Highlights • ENTEK awarded three new Blocks by Minerals Management Service (MMS), US Department of the Interior. • West Cameron Block 517 (WC 517) is estimates by ENTEK to have up to 42.8 BCF of proven, probable, possible and prospective resource on the Block. • Galveston Area Block 212 (GA 212) has an oil discovery well on the block, and an exploration prospect on the same structure which could contain reserves up to 4.2 Million Barrels. The Block has analogue oil production from adjacent Blocks GA 189 and GA 190. • Galveston Area Block 213 (GA 213) is adjacent the GA 212 and has an exploration prospect on the same structural trend as GA 212 and the analogue production in GA 189 and GA 190 which could contain reserves up to 4.9 Million Barrels. • ENTEK will now initiate independent certification of the proven, probable and possible reserves on WC 517 and will initiate detailed studies on GA 212 and GA 213.

Chief Executive Officer’s said, “These Blocks are significant additions to our Gulf of Mexico low risk portfolio. WC 517 has proven reserves, only requires a single well development, and is within easy tie back to infrastructure, which allows us to proceed rapidly to production. We are confident with our internal estimate of reserves and will have independent certification of these reserves commenced immediately. We expect that the Block will easily attract an Operator and Partners and it is our intention to offer this opportunity to our preferred partners initially and in the near future.

GA 212 and GA 213 are important because they add significant oil exploration potential. We have made a concerted effort over the last 6 months to balance our portfolio by including more oil reserves and prospective resources. Our recent testing of oil in the Focus Ranch 12-1 well in Colorado, where over 2.2 Million Barrels of 2P Reserves have been independently certified, is a recent success of this strategy”

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