>January 2010, Lycoming County, Pennsylvania

 WhitMar announces that the first two horizontal Marcellus wells drilled on its Nittany Prospect have been completed, with both wells having IP’s in excess of 5,000 MCFGD.  

>March 2010, McKenzie County, North Dakota

 WhitMar announces the formation of a joint venture with Nadel & Gussman for the drilling of horizontal Bakken wells in WhitMar’s Bicentennial Prospect in the Williston Basin. The first well should spud by third quarter of 2010.

>April 2010, Lycoming County, Pennsylvania

 WhitMar announces that the second two horizontal Marcellus wells drilled on its Nittany Prospect have been completed, with both wells having IP’s in excess of 7,000 MCFGD.

>May 2010, Chemung County, New York

 WhitMar announces the commencement of drilling operations on two Trenton-Black River wells with JV Partner, Anschutz Petroleum, in its ongoing Trenton-Black River drilling program in its Horseheads Prospect in Chemung County, NY.

>June 2010, Chemung County, New York

 WhitMar announces the successful completion of the Dow #1 well in its Horseheads Prospect, a Trenton-Black River play in upstate New York. The horizontal well encountered 1,000 feet of gas shows in a heavily dolomitized section of the Trenton-Black River formation and tested to the atmosphere at a steady 8,000 MCFGD for 24 hours with 3,500 PSI tubing pressure. The well is shut-in and pipeline ROW is being secured, and the well is expected to turn into sales at 10,000 MCFGD in 4Q 2010. WhitMar’s partner, Anschutz Petroleum, is the operator of the well with a 46.6% working interest and WhitMar has a 30.6% working interest in the well. Other WhitMar partners own the remainder of the working interest.

>July, 2010, Lycoming County, PA

 WhitMar announces the completion of the fifth Marcellus Shale well drilled in our 35,000 acre Nittany Prospect with joint venture XTO, with an IP in excess of 6,000 MCFGD.

>July, 2010, Luzerne County, PA

 WhitMar announces the commencement of drilling operations of the Buda #1 well, the first Marcellus Shale well in our 30,000 acre Moose Prospect with joint venture partner, EnCana Oil and Gas, (USA) Inc.

>August 2010, Susquehanna County, PA

 WhitMar announces the commencement of drilling operations of the first horizontal Marcellus Shale Well (Loomis #3) in our 25,000 acre Pleasant Mount Prospect with joint venture partners, Stone Energy and Carrizo Oil and Gas.

>September, 2010, Lycoming County, PA

 WhitMar and its joint venture partner, XTO, have completed the sixth Marcellus Shale well in their Nittany Prospect with an IP of approximately 4,000 MCFGPD, and they are in various stages of drilling and/or completion operations on four additional wells in this prospect. >November, 2010, Luzerne County, PA

 WhitMar and partner EnCana Oil and Gas USA recently concluded the drilling phase of two pilot test wells in our Moose Prospect in Luzerne county, PA; the Buda 1H and the Salansky 1H. As a result of negative well log data and core data on both wells and an unsuccessful completion attempt on the Salansky 1H well, WhitMar and EnCana have jointly decided to discontinue all activity in the prospect area.

>November, 2010, Susquehanna County, PA

 WhitMar and its partners, Stone Energy and Carrizo Oil and Gas have completed the first two Marcellus Shale wells in our 25,000 acre Pleasant Mount Prospect. The Loomis 2H has been tested with and IP of 4,000 MCFGPD and the Loomis 3H has been tested with and IP of 9,800 MCFGPD.

>November, 2010, Sheridan County, MT

 WhitMar has leased in excess of 25,000 acres in two prospect areas in Sheridan County, Montana; which we have identified as highly prospective for oil production from the Bakken/Three Forks section. This leasehold is in the heart of the Bakken/Three Forks trend that is being horizontally drilled in North Dakota and Montana. We are offering working interest participation in these prospect areas.

>December, 2010, Lycoming County, PA

 WhitMar and its joint venture partner, XTO/Exxon, have completed two more wells in their Nittany Prospect, the Tome 8522H well and the Derr 8544H well, with IP's for both wells in excess of 5,000 MCFGPD.

>December, 2010, Susquehanna County, PA

 The IP flow rate of the Loomis 2H well, recently drilled by WhitMar and its partners, Stone Energy and Carrizo, in Susquehanna County, PA, has increased to 9,200 MCFGPD.

>December, 2010, Lycoming County, PA

 WhitMar and its joint venture partner, XTO/Exxon, have completed two more wells in their Nittany Prospect, the Tome 8522H well, and the Derr 8544H well, with IP's for both wells in excess of 5,000 MCFGPD.

 

 

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