Geology & Reservoirs — Stacked South Texas Gas Pay

Regional and Field Geologic Framework

The lease is located in a mature South Texas natural gas corridor characterized by stacked, laterally continuous clastic sequences with established deliverability. The program focuses on conventional gas reservoirs within both shallow and deeper intervals where hydrocarbons have already been encountered and produced.

• Regionally proven gas play with existing production in surrounding acreage.
• Stacked pay concept with multiple discrete gas-bearing sand packages.
• Combination of structural and stratigraphic trapping elements.
• Established well control and log coverage across the 643-acre lease.

Structural maps, cross sections, and type logs are available under NDA in the Document Library / Data Room for technical teams requiring deeper evaluation.

Volumes, Recovery Factors, and Economics

Third-party engineering analysis supports approximately 58.7 Bcf of recoverable gas across seven reserves on the lease. For conservative economic modeling, Safari focuses on two reservoirs totaling 25,964,111 Mcf, targeting modeled extraction of approximately 17,748,720 Mcf, or about 68% of those targeted reserves.

These volumes drive the base-case projection of $45,791,698 in revenue, $25,047,172 in gross profit, and $19,090,087 to investors at $2.58/Mcf, before any price upside or operational optimization.

• Engineering-certified volumetrics form the foundation of the economic model.
• Recovery factors calibrated using analog wells and reservoir-specific behavior.
• Sensitivity cases test price, decline, and timing assumptions.
• Volumes reconciled to the specific development plan for Mobil Fee 6 and Mobil Fee 4.

Investors should review the Economics Overview and Model & Sensitivities pages, together with the detailed engineering reports and models in the Data Room.

Geologic Risk, Uncertainty, and ESG Considerations

As with any subsurface project, the geology and reservoir interpretation carries uncertainty around rock properties, pressure regimes, fluid contacts, and compartmentalization.

• Variability in sand quality and continuity across the lease.
• Uncertainty in effective drainage area and communication between intervals.
• Differences between historical performance and future recompletion behavior.
• Regulatory and ESG expectations around reactivation of existing wells.

Safari Production Company, Inc. incorporates these uncertainties into risk factors, sensitivity cases, and ESG & stewardship plans, particularly around responsible development of existing wells and management of legacy infrastructure.

Investors should review the Risk Factors and ESG & Stewardship pages to understand how subsurface uncertainty, environmental stewardship, and regulatory compliance are managed.