of land isowned by the District Board of School District No. 7 ofthe Township of Centerplains, Crawford County,Michigan and also excepting from the E1/2 E1/2 NW1/4NW1/4 of said Section 23, a railroad r/w across the saiddescription owned and operated by the Michigan CentralRailroad Co., said strip containing 2.2 acres more or lessSubject to existing easements.

23

40.00

100%Sur

Min 100%34 W1/2 W1/2 NW1/4Subject to existing easements.

23

80232 102 $70.00 $5,600.00 4325740.00

100%Sur

Min 100%NE1/4 SE1/4 23

40.00

100%Sur

Min 100%49 SW1/4 SE1/4Subject to existing easements.

23

160N- 233 102 $70.00 $11,200.00 N-4325840.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%NW1/4 SW1/4 23

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SW1/4 SW1/4 23

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 53 of 341

Page 61: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

80234 102 $70.00 $5,600.00 4325940.00

100%Sur

Min 100%NE1/4 NE1/4 24

40.00

100%Sur

Min 100%NW1/4 NE1/4 24

160N- 235 102 $125.00 $20,000.00 N-4326040.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%SW1/4 NW1/4 24

40N- 236 102 $70.00 $2,800.00 N-4326140.00

100%Sur

Min 100%NE1/4 SE1/4 24

30237 102 $70.00 $2,100.00 4326210.00

100%Sur

Min 100%NW1/4 NW1/4 SW1/4 24

20.00

100%Sur

Min 100%S1/2 NW1/4 SW1/4 24

40N- 238 102 $70.00 $2,800.00 N-4326340.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

24

80N- 239 102 $70.00 $5,600.00 N-4326440.00

100%Sur

Min 100%NW1/4 NW1/4 25

40.00

100%Sur

Min 100%SW1/4 NW1/4 25

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 54 of 341

Page 62: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

160N- 240 102 $70.00 $11,200.00 N-4326540.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%NW1/4 SW1/4 25

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%SW1/4 SW1/4 25

104N- 241 102 $70.00 $7,280.00 N-4326640.00

100%Sur

Min 100%NE1/4 NE1/4 26

40.00

100%Sur

Min 100%SE1/4 NE1/4 26

24.00

100%Sur

Min 100%W1/2 NE1/4 W of RR 26

160N- 242 102 $70.00 $11,200.00 N-4326740.00

100%Sur

Min 100%NE1/4 NW1/4 26

40.00

100%Sur

Min 100%NW1/4 NW1/4 26

40.00

100%Sur

Min 100%SE1/4 NW1/4 26

40.00

100%Sur

Min 100%SW1/4 NW1/4 26

38243 102 $70.00 $2,660.00 432682.00

100%Sur

Min 100%15 SW1/4 SE1/4 E of RR 26

36.00

100%Sur

Min 100%1549

SW1/4 SE1/4 W of RR 26

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 55 of 341

Page 63: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

114N- 244 102 $70.00 $7,980.00 N-4326940.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

26

5.00

100%Sur

Min 100%NW1/4 SE1/4 E of RR right-of-way 26

32.00

100%Sur

Min 100%NW1/4 SE1/4 W of RRSubject to existing easements.

26

32.00

100%Sur

Min 100%SE1/4 SE1/4 E of RR 26

5.00

100%Sur

Min 100%SE1/4 SE1/4 W of RRSubject to existing easements.

26

160N- 245 102 $70.00 $11,200.00 N-4327040.00

100%Sur

Min 100%NE1/4 SW1/4 26

40.00

100%Sur

Min 100%NW1/4 SW1/4 26

40.00

100%Sur

Min 100%SE1/4 SW1/4 26

40.00

100%Sur

Min 100%SW1/4 SW1/4 26

160N- 246 102 $70.00 $11,200.00 N-4327140.00

100%Sur

Min 100%NE1/4 NE1/4 27

40.00

100%Sur

Min 100%NW1/4 NE1/4 27

40.00

100%Sur

Min 100%SE1/4 NE1/4 27

40.00

100%Sur

Min 100%SW1/4 NE1/4 27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 56 of 341

Page 64: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

120247 102 $70.00 $8,400.00 4327220.00

100%Sur

Min 100%N1/2 SW1/4 NW1/4 27

40.00

100%Sur

Min 100%49 NE1/4 NW1/4 27

20.00

100%Sur

Min 100%S1/2 SW1/4 NW1/4 27

40.00

100%Sur

Min 100%SE1/4 NW1/4 27

40248 102 $70.00 $2,800.00 4327340.00

100%Sur

Min 100%49 NW1/4 SE1/4 27

80N- 249 102 $70.00 $5,600.00 N-4327440.00

100%Sur

Min 100%NE1/4 SE1/4 27

40.00

100%Sur

Min 100%SE1/4 SE1/4 27

20N- 250 102 $70.00 $1,400.00 N-4327520.00

100%Sur

Min 100%NW1/4 SW1/4 27

40N- 251 102 $70.00 $2,800.00 N-4327640.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

29

80N- 252 102 $70.00 $5,600.00 N-4327740.00

100%Sur

Min 100%35 SE1/4 NE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

30

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 57 of 341

Page 65: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R03W

120253 102 $70.00 $8,400.00 4327840.00

100%Sur

Min 100%49 NE1/4 SE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%49 NW1/4 SE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%49 SE1/4 SE1/4Subject to existing easements.

30

80254 102 $70.00 $5,600.00 4327940.00

100%Sur

Min 100%49 SE1/4 NE1/4 34

40.00

100%Sur

Min 100%49 SW1/4 NE1/4 34

40255 102 $70.00 $2,800.00 4328040.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

34

40N- 256 102 $70.00 $2,800.00 N-4328140.00

100%Sur

Min 100%NW1/4 NE1/4 35

80N- 257 102 $70.00 $5,600.00 N-4328240.00

100%Sur

Min 100%NE1/4 NW1/4 35

40.00

100%Sur

Min 100%SE1/4 NW1/4 35

40N- 258 102 $70.00 $2,800.00 N-4328340.00

100%Sur

Min 100%SW1/4 SW1/4 35

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 58 of 341

Page 66: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R04W

76259 103 $50.00 $3,800.00 4328440.00

100%Sur

Min 100%649

SE1/4 SW1/4 30

35.49

100%Sur

Min 100%649

SW1/4 SW1/4Subject to existing easements.

30

36N- 260 103 $13.00 $468.00 N-4328535.79

100%Sur

Min 100%34 NW1/4 SW1/4Subject to existing easements.

30

160261 103 $13.00 $2,080.00 4328640.00

100%Sur

Min 100%5 NE1/4 NE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%49 NW1/4 NE1/4 31

40.00

100%Sur

Min 100%5 SE1/4 NE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%5 SW1/4 NE1/4Subject to existing easements.

31

150N- 262 103 $13.00 $1,950.00 N-4328740.00

100%Sur

Min 100%NE1/4 NW1/4 31

35.03

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

31

34.40

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

31

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 59 of 341

Page 67: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Crawford CountyT25N R04W

160N- 263 103 $13.00 $2,080.00 N-4328840.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%SE1/4 SE1/4 31

40.00

100%Sur

Min 100%SW1/4 SE1/4 31

147264 103 $13.00 $1,911.00 4328940.00

100%Sur

Min 100%520

NE1/4 SW1/4Subject to existing easements.

31

33.76

100%Sur

Min 100%51020

NW1/4 SW1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%510

SE1/4 SW1/4 31

33.12

100%Sur

Min 100%510

SW1/4 SW1/4Subject to existing easements.

31

160265 103 $13.00 $2,080.00 4329040.00

100%Sur

Min 100%5 NE1/4 SW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%5 NW1/4 SW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%5 SE1/4 SW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%5 SW1/4 SW1/4Subject to existing easements.

32

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 60 of 341

Page 68: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R01E

106266 102 $90.00 $9,540.00 4329125.47

100%Sur

Min 100%NE1/4 NE1/4 1

40.00

100%Sur

Min 100%SE1/4 NE1/4 1

40.00

100%Sur

Min 100%SW1/4 NE1/4 1

26N- 267 102 $120.00 $3,120.00 N-4329225.40

100%Sur

Min 100%NW1/4 NE1/4 1

40268 102 $40.00 $1,600.00 4329340.00

100%Sur

Min 100%SE1/4 NW1/4 1

160269 107 $190.00 $30,400.00 4329440.00

100%Sur

Min 100%NE1/4 SE1/4 1

40.00

100%Sur

Min 100%NW1/4 SE1/4 1

40.00

100%Sur

Min 100%SE1/4 SE1/4 1

40.00

100%Sur

Min 100%SW1/4 SE1/4 1

80270 107 $190.00 $15,200.00 4329540.00

100%Sur

Min 100%NE1/4 SW1/4 1

40.00

100%Sur

Min 100%SE1/4 SW1/4 1

40N- 271 102 $110.00 $4,400.00 N-4329640.00

0%Sur

Min 100%SW1/4 SW1/4 11

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 61 of 341

Page 69: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R01E

120272 107 $190.00 $22,800.00 4329740.00

100%Sur

Min 100%NE1/4 NE1/4 12

40.00

100%Sur

Min 100%NW1/4 NE1//4 12

40.00

100%Sur

Min 100%SW1/4 NE1/4 12

80273 107 $190.00 $15,200.00 4329840.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%SE1/4 NW1/4 12

40274 107 $190.00 $7,600.00 4329940.00

100%Sur

Min 100%NW1/4 SE1/4 12

40N- 275 107 $190.00 $7,600.00 N-4330040.00

100%Sur

Min 100%NE1/4 SE1/4 12

1N- 276 102 $50.00 $50.00 N-433010.94

0%Sur

Min 100%*Commencing 80 rods W of NE corner of Govt Lot 3thence South 50 feet, thence West to East Shore ofTittabawassee River thence North along said river toNorth line of saidLot 3 thence Ewest to POB exceptWest 200 feet

12

40277 107 $185.00 $7,400.00 4330240.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

13

40N- 278 107 $175.00 $7,000.00 N-4330340.00

100%Sur

Min 100%NE1/4 NW1/4 13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 62 of 341

Page 70: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R01E

120279 107 $175.00 $21,000.00 4330440.00

100%Sur

Min 100%NE1/4 SE1/4 13

40.00

100%Sur

Min 100%NW1/4 SE1/4 13

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

13

40N- 280 107 $180.00 $7,200.00 N-4330540.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

13

80281 107 $175.00 $14,000.00 4330640.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

13

35N- 282 107 $175.00 $6,125.00 N-4330734.04

0%Sur

Min 100%Lot 3 (SW NE) 14

40N- 283 107 $175.00 $7,000.00 N-4330840.00

0%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

14

Gladwin CountyT17N R01W

40284 108 $175.00 $7,000.00 4330940.00

0%Sur

Min 100%NW1/4 SE1/4 1

40285 108 $175.00 $7,000.00 4331040.00

0%Sur

Min 100%SW1/4 NE1/4 12

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 63 of 341

Page 71: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R02E

137N- 286 102 $50.00 $6,850.00 N-4331128.55

100%Sur

Min 100%NE1/4 NE1/4 3

28.43

100%Sur

Min 100%NW1/4 NE1/4 3

40.00

100%Sur

Min 100%SE1/4 NE1/4 3

40.00

100%Sur

Min 100%SW1/4 NE1/4 3

40287 102 $25.00 $1,000.00 4331240.00

100%Sur

Min 100%SE1/4 NW1/4 3

97N- 288 102 $15.00 $1,455.00 N-4331328.29

100%Sur

Min 100%NE1/4 NW1/4 3

28.17

100%Sur

Min 100%NW1/4 NW1/4 3

40.00

100%Sur

Min 100%SW1/4 NW1/4 3

80289 102 $13.00 $1,040.00 4331440.00

100%Sur

Min 100%NW1/4 SE1/4 3

40.00

100%Sur

Min 100%SE1/4 SE1/4 3

80N- 290 102 $13.00 $1,040.00 N-4331540.00

100%Sur

Min 100%NE1/4 SE1/4 3

40.00

100%Sur

Min 100%SW1/4 SE1/4 3

160291 102 $13.00 $2,080.00 4331640.00

100%Sur

Min 100%NE1/4 SW1/4 3

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 64 of 341

Page 72: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R02E

(Continued) 160291 102 $13.00 $2,080.00 4331640.00

100%Sur

Min 100%NW1/4 SW1/4 3

40.00

100%Sur

Min 100%SE1/4 SW1/4 3

40.00

100%Sur

Min 100%SW1/4 SW1/4 3

40292 102 $35.00 $1,400.00 4331740.00

100%Sur

Min 100%SW1/4 NE1/4 4

96N- 293 102 $15.00 $1,440.00 N-4331828.01

100%Sur

Min 100%NE1/4 NE1/4 4

27.60

100%Sur

Min 100%NW1/4 NE1/4 4

40.00

100%Sur

Min 100%SE1/4 NE1/4 4

80294 102 $60.00 $4,800.00 4331940.00

100%Sur

Min 100%SE1/4 NW1/4 4

40.00

100%Sur

Min 100%SW1/4 NW1/4 4

55N- 295 102 $15.00 $825.00 N-4332027.43

100%Sur

Min 100%NE1/4 NW1/4 4

27.47

100%Sur

Min 100%NW1/4 NW1/4 4

160296 102 $175.00 $28,000.00 4332140.00

100%Sur

Min 100%NE1/4 SE1/4 4

40.00

100%Sur

Min 100%NW1/4 SE1/4 4

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 65 of 341

Page 73: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R02E

(Continued) 160296 102 $175.00 $28,000.00 4332140.00

100%Sur

Min 100%SE1/4 SE1/4 4

40.00

100%Sur

Min 100%SW1/4 SE1/4 4

160297 102 $180.00 $28,800.00 4332240.00

100%Sur

Min 100%NE1/4 SW1/4 4

40.00

100%Sur

Min 100%NW1/4 SW1/4 4

40.00

100%Sur

Min 100%SE1/4 SW1/4 4

40.00

100%Sur

Min 100%SW1/4 SW1/4 4

80298 102 $180.00 $14,400.00 4332340.00

100%Sur

Min 100%SE1/4 NE1/4 5

40.00

100%Sur

Min 100%SW1/4 NE1/4 5

55N- 299 102 $180.00 $9,900.00 N-4332427.22

100%Sur

Min 100%NE1/4 NE1/4 5

27.17

100%Sur

Min 100%NW1/4 NE1/4 5

80300 102 $150.00 $12,000.00 4332540.00

100%Sur

Min 100%SE1/4 NW1/4 5

40.00

100%Sur

Min 100%SW1/4 NW1/4 5

54N- 301 102 $180.00 $9,720.00 N-4332626.69

100%Sur

Min 100%NE1/4 NW1/4 5

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 66 of 341

Page 74: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R02E

(Continued) 54N- 301 102 $180.00 $9,720.00 N-4332626.45

100%Sur

Min 100%NW1/4 NW1/4 5

160302 102 $180.00 $28,800.00 4332740.00

100%Sur

Min 100%NE1/4 SE1/4 5

40.00

100%Sur

Min 100%NW1/4 SE1/4 5

40.00

100%Sur

Min 100%SE1/4 SE1/4 5

40.00

100%Sur

Min 100%SW1/4 SE1/4 5

160303 102 $180.00 $28,800.00 4332840.00

100%Sur

Min 100%NE1/4 SW1/4 5

40.00

100%Sur

Min 100%NW1/4 SW1/4 5

40.00

100%Sur

Min 100%SE1/4 SW1/4 5

40.00

100%Sur

Min 100%SW1/4 SW1/4 5

93304 102 $180.00 $16,740.00 4332926.13

100%Sur

Min 100%NE1/4 NE1/4 6

26.14

100%Sur

Min 100%NW1/4 NE1/4 6

40.00

100%Sur

Min 100%SW1/4 NE1/4 6

40N- 305 102 $100.00 $4,000.00 N-4333040.00

100%Sur

Min 100%SE1/4 NE1/4 6

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 67 of 341

Page 75: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R02E

144306 102 $50.00 $7,200.00 4333126.18

100%Sur

Min 100%NE1/4 NW1/4 6

30.61

100%Sur

Min 100%NW1/4 NW1/4 6

40.00

100%Sur

Min 100%SE1/4 NW1/4 6

47.04

100%Sur

Min 100%SW1/4 NW1/4 6

160307 102 $175.00 $28,000.00 4333240.00

100%Sur

Min 100%NE1/4 SE1/4 6

40.00

100%Sur

Min 100%NW1/4 SE1/4 6

40.00

100%Sur

Min 100%SE1/4 SE1/4 6

40.00

100%Sur

Min 100%SW1/4 SE1/4 6

175308 102 $180.00 $31,500.00 4333340.00

100%Sur

Min 100%NE1/4 SW1/4 6

47.22

100%Sur

Min 100%15 NW1/4 SW1/4 6

40.00

100%Sur

Min 100%SE1/4 SW1/4 6

47.08

100%Sur

Min 100%SW1/4 SW1/4 6

80309 104 $200.00 $16,000.00 4333440.00

100%Sur

Min 100%NE1/4 NE1/4 7

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 7

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 68 of 341

Page 76: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R02E

80N- 310 104 $190.00 $15,200.00 N-4333540.00

100%Sur

Min 100%NW1/4 NE1/4 7

40.00

0%Sur

Min 100%SE1/4 NE1/4 7

160311 104 $190.00 $30,400.00 4333640.00

100%Sur

Min 100%15 NE1/4 SE1/4 7

40.00

100%Sur

Min 100%NW1/4 SE1/4 7

40.00

100%Sur

Min 100%15 SE1/4 SE1/4 7

40.00

100%Sur

Min 100%SW1/4 SE1/4 7

87312 104 $190.00 $16,530.00 4333740.00

100%Sur

Min 100%15 SE1/4 SW1/4 7

46.46

100%Sur

Min 100%15 SW1/4 SW1/4 7

160313 104 $200.00 $32,000.00 4333840.00

100%Sur

Min 100%NE1/4 NE1/4 8

40.00

100%Sur

Min 100%NW1/4 NE1/4 8

40.00

100%Sur

Min 100%SE1/4 NE1/4 8

40.00

100%Sur

Min 100%SW1/4 NE1/4 8

120314 102 $125.00 $15,000.00 4333940.00

100%Sur

Min 100%NE1/4 NW1/4 8

40.00

100%Sur

Min 100%SE1/4 NW1/4 8

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 69 of 341

Page 77: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R02E

(Continued) 120314 102 $125.00 $15,000.00 4333940.00

100%Sur

Min 100%SW1/4 NW1/4 8

40N- 315 102 $50.00 $2,000.00 N-4334040.00

100%Sur

Min 100%NW1/4 NW1/4 8

120316 107 $180.00 $21,600.00 4334140.00

100%Sur

Min 100%NE1/4 SE1/4 8

40.00

100%Sur

Min 100%NW1/4 SE1/4 8

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 8

40N- 317 102 $50.00 $2,000.00 N-4334240.00

100%Sur

Min 100%SE1/4 SE1/4 8

160318 102 $50.00 $8,000.00 4334340.00

100%Sur

Min 100%NE1/4 SW1/4 8

40.00

100%Sur

Min 100%NW1/4 SW1/4 8

40.00

100%Sur

Min 100%SE1/4 SW1/4 8

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 8

80319 102 $175.00 $14,000.00 4334440.00

100%Sur

Min 100%15 NE1/4 NE1/4 9

40.00

100%Sur

Min 100%SE1/4 NE1/4 9

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 70 of 341

Page 78: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R02E

80N- 320 102 $125.00 $10,000.00 N-4334540.00

100%Sur

Min 100%NW1/4 NE1/4 9

40.00

100%Sur

Min 100%SW1/4 NE1/4 9

40321 102 $175.00 $7,000.00 4334640.00

100%Sur

Min 100%15 SE1/4 NW1/4 9

40N- 322 102 $100.00 $4,000.00 N-4334740.00

100%Sur

Min 100%NE1/4 NW1/4 9

160323 102 $100.00 $16,000.00 4334840.00

100%Sur

Min 100%NE1/4 SE1/4 9

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 9

40.00

100%Sur

Min 100%SE1/4 SE1/4 9

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 9

160324 104 $190.00 $30,400.00 4334940.00

100%Sur

Min 100%15 NE1/4 SW1/4 9

40.00

100%Sur

Min 100%15 NW1/4 SW1/4 9

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 9

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 9

40325 102 $50.00 $2,000.00 4335040.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

10

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 71 of 341

Page 79: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R02E

40N- 326 102 $15.00 $600.00 N-4335140.00

100%Sur

Min 100%NW1/4 NW1/4 10

20N- 327 102 $13.00 $260.00 N-4335220.00

100%Sur

Min 100%W1/2 NW1/4 SW1/4 10

1N- 328 102 $13.00 $13.00 N-433530.22

0%Sur

Min 100%Par comm at p point 110 ft E of cor of Secs 14, 15, 22and 23, E 46 ft; N 13 rds; W 46 ft; S 13 rds to beg.

14

40329 102 $175.00 $7,000.00 4335440.00

0%Sur

Min 100%NW1/4 NE1/4 15

40N- 330 129 $190.00 $7,600.00 N-4335540.00

0%Sur

Min 100%SW1/4 NE1/4 15

40331 102 $150.00 $6,000.00 4335640.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

15

80332 129 $180.00 $14,400.00 4335740.00

100%Sur

Min 100%15 NW1/4 SE1/4 15

40.00

0%Sur

Min 100%SW1/4 SE1/4 15

1N- 333 129 $175.00 $175.00 N-433580.58

0%Sur

Min 100%Land comm at NE cor of SE1/4 of SE1/4, thence South1921/2 ft, West 132 ft, North 1921/2 ft, East 132 ft tobeginning.

15

40334 129 $180.00 $7,200.00 4335940.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

15

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 72 of 341

Page 80: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R02E

40N- 335 129 $185.00 $7,400.00 N-4336040.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

15

160N- 336 102 $50.00 $8,000.00 N-4336140.00

100%Sur

Min 100%NE1/4 NE1/4 16

40.00

100%Sur

Min 100%NW1/4 NE1/4 16

40.00

100%Sur

Min 100%SE1/4 NE1/4 16

40.00

100%Sur

Min 100%SW1/4 NE1/4 16

160N- 337 102 $175.00 $28,000.00 N-4336240.00

100%Sur

Min 100%NE1/4 SE1/4 16

40.00

100%Sur

Min 100%NW1/4 SE1/4 16

40.00

100%Sur

Min 100%SE1/4 SE1/4 16

40.00

100%Sur

Min 100%SW1/4 SE1/4 16

40338 104 $190.00 $7,600.00 4336340.00

100%Sur

Min 100%NW1/4 NE1/4 18

120N- 339 104 $190.00 $22,800.00 N-4336440.00

100%Sur

Min 100%NE1/4 NE1/4 18

40.00

100%Sur

Min 100%SE1/4 NE1/4 18

40.00

100%Sur

Min 100%SW1/4 NE1/4 18

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 73 of 341

Page 81: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT17N R02E

20340 107 $190.00 $3,800.00 4336520.00

0%Sur

Min 100%W1/2 NW1/4 NE1/4 22

60341 107 $185.00 $11,100.00 4336620.00

100%Sur

Min 100%E1/2 NE1/4 NW1/4 22

40.00

100%Sur

Min 100%NW1/4 NW1/4 22

40N- 342 107 $185.00 $7,400.00 N-4336740.00

100%Sur

Min 100%SW1/4 NW1/4 22

80343 107 $185.00 $14,800.00 4336840.00

0%Sur

Min 100%SE1/4 SE1/4 22

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 22

40N- 344 107 $180.00 $7,200.00 N-4336940.00

100%Sur

Min 100%NW1/4 SE1/4 22

40N- 345 102 $150.00 $6,000.00 N-4337040.00

0%Sur

Min 100%NW1/4 SW1/4 22

134N- 346 102 $50.00 $6,700.00 N-4337140.00

100%Sur

Min 100%NE1/4 SW1/4 30

46.68

100%Sur

Min 100%NW1/4 SW1/4 30

46.73

100%Sur

Min 100%SW1/4 SW1/4 30

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 74 of 341

Page 82: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01E

46347 102 $15.00 $690.00 4337245.11

100%Sur

Min 100%15 W1/2 NE1/4 2

46N- 348 102 $13.00 $598.00 N-4337345.58

100%Sur

Min 100%E1/2 NE1/4 2

45349 102 $13.00 $585.00 4337444.64

100%Sur

Min 100%E1/2 NW1/4 2

45N- 350 102 $13.00 $585.00 N-4337544.17

100%Sur

Min 100%W1/2 NW1/4 2

120351 102 $13.00 $1,560.00 4337640.00

100%Sur

Min 100%NW1/4 SE1/4 2

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

2

40.00

100%Sur

Min 100%SW1/4 SE1/4 2

40N- 352 102 $13.00 $520.00 N-4337740.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

2

40353 102 $13.00 $520.00 4337840.00

100%Sur

Min 100%SE1/4 SW1/4 2

88354 102 $13.00 $1,144.00 433797.89

100%Sur

Min 100%15 N1/2 Frac'l NE1/4 3

80.00

100%Sur

Min 100%15 S1/2 Frac'l NE1/4 3

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 75 of 341

Page 83: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01E

88355 102 $13.00 $1,144.00 4338043.93

100%Sur

Min 100%15 E frl 1/2 NW1/4 3

3.92

100%Sur

Min 100%15 NW1/4 NW1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%15 SW1/4 NW1/4Subject to existing easements.

3

80356 102 $13.00 $1,040.00 4338140.00

100%Sur

Min 100%NW1/4 SE1/4 3

40.00

100%Sur

Min 100%SW1/4 SE1/4 3

40N- 357 102 $13.00 $520.00 N-4338240.00

100%Sur

Min 100%NE1/4 SE1/4 3

120358 102 $13.00 $1,560.00 4338340.00

100%Sur

Min 100%NE1/4 SW1/4 3

40.00

100%Sur

Min 100%SE1/4 SW1/4 3

40.00

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

3

40N- 359 102 $13.00 $520.00 N-4338440.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

3

80360 102 $13.00 $1,040.00 4338540.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

9

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 76 of 341

Page 84: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01E

(Continued) 80360 102 $13.00 $1,040.00 4338540.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

9

40N- 361 102 $13.00 $520.00 N-4338640.00

0%Sur

Min 100%NE1/4 SE1/4 9

120362 102 $13.00 $1,560.00 4338740.00

100%Sur

Min 100%15 NE1/4 NW1/4 10

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

10

160363 102 $13.00 $2,080.00 4338840.00

100%Sur

Min 100%15 NE1/4 NE1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

11

120364 102 $13.00 $1,560.00 4338940.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%NW1/4 NW1/4 11

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 77 of 341

Page 85: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01E

(Continued) 120364 102 $13.00 $1,560.00 4338940.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

11

160365 102 $13.00 $2,080.00 4339040.00

100%Sur

Min 100%15 NE1/4 NE1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 13

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 13

80366 102 $13.00 $1,040.00 4339140.00

100%Sur

Min 100%15 NE1/4 NW1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%15 SE1/4 NW1/4Subject to existing easements.

13

80N- 367 102 $13.00 $1,040.00 N-4339240.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

13

160368 102 $13.00 $2,080.00 4339340.00

100%Sur

Min 100%NE1/4 SE1/4 13

40.00

100%Sur

Min 100%NW1/4 SE1/4 13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 78 of 341

Page 86: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01E

(Continued) 160368 102 $13.00 $2,080.00 4339340.00

100%Sur

Min 100%SE1/4 SE1/4 13

40.00

100%Sur

Min 100%SW1/4 SE1/4 13

80369 102 $13.00 $1,040.00 4339440.00

100%Sur

Min 100%SE1/4 SW1/4 13

40.00

100%Sur

Min 100%SW1/4 SW1/4 13

80N- 370 102 $13.00 $1,040.00 N-4339540.00

100%Sur

Min 100%NE1/4 SW1/4 13

40.00

100%Sur

Min 100%NW1/4 SW1/4 13

80N- 371 102 $13.00 $1,040.00 N-4339640.00

0%Sur

Min 100%NW1/4 NE1/4 21

40.00

0%Sur

Min 100%SW1/4 NE1/4 21

40372 102 $13.00 $520.00 4339740.00

0%Sur

Min 100%NE1/4 SE1/4 21

80373 102 $13.00 $1,040.00 4339840.00

0%Sur

Min 100%NE1/4 NE1/4 22

40.00

0%Sur

Min 100%SE1/4 NE1/4 22

80374 102 $13.00 $1,040.00 4339940.00

0%Sur

Min 100%NE1/4 SE1/4 22

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 79 of 341

Page 87: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01E

(Continued) 80374 102 $13.00 $1,040.00 4339940.00

0%Sur

Min 100%NW1/4 SE1/4 22

40N- 375 102 $13.00 $520.00 N-4340040.00

0%Sur

Min 100%NE1/4 NE1/4 23

40376 102 $13.00 $520.00 4340140.00

0%Sur

Min 100%SW1/4 SE1/4 23

160377 102 $13.00 $2,080.00 4340240.00

100%Sur

Min 100%15 NE1/4 NE1/4 24

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 24

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 24

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 24

160378 102 $13.00 $2,080.00 4340320.00

100%Sur

Min 100%E1/2 SW1/4 NW1/4 24

40.00

100%Sur

Min 100%15 NE1/4 NW1/4 24

40.00

100%Sur

Min 100%15 NW1/4 NW1/4 24

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 24

20.00

0%Sur

Min 100%W1/2 SW1/4 NW1/4 24

80379 102 $13.00 $1,040.00 4340440.00

100%Sur

Min 100%15 NW1/4 SE1/4 24

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 80 of 341

Page 88: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01E

(Continued) 80379 102 $13.00 $1,040.00 4340440.00

100%Sur

Min 100%15 SE1/4 SE1/4Subject to existing easements.

24

160380 102 $13.00 $2,080.00 434050.94

0%Sur

Min 100%15 Commencing on N-S 1/4 line at SW corner of Lot 1, Platof Whitney Beach Subdivision Number 3, th N on 1/4line to Molasses River SW'ly along River to point 186feet W of N-S 1/4 line, S parallel to 1/4 line to N line ERiver Drive, NE'ly along said NE'ly right of way line topoint of beginningSubject to existing easements.

24

20.00

100%Sur

Min 100%E1/2 NW1/4 SW1/4 24

10.00

0%Sur

Min 100%N1/2 W1/2 SW1/4 SW1/4 24

40.00

100%Sur

Min 100%15 NE1/4 SW1/4 24

39.06

100%Sur

Min 100%15 SE1/4 SW1/4 except commencing on N-S 1/4 line at SWcorner of Lot 1, Plat of Whitney Beach SubdivisionNumber 3, th N on 1/4 line to Molasses River, SW'lyalong River to point 186 feet W of N-S 1/4 line, Sparallel to 1/4 line to N line of East River Drive, NE'lyalong said N'ly right of way line to point of beginningSubject to existing easements.

24

30.00

100%Sur

Min 100%SW1/4 SW1/4 except N1/2 W1/2 SW1/4 SW1/4Subject to existing easements.

24

20.00

0%Sur

Min 100%W1/2 NW1/4 SW1/4 24

80381 102 $13.00 $1,040.00 4340640.00

100%Sur

Min 100%15 NW1/4 NE1/4 25

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 81 of 341

Page 89: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01E

(Continued) 80381 102 $13.00 $1,040.00 4340640.00

100%Sur

Min 100%15 SW1/4 NE1/4 25

40382 102 $13.00 $520.00 4340740.00

0%Sur

Min 100%NW1/4 SE1/4 26

80383 108 $180.00 $14,400.00 4340840.00

0%Sur

Min 100%NE1/4 NW1/4 33

40.00

0%Sur

Min 100%SE1/4 NW1/4 33

70384 108 $185.00 $12,950.00 4340940.00

0%Sur

Min 100%NE1/4 SW1/4 33

29.56

0%Sur

Min 100%NW1/4 SW1/4 33

40N- 385 102 $15.00 $600.00 N-4341040.00

100%Sur

Min 100%SE1/4 NE1/4 36

40386 102 $45.00 $1,800.00 4341140.00

100%Sur

Min 100%15 NW1/4 SE1/4 36

80N- 387 102 $15.00 $1,200.00 N-4341240.00

100%Sur

Min 100%NE1/4 SE1/4 36

40.00

100%Sur

Min 100%SE1/4 SE1/4 36

Gladwin CountyT18N R01W

44N- 388 102 $13.00 $572.00 N-434135.00

0%Sur

Min 100%E 165 feet of S1/2 E1/2 W1/2 W1/2 NW1/4 1

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 82 of 341

Page 90: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01W

(Continued) 44N- 388 102 $13.00 $572.00 N-4341319.19

0%Sur

Min 100%E1/2 W1/2 W1/2 NW1/4 1

19.19

0%Sur

Min 100%W1/2 E1/2 W1/2 NW1/4 1

40N- 389 102 $60.00 $2,400.00 N-434140.46

0%Sur

Min 100%*All that part of a parcel com 900 ft E of NW cor ofW3/4 SW1/4, th E 100 ft, th S 225 ft, th W 100 ft, th N225 ft to pob, that lies within the W 3/4 of the NW1/4 ofthe SW1/4

1

0.05

0%Sur

Min 100%All that part of a Parcel com 900 ft E of NW cor of W3/4SW1/4, th E 100 ft, th S 225 ft, th W 100 ft, th N 225 ftto pob, that lies within the E1/4 of the NW1/4 of theSW1/4

1

9.95

0%Sur

Min 100%E1/4 of NW1/4 of SW1/4, EXCEPT that part lyingwithin a parcel described as: com 900 ft E of NW cor ofW3/4 SW1/4, th E 100 ft, th S 225 ft, th W 100 ft, th N225 ft to pob

1

29.54

0%Sur

Min 100%W3/4 of the NW1/4 of the SW1/4, EXCEPT all that partlying within a parcel described as: com 900 ft E of NWcor of W3/4 SW1/4, th E 100 ft, th S 225 ft, th W 100 ft,th N 225 ft to pob

1

80390 $0.00 No Bid40.00

0%Sur

Min 100%SE1/4 NE1/4 13

40.00

0%Sur

Min 100%SW1/4 NE1/4 13

120391 102 $15.00 $1,800.00 4341540.00

0%Sur

Min 100%NE1/4 SE1/4 14

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 83 of 341

Page 91: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01W

(Continued) 120391 102 $15.00 $1,800.00 4341540.00

0%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

14

40.00

0%Sur

Min 100%SW1/4 SE1/4 14

40N- 392 102 $55.00 $2,200.00 N-4341640.00

0%Sur

Min 100%SE1/4 SE1/4 14

80393 102 $13.00 $1,040.00 4341740.00

0%Sur

Min 100%SE1/4 SW1/4 14

40.00

0%Sur

Min 100%SW1/4 SW1/4 14

40N- 394 102 $13.00 $520.00 N-4341840.00

0%Sur

Min 100%NE1/4 SW1/4 14

80395 102 $13.00 $1,040.00 4341940.00

0%Sur

Min 100%SE1/4 NW1/4 15

40.00

0%Sur

Min 100%SW1/4 NW1/4 15

80396 102 $13.00 $1,040.00 4342040.00

0%Sur

Min 100%SE1/4 SW1/4 15

40.00

0%Sur

Min 100%SW1/4 SW1/4 15

40397 102 $60.00 $2,400.00 4342140.00

0%Sur

Min 100%NE1/4 NE1/4 16

80398 102 $13.00 $1,040.00 4342240.00

0%Sur

Min 100%SE1/4 NW1/4 16

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 84 of 341

Page 92: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01W

(Continued) 80398 102 $13.00 $1,040.00 4342240.00

0%Sur

Min 100%SW1/4 NW1/4 16

80399 102 $13.00 $1,040.00 4342337.50

0%Sur

Min 100%15 SE1/4 SE1/4 except 2 1/2 acres in SE corner to be usedfor Town Hall site

16

2.50

0%Sur

Min 100%15 SE1/4 SE1/4 SE1/4 SE1/4 16

40.00

0%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

16

160400 102 $13.00 $2,080.00 4342440.00

0%Sur

Min 100%NE1/4 SW1/4 16

40.00

0%Sur

Min 100%NW1/4 SW1/4 16

40.00

0%Sur

Min 100%SE1/4 SW1/4 16

40.00

0%Sur

Min 100%SW1/4 SW1/4 16

40401 102 $13.00 $520.00 4342540.00

0%Sur

Min 100%NE1/4 SE1/4 18

5N- 402 119 $180.00 $900.00 N-434262.07

0%Sur

Min 100%*N 70 ft of S 140 ft of W 290 ft & S 70 ft of W 1000 ftof N 1/2 of N 1/2 of S 1/2 of W 1/2 of SE 1/4 subj to roweasement over NLY 50 ft of WLY 290 ft

18

2.00

0%Sur

Min 100%A parcel of land comm at the NE cor of E1/2 SE1/4SE1/4, Sec.18 for the pt of beg, running th W 208.71 ft,th S 417.42 ft, th E 208.71 ft, th N 417.42 ft to the pt ofbeg.

