M I S S I S S I P P I C A N Y O N 2 0

TAYLOR ENERGY COMPANY LLC

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CONDUCTORS: PROFILE VIEW

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MC20 A WELLS • 28 Platform & 6 Exploration Wells • Directional: 24° to 60° Inc • Relatively shallow, <12000’ TVD • Normal pressure: 9.5-10ppg TD • No known blowouts in field • Gas lift required on most wells • Oil, gas & water produced • Multiple reservoirs • Drilling Campaigns early 80’s, 90’s Wells prioritized by flow risk

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MC20 WELLS - OVERHEAD

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MC20 WELL MODEL

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“Cone” of Uncertainty

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Based on completion type or components

MC20 Wells – Intervention Targets

Sump Packer In Place

Wells: A-17ST, A-19ST, A-23

No Sump Packer In Place Current & Future ProductionInterval In Place

Wells: A-1 Wells: A-11 & A-2112.18.15

Plugging Requirements

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Normal Well IW-19 • Depth 9300’ 9301.2’ • Pressure 3800 psi 3810 psi • Volumes two hundred bbls 205 bbls • Strokes couple of thousand 1995 strokes • Survey Intervals Each 93’ stand 30.0’ • Inclination 48 degrees 48.1 degrees • Azimuth 135 degrees 135.2 degrees • Slides 30’ at High Side 7.5’ at 5-7 Right

‘Add a Decimal Point’

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ACTUAL WELL EXAMPLES FROM

SPEARFISH PROJECT

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Surface Constraints

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MC20 Anti-Collision: IW-4 13-3/8” Shoe to TD

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MC20 Anti-Collision: Same – with Uncertainty

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IW-19 Proximity to A-19

48° Inclination 136° Azimuth

IW19 Proximity to A19

A - 1 9 7 " C a s i n g

3 . 7 '

9 3 0 0 ' M D

I W - 1 9 1 2 - 1 / 4 " H o l e

A - 1 9 7 " C a s i n g

I W - 1 9 8 - 1 / 2 " H o l e

0 . 7 '

9 5 0 0 ' M D

A - 1 9 7 " C a s i n g

I W - 1 9 8 - 1 / 2 " H o l e

9 6 0 0 ' M D

A - 1 9 7 " C a s i n g

I W - 1 9 8 - 1 / 2 " H o l e

3 . 0 '

9 4 0 0 ' M D

I n t e r s e c t i o n I n t e r v a l 12.18.15

• 9 Wells Successfully Plugged • Oil Plume elimination

• Exceptional Performance • No well control events • No pollution events • No lost circulation events • Extensive Pre-Spud Survey modeling

• Complexity increasing in future wells

FACT SHEET - WELLS

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FACT SHEET - PIPELINE

• Started late Summer 2008

• Utilized divers & coiled tubing

• Parted Pipeline sections located

• Contents flushed

• Ends plugged

• One of five sections unable to be located – sediment flow as a result of Hurricane Gustav

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FACT SHEET - SALVAGE

Deck Preparation for Lift • Started March 2010, July 2010

• Cut Decks for rigging access

• Install 8 lift connections

• Cut 6 of 8 Jacket Legs

• Install 400 ton Debris Basket

• Begin Debris Collection – focusing on large/heavy items

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VB-10,000 Lift System

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FACT SHEET - SALVAGE

Deck Lift • Completed mid-June 2011

• VB 10,000 – new build “shakeout”

• Multiple lifts prior to TEC work

• Connect pre-installed lift points

• Cut last 2 Jacket Legs

{Entire Lift - 4 days}

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MC20 DEBRIS FIELD

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FACT SHEET - SALVAGE

Debris Collection • Phase I prior to Deck Lift

• Phase II after Deck Lift

• 2-400 Ton Debris Baskets

• Completed late June 2011

• All site clearance certificates

have been accepted

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