Marketed: Riverside Energy Michigan Antrim Shale ORRI Well Package

The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Riverside Energy retained EnergyNet Indigo for the sale of a 4,411 well package comprising overriding royalty interest (ORRI) in certain natural gas properties in Michigan’s Antrim Shale through a sealed-bid offering closing April 22.

The ORRI assets are located in Michigan’s Alcona, Alpena, Antrim, Charlevoix, Crawford, Kalkaska, Manistee, Montmorency, Oscoda and Otsego counties.

Highlights:

• Offering 5% ORRI on Riverside's Interests in 4,411 Operated Wells
• Unique Opportunity to Acquire Mature and Predictable Low Decline ORRI Assets Within the Antrim Shale Formation
• Attractive Diverse Position Across 10 Michigan Counties
• Long Life Low Risk Reserves - Average 2%-4% Terminal Decline
• Six-Month Average Gas Sales: 93,280 Mcf/d
• Six-Month Average Net Income: $224,411/Month
• Next 12-Month Cash Flow (Net) on ORRI: $3.2 million
• Strong Operations with Riverside Energy Following Previous Operator Chevron
• Production from Antrim Shale w/ Further Production Enhancement Potential
• PDP PV 4: $49.5 million
• PDP PV 5: $43.4 million
• PDP PV 8: $31.2 million

Bids are due by 4 p.m. CDT April 22. For complete due diligence information visit indigo.energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.