18

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 85 of 341

Page 93: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01W

80N- 403 102 $13.00 $1,040.00 N-4342740.00

0%Sur

Min 100%NW1/4 NE1/4 19

40.00

0%Sur

Min 100%SW1/4 NE1/4 19

20N- 404 102 $55.00 $1,100.00 N-4342820.00

0%Sur

Min 100%N1/2 SW1/4 SE1/4 19

40405 102 $13.00 $520.00 4342940.00

0%Sur

Min 100%SW1/4 NE1/4 21

160406 102 $13.00 $2,080.00 4343040.00

0%Sur

Min 100%NE1/4 NW1/4 21

40.00

0%Sur

Min 100%NW1/4 NW1/4 21

40.00

0%Sur

Min 100%SE1/4 NW1/4 21

40.00

0%Sur

Min 100%SW1/4 NW1/4 21

160407 102 $13.00 $2,080.00 4343140.00

0%Sur

Min 100%NE1/4 SE1/4 21

40.00

0%Sur

Min 100%NW1/4 SE1/4 21

40.00

0%Sur

Min 100%SE1/4 SE1/4 21

40.00

0%Sur

Min 100%SW1/4 SE1/4 21

160408 102 $13.00 $2,080.00 4343240.00

0%Sur

Min 100%NE1/4 SW1/4 21

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 86 of 341

Page 94: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01W

(Continued) 160408 102 $13.00 $2,080.00 4343240.00

0%Sur

Min 100%NW1/4 SW1/4 21

40.00

0%Sur

Min 100%SE1/4 SW1/4 21

40.00

0%Sur

Min 100%SW1/4 SW1/4 21

80409 102 $13.00 $1,040.00 4343340.00

0%Sur

Min 100%NE1/4 NE1/4 22

40.00

0%Sur

Min 100%SE1/4 NE1/4 22

40410 102 $13.00 $520.00 4343440.00

0%Sur

Min 100%NW1/4 NW1/4 22

5N- 411 119 $180.00 $900.00 N-434355.00

0%Sur

Min 100%S1/2 N1/2 N1/2 SW1/4 NW1/4 22

120412 102 $13.00 $1,560.00 4343640.00

0%Sur

Min 100%NE1/4 SE1/4 22

40.00

0%Sur

Min 100%NW1/4 SE1/4 22

40.00

0%Sur

Min 100%SW1/4 SE1/4 22

120413 108 $185.00 $22,200.00 4343740.00

0%Sur

Min 100%NE1/4 SW1/4 27

40.00

0%Sur

Min 100%NW1/4 SW1/4 27

40.00

0%Sur

Min 100%SE1/4 SW1/4 27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 87 of 341

Page 95: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01W

40N- 414 108 $185.00 $7,400.00 N-4343840.00

0%Sur

Min 100%SW1/4 SW1/4 27

160415 102 $13.00 $2,080.00 4343940.00

0%Sur

Min 100%NE1/4 NE1/4 28

40.00

0%Sur

Min 100%NW1/4 NE1/4 28

40.00

0%Sur

Min 100%SE1/4 NE1/4 28

40.00

0%Sur

Min 100%SW1/4 NE1/4 28

120416 102 $13.00 $1,560.00 4344040.00

0%Sur

Min 100%NE1/4 NW1/4 28

40.00

0%Sur

Min 100%NW1/4 NW1/4 28

40.00

0%Sur

Min 100%SE1/4 NW1/4 28

40N- 417 102 $13.00 $520.00 N-4344140.00

0%Sur

Min 100%SW1/4 NW1/4 28

40418 102 $13.00 $520.00 4344240.00

0%Sur

Min 100%NE1/4 SE1/4 28

80N- 419 102 $13.00 $1,040.00 N-4344340.00

0%Sur

Min 100%SE1/4 SE1/4 28

40.00

0%Sur

Min 100%SW1/4 SE1/4 28

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 88 of 341

Page 96: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01W

80420 102 $13.00 $1,040.00 4344414.38

0%Sur

Min 100%N 720 ft of W 870 ft of NW1/4 SW1/4 28

25.62

0%Sur

Min 100%NW1/4 SW1/4 except the N 720 ft of W 870 ft thereof 28

40.00

0%Sur

Min 100%SW1/4 SW1/4 28

120421 102 $13.00 $1,560.00 4344540.00

0%Sur

Min 100%NE1/4 NE1/4 29

40.00

0%Sur

Min 100%SE1/4 of NE1/4 29

40.00

0%Sur

Min 100%SW1/4 of NE1/4 29

40422 102 $13.00 $520.00 4344640.00

0%Sur

Min 100%SW1/4 NW1/4 29

80423 102 $13.00 $1,040.00 4344740.00

100%Sur

Min 100%15 NW1/4 NE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%15 SW1/4 NE1/4Subject to existing easements.

30

80N- 424 102 $13.00 $1,040.00 N-4344840.00

0%Sur

Min 100%NE1/4 NE1/4 30

40.00

0%Sur

Min 100%SE1/4 NE1/4 30

32425 102 $13.00 $416.00 4344931.57

0%Sur

Min 100%NW1/4 NW1/4 30

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 89 of 341

Page 97: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R01W

36N- 426 102 $13.00 $468.00 N-4345035.57

0%Sur

Min 100%SW1/4 SW1/4 30

60427 102 $13.00 $780.00 4345120.00

0%Sur

Min 100%N1/2 NE1/4 NE1/4 32

40.00

0%Sur

Min 100%SE1/4 NE1/4 32

40428 102 $13.00 $520.00 4345240.00

0%Sur

Min 100%SE1/4 SE1/4 32

80429 108 $180.00 $14,400.00 4345340.00

0%Sur

Min 100%NW1/4 NW1/4 33

40.00

0%Sur

Min 100%SW1/4 NW1/4 33

40430 108 $180.00 $7,200.00 4345440.00

0%Sur

Min 100%NE1/4 SE1/4 33

40431 108 $180.00 $7,200.00 4345540.00

0%Sur

Min 100%NW1/4 SW1/4 33

40432 108 $180.00 $7,200.00 4345640.00

0%Sur

Min 100%NW1/4 SW1/4 34

40433 108 $180.00 $7,200.00 4345740.00

0%Sur

Min 100%SE1/4 SW1/4 35

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 90 of 341

Page 98: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

99434 102 $13.00 $1,287.00 4345858.85

100%Sur

Min 100%E1/2 NE1/4 1

40.00

100%Sur

Min 100%SW1/4 NE1/4 1

58435 102 $13.00 $754.00 4345957.53

100%Sur

Min 100%15 W1/2 NW1/4 1

58N- 436 102 $13.00 $754.00 N-4346057.97

100%Sur

Min 100%E1/2 NW1/4 1

120437 102 $13.00 $1,560.00 4346140.00

100%Sur

Min 100%15 NE1/4 SE1/4Subject to existing easements.

1

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

1

40.00

100%Sur

Min 100%15 SE1/4 SE1/4Subject to existing easements.

1

40N- 438 102 $13.00 $520.00 N-4346240.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

1

120439 102 $13.00 $1,560.00 4346340.00

100%Sur

Min 100%15 NE1/4 SW1/4 1

40.00

100%Sur

Min 100%NW1/4 SW1/4 1

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

1

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 91 of 341

Page 99: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

40N- 440 102 $13.00 $520.00 N-4346440.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

1

58441 102 $13.00 $754.00 4346557.16

100%Sur

Min 100%15 E1/2 NE1/4 2

57N- 442 102 $13.00 $741.00 N-4346656.47

100%Sur

Min 100%W1/2 NE1/4 2

56443 102 $13.00 $728.00 4346755.09

100%Sur

Min 100%W1/2 NW1/4 2

56N- 444 102 $13.00 $728.00 N-4346855.78

100%Sur

Min 100%E1/2 NW1/4 2

40445 102 $75.00 $3,000.00 4346940.00

100%Sur

Min 100%SE1/4 SE1/4 2

40N- 446 102 $13.00 $520.00 N-4347040.00

100%Sur

Min 100%NE1/4 SE1/4 2

80447 102 $13.00 $1,040.00 4347140.00

100%Sur

Min 100%NW1/4 SW1/4 2

40.00

100%Sur

Min 100%SW1/4 SW1/4 2

40N- 448 102 $13.00 $520.00 N-4347240.00

100%Sur

Min 100%NE1/4 SW1/4 2

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 92 of 341

Page 100: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

102449 102 $13.00 $1,326.00 4347350.98

100%Sur

Min 100%E1/2 NE1/4 6

50.95

100%Sur

Min 100%W1/2 NE1/4 6

114N- 450 102 $13.00 $1,482.00 N-4347450.92

100%Sur

Min 100%E1/2 NW1/4 6

62.98

100%Sur

Min 100%W1/2 NW1/4 6

120451 102 $13.00 $1,560.00 4347540.00

100%Sur

Min 100%NE1/4 SE1/4 6

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 6

40.00

100%Sur

Min 100%SW1/4 SE1/4 6

40N- 452 102 $13.00 $520.00 N-4347640.00

100%Sur

Min 100%SE1/4 SE1/4 6

40453 102 $13.00 $520.00 4347740.00

100%Sur

Min 100%NE1/4 SW1/4 6

139N- 454 102 $13.00 $1,807.00 N-4347849.35

100%Sur

Min 100%NW1/4 SW1/4 6

40.00

100%Sur

Min 100%SE1/4 SW1/4 6

49.26

100%Sur

Min 100%SW1/4 SW1/4 6

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 93 of 341

Page 101: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

80455 102 $13.00 $1,040.00 4347940.00

100%Sur

Min 100%15 NW1/4 NW1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%15 SW1/4 NW1/4Subject to existing easements.

11

40456 102 $13.00 $520.00 4348040.00

100%Sur

Min 100%15 NE1/4 SE1/4 11

120N- 457 102 $13.00 $1,560.00 N-4348140.00

100%Sur

Min 100%NW1/4 SE1/4 11

40.00

100%Sur

Min 100%SE1/4 SE1/4 11

40.00

100%Sur

Min 100%SW1/4 SE1/4 11

80458 102 $13.00 $1,040.00 4348240.00

100%Sur

Min 100%NW1/4 SW1/4 11

40.00

100%Sur

Min 100%SW1/4 SW1/4 11

80N- 459 102 $13.00 $1,040.00 N-4348340.00

100%Sur

Min 100%NE1/4 SW1/4 11

40.00

100%Sur

Min 100%SE1/4 SW1/4 11

80N- 460 102 $13.00 $1,040.00 N-4348440.00

100%Sur

Min 100%NW1/4 SE1/4 12

40.00

100%Sur

Min 100%SW1/4 SE1/4 12

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 94 of 341

Page 102: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

120N- 461 102 $25.00 $3,000.00 N-4348520.00

100%Sur

Min 100%E1/2 SE1/4 SW1/4 12

40.00

100%Sur

Min 100%NE1/4 SW1/4 12

40.00

100%Sur

Min 100%SW1/4 SW1/4 12

20.00

100%Sur

Min 100%W1/2 SE1/4 SW1/4 12

160462 102 $13.00 $2,080.00 4348640.00

0%Sur

Min 100%NE1/4 NE1/4 13

40.00

0%Sur

Min 100%NW1/4 NE1/4 13

40.00

0%Sur

Min 100%SE1/4 NE1/4 13

40.00

0%Sur

Min 100%SW1/4 NE1/4 13

160N- 463 102 $125.00 $20,000.00 N-4348740.00

100%Sur

Min 100%NE1/4 NW1/4 13

40.00

100%Sur

Min 100%NW1/4 NW1/4 13

40.00

100%Sur

Min 100%SE1/4 NW1/4 13

40.00

100%Sur

Min 100%SW1/4 NW1/4 13

80464 102 $13.00 $1,040.00 4348840.00

100%Sur

Min 100%NW1/4 SE1/4 13

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 95 of 341

Page 103: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

160N- 465 102 $13.00 $2,080.00 N-4348940.00

100%Sur

Min 100%NE1/4 SW1/4 13

40.00

100%Sur

Min 100%NW1/4 SW1/4 13

40.00

100%Sur

Min 100%SE1/4 SW1/4 13

40.00

100%Sur

Min 100%SW1/4 SW1/4 13

80466 102 $13.00 $1,040.00 4349040.00

100%Sur

Min 100%15 NW1/4 NE1/4 14

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 14

80N- 467 102 $13.00 $1,040.00 N-4349140.00

100%Sur

Min 100%NE1/4 NE1/4 14

40.00

100%Sur

Min 100%SE1/4 NE1/4 14

120468 102 $13.00 $1,560.00 4349240.00

100%Sur

Min 100%NE1/4 NW1/4 14

40.00

100%Sur

Min 100%NW1/4 NW1/4 14

40.00

100%Sur

Min 100%SE1/4 NW1/4 14

160N- 469 102 $13.00 $2,080.00 N-4349340.00

100%Sur

Min 100%NE1/4 SE1/4 14

40.00

100%Sur

Min 100%NW1/4 SE1/4 14

40.00

100%Sur

Min 100%SE1/4 SE1/4 14

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 96 of 341

Page 104: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

(Continued) 160N- 469 102 $13.00 $2,080.00 N-4349340.00

100%Sur

Min 100%SW1/4 SE1/4 14

120470 102 $13.00 $1,560.00 4349440.00

100%Sur

Min 100%NE1/4 SW1/4 14

40.00

100%Sur

Min 100%NW1/4 SW1/4 14

40.00

100%Sur

Min 100%SW1/4 SW1/4 14

40471 102 $13.00 $520.00 4349540.00

100%Sur

Min 100%15 SW1/4 NE1/4 18

50472 102 $13.00 $650.00 4349649.28

100%Sur

Min 100%NW1/4 NW1/4 18

90N- 473 102 $13.00 $1,170.00 N-4349740.00

100%Sur

Min 100%SE1/4 NW1/4 18

49.20

100%Sur

Min 100%SW1/4 NW1/4 18

80N- 474 102 $13.00 $1,040.00 N-4349840.00

100%Sur

Min 100%NW1/4 SE1/4 18

40.00

100%Sur

Min 100%SW1/4 SE1/4 18

79475 102 $13.00 $1,027.00 4349939.00

100%Sur

Min 100%All that part of the SW 1/4 described as beginning at theSW corner of sd. sec.; th. along the W line of sec 18 dueN 1304.41 ft.; N89d37'30"E, 1636.88 ft; S00d00'16"E1304.5 ft; S89d37'30"W along S sec ln 1636.98 ft to thePOB.

18

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 97 of 341

Page 105: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

(Continued) 79475 102 $13.00 $1,027.00 4349940.00

100%Sur

Min 100%15 NE1/4 SW1/4 18

90N- 476 102 $13.00 $1,170.00 N-4350049.12

100%Sur

Min 100%NW1/4 SW1/4 18

40.00

100%Sur

Min 100%SE1/4 SW1/4 18

89477 102 $13.00 $1,157.00 4350140.00

100%Sur

Min 100%15 NE1/4 NW1/4 19

48.94

100%Sur

Min 100%NW1/4 NW1/4 19

89N- 478 102 $13.00 $1,157.00 N-4350240.00

100%Sur

Min 100%SE1/4 NW1/4 19

48.88

100%Sur

Min 100%SW1/4 NW1/4 19

160479 102 $13.00 $2,080.00 4350340.00

100%Sur

Min 100%15 NE1/4 SE1/4 19

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 19

40.00

100%Sur

Min 100%SE1/4 SE1/4 19

40.00

100%Sur

Min 100%SW1/4 SE1/4 19

129480 102 $13.00 $1,677.00 4350440.00

100%Sur

Min 100%NE1/4 SW1/4 19

40.00

100%Sur

Min 100%SE1/4 SW1/4 19

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 98 of 341

Page 106: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

(Continued) 129480 102 $13.00 $1,677.00 4350448.76

100%Sur

Min 100%SW1/4 SW1/4 19

80481 102 $13.00 $1,040.00 4350540.00

100%Sur

Min 100%NW1/4 NE1/4 23

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 23

80N- 482 102 $13.00 $1,040.00 N-4350640.00

100%Sur

Min 100%NE1/4 NE1/4 23

40.00

100%Sur

Min 100%SE1/4 NE1/4 23

160483 102 $13.00 $2,080.00 4350740.00

100%Sur

Min 100%NE1/4 NW1/4 23

40.00

100%Sur

Min 100%NW1/4 NW1/4 23

40.00

100%Sur

Min 100%SE1/4 NW1/4 23

40.00

100%Sur

Min 100%SW1/4 NW1/4 23

80484 102 $13.00 $1,040.00 4350840.00

0%Sur

Min 100%15 NW1/4 SE1/4 23

40.00

100%Sur

Min 100%SW1/4 SE1/4 23

160485 102 $13.00 $2,080.00 4350940.00

100%Sur

Min 100%NE1/4 SW1/4 23

40.00

100%Sur

Min 100%NW1/4 SW1/4 23

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 99 of 341

Page 107: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

(Continued) 160485 102 $13.00 $2,080.00 4350940.00

100%Sur

Min 100%SE1/4 SW1/4 23

40.00

100%Sur

Min 100%SW1/4 SW1/4 23

40486 102 $13.00 $520.00 4351040.00

0%Sur

Min 100%SE1/4 NE1/4 24

80N- 487 102 $13.00 $1,040.00 N-4351140.00

100%Sur

Min 100%NW1/4 NW1/4 24

40.00

100%Sur

Min 100%SW1/4 NW1/4 24

40488 102 $13.00 $520.00 4351240.00

0%Sur

Min 100%SW1/4 SW1/4 24

40N- 489 102 $13.00 $520.00 N-4351340.00

0%Sur

Min 100%NW1/4 SW1/4 24

80N- 490 102 $13.00 $1,040.00 N-4351440.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%SW1/4 NE1/4 25

80491 102 $13.00 $1,040.00 4351540.00

100%Sur

Min 100%15 NW1/4 NW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 25

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 100 of 341

Page 108: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

40N- 492 102 $13.00 $520.00 N-4351640.00

100%Sur

Min 100%SE1/4 NW1/4 25

80493 102 $13.00 $1,040.00 4351740.00

100%Sur

Min 100%NW1/4 SW1/4 25

40.00

100%Sur

Min 100%SW1/4 SW1/4 25

120494 102 $13.00 $1,560.00 4351840.00

0%Sur

Min 100%NW1/4 NE1/4 26

40.00

0%Sur

Min 100%SE1/4 NE1/4 26

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 26

160495 102 $13.00 $2,080.00 4351940.00

100%Sur

Min 100%NE1/4 NW1/4 26

40.00

100%Sur

Min 100%NW1/4 NW1/4 26

40.00

100%Sur

Min 100%SE1/4 NW1/4 26

40.00

100%Sur

Min 100%SW1/4 NW1/4 26

120496 102 $13.00 $1,560.00 4352040.00

100%Sur

Min 100%NE1/4 SE1/4 26

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 26

40.00

100%Sur

Min 100%SE1/4 SE1/4 26

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 101 of 341

Page 109: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

40N- 497 102 $13.00 $520.00 N-4352140.00

100%Sur

Min 100%SW1/4 SE1/4 26

40498 102 $13.00 $520.00 4352240.00

100%Sur

Min 100%NW1/4 SW1/4 26

120N- 499 102 $13.00 $1,560.00 N-4352340.00

100%Sur

Min 100%NE1/4 SW1/4 26

40.00

100%Sur

Min 100%SE1/4 SW1/4 26

40.00

100%Sur

Min 100%SW1/4 SW1/4 26

80500 102 $13.00 $1,040.00 4352440.00

100%Sur

Min 100%NE1/4 NW1/4 29

40.00

100%Sur

Min 100%NW1/4 NW1/4 29

80N- 501 102 $13.00 $1,040.00 N-4352540.00

100%Sur

Min 100%SE1/4 NW1/4 29

40.00

100%Sur

Min 100%SW1/4 NW1/4 29

120502 102 $13.00 $1,560.00 4352640.00

100%Sur

Min 100%15 NE1/4 SW1/4 29

40.00

100%Sur

Min 100%SE1/4 SW1/4 29

40.00

100%Sur

Min 100%SW1/4 SW1/4 29

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 102 of 341

Page 110: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

40N- 503 102 $13.00 $520.00 N-4352740.00

100%Sur

Min 100%NW1/4 SW1/4 29

80504 102 $13.00 $1,040.00 4352840.00

100%Sur

Min 100%NE1/4 NE1/4 30

40.00

100%Sur

Min 100%NW1/4 NE1/4 30

80N- 505 102 $13.00 $1,040.00 N-4352940.00

100%Sur

Min 100%SE1/4 NE1/4 30

40.00

100%Sur

Min 100%SW1/4 NE1/4 30

178506 102 $13.00 $2,314.00 4353040.00

0%Sur

Min 100%NE1/4 NW1/4 30

48.68

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%SE1/4 NW1/4 30

48.57

100%Sur

Min 100%SW1/4 NW1/4 30

80507 102 $13.00 $1,040.00 4353140.00

100%Sur

Min 100%15 SE1/4 SE1/4 30

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 30

80N- 508 102 $13.00 $1,040.00 N-4353240.00

100%Sur

Min 100%NE1/4 SE1/4 30

40.00

100%Sur

Min 100%NW1/4 SE1/4 30

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 103 of 341

Page 111: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

129509 102 $13.00 $1,677.00 4353340.00

100%Sur

Min 100%15 NE1/4 SW1/4 30

48.46

100%Sur

Min 100%15 NW1/4 SW1/4 30

40.00

100%Sur

Min 100%SE1/4 SW1/4 30

80510 102 $30.00 $2,400.00 4353440.00

100%Sur

Min 100%15 NE1/4 NE1/4 31

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 31

80N- 511 102 $15.00 $1,200.00 N-4353540.00

100%Sur

Min 100%SE1/4 NE1/4 31

40.00

100%Sur

Min 100%SW1/4 NE1/4 31

80512 102 $35.00 $2,800.00 4353640.00

100%Sur

Min 100%15 NE1/4 NW1/4 31

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 31

49N- 513 102 $15.00 $735.00 N-4353748.24

100%Sur

Min 100%SW1/4 NW1/4 31

80514 102 $31.00 $2,480.00 4353840.00

100%Sur

Min 100%15 NE1/4 SE1/4 31

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 31

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 104 of 341

Page 112: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

80N- 515 102 $15.00 $1,200.00 N-4353940.00

100%Sur

Min 100%SE1/4 SE1/4 31

40.00

100%Sur

Min 100%SW1/4 SE1/4 31

137516 102 $30.00 $4,110.00 4354040.00

100%Sur

Min 100%15 NE1/4 SW1/4 31

48.21

100%Sur

Min 100%15 NW1/4 SW1/4 31

48.18

100%Sur

Min 100%SW1/4 SW1/4 31

40N- 517 102 $15.00 $600.00 N-4354140.00

100%Sur

Min 100%SE1/4 SW1/4 31

80518 102 $13.00 $1,040.00 4354240.00

100%Sur

Min 100%15 NW1/4 NW1/4 32

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 32

80N- 519 102 $13.00 $1,040.00 N-4354340.00

100%Sur

Min 100%NE1/4 NW1/4 32

40.00

100%Sur

Min 100%SW1/4 NW1/4 32

160N- 520 102 $13.00 $2,080.00 N-4354440.00

100%Sur

Min 100%NE1/4 SE1/4 32

40.00

100%Sur

Min 100%NW1/4 SE1/4 32

40.00

100%Sur

Min 100%SE1/4 SE1/4 32

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 105 of 341

Page 113: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

(Continued) 160N- 520 102 $13.00 $2,080.00 N-4354440.00

100%Sur

Min 100%SW1/4 SE1/4 32

80521 102 $13.00 $1,040.00 4354540.00

100%Sur

Min 100%15 NW1/4 SW1/4 32

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 32

80N- 522 102 $13.00 $1,040.00 N-4354640.00

100%Sur

Min 100%NE1/4 SW1/4 32

40.00

100%Sur

Min 100%SW1/4 SW1/4 32

40523 102 $13.00 $520.00 4354740.00

100%Sur

Min 100%NE1/4 NE1/4 33

120N- 524 102 $13.00 $1,560.00 N-4354840.00

100%Sur

Min 100%NW1/4 NE1/4 33

40.00

100%Sur

Min 100%SE1/4 NE1/4 33

40.00

100%Sur

Min 100%SW1/4 NE1/4 33

160525 102 $13.00 $2,080.00 4354940.00

100%Sur

Min 100%NE1/4 NW1/4 33

40.00

100%Sur

Min 100%NW1/4 NW1/4 33

40.00

100%Sur

Min 100%SE1/4 NW1/4 33

40.00

100%Sur

Min 100%SW1/4 NW1/4 33

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 106 of 341

Page 114: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02E

120526 102 $13.00 $1,560.00 4355040.00

100%Sur

Min 100%15 NE1/4 SE1/4 33

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 33

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 33

40N- 527 102 $13.00 $520.00 N-4355140.00

100%Sur

Min 100%SE1/4 SE1/4 33

120528 102 $13.00 $1,560.00 4355240.00

100%Sur

Min 100%NE1/4 SW1/4 33

40.00

100%Sur

Min 100%NW1/4 SW1/4 33

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 33

40N- 529 102 $13.00 $520.00 N-4355340.00

100%Sur

Min 100%SE1/4 SW1/4 33

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 107 of 341

Page 115: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT18N R02W

38N- 530 102 $75.00 $2,850.00 N-4355437.60

100%Sur

Min 100%SE1/4 NE1/4,lying S'ly and W'ly of a line drawn 33 ftW'ly of and parallel with the centerline of the relocationof the Old River Road described as beginning at the 1/4post between Secs7 and 18, T18N, R1W,GladwinCounty, Michigan, thence North 14d30' East (magneticbearing) along the centerline of the present River Road744.7 feet, thence bearing to theleft on a curve of 3d30'2121.4 ft, thence North 59d45' West 2160.36 feet, thencebearing to the right on a curve of 5d30' 1195.9 feet,thence North 6d East 475.6 feet, more or less, to theintersection of Antler Street and the North line ofSeT18N, R2W, which point is 644 feet more or less,West of the NE corner of said Sec. 12.Subject to existing easements.

12

80N- 531 102 $75.00 $6,000.00 N-4355540.00

100%Sur

Min 100%NE1/4 SE1/4 12

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

12

40N- 532 102 $75.00 $3,000.00 N-4355640.00

100%Sur

Min 100%NE1/4 NE1/4 13

Gladwin CountyT19N R02W

40533 102 $13.00 $520.00 4355740.00

0%Sur

Min 100%NW1/4 NE1/4 20

40N- 534 102 $13.00 $520.00 N-4355840.00

100%Sur

Min 100%SW1/4 NE1/4 20

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 108 of 341

Page 116: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT19N R02W

80N- 535 102 $13.00 $1,040.00 N-4355940.00

100%Sur

Min 100%NE1/4 NW1/4 20

40.00

100%Sur

Min 100%SE1/4 NW1/4 20

40536 102 $13.00 $520.00 4356040.00

0%Sur

Min 100%NE1/4 SW1/4 20

5N- 537 102 $13.00 $65.00 N-435615.00

0%Sur

Min 100%*Com 1023 ft W & N 3d W 414 ft & W 80 ft of 1/4 seccor th W 587.48 ft th N 371 ft th E 587.48 ft th S3dEback to POB

25

40N- 538 102 $13.00 $520.00 N-4356240.00

0%Sur

Min 100%NW1/4 SE1/4 26

160N- 539 102 $13.00 $2,080.00 N-4356340.00

0%Sur

Min 100%NE1/4 NW1/4 27

40.00

0%Sur

Min 100%NW1/4 NW1/4 27

40.00

0%Sur

Min 100%SE1/4 NW1/4 27

40.00

0%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

27

160540 102 $13.00 $2,080.00 4356440.00

0%Sur

Min 100%NE1/4 SE1/4 28

40.00

0%Sur

Min 100%NW1/4 SE1/4 28

40.00

0%Sur

Min 100%SE1/4 SE1/4 28

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 109 of 341

Page 117: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Gladwin CountyT19N R02W

(Continued) 160540 102 $13.00 $2,080.00 4356440.00

0%Sur

Min 100%SW1/4 SE1/4 28

40541 102 $13.00 $520.00 4356540.00

0%Sur

Min 100%NE1/4SW1/4 28

80N- 542 102 $13.00 $1,040.00 N-4356640.00

0%Sur

Min 100%NW1/4 SW1/4 ex & reserving unto the State of Mich aneasement for public fishing & rights incident thereto in,over, & upon a strip of land 200 ft wide lying 100 ft eachside of & adjacent to the thread of North Branch of Cedar River, insofar as said river traverses the aboveconveyed premises.

28

40.00

0%Sur

Min 100%SE1/4 SW1/4 28

2N- 543 102 $13.00 $26.00 N-435672.00

0%Sur

Min 100%*Part of E1/2 SE1/4 com at SW cor th N 16 rds th E 20rds th S 16 rds th W 20 rds to POB

29

9N- 544 102 $13.00 $117.00 N-435689.00

0%Sur

Min 100%*E1/2 of W1/2 of NW1/4 of SE1/4 exc parcel in NE cor165 ft E & W by 264 ft N & S

30

80N- 545 102 $13.00 $1,040.00 N-4356940.00

100%Sur

Min 100%NE1/4 NW1/4 subject to flowage ease ment in GladwinLight & Power Co. Submerging about 31 A. thereof.

33

40.00

0%Sur

Min 100%NW1/4 NW1/4 33

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 110 of 341

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d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Grand Traverse CountyT26N R12W

40546 111 $13.00 $520.00 4357039.11

100%Sur

Min 100%151949

NW1/4 NW1/4 6

121N- 547 111 $13.00 $1,573.00 N-4357147.51

100%Sur

Min 100%NE1/4 NW1/4 6

40.00

100%Sur

Min 100%SE1/4 NW1/4 6

33.19

100%Sur

Min 100%SW1/4 NW1/4 6

80548 111 $13.00 $1,040.00 4357240.00

100%Sur

Min 100%1549

NE1/4 SW1/4 6

40.00

100%Sur

Min 100%1549

SE1/4 SW1/4 6

40549 111 $13.00 $520.00 4357340.00

100%Sur

Min 100%151949

NW1/4 NE1/4 7

40N- 550 111 $13.00 $520.00 N-4357440.00

100%Sur

Min 100%NE1/4 NE1/4 7

72551 111 $13.00 $936.00 4357562.98

100%Sur

Min 100%15 N1/2 NW1/4, except the SW1/4 NW1/4 NW1/4 7

8.25

100%Sur

Min 100%15 SW1/4 NW1/4 NW1/4 7

Grand Traverse CountyT27N R12W

40552 111 $13.00 $520.00 4357640.00

100%Sur

Min 100%10151949

NW1/4 SE1/4 31

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 111 of 341

Page 119: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Grand Traverse CountyT27N R12W

120N- 553 111 $13.00 $1,560.00 N-4357740.00

100%Sur

Min 100%NE1/4 SE1/4 31

40.00

100%Sur

Min 100%SE1/4 SE1/4 31

40.00

100%Sur

Min 100%SW1/4 SE1/4 31

30554 111 $13.00 $390.00 4357829.96

100%Sur

Min 100%151949

SW1/4 SW1/4 31

110N- 555 111 $13.00 $1,430.00 N-4357940.00

100%Sur

Min 100%NE1/4 SW1/4 31

29.87

100%Sur

Min 100%NW1/4 SW1/4 31

40.00

100%Sur

Min 100%SE1/4 SW1/4 31

40556 111 $13.00 $520.00 4358040.00

100%Sur

Min 100%153349

NE1/4 SE1/4Subject to existing easements.

