Assets of Ohio Gas Storage Facility

Sale of assets of Chowder Gas and Storage Facility LLC which includes:

1. The Chowder assets are interests in approximately 142 mineral rights leases (the “Leases”)5 comprising in excess of 7,000 acres in Columbiana and Mahoning Counties as described on Exhibit C. Of such acres, Chesapeake Energy Corporation (“Chesapeake”), who purchased the deep rights in 2010 for more than $9 million, conducted substantial due diligence and validated deep rights in no less than 4,060 acres.
2. The Lake Shore Assets (the “Lake Shore Assets” and collectively with the Leases, the “Assets”) are comprised of (i) rights under the Leases to a gas storage field located in the Oriskany Sandstone formation (the “Oriskany”), (ii) 18 gas storage wells and storage pipeline with 892 MMcf base gas and 2.3 Bcf working gas capacity in the Oriskany, and (iii) a compressor station, building and related equipment.