Ursa Tests Positive at ND Bakken Well

Ursa has flow tested its Jeanie 25-36 #2H Bakken well in McKenzie County, North Dakota. During early flowback over a 24 hour period, the Jeanie flowed at an average of 1,185 BOEPD (1,004 BO/D, 1,085 MCF/D) on a 48/64" choke. Jeanie is a long lateral Bakken well completed with 30 fracture stimulation stages.

The Jeanie well (T147N, R103W) is located in the heart of Ursa's "Bar Trend" acreage. Success at this well extends the positive well results observed in Elm Coulee field to the west, and the area of intense industry activity and positive well results in the central basin area to the north.

"We are highly encouraged by the early results of the Jeanie well. The performance of this well is further proof that utilizing the appropriate completion technique is the key to unlocking the vast potential of the Bakken petroleum system," said Steve Skinner, Vice President Development of Ursa Resources Group LLC. "We believe the combination of the Bakken and Three Forks represents the premiere oil resource play in the United States. With over 110,000 net acres under lease in the over-pressured portion of the play, we are well positioned."