Oil Exploration to Center on Stateline, Pine Bluffs, and Southeast Hartville Uplift Prospects

Recovery Energy’s 2013 drilling program will focus on low risk, conventional offsets to existing production and unconventional horizontal drilling on two low-risk prospect areas in the Wattenberg field. The Company has identified up to 18 initial gross well locations at the Lang and Sawyer Prospects in Weld County, Colorado, both of which target the Niobrara and Codell formations.

On the exploration front, Recovery Energy intends to run an additional 20 square miles of 3D seismic at its Stateline and Pine Bluffs prospect areas in Laramie County, Wyoming, and Kimball and Banner Counties, Nebraska. The team will be reviewing and interpreting the potential for the Niobrara, Codell, Greenhorn, ‘J’ sandstone and Permo-Penn horizons.

Recovery Energy also will be continuing to evaluate other prospect areas including the Southeast Hartville Uplift Prospect in Goshen County, Wyoming. Its leasehold is located in an unconventional, shale-rich