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September 2014

4 September: Mogul Energy begins the transfer of Cherry #1 to the lease Surface Owner

8 September: Mogul receives the Stafford #3 BHA and Rod String design from H&H Services

11 September: Mogul Energy receives the TRRC Drilling Permits for the Bammert #1 (Goliad County), Steward #1 (Victoria County) and Williams #1 (Victoria County)

12 September: Mogul has the pump jack moved from the Stafford #1 to the pad on the Stafford #3

18 September: Mogul meets with Cabot Oil & Gas to discuss pipeline hook-up with Swickheimer #1

20 September: Yearly production from the Stafford #2 surpasses the 10,000 bbl mark

24 September: Mogul accepts the Forbes Energy bid to P&A Kunitz #1

August 2014

4 August: The Cherry #1 reaches TD at 5850 ft

5 August: The Cherry #1 is deemed a Dry Hole and work is prepared to P&A the well

11 August: Mogul perforates and swabs the Stafford #3. Begins preparing the well for production via beam pump

18 August: Mogul applies to the TRRC to P&A the Kunitz #1

22 August: TRRC approves Mogul’s application to P&A the Kunitz #1

25 August: Mogul perforates and swabs the Swickheimer #1

26 August: Mogul contracts FESCO to perform a 72-hour, 4-point gas well test on Swickheimer #1

July 2014

1 July: Mogul receives the TRRC drilling permit for the Custer #1 (San Patricio County)

13 July: Price Drilling spuds the Swickheimer #1 for Mogul Energy

15 July: Arrow Drilling spuds the Stafford #3 for Mogul Energy

19 July: The Swichkeimer #1 reaches TD at 4350 ft

24 July: The Stafford #3 reaches TD at 7010 ft

26 July: Price Drilling spuds the Cherry #1 for Mogul Energy

June 2014

3 June: Mogul signs a Surface Use agreement with the surface owner of the Cherry lease

4 June: Mogul performs a workover on the Stafford #2 to remove damaged tubing joints

18 June: Mogul received drilling permit for Kieschnick #1 (San Patricio County), Swickheimer #1 (Goliad County), Cherry #1 (Jim Wells County)

20 June: Mogul receives the approved SWD application from the Texas Railroad Commission to convert the Stafford #1 into a SWD well (Permit #14586, dated 18 June 2014)

24 June: Mogul receives drilling permit for the Stafford #3 (Jackson County)

May 2014

15 May: Mogul applies for TRRC Drilling permits for the North Pasture (Custer #1), East Mathis (Kieschnick #1), Alkek (Swickheimer #1) and South Haldeman (Cherry #1) prospects.

19 May: Mogul attends a Texas Railroad Commission hearing, in Austin, regarding the application to convert the Stafford #1 into a Salt Water Disposal (SWD) well

April 2014

16 April - Mogul applies for TRRC drilling permit for the Stafford #3

March 2014

17 March 2014 – Mogul Energy stakes the location for the first four wells in South Texas.

February 2014

4 February 2014 – Mogul Energy has a partner meeting in its Houston office to plan drilling operations multiple prospects in South Texas. Partner discussions concluded with the plan to initially drill a four-well program in Jim Wells, San Patricio and Goliad counties and then follow up with the drilling of the additional prospects shortly thereafter.

January 2014

17 January 2014 – Mogul Energy applies for a TRRC permit to convert the Stafford #1 into a Salt-Water Disposal (SWD) well.

14 January 2014 – Stafford Well #2 surpasses 30,000 barrels of cumulative production.

8 January 2014 - Mogul Energy performs three re-completions operations on the Kunitz #1, to perforated hydrocarbon bearing Frio sands. After analysis of the results, it was determined that none of the perforated intervals proved to have commercial quantities of oil and gas to justify the expense of constructing production facilities. The well was shut-in in preparation of plans to convert this well into a Salt-Water Disposal (SWD) well.

29 October 2013 – Mogul Energy performs swabbing operations on the Kunitz #1 to prepare the well for planned re-completion operations.

13 October 2013 – Mogul Energy places the Stafford #2 on artificial lift (beam pump) because of low flowing pressure from the 5,790 foot interval.

4 June 2013 – Mogul Energy installed a gas compressor at the Stafford lease production facilities to ensure the pressure from the lease pipeline matches the pressure in the Gulf Gas Utilities pipeline.

1 February 2013 – Mogul Energy requested a 2-year logging data confidentiality extension from the Texas Railroad Commission for the Kunitz #1 well.

18 February 2013 - Mogul Energy installed a gas dehydrator at the Stafford lease production facilities to allow Mogul Energy to sell produced gas from the Stafford #2. Gas will be sold in the Gulf Gas Utilities pipeline.

24 January 2013 – Mogul Energy tested the 5,790 foot interval in the Stafford #2. The flowing tubing pressure was 1,430 psi. This Frio interval tested 85.2 barrel oil, 27 barrel water and 222 mcf gas over the 24 hour time period.

21 January 2013 – Mogul Energy re-completed the Stafford #2 in the 5,790 foot interval. The well was perforated and began flowing oil and gas. The well was shut-in to await testing.

12 March 2012 – Mogul Energy perforated selected intervals in the Kunitz #1 and began testing those Frio sand intervals. Following testing, the well was shut-in to await surface completion and production operations.

2 February 2012 - Mogul Energy placed the Stafford #1 on artificial lift (beam pump) because of low flowing pressure from the 5,770 foot interval.

2 November 2011 – Mogul Energy tested the 6,424 foot interval in the Stafford #2, under a 10/64 choke, resulting in a flowing well producing 56.78 barrel oil and 5 barrel water per day. The oil gravity is 39.1 API.

19 October 2011 – Mogul Energy perforated the 6,426 foot interval in the Stafford #2, which results in gas flowing at the surface. The well is shut-in, with a SITP of 1650 psi, in order to plumb the well into the existing production facilities.

30 September 2011 – Mogul Energy re-completed and perforated the Stafford #1 in the 5,770 foot interval. This Frio interval tested oil, but under low flowing pressure.