32

120N- 557 111 $13.00 $1,560.00 N-4358140.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%SE1/4 SE1/4 32

40.00

100%Sur

Min 100%SW1/4 SE1/4 32

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 112 of 341

Page 120: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

152558 103 $13.00 $1,976.00 4358240.00

100%Sur

Min 100%515

NE1/4 NW1/4Subject to existing easements.

7

35.85

100%Sur

Min 100%515

NW1/4 NW1/4Subject to existing easements.

7

40.00

100%Sur

Min 100%515

SE1/4 NW1/4Subject to existing easements.

7

35.38

100%Sur

Min 100%515

SW1/4 NW1/4Subject to existing easements.

7

150559 103 $13.00 $1,950.00 4358340.00

100%Sur

Min 100%515

NE1/4 SW1/4Subject to existing easements.

7

34.91

100%Sur

Min 100%51520

NW1/4 SW1/4Subject to existing easements.

7

40.00

100%Sur

Min 100%515

SE1/4 SW1/4Subject to existing easements.

7

34.44

100%Sur

Min 100%515

SW1/4 SW1/4Subject to existing easements.

7

160560 103 $13.00 $2,080.00 4358440.00

100%Sur

Min 100%5 NE1/4 SE1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%5 NW1/4 SE1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%5 SE1/4 SE1/4Subject to existing easements.

16

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 113 of 341

Page 121: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

(Continued) 160560 103 $13.00 $2,080.00 4358440.00

100%Sur

Min 100%5 SW1/4 SE1/4Subject to existing easements.

16

160N- 561 103 $13.00 $2,080.00 N-4358540.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

17

160562 103 $13.00 $2,080.00 4358640.00

100%Sur

Min 100%515

NE1/4 NW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%515

NW1/4 NW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%515

SE1/4 NW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%515

SW1/4 NW1/4Subject to existing easements.

17

160563 103 $13.00 $2,080.00 4358740.00

100%Sur

Min 100%515

NE1/4 SE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%515

NW1/4 SE1/4Subject to existing easements.

17

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 114 of 341

Page 122: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

(Continued) 160563 103 $13.00 $2,080.00 4358740.00

100%Sur

Min 100%515

SE1/4 SE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%515

SW1/4 SE1/4Subject to existing easements.

17

160N- 564 103 $13.00 $2,080.00 N-4358840.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

17

160N- 565 103 $13.00 $2,080.00 N-4358940.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

18

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

18

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

18

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

18

115566 103 $13.00 $1,495.00 4359040.00

100%Sur

Min 100%515

NE1/4 NW1/4Subject to existing easements.

18

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 115 of 341

Page 123: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

(Continued) 115566 103 $13.00 $1,495.00 4359040.00

100%Sur

Min 100%515

SE1/4 NW1/4Subject to existing easements.

18

34.27

100%Sur

Min 100%515

SW1/4 NW1/4Subject to existing easements.

18

160567 103 $13.00 $2,080.00 4359140.00

100%Sur

Min 100%515

NE1/4 SE1/4Subject to existing easements.

18

40.00

100%Sur

Min 100%515

NW1/4 SE1/4Subject to existing easements.

18

40.00

100%Sur

Min 100%515

SE1/4 SE1/4Subject to existing easements.

18

40.00

100%Sur

Min 100%515

SW1/4 SE1/4Subject to existing easements.

18

149N- 568 103 $13.00 $1,937.00 N-4359240.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

18

34.32

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

18

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

18

34.37

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

18

160569 103 $13.00 $2,080.00 4359340.00

100%Sur

Min 100%515

NE1/4 NE1/4Subject to existing easements.

19

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 116 of 341

Page 124: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

(Continued) 160569 103 $13.00 $2,080.00 4359340.00

100%Sur

Min 100%515

NW1/4 NE1/4Subject to existing easements.

19

40.00

100%Sur

Min 100%515

SE1/4 NE1/4Subject to existing easements.

19

40.00

100%Sur

Min 100%515

SW1/4 NE1/4Subject to existing easements.

19

149570 103 $13.00 $1,937.00 4359440.00

100%Sur

Min 100%5 NE1/4 NW1/4Subject to existing easements.

19

34.24

100%Sur

Min 100%515

NW1/4 NW1/4Subject to existing easements.

19

40.00

100%Sur

Min 100%515

SE1/4 NW1/4Subject to existing easements.

19

33.92

100%Sur

Min 100%515

SW1/4 NW1/4Subject to existing easements.

19

160N- 571 103 $13.00 $2,080.00 N-4359540.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

19

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

19

40.00

100%Sur

Min 100%SE1/4 SE1/ 4Subject to existing easements.

19

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

19

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 117 of 341

Page 125: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

160572 103 $13.00 $2,080.00 4359640.00

100%Sur

Min 100%519

NE1/4 NE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%519

NW1/4 NE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%519

SE1/4 NE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%5 SW1/4 NE1/4Subject to existing easements.

20

160573 103 $13.00 $2,080.00 4359740.00

100%Sur

Min 100%51519

NE1/4 NW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%519

NW1/4 NW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%5 SE1/4 NW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%5 SW1/4 NW1/4Subject to existing easements.

20

160574 103 $13.00 $2,080.00 4359840.00

100%Sur

Min 100%5 NE1/4 NE1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%5 NW1/4 NE1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%5 SE1/4 NE1/4Subject to existing easements.

21

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 118 of 341

Page 126: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

(Continued) 160574 103 $13.00 $2,080.00 4359840.00

100%Sur

Min 100%5 SW1/4 NE1/4Subject to existing easements.

21

160575 103 $13.00 $2,080.00 4359940.00

100%Sur

Min 100%35

15

NE1/4 NW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%51519

NW1/4 NW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%15 SE1/4 NW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%1519

SW1/4 NW1/4Subject to existing easements.

21

160N- 576 103 $13.00 $2,080.00 N-4360040.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

21

160N- 577 103 $13.00 $2,080.00 N-4360140.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

21

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 119 of 341

Page 127: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

(Continued) 160N- 577 103 $13.00 $2,080.00 N-4360140.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

21

160N- 578 103 $13.00 $2,080.00 N-4360240.00

100%Sur

Min 100%NE1/4 NE1/4 22

40.00

100%Sur

Min 100%NW1/4NE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SE1/4 NE1/4 22

40.00

100%Sur

Min 100%SW1/4 NE1/4 22

160579 103 $13.00 $2,080.00 4360340.00

100%Sur

Min 100%15 NE1/4 NW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%15 NW1/4NW1/ 4 22

40.00

100%Sur

Min 100%15 SE1/4 NW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 22

80N- 580 103 $13.00 $1,040.00 N-4360440.00

100%Sur

Min 100%NW1/4 SE1/4 22

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

22

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 120 of 341

Page 128: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

40581 103 $50.00 $2,000.00 4360540.00

100%Sur

Min 100%15 NW1/4 SW1/4 22

80N- 582 103 $13.00 $1,040.00 N-4360640.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

22

80583 103 $13.00 $1,040.00 4360740.00

100%Sur

Min 100%SE1/4 SW1/4 29

40.00

100%Sur

Min 100%SW1/4 SW1/4 29

34N- 584 103 $30.00 $1,020.00 N-4360833.13

100%Sur

Min 100%SW1/4 SW1/4 30

160585 103 $13.00 $2,080.00 4360940.00

100%Sur

Min 100%NE1/4 NE1/4 31

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 31

40.00

100%Sur

Min 100%SE1/4 NE1/4 31

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 31

147586 103 $13.00 $1,911.00 4361040.00

100%Sur

Min 100%15 NE1/4 NW1/4 31

33.12

100%Sur

Min 100%15 NW1/4 NW1/4 31

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 121 of 341

Page 129: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

(Continued) 147586 103 $13.00 $1,911.00 4361040.00

100%Sur

Min 100%15 SE1/4 NW1/4 31

33.08

100%Sur

Min 100%15 SW1/4 NW1/4 31

160N- 587 103 $13.00 $2,080.00 N-4361140.00

100%Sur

Min 100%NE1/4 SE1/4 31

40.00

100%Sur

Min 100%NW1/4 SE1/4 31

40.00

100%Sur

Min 100%SE1/4 SE1/4 31

40.00

100%Sur

Min 100%SW1/4 SE1/4 31

147N- 588 103 $13.00 $1,911.00 N-4361240.00

100%Sur

Min 100%NE1/4 SW1/4 31

33.05

100%Sur

Min 100%NW1/4 SW1/4 31

40.00

100%Sur

Min 100%SE1/4 SW1/4 31

33.02

100%Sur

Min 100%SW1/4 SW1/4 31

160589 103 $13.00 $2,080.00 4361340.00

100%Sur

Min 100%15 NE1/4 NE1/4 35

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 35

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 35

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 35

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 122 of 341

Page 130: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

120N- 590 103 $13.00 $1,560.00 N-4361440.00

100%Sur

Min 100%NE1/4 NW1/4 35

40.00

100%Sur

Min 100%NW1/4 NW1/4 35

40.00

100%Sur

Min 100%SE1/4 NW1/4 35

160N- 591 103 $13.00 $2,080.00 N-4361540.00

100%Sur

Min 100%NE1/4 SE1/4 35

40.00

100%Sur

Min 100%NW1/4 SE1/4 35

40.00

100%Sur

Min 100%SE1/4 SE1/4 35

40.00

100%Sur

Min 100%SW1/4 SE1/4 35

160592 103 $13.00 $2,080.00 4361640.00

100%Sur

Min 100%15 NE1/4 SW1/4 35

40.00

100%Sur

Min 100%15 NW1/4 SW1/4 35

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 35

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 35

160593 103 $13.00 $2,080.00 4361740.00

100%Sur

Min 100%15 NE1/4 NE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 123 of 341

Page 131: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

(Continued) 160593 103 $13.00 $2,080.00 4361740.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 36

160N- 594 103 $13.00 $2,080.00 N-4361840.00

100%Sur

Min 100%NE1/4 NW1/4 36

40.00

100%Sur

Min 100%NW1/4 NW1/4 36

40.00

100%Sur

Min 100%SE1/4 NW1/4 36

40.00

100%Sur

Min 100%SW1/4 NW1/4 36

160N- 595 103 $13.00 $2,080.00 N-4361940.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%NW1/4 SE1/4 36

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

36

160596 103 $13.00 $2,080.00 4362040.00

100%Sur

Min 100%15 NE1/4 SW1/4 36

40.00

100%Sur

Min 100%15 NW1/4 SW1/4 36

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 124 of 341

Page 132: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R05W

(Continued) 160596 103 $13.00 $2,080.00 4362040.00

100%Sur

Min 100%15 SW1/4 SW1/4 36

Kalkaska CountyT25N R06W

120N- 597 103 $13.00 $1,560.00 N-4362139.58

100%Sur

Min 100%NE1/4 NE1/4 3

40.00

100%Sur

Min 100%SE1/4 NE1/4 3

40.00

100%Sur

Min 100%SW1/4 NE1/4 3

160N- 598 103 $13.00 $2,080.00 N-4362240.00

100%Sur

Min 100%34 NE1/4 SE1/4 3

40.00

100%Sur

Min 100%34 NW1/4 SE1/4 3

40.00

100%Sur

Min 100%34 SE1/4 SE1/4 3

40.00

100%Sur

Min 100%34 SW1/4 SE1/4 3

160N- 599 103 $13.00 $2,080.00 N-4362340.00

100%Sur

Min 100%34 NE1/4 SW1/4 3

40.00

100%Sur

Min 100%34 NW1/4 SW1/4 3

40.00

100%Sur

Min 100%34 SE1/4 SW1/4 3

40.00

100%Sur

Min 100%34 SW1/4 SW1/4 3

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 125 of 341

Page 133: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

80600 103 $13.00 $1,040.00 4362440.00

100%Sur

Min 100%515

NE1/4 NE1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%515

SE1/4 NE1/4Subject to existing easements.

12

40N- 601 103 $60.00 $2,400.00 N-4362540.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

12

120N- 602 103 $13.00 $1,560.00 N-4362640.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

22

160603 103 $13.00 $2,080.00 4362740.00

100%Sur

Min 100%515

NE1/4 NW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%515

NW1/4 NW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%515

SE1/4 NW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%515

SW1/4 NW1/4Subject to existing easements.

22

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 126 of 341

Page 134: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

160604 103 $13.00 $2,080.00 4362840.00

100%Sur

Min 100%515

NE1/4 SE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%515

NW1/4 SE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%515

SE1/4 SE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%515

SW1/4 SE1/4Subject to existing easements.

22

160N- 605 103 $13.00 $2,080.00 N-4362940.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

22

120N- 606 103 $13.00 $1,560.00 N-4363040.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

23

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 127 of 341

Page 135: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

80N- 607 103 $13.00 $1,040.00 N-4363140.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

23

160608 103 $13.00 $2,080.00 4363240.00

100%Sur

Min 100%515

NE1/4 SE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%515

NW1/4 SE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%515

SE1/4 SE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%515

SW1/4 SE1/4Subject to existing easements.

23

160609 103 $13.00 $2,080.00 4363340.00

100%Sur

Min 100%515

NE1/4 SW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%515

NW1/4 SW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%515

SE1/4 SW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%515

SW1/4 SW1/4Subject to existing easements.

23

160N- 610 103 $13.00 $2,080.00 N-4363440.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

24

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 128 of 341

Page 136: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

(Continued) 160N- 610 103 $13.00 $2,080.00 N-4363440.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

24

160611 103 $13.00 $2,080.00 4363540.00

100%Sur

Min 100%515

NE1/4 NW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%515

NW1/4 NW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%515

SE1/4 NW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%515

SW1/4 NW1/4Subject to existing easements.

24

160612 103 $13.00 $2,080.00 4363640.00

100%Sur

Min 100%515

NE1/4 SW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%515

NW1/4 SW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%515

SE1/4 SW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%515

SW1/4 SW1/4Subject to existing easements.

24

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 129 of 341

Page 137: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

160613 103 $13.00 $2,080.00 4363740.00

100%Sur

Min 100%51519

NE1/4 NW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%51519

NW1/4 NW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%51519

SE1/4 NW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%51519

SW1/4 NW1/4Subject to existing easements.

25

160614 103 $13.00 $2,080.00 4363840.00

100%Sur

Min 100%515

NE1/4 SE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%515

NW1/4 SE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%51519

SE1/4 SE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%515

SW1/4 SE1/4Subject to existing easements.

25

160N- 615 103 $13.00 $2,080.00 N-4363940.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

25

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 130 of 341

Page 138: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

(Continued) 160N- 615 103 $13.00 $2,080.00 N-4363940.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

25

160N- 616 103 $13.00 $2,080.00 N-4364040.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

26

160617 103 $13.00 $2,080.00 4364140.00

100%Sur

Min 100%51519

NE1/4 NW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%515

NW1/4 NW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%515

SE1/4 NW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%515

SW1/4 NW1/4Subject to existing easements.

26

160618 103 $13.00 $2,080.00 4364240.00

100%Sur

Min 100%515

NE1/4 SE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%515

NW1/4 SE1/4Subject to existing easements.

26

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 131 of 341

Page 139: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

(Continued) 160618 103 $13.00 $2,080.00 4364240.00

100%Sur

Min 100%51519

SE1/4 SE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%515

SW1/4 SE1/4Subject to existing easements.

26

160N- 619 103 $13.00 $2,080.00 N-4364340.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

26

160N- 620 103 $13.00 $2,080.00 N-4364440.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

27

40621 103 $13.00 $520.00 4364540.00

100%Sur

Min 100%515

SW1/4 NW1/4Subject to existing easements.

27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 132 of 341

Page 140: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

120N- 622 103 $13.00 $1,560.00 N-4364640.00

100%Sur

Min 100%5 NE1/4 NW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%5 NW1/4 NW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%5 SE1/4 NW1/4Subject to existing easements.

27

120623 103 $13.00 $1,560.00 4364740.00

100%Sur

Min 100%35

15

NW1/4 SE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%515

SE1/4 SE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%515

SW1/4 SE1/4Subject to existing easements.

27

40N- 624 103 $13.00 $520.00 N-4364840.00

100%Sur

Min 100%5 NE1/4 SE1/4Subject to existing easements.

27

160N- 625 103 $13.00 $2,080.00 N-4364940.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 133 of 341

Page 141: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

160N- 626 103 $13.00 $2,080.00 N-4365040.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

28

160627 103 $13.00 $2,080.00 4365140.00

100%Sur

Min 100%5 NE1/4 NW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%515

NW1/4 NW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%51519

SE1/4 NW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%515

SW1/4 NW1/4Subject to existing easements.

28

160628 103 $13.00 $2,080.00 4365240.00

100%Sur

Min 100%5 NE1/4 SE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%515

NW1/4 SE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%51519

SE1/4 SE1/4Subject to existing easements.

28

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 134 of 341

Page 142: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

(Continued) 160628 103 $13.00 $2,080.00 4365240.00

100%Sur

Min 100%51519

SW1/4 SE1/4Subject to existing easements.

28

160N- 629 103 $13.00 $2,080.00 N-4365340.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

28

167N- 630 103 $90.00 $15,030.00 N-4365440.00

100%Sur

Min 100%NE1/4 NW1/4 31

43.36

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%SE1/4 NW1/4 31

43.20

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

31

120631 103 $90.00 $10,800.00 4365540.00

100%Sur

Min 100%15 NW1/4 SE1/4 31

40.00

100%Sur

Min 100%15 SE1/4 SE1/4 31

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 31

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 135 of 341

Page 143: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

166632 130 $150.00 $24,900.00 4365640.00

100%Sur

Min 100%15 NE1/4 SW1/4 31

43.04

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

31

42.88

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

31

160N- 633 103 $13.00 $2,080.00 N-4365740.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

32

40634 103 $13.00 $520.00 4365840.00

100%Sur

Min 100%51519

NE1/4 NW1/4Subject to existing easements.

32

120N- 635 103 $13.00 $1,560.00 N-4365940.00

100%Sur

Min 100%5 NW1/4 NW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%5 SE1/4 NW1/4Subject to existing easements.

32

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 136 of 341

Page 144: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

(Continued) 120N- 635 103 $13.00 $1,560.00 N-4365940.00

100%Sur

Min 100%5 SW1/4 NW1/4Subject to existing easements.

32

80636 103 $13.00 $1,040.00 4366040.00

100%Sur

Min 100%51519

NE1/4 SE1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%515

SE1/4 SE1/4Subject to existing easements.

32

80N- 637 103 $13.00 $1,040.00 N-4366140.00

100%Sur

Min 100%5 NW1/4 SE1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%5 SW1/4 SE1/4Subject to existing easements.

32

160N- 638 103 $13.00 $2,080.00 N-4366240.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

32

160N- 639 103 $13.00 $2,080.00 N-4366340.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

33

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 137 of 341

Page 145: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

(Continued) 160N- 639 103 $13.00 $2,080.00 N-4366340.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

33

160640 103 $13.00 $2,080.00 4366440.00

100%Sur

Min 100%51519

NE1/4 NW1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%51519

NW1/4 NW1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%51519

SE1/4 NW1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%51519

SW1/4 NW1/4Subject to existing easements.

33

160641 103 $13.00 $2,080.00 4366540.00

100%Sur

Min 100%515

NE1/4 SE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%515

NW1/4 SE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%515

SE1/4 SE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%515

SW1/4 SE1/4Subject to existing easements.

33

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 138 of 341

Page 146: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

160N- 642 103 $13.00 $2,080.00 N-4366640.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

33

160N- 643 103 $13.00 $2,080.00 N-4366740.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

34

160644 103 $13.00 $2,080.00 4366840.00

100%Sur

Min 100%51519

NE1/4 NW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%51519

NW1/4 NW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%515

SE1/4 NW1/4Subject to existing easements.

34

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 139 of 341

Page 147: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

(Continued) 160644 103 $13.00 $2,080.00 4366840.00

100%Sur

Min 100%515

SW1/4 NW1/4Subject to existing easements.

34

160645 103 $13.00 $2,080.00 4366940.00

100%Sur

Min 100%515

NE1/4 SE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%51519

NW1/4 SE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%515

SE1/4 SE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%515

SW1/4 SE1/4Subject to existing easements.

34

160N- 646 103 $13.00 $2,080.00 N-4367040.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

34

160N- 647 103 $13.00 $2,080.00 N-4367140.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

35

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 140 of 341

Page 148: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

(Continued) 160N- 647 103 $13.00 $2,080.00 N-4367140.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

35

40648 103 $60.00 $2,400.00 4367240.00

100%Sur

Min 100%515

SW1/4 NW1/4Subject to existing easements.

35

120N- 649 103 $13.00 $1,560.00 N-4367340.00

100%Sur

Min 100%5 NE1/4 NW1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%5 NW1/4 NW1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%5 SE1/4 NW1/4Subject to existing easements.

35

160650 103 $13.00 $2,080.00 4367440.00

100%Sur

Min 100%515

NE1/4 SE1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%51519

NW1/4 SE1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%515

SE1/4 SE1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%51519

SW1/4 SE1/4Subject to existing easements.

35

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 141 of 341

Page 149: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

160N- 651 103 $13.00 $2,080.00 N-4367540.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

35

160N- 652 103 $13.00 $2,080.00 N-4367640.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

36

160653 103 $13.00 $2,080.00 4367740.00

100%Sur

Min 100%51519

NE1/4 NW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%51519

NW1/4 NW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%51519

SE1/4 NW1/4Subject to existing easements.

36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 142 of 341

Page 150: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT25N R06W

(Continued) 160653 103 $13.00 $2,080.00 4367740.00

100%Sur

Min 100%51519

SW1/4 NW1/4Subject to existing easements.

36

160654 103 $13.00 $2,080.00 4367840.00

100%Sur

Min 100%515

NE1/4 SE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%515

NW1/4 SE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%515

SE1/4 SE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%515

SW1/4 SE1/4Subject to existing easements.

36

160N- 655 103 $13.00 $2,080.00 N-4367940.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

36

Kalkaska CountyT26N R06W

80656 103 $13.00 $1,040.00 4368040.00

100%Sur

Min 100%15 NE1/4 NE1/4Subject to existing easements.

10

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 143 of 341

Page 151: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT26N R06W

(Continued) 80656 103 $13.00 $1,040.00 4368040.00

100%Sur

Min 100%15 NW1/4 NE1/4Subject to existing easements.

10

80N- 657 103 $13.00 $1,040.00 N-4368140.00

100%Sur

Min 100%SE1/4 NE1/4 10

40.00

100%Sur

Min 100%SW1/4 NE1/4 10

160N- 658 103 $13.00 $2,080.00 N-4368240.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%SE1/4 NW1/4 10

40.00

100%Sur

Min 100%SW1/4 NW1/4 10

160N- 659 103 $13.00 $2,080.00 N-4368340.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

10

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 144 of 341

Page 152: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT26N R06W

160N- 660 103 $13.00 $2,080.00 N-4368440.00

100%Sur

Min 100%NE1/4 SW1/4 10

40.00

100%Sur

Min 100%NW1/4 SW1/4 10

40.00

100%Sur

Min 100%SE1/4 SW1/4 10

40.00

100%Sur

Min 100%SW1/4 SW1/4 10

120661 103 $13.00 $1,560.00 4368540.00

100%Sur

Min 100%515

NE1/4 NE1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%515

NW1/4 NE1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%515

SW1/4 NE1/4Subject to existing easements.

11

40N- 662 103 $60.00 $2,400.00 N-4368640.00

100%Sur

Min 100%5 SE1/4 NE1/4Subject to existing easements.

11

40663 103 $60.00 $2,400.00 4368740.00

100%Sur

Min 100%515

SE1/4 NW1/4Subject to existing easements.

11

80N- 664 103 $13.00 $1,040.00 N-4368840.00

100%Sur

Min 100%5 NE1/4 NW1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%5 SW1/4 NW1/4Subject to existing easements.

11

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 145 of 341

Page 153: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT26N R06W

80N- 665 103 $13.00 $1,040.00 N-4368940.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

11

160N- 666 103 $13.00 $2,080.00 N-4369040.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

11

160667 103 $13.00 $2,080.00 4369140.00

100%Sur

Min 100%51519

NE1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%5 NW1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%51519

SE1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%51519

SW1/4 NE1/4Subject to existing easements.

14

160N- 668 103 $13.00 $2,080.00 N-4369240.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

14

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 146 of 341

Page 154: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT26N R06W

(Continued) 160N- 668 103 $13.00 $2,080.00 N-4369240.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

14

160N- 669 103 $13.00 $2,080.00 N-4369340.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

14

160670 103 $13.00 $2,080.00 4369440.00

100%Sur

Min 100%5 NE1/4 SW1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%51519

NW1/4 SW1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%5 SE1/4 SW1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%51519

SW1/4 SW1/4Subject to existing easements.

14

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 147 of 341

Page 155: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT26N R06W

160N- 671 103 $13.00 $2,080.00 N-4369540.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

15

80672 103 $13.00 $1,040.00 4369640.00

100%Sur

Min 100%15 SE1/4 NW1/4 15

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 15

80N- 673 103 $13.00 $1,040.00 N-4369740.00

100%Sur

Min 100%5 NE1/4 NW1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%NW1/4 NW1/4 15

160N- 674 103 $13.00 $2,080.00 N-4369840.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

15

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 148 of 341

Page 156: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT26N R06W

(Continued) 160N- 674 103 $13.00 $2,080.00 N-4369840.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

15

40675 103 $60.00 $2,400.00 4369940.00

100%Sur

Min 100%15 NW1/4 SW1/4 15

120N- 676 103 $13.00 $1,560.00 N-4370040.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%5 SE1/4 SW1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%5 SW1/4 SW1/4 15

80N- 677 103 $13.00 $1,040.00 N-4370140.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%SW1/4 SE1/4 21

160N- 678 103 $13.00 $2,080.00 N-4370240.00

100%Sur

Min 100%NE1/4 SW1/4 21

40.00

100%Sur

Min 100%NW1/4 SW1/4 21

40.00

100%Sur

Min 100%SE1/4 SW1/4 21

40.00

100%Sur

Min 100%SW1/4 SW1/4 21

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 149 of 341

Page 157: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT26N R06W

160679 103 $13.00 $2,080.00 4370340.00

100%Sur

Min 100%515

NE1/4 NE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%515

NW1/4 NE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%51519

SE1/4 NE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%51519

SW1/4 NE1/4Subject to existing easements.

22

80N- 680 103 $13.00 $1,040.00 N-4370440.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

22

160681 103 $13.00 $2,080.00 4370540.00

100%Sur

Min 100%519

NE1/4 SE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%519

NW1/4 SE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%519

SE1/4 SE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%519

SW1/4 SE1/4Subject to existing easements.

22

160N- 682 103 $13.00 $2,080.00 N-4370640.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

22

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 150 of 341

Page 158: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT26N R06W

(Continued) 160N- 682 103 $13.00 $2,080.00 N-4370640.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

22

160683 103 $13.00 $2,080.00 4370740.00

100%Sur

Min 100%515

NE1/4 NE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%515

NW1/4 NE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%515

SE1/4 NE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%515

SW1/4 NE1/4Subject to existing easements.

23

160N- 684 103 $13.00 $2,080.00 N-4370840.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

23

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 151 of 341

Page 159: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Kalkaska CountyT26N R06W

160685 103 $13.00 $2,080.00 4370940.00

100%Sur

Min 100%515

NE1/4 SE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%515

NW1/4 SE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%515

SE1/4 SE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%515

SW1/4 SE1/4Subject to existing easements.

23

160N- 686 103 $13.00 $2,080.00 N-4371040.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

23

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 152 of 341

Page 160: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Mason CountyT20N R16W

80687 112 $13.00 $1,040.00 4371140.00

0%Sur

Min 100%1549

SE1/4 NE1/4 7

40.00

0%Sur

Min 100%1549

SW1/4 NE1/4 7

80688 112 $13.00 $1,040.00 4371240.00

0%Sur

Min 100%13

15

NE1/4 SE1/4 7

40.00

0%Sur

Min 100%15 SE1/4 SE1/4 7

80689 112 $13.00 $1,040.00 4371340.00

0%Sur

Min 100%115

NW1/4 SW1/4 9

40.00

0%Sur

Min 100%115

SW1/4 SW1/4Subject to existing easements.

9

Mason CountyT20N R17W

40690 112 $125.00 $5,000.00 4371440.00

0%Sur

Min 100%11549

SW1/4 NE1/4 9

40691 112 $150.00 $6,000.00 4371540.00

0%Sur

Min 100%11549

SW1/4 NW1/4 9

2N- 692 112 $13.00 $26.00 N-437161.01

0%Sur

Min 100%Beg. at the NE cor of Sec. 131/2 rods S, W 12 rds, N131/2 rds, E 12 rds to beg.

11

20693 112 $13.00 $260.00 4371710.00

0%Sur

Min 100%1549

Und. 1/4 int in NW1/4 of NE1/4 (40.00 A) 12

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 153 of 341

Page 161: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Mason CountyT20N R17W

(Continued) 20693 112 $13.00 $260.00 4371710.00

0%Sur

Min 100%1549

Und.1/4 int. in SW1/4 NE1/4 (40.00 A) 12

120694 112 $175.00 $21,000.00 4371840.00

0%Sur

Min 100%11549

NE1/4 SE1/4 14

40.00

0%Sur

Min 100%11549

NW1/4 SE1/4 14

40.00

0%Sur

Min 100%11549

SE1/4 SE1/4 14

80695 112 $175.00 $14,000.00 4371940.00

0%Sur

Min 100%1549

SE1/4 SW1/4 14

40.00

0%Sur

Min 100%11549

SW1/4 SW1/4 14

30696 112 $175.00 $5,250.00 4372020.00

0%Sur

Min 100%11549

N1/2 NW1/4 SW1/4 15

10.00

0%Sur

Min 100%11549

SE1/4 NW1/4 SW1/4 15

69697 112 $25.00 $1,725.00 437214.31

0%Sur

Min 100%11549

E1/2 SW1/4 SW1/4 NW1/4 19

17.25

0%Sur

Min 100%11549

N1/2 SW1/4 NW1/4 19

33.70

0%Sur

Min 100%11549

NW1/4 NW1/4 ex NE1/4 E1/2 SE1/4 NW1/4 NW1/4 19

8.62

0%Sur

Min 100%11549

SE1/4 SW1/4 NW1/4 19

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 154 of 341

Page 162: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Mason CountyT20N R17W

(Continued) 69697 112 $25.00 $1,725.00 437214.34

0%Sur

Min 100%11549

W1/2 SW1/4 SW1/4 NW1/4 19

9698 112 $20.00 $180.00 437225.00

0%Sur

Min 100%11549

E1/2 NE1/4 NW1/4 SE1/4 19

3.75

0%Sur

Min 100%11549

E1/2 SE1/4 NW1/4 SE1/4 ex NW1/4 E1/2 SE1/4 NW1/4SE1/4

19

99699 112 $20.00 $1,980.00 437235.00

0%Sur

Min 100%11549

E1/2 SE1/4 NE1/4 SW1/4 19

20.00

0%Sur

Min 100%11549

N1/2 NE1/4 SW1/4 19

29.88

0%Sur

Min 100%11549

NW1/4 SW1/4 less E1/2 NE1/4 NW1/4 SW1/4 19

10.00

0%Sur

Min 100%11549

SW1/4 NE1/4 SW1/4 19

33.37

0%Sur

Min 100%11549

SW1/4 SW1/4 ex SW1/4 E1/2 SE1/4 SW1/4 SW1/4 19

30700 112 $13.00 $390.00 4372410.00

0%Sur

Min 100%115

E1/2 W1/2 SW1/4 NW1/4 20

20.00

0%Sur

Min 100%11549

W1/2 NW1/4 NW1/4Subject to existing easements.

