Crimson Exploration - Zavala County TX Well Update

Crimson Exploration recently completed the KM Ranch #1H Eagle Ford Shale well and will announce production results in August. The well is cleaning up and flowing back completion fluids. If successful, the well is the first in a development program on over 2,000 acres. The horizontal well was completed long a 5,800 ft lateral with 20 fracture stages.

"In Zavala County, TX, Crimson completed the KM Ranch #1H (50.0% WI), targeting the Eagle Ford Shale, and has commenced flow-back operations with results expected in mid-August. The well was drilled to a total measured depth of 12,627 feet, including a 5,800 foot lateral and 20 stages of fracture stimulation. The KM Ranch #1H represents Crimson's first well in Zavala County where Crimson has an estimated 147 drilling locations and approximately 2,300 net acres held by production. Crimson anticipates spudding the KM Ranch #2H (50.0% WI) in the beginning of November subsequent to spudding its first well in the Booth-Tortuga Area, approximately 13 miles to the southwest of the KM #1H, in the beginning of October."

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