BOREHOLE IMAGE INTERPRETATION Formation MicroImager US Schlumberger Confidential Tetuan Resources/Winn Exploration Marys River 34-26 run 2 Wildcat Elko Co., Nevada Image Interpretation by Kenny Stull – Schlumberger "ANY INTERPRETATION, RESEARCH, ANALYSIS, DATA, RESULTS, ESTIMATES, OR RECOMMENDATION FURNISHED WITH THE SERVICES OR OTHERWISE COMMUNICATED BY SCHLUMBERGER TO CUSTOMER AT ANY TIME IN CONNECTION WITH THE SERVICES ARE OPINIONS BASED ON INFERENCES FROM MEASUREMENTS, EMPIRICAL RELATIONSHIPS AND/OR ASSUMPTIONS, WHICH INFERENCES, EMPIRICAL RELATIONSHIPS AND/OR ASSUMPTIONS ARE NOT INFALLIBLE, AND WITH RESPECT TO WHICH PROFESSIONALS IN THE INDUSTRY MAY DIFFER. ACCORDINGLY, SCHLUMBERGER CANNOT AND DOES NOT WARRANT THE ACCURACY, CORRECTNESS OR COMPLETENESS OF ANY SUCH INTERPRETATION, RESEARCH, ANALYSIS, DATA, RESULTS, ESTIMATES OR RECOMMENDATION. CUSTOMER ACKNOWLEDGES THAT IT IS ACCEPTING THE SERVICES "AS IS", THAT SCHLUMBERGER MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, OF ANY KIND OR DESCRIPTION IN RESPECT THERETO. SPECIFICALLY, CUSTOMER ACKNOWLEDGES THAT SCHLUMBERGER DOES NOT WARRANT THAT ANY INTERPRETATION, RESEARCH, ANALYSIS, DATA, RESULTS, ESTIMATES, OR RECOMMENDATION IS FIT FOR A PARTICULAR PURPOSE, INCLUDING BUT NOT LIMITED TO COMPLIANCE WITH ANY GOVERNMENT REQUEST OR REGULATORY REQUIREMENT. CUSTOMER FURTHER ACKNOWLEDGES THAT SUCH SERVICES ARE DELIVERED WITH THE EXPLICIT UNDERSTANDING AND AGREEMENT THAT ANY ACTION TAKEN BASED ON THE SERVICES RECEIVED SHALL BE AT ITS OWN RISK AND RESPONSIBILITY AND NO CLAIM SHALL BE MADE AGAINST SCHLUMBERGER AS A CONSEQUENCE THEREOF." D:\Documents\Kenny Docs\Tetuan\TetuanWinn_MarysRiver34_26.doc 3/9/2012 1 Structural Data Fault @ 5657.3’, Strike N27W-S27E, Dip 65 deg, Azimuth 63 deg D:\Documents\Kenny Docs\Tetuan\TetuanWinn_MarysRiver34_26.doc 3/9/2012 Schlumberger Confidential Fault @ 6698.6’, Strike N65W-S65E, Dip 42 deg, Azimuth 205 deg 2 Structural Data continued: Structural dip f/ 4150’-4640’ is 10-12 deg to South-SSE. Unconformity @ 4640’. Structural dip f/ 4640’-4910’ is 6 deg to SE. Unconformity @ 4910’. Structural dip f/ 4910’-5357’ decr f/ 20-6 deg to NE. Unconformity @ 5357’. Structural dip f/ 5357’-5657’ incr f/ 10-22 deg to NE. Fault @ 5657’. (see page 2) Structural dip f/ 5657’-6698’ incr f/ 10-25 deg to SW. Fault @ 6698’ (see page 2) Structural dip f/ 6698’-TD’ is 20 deg to North. Schlumberger Confidential D:\Documents\Kenny Docs\Tetuan\TetuanWinn_MarysRiver34_26.doc 3/9/2012 3 Healed & Open Fracture Strike 6000’- 6797’ Schlumberger Confidential A total of 223 fractures exist in the imaged interval. Of the total, 190 are healed fractures and 43 fractures are open – partially open. Fracture dip magnitudes range from 40-85 degrees. Primary fracture strike for both sets is in a general North – South trend. Minor sets exist in an ENE-WSW and NE-SW direction. D:\Documents\Kenny Docs\Tetuan\TetuanWinn_MarysRiver34_26.doc 3/9/2012 4 Stress Fields Schlumberger Confidential Drilling induced fractures exist in an ENE-WSW direction in this wellbore which represents the Maximum Horizontal Stress direction. Borehole breakout strike is NNW-SSE and represents the Minimum Horizontal Stress direction. D:\Documents\Kenny Docs\Tetuan\TetuanWinn_MarysRiver34_26.doc 3/9/2012 5
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