20

20701 112 $13.00 $260.00 4372520.00

0%Sur

Min 100%11549

E1/2 SW1/4 SE1/4 20

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 155 of 341

Page 163: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Mason CountyT20N R17W

40702 112 $13.00 $520.00 4372640.00

0%Sur

Min 100%115

SW1/4 SW1/4 20

85703 112 $13.00 $1,105.00 4372720.00

0%Sur

Min 100%11549

E1/2 NW1/4 NE1/4 21

5.00

0%Sur

Min 100%11549

E1/2 SE1/4 NE1/4 NE1/4 21

15.00

0%Sur

Min 100%11549

E3/4 N1/2 SW1/4 NE1/4 21

20.00

0%Sur

Min 100%11549

S1/2 SW1/4 NE1/4 21

20.00

0%Sur

Min 100%11549

W1/2 NE1/4 NE1/4 21

5.00

0%Sur

Min 100%11549

W1/2 SW1/4 NW1/4 NE1/4 21

125704 112 $13.00 $1,625.00 4372820.00

0%Sur

Min 100%11549

E1/2 NW1/4 NW1/4 21

5.00

0%Sur

Min 100%11549

E1/2 SW1/4 SW1/4 NW1/4 21

10.00

0%Sur

Min 100%11549

E1/2 W1/2 NW1/4 NW1/4 21

10.00

0%Sur

Min 100%11549

NE1/4 SW1/4 NW1/4 21

10.00

0%Sur

Min 100%11549

NW1/4 SE1/4 NW1/4 21

10.00

0%Sur

Min 100%11549

NW1/4 SW1/4 NW1/4 21

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 156 of 341

Page 164: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Mason CountyT20N R17W

(Continued) 125704 112 $13.00 $1,625.00 4372820.00

0%Sur

Min 100%11549

S1/2 NE1/4 NW1/4 21

10.00

0%Sur

Min 100%11549

SE1/4 SE1/4 NW1/4 21

5.00

0%Sur

Min 100%11549

W1/2 SE1/4 SW1/4 NW1/4 21

5.00

0%Sur

Min 100%11549

W1/2 SW1/4 SE1/4 NW1/4 21

5.00

0%Sur

Min 100%11549

W1/2 SW1/4 SW1/4 NW1/4 21

15.00

0%Sur

Min 100%11549

W3/4 N1/2 NE1/4 NW1/4 21

30705 112 $13.00 $390.00 437295.00

0%Sur

Min 100%11549

E1/2 NE1/4 NW1/4 SE1/4 21

20.00

0%Sur

Min 100%11549

S1/2 SW1/4 SE1/4 21

5.00

0%Sur

Min 100%11549

W1/2 SW1/4 NW1/4 SE1/4 21

90706 114 $60.00 $5,400.00 437305.00

0%Sur

Min 100%11549

E1/2 SW1/4 NE1/4 SW1/4 21

10.00

0%Sur

Min 100%11549

NE1/4 SE1/4 SW1/4 21

10.00

0%Sur

Min 100%11549

NW1/4 NE1/4 SW1/4 21

10.00

0%Sur

Min 100%11549

NW1/4 SW1/4 SW1/4 21

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 157 of 341

Page 165: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Mason CountyT20N R17W

(Continued) 90706 114 $60.00 $5,400.00 4373010.00

0%Sur

Min 100%11549

SE1/4 NE1/4 SW1/4 21

10.00

0%Sur

Min 100%11549

SE1/4 NW1/4 SW1/4 21

10.00

0%Sur

Min 100%11549

SE1/4 SW1/4 SW1/4 21

10.00

0%Sur

Min 100%11549

SW1/4 SW1/4 SW1/4 21

5.00

0%Sur

Min 100%11549

W1/2 NE1/4 NE1/4 SW1/4 21

10.00

0%Sur

Min 100%11549

W1/2 W1/2 NW1/4 SW1/4 21

95707 112 $13.00 $1,235.00 4373115.00

0%Sur

Min 100%11549

E3/4 N1/2 NE1/4 NW1/4 28

15.00

0%Sur

Min 100%11549

E3/4 S1/2 NE1/4 NW1/4 28

40.00

0%Sur

Min 100%11549

NW1/4 NW1/4 28

20.00

0%Sur

Min 100%11549

S1/2 SW1/4 NW1/4 28

5.00

0%Sur

Min 100%11549

W1/2 NW1/4 NE1/4 NW1/4 28

85708 112 $13.00 $1,105.00 437325.00

0%Sur

Min 100%11549

E1/2 SE1/4 SW1/4 SW1/4 28

10.00

0%Sur

Min 100%11549

NE1/4 SW1/4 SW1/4 28

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 158 of 341

Page 166: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Mason CountyT20N R17W

(Continued) 85708 112 $13.00 $1,105.00 4373210.00

0%Sur

Min 100%11549

NW1/4 SW1/4 SW1/4` 28

40.00

0%Sur

Min 100%11549

SE1/4 SW1/4 28

20.00

0%Sur

Min 100%11549

W1/2 NE1/4 SW1/4 28

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 159 of 341

Page 167: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Midland CountyT15N R01E

76709 123 $65.00 $4,940.00 4373335.57

100%Sur

Min 100%NW1/4 NE1/4 3

40.00

100%Sur

Min 100%SE1/4 NE1/4 3

113710 123 $75.00 $8,475.00 4373435.73

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

3

36.30

100%Sur

Min 100%15 NW1/4 NW1/4 3

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

3

40N- 711 123 $65.00 $2,600.00 N-4373540.00

100%Sur

Min 100%SW1/4 NW1/4 3

60712 123 $75.00 $4,500.00 4373620.00

100%Sur

Min 50%NW1/4 NE1/4 10

20.00

100%Sur

Min 50%15 SE1/4 NE1/4 10

20.00

100%Sur

Min 50%15 SW1/4 NE1/4 10

20N- 713 121 $35.00 $700.00 N-4373720.00

100%Sur

Min 50%NE1/4 NE1/4 10

120714 123 $75.00 $9,000.00 4373840.00

0%Sur

Min 100%NE1/4 NW1/4 10

40.00

0%Sur

Min 100%15 NW1/4 NW1/4 10

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 160 of 341

Page 168: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Midland CountyT15N R01E

(Continued) 120714 123 $75.00 $9,000.00 4373840.00

0%Sur

Min 100%15 SE1/4 NW1/4 10

40N- 715 123 $65.00 $2,600.00 N-4373940.00

0%Sur

Min 100%SW1/4 NW1/4` 10

40716 123 $75.00 $3,000.00 4374020.00

100%Sur

Min 50%15 NW1/4 SE1/4 10

20.00

100%Sur

Min 50%SW1/4 SE1/4 10

80N- 717 121 $55.00 $4,400.00 N-4374140.00

100%Sur

Min 100%NE1/4 SE1/4 10

40.00

100%Sur

Min 100%SE1/4 SE1/4 10

40718 123 $75.00 $3,000.00 4374240.00

0%Sur

Min 100%SW1/4 SW1/4 10

120N- 719 123 $65.00 $7,800.00 N-4374340.00

0%Sur

Min 100%NE1/4 SW1/4 10

40.00

0%Sur

Min 100%NW1/4 SW1/4 10

40.00

0%Sur

Min 100%SE1/4 SW1/4 10

Midland CountyT15N R02W

80720 113 $70.00 $5,600.00 4374440.00

100%Sur

Min 100%SE1/4 SW1/4 20

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 161 of 341

Page 169: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Midland CountyT15N R02W

(Continued) 80720 113 $70.00 $5,600.00 4374440.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

20

40721 113 $75.00 $3,000.00 4374540.00

100%Sur

Min 100%NW1/4 NE1/4 29

80722 113 $75.00 $6,000.00 4374640.00

100%Sur

Min 100%NW1/4 NW1/4 29

20.00

100%Sur

Min 100%S1/2 NE1/4 NW1/4 29

20.00

100%Sur

Min 100%The North 1/2 of the Northeast 1/4 of the Northwest 1/4 29

Midland CountyT16N R01W

40N- 723 105 $65.00 $2,600.00 N-4374740.00

100%Sur

Min 100%SW1/4 NE1/4 22

80724 105 $110.00 $8,800.00 437483.80

0%Sur

Min 100%15 N 505 ft of W 330 ft of NW1/4 SW1/4Subject to existing easements.

26

36.20

100%Sur

Min 100%15 NW1/4 SW1/4 except N 505 feet of W 330 feetSubject to existing easements.

26

40.00

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

26

120725 105 $110.00 $13,200.00 4374940.00

100%Sur

Min 100%NE1/4 SE1/4 27

40.00

100%Sur

Min 100%NW1/4 SE1/4 27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 162 of 341

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d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Midland CountyT16N R01W

(Continued) 120725 105 $110.00 $13,200.00 4374940.00

100%Sur

Min 100%SW1/4 SE1/4 27

120726 105 $110.00 $13,200.00 4375040.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%NW1/4 SW1/4 27

40.00

100%Sur

Min 100%SE1/4 SW1/4 27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 163 of 341

Page 171: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

171N- 727 102 $125.00 $21,375.00 N-4375140.00

100%Sur

Min 100%SW1/4 NE1/4 1

15.00

100%Sur

Min 100%Undivided 1/3 interestin NE1/4 NE1/4 1

15.01

100%Sur

Min 100%Undivided 1/3 interestin NW1/4 NE1/4 1

13.33

100%Sur

Min 100%Undivided 1/3 Interest in SE1/4 NE1/4 1

30.01

100%Sur

Min 100%Undivided 2/3 interest in NE1/4 NE1/4 1

30.01

100%Sur

Min 100%Undivided 2/3 interest in NW1/4 NE1/4 1

26.67

100%Sur

Min 100%Undivided 2/3 interest in SE1/4 NE1/4 1

171N- 728 102 $75.00 $12,825.00 N-4375245.02

100%Sur

Min 100%NE1/4 NW1/4 1

45.02

100%Sur

Min 100%NW1/4 NW1/4 1

40.00

100%Sur

Min 100%SE1/4 NW1/4 1

40.00

100%Sur

Min 100%SW1/4 NW1/4 1

160729 102 $125.00 $20,000.00 4375340.00

100%Sur

Min 100%15 NE1/4 SE1/4 1

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 1

40.00

100%Sur

Min 100%15 SE1/4 SE1/4 1

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 1

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 164 of 341

Page 172: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

120N- 730 102 $125.00 $15,000.00 N-4375440.00

100%Sur

Min 100%NE1/4 SW1/4 1

40.00

100%Sur

Min 100%NW1/4 SW1/4 1

40.00

100%Sur

Min 100%SE1/4 SW1/4 1

56N- 731 102 $100.00 $5,600.00 N-4375544.90

100%Sur

Min 100%NE1/4 NW1/4 2

11.10

100%Sur

Min 100%SE1/4 NW1/4 W of State RoadSubject to existing easements.

2

40N- 732 102 $75.00 $3,000.00 N-4375640.00

100%Sur

Min 100%SW1/4 SE1/4 2

32N- 733 102 $125.00 $4,000.00 N-4375731.60

100%Sur

Min 100%LOT 5 2

20N- 734 104 $200.00 $4,000.00 N-4375820.00

100%Sur

Min 100%E1/2 SE1/4 NE1/4 4

83735 102 $75.00 $6,225.00 4375942.29

100%Sur

Min 100%15 NE1/4 NW1/4 4

40.00

100%Sur

Min 100%SE1/4 NW1/4 4

80N- 736 102 $125.00 $10,000.00 N-4376040.00

100%Sur

Min 100%NE1/4 SE1/4 4

40.00

100%Sur

Min 100%NW1/4 SE1/4 4

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 165 of 341

Page 173: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

80N- 737 102 $75.00 $6,000.00 N-4376140.00

100%Sur

Min 100%NE1/4 SW1/4 4

40.00

100%Sur

Min 100%SE1/4 SW1/4 4

40738 102 $75.00 $3,000.00 4376240.00

100%Sur

Min 100%NW1/4 NW1/4 9

120N- 739 102 $75.00 $9,000.00 N-4376340.00

100%Sur

Min 100%NE1/4 NW1/4 10

40.00

100%Sur

Min 100%SE1/4 NW1/4 10

40.00

100%Sur

Min 100%SW1/4 NW1/4 10

80N- 740 102 $125.00 $10,000.00 N-4376440.00

100%Sur

Min 100%NE1/4 SE1/4 10

40.00

100%Sur

Min 100%NW1/4 SE1/4 10

160N- 741 102 $125.00 $20,000.00 N-4376540.00

100%Sur

Min 100%NE1/4 SW1/4 10

40.00

100%Sur

Min 100%NW1/4 SW1/4 10

40.00

100%Sur

Min 100%SE1/4 SW1/4 10

40.00

100%Sur

Min 100%SW1/4 SW1/4 10

80742 102 $125.00 $10,000.00 4376640.00

100%Sur

Min 100%15 NE1/4 SW1/4 11

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 166 of 341

Page 174: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

(Continued) 80742 102 $125.00 $10,000.00 4376640.00

100%Sur

Min 100%15 SE1/4 SW1/4 11

120N- 743 102 $75.00 $9,000.00 N-4376740.00

100%Sur

Min 100%NE1/4 NE1/4 12

40.00

100%Sur

Min 100%NW1/4 NE1/4 12

40.00

100%Sur

Min 100%SW1/4 NE1/4 12

63N- 744 102 $75.00 $4,725.00 N-4376818.40

100%Sur

Min 100%LOT 7 12

4.00

100%Sur

Min 100%LOT 9 12

40.00

100%Sur

Min 100%NE1/4 SE1/4 12

80745 102 $125.00 $10,000.00 4376940.00

100%Sur

Min 100%15 SE1/4 SW1/4 12

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 12

19N- 746 102 $125.00 $2,375.00 N-4377018.40

100%Sur

Min 100%LOT 3 (N1/2 SW) 12

23N- 747 102 $175.00 $4,025.00 N-4377122.50

100%Sur

Min 100%LOT 1 13

40N- 748 102 $75.00 $3,000.00 N-4377240.00

100%Sur

Min 100%NW1/4 NW1/4 13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 167 of 341

Page 175: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

40N- 749 102 $75.00 $3,000.00 N-4377340.00

100%Sur

Min 100%SE1/4 SE1/4 13

120750 102 $125.00 $15,000.00 4377440.00

100%Sur

Min 100%15 NE1/4 SW1/4 13

40.00

100%Sur

Min 100%15 NW1/4 SW1/4 13

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 13

80751 102 $175.00 $14,000.00 4377540.00

100%Sur

Min 100%15 NE1/4 NE1/4 14

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 14

80N- 752 102 $75.00 $6,000.00 N-4377640.00

100%Sur

Min 100%NE1/4 NW1/4 14

40.00

100%Sur

Min 100%NW1/4 NW1/4 14

80753 102 $75.00 $6,000.00 4377740.00

100%Sur

Min 100%15 NE1/4 SE1/4 14

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 14

160N- 754 102 $125.00 $20,000.00 N-4377840.00

100%Sur

Min 100%NE1/4 SW1/4 14

40.00

100%Sur

Min 100%NW1/4 SW1/4 14

40.00

100%Sur

Min 100%SE1/4 SW1/4 14

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 168 of 341

Page 176: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

(Continued) 160N- 754 102 $125.00 $20,000.00 N-4377840.00

100%Sur

Min 100%SW1/4 SW1/4 14

160N- 755 102 $125.00 $20,000.00 N-4377940.00

100%Sur

Min 100%NE1/4 NE1/4 15

40.00

100%Sur

Min 100%NW1/4 NE1/4 15

40.00

100%Sur

Min 100%SE1/4 NE1/4 15

40.00

100%Sur

Min 100%SW1/4 NE1/4 15

160756 102 $75.00 $12,000.00 4378040.00

100%Sur

Min 100%15 NE1/4 NW1/4 15

40.00

100%Sur

Min 100%15 NW1/4 NW1/4 15

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 15

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 15

160N- 757 102 $125.00 $20,000.00 N-4378140.00

100%Sur

Min 100%NE1/4 SE1/4 15

40.00

100%Sur

Min 100%NW1/4 SE1/4 15

40.00

100%Sur

Min 100%SE1/4 SE1/4 15

40.00

100%Sur

Min 100%SW1/4 SE1/4 15

160758 102 $125.00 $20,000.00 4378240.00

100%Sur

Min 100%15 NE1/4 SW1/4 15

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 169 of 341

Page 177: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

(Continued) 160758 102 $125.00 $20,000.00 4378240.00

100%Sur

Min 100%15 NW1/4 SW1/4 15

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 15

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 15

160759 102 $125.00 $20,000.00 4378340.00

100%Sur

Min 100%15 NE1/4 NE1/4 16

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 16

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 16

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 16

80N- 760 102 $125.00 $10,000.00 N-4378440.00

100%Sur

Min 100%NE1/4 NW1/4 16

40.00

100%Sur

Min 100%SE1/4 NW1/4 16

160N- 761 102 $125.00 $20,000.00 N-4378540.00

100%Sur

Min 100%NE1/4 SE1/4 16

40.00

100%Sur

Min 100%NW1/4 SE1/4 16

40.00

100%Sur

Min 100%SE1/4 SE1/4 16

40.00

100%Sur

Min 100%SW1/4 SE1/4 16

80762 102 $125.00 $10,000.00 4378640.00

100%Sur

Min 100%15 NE1/4 SW1/4 16

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 170 of 341

Page 178: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

(Continued) 80762 102 $125.00 $10,000.00 4378640.00

100%Sur

Min 100%15 SE1/4 SW1/4 16

160763 102 $125.00 $20,000.00 4378740.00

100%Sur

Min 100%15 NE1/4 NE1/4 21

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 21

40.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%15 SW1/4 NE1/4Subject to existing easements.

21

160764 102 $125.00 $20,000.00 4378840.00

100%Sur

Min 100%15 NE1/4 NW1/4 21

40.00

100%Sur

Min 100%15 NW1/4 NW1/4 21

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 21

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 21

160N- 765 102 $125.00 $20,000.00 N-4378940.00

100%Sur

Min 100%NE1/4 NE1/4 22

40.00

100%Sur

Min 100%NW1/4 NE1/4 22

40.00

100%Sur

Min 100%SE1/4 NE1/4 22

40.00

100%Sur

Min 100%SW1/4 NE1/4 22

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 171 of 341

Page 179: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

160766 102 $125.00 $20,000.00 4379040.00

100%Sur

Min 100%15 NE1/4 NW1/4 22

40.00

100%Sur

Min 100%15 NW1/4 NW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 22

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 22

160N- 767 102 $125.00 $20,000.00 N-4379140.00

100%Sur

Min 100%NE1/4 SE1/4 22

40.00

100%Sur

Min 100%NW1/4 SE1/4 22

40.00

100%Sur

Min 100%SE1/4 SE1/4 22

40.00

100%Sur

Min 100%SW1/4 SE1/4 22

160N- 768 102 $125.00 $20,000.00 N-4379240.00

100%Sur

Min 100%NE1/4 SW1/4 22

40.00

100%Sur

Min 100%NW1/4 SW1/4 22

40.00

100%Sur

Min 100%SE1/4 SW1/4 22

40.00

100%Sur

Min 100%SW1/4 SW1/4 22

160769 102 $125.00 $20,000.00 4379340.00

100%Sur

Min 100%NE1/4 NE1/4 23

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 23

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 172 of 341

Page 180: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

(Continued) 160769 102 $125.00 $20,000.00 4379340.00

100%Sur

Min 100%SE1/4 NE1/4 23

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 23

160N- 770 102 $125.00 $20,000.00 N-4379440.00

100%Sur

Min 100%NE1/4 NW1/4 23

40.00

100%Sur

Min 100%NW1/4 NW1/4 23

40.00

100%Sur

Min 100%SE1/4 NW1/4 23

40.00

100%Sur

Min 100%SW1/4 NW1/4 23

160771 102 $175.00 $28,000.00 4379540.00

100%Sur

Min 100%NE1/4 SE1/4 23

40.00

100%Sur

Min 100%NW1/4 SE1/4 23

40.00

100%Sur

Min 100%SE1/4 SE1/4 23

40.00

100%Sur

Min 100%SW1/4 SE1/4 23

80N- 772 102 $125.00 $10,000.00 N-4379640.00

100%Sur

Min 100%NE1/4 SW1/4 23

40.00

100%Sur

Min 100%NW1/4 SW1/4 23

160773 102 $125.00 $20,000.00 4379740.00

100%Sur

Min 100%15 NE1/4 NE1/4 24

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 24

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 173 of 341

Page 181: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

(Continued) 160773 102 $125.00 $20,000.00 4379740.00

100%Sur

Min 100%15 SE1/4 NE1/4 24

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 24

160N- 774 102 $125.00 $20,000.00 N-4379840.00

100%Sur

Min 100%NE1/4 SE1/4 24

40.00

100%Sur

Min 100%NW1/4 SE1/4 24

40.00

100%Sur

Min 100%SE1/4 SE1/4 24

40.00

100%Sur

Min 100%SW1/4 SE1/4 24

160775 102 $125.00 $20,000.00 4379940.00

100%Sur

Min 100%15 NE1/4 SW1/4 24

40.00

100%Sur

Min 100%NW1/4 SW1/4 24

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 24

40.00

100%Sur

Min 100%SW1/4 SW1/4 24

160N- 776 102 $125.00 $20,000.00 N-4380040.00

100%Sur

Min 100%NE1/4 NE1/4 25

40.00

100%Sur

Min 100%NW1/4 NE1/4 25

40.00

100%Sur

Min 100%SE1/4 NE1/4 25

40.00

100%Sur

Min 100%SW1/4 NE1/4 25

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 174 of 341

Page 182: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

160777 102 $125.00 $20,000.00 4380140.00

100%Sur

Min 100%15 NE1/4 NW1/4 25

40.00

100%Sur

Min 100%NW1/4 NW1/4 25

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 25

40.00

100%Sur

Min 100%SW1/4 NW1/4 25

160N- 778 102 $125.00 $20,000.00 N-4380240.00

100%Sur

Min 100%NE1/4 SE1/4 25

40.00

100%Sur

Min 100%NW1/4 SE1/4 25

40.00

100%Sur

Min 100%SE1/4 SE1/4 25

40.00

100%Sur

Min 100%SW1/4 SE1/4 25

80779 102 $125.00 $10,000.00 4380340.00

100%Sur

Min 100%15 SE1/4 SW1/4 25

40.00

100%Sur

Min 100%SW1/4 SW1/4 25

160780 102 $125.00 $20,000.00 4380440.00

100%Sur

Min 100%NE1/4 NE1/4 26

40.00

100%Sur

Min 100%NW1/4 NE1/4 26

40.00

100%Sur

Min 100%SE1/4 NE1/4 26

40.00

100%Sur

Min 100%SW1/4 NE1/4 26

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 175 of 341

Page 183: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

160781 102 $125.00 $20,000.00 4380540.00

100%Sur

Min 100%NE1/4 SE1/4 26

40.00

100%Sur

Min 100%NW1/4 SE1/4 26

40.00

100%Sur

Min 100%SE1/4 SE1/4 26

40.00

100%Sur

Min 100%SW1/4 SE1/4 26

120782 102 $125.00 $15,000.00 4380640.00

100%Sur

Min 100%NE1/4 NE1/4 27

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 27

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 27

160783 102 $125.00 $20,000.00 4380740.00

100%Sur

Min 100%NE1/4 SE1/4 27

40.00

100%Sur

Min 100%NW1/4 SE1/4 27

40.00

100%Sur

Min 100%15 SE1/4 SE1/4 27

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 27

40N- 784 102 $125.00 $5,000.00 N-4380840.00

100%Sur

Min 100%SE1/4 SW1/4 27

120785 102 $125.00 $15,000.00 4380940.00

100%Sur

Min 100%15 NW1/4 NE1/4 33

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 176 of 341

Page 184: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

(Continued) 120785 102 $125.00 $15,000.00 4380940.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%15 SW1/4 NE1/4Subject to existing easements.

33

40N- 786 102 $125.00 $5,000.00 N-4381040.00

100%Sur

Min 100%NE1/4 NW1/4 33

80N- 787 102 $125.00 $10,000.00 N-4381140.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

33

120788 102 $125.00 $15,000.00 4381240.00

100%Sur

Min 100%15 NW1/4 SW1/4 33

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 33

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 33

80789 102 $125.00 $10,000.00 4381340.00

100%Sur

Min 100%NE1/4 NE1/4 34

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 34

80790 102 $125.00 $10,000.00 4381440.00

100%Sur

Min 100%15 NW1/4 SE1/4 34

40.00

100%Sur

Min 100%SW1/4 SE1/4 34

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 177 of 341

Page 185: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

160791 102 $125.00 $20,000.00 4381540.00

100%Sur

Min 100%NE1/4 NE1/4 35

40.00

100%Sur

Min 100%NW1/4 NE1/4 35

40.00

100%Sur

Min 100%SE1/4 NE1/4 35

40.00

100%Sur

Min 100%SW1/4 NE1/4 35

80N- 792 102 $125.00 $10,000.00 N-4381640.00

100%Sur

Min 100%NW1/4 SE1/4 35

40.00

100%Sur

Min 100%SW1/4 SE1/4 35

160793 102 $125.00 $20,000.00 4381740.00

100%Sur

Min 100%15 NE1/4 SW1/4 35

40.00

100%Sur

Min 100%NW1/4 SW1/4 35

40.00

100%Sur

Min 100%SE1/4 SW1/4 35

40.00

100%Sur

Min 100%SW1/4 SW1/4 35

160N- 794 102 $125.00 $20,000.00 N-4381840.00

100%Sur

Min 100%NE1/4 NE1/4 36

40.00

100%Sur

Min 100%NW1/4 NE1/4 36

40.00

100%Sur

Min 100%SE1/4 NE1/4 36

40.00

100%Sur

Min 100%SW1/4 NE1/4 36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 178 of 341

Page 186: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R05W

160795 102 $125.00 $20,000.00 4381940.00

100%Sur

Min 100%NE1/4 NW1/4 36

40.00

100%Sur

Min 100%NW1/4 NW1/4 36

40.00

100%Sur

Min 100%SE1/4 NW1/4 36

40.00

100%Sur

Min 100%SW1/4 NW1/4 36

60N- 796 102 $125.00 $7,500.00 N-4382020.00

100%Sur

Min 100%LOT 5 (SW1/4 SE1/4 N of River) 36

40.00

100%Sur

Min 100%NW1/4 SE1/4 36

40797 102 $125.00 $5,000.00 4382140.00

100%Sur

Min 100%15 NW1/4 SW1/4 36

Missaukee CountyT21N R06W

80798 109 $205.00 $16,400.00 4382240.00

100%Sur

Min 100%15 SE1/4 SE1/4 11

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 11

20799 109 $205.00 $4,100.00 4382320.00

100%Sur

Min 100%315

S1/2 NE1/4 SW1/4 11

40800 109 $200.00 $8,000.00 4382440.00

100%Sur

Min 100%15 SW1/4 NE1/4 13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 179 of 341

Page 187: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R06W

80N- 801 109 $200.00 $16,000.00 N-4382540.00

100%Sur

Min 100%NE1/4 NE1/4 13

40.00

100%Sur

Min 100%NW1/4 NE1/4 13

80802 109 $200.00 $16,000.00 4382640.00

100%Sur

Min 100%15 NW1/4 NW1/4 13

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 13

80N- 803 109 $200.00 $16,000.00 N-4382740.00

100%Sur

Min 100%NE1/4 NW1/4 13

40.00

100%Sur

Min 100%SE1/4 NW1/4 13

40804 109 $200.00 $8,000.00 4382840.00

100%Sur

Min 100%15 NW1/4 SE1/4 13

80N- 805 109 $200.00 $16,000.00 N-4382940.00

100%Sur

Min 100%NE1/4 SE1/4 13

40.00

100%Sur

Min 100%SE1/4 SE1/4 13

160806 109 $200.00 $32,000.00 4383040.00

100%Sur

Min 100%15 NE1/4 SW1/4 13

40.00

100%Sur

Min 100%15 NW1/4 SW1/4 13

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 13

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 180 of 341

Page 188: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R06W

80807 109 $200.00 $16,000.00 4383140.00

100%Sur

Min 100%15 SE1/4 NE1/4 14

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 14

80808 109 $200.00 $16,000.00 4383240.00

100%Sur

Min 100%15 SE1/4 NW1/4 14

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 14

120N- 809 109 $200.00 $24,000.00 N-4383340.00

100%Sur

Min 100%NE1/4 SE1/4 14

40.00

100%Sur

Min 100%NW1/4 SE1/4 14

40.00

100%Sur

Min 100%SE1/4 SE1/4 14

40N- 810 109 $200.00 $8,000.00 N-4383440.00

100%Sur

Min 100%SE1/4 NE1/4 23

120811 109 $200.00 $24,000.00 4383540.00

100%Sur

Min 100%15 NW1/4 SE1/4 23

40.00

100%Sur

Min 100%15 SE1/4 SE1/4 23

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 23

40N- 812 109 $200.00 $8,000.00 N-4383640.00

100%Sur

Min 100%NE1/4 SE1/4 23

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 181 of 341

Page 189: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R06W

40N- 813 109 $200.00 $8,000.00 N-4383740.00

100%Sur

Min 100%SE1/4 SW1/4 23

120814 109 $200.00 $24,000.00 4383840.00

100%Sur

Min 100%NE1/4 NE1/4 24

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 24

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 24

160N- 815 109 $200.00 $32,000.00 N-4383940.00

100%Sur

Min 100%NE1/4 NW1/4 24

40.00

100%Sur

Min 100%NW1/4 NW1/4 24

40.00

100%Sur

Min 100%SE1/4 NW1/4 24

40.00

100%Sur

Min 100%SW1/4 NW1/4 24

80816 109 $200.00 $16,000.00 4384040.00

100%Sur

Min 100%15 NW1/4 SW1/4 24

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 24

80N- 817 109 $200.00 $16,000.00 N-4384140.00

100%Sur

Min 100%NE1/4 SW1/4 24

40.00

100%Sur

Min 100%SE1/4 SW1/4 24

80N- 818 109 $200.00 $16,000.00 N-4384240.00

100%Sur

Min 100%NW1/4 NE1/4 26

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 182 of 341

Page 190: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT21N R06W

(Continued) 80N- 818 109 $200.00 $16,000.00 N-4384240.00

100%Sur

Min 100%23 SW1/4 NE1/4Subject to existing easements.

26

80819 109 $200.00 $16,000.00 4384340.00

100%Sur

Min 100%15 NW1/4 NW1/4 26

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 26

80N- 820 109 $200.00 $16,000.00 N-4384440.00

100%Sur

Min 100%NE1/4 NW1/4 26

40.00

100%Sur

Min 100%SE1/4 NW1/4 26

Missaukee CountyT22N R05W

160N- 821 102 $125.00 $20,000.00 N-4384540.00

100%Sur

Min 100%NE1/4 NE1/4 26

40.00

100%Sur

Min 100%NW1/4 NE1/4 26

40.00

100%Sur

Min 100%SE1/4 NE1/4 26

40.00

100%Sur

Min 100%SW1/4 NE1/4 26

158N- 822 102 $125.00 $19,750.00 N-4384639.13

100%Sur

Min 100%LOT 6 26

38.34

100%Sur

Min 100%LOT 7 26

40.00

100%Sur

Min 100%NE1/4 NW1/4 26

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 183 of 341

Page 191: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT22N R05W

(Continued) 158N- 822 102 $125.00 $19,750.00 N-4384640.00

100%Sur

Min 100%SE1/4 NW1/4 26

40823 102 $125.00 $5,000.00 4384740.00

100%Sur

Min 100%15 SW1/4 SE1/4 26

80N- 824 102 $175.00 $14,000.00 N-4384840.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SE1/4 SE1/4 26

72N- 825 102 $175.00 $12,600.00 N-4384931.84

100%Sur

Min 100%LOT 1 26

40.00

100%Sur

Min 100%SE1/4 SW1/4 26

40826 102 $175.00 $7,000.00 4385040.00

100%Sur

Min 100%15 NW1/4 NE1/4 27

40N- 827 102 $175.00 $7,000.00 N-4385140.00

100%Sur

Min 100%SW1/4 NE1/4 27

160N- 828 102 $125.00 $20,000.00 N-4385240.00

100%Sur

Min 100%NE1/4 NW1/4 27

40.00

100%Sur

Min 100%NW1/4 NW1/4 27

40.00

100%Sur

Min 100%SE1/4 NW1/4 27

40.00

100%Sur

Min 100%SW1/4 NW1/4 27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 184 of 341

Page 192: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT22N R05W

40N- 829 102 $175.00 $7,000.00 N-4385340.00

100%Sur

Min 100%NE1/4 SW1/4 27

120N- 830 102 $175.00 $21,000.00 N-4385440.00

100%Sur

Min 100%NE1/4 NE1/4 35

40.00

100%Sur

Min 100%NW1/4 NE1/4 35

40.00

100%Sur

Min 100%SE1/4 NE1/4 35

79N- 831 102 $175.00 $13,825.00 N-4385538.88

100%Sur

Min 100%LOT 3 35

40.00

100%Sur

Min 100%NE1/4 NW1/4 35

80N- 832 102 $175.00 $14,000.00 N-4385640.00

100%Sur

Min 100%NE1/4 SE1/4 35

40.00

100%Sur

Min 100%NW1/4 SE1/4 35

160833 103 $200.00 $32,000.00 4385740.00

100%Sur

Min 100%15 NE1/4 NE1/4 36

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 36

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 36

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 36

160N- 834 102 $175.00 $28,000.00 N-4385840.00

100%Sur

Min 100%NE1/4 NW1/4 36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 185 of 341

Page 193: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT22N R05W

(Continued) 160N- 834 102 $175.00 $28,000.00 N-4385840.00

100%Sur

Min 100%NW1/4 NW1/4 36

40.00

100%Sur

Min 100%SE1/4 NW1/4 36

40.00

100%Sur

Min 100%SW1/4 NW1/4 36

160N- 835 102 $125.00 $20,000.00 N-4385940.00

100%Sur

Min 100%NE1/4 SE1/4 36

40.00

100%Sur

Min 100%NW1/4 SE1/4 36

40.00

100%Sur

Min 100%SE1/4 SE1/4 36

40.00

100%Sur

Min 100%SW1/4 SE1/4 36

160N- 836 102 $175.00 $28,000.00 N-4386040.00

100%Sur

Min 100%NE1/4 SW1/4 36

40.00

100%Sur

Min 100%NW1/4 SW1/4 36

40.00

100%Sur

Min 100%SE1/4 SW1/4 36

40.00

100%Sur

Min 100%SW1/4 SW1/4 36

Missaukee CountyT23N R05W

119N- 837 102 $125.00 $14,875.00 N-4386138.60

100%Sur

Min 100%NW1/4 NE1/4 3

40.00

100%Sur

Min 100%SE1/4 NE1/4 3

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 186 of 341

Page 194: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT23N R05W

(Continued) 119N- 837 102 $125.00 $14,875.00 N-4386140.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

3

159N- 838 102 $175.00 $27,825.00 N-4386238.90

100%Sur

Min 100%NE1/4 NW1/4 3

39.19

100%Sur

Min 100%NW1/4 NW1/4 3

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

3

80N- 839 102 $175.00 $14,000.00 N-4386340.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

3

160840 102 $175.00 $28,000.00 4386440.00

100%Sur

Min 100%15 NE1/4 SW1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 3

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 3

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 187 of 341

Page 195: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT23N R05W

80N- 841 102 $175.00 $14,000.00 N-4386540.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

4

161N- 842 102 $85.00 $13,685.00 N-4386639.91

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

4

40.15

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

4

120843 102 $175.00 $21,000.00 4386740.00

100%Sur

Min 100%15 NE1/4 SW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%SE1/4 SW1/4 4

40.00

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

4

40N- 844 102 $175.00 $7,000.00 N-4386840.00

100%Sur

Min 100%SE1/4 NE1/4 5

82845 103 $200.00 $16,400.00 4386941.36

100%Sur

Min 100%15 NW1/4 NW1/4 5

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 188 of 341

Page 196: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT23N R05W

(Continued) 82845 103 $200.00 $16,400.00 4386940.00

100%Sur

Min 100%15 SE1/4 NW1/4 5

40N- 846 102 $125.00 $5,000.00 N-4387040.00

100%Sur

Min 100%SW1/4 NW1/4 5

160N- 847 102 $175.00 $28,000.00 N-4387140.00

100%Sur

Min 100%NE1/4 SE1/4 5

40.00

100%Sur

Min 100%NW1/4 SE1/4 5

40.00

100%Sur

Min 100%SE1/4 SE1/4 5

40.00

100%Sur

Min 100%SW1/4 SE1/4 5

160N- 848 102 $125.00 $20,000.00 N-4387240.00

100%Sur

Min 100%NE1/4 SW1/4 5

40.00

100%Sur

Min 100%NW1/4 SW1/4 5

40.00

100%Sur

Min 100%SE1/4 SW1/4 5

40.00

100%Sur

Min 100%SW1/4 SW1/4 5

160849 102 $175.00 $28,000.00 4387340.00

100%Sur

Min 100%15 NE1/4 NE1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%15 NW1/4 NE1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

9

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 189 of 341

Page 197: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT23N R05W

(Continued) 160849 102 $175.00 $28,000.00 4387340.00

100%Sur

Min 100%15 SW1/4 NE1/4Subject to existing easements.

