Equipment and Working Interests for Sale

Sale of Equipment and working interests of Venoco, LLC which includes:

• Lot1: Name: Santa Clara Unit ("SCU")
  Description: 100% working interest in P0204, P0205, P0208, P0209 and P0217; Two platforms, Gail and Grace, and an onshore processing facility. Estimated PDP PV-10 on SCU is approximately $3.7 million. Processing plant is located in Carpinteria, CA and sits on 55 acres of coastal land; Venture Pipeline and Carpinteria Pipeline are 100% owned by Venoco.
• Lot 2: Name: Dos Cuadras
  Description: non-op; 25% working interest; -20.8325% net royalty interest; 1/6 royalty burden; and 17.5% working interest in Rincon Onshore Facility. Estimated PDP PV-10 is approximately $0.3 million.
• Lot 3: Name: Grizzly Island
  Description: 100% working interest on 4,400 acres. Imaged with proprietary 3-D seismic
• Lot 4: Name: Hastings Field
  Description: non-op; 22.45% reversionary working interest in West Hastings Unit; 25% reversionary working interest in East Hastings Unit; 4,819 gross acres operated by Denbury Resources
• Lot 5: Name: Hames Valley
  Description: 62% working interest on 10,000 acres in Salinas Basin in Monterey County California; 30 miles proprietary 3-D seismic survey from 2012
• Lot 6: Name: Sevier
  Description: 100% working interest in 10,000 net acres in San Joaquin Basin in Kern County California.
• Lot 7: Name: Bowerbank Injection well
  Description: Class II DOGGR permitted injection well; includes 2 tanks with 500 bbls capacity each, injection pump, charge pump, filter skid and electricity.
• Lot 8: Name: Equipment
  Description: miscellaneous equipment and machinery