We are strategically adding a second core property to our asset portfolio that enables us to deliver the best combination of growth and financial returns.

Key geologic parameters across Ultra’s acreage position indicate the potential for successful horizontal Marcellus exploration.

• 150 – 250 feet Marcellus thickness
• Dry gas window
• 4,000 – 8,500 feet Marcellus depth
• High reservoir pressure
• Good silica content
• 125,000 Mcf per acre volume of shale gas generated
• Present day hydrocarbon index indicates <60 mgHc/gTOC