9

40N- 850 102 $175.00 $7,000.00 N-4387440.00

100%Sur

Min 100%NW1/4 SE1/4 9

40N- 851 102 $175.00 $7,000.00 N-4387540.00

100%Sur

Min 100%SE1/4 NW1/4 10

40N- 852 102 $175.00 $7,000.00 N-4387640.00

100%Sur

Min 100%SW1/4 SE1/4 10

120853 102 $125.00 $15,000.00 4387740.00

100%Sur

Min 100%15 NE1/4 SW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 10

40N- 854 102 $175.00 $7,000.00 N-4387840.00

100%Sur

Min 100%SW1/4 SW1/4 10

Missaukee CountyT24N R05W

117855 102 $175.00 $20,475.00 4387958.25

100%Sur

Min 100%1520

NE1/4 NE1/4Subject to existing easements.

1

58.12

100%Sur

Min 100%1520

NW1/4 NE1/4Subject to existing easements.

1

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 190 of 341

Page 198: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

157856 102 $175.00 $27,475.00 4388058.00

100%Sur

Min 100%1520

NE1/4 NE1/4 3

58.42

100%Sur

Min 100%1520

NW1/4 NE1/4 3

40.00

100%Sur

Min 100%1520

SW1/4 NE1/4 3

140N- 857 102 $175.00 $24,500.00 N-4388159.34

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%SE1/4 NW1/4 3

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

3

80N- 858 102 $175.00 $14,000.00 N-4388240.00

100%Sur

Min 100%NE1/4 SW1/4 3

40.00

100%Sur

Min 100%NW1/4 SW1/4 3

40859 103 $200.00 $8,000.00 4388340.00

100%Sur

Min 100%151649

SE1/4 NE1/4Subject to existing easements.

4

143N- 860 103 $200.00 $28,600.00 N-4388448.34

100%Sur

Min 100%LOT 4 (NW1/4 NE1/4) 4

59.31

100%Sur

Min 100%NE1/4 NE1/4 4

35.00

100%Sur

Min 100%That part of LOT 3 lying in the NE/4, Section 4, T24N,R05W

4

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 191 of 341

Page 199: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

116N- 861 103 $200.00 $23,200.00 N-4388538.93

100%Sur

Min 100%LOT 5 (NE1/4 NW1/4) 4

56.43

100%Sur

Min 100%LOT 6 (NW1/4 NW1/4) 4

20.32

100%Sur

Min 100%LOT 7 (SW1/4 NW1/4) 4

40N- 862 103 $200.00 $8,000.00 N-4388640.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

4

59N- 863 103 $200.00 $11,800.00 N-4388726.88

100%Sur

Min 100%Lot 2 4

31.14

100%Sur

Min 100%LOT 1 S of Lake 4

194864 103 $200.00 $38,800.00 4388839.88

100%Sur

Min 100%151649

Government LOT 1 5

57.17

100%Sur

Min 100%151649

NE1/4 NE1/4 5

56.35

100%Sur

Min 100%1516

NW1/4 NE1/4 5

40.00

100%Sur

Min 100%151649

SW1/4 NE1/4 5

191N- 865 103 $200.00 $38,200.00 N-4388955.53

100%Sur

Min 100%NE1/4 NW1/4 5

54.71

100%Sur

Min 100%NW1/4 NW1/4 5

40.00

100%Sur

Min 100%SE1/4 SW1/4 5

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 192 of 341

Page 200: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

(Continued) 191N- 865 103 $200.00 $38,200.00 N-4388940.00

100%Sur

Min 100%SW1/4 NW1/4 5

128N- 866 103 $200.00 $25,600.00 N-4389031.35

100%Sur

Min 100%Government LOT 3 5

16.65

100%Sur

Min 100%GovernmentLOT 2 5

40.00

100%Sur

Min 100%NW1/4 SE1/4 5

40.00

100%Sur

Min 100%SW1/4 SE1/4 5

120867 103 $200.00 $24,000.00 4389140.00

100%Sur

Min 100%1516

NE1/4 SW1/4 5

40.00

100%Sur

Min 100%1516

SE1/4 SW1/4 5

40.00

100%Sur

Min 100%1516

SW1/4 SW1/4 5

40N- 868 103 $200.00 $8,000.00 N-4389240.00

100%Sur

Min 100%NW1/4 SW1/4 5

188869 103 $200.00 $37,600.00 4389354.04

100%Sur

Min 100%1519

NE1/4 NE1/4 6

53.51

100%Sur

Min 100%1519

NW1/4 NE1/4 6

40.00

100%Sur

Min 100%151949

SE1/4 NE1/4 6

40.00

100%Sur

Min 100%151949

SW1/4 NE1/4 6

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 193 of 341

Page 201: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

166870 103 $200.00 $33,200.00 4389452.97

100%Sur

Min 100%1519

NE1/4 NW1/4 6

42.04

100%Sur

Min 100%1519

NW1/4 NW1/4 6

40.00

100%Sur

Min 100%151949

SE1/4 NW1/4 6

30.57

100%Sur

Min 100%1519

SW1/4 NW1/4 6

160N- 871 103 $200.00 $32,000.00 N-4389540.00

100%Sur

Min 100%NE1/4 SE1/4 6

40.00

100%Sur

Min 100%NW1/4 SE1/4 6

40.00

100%Sur

Min 100%SE1/4 SE1/4 6

40.00

100%Sur

Min 100%SW1/4 SE1/4 6

97N- 872 103 $200.00 $19,400.00 N-4389628.95

100%Sur

Min 100%NW1/4 SW1/4 6

40.00

100%Sur

Min 100%SE1/4 SW1/4 6

27.33

100%Sur

Min 100%SW1/4 SW1/4 6

160N- 873 103 $200.00 $32,000.00 N-4389740.00

100%Sur

Min 100%NE1/4 NE1/4 7

40.00

100%Sur

Min 100%NW1/4 NE1/4 7

40.00

100%Sur

Min 100%SE1/4 NE1/4 7

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 194 of 341

Page 202: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

(Continued) 160N- 873 103 $200.00 $32,000.00 N-4389740.00

100%Sur

Min 100%SW1/4 NE1/4 7

106N- 874 103 $200.00 $21,200.00 N-4389840.00

100%Sur

Min 100%NE1/4 NW1/4 7

25.81

100%Sur

Min 100%NW1/4 NW1/4 7

40.00

100%Sur

Min 100%SE1/4 NW1/4 7

120875 103 $200.00 $24,000.00 4389940.00

100%Sur

Min 100%1549

NE1/4 SE1/4 7

40.00

100%Sur

Min 100%1549

SE1/4 SE1/4Subject to existing easements.

7

40.00

100%Sur

Min 100%1549

SW1/4 SE1/4Subject to existing easements.

7

40N- 876 103 $200.00 $8,000.00 N-4390040.00

100%Sur

Min 100%NW1/4 SE1/4 7

62877 103 $200.00 $12,400.00 4390140.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

7

21.52

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

7

63N- 878 103 $200.00 $12,600.00 N-4390240.00

100%Sur

Min 100%NW1/4 SW1/4 7

22.95

100%Sur

Min 100%NW1/4 SW1/4 7

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 195 of 341

Page 203: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

120N- 879 103 $200.00 $24,000.00 N-4390340.00

100%Sur

Min 100%NE1/4 NE1/4 8

40.00

100%Sur

Min 100%NW1/4 NE1/4 8

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

8

160880 103 $200.00 $32,000.00 4390440.00

100%Sur

Min 100%1549

NE1/4 NW1/4 8

40.00

100%Sur

Min 100%1520

NW1/4 NW1/4 8

40.00

100%Sur

Min 100%15 SE1/4 NW1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%15 SW1/4 NW1/4Subject to existing easements.

8

160881 103 $200.00 $32,000.00 4390540.00

100%Sur

Min 100%1549

NE1/4 SE1/4 8

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 8

40.00

100%Sur

Min 100%15 SE1/4 SE1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%15 SW1/4 SE1/4Subject to existing easements.

8

160N- 882 103 $200.00 $32,000.00 N-4390640.00

100%Sur

Min 100%NE1/4 SW1/4 8

40.00

100%Sur

Min 100%NW1/4 SW1/4 8

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 196 of 341

Page 204: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

(Continued) 160N- 882 103 $200.00 $32,000.00 N-4390640.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

8

160883 103 $200.00 $32,000.00 4390740.00

100%Sur

Min 100%15 NE1/4 NE1/4 17

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 17

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 17

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 17

160884 103 $200.00 $32,000.00 4390840.00

100%Sur

Min 100%15 NE1/4 NW1/4 17

40.00

100%Sur

Min 100%15 NW1/4 NW1/4 17

40.00

100%Sur

Min 100%1549

SE1/4 NW1/4 17

40.00

100%Sur

Min 100%1549

SW1/4 NW1/4 17

160N- 885 103 $200.00 $32,000.00 N-4390940.00

100%Sur

Min 100%NE1/4 SE1/4 17

40.00

100%Sur

Min 100%NW1/4 SE1/4 17

40.00

100%Sur

Min 100%SE1/4 SE1/4 17

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 197 of 341

Page 205: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

(Continued) 160N- 885 103 $200.00 $32,000.00 N-4390940.00

100%Sur

Min 100%SW1/4 SE1/4 17

120N- 886 103 $200.00 $24,000.00 N-4391040.00

100%Sur

Min 100%NW1/4 SW1/4 17

40.00

100%Sur

Min 100%SE1/4 SW1/4 17

40.00

100%Sur

Min 100%SW1/4 SW1/4 17

160887 103 $200.00 $32,000.00 4391140.00

100%Sur

Min 100%15 NE1/4 NE1/4 18

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 18

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 18

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 18

80N- 888 103 $200.00 $16,000.00 N-4391240.00

100%Sur

Min 100%NW1/4 NE1/4 19

40.00

100%Sur

Min 100%SE1/4 NE1/4 19

80N- 889 102 $140.00 $11,200.00 N-4391340.00

100%Sur

Min 100%SE1/4 SE1/4 19

40.00

100%Sur

Min 100%SW1/4 SE1/4 19

160N- 890 102 $175.00 $28,000.00 N-4391440.00

100%Sur

Min 100%NE1/4 NE1/4 27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 198 of 341

Page 206: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

(Continued) 160N- 890 102 $175.00 $28,000.00 N-4391440.00

100%Sur

Min 100%NW1/4 NE1/4 27

40.00

100%Sur

Min 100%SE1/4 NE1/4 27

40.00

100%Sur

Min 100%SW1/4 NE1/4 27

80891 102 $125.00 $10,000.00 4391540.00

100%Sur

Min 100%1549

NE1/4 NW1/4 27

40.00

100%Sur

Min 100%1549

SW1/4 NW1/4 27

80N- 892 102 $125.00 $10,000.00 N-4391640.00

100%Sur

Min 100%NW1/4 NW1/4 27

40.00

100%Sur

Min 100%SE1/4 NW1/4 27

160N- 893 102 $125.00 $20,000.00 N-4391740.00

100%Sur

Min 100%NE1/4 SE1/4 27

40.00

100%Sur

Min 100%NW1/4 SE1/4 27

40.00

100%Sur

Min 100%SE1/4 SE1/4 27

40.00

100%Sur

Min 100%SW1/4 SE1/4 27

120894 102 $125.00 $15,000.00 4391840.00

100%Sur

Min 100%1549

NE1/4 SW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%1549

NW1/4 SW1/4Subject to existing easements.

27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 199 of 341

Page 207: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

(Continued) 120894 102 $125.00 $15,000.00 4391840.00

100%Sur

Min 100%1549

SW1/4 SW1/4 27

40N- 895 102 $125.00 $5,000.00 N-4391940.00

100%Sur

Min 100%SE1/4 SW1/4 27

80896 102 $125.00 $10,000.00 4392040.00

100%Sur

Min 100%1549

SE1/4 NE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%1549

SW1/4 NE1/4 28

80N- 897 102 $125.00 $10,000.00 N-4392140.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%NW1/4 NE1/4 28

160N- 898 102 $175.00 $28,000.00 N-4392240.00

100%Sur

Min 100%NE1/4 NW1/4 28

40.00

100%Sur

Min 100%NW1/4 NW1/4 28

40.00

100%Sur

Min 100%SE1/4 NW1/4 28

40.00

100%Sur

Min 100%SW1/4 NW1/4 28

80899 102 $125.00 $10,000.00 4392340.00

100%Sur

Min 100%1549

NE1/4 SE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%1549

SE1/4 SE1/4Subject to existing easements.

28

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 200 of 341

Page 208: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

80N- 900 102 $125.00 $10,000.00 N-4392440.00

100%Sur

Min 100%NW1/4 SE1/4 28

40.00

100%Sur

Min 100%SW1/4 SE1/4 28

160N- 901 102 $175.00 $28,000.00 N-4392540.00

100%Sur

Min 100%NE1/4 SW1/4 28

40.00

100%Sur

Min 100%NW1/4 SW1/4 28

40.00

100%Sur

Min 100%SE1/4 SW1/4 28

40.00

100%Sur

Min 100%SW1/4 SW1/4 28

160N- 902 103 $200.00 $32,000.00 N-4392640.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%NW1/4 NE1/4 31

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

31

40903 103 $200.00 $8,000.00 4392740.00

100%Sur

Min 100%1549

NE1/4 NW1/4 31

40N- 904 103 $200.00 $8,000.00 N-4392840.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

31

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 201 of 341

Page 209: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

80905 103 $200.00 $16,000.00 4392940.00

100%Sur

Min 100%1549

NE1/4 SE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%15 SE1/4 SE1/4 31

120N- 906 103 $200.00 $24,000.00 N-4393040.00

100%Sur

Min 100%NE1/4 NE1/4 32

40.00

100%Sur

Min 100%NW1/4 NE1/4 32

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

32

120N- 907 103 $200.00 $24,000.00 N-4393140.00

100%Sur

Min 100%NE1/4 NW1/4 32

40.00

100%Sur

Min 100%NW1/4 NW1/4 32

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

32

40N- 908 103 $200.00 $8,000.00 N-4393240.00

100%Sur

Min 100%NE1/4 SE1/4 32

120909 103 $200.00 $24,000.00 4393340.00

100%Sur

Min 100%1549

NW1/4 SW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%1549

SE1/4 SW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

32

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 202 of 341

Page 210: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

160N- 910 102 $175.00 $28,000.00 N-4393440.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%NW1/4 NE1/4 33

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

33

120N- 911 102 $125.00 $15,000.00 N-4393540.00

100%Sur

Min 100%NE1/4 NW1/4 33

40.00

100%Sur

Min 100%NW1/4 NW1/4 33

40.00

100%Sur

Min 100%SE1/4 NW1/4 33

160912 102 $125.00 $20,000.00 4393640.00

100%Sur

Min 100%1549

NE1/4 SE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%1549

NW1/4 SE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%1549

SE1/4 SE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%1549

SW1/4 SE1/4Subject to existing easements.

33

80N- 913 102 $125.00 $10,000.00 N-4393740.00

100%Sur

Min 100%NE1/4 SW1/4 33

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 203 of 341

Page 211: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R05W

(Continued) 80N- 913 102 $125.00 $10,000.00 N-4393740.00

100%Sur

Min 100%NW1/4 SW1/4 33

80N- 914 102 $125.00 $10,000.00 N-4393840.00

100%Sur

Min 100%NW1/4 NE1/4 34

40.00

100%Sur

Min 100%SW1/4 NE1/4 34

80915 102 $125.00 $10,000.00 4393940.00

100%Sur

Min 100%1549

NE1/4 NW1/4 34

40.00

100%Sur

Min 100%1549

NW1/4 NW1/4Subject to existing easements.

34

80N- 916 102 $125.00 $10,000.00 N-4394040.00

100%Sur

Min 100%SE1/4 NW1/4 34

40.00

100%Sur

Min 100%SW1/4 NW1/4 34

80N- 917 102 $125.00 $10,000.00 N-4394140.00

100%Sur

Min 100%NW1/4 SE1/4 34

40.00

100%Sur

Min 100%SW1/4 SE1/4 34

160N- 918 102 $125.00 $20,000.00 N-4394240.00

100%Sur

Min 100%NE1/4 SW1/4 34

40.00

100%Sur

Min 100%NW1/4 SW1/4 34

40.00

100%Sur

Min 100%SE1/4 SW1/4 34

40.00

100%Sur

Min 100%SW1/4 SW1/4 34

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 204 of 341

Page 212: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R06W

186N- 919 103 $25.00 $4,650.00 N-4394352.46

100%Sur

Min 100%NE1/4 NE1/4 1

53.01

100%Sur

Min 100%NW1/4 NE1/4 1

40.00

100%Sur

Min 100%SE1/4 NE1/4 1

40.00

100%Sur

Min 100%SW1/4 NE1/4 1

188920 103 $13.00 $2,444.00 4394453.56

100%Sur

Min 100%15 NE1/4 NW1/4 1

54.12

100%Sur

Min 100%1549

NW1/4 NW1/4 1

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 1

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 1

120921 103 $13.00 $1,560.00 4394540.00

100%Sur

Min 100%15 NE1/4 SE1/4 1

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 1

40.00

100%Sur

Min 100%1549

SE1/4 SE1/4 1

40N- 922 103 $13.00 $520.00 N-4394640.00

100%Sur

Min 100%SW1/4 SE1/4 1

120N- 923 103 $13.00 $1,560.00 N-4394740.00

100%Sur

Min 100%NE1/4 SW1/4 1

40.00

100%Sur

Min 100%NW1/4 SW1/4 1

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 205 of 341

Page 213: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R06W

(Continued) 120N- 923 103 $13.00 $1,560.00 N-4394740.00

100%Sur

Min 100%SE1/4 SW1/4 1

188N- 924 103 $13.00 $2,444.00 N-4394854.08

100%Sur

Min 100%NE1/4 NE1/4 2

53.40

100%Sur

Min 100%NW1/4 NE1/4 2

40.00

100%Sur

Min 100%SE1/4 NE1/4 2

40.00

100%Sur

Min 100%SW1/4 NE1/4 2

40925 103 $65.00 $2,600.00 4394940.00

100%Sur

Min 100%1549

NE1/4 SE1/4 2

40N- 926 103 $13.00 $520.00 N-4395040.00

100%Sur

Min 100%NW1/4 SE1/4 2

80927 103 $13.00 $1,040.00 4395140.00

100%Sur

Min 100%1549

SE1/4 SW1/4 2

40.00

100%Sur

Min 100%1549

SW1/4 SW1/4 2

183928 103 $13.00 $2,379.00 4395251.53

100%Sur

Min 100%3151949

NE1/4 NE1/4 3

51.24

100%Sur

Min 100%1519

NW1/4 NE1/4 3

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4 3

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 206 of 341

Page 214: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R06W

(Continued) 183928 103 $13.00 $2,379.00 4395240.00

100%Sur

Min 100%1549

SW1/4 NE1/4 3

182N- 929 103 $13.00 $2,366.00 N-4395350.94

100%Sur

Min 100%NE1/4 NW1/4 3

50.55

100%Sur

Min 100%NW1/4 NW1/4 3

40.00

100%Sur

Min 100%SE1/4 NW1/4 3

40.00

100%Sur

Min 100%SW1/4 NW1/4 3

160N- 930 103 $13.00 $2,080.00 N-4395440.00

100%Sur

Min 100%NE1/4 SE1/4 3

40.00

100%Sur

Min 100%NW1/4 SE1/4 3

40.00

100%Sur

Min 100%SE1/4 SE1/4 3

40.00

100%Sur

Min 100%SW1/4 SE1/4 3

160931 103 $13.00 $2,080.00 4395540.00

100%Sur

Min 100%1519

NE1/4 SW1/4 3

40.00

100%Sur

Min 100%1519

NW1/4 SW1/4 3

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 3

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 3

181N- 932 103 $13.00 $2,353.00 N-4395650.50

100%Sur

Min 100%NE1/4 NE1/4 4

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 207 of 341

Page 215: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R06W

(Continued) 181N- 932 103 $13.00 $2,353.00 N-4395650.43

100%Sur

Min 100%NW1/4 NE1/4 4

40.00

100%Sur

Min 100%SE1/4 NE1/4 4

40.00

100%Sur

Min 100%SW1/4 NE1/4 4

181933 103 $13.00 $2,353.00 4395750.36

100%Sur

Min 100%15 NE1/4 NW1/4 4

50.30

100%Sur

Min 100%15 NW1/4 NW1/4 4

40.00

100%Sur

Min 100%1549

SE1/4 NW1/4 4

40.00

100%Sur

Min 100%1549

SW1/4 NW1/4 4

160934 103 $13.00 $2,080.00 4395840.00

100%Sur

Min 100%15 NE1/4 SE1/4 4

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 4

40.00

100%Sur

Min 100%15 SE1/4 SE1/4 4

40.00

100%Sur

Min 100%15 SW1/4 SE 1/4 4

160N- 935 103 $13.00 $2,080.00 N-4395940.00

100%Sur

Min 100%NE1/4 SW1/4 4

40.00

100%Sur

Min 100%NW1/4 SW1/4 4

40.00

100%Sur

Min 100%SE1/4 SW1/4 4

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 208 of 341

Page 216: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R06W

(Continued) 160N- 935 103 $13.00 $2,080.00 N-4395940.00

100%Sur

Min 100%SW1/4 SW1/4 4

181N- 936 103 $13.00 $2,353.00 N-4396050.14

100%Sur

Min 100%NE1/4 NE1/4 5

49.91

100%Sur

Min 100%NW1/4 NE1/4 5

40.00

100%Sur

Min 100%SE1/4 NE1/4 5

40.00

100%Sur

Min 100%SW1/4 NE1/4 5

180937 103 $13.00 $2,340.00 4396149.64

100%Sur

Min 100%1549

NE1/4 NW1/4 5

49.37

100%Sur

Min 100%15 NW1/4 NW1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 5

40.00

100%Sur

Min 100%15 SW1/4 NW1/4Subject to existing easements.

5

160938 103 $13.00 $2,080.00 4396240.00

100%Sur

Min 100%1549

NE1/4 SE1/4 5

40.00

100%Sur

Min 100%1549

NW1/4 SE1/4 5

40.00

100%Sur

Min 100%1549

SE1/4 SE1/4 5

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 5

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 209 of 341

Page 217: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R06W

160N- 939 103 $13.00 $2,080.00 N-4396340.00

100%Sur

Min 100%NE1/4 SW1/4 5

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%SE1/4 SW1/4 5

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

5

136940 103 $20.00 $2,720.00 4396448.59

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

6

47.28

100%Sur

Min 100%15 NW1/4 NE1/4 6

40.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

6

175941 130 $275.00 $48,125.00 4396545.96

100%Sur

Min 100%NE1/4 NW1/4 6

47.16

100%Sur

Min 100%15 NW1/4 NW1/4Subject to existing easements.

6

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 6

41.13

100%Sur

Min 100%1549

SW1/4 NW1/4Subject to existing easements.

6

160N- 942 103 $120.00 $19,200.00 N-4396640.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

6

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 210 of 341

Page 218: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R06W

(Continued) 160N- 942 103 $120.00 $19,200.00 N-4396640.00

100%Sur

Min 100%NW1/4 SE1/4 6

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

6

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

6

120943 103 $13.00 $1,560.00 4396740.00

100%Sur

Min 100%1549

NE1/4 NE1/4 8

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 8

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4 8

120944 103 $13.00 $1,560.00 4396840.00

100%Sur

Min 100%1549

NE1/4 NW1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%1549

NW1/4 NW1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%1549

SW1/4 NW1/4Subject to existing easements.

8

80945 103 $13.00 $1,040.00 4396940.00

100%Sur

Min 100%1549

NE1/4 NE1/4 9

40.00

100%Sur

Min 100%1549

NW1/4 NE/14 9

80946 103 $13.00 $1,040.00 4397040.00

100%Sur

Min 100%1549

NE1/4 NW1/4 9

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 211 of 341

Page 219: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R06W

(Continued) 80946 103 $13.00 $1,040.00 4397040.00

100%Sur

Min 100%1549

SW1/4 NW1/4 9

120947 103 $13.00 $1,560.00 4397140.00

100%Sur

Min 100%1549

NW1/4 NE1/4 10

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4 10

40.00

100%Sur

Min 100%1549

SW1/4 NE1/4 10

80948 103 $13.00 $1,040.00 4397240.00

100%Sur

Min 100%15 NE1/4 NW1/4 10

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 10

160N- 949 103 $13.00 $2,080.00 N-4397340.00

100%Sur

Min 100%NE1/4 NE1/4 12

40.00

100%Sur

Min 100%NW1/4 NE1/4 12

40.00

100%Sur

Min 100%SE1/4 NE1/4 12

40.00

100%Sur

Min 100%SW1/4 NE1/4 12

120950 103 $13.00 $1,560.00 4397440.00

100%Sur

Min 100%1549

NE1/4 NW1/4 12

40.00

100%Sur

Min 100%15 SE1/4 NW1/4 12

40.00

100%Sur

Min 100%1549

SW1/4 NW1/4 12

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 212 of 341

Page 220: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Missaukee CountyT24N R06W

40N- 951 103 $13.00 $520.00 N-4397540.00

100%Sur

Min 100%NW1/4 NW1/4 12

160952 103 $13.00 $2,080.00 4397640.00

100%Sur

Min 100%1549

NE1/4 SE1/4 12

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 12

40.00

100%Sur

Min 100%15 SE1/4 SE1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%15 SW1/4 SE1/4Subject to existing easements.

12

160N- 953 103 $13.00 $2,080.00 N-4397740.00

100%Sur

Min 100%NE1/4 SW1/4 12

40.00

100%Sur

Min 100%NW1/4 SW1/4 12

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

12

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 213 of 341

Page 221: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Montcalm CountyT12N R06W

80N- 954 120 $5.00 $400.00 N-4397840.00

100%Sur

Min 100%SE l/4 of NE l/4. 1

40.00

100%Sur

Min 100%SW l/4 of NE l/4. 1

80N- 955 120 $5.00 $400.00 N-4397940.00

100%Sur

Min 100%SE1/4 NW1/4 1

40.00

100%Sur

Min 100%SW1/4 NW1/4 1

160N- 956 120 $5.00 $800.00 N-4398040.00

100%Sur

Min 100%NW1/4 SW1/4 1

40.00

100%Sur

Min 100%SW1/4 SW1/4 1

40.00

100%Sur

Min 100%T12N, R6W, Sec. 1: NE 1/4 of SW 1/4 1

40.00

100%Sur

Min 100%T12N, R6W, Sec. 1: SE 1/4 of SW 1/4 1

160N- 957 120 $13.00 $2,080.00 N-4398120.00

100%Sur

Min 100%N 20 acres of E1/2 SE1/4Subject to existing easements.

7

20.00

100%Sur

Min 100%39 Nl/2 NWl/4 SEl/4 7

20.00

100%Sur

Min 100%S1/2 NE1/4 SE1/4 7

20.00

100%Sur

Min 100%S1/2 NW1/4 SE1/4 7

40.00

100%Sur

Min 100%SE1/4 SE1/4 7

40.00

100%Sur

Min 100%SW1/4 SE1/4 7

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 214 of 341

Page 222: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Montcalm CountyT12N R06W

131N- 958 120 $13.00 $1,703.00 N-4398210.00

100%Sur

Min 100%NE1/4 NE1/4 SW1/4 7

11.70

100%Sur

Min 100%NE1/4 NW1/4 SW1/4 7

10.00

100%Sur

Min 100%NW1/4 NE1/4 SW1/4 7

11.71

100%Sur

Min 100%NW1/4 NW1/4 SW1/4 7

20.00

100%Sur

Min 100%S1/2 NE1/4 SW1/4 7

23.41

100%Sur

Min 100%S1/2 NW1/4 SW1/4 7

20.00

100%Sur

Min 50%SE1/4 SW1/4 7

23.19

100%Sur

Min 50%SW1/4 SW1/4 7

54N- 959 120 $13.00 $702.00 N-4398313.20

100%Sur

Min 33%NE1/4 NE1/4 18

40.00

100%Sur

Min 100%SE1/4 NE1/4 18

Montcalm CountyT12N R07W

80N- 960 120 $13.00 $1,040.00 N-4398440.00

100%Sur

Min 100%NW1/4 SE1/4 12

40.00

100%Sur

Min 100%SW1/4 SE1/4 12

80N- 961 120 $13.00 $1,040.00 N-4398540.00

100%Sur

Min 100%NE1/4 SW1/4 13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 215 of 341

Page 223: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Montcalm CountyT12N R07W

(Continued) 80N- 961 120 $13.00 $1,040.00 N-4398540.00

100%Sur

Min 100%SE1/4 SW1/4 13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 216 of 341

Page 224: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Oceana CountyT13N R16W

40N- 962 115 $13.00 $520.00 N-4398640.00

0%Sur

Min 100%2 SW1/4 NE1/4 16

10N- 963 115 $13.00 $130.00 N-4398710.00

0%Sur

Min 100%2 NE1/4 SW1/4 NW1/4 16

60N- 964 115 $13.00 $780.00 N-4398840.00

0%Sur

Min 100%2 NE1/4 SW1/4 16

20.00

0%Sur

Min 100%2 W1/2 NW1/4 SW1/4 16

40N- 965 115 $13.00 $520.00 N-439895.00

0%Sur

Min 100%2 E1/2 NE1/4 SE1/4 NE1/4 17

10.00

0%Sur

Min 100%NW1/4 SE1/4 NE1/4 17

20.00

0%Sur

Min 100%2 S1/2 SE1/4 NE1/4 17

5.00

0%Sur

Min 100%2 W1/2 NE1/4 SE1/4 NE1/4 17

40966 125 $50.00 $2,000.00 4399020.00

0%Sur

Min 100%15 E1/2 SE1/4 NW1/4 17

20.00

0%Sur

Min 100%15 W1/2 SE1/4 NW1/4 17

150967 125 $55.00 $8,250.00 4399110.00

0%Sur

Min 100%15 NE1/4 NE1/4 SE1/4 17

40.00

0%Sur

Min 100%15 NW1/4 SE1/4 17

40.00

0%Sur

Min 100%15 SE1/4 SE1/4 17

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 217 of 341

Page 225: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Oceana CountyT13N R16W

(Continued) 150967 125 $55.00 $8,250.00 4399140.00

0%Sur

Min 100%15 SW1/4 SE1/4 17

20.00

0%Sur

Min 100%15 W1/2 NE1/4 SE1/4 17

60N- 968 125 $55.00 $3,300.00 N-4399220.00

0%Sur

Min 100%N1/2 SE1/4 SW1/4 excepting and reserving unto theState of Michigan an easement for public fishing andrights incident thereto in, over and upon a strip of land100 feet wide lying 50 feet on each side of, and adjacentto the thread of Susan Creek, insofar as said creektraverses the above described premises.

17

40.00

0%Sur

Min 100%NE1/4 SW1/4 17

40N- 969 115 $13.00 $520.00 N-439935.00

0%Sur

Min 100%2 E1/2 NW1/4 NE1/4 NE1/4 19

10.00

0%Sur

Min 100%2 NE1/4 NE1/4 NE1/4 19

20.00

0%Sur

Min 100%2 S1/2 NE1/4 NE1/4 19

5.00

0%Sur

Min 100%2 W1/2 NW1/4 NE1/4 NE1/4 19

15N- 970 115 $13.00 $195.00 N-4399410.00

0%Sur

Min 100%35 SE1/4 NE1/4 NW1/4 20

5.00

0%Sur

Min 100%W1/2 NE1/4 NW1/4 NW1/4Subject to existing easements.

20

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 218 of 341

Page 226: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Osceola CountyT19N R08W

75971 102 $55.00 $4,125.00 4399540.00

100%Sur

Min 100%1549

NE1/4 SW1/4 18

34.71

100%Sur

Min 100%1549

NW1/4 SW1/4 18

80972 102 $50.00 $4,000.00 4399640.00

100%Sur

Min 100%1549

NE1/4 NE1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4Subject to existing easements.

29

31N- 973 102 $55.00 $1,705.00 N-4399730.45

100%Sur

Min 100%8 Govt Lot 3Subject to existing easements.

29

80974 102 $55.00 $4,400.00 4399840.00

100%Sur

Min 100%1549

NE1/4 SE1/4 29

40.00

100%Sur

Min 100%1549

SE1/4 SE1/4 29

75975 102 $55.00 $4,125.00 4399940.00

100%Sur

Min 100%SE1/4 NW1/4 30

34.46

100%Sur

Min 100%1549

SW1/4 NW1/4 30

80976 102 $55.00 $4,400.00 4400040.00

100%Sur

Min 100%SE1/4 SE1/4 30

40.00

100%Sur

Min 100%SW1/4 SE1/4 30

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 219 of 341

Page 227: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Osceola CountyT19N R08W

149977 102 $55.00 $8,195.00 4400140.00

100%Sur

Min 100%NE1/4 SW1/4 30

34.37

100%Sur

Min 100%1549

NW1/4 SW1/4 30

40.00

100%Sur

Min 100%SE1/4 SW1/4 30

34.31

100%Sur

Min 100%15 SW1/4 SW1/4 30

160978 102 $55.00 $8,800.00 4400240.00

100%Sur

Min 100%NE1/4 NE1/4 31

40.00

100%Sur

Min 100%NW1/4 NE1/4 31

40.00

100%Sur

Min 100%SE1/4 NE1/4 31

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 31

149979 102 $130.00 $19,370.00 4400340.00

100%Sur

Min 100%1549

NE1/4 NW1/4 31

34.37

100%Sur

Min 100%15 NW1/4 NW1/4 31

40.00

100%Sur

Min 100%1549

SE1/4 NW1/4 31

34.55

100%Sur

Min 100%15 SW1/4 NW1/4 31

160980 102 $55.00 $8,800.00 4400440.00

100%Sur

Min 100%NE1/4 SE1/4 31

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 31

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 220 of 341

Page 228: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Osceola CountyT19N R08W

(Continued) 160980 102 $55.00 $8,800.00 4400440.00

100%Sur

Min 100%SE1/4 SE1/4 31

40.00

100%Sur

Min 100%SW1/4 SE1/4 31

150981 102 $55.00 $8,250.00 4400540.00

100%Sur

Min 100%1549

NE1/4 SW1/4 31

34.73

100%Sur

Min 100%NW1/4 SW1/4 31

40.00

100%Sur

Min 100%SE1/4 SW1/4 31

34.91

100%Sur

Min 100%SW1/4 SW1/4 31

40982 102 $55.00 $2,200.00 4400640.00

100%Sur

Min 100%15 SW1/4 NW1/4 32

Osceola CountyT19N R09W

40983 102 $55.00 $2,200.00 4400740.00

100%Sur

Min 100%1549

SW1/4 NE1/4Subject to existing easements.

