Mineral Rights and Royalty Interests in California

Sale of all of the Bankruptcy Estate’s interest in and to “all of the oil, gas and other hydrocarbon substances and all other minerals of every kind and character in, on, under or that may be produced from that certain tract or parcel of land situated in the County of Kern, State of California, and described as follows: The Southeast Quarter and the East Half of the Southwest Quarter and the Southwest Quarter of the Southwest Quarter of Section 7, Township 29 South, Range 29 East, M.D.B. & M., Kern County, California, according to the official plat thereof.” The Mineral Rights & Overriding Royalty Interests are in oil and gas produced by Citadel Exploration, LLC, from wells located in Kern County, in northeast Bakersfield, north of Paladino Road, Kern Bluff Oil Field. Information about Citadel Exploration, Inc. is on its website: CitadelExploration.com.