Spyglass Resources Corp. - PrecisionIR

Pro Forma Reservesas at October 31, 2012 (1)Pro Forma Selected ReservesInformation (1)Oil (Mbbl)Nat. Gas(MMcf)NGL(Mbbl)Total(Mboe) (2)Proved Developed Producing 20,921 105,746 798 39,345% by Product 53% 45% 2%Total Proved 28,459 166,800 1,240 57,499% by Product 49% 48% 2%Total Proved plus Probable 43,059 290,923 2,312 93,858% by Product 46% 52% 2%Total Proved plus Probable Reserves by Category(1) Working interest reserves from reserve reports for Pace, AvenEx and Charger as ofDecember 31, 2011 and the updated GLJ report on certain properties for Charger as ofMay 31, 2012 adjusted for AvenEx and Charger minor dispositions in 2012 and adjustedfor 2012 production to October 31, 2012 as forecast in the December 2011 reservereports.(2) The Company has adopted the standard of 6 Mcf to 1 boe when converting natural gas tobarrels of oil equivalent. Boes may be misleading, particularly if used in isolation. A boeconversion ratio of 6 Mcf :1 boe is based on an energy equivalency conversion methodprimarily applicable at the burner tip and does not represent a value equivalency at thewellhead.Probable, 39%ProvedUndeveloped &PDNP, 19%ProvedDevelopedProducing, 42%2P RLI: ~14 years(based on 18,000 boe/d production)Spyglass Resources Corp.11