24

38N- 984 102 $55.00 $2,090.00 N-4400837.46

100%Sur

Min 100%8 Govt Lot 2 subject to county road right of waySubject to existing easements.

24

160985 102 $55.00 $8,800.00 4400940.00

100%Sur

Min 100%1549

NE1/4 SW1/4 24

40.00

100%Sur

Min 100%1549

NW1/4 SW1/4 24

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 221 of 341

Page 229: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Osceola CountyT19N R09W

(Continued) 160985 102 $55.00 $8,800.00 4400940.00

100%Sur

Min 100%SE1/4 SW1/4 24

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 24

160986 102 $55.00 $8,800.00 4401040.00

100%Sur

Min 100%1549

NE1/4 NE1/4 25

40.00

100%Sur

Min 100%1549

NW1/4 NE1/4 25

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4 25

40.00

100%Sur

Min 100%1549

SW1/4 NE1/4 25

160987 102 $55.00 $8,800.00 4401140.00

100%Sur

Min 100%15 NE1/4 NW1/4 25

40.00

100%Sur

Min 100%NW1/4 NW1/4 25

40.00

100%Sur

Min 100%1549

SE1/4 NW1/4 25

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 25

160988 102 $130.00 $20,800.00 4401240.00

100%Sur

Min 100%1549

NE1/4 SE1/4 25

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 25

40.00

100%Sur

Min 100%15 SE1/4 SE1/4 25

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 25

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 222 of 341

Page 230: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Osceola CountyT19N R09W

160989 102 $55.00 $8,800.00 4401340.00

100%Sur

Min 100%1549

NE1/4 SW1/4 25

40.00

100%Sur

Min 100%1549

NW1/4 SW1/4 25

40.00

100%Sur

Min 100%1549

SE1/4 SW1/4 25

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 25

160990 102 $55.00 $8,800.00 4401440.00

100%Sur

Min 100%NE1/4 SW1/4 35

40.00

100%Sur

Min 100%NW1/4 SW1/4 35

40.00

100%Sur

Min 100%SE1/4 SW1/4 35

40.00

100%Sur

Min 100%SW1/4 SW1/4 35

160991 102 $90.00 $14,400.00 4401540.00

100%Sur

Min 100%15 NE1/4 NE1/4 36

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 36

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 36

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 36

160992 102 $60.00 $9,600.00 4401640.00

100%Sur

Min 100%15 NE1/4 SE1/4 36

40.00

100%Sur

Min 100%NW1/4 SE1/4 36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 223 of 341

Page 231: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Osceola CountyT19N R09W

(Continued) 160992 102 $60.00 $9,600.00 4401640.00

100%Sur

Min 100%15 SE1/4 SE1/4 36

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 36

160993 102 $60.00 $9,600.00 4401740.00

100%Sur

Min 100%15 NE1/4 SW1/4 36

40.00

100%Sur

Min 100%15 NW1/4 SW1/4 36

40.00

100%Sur

Min 100%SE1/4 SW1/4 36

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 36

Osceola CountyT19N R10W

78994 102 $25.00 $1,950.00 4401838.58

100%Sur

Min 100%815

NE1/4 NW1/4 5

38.58

100%Sur

Min 100%815

NW1/4 NW1/4 5

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 224 of 341

Page 232: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Otsego CountyT31N R04W

2N- 995 127 $30.00 $60.00 N-440190.15

0%Sur

Min 100%*Village of Elmira Plat, LOT 77 19

0.73

0%Sur

Min 100%Village of Elmira Plat, Lots 97 & 98 19

0.25

0%Sur

Min 100%Village of Elmira Plat, LOT 11 19

0.18

0%Sur

Min 100%Village of Elmira Plat, LOT 54, 55 19

0.09

0%Sur

Min 100%Village of Elmira Plat, LOT 56 19

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 225 of 341

Page 233: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

162N- 996 102 $50.00 $8,100.00 N-4402040.33

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

1

40.99

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

1

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

1

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

1

164N- 997 102 $40.00 $6,560.00 N-4402141.65

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

1

42.31

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

1

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

1

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

1

160N- 998 102 $80.00 $12,800.00 N-4402240.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

1

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

1

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

1

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 226 of 341

Page 234: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 998 102 $80.00 $12,800.00 N-4402240.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

1

160N- 999 102 $40.00 $6,400.00 N-4402340.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

1

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

1

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

1

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

1

166N- 1000 102 $40.00 $6,640.00 N-4402442.67

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

2

42.74

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

2

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

2

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

2

166N- 1001 102 $40.00 $6,640.00 N-4402542.81

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

2

42.88

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

2

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 227 of 341

Page 235: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 166N- 1001 102 $40.00 $6,640.00 N-4402540.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

2

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

2

160N- 1002 102 $35.00 $5,600.00 N-4402640.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

2

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

2

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

2

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

2

160N- 1003 102 $40.00 $6,400.00 N-4402740.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

2

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

2

40.00

100%Sur

Min 100%SE1/4 SW1/4 2

40.00

100%Sur

Min 100%SW1/4 SW1/4 2

1671004 102 $40.00 $6,680.00 4402843.02

100%Sur

Min 100%15 NE1/4 NE1/4Subject to existing easements.

3

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 228 of 341

Page 236: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 1671004 102 $40.00 $6,680.00 4402843.23

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 3

168N- 1005 102 $40.00 $6,720.00 N-4402943.44

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

3

43.65

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

3

160N- 1006 102 $40.00 $6,400.00 N-4403040.00

100%Sur

Min 100%NE1/4 SE1/4 3

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%SE1/4 SE1/4 3

40.00

100%Sur

Min 100%SW1/4 SE1/4 3

160N- 1007 102 $40.00 $6,400.00 N-4403140.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

3

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 229 of 341

Page 237: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1007 102 $40.00 $6,400.00 N-4403140.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

3

40.00

100%Sur

Min 100%SW1/4 SW1/4 3

168N- 1008 102 $40.00 $6,720.00 N-4403243.79

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

4

43.85

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%SE1/4 NE1/4 4

40.00

100%Sur

Min 100%SW1/4 NE1/4 4

168N- 1009 102 $40.00 $6,720.00 N-4403343.91

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

4

43.97

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%SE1/4 NW1/4 4

40.00

100%Sur

Min 100%SW1/4NW1/4Subject to existing easements.

4

160N- 1010 102 $40.00 $6,400.00 N-4403440.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

4

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 230 of 341

Page 238: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1010 102 $40.00 $6,400.00 N-4403440.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%SE1/4 SE1/4 4

40.00

100%Sur

Min 100%SW1/4 SE1/4 4

160N- 1011 102 $40.00 $6,400.00 N-4403540.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%SE1/4 SW1/4 4

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

4

1691012 102 $60.00 $10,140.00 4403644.03

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

5

44.09

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

5

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 231 of 341

Page 239: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

169N- 1013 102 $40.00 $6,760.00 N-4403744.15

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

5

44.21

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

5

160N- 1014 102 $40.00 $6,400.00 N-4403840.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%SE1/4SE1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

5

801015 102 $40.00 $3,200.00 4403940.00

100%Sur

Min 100%15 NE1/4 SW1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

5

80N- 1016 102 $40.00 $3,200.00 N-4404040.00

100%Sur

Min 100%NW1/4 SW1/4 5

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 232 of 341

Page 240: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 80N- 1016 102 $40.00 $3,200.00 N-4404040.00

100%Sur

Min 100%SW1/4 SW1/4 5

169N- 1017 102 $40.00 $6,760.00 N-4404144.21

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

6

44.15

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

6

40.00

100%Sur

Min 100%SE1/4 NE1/4 6

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

6

182N- 1018 102 $40.00 $7,280.00 N-4404244.09

100%Sur

Min 100%NE1/4 NW1/4 6

51.23

100%Sur

Min 100%NW1/4 NW1/4 6

40.00

100%Sur

Min 100%SE1/4 NW1/4 6

46.37

100%Sur

Min 100%SW1/4 NW1/4 6

160N- 1019 102 $40.00 $6,400.00 N-4404340.00

100%Sur

Min 100%NE1/4 SE1/4 6

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

6

40.00

100%Sur

Min 100%SE1/4 SE1/4 6

40.00

100%Sur

Min 100%SW1/4 SE1/4 6

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 233 of 341

Page 241: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

173N- 1020 102 $40.00 $6,920.00 N-4404440.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

6

46.19

100%Sur

Min 100%NW1/4 SW1/4 6

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

6

46.01

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

6

401021 102 $40.00 $1,600.00 4404540.00

100%Sur

Min 100%15 NE1/4 NE1/4 7

120N- 1022 102 $40.00 $4,800.00 N-4404640.00

100%Sur

Min 100%NW1/4 NE1/4 7

40.00

100%Sur

Min 100%SE1/4 NE1/4 7

40.00

100%Sur

Min 100%SW1/4 NE1/4 7

172N- 1023 102 $40.00 $6,880.00 N-4404740.00

100%Sur

Min 100%NE1/4 NW1/4 7

45.83

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

7

40.00

100%Sur

Min 100%SE1/4 NW1/4 7

45.66

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

7

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 234 of 341

Page 242: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

160N- 1024 102 $40.00 $6,400.00 N-4404840.00

100%Sur

Min 100%NE1/4 SE1/4 7

40.00

100%Sur

Min 100%NW1/4 SE1/4 7

40.00

100%Sur

Min 100%SE1/4 SE1/4 7

40.00

100%Sur

Min 100%SW1/4 SE1/4 7

461025 102 $40.00 $1,840.00 4404945.49

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

7

126N- 1026 102 $40.00 $5,040.00 N-4405040.00

100%Sur

Min 100%NE1/4 SW1/4 7

40.00

100%Sur

Min 100%SE1/4 SW1/4 7

45.32

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

7

80N- 1027 102 $40.00 $3,200.00 N-4405140.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

8

160N- 1028 102 $40.00 $6,400.00 N-4405240.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

8

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 235 of 341

Page 243: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1028 102 $40.00 $6,400.00 N-4405240.00

100%Sur

Min 100%SE1/4 SE1/4 8

40.00

100%Sur

Min 100%SW1/4 SE1/4 8

160N- 1029 102 $40.00 $6,400.00 N-4405340.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%NW1/4 SW1/4 8

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%SW1/4 SW1/4 8

1601030 102 $40.00 $6,400.00 4405440.00

100%Sur

Min 100%15 NE1/4 NE1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%15 NW1/4 NE1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 9

40.00

100%Sur

Min 100%15 SW1/4 NE1/4Subject to existing easements.

9

160N- 1031 102 $40.00 $6,400.00 N-4405540.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%NW1/4 NW1/4 9

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 236 of 341

Page 244: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1031 102 $40.00 $6,400.00 N-4405540.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

9

160N- 1032 102 $40.00 $6,400.00 N-4405640.00

100%Sur

Min 100%NE1/4 SE1/4 9

40.00

100%Sur

Min 100%NW1/4 SE1/4 9

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%SW1/4 SE1/4 9

801033 102 $40.00 $3,200.00 4405740.00

100%Sur

Min 100%15 NE1/4 SW1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 9

80N- 1034 102 $40.00 $3,200.00 N-4405840.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%SE1/4 SW1/4 9

160N- 1035 102 $40.00 $6,400.00 N-4405940.00

100%Sur

Min 100%NE1/4 NE1/4 10

40.00

100%Sur

Min 100%NW1/4 NE1/4 10

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 237 of 341

Page 245: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1035 102 $40.00 $6,400.00 N-4405940.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

10

801036 102 $40.00 $3,200.00 4406040.00

100%Sur

Min 100%15 NW1/4 NW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 10

80N- 1037 102 $40.00 $3,200.00 N-4406140.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

10

160N- 1038 102 $40.00 $6,400.00 N-4406240.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

10

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 238 of 341

Page 246: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

160N- 1039 102 $40.00 $6,400.00 N-4406340.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%SE1/4 SW1/4 10

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

10

160N- 1040 102 $100.00 $16,000.00 N-4406440.00

100%Sur

Min 100%NE1/4 NE1/4 11

40.00

100%Sur

Min 100%NW1/4 NE1/4 11

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%SW1/4NE1/4 11

160N- 1041 102 $75.00 $12,000.00 N-4406540.00

100%Sur

Min 100%NE1/4 NW1/4 11

40.00

100%Sur

Min 100%NW1/4 NW1/4 11

40.00

100%Sur

Min 100%SE1/4 NW1/4 11

40.00

100%Sur

Min 100%SW1/4 NW1/4 11

160N- 1042 102 $40.00 $6,400.00 N-4406640.00

100%Sur

Min 100%NE1/4 SE1/4 11

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 239 of 341

Page 247: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1042 102 $40.00 $6,400.00 N-4406640.00

100%Sur

Min 100%NW1/4 SE1/4 11

40.00

100%Sur

Min 100%SE1/4 SE1/4 11

40.00

100%Sur

Min 100%SW1/4 SE1/4 11

1601043 102 $40.00 $6,400.00 4406740.00

100%Sur

Min 100%15 NE1/4 SW1/4 11

40.00

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

11

40.00

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

11

160N- 1044 102 $60.00 $9,600.00 N-4406840.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%SW1/4 NE1/4 12

160N- 1045 102 $40.00 $6,400.00 N-4406940.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

12

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 240 of 341

Page 248: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1045 102 $40.00 $6,400.00 N-4406940.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%SW1/4NW1/4Subject to existing easements.

12

160N- 1046 102 $40.00 $6,400.00 N-4407040.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%NW1/4 SE1/4 12

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%SW1/4 SE1/4 12

160N- 1047 102 $40.00 $6,400.00 N-4407140.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%NW1/4 SW1/4 12

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%SW1/4 SW1/4 12

160N- 1048 102 $40.00 $6,400.00 N-4407240.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 241 of 341

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d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1048 102 $40.00 $6,400.00 N-4407240.00

100%Sur

Min 100%NW1/4 NE1/4 13

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

13

160N- 1049 102 $40.00 $6,400.00 N-4407340.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

13

160N- 1050 102 $40.00 $6,400.00 N-4407440.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 242 of 341

Page 250: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

1601051 102 $40.00 $6,400.00 4407540.00

100%Sur

Min 100%15 NE1/4 SW1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%15 NW1/4 SW1/4 13

40.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%15 SW1/4 SW1/4 13

160N- 1052 102 $40.00 $6,400.00 N-4407640.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%SW1/4 NE1/4 14

160N- 1053 102 $40.00 $6,400.00 N-4407740.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%SE1/4 NW1/4 14

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

14

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 243 of 341

Page 251: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

160N- 1054 102 $40.00 $6,400.00 N-4407840.00

100%Sur

Min 100%NE1/4 SE1/4 14

40.00

100%Sur

Min 100%NW1/4 SE1/4 14

40.00

100%Sur

Min 100%SE1/4 SE1/4 14

40.00

100%Sur

Min 100%SW1/4 SE1/4 14

801055 102 $40.00 $3,200.00 4407940.00

100%Sur

Min 100%15 NE1/4 SW1/4 14

40.00

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

14

80N- 1056 102 $40.00 $3,200.00 N-4408040.00

100%Sur

Min 100%SE1/4 SW1/4 14

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

14

801057 102 $40.00 $3,200.00 4408140.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 15

80N- 1058 102 $40.00 $3,200.00 N-4408240.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%NW1/4 NE1/4 15

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 244 of 341

Page 252: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

160N- 1059 102 $40.00 $6,400.00 N-4408340.00

100%Sur

Min 100%NE1/4 NW1/4 15

40.00

100%Sur

Min 100%NW1/4 NW1/4 15

40.00

100%Sur

Min 100%SE1/4 NW1/4 15

40.00

100%Sur

Min 100%SW1/4 NW1/4 15

160N- 1060 102 $40.00 $6,400.00 N-4408440.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%NW1/4 SE1/4 15

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%SW1/4 SE1/4 15

160N- 1061 102 $40.00 $6,400.00 N-4408540.00

100%Sur

Min 100%NE1/4 SW1/4 15

40.00

100%Sur

Min 100%NW1/4 SW1/4 15

40.00

100%Sur

Min 100%SE1/4 SW1/4 15

40.00

100%Sur

Min 100%SW1/4 SW1/4 15

801062 102 $40.00 $3,200.00 4408640.00

100%Sur

Min 100%15 NE1/4 NE1/4Subject to existing easements.

16

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 245 of 341

Page 253: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 801062 102 $40.00 $3,200.00 4408640.00

100%Sur

Min 100%15 NW1/4 NE1/4Subject to existing easements.

16

80N- 1063 102 $40.00 $3,200.00 N-4408740.00

100%Sur

Min 100%SE1/4 NE1/4 16

40.00

100%Sur

Min 100%SW1/4 NE1/4 16

160N- 1064 102 $100.00 $16,000.00 N-4408840.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%NW1/4 NW1/4 16

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

16

160N- 1065 102 $40.00 $6,400.00 N-4408940.00

100%Sur

Min 100%NE1/4 SE1/4 16

40.00

100%Sur

Min 100%NW1/4 SE1/4 16

40.00

100%Sur

Min 100%SE1/4 SE1/4 16

40.00

100%Sur

Min 100%SW1/4 SE1/4 16

160N- 1066 102 $40.00 $6,400.00 N-4409040.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

16

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 246 of 341

Page 254: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1066 102 $40.00 $6,400.00 N-4409040.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%SE1/4 SW1/4 16

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

16

801067 102 $40.00 $3,200.00 4409140.00

100%Sur

Min 100%15 NW1/4 NE1/4 17

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 17

80N- 1068 102 $40.00 $3,200.00 N-4409240.00

100%Sur

Min 100%NE1/4 NE1/4 17

40.00

100%Sur

Min 100%SE1/4 NE1/4 17

160N- 1069 102 $40.00 $6,400.00 N-4409340.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%NW1/4 NW1/4 17

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

17

401070 102 $40.00 $1,600.00 4409440.00

100%Sur

Min 100%15 NW1/4 SE1/4 17

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 247 of 341

Page 255: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

120N- 1071 102 $40.00 $4,800.00 N-4409540.00

100%Sur

Min 100%NE1/4 SE1/4 17

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

17

160N- 1072 102 $40.00 $6,400.00 N-4409640.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SW1/4 SW1/4 17

160N- 1073 102 $40.00 $6,400.00 N-4409740.00

100%Sur

Min 100%NE1/4 NE1/4 18

40.00

100%Sur

Min 100%NW1/4 NE1/4 18

40.00

100%Sur

Min 100%SE1/4 NE1/4 18

40.00

100%Sur

Min 100%SW1/4 NE1/4 18

461074 102 $40.00 $1,840.00 4409845.03

100%Sur

Min 100%15 SW1/4 NW1/4Subject to existing easements.

18

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 248 of 341

Page 256: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

126N- 1075 102 $40.00 $5,040.00 N-4409940.00

100%Sur

Min 100%NE1/4 NW1/4 18

45.17

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

18

40.00

100%Sur

Min 100%SE1/4 NW1/4 18

160N- 1076 102 $40.00 $6,400.00 N-4410040.00

100%Sur

Min 100%NE1/4 SE1/4 18

40.00

100%Sur

Min 100%NW1/4 SE1/4 18

40.00

100%Sur

Min 100%SE1/4 SE1/4 18

40.00

100%Sur

Min 100%SW1/4 SE1/4 18

1301077 102 $40.00 $5,200.00 4410144.89

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

18

40.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

18

44.75

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

18

40N- 1078 102 $40.00 $1,600.00 N-4410240.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

18

851079 102 $40.00 $3,400.00 4410340.00

100%Sur

Min 100%15 NE1/4 NW1/4Subject to existing easements.

19

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 249 of 341

Page 257: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 851079 102 $40.00 $3,400.00 4410344.48

100%Sur

Min 100%15 NW1/4 NW1/4Subject to existing easements.

19

801080 102 $40.00 $3,200.00 4410440.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%15 SW1/4 NE1/4Subject to existing easements.

20

80N- 1081 102 $40.00 $3,200.00 N-4410540.00

100%Sur

Min 100%NE1/4 NE1/4 20

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

20

120N- 1082 102 $40.00 $4,800.00 N-4410640.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%NW1/4 NW1/4 20

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

20

1601083 102 $40.00 $6,400.00 4410740.00

100%Sur

Min 100%15 NE1/4 SE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%15 NW1/4 SE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%15 SE1/4 SE1/4Subject to existing easements.

20

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 250 of 341

Page 258: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 1601083 102 $40.00 $6,400.00 4410740.00

100%Sur

Min 100%15 SW1/4 SE1/4Subject to existing easements.

20

80N- 1084 102 $40.00 $3,200.00 N-4410840.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

20

801085 102 $40.00 $3,200.00 4410940.00

100%Sur

Min 100%15 NE1/4 NE1/4 21

40.00

100%Sur

Min 100%15 NW1/4 NE1/4 21

80N- 1086 102 $40.00 $3,200.00 N-4411040.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%34 SW1/4 NE1/4Subject to existing easements.

21

160N- 1087 102 $40.00 $6,400.00 N-4411140.00

100%Sur

Min 100%NE1/4 NW1/4 21

40.00

100%Sur

Min 100%NW1/4 NW1/4 21

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

21

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 251 of 341

Page 259: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

160N- 1088 102 $40.00 $6,400.00 N-4411240.00

100%Sur

Min 100%NE1/4 SE1/4 21

40.00

100%Sur

Min 100%NW1/4 SE1/4 21

40.00

100%Sur

Min 100%SE1/4 SE1/4 21

40.00

100%Sur

Min 100%SW1/4 SE1/4 21

160N- 1089 102 $40.00 $6,400.00 N-4411340.00

100%Sur

Min 100%34 NE1/4 SW1/4 21

40.00

100%Sur

Min 100%34 NW1/4 SW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%34 SE1/4 SW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%34 SW1/4 SW1/4Subject to existing easements.

21

160N- 1090 102 $40.00 $6,400.00 N-4411440.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%NW1/4 NE1/4 22

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

22

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 252 of 341

Page 260: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

160N- 1091 102 $40.00 $6,400.00 N-4411540.00

100%Sur

Min 100%NE1/4 NW1/4 22

40.00

100%Sur

Min 100%NW1/4 NW1/4 22

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

22

160N- 1092 102 $40.00 $6,400.00 N-4411640.00

100%Sur

Min 100%NE1/4 SE1/4 22

40.00

100%Sur

Min 100%NW1/4 SE1/4 22

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

22

401093 102 $40.00 $1,600.00 4411740.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

22

120N- 1094 102 $40.00 $4,800.00 N-4411840.00

100%Sur

Min 100%NE1/4 SW1/4 22

40.00

100%Sur

Min 100%NW1/4 SW1/4 22

40.00

100%Sur

Min 100%SW1/4 SW1/4 22

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 253 of 341

Page 261: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

160N- 1095 102 $40.00 $6,400.00 N-4411940.00

100%Sur

Min 100%NE1/4 NE1/4 23

40.00

100%Sur

Min 100%NW1/4 NE1/4 23

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SW1/4 NE1/4 23

160N- 1096 102 $40.00 $6,400.00 N-4412040.00

100%Sur

Min 100%NE1/4 NW1/4 23

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

23

160N- 1097 102 $40.00 $6,400.00 N-4412140.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%NW1/4 SE1/4 23

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

23

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 254 of 341

Page 262: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

1201098 102 $40.00 $4,800.00 4412240.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

23

40N- 1099 102 $40.00 $1,600.00 N-4412340.00

100%Sur

Min 100%34 SW1/4 SW1/4Subject to existing easements.

23

160N- 1100 102 $40.00 $6,400.00 N-4412440.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

24

160N- 1101 102 $60.00 $9,600.00 N-4412540.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

24

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 255 of 341

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d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1101 102 $60.00 $9,600.00 N-4412540.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

24

160N- 1102 102 $40.00 $6,400.00 N-4412640.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%NW1/4 SE1/4 24

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

24

1601103 102 $40.00 $6,400.00 4412740.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

24

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

24

160N- 1104 102 $60.00 $9,600.00 N-4412840.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

25

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 256 of 341

Page 264: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1104 102 $60.00 $9,600.00 N-4412840.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%SW1/4 NE1/4 25

160N- 1105 102 $40.00 $6,400.00 N-4412940.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

25

160N- 1106 102 $60.00 $9,600.00 N-4413040.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%NW1/4 SE1/4 25

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%SW1/4 SE1/4 25

1201107 102 $40.00 $4,800.00 4413140.00

100%Sur

Min 100%15 NE1/4 SW1/4Subject to existing easements.

25

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 257 of 341

Page 265: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 1201107 102 $40.00 $4,800.00 4413140.00

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

25

40N- 1108 102 $40.00 $1,600.00 N-4413240.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

25

160N- 1109 102 $40.00 $6,400.00 N-4413340.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

26

160N- 1110 102 $40.00 $6,400.00 N-4413440.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SE1/4 NW1/4 26

40.00

100%Sur

Min 100%SW1/4 NW1/4 26

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 258 of 341

Page 266: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

160N- 1111 102 $40.00 $6,400.00 N-4413540.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%NW1/4 SE1/4 26

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

26

1601112 102 $40.00 $6,400.00 4413640.00

100%Sur

Min 100%NE1/4 SW1/4 26

40.00

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

26

1601113 102 $40.00 $6,400.00 4413740.00

100%Sur

Min 100%15 NE1/4 NE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%15 SE1/4 NE1/4 27

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 259 of 341

Page 267: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

160N- 1114 102 $40.00 $6,400.00 N-4413840.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%NW1/4 NW1/4 27

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%SW1/4 NW1/4 27

160N- 1115 102 $40.00 $6,400.00 N-4413940.00

100%Sur

Min 100%NE1/4 SE1/4 27

40.00

100%Sur

Min 100%NW1/4 SE1/4 27

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

27

1601116 107 $190.00 $30,400.00 4414040.00

100%Sur

Min 100%15 NE1/4 SW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 260 of 341

Page 268: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

1601117 107 $180.00 $28,800.00 4414140.00

100%Sur

Min 100%15 NE1/4 NE1/4 28

40.00

100%Sur

Min 100%15 NW1/4 NE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%15 SW1/4 NE1/4Subject to existing easements.

28

160N- 1118 107 $180.00 $28,800.00 N-4414240.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%SW1/4 NW1/4 28

160N- 1119 107 $180.00 $28,800.00 N-4414340.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

28

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 261 of 341

Page 269: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

1601120 107 $180.00 $28,800.00 4414440.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%NW1/4 SW1/4 28

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

28

120N- 1121 102 $60.00 $7,200.00 N-4414540.00

100%Sur

Min 100%NE1/4 NE1/4 29

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%SE1/4 NE1/4 29

44N- 1122 102 $125.00 $5,500.00 N-4414643.47

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

30

80N- 1123 102 $150.00 $12,000.00 N-4414740.00

100%Sur

Min 100%SE1/4 SE1/4 30

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

30

831124 102 $125.00 $10,375.00 4414840.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

30

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 262 of 341

Page 270: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 831124 102 $125.00 $10,375.00 4414842.87

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

30

44N- 1125 102 $175.00 $7,700.00 N-4414943.17

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

30

160N- 1126 102 $125.00 $20,000.00 N-4415040.00

100%Sur

Min 100%NE1/4 NE1/4 31

40.00

100%Sur

Min 100%NW1/4 NE1/4 31

40.00

100%Sur

Min 100%SE1/4 NE1/4 31

40.00

100%Sur

Min 100%SW1/4 NE1/4 31

167N- 1127 102 $175.00 $29,225.00 N-4415140.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

31

42.88

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

31

43.20

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

31

160N- 1128 102 $125.00 $20,000.00 N-4415240.00

100%Sur

Min 100%NE1/4 SE1/4 31

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 263 of 341

Page 271: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1128 102 $125.00 $20,000.00 N-4415240.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%SE1/4SE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

31

801129 102 $175.00 $14,000.00 4415340.00

100%Sur

Min 100%15 NE1/4 SW1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 31

44N- 1130 102 $125.00 $5,500.00 N-4415443.52

100%Sur

Min 100%NW1/4 SW1/4 31

120N- 1131 102 $125.00 $15,000.00 N-4415540.00

100%Sur

Min 100%NW1/4 NW1/4 32

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%SW1/4 NW1/4 32

1201132 102 $125.00 $15,000.00 4415640.00

100%Sur

Min 100%15 NE1/4 SE1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%15 NW1/4 SE1/4 32

40.00

100%Sur

Min 100%15 SW1/4 SE1/4 32

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 264 of 341

Page 272: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

40N- 1133 107 $180.00 $7,200.00 N-4415740.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

32

160N- 1134 102 $175.00 $28,000.00 N-4415840.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

32

120N- 1135 126 $250.00 $30,000.00 N-4415940.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

33

1201136 107 $180.00 $21,600.00 4416040.00

100%Sur

Min 100%15 NE1/4 NW1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%15 SE1/4 NW1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

33

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 265 of 341

Page 273: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

1601137 126 $310.00 $49,600.00 4416140.00

100%Sur

Min 100%15 NE1/4 SE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%15 NW1/4 SE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%15 SE1/4 SE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

33

160N- 1138 107 $250.00 $40,000.00 N-4416240.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

33

1601139 107 $180.00 $28,800.00 4416340.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

34

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 266 of 341

Page 274: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 1601139 107 $180.00 $28,800.00 4416340.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

34

160N- 1140 107 $175.00 $28,000.00 N-4416440.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

34

160N- 1141 126 $300.00 $48,000.00 N-4416540.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

34

1601142 126 $350.00 $56,000.00 4416640.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

34

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 267 of 341

Page 275: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 1601142 126 $350.00 $56,000.00 4416640.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

34

1601143 102 $75.00 $12,000.00 4416740.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%SW1/4 NE1/4 35

160N- 1144 107 $180.00 $28,800.00 N-4416840.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

35

160N- 1145 107 $180.00 $28,800.00 N-4416940.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

35

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 268 of 341

Page 276: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 160N- 1145 107 $180.00 $28,800.00 N-4416940.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

35

1601146 107 $180.00 $28,800.00 4417040.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%NW1/4 SW1/4 35

40.00

100%Sur

Min 100%SE1/4 SW1/4 35

40.00

100%Sur

Min 100%SW1/4 SW1/4 35

160N- 1147 102 $75.00 $12,000.00 N-4417140.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 269 of 341

Page 277: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

160N- 1148 102 $40.00 $6,400.00 N-4417240.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

36

160N- 1149 102 $40.00 $6,400.00 N-4417340.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

36

1601150 102 $40.00 $6,400.00 4417440.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 270 of 341

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d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R03W

(Continued) 1601150 102 $40.00 $6,400.00 4417440.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

36

Roscommon CountyT21N R04W

167N- 1151 102 $40.00 $6,680.00 N-4417543.62

100%Sur

Min 100%NE1/4 NE1/4 1

42.87

100%Sur

Min 100%NW1/4 NE1/4 1

40.00

100%Sur

Min 100%SE1/4 NE1/4 1

40.00

100%Sur

Min 100%SW1/4 NE1/4 1

164N- 1152 102 $40.00 $6,560.00 N-4417642.11

100%Sur

Min 100%NE1/4 NW1/4 1

41.36

100%Sur

Min 100%NW1/4 NW1/4 1

40.00

100%Sur

Min 100%SE1/4 NW1/4 1

40.00

100%Sur

Min 100%SW1/4 NW1/4 1

401153 102 $40.00 $1,600.00 4417740.00

100%Sur

Min 100%1549

SW1/4 SE1/4 1

120N- 1154 102 $40.00 $4,800.00 N-4417840.00

100%Sur

Min 100%NE1/4 SE1/4 1

40.00

100%Sur

Min 100%NW1/4 SE1/4 1

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 271 of 341

Page 279: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 120N- 1154 102 $40.00 $4,800.00 N-4417840.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

1

160N- 1155 102 $40.00 $6,400.00 N-4417940.00

100%Sur

Min 100%NE1/4 SW1/4 1

40.00

100%Sur

Min 100%NW1/4 SW1/4 1

40.00

100%Sur

Min 100%SE1/4 SW1/4 1

40.00

100%Sur

Min 100%SW1/4 SW1/4 1

163N- 1156 102 $40.00 $6,520.00 N-4418041.02

100%Sur

Min 100%NE1/4 NE1/4 2

41.09

100%Sur

Min 100%NW1/4 NE1/4 2

40.00

100%Sur

Min 100%SE1/4 NE1/4 2

40.00

100%Sur

Min 100%SW1/4 NE1/4 2

160N- 1157 102 $40.00 $6,400.00 N-4418140.00

100%Sur

Min 100%NE1/4 SE1/4 2

40.00

100%Sur

Min 100%NW1/4 SE1/4 2

40.00

100%Sur

Min 100%SE1/4 SE1/4 2

40.00

100%Sur

Min 100%SW1/4 SE1/4 2

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 272 of 341

Page 280: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

80N- 1158 102 $140.00 $11,200.00 N-4418239.82

100%Sur

Min 100%NE1/4 NW1/4 3

39.25

100%Sur

Min 100%NW1/4 NW1/4 3

80N- 1159 102 $160.00 $12,800.00 N-4418340.00

100%Sur

Min 100%SE1/4 SW1/4 3

40.00

100%Sur

Min 100%SW1/4 SW1/4 3

78N- 1160 103 $190.00 $14,820.00 N-4418438.84

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

4

38.60

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

4

40N- 1161 103 $190.00 $7,600.00 N-4418540.00

100%Sur

Min 100%SW1/4 NW1/4 4

1201162 103 $190.00 $22,800.00 4418640.00

100%Sur

Min 100%1549

NE1/4 SE1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%15 NW1/4 SE1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%1549

SE1/4 SE1/4Subject to existing easements.

