Oil and Gas Property Auction Services

EnergyNet offers an easy-to-use oil and gas auction service that facilitates the sale of producing working interests (operated and non-operated), overrides, royalties, mineral interests, and non-producing leasehold. EnergyNet is a continuous oil and gas property marketplace with due diligence and bidding available 24/7/365, where auctions close weekly. Most of the properties EnergyNet sells are located in the lower 48 United States and typically range in value from $1,000 to $20,000,000. Using an Internet platform, EnergyNet allows buyers the flexibility and convenience of conducting their acquisition and divestment activities online. We are a FINRA Registered Broker / Dealer.

Auction services include:

• Property Preparation
• Land Staff Support
• Scanning of all Hardcopy Data / Electronic Data Transfer
• Hosting Online Due Diligence Data Rooms for each lot
• Creation and Delivery (Mailing and Downloads) of Bound Data Packages and CD-ROMS to Buyers
• Property Marketing, Advertising and Promotion
• Facilitate the Competitive Bid Process/ Screen Buyers / Credit Verification / FINRA suitability
• Closing Services / Post-Sale Negotiation Services
• Wiring / Escrow Services
• Conveyance Documents to Seller and Buyer Recorded

Negotiated Sale Services

EnergyNet offers negotiated sale services through a sealed bid marketing approach. A private negotiated sale should be employed for properties that have significant upside potential, or in the case that a seller would rather offer the property package to a smaller set of potential purchasers. Negotiated sales are typically employed when the property package needs significant engineering and geological services to obtain maximum value. A private negotiated sale is also a great approach if you are looking for a discrete way to monetize your assets.

Marketing

• Negotiated Sales & Transactions
• Project Packaging Recommendations
• Secure Online Data rooms, as well as, Physical Data rooms
• Sales Brochure Preparation
• Information Memorandum Preparation
• Confidentiality Agreement Execution
• Upstream Projects: Acquisitions, Divestitures, Prospects, Land
• Purchase & Sale Agreement Negotiations and Closing Services

Technical Evaluation

• Reserves Evaluation & Audits
• Economic Property Appraisals
• Fair Market Value Determinations
• Field Studies
• Production Optimization
• Geological Evaluations
• 3D Geophysical Integration
• Seismic Attribute Analysis
• Risk Assessment

Prospect Marketing Services

EnergyNet also offers prospect marketing and private placement services. EnergyNet is pleased to announce our joint venture with Corridor & Associates. Our joint venture allows buyers access to carefully selected, high quality, development and exploratory projects while providing sellers access to our sophisticated investor group.

Our prospect marketing services include:

• Competition & Worldwide Buyer Exposure
• Value & Negotiating Leverage
• Reserve & Economic Analysis
• Integrated Geological & Geophysical Evaluations
• Confidential & Secure Worldwide Marketing

Auxiliary Services

EnergyNet has developed ways to aid buyers in the post-sale process! We offer the following features:

Operator/Marketer Notification Services*

EnergyNet will, within 24 hours, of receiving buyer's proceeds for any given property, notify the operator and purchaser(s) by fax letter of the change of ownership. These parties will be provided a copy of the unrecorded conveyance document and instructed to place in suspense, as of the effective date, all funds due to the seller's interests. Copies of our letters and fax confirmation receipts will be sent to the buyer.

Upon receipt of the original conveyance document back from recording, EnergyNet will, within 24 hours, notify the operator and purchaser(s) by fax letter of ownership. These parties will be provided with a copy of the original recorded conveyance and requested to forward the buyer and seller the necessary transfer and/or division orders required to complete the change of ownership and get the buyers interest in a pay status. Copies of our letters, fax confirmation receipts and the original recorded documents will be forwarded to the buyer.

• Suspend Revenue
• Expedite Revenue Transfer
• Convenience to our Buyers

EnergyNet will perform the above services for $100 per well/property. Please contact Stacey Nance at EnergyNet's office, toll free at (877) 351-4488, to request this service.

*Extent of our liability is the fee we charge for the service.

Data Packages

EnergyNet also offers the post sale service of providing data packages for the records of both the buyer and seller. These bound books contain all information that EnergyNet collected in the process of the sale, including a table of contents, all lot information, information for each property, as well as all scanned documents pertaining to the sale. These books make excellent, permanent records of the status of the conveyed properties at the time of sale. Please feel free to contact Stacey Nance in our Amarillo Office at (877) 351-4488 or by email stacey.nance@energynet.com regarding the purchase of post-sale data packages.

We offer Data Packages which include indexed, complete information for any lot. Collected into each package is a table of contents, all lot information, information for each property and all scanned documents pertaining to the properties. It's never been easier to evaluate a Lot/Property! The packages, also, make an excellent record for both the buyer and seller of the sale.

Data Packages can be purchased in three formats:

Online - Free of Charge

Directly below the Due Diligence information section of each property information sheets, we have added a section where the downloadable online data packages are offered. These Packages can be printed in their entirety with a single print command. There is no longer a need to print each page separately in order to have a hard copy.

CD-ROM

Tired of slow downloads? Do you prefer to evaluate and manipulate due diligence information with digital files? These CDs contain the complete data package, but also contain each document set available individually. Included in the price of having EnergyNet load a set of data on a CD-ROM, the online data package becomes available for free! All this indexed with a convenient interface!

Hard Copy

EnergyNet now offers Data Packages printed, indexed, bound and mailed to you. Like the Online Packages, these high quality books contain every piece of information we offer on our website delivered to your door. Like the CD-ROMs, when you purchase a bound data book, you will receive the online version as a part of your purchase at no extra charge.

The Seller is to provide to EnergyNet.com, Inc., all instruments to convey title to the subject Properties prior to the sale of the properties for examination by the Buyer as defined in the Seller's Agreement for the Sale of Oil and Gas Properties. By Buyer's execution of the Buyer's Agreement to Purchase Properties, we have eliminated the need for the Buyer's signature on the conveyancing document or assignment, thereby, saving both the Buyer and Seller time. EnergyNet will assign properties to only registered, accredited buyers. EnergyNet.com will process all documents for recording and will return the same to the appropriate parties.