Recovery Energy, Inc. is a Denver-based independent oil and gas exploration and production company focused on the Denver-Julesburg (DJ) Basin where it holds 150,000 gross, 132,500 net acres and management has more than 80 years’ experience. Recovery Energy’s primary focus is on growing revenue, cash-flow and reserves through conventional drilling, as well as through unconventional drilling targeting the various prospective oil shale horizons on its land. In addition to being prospective for the Niobrara oil shale formation, the Company’s asset base is comprised of current production and reserves from the Cretaceous J sand along with extensive prospectivity for other hydrocarbon-bearing formations such as the Pierre Shale, Codell, Greenhorn and Paleozoic horizons.

Recovery Energy’s “pure play” land acquisition strategy in the DJ Basin resource region began in 4Q09 and continued through 2010 and into 2011. Early mover advantage allowed the Company to secure a significant leasehold position, including large, acreage blocks within its 150,000 gross, 132,500 net acres in Goshen and Laramie Counties, Wyoming; Banner and Kimball Counties, Nebraska, and Weld and Arapahoe Counties, Colorado.

Recovery Energy drills for, operates and produces oil from the J sand, and initiated horizontal drilling activity in the Niobrara Oil Shale play in 1Q11. Recovery Energy is well-positioned to continue to pursue acreage and production acquisitions and increase daily oil production through conventional and unconventional drilling. The company plans to fundamentally grow reserves through conventional drilling in “J” sands and horizontal drilling in the Niobrara formation which has benefited substantially from multi-stage frac technology.