4

80N- 1163 103 $190.00 $15,200.00 N-4418740.00

100%Sur

Min 100%NW1/4 SW1/4 4

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 273 of 341

Page 281: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 80N- 1163 103 $190.00 $15,200.00 N-4418740.00

100%Sur

Min 100%SW1/4SW1/4Subject to existing easements.

4

801164 103 $190.00 $15,200.00 4418840.00

100%Sur

Min 100%1549

SE1/4 NE1/4 5

40.00

100%Sur

Min 100%1549

SW1/4 NE1/4Subject to existing easements.

5

80N- 1165 103 $190.00 $15,200.00 N-4418940.00

100%Sur

Min 100%SE1/4 NW1/4 5

40.00

100%Sur

Min 100%SW1/4 NW1/4 5

1601166 103 $180.00 $28,800.00 4419040.00

100%Sur

Min 100%1549

NE1/4 SE1/4 5

40.00

100%Sur

Min 100%15 NW1/4 SE1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%1549

SE1/4 SE1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%1549

SW1/4 SE1/4Subject to existing easements.

5

160N- 1167 103 $190.00 $30,400.00 N-4419140.00

100%Sur

Min 100%NE1/4 SW1/4 5

40.00

100%Sur

Min 100%NW1/4 SW1/4 5

40.00

100%Sur

Min 100%SE1/4 SW1/4 5

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 274 of 341

Page 282: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 160N- 1167 103 $190.00 $30,400.00 N-4419140.00

100%Sur

Min 100%SW1/4 SW1/4 5

80N- 1168 103 $190.00 $15,200.00 N-4419240.00

100%Sur

Min 100%SE1/4 NE1/4 6

40.00

100%Sur

Min 100%SW1/4 NE1/4 6

901169 103 $190.00 $17,100.00 4419344.73

100%Sur

Min 100%1549

NW1/4 NW1/4Subject to existing easements.

6

44.84

100%Sur

Min 100%1549

SW1/4 NW1/4Subject to existing easements.

6

40N- 1170 103 $190.00 $7,600.00 N-4419440.00

100%Sur

Min 100%SE1/4 NW1/4 6

160N- 1171 103 $190.00 $30,400.00 N-4419540.00

100%Sur

Min 100%NE1/4 SE1/4 6

40.00

100%Sur

Min 100%34 NW1/4 SE1/4 6

40.00

100%Sur

Min 100%34 SE1/4 SE1/4 6

40.00

100%Sur

Min 100%34 SW1/4 SE1/4 6

170N- 1172 103 $190.00 $32,300.00 N-4419640.00

100%Sur

Min 100%NE1/4 SW1/4 6

44.77

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

6

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 275 of 341

Page 283: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 170N- 1172 103 $190.00 $32,300.00 N-4419640.00

100%Sur

Min 100%SE1/4 SW1/4 6

44.70

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

6

160N- 1173 103 $190.00 $30,400.00 N-4419740.00

100%Sur

Min 100%NE1/4 NE1/4 7

40.00

100%Sur

Min 100%NW1/4 NE1/4 7

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

7

40.00

100%Sur

Min 100%SW1/4 NE1/4 7

169N- 1174 103 $190.00 $32,110.00 N-4419840.00

100%Sur

Min 100%NE1/4 NW1/4 7

44.36

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

7

40.00

100%Sur

Min 100%SE1/4 NW1/4 7

43.75

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

7

1601175 103 $190.00 $30,400.00 4419940.00

100%Sur

Min 100%15 NE1/4 SE1/4Subject to existing easements.

7

40.00

100%Sur

Min 100%15 NW1/4 SE1/4Subject to existing easements.

7

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 276 of 341

Page 284: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 1601175 103 $190.00 $30,400.00 4419940.00

100%Sur

Min 100%15 SE1/4 SE1/4Subject to existing easements.

7

40.00

100%Sur

Min 100%15 SW1/4 SE1/4Subject to existing easements.

7

1661176 103 $190.00 $31,540.00 4420040.00

100%Sur

Min 100%1549

NE1/4 SW1/4Subject to existing easements.

7

43.14

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

7

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

7

42.53

100%Sur

Min 100%1549

SW1/4 SW1/4 7

160N- 1177 103 $190.00 $30,400.00 N-4420140.00

100%Sur

Min 100%NE1/4 NE1/4 8

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%SE1/4 NE1/4 8

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

8

801178 103 $190.00 $15,200.00 4420240.00

100%Sur

Min 100%1549

SE1/4 NW1/4Subject to existing easements.

8

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 277 of 341

Page 285: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 801178 103 $190.00 $15,200.00 4420240.00

100%Sur

Min 100%15 SW1/4 NW1/4Subject to existing easements.

8

80N- 1179 103 $190.00 $15,200.00 N-4420340.00

100%Sur

Min 100%34 NE1/4 NW1/4 8

40.00

100%Sur

Min 100%34 NW1/4 NW1/4 8

1601180 103 $190.00 $30,400.00 4420440.00

100%Sur

Min 100%1549

NE1/4 SE1/4 8

40.00

100%Sur

Min 100%1549

NW1/4 SE1/4 8

40.00

100%Sur

Min 100%1549

SE1/4 SE1/4 8

40.00

100%Sur

Min 100%1549

SW1/4 SE1/4 8

160N- 1181 103 $190.00 $30,400.00 N-4420540.00

100%Sur

Min 100%NE1/4 SW1/4 8

40.00

100%Sur

Min 100%NW1/4 SW1/4 8

40.00

100%Sur

Min 100%SE1/4 SW1/4 8

40.00

100%Sur

Min 100%SW1/4 SW1/4 8

40N- 1182 103 $190.00 $7,600.00 N-4420640.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

9

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 278 of 341

Page 286: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

120N- 1183 103 $190.00 $22,800.00 N-4420740.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

9

40.00

100%Sur

Min 100%SW1/4 NW1/4 9

160N- 1184 103 $190.00 $30,400.00 N-4420840.00

100%Sur

Min 100%NE1/4 SW1/4 9

40.00

100%Sur

Min 100%NW1/4 SW1/4 9

40.00

100%Sur

Min 100%SE1/4SW1/4 9

40.00

100%Sur

Min 100%SW1/4 SW1/4 9

1201185 102 $125.00 $15,000.00 4420940.00

100%Sur

Min 100%1549

NW1/4 NW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%1549

SE1/4 NW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%15 SW1/4 NW1/4Subject to existing easements.

10

40N- 1186 102 $150.00 $6,000.00 N-4421040.00

100%Sur

Min 100%NE1/4 NW1/4 10

1201187 102 $150.00 $18,000.00 4421140.00

100%Sur

Min 100%1549

NE1/4 SW1/4Subject to existing easements.

10

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 279 of 341

Page 287: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 1201187 102 $150.00 $18,000.00 4421140.00

100%Sur

Min 100%1549

NW1/4 SW1/4Subject to existing easements.

10

40.00

100%Sur

Min 100%1549

SW1/4 SW1/4Subject to existing easements.

10

40N- 1188 102 $130.00 $5,200.00 N-4421240.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

10

160N- 1189 102 $55.00 $8,800.00 N-4421340.00

100%Sur

Min 100%NE1/4 NE1/4 11

40.00

100%Sur

Min 100%NW1/4 NE1/4 11

40.00

100%Sur

Min 100%SE1/4 NE1/4 11

40.00

100%Sur

Min 100%SW1/4 NE1/4 11

801190 102 $45.00 $3,600.00 4421440.00

100%Sur

Min 100%1549

SE1/4 SE1/4 11

40.00

100%Sur

Min 100%1549

SW1/4 SE1/4 11

80N- 1191 102 $35.00 $2,800.00 N-4421540.00

100%Sur

Min 100%NE1/4 SE1/4 11

40.00

100%Sur

Min 100%NW1/4 SE1/4 11

160N- 1192 102 $45.00 $7,200.00 N-4421640.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

12

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 280 of 341

Page 288: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 160N- 1192 102 $45.00 $7,200.00 N-4421640.00

100%Sur

Min 100%NW1/4 NE1/4 12

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%SW1/4 NE1/4 12

160N- 1193 102 $45.00 $7,200.00 N-4421740.00

100%Sur

Min 100%NE1/4 NW1/4 12

40.00

100%Sur

Min 100%NW1/4 NW1/4 12

40.00

100%Sur

Min 100%SE1/4 NW1/4 12

40.00

100%Sur

Min 100%SW1/4 NW1/4 12

160N- 1194 102 $45.00 $7,200.00 N-4421840.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%NW1/4 SE1/4 12

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

12

40.00

100%Sur

Min 100%SW1/4 SE1/4 12

160N- 1195 102 $45.00 $7,200.00 N-4421940.00

100%Sur

Min 100%NE1/4 SW1/4 12

40.00

100%Sur

Min 100%NW1/4 SW1/4 12

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 281 of 341

Page 289: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 160N- 1195 102 $45.00 $7,200.00 N-4421940.00

100%Sur

Min 100%SE1/4 SW1/4 12

40.00

100%Sur

Min 100%SW1/4 SW1/4 12

1201196 102 $55.00 $6,600.00 4422040.00

100%Sur

Min 100%1549

NE1/4 NE1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%1549

NW1/4 NE1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4Subject to existing easements.

13

40N- 1197 102 $45.00 $1,800.00 N-4422140.00

100%Sur

Min 100%SW1/4 NE1/4 13

160N- 1198 102 $45.00 $7,200.00 N-4422240.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%SE1/4 NW1/4 13

40.00

100%Sur

Min 100%SW1/4 NW1/4 13

160N- 1199 102 $45.00 $7,200.00 N-4422340.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

13

40.00

100%Sur

Min 100%NW1/4 SE1/4 13

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 282 of 341

Page 290: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 160N- 1199 102 $45.00 $7,200.00 N-4422340.00

100%Sur

Min 100%SE1/4 SE1/4 13

40.00

100%Sur

Min 100%SW1/4 SE1/4 13

1201200 102 $45.00 $5,400.00 4422440.00

100%Sur

Min 100%1549

NW1/4 SW1/4 13

40.00

100%Sur

Min 100%1549

SE1/4 SW1/4 13

40.00

100%Sur

Min 100%1549

SW1/4 SW1/4 13

40N- 1201 102 $45.00 $1,800.00 N-4422540.00

100%Sur

Min 100%NE1/4 SW1/4 13

1201202 102 $150.00 $18,000.00 4422640.00

100%Sur

Min 100%1549

NE1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%15 NW1/4 NE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%1549

SW1/4 NE1/4 14

40N- 1203 102 $125.00 $5,000.00 N-4422740.00

100%Sur

Min 100%SE1/4 NE1/4 14

80N- 1204 102 $175.00 $14,000.00 N-4422840.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

14

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 283 of 341

Page 291: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

160N- 1205 102 $175.00 $28,000.00 N-4422940.00

100%Sur

Min 100%NE1/4 SE1/4 14

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%SE1/4 SE1/4 14

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

14

1601206 102 $175.00 $28,000.00 4423040.00

100%Sur

Min 100%1549

SE1/4 SW1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%15 NE1/4 SW1/4Subject to existing easements.

14

40.00

100%Sur

Min 100%15 NW1/4 SW1/4 14

40.00

100%Sur

Min 100%1549

SW1/4 SW1/4 14

80N- 1207 103 $200.00 $16,000.00 N-4423140.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

15

801208 103 $200.00 $16,000.00 4423240.00

100%Sur

Min 100%1549

NE1/4 NW1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%1549

NW1/4 NW1/4Subject to existing easements.

15

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 284 of 341

Page 292: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

80N- 1209 103 $200.00 $16,000.00 N-4423340.00

100%Sur

Min 100%SE1/4 NW1/4 15

40.00

100%Sur

Min 100%SW1/4NW1/4Subject to existing easements.

15

801210 103 $200.00 $16,000.00 4423440.00

100%Sur

Min 100%1549

NE1/4 SE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%49 SW1/4 SE1/4Subject to existing easements.

15

80N- 1211 103 $200.00 $16,000.00 N-4423540.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%SE1/4 SE1/4 15

160N- 1212 103 $200.00 $32,000.00 N-4423640.00

100%Sur

Min 100%NE1/4 SW1/4 15

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

15

160N- 1213 103 $200.00 $32,000.00 N-4423740.00

100%Sur

Min 100%NE1/4 NW1/4 16

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 285 of 341

Page 293: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 160N- 1213 103 $200.00 $32,000.00 N-4423740.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%SE1/4 NW1/4 16

40.00

100%Sur

Min 100%SW1/4 of NW1/4 16

801214 103 $200.00 $16,000.00 4423840.00

100%Sur

Min 100%1015

SE1/4 SW1/4 16

40.00

100%Sur

Min 100%101549

SW1/4 SW1/4Subject to existing easements.

16

80N- 1215 103 $200.00 $16,000.00 N-4423940.00

100%Sur

Min 100%NE1/4 SW1/4 16

40.00

100%Sur

Min 100%NW1/4 SW1/4 16

1601216 103 $200.00 $32,000.00 4424040.00

100%Sur

Min 100%1549

NE1/4 NE1/4 17

40.00

100%Sur

Min 100%1549

NW1/4 NE1/4 17

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4 17

40.00

100%Sur

Min 100%1549

SW1/4 NE1/4 17

160N- 1217 103 $200.00 $32,000.00 N-4424140.00

100%Sur

Min 100%NE1/4 NW1/4 17

40.00

100%Sur

Min 100%NW1/4 NW1/4 17

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 286 of 341

Page 294: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 160N- 1217 103 $200.00 $32,000.00 N-4424140.00

100%Sur

Min 100%SE1/4 NW1/4 17

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

17

160N- 1218 103 $200.00 $32,000.00 N-4424240.00

100%Sur

Min 100%NE1/4 SE1/4 17

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

17

1601219 103 $200.00 $32,000.00 4424340.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%15 NW1/4 SW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%1549

SE1/4 SW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

17

1601220 103 $200.00 $32,000.00 4424440.00

100%Sur

Min 100%15 NE1/4 NE1/4Subject to existing easements.

18

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 287 of 341

Page 295: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 1601220 103 $200.00 $32,000.00 4424440.00

100%Sur

Min 100%NW1/4 NE1/4 18

40.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

18

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 18

145N- 1221 103 $200.00 $29,000.00 N-4424522.98

100%Sur

Min 100%Lot 3 (SW1/4 NW1/4)Subject to existing easements.

18

39.78

100%Sur

Min 100%Lot 8 (SE1/4 NW1/4)Subject to existing easements.

18

40.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

18

42.05

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

18

401222 103 $200.00 $8,000.00 4424640.00

100%Sur

Min 100%1549

NE1/4 SE1/4Subject to existing easements.

18

113N- 1223 103 $200.00 $22,600.00 N-4424740.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

18

33.15

100%Sur

Min 100%Lot 1 (SW1/4 SE1/4) 18

39.71

100%Sur

Min 100%Lot 7 (NW1/4 SW1/4)Subject to existing easements.

18

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 288 of 341

Page 296: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

155N- 1224 103 $200.00 $31,000.00 N-4424828.06

100%Sur

Min 100%Lot 2 (NE1/4 SW1/4)Subject to existing easements.

18

46.57

100%Sur

Min 100%Lot 4 (NW1/4 SW1/4) 18

39.16

100%Sur

Min 100%Lot 5 (SE SW) 18

41.15

100%Sur

Min 100%SW1/4 SW1/4 18

143N- 1225 103 $200.00 $28,600.00 N-4424911.07

100%Sur

Min 100%Lot 6 (SE NE)Subject to existing easements.

19

30.17

100%Sur

Min 100%Lot 7 (NE1/4 NE1/4)Subject to existing easements.

19

32.95

100%Sur

Min 100%Lot 8 (NW1/4 NE1/4 ) 19

28.21

100%Sur

Min 100%Lot 9 (SE1/4 NE1/4 ) 19

40.00

100%Sur

Min 100%SW1/4 NE1/4 19

1221226 103 $200.00 $24,400.00 4425040.00

100%Sur

Min 100%1549

NE1/4 NW1/4 19

40.84

100%Sur

Min 100%15 NW1/4 NW1/4 19

40.52

100%Sur

Min 100%15 SW1/4NW1/4 19

40N- 1227 103 $200.00 $8,000.00 N-4425140.00

100%Sur

Min 100%SE1/4 NW1/4 19

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 289 of 341

Page 297: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

821228 103 $200.00 $16,400.00 4425241.68

100%Sur

Min 100%1549

Lot 1 (SW1/4 SE1/4 )Subject to existing easements.

19

40.00

100%Sur

Min 100%1549

SE1/4 SE1/4Subject to existing easements.

19

72N- 1229 103 $200.00 $14,400.00 N-4425311.66

100%Sur

Min 100%Lot 10 (NW SE) 19

21.09

100%Sur

Min 100%Lot 4(NW1/4SE1/4) 19

38.30

100%Sur

Min 100%Lot 5(NE SE)Subject to existing easements.

19

145N- 1230 103 $200.00 $29,000.00 N-4425425.93

100%Sur

Min 100%Lot 11 (NE SW) 19

39.12

100%Sur

Min 100%Lot 12 (NW1/4 SW1/4) 19

37.14

100%Sur

Min 100%Lot 13 (SW1/4 SW1/4) 19

17.85

100%Sur

Min 100%Lot 14 (SE1/4 SW1/4) 19

13.96

100%Sur

Min 100%Lot 2 (SE1/4 SW1/4) 19

10.42

100%Sur

Min 100%Lot 3 (NE1/4 SW1/4) 19

1601231 103 $200.00 $32,000.00 4425540.00

100%Sur

Min 100%1549

NE1/4 NE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%49 NW1/4 NE1/4Subject to existing easements.

20

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 290 of 341

Page 298: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 1601231 103 $200.00 $32,000.00 4425540.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%15 SW1/4 NE1/4Subject to existing easements.

20

160N- 1232 103 $200.00 $32,000.00 N-4425640.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

20

160N- 1233 103 $200.00 $32,000.00 N-4425740.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

20

1601234 103 $200.00 $32,000.00 4425840.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

20

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 291 of 341

Page 299: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 1601234 103 $200.00 $32,000.00 4425840.00

100%Sur

Min 100%1549

NW1/4 SW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

20

801235 103 $200.00 $16,000.00 4425940.00

100%Sur

Min 100%61015

SE1/4 NW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%61015

SW1/4 NW1/4Subject to existing easements.

21

80N- 1236 103 $200.00 $16,000.00 N-4426040.00

100%Sur

Min 100%34 NE1/4 NW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%34 NW1/4 NW1/4Subject to existing easements.

21

80N- 1237 103 $200.00 $16,000.00 N-4426140.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

21

160N- 1238 103 $200.00 $32,000.00 N-4426240.00

100%Sur

Min 100%34 NE1/4 SW1/4Subject to existing easements.

21

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 292 of 341

Page 300: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 160N- 1238 103 $200.00 $32,000.00 N-4426240.00

100%Sur

Min 100%34 NW1/4 SW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%34 SE1/4 SW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%34 SW1/4 SW1/4Subject to existing easements.

21

160N- 1239 103 $200.00 $32,000.00 N-4426340.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

22

1601240 103 $200.00 $32,000.00 4426440.00

100%Sur

Min 100%1549

NE1/4 NW1/4 22

40.00

100%Sur

Min 100%1549

NW1/4 NW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%15 SE1/4 NW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

22

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 293 of 341

Page 301: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

1601241 103 $200.00 $32,000.00 4426540.00

100%Sur

Min 100%1549

NE1/4 SE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%15 SE1/4 SE1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%1549

SW1/4 SE1/4Subject to existing easements.

22

160N- 1242 103 $200.00 $32,000.00 N-4426640.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%NW1/4 SW1/4 22

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

22

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

22

1201243 103 $200.00 $24,000.00 4426740.00

100%Sur

Min 100%1549

NE1/4 NE1/4 23

40.00

100%Sur

Min 100%1549

NW1/4 NE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4Subject to existing easements.

23

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 294 of 341

Page 302: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

40N- 1244 103 $200.00 $8,000.00 N-4426840.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

23

801245 103 $200.00 $16,000.00 4426940.00

100%Sur

Min 100%1549

NE1/4 NW1/4 23

40.00

100%Sur

Min 100%1549

SW1/4 NW1/4 23

80N- 1246 103 $200.00 $16,000.00 N-4427040.00

100%Sur

Min 100%NW1/4 NW1/4 23

40.00

100%Sur

Min 100%SE1/4 NW1/4 23

160N- 1247 103 $200.00 $32,000.00 N-4427140.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%NW1/4 SE1/4 23

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

23

40.00

100%Sur

Min 100%SW1/4 SE1/4 23

160N- 1248 103 $200.00 $32,000.00 N-4427240.00

100%Sur

Min 100%NE1/4 SW1/4 23

40.00

100%Sur

Min 100%NW1/4 SW1/4 23

40.00

100%Sur

Min 100%SE1/4 SW1/4 23

40.00

100%Sur

Min 100%SW1/4 SW1/4 23

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 295 of 341

Page 303: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

801249 102 $125.00 $10,000.00 4427340.00

100%Sur

Min 100%1549

SE1/4 NE1/4 24

40.00

100%Sur

Min 100%15 SW1/4NE1/4 24

80N- 1250 102 $150.00 $12,000.00 N-4427440.00

100%Sur

Min 100%NE1/4 NE1/4 24

40.00

100%Sur

Min 100%NW1/4 NE1/4 24

160N- 1251 102 $125.00 $20,000.00 N-4427540.00

100%Sur

Min 100%NE1/4 NW1/4 24

40.00

100%Sur

Min 100%NW1/4 NW1/4 24

40.00

100%Sur

Min 100%SE1/4 NW1/4 24

40.00

100%Sur

Min 100%SW1/4NW1/4 24

160N- 1252 102 $125.00 $20,000.00 N-4427640.00

100%Sur

Min 100%NE1/4 SE1/4 24

40.00

100%Sur

Min 100%NW1/4 SE1/4 24

40.00

100%Sur

Min 100%SE1/4 SE1/4 24

40.00

100%Sur

Min 100%SW1/4 SE1/4 24

801253 102 $130.00 $10,400.00 4427740.00

100%Sur

Min 100%1549

NW1/4 SW1/4Subject to existing easements.

24

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 296 of 341

Page 304: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 801253 102 $130.00 $10,400.00 4427740.00

100%Sur

Min 100%1549

SW1/4 SW1/4Subject to existing easements.

24

80N- 1254 102 $130.00 $10,400.00 N-4427840.00

100%Sur

Min 100%NE1/4 SW1/4 24

40.00

100%Sur

Min 100%SE1/4 SW1/4 24

1601255 102 $125.00 $20,000.00 4427940.00

100%Sur

Min 100%15 NE1/4 NE1/4 25

40.00

100%Sur

Min 100%1549

NW1/4 NE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%15 SW1/4 NE1/4Subject to existing easements.

25

160N- 1256 102 $125.00 $20,000.00 N-4428040.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%SW1/4 NW1/4 25

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 297 of 341

Page 305: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

160N- 1257 102 $130.00 $20,800.00 N-4428140.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

25

1601258 102 $110.00 $17,600.00 4428240.00

100%Sur

Min 100%1549

NE1/4 SW1/4 25

40.00

100%Sur

Min 100%1549

NW1/4 SW1/4 25

40.00

100%Sur

Min 100%1549

SE1/4 SW1/4Subject to existing easements.

25

40.00

100%Sur

Min 100%1549

SW1/4 SW1/4Subject to existing easements.

25

1601259 102 $140.00 $22,400.00 4428340.00

100%Sur

Min 100%1549

NE1/4 NE1/4 26

40.00

100%Sur

Min 100%1549

NW1/4 NE1/4 26

40.00

100%Sur

Min 100%SE1/4 NE1/4 26

40.00

100%Sur

Min 100%SW1/4 NE1/4 26

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 298 of 341

Page 306: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

160N- 1260 102 $180.00 $28,800.00 N-4428440.00

100%Sur

Min 100%NE1/4 NW1/4 26

40.00

100%Sur

Min 100%NW1/4 NW1/4 26

40.00

100%Sur

Min 100%SE1/4 NW1/4 26

40.00

100%Sur

Min 100%SW1/4 NW1/4 26

160N- 1261 103 $190.00 $30,400.00 N-4428540.00

100%Sur

Min 100%NE1/4 SE1/4 26

40.00

100%Sur

Min 100%NW1/4 SE 1/4 26

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

26

1601262 103 $190.00 $30,400.00 4428640.00

100%Sur

Min 100%1549

NE1/4 SW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%1549

NW1/4 SW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SW1/4 SW1/4 26

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 299 of 341

Page 307: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

1601263 103 $190.00 $30,400.00 4428740.00

100%Sur

Min 100%1549

NE1/4 NE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%1549

NW1/4 NE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%1549

SW1/4 NE1/4Subject to existing easements.

27

160N- 1264 103 $185.00 $29,600.00 N-4428840.00

100%Sur

Min 100%NE1/4 NW1/4 27

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

27

160N- 1265 103 $190.00 $30,400.00 N-4428940.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 300 of 341

Page 308: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 160N- 1265 103 $190.00 $30,400.00 N-4428940.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

27

1201266 103 $190.00 $22,800.00 4429040.00

100%Sur

Min 100%1549

NE1/4 SW1/4 27

40.00

100%Sur

Min 100%15 SE1/4 SW1/4 27

40.00

100%Sur

Min 100%1549

SW1/4 SW1/4Subject to existing easements.

27

40N- 1267 103 $190.00 $7,600.00 N-4429140.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

27

1201268 103 $190.00 $22,800.00 4429240.00

100%Sur

Min 100%61015

NW1/4 NW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%610

SE1/4 NW1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%15 SW1/4 NW1/4Subject to existing easements.

28

40N- 1269 103 $190.00 $7,600.00 N-4429340.00

100%Sur

Min 100%34 NE1/4 NW1/4 28

1201270 103 $190.00 $22,800.00 4429440.00

100%Sur

Min 100%1549

NE1/4 SW1/4 28

40.00

100%Sur

Min 100%1549

NW1/4 SW1/4Subject to existing easements.

28

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 301 of 341

Page 309: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 1201270 103 $190.00 $22,800.00 4429440.00

100%Sur

Min 100%1549

SW1/4 SW1/4Subject to existing easements.

28

40N- 1271 103 $190.00 $7,600.00 N-4429540.00

100%Sur

Min 100%SE1/4 SW1/4 28

1601272 103 $190.00 $30,400.00 4429640.00

100%Sur

Min 100%10 NE1/4 NE1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%1549

SW1/4 NE1/4Subject to existing easements.

29

160N- 1273 103 $200.00 $32,000.00 N-4429740.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

29

160N- 1274 103 $190.00 $30,400.00 N-4429840.00

100%Sur

Min 100%NE1/4 SE1/4 29

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 302 of 341

Page 310: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 160N- 1274 103 $190.00 $30,400.00 N-4429840.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%SE1/4 SE1/4 29

40.00

100%Sur

Min 100%SW1/4 SE1/4 29

1601275 103 $190.00 $30,400.00 4429940.00

100%Sur

Min 100%15 NE1/4 SW1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%1549

SE1/4 SW1/4 29

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

29

1601276 103 $190.00 $30,400.00 4430040.00

100%Sur

Min 100%15 NE1/4 NE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%1549

NW1/4 NE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%15 SW1/4 NE1/4 30

140N- 1277 103 $190.00 $26,600.00 N-4430114.87

100%Sur

Min 100%Lot 3 30

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 303 of 341

Page 311: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 140N- 1277 103 $190.00 $26,600.00 N-4430124.44

100%Sur

Min 100%Lot 4 30

39.23

100%Sur

Min 100%Lot 5 30

46.47

100%Sur

Min 100%Lot 6 30

14.74

100%Sur

Min 100%Lot 7 30

160N- 1278 103 $190.00 $30,400.00 N-4430240.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%NW1/4 SE1/4 30

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

30

801279 103 $190.00 $15,200.00 4430340.00

100%Sur

Min 100%1549

NE1/4 SW1/4 30

40.00

100%Sur

Min 100%1549

SE1/4 SW1/4Subject to existing easements.

30

70N- 1280 103 $190.00 $13,300.00 N-4430420.68

100%Sur

Min 100%Lot 1 30

18.16

100%Sur

Min 100%Lot 2 30

15.76

100%Sur

Min 100%Lot 8 30

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 304 of 341

Page 312: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 70N- 1280 103 $190.00 $13,300.00 N-4430414.65

100%Sur

Min 100%Lot 9 30

160N- 1281 103 $190.00 $30,400.00 N-4430540.00

100%Sur

Min 100%NE1/4 NE1/4 32

40.00

100%Sur

Min 100%NW1/4 NE1/4 32

40.00

100%Sur

Min 100%SE1/4NE1/4 32

40.00

100%Sur

Min 100%SW1/4NE1/4 32

1601282 103 $190.00 $30,400.00 4430640.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%1549

NW1/4 NW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%15 SE1/4 NW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%15 SW1/4NW1/4Subject to existing easements.

32

160N- 1283 103 $190.00 $30,400.00 N-4430740.00

100%Sur

Min 100%NE1/4 SE1/4 32

40.00

100%Sur

Min 100%NW l/4 of SE l/4 32

40.00

100%Sur

Min 100%SE1/4 SE1/4 32

40.00

100%Sur

Min 100%SW1/4 SE1/4 32

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 305 of 341

Page 313: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

801284 103 $190.00 $15,200.00 4430840.00

100%Sur

Min 100%1549

NE1/4 SW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%1549

SE1/4 SW1/4Subject to existing easements.

32

80N- 1285 103 $190.00 $15,200.00 N-4430940.00

100%Sur

Min 100%NW1/4 SW1/4 32

40.00

100%Sur

Min 100%SW1/4 SW1/4 32

1601286 103 $190.00 $30,400.00 4431040.00

100%Sur

Min 100%15 NE1/4 NE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%1549

NW1/4 NE1/4 34

40.00

100%Sur

Min 100%15 SE1/4 NE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%1549

SW1/4 NE1/4 34

160N- 1287 103 $190.00 $30,400.00 N-4431140.00

100%Sur

Min 100%NE1/4 NW1/4 34

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%SE1/4 NW1/4 34

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

34

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 306 of 341

Page 314: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

160N- 1288 103 $190.00 $30,400.00 N-4431240.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%NW1/4 SE1/4 34

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

34

1201289 103 $190.00 $22,800.00 4431340.00

100%Sur

Min 100%49 NW1/4 SW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%1549

SE1/4 SW1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%15 SW1/4 SW1/4Subject to existing easements.

34

40N- 1290 103 $190.00 $7,600.00 N-4431440.00

100%Sur

Min 100%NE1/4 SW1/4 34

801291 103 $190.00 $15,200.00 4431540.00

100%Sur

Min 100%1549

NE1/4 NE1/4 35

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4 35

80N- 1292 103 $190.00 $15,200.00 N-4431640.00

100%Sur

Min 100%NW1/4 NE1/4 35

40.00

100%Sur

Min 100%SW1/4 NE1/4 35

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 307 of 341

Page 315: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

160N- 1293 103 $190.00 $30,400.00 N-4431740.00

100%Sur

Min 100%NE1/4 NW1/4 35

40.00

100%Sur

Min 100%NW1/4 NW1/4 35

40.00

100%Sur

Min 100%SE1/4 NW1/4 35

40.00

100%Sur

Min 100%SW1/4 NW1/4 35

160N- 1294 103 $190.00 $30,400.00 N-4431840.00

100%Sur

Min 100%NE1/4 SE1/4 35

40.00

100%Sur

Min 100%NW1/4 SE1/4 35

40.00

100%Sur

Min 100%SE1/4 SE1/4 35

40.00

100%Sur

Min 100%SW1/4 SE1/4 35

160N- 1295 103 $190.00 $30,400.00 N-4431940.00

100%Sur

Min 100%NE1/4 SW1/4 35

40.00

100%Sur

Min 100%NW1/4 SW1/4 35

40.00

100%Sur

Min 100%SE1/4 SW1/4 35

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

35

160N- 1296 103 $190.00 $30,400.00 N-4432040.00

100%Sur

Min 100%NE1/4 NE1/4 36

40.00

100%Sur

Min 100%NW1/4 NE1/4 36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 308 of 341

Page 316: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT21N R04W

(Continued) 160N- 1296 103 $190.00 $30,400.00 N-4432040.00

100%Sur

Min 100%SE1/4 NE1/4 36

40.00

100%Sur

Min 100%SW1/4 NE1/4 36

801297 103 $190.00 $15,200.00 4432140.00

100%Sur

Min 100%1549

NW1/4 NW1/4 36

40.00

100%Sur

Min 100%15 SW1/4 NW1/4 36

80N- 1298 103 $190.00 $15,200.00 N-4432240.00

100%Sur

Min 100%NE1/4 NW1/4 36

40.00

100%Sur

Min 100%SE1/4 NW1/4 36

160N- 1299 103 $190.00 $30,400.00 N-4432340.00

100%Sur

Min 100%NE1/4 SE1/4 36

40.00

100%Sur

Min 100%NW1/4 SE1/4 36

40.00

100%Sur

Min 100%SE1/4 SE1/4 36

40.00

100%Sur

Min 100%SW1/4 SE1/4 36

160N- 1300 103 $190.00 $30,400.00 N-4432440.00

100%Sur

Min 100%NE1/4 SW1/4 36

40.00

100%Sur

Min 100%NW1/4 SW1/4 36

40.00

100%Sur

Min 100%SE1/4 SW1/4 36

40.00

100%Sur

Min 100%SW1/4 SW1/4 36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 309 of 341

Page 317: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT22N R04W

80N- 1301 103 $190.00 $15,200.00 N-4432540.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

29

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

29

80N- 1302 103 $190.00 $15,200.00 N-4432640.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

30

801303 103 $190.00 $15,200.00 4432740.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%15 SW1/4 SE1/4Subject to existing easements.

30

1601304 103 $190.00 $30,400.00 4432840.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

30

39.47

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%15 SE1/4 SW1/4Subject to existing easements.

