FLORIDA OIL AMD GAS SERVE ESTIMATES OIL AVERAGE PWOOUC- GRAVITY, PORITY, TIVE A.P.I. PERCENT ACRES AVERAGE GAS-OIL RATIO, SCF/STB GRIGINMAL OIL IN PLACE, ARIRELS ESTIMATED RECOVERY FACTOR, FRACTION ORIGINAL RECOMVER- ABLE OIL IN PLACE, ARRELS OIL PRODUCED TNOUGN 1-1-90, BARELS REMAINING RECOVERABLE OIL RESERVES AS OF 1-1-90, IAAELS ORIGINAL RECOER- ABLE GAS IN PLACE, NCF GAS PRODUCED TNIUGM 1-1-90, NCF REMAINING RECOERALE GAS RESERVES AS OF 1-1-90, NCF ORTHWUST FLORIDA Bluff Springs 53 19.6 160.00 550 1,300,440 0.19 247,066 220,111 26,973 135,795 120,791 15,004 INowid 53 12.8 160.00 400 4,967,347 0.10 496,736 121,206 377,530 199,494 48,364 151,130 Jay (FL & AL) 51 14.0 14,414.50 1,277 820,569,505 0.60 492,341,702 395,356,327 96,965,375 628,720,354 505,466,642 1235,251,712 Jay (FL only) 51 14.0 13,021.14 1,277 763,129,63 0.60 457,877,783 365,479,210 92,398,573 564,709,929 466,58,558 117,851,371 Colater Creek 47 12.1 160.00 500 2,000,107 0.15 312,016 6,802 303,214 156,006 537 155,471 Blackjack Crek 48 16.5 5,719.96 954 100,500,000 0.60 60,300,000 54,482,137 5,817,863 57,526,200 51,969,890 5,536,310 Mt. Carel 43 9.1 481.28 1,028 17,500,000 0.29 5,075,000 4,665,696 409,306 5,218,140 4,797,292 420,848 McLlltan 43 9.0 480.00 430 2,915,540 0.14 412,686 174,289 238,397 177,455 74,905 102,550 Swetwater Crok (2) 44 11.0 160.00 1,070 624,000 0.10 62,400 13,695 48,705 66,768 14,655 52,113 Subtotal (3) 20,342.40 893,037,072 524,785,705 425,165,146 99,620,559 648,189,89 523,904,992 124,284,797 SOUTN FLORIDA Lehigh Park 28 17.7 800.00 100 8,211,707 0.65 5,337,609 5,164,594 173,015 533,761 518,448 15,313 Tmmsend Canal 28 13.7 640.00 0 4,504,699 0.20 900,940 406,117 494,823 0 0 0 est Felds 26 15.0 7,5000. 80 125,802,366 0.35 44,030,828 41,225,828 2,805,000 3,522,466 3,221,145 301,321 NMid-Felds 26 11.9 480.00 10 5,090,419 0.30 1,527,126 1,239,166 287,960 12,726 10,094 2,632 SunoEo Folds 25 15.0 3,840.00 85 28,946,578 0.40 11,578,631 11,528,631 50,000 964,184 951,329 2,855 Corkscrew 26 6.9 480.00 0 1,667,806 0.40 667,122 524,462 142,660 0 0 0 Lake Trafford 26 7.9 160.00 0 7,690,293 0.06 307,612 277,746 29,866 0 0 0 Seminole (2) 25 14.1 480.00 0 2,366,565 0.10 236,657 84,755 151,902 0 0 0 Sumi land 26 15.0 2,080.00 100 37,685,118 0.50 18,842,559 18,444,812 397,747 1,884,256 1,824,628 59,628 Bear Island 26 11.9 2,880.00 80 42,811,959 0.35 14,984,184 10,575,398 4,408,786 1,198,735 836,093 362,642 Pepper Hamock 27 15.3 160.00 0 976,713 0.10 97,671 323 97,348 0 0 0 Baxter Island (2) 22 19.6 160.00 0 1,276,617 0.10 127,662 1,859 125,803 0 0 0 Raccoon Point 23 13.9 2,400.00 120 42,437,790 0.25 10,609,448 4,443,959 6,165,489 1,273,134 530,070 743,064 Forty Mile Bend (2) 21 10.0 320.00 50 1,112,701 0.07 77,889 32,888 45,001 3,894 1,656 2,238 Subtotal 22,380.00 310,581,331 109,325,938 93,950,538 15,375,400 9,413,156 7,923,463 1,489,693 STATEWIDE TOTAL 42,722.40 1,203,618,403 634,111,643 519,115,684 114,995,959 657,602,945 531,828,455 125,774,490 1. Fields are Listed in approximate order from northwest to southeast. UNITS: MCF Thousand Cubic Feet 2. Plugged and abandoned oil fields. 3. Northwest Florida subtotals use Jay (FL only) data. SCF Standard Cubic Feet STB Stock Tank Barrels METHODS USED TO DETERMINE RESERVE ESTIMATES: Archie's Equation was used to estimate the oil saturation in two feet increments. The formation water resistivities used were 0.018 ohm-meters for the Smack- over Fi. (northwest Florida) and 0.022 ohm-meters for the Sunni Land FI. (south Florida). Formation temperatures were estimated SST 76 + depth/80 for north- west Florida and SST a 76 depth/100 for south Florida. SST is subsurface formation temperature in degrees Fahrenheit, and the depth is the distance in feet below ground surface. The volumetric calculation procedure was used to estimate the reserves for aLL of the oil fields except Sunnitand, Sunoco Felda, and West FeLda fields. Decline curve analysis was used to estimate the reserves for these three oil fields. This type of analysis will give credible results for these fields because they are well into the decline part of their production curves. In addition, few porosity Logs were available for these three fields and resistivity Logs yield anomalous values because the wells were drilled with water. DISCLAIMER: An attempt was made to present realistic estimates; however, no guarantee or warranty is expressed or implied. Anyone who uses this information does so at their own risk. FIELD (1)