30

40.42

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

30

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 310 of 341

Page 318: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT22N R04W

160N- 1305 103 $190.00 $30,400.00 N-4432940.00

100%Sur

Min 100%NE1/4 NE1/4 31

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%SE1/4 NE1/4 31

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

31

1641306 103 $190.00 $31,160.00 4433040.00

100%Sur

Min 100%1549

NE1/4 NW1/4 31

41.40

100%Sur

Min 100%1549

NW1/4 NW1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%1549

SE1/4 NW1/4 31

42.41

100%Sur

Min 100%1549

SW1/4 NW1/4 31

160N- 1307 103 $190.00 $30,400.00 N-4433140.00

100%Sur

Min 100%NE1/4 SE1/4 31

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%SE1/4 SE1/4 31

40.00

100%Sur

Min 100%SW1/4 SE1/4 31

1251308 103 $190.00 $23,750.00 4433240.00

100%Sur

Min 100%1549

NE1/4 SW1/4Subject to existing easements.

31

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 311 of 341

Page 319: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT22N R04W

(Continued) 1251308 103 $190.00 $23,750.00 4433240.00

100%Sur

Min 100%1549

SE1/4 SW1/4Subject to existing easements.

31

44.45

100%Sur

Min 100%1549

SW1/4 SW1/4Subject to existing easements.

31

44N- 1309 103 $190.00 $8,360.00 N-4433343.43

100%Sur

Min 100%NW1/4 SW1/4 31

160N- 1310 103 $190.00 $30,400.00 N-4433440.00

100%Sur

Min 100%NE1/4 NE1/4 32

40.00

100%Sur

Min 100%NW1/4 NE1/4 32

40.00

100%Sur

Min 100%SE1/4 NE1/4 32

40.00

100%Sur

Min 100%SW1/4 NE1/4 32

160N- 1311 103 $190.00 $30,400.00 N-4433540.00

100%Sur

Min 100%NE1/4 NW1/4 32

40.00

100%Sur

Min 100%NW1/4 NW1/4 32

40.00

100%Sur

Min 100%SE1/4 NW1/4 32

40.00

100%Sur

Min 100%SW1/4 NW1/4 32

160N- 1312 103 $190.00 $30,400.00 N-4433640.00

100%Sur

Min 100%NE1/4 SE1/4 32

40.00

100%Sur

Min 100%NW1/4 SE1/4 32

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 312 of 341

Page 320: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT22N R04W

(Continued) 160N- 1312 103 $190.00 $30,400.00 N-4433640.00

100%Sur

Min 100%SE1/4 SE1/4 32

40.00

100%Sur

Min 100%SW1/4 SE1/4 32

401313 103 $190.00 $7,600.00 4433740.00

100%Sur

Min 100%1549

SW1/4 SW1/4 32

80N- 1314 103 $190.00 $15,200.00 N-4433840.00

100%Sur

Min 100%NE1/4 SW1/4 32

40.00

100%Sur

Min 100%SE1/4 SW1/4 32

Roscommon CountyT24N R03W

20N- 1315 102 $35.00 $700.00 N-4433920.00

100%Sur

Min 100%E1/2 NW1/4 NE1/4 19

55N- 1316 102 $35.00 $1,925.00 N-4434010.00

100%Sur

Min 100%NW1/4 SE1/4 NE1/4 30

5.00

100%Sur

Min 100%S1/2 NE1/4 SE1/4 NE1/4 30

40.00

100%Sur

Min 100%SW1/4 NE1/4 30

1351317 102 $35.00 $4,725.00 4434118.44

100%Sur

Min 100%E1/2 SW1/4 NW1/4 30

40.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

30

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 313 of 341

Page 321: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R03W

(Continued) 1351317 102 $35.00 $4,725.00 4434136.03

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

30

40.00

100%Sur

Min 100%SE1/4 NW1/4 30

1411318 102 $35.00 $4,935.00 443421.00

100%Sur

Min 100%1 square acre in SE corner of E1/2 NW1/4 NE1/4 31

10.00

100%Sur

Min 100%N1/2 S1/2 SE1/4 NE1/4 31

20.00

100%Sur

Min 100%N1/2 SE1/4 NE1/4 31

40.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

31

10.00

100%Sur

Min 100%S1/2 S1/2 SE1/4 NE1/4 31

40.00

100%Sur

Min 100%SW1/4 NE1/4 31

20.00

100%Sur

Min 100%W1/2 NW1/4 NE1/4Subject to existing easements.

31

70N- 1319 102 $35.00 $2,450.00 N-443439.85

100%Sur

Min 100%NE1/4 NW1/4 NW1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%SE1/4NW1/4 31

20.00

100%Sur

Min 100%W1/2 NE1/4 NW1/4Subject to existing easements.

31

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 314 of 341

Page 322: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R03W

80N- 1320 102 $45.00 $3,600.00 N-4434420.00

100%Sur

Min 100%N1/2 NW1/4 SE1/4Subject to existing easements.

31

20.00

100%Sur

Min 100%N1/2 SE1/4 SE1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

31

1331321 102 $35.00 $4,655.00 4434510.00

100%Sur

Min 100%E1/2 W1/2 SE1/4 SW1/4Subject to existing easements.

31

40.00

100%Sur

Min 100%NE1/4 SW1/4 31

40.89

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

31

41.63

100%Sur

Min 100%SW1/4SW1/4Subject to existing easements.

31

80N- 1322 102 $35.00 $2,800.00 N-4434640.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

32

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

32

40N- 1323 102 $35.00 $1,400.00 N-4434740.00

100%Sur

Min 100%NW1/4 SW1/4 32

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 315 of 341

Page 323: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

40N- 1324 103 $190.00 $7,600.00 N-4434840.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

3

401325 103 $190.00 $7,600.00 4434940.00

100%Sur

Min 100%61549

NW1/4 SW1/4Subject to existing easements.

3

86N- 1326 103 $190.00 $16,340.00 N-4435019.50

100%Sur

Min 100%NE1/4 SW1/4 except a strip of land which lies bet a linecommencing S 89d44'18" W 513.60 feet, th NE'ly alongan arc of a curve to the right to S 1/8 ln of said sectionand pob, th continuing along said curve a distance of2217.51 feet from S ln of section, th S 75d54'01" E 120feet, th N 14d23'59" E 117.70 feet, th N 75d54'01" W120 feet, th NE'ly to E/W 1/4 ln and a line 70 feet W'lyof the S bound survey line of Hwy US-27 relocatedSubject to existing easements.

3

26.37

100%Sur

Min 100%SE1/4 SW1/4 except a strip of land which lies bet a line100 feet E'ly of the N bound survey line of Hwy US-27relocated and a line 75 feet W'ly of the S bound surveyline of Hwy US-27 relocatedSubject to existing easements.

3

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

3

2281327 103 $190.00 $43,320.00 4435134.04

100%Sur

Min 100%1015163349

LOT 1 4

33.57

100%Sur

Min 100%1549

LOT 2Subject to existing easements.

4

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 316 of 341

Page 324: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 2281327 103 $190.00 $43,320.00 4435140.00

100%Sur

Min 100%1015163349

NE1/4 NE1/4 4

40.00

100%Sur

Min 100%1549

NW1/4 NE1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%1549

SW1/4 NE1/4Subject to existing easements.

4

226N- 1328 103 $190.00 $42,940.00 N-4435233.10

100%Sur

Min 100%LOT 3Subject to existing easements.

4

32.63

100%Sur

Min 100%LOT 4Subject to existing easements.

4

40.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

4

120N- 1329 103 $190.00 $22,800.00 N-4435320.00

100%Sur

Min 100%E1/2 NW1/4 SE1/4 4

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 317 of 341

Page 325: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 120N- 1329 103 $190.00 $22,800.00 N-443535.00

100%Sur

Min 100%E1/2 NW1/4 SE1/4 SE1/4 4

20.00

100%Sur

Min 100%E1/2 SE1/4 SE1/4Subject to existing easements.

4

10.00

100%Sur

Min 100%SE1/4 NE1/4 SE1/4Subject to existing easements.

4

10.00

100%Sur

Min 100%SW1/4 NE1/4 SE1/4 4

10.00

100%Sur

Min 100%SW1/4 NW1/4 SE1/4 4

40.00

100%Sur

Min 100%SW1/4 SE1/4 4

5.00

100%Sur

Min 100%W1/2 NW1/4 SE1/4 SE1/4 4

401330 103 $190.00 $7,600.00 4435440.00

100%Sur

Min 100%1549

NW1/4 SW1/4Subject to existing easements.

4

120N- 1331 103 $190.00 $22,800.00 N-4435540.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

4

40.00

100%Sur

Min 100%SE1/4 SW1/4 4

40.00

100%Sur

Min 100%SW1/4 SW1/4 4

1931332 103 $190.00 $36,670.00 4435632.09

100%Sur

Min 100%1549

LOT 1 5

40.00

100%Sur

Min 100%1549

NE1/4 NE1/4Subject to existing easements.

5

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 318 of 341

Page 326: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 1931332 103 $190.00 $36,670.00 4435640.00

100%Sur

Min 100%1549

NW1/4 NE1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%1549

SE1/4 NE1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

5

32N- 1333 103 $190.00 $6,080.00 N-4435731.46

100%Sur

Min 100%LOT 2Subject to existing easements.

5

196N- 1334 103 $190.00 $37,240.00 N-443585.00

100%Sur

Min 100%E1/2 SW1/4 NW1/4 NW1/4Subject to existing easements.

5

30.82

100%Sur

Min 100%LOT 3Subject to existing easements.

5

30.18

100%Sur

Min 100%LOT 4Subject to existing easements.

5

40.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

5

10.00

100%Sur

Min 100%NW1/4 NW1/4 NW1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

5

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 319 of 341

Page 327: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

160N- 1335 103 $190.00 $30,400.00 N-4435940.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%SE1/4 SE1/4 5

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

5

1601336 103 $190.00 $30,400.00 4436040.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

5

40.00

100%Sur

Min 100%SW1/4 SW1/4 5

214N- 1337 103 $190.00 $40,660.00 N-4436128.41

100%Sur

Min 100%Lot 1 (Frl. NE NE)Subject to existing easements.

6

25.52

100%Sur

Min 100%Lot 2 (Frl. NW NE)Subject to existing easements.

6

40.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

6

40.00

100%Sur

Min 100%NW1/4 NE1/4 6

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 320 of 341

Page 328: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 214N- 1337 103 $190.00 $40,660.00 N-4436140.00

100%Sur

Min 100%SE1/4 NE1/4 6

40.00

100%Sur

Min 100%SW1/4 NE1/4 6

1781338 103 $190.00 $33,820.00 4436222.64

100%Sur

Min 100%LOT 3Subject to existing easements.

6

40.00

100%Sur

Min 100%NE1/4 NW1/4 6

46.74

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

6

40.00

100%Sur

Min 100%SE1/4 NW1/4 6

28.27

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

6

1601339 103 $190.00 $30,400.00 4436340.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

6

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

6

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

6

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

6

801340 102 $125.00 $10,000.00 4436440.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

7

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 321 of 341

Page 329: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 801340 102 $125.00 $10,000.00 4436440.00

100%Sur

Min 100%SE1/4 NE1/4 7

40N- 1341 102 $130.00 $5,200.00 N-4436540.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

7

115N- 1342 102 $140.00 $16,100.00 N-4436640.00

100%Sur

Min 100%NE1/4 NE1/4 8

10.00

100%Sur

Min 100%NE1/4 SW1/4 NE1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

8

20.00

100%Sur

Min 100%S1/2 SW1/4 NE1/4 8

5.00

100%Sur

Min 100%W1/2 NW1/4 SW1/4 NE1/4 8

1551343 102 $120.00 $18,600.00 4436720.00

100%Sur

Min 100%N1/2 SE1/4 NW1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%NW1/4 NW1/4 8

10.00

100%Sur

Min 100%SE1/4 SE1/4 NW1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%SW1/4 NW1/4 8

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 322 of 341

Page 330: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 1551343 102 $120.00 $18,600.00 443675.00

100%Sur

Min 100%W1/2 SW1/4 SE1/4 NW1/4Subject to existing easements.

8

351344 102 $140.00 $4,900.00 443685.00

100%Sur

Min 100%1549

E1/2 SW1/4 NW1/4 SE1/4 8

20.00

100%Sur

Min 100%1549

N1/2 NW1/4 SE1/4Subject to existing easements.

8

10.00

100%Sur

Min 100%1549

SE1/4 NW1/4 SE1/4 8

120N- 1345 102 $140.00 $16,800.00 N-4436940.00

100%Sur

Min 100%NE1/4 SE1/4 8

40.00

100%Sur

Min 100%SE1/4 SE1/4 8

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

8

160N- 1346 102 $140.00 $22,400.00 N-4437040.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%NW1/4 SW1/4 8

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

8

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

8

45N- 1347 102 $140.00 $6,300.00 N-4437110.00

100%Sur

Min 100%NE1/4 SW1/4 NE1/4 9

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 323 of 341

Page 331: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 45N- 1347 102 $140.00 $6,300.00 N-4437110.00

100%Sur

Min 100%SW1/4 NW1/4 NE1/4 9

5.00

100%Sur

Min 100%W1/2 SE1/4 SW1/4 NE1/4 9

20.00

100%Sur

Min 100%W1/2 SW1/4 NE1/4 9

160N- 1348 102 $140.00 $22,400.00 N-4437240.00

100%Sur

Min 100%NE1/4 NW1/4 9

40.00

100%Sur

Min 100%NW1/4 NW1/4 9

40.00

100%Sur

Min 100%SE1/4 NW1/4 9

40.00

100%Sur

Min 100%SW1/4 NW1/4 9

150N- 1349 102 $140.00 $21,000.00 N-4437330.00

100%Sur

Min 100%E3/4 SW1/4 SE1/4 9

20.00

100%Sur

Min 100%N1/2 SE1/4 SE1/4 9

40.00

100%Sur

Min 100%NE1/4 SE1/4 9

40.00

100%Sur

Min 100%NW1/4 SE1/4 9

5.00

100%Sur

Min 100%S1/2 SE1/4 SE1/4 SE1/4 9

10.00

100%Sur

Min 100%SW1/4 SE1/4 SE1/4 9

5.00

100%Sur

Min 100%1549

W1/2 SW1/4 SW1/4 SE1/4 9

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 324 of 341

Page 332: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

160N- 1350 102 $140.00 $22,400.00 N-4437440.00

100%Sur

Min 100%NE1/4 SW1/4 9

40.00

100%Sur

Min 100%NW1/4 SW1/4 9

40.00

100%Sur

Min 100%SE1/4 SW1/4 9

40.00

100%Sur

Min 100%SW1/4 SW1/4 9

20N- 1351 102 $160.00 $3,200.00 N-4437510.00

100%Sur

Min 100%NW1/4 SW1/4 NW1/4 10

10.00

100%Sur

Min 100%SW1/4 SW1/4 NW1/4 10

80N- 1352 102 $110.00 $8,800.00 N-4437640.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

15

1271353 102 $45.00 $5,715.00 4437722.92

100%Sur

Min 100%NE1/4 NW1/4 except that part lying within hwy r/wSubject to existing easements.

15

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

15

23.95

100%Sur

Min 100%SE1/4 NW1/4 except that part lying within hwy r/wSubject to existing easements.

15

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

15

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 325 of 341

Page 333: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

80N- 1354 102 $45.00 $3,600.00 N-4437840.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

15

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

15

128N- 1355 102 $85.00 $10,880.00 N-4437926.13

100%Sur

Min 100%NE1/4 SW1/4 except that part lying within hwy r/wSubject to existing easements.

15

38.15

100%Sur

Min 100%NW1/4 SW1/4 except that part lying within hwy r/wSubject to existing easements.

15

25.01

100%Sur

Min 100%SE1/4 SW1/4 except that part lying within hwy r/wSubject to existing easements.

15

38.41

100%Sur

Min 100%SW1/4 SW1/4 except that part lying within hwy r/wSubject to existing easements.

15

150N- 1356 102 $65.00 $9,750.00 N-443805.00

100%Sur

Min 100%E1/2 SE1/4 NE1/4 NE1/4Subject to existing easements.

16

20.00

100%Sur

Min 100%N1/2 NE1/4 NE1/4Subject to existing easements.

16

10.00

100%Sur

Min 100%NE1/4 SW1/4 NE1/4 16

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

16

15.00

100%Sur

Min 100%W1/2 SE1/4 NE1/4 NE1/4 & SE1/4 SW1/4 NE1/4 16

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 326 of 341

Page 334: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 150N- 1356 102 $65.00 $9,750.00 N-4438020.00

100%Sur

Min 100%W1/2 SW1/4 NE1/4Subject to existing easements.

16

1601357 102 $45.00 $7,200.00 4438120.00

100%Sur

Min 100%N1/2 SE1/4 NW1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%1549

NW1/4 NW1/4 16

20.00

100%Sur

Min 100%S1/2 SE1/4 NW1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

16

1201358 102 $45.00 $5,400.00 4438240.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

16

39.73

100%Sur

Min 100%SE1/4 SE1/4 except that part lying within hwy r/wSubject to existing easements.

16

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

16

150N- 1359 102 $45.00 $6,750.00 N-4438320.00

100%Sur

Min 100%E1/2 NE1/4 SW1/4Subject to existing easements.

16

10.00

100%Sur

Min 100%NW1/4 NE1/4 SW1/4Subject to existing easements.

16

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 327 of 341

Page 335: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 150N- 1359 102 $45.00 $6,750.00 N-4438340.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

16

40.00

100%Sur

Min 100%SW1/4 SW1/4Subject to existing easements.

16

160N- 1360 102 $45.00 $7,200.00 N-4438440.00

100%Sur

Min 100%NE1/4 NE1/4 17

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SE1/4 NE1/4 17

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

17

1601361 102 $45.00 $7,200.00 4438540.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%NW1/4 NW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

17

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 328 of 341

Page 336: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

1601362 102 $45.00 $7,200.00 4438640.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

17

160N- 1363 102 $45.00 $7,200.00 N-4438740.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%NW1/4 SW1/4 17

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

17

40.00

100%Sur

Min 100%SW1/4 SW1/4 17

80N- 1364 102 $45.00 $3,600.00 N-4438840.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

18

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

18

1601365 102 $45.00 $7,200.00 4438940.00

100%Sur

Min 100%NE1/4 SE1/4 18

40.00

100%Sur

Min 100%NW1/4 SE1/4 18

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 329 of 341

Page 337: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 1601365 102 $45.00 $7,200.00 4438940.00

100%Sur

Min 100%SE1/4 SE1/4 18

40.00

100%Sur

Min 100%SW1/4 SE1/4 18

80N- 1366 102 $45.00 $3,600.00 N-4439040.00

100%Sur

Min 100%SE1/4 NE1/4 19

40.00

100%Sur

Min 100%SW1/4 NE1/4 19

110N- 1367 102 $45.00 $4,950.00 N-4439140.00

100%Sur

Min 100%NE1/4 NW1/4 19

40.00

100%Sur

Min 100%SE1/4 NW1/4 19

29.74

100%Sur

Min 100%SW1/4 NW1/4 19

160N- 1368 102 $45.00 $7,200.00 N-4439240.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

20

40.00

100%Sur

Min 100%SW1/4 NE1/4 20

145N- 1369 102 $45.00 $6,525.00 N-4439310.00

100%Sur

Min 100%E1/2 E1/2 NW1/4 NW1/4 20

40.00

100%Sur

Min 100%NE1/4 NW1/4 20

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 330 of 341

Page 338: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 145N- 1369 102 $45.00 $6,525.00 N-4439310.00

100%Sur

Min 100%NW1/4 NW1/4 NW1/4 20

40.00

100%Sur

Min 100%SE1/4 NW1/4 20

40.00

100%Sur

Min 100%SW1/4 NW1/4 20

5.00

100%Sur

Min 100%W1/2 SE1/4 NW1/4 NW1/4 20

160N- 1370 102 $45.00 $7,200.00 N-4439440.00

100%Sur

Min 100%NE1/4 SE1/4 20

40.00

100%Sur

Min 100%NW1/4 SE1/4 20

40.00

100%Sur

Min 100%SE1/4 SE1/4 20

40.00

100%Sur

Min 100%SW1/4 SE1/4 20

160N- 1371 102 $45.00 $7,200.00 N-4439540.00

100%Sur

Min 100%NE1/4 NE1/4 21

40.00

100%Sur

Min 100%NW1/4 NE1/4 21

40.00

100%Sur

Min 100%SE1/4 NE1/4 21

40.00

100%Sur

Min 100%SW1/4 NE1/4 21

1551372 102 $45.00 $6,975.00 443965.00

100%Sur

Min 100%E1/2 NE1/4 SE1/4 NW1/4 21

40.00

100%Sur

Min 100%NE1/4 NW1/4 21

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 331 of 341

Page 339: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 1551372 102 $45.00 $6,975.00 4439640.00

100%Sur

Min 100%NW1/4 NW1/4 21

10.00

100%Sur

Min 100%SE1/4 SE1/4 NW1/4 21

40.00

100%Sur

Min 100%SW1/4 NW1/4Subject to existing easements.

21

20.00

100%Sur

Min 100%W1/2 SE1/4 NW1/4 21

1601373 102 $45.00 $7,200.00 4439740.00

100%Sur

Min 100%NE1/4 SE1/4 21

40.00

100%Sur

Min 100%NW1/4 SE1/4 21

40.00

100%Sur

Min 100%SE1/4 SE1/4 21

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

21

160N- 1374 102 $45.00 $7,200.00 N-4439840.00

100%Sur

Min 100%NE1/4 SW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%NW1/4 SW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%SE1/4 SW1/4Subject to existing easements.

21

40.00

100%Sur

Min 100%SW1/4 SW1/4 21

301375 102 $45.00 $1,350.00 4439920.00

100%Sur

Min 100%N1/2 NE1/4 NE1/4 25

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 332 of 341

Page 340: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 301375 102 $45.00 $1,350.00 4439910.00

100%Sur

Min 100%SE1/4 NE1/4 NE1/4Subject to existing easements.

25

601376 102 $45.00 $2,700.00 4440040.00

100%Sur

Min 100%61549

SW1/4 SE1/4Subject to existing easements.

25

20.00

100%Sur

Min 100%1549

W1/2 SE1/4 SE1/4Subject to existing easements.

25

60N- 1377 102 $45.00 $2,700.00 N-4440140.00

100%Sur

Min 100%NW1/4 SW1/4 25

20.00

100%Sur

Min 100%W1/2 SE1/4 SW1/4Subject to existing easements.

25

100N- 1378 102 $45.00 $4,500.00 N-4440210.00

100%Sur

Min 100%NW1/4 NW1/4 NE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SE1/4 NE1/4 26

40.00

100%Sur

Min 100%SW1/4 NE1/4 26

10.00

100%Sur

Min 100%SW1/4 NW1/4 NE1/4 26

40N- 1379 102 $45.00 $1,800.00 N-4440340.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

26

160N- 1380 102 $45.00 $7,200.00 N-4440440.00

100%Sur

Min 100%NE1/4 SE1/4 26

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 333 of 341

Page 341: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 160N- 1380 102 $45.00 $7,200.00 N-4440440.00

100%Sur

Min 100%NW1/4 SE1/4 26

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

26

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

26

901381 102 $45.00 $4,050.00 4440540.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

27

10.00

100%Sur

Min 100%SE1/4 NE1/4 NE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

27

65N- 1382 102 $45.00 $2,925.00 N-4440624.85

100%Sur

Min 100%SE1/4 NW1/4 exc. that part described as that part of astrip of land which lies between a line 100 ft W'ly of theS bound survey line of Hwy US-27 relocated and a line100 ft E'ly of the N bound survey line of Hwy US-27relocatedSubject to existing easements.

27

40.00

100%Sur

Min 100%SW1/4 NW1/4 27

120N- 1383 102 $45.00 $5,400.00 N-4440740.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

27

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

27

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 334 of 341

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d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 120N- 1383 102 $45.00 $5,400.00 N-4440740.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

27

351384 102 $45.00 $1,575.00 4440824.44

100%Sur

Min 100%1549

NE1/4 SW1/4 except that part lying within hwy r/wSubject to existing easements.

27

10.19

100%Sur

Min 100%1549

SE1/4 SW1/4 except that part lying within hwy r/wSubject to existing easements.

27

72N- 1385 102 $45.00 $3,240.00 N-4440939.72

100%Sur

Min 100%NW1/4 SW1/4 except that part lying within hwy r/wSubject to existing easements.

27

31.88

100%Sur

Min 100%SW1/4 SW1/4 except that part lying within hwy r/wSubject to existing easements.

27

155N- 1386 102 $45.00 $6,975.00 N-444105.00

100%Sur

Min 100%N1/2 SE1/4 SE1/4 NE1/4 28

40.00

100%Sur

Min 100%NE1/4 NE1/4 28

10.00

100%Sur

Min 100%NE1/4 SE1/4 NE1/4 28

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

28

20.00

100%Sur

Min 100%W1/2 SE1/4 NE1/4 28

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 335 of 341

Page 343: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

160N- 1387 102 $45.00 $7,200.00 N-4441140.00

100%Sur

Min 100%NE1/4 NW1/4 28

40.00

100%Sur

Min 100%NW1/4 NW1/4 28

40.00

100%Sur

Min 100%SE1/4 NW1/4 28

40.00

100%Sur

Min 100%SW1/4 NW1/4 28

1601388 102 $45.00 $7,200.00 4441240.00

100%Sur

Min 100%1549

NE1/4 SE1/4 28

40.00

100%Sur

Min 100%1549

NW1/4 SE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%151949

SE1/4 SE1/4Subject to existing easements.

28

40.00

100%Sur

Min 100%1549

SW1/4 SE1/4Subject to existing easements.

28

160N- 1389 102 $45.00 $7,200.00 N-4441340.00

100%Sur

Min 100%NE1/4 NE1/4 29

40.00

100%Sur

Min 100%NW1/4 NE1/4 29

40.00

100%Sur

Min 100%SE1/4 NE1/4 29

40.00

100%Sur

Min 100%SW1/4 NE1/4 29

160N- 1390 102 $45.00 $7,200.00 N-4441440.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

33

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 336 of 341

Page 344: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 160N- 1390 102 $45.00 $7,200.00 N-4441440.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

33

40.00

100%Sur

Min 100%SE1/4 NE1/4 33

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

33

80N- 1391 102 $45.00 $3,600.00 N-4441540.00

100%Sur

Min 100%NE1/4 SE1/4 33

40.00

100%Sur

Min 100%NW1/4 SE1/4Subject to existing easements.

33

40N- 1392 102 $45.00 $1,800.00 N-4441640.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

34

301393 102 $45.00 $1,350.00 4441729.90

100%Sur

Min 100%1549

NW1/4 NW1/4 except that part lying within hwy r/wSubject to existing easements.

34

60N- 1394 102 $45.00 $2,700.00 N-444181.53

100%Sur

Min 100%NE1/4 NW1/4 except that part lying within hwy r/wSubject to existing easements.

34

18.64

100%Sur

Min 100%SE1/4 NW1/4 except that part lying within hwy r/wSubject to existing easements.

34

39.72

100%Sur

Min 100%SW1/4 NW1/4 except that part lying within hwy r/wSubject to existing easements.

34

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 337 of 341

Page 345: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

80N- 1395 102 $45.00 $3,600.00 N-4441940.00

100%Sur

Min 100%NE1/4 SE1/4Subject to existing easements.

34

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

34

63N- 1396 102 $45.00 $2,835.00 N-4442022.50

100%Sur

Min 100%NE1/4 SW1/4 except that part lying within hwy r/wSubject to existing easements.

34

40.00

100%Sur

Min 100%NW1/4 SW1/4 34

801397 102 $45.00 $3,600.00 4442140.00

100%Sur

Min 100%1549

NE1/4 NE1/4 35

40.00

100%Sur

Min 100%1549

NW1/4 NE1/4Subject to existing easements.

35

80N- 1398 102 $45.00 $3,600.00 N-4442240.00

100%Sur

Min 100%SE1/4 NE1/4 35

40.00

100%Sur

Min 100%SW1/4 NE1/4 35

801399 102 $45.00 $3,600.00 4442340.00

100%Sur

Min 100%31549

NE1/4 NW1/4Subject to existing easements.

35

40.00

100%Sur

Min 100%1549

NW1/4 NW1/4Subject to existing easements.

35

80N- 1400 102 $45.00 $3,600.00 N-4442440.00

100%Sur

Min 100%SE1/4 NW1/4 35

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 338 of 341

Page 346: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

(Continued) 80N- 1400 102 $45.00 $3,600.00 N-4442440.00

100%Sur

Min 100%SW1/4 NW1/4 35

160N- 1401 102 $45.00 $7,200.00 N-4442540.00

100%Sur

Min 100%NE1/4 SE1/4 35

40.00

100%Sur

Min 100%NW1/4 SE1/4 35

40.00

100%Sur

Min 100%SE1/4 SE1/4 35

40.00

100%Sur

Min 100%SW1/4 SE1/4 35

160N- 1402 102 $45.00 $7,200.00 N-4442640.00

100%Sur

Min 100%NE1/4 SW1/4 35

40.00

100%Sur

Min 100%NW1/4 SW1/4 35

40.00

100%Sur

Min 100%SE1/4 SW1/4 35

40.00

100%Sur

Min 100%SW1/4 SW1/4 35

1601403 102 $45.00 $7,200.00 4442740.00

100%Sur

Min 100%NE1/4 NE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%NW1/4 NE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SE1/4 NE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SW1/4 NE1/4Subject to existing easements.

36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 339 of 341

Page 347: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Roscommon CountyT24N R04W

120N- 1404 102 $45.00 $5,400.00 N-4442840.00

100%Sur

Min 100%NE1/4 NW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SE1/4 NW1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SW1/4 NW1/4 36

130N- 1405 102 $45.00 $5,850.00 N-4442920.00

100%Sur

Min 100%N1/2 NE1/4 SE1/4Subject to existing easements.

36

10.00

100%Sur

Min 100%NE1/4 NW1/4 SE1/4 36

20.00

100%Sur

Min 100%S1/2 NW1/4 SE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SE1/4 SE1/4Subject to existing easements.

36

40.00

100%Sur

Min 100%SW1/4 SE1/4Subject to existing easements.

36

1351406 102 $45.00 $6,075.00 444305.00

100%Sur

Min 100%1549

E1/2 SE1/4 NE1/4 SW1/4 36

40.00

100%Sur

Min 100%31549

NW1/4 SW1/4 36

40.00

100%Sur

Min 100%1549

SE1/4 SW1/4 36

10.00

100%Sur

Min 100%SW1/4 NE1/4 SW1/4 36

40.00

100%Sur

Min 100%1549

SW1/4 SW1/4 36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 340 of 341

Page 348: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

d_aucrprts_auc_rslts

Description Offering Number

Section

Lease Acres Equity

Bid Acres

Bidder Number

Per Acre Bid

Department of Natural ResourcesState Of Michigan Land Ownership Tracking System

Total Bid

LeaseNumber

Mineral Lease Auction ResultsOil And Gas Lease Auction Thursday May 1, 2008

Wexford CountyT23N R09W

80N- 1407 120 $13.00 $1,040.00 N-4443140.00

100%Sur

Min 100%NE1/4 NE1/4 36

40.00

100%Sur

Min 100%SE1/4 NE1/4 36

401408 120 $13.00 $520.00 4443240.00

0%Sur

Min 100%1549

SW1/4 SE1/4 36

40N- 1409 120 $13.00 $520.00 N-4443340.00

100%Sur

Min 100%NW1/4 SE1/4 36

* = Attorney Title Opinion Required. See Oil and Gas Lease Auction Guidelines.

May 07, 2008 04:46 pm Printed By: vennek Page 341 of 341

Page 349: Mineral Lease Auction Results - DNR - Department of ... Petro-Vest, Inc. 360.00 $41,400.00 P.O. Box 653 Mt. Pleasant, MI 48804 106 Douglas G. Boyd NO BID NO BID 107 Clayton Energy

Printed by Authority of 1994 PA 451, as amended. PR0351 (Rev. 01/09/2006)

MDNR NONDISCRIMINATION STATEMENT

The Michigan Department of Natural Resources provides equal opportunities for employment and access to Michigan's natural resources. Both State and Federal laws prohibit discrimination on the basis of race, color, national origin, religion, disability, age, sex, height, weight or marital status under the U.S. Civil Rights Acts of 1964 as amended, 1976 MI PA 453, 1976 MI PA 220, Title V of the Rehabilitation Act of 1973 as amended, and the 1990 Americans with Disabilities Act, as amended.

If you believe that you have been discriminated against in any program, activity, or facility, or if you desire additional information, please write: Human Resources, Michigan Department of Natural Resources, PO Box 30028, Lansing MI 48909-7528, or Michigan Department of Civil Rights, Cadillac Place, 3054 West Grand Blvd, Suite 3-600, Detroit, MI 48202, or Division of Federal Assistance, U.S. Fish & Wildlife Service, 4401 North Fairfax Drive, Mail Stop MBSP-4020, Arlington, VA 22203.

For information or assistance on this publication, contact Kimberly Venne, Forest, Mineral and Fire Management, Michigan Department of Natural Resources, P.O. Box 30452, Lansing, MI 48909-7952.

This publication is available in alternative formats upon request.

MDNR MEETING ACCOMODATIONS Persons with disabilities needing accommodations for the meeting should contact the DNR at 517-335- 3242. TTY/TTD: 711 (Michigan Relay Center)

LIABILITY. Grantee hereby releases, waives, discharges and covenants not to sue the State of Michigan, its departments, officers, employees and agents, from any and all liability to Grantee, its officers, employees and agents, for all losses, injury, death or damage, and any claims or demands thereto, on account of injury to person or property, or resulting in death of Grantee, its officers, employees or agents, in reference to the activities authorized by this permit. INDEMNIFICATION. Grantee hereby covenants and agrees to indemnify and save harmless, the State of Michigan, its departments, officers, employees and agents, from any and all claims and demands, for all loss, injury, death or damage, that any person or entity may have or make, in any manner, arising out of any occurrence related to (1) issuance of this permit; (2) the activities authorized by this permit; and (3) the use or occupancy of the premises which are the subject of this permit by the Grantee, its employees, contractors, or its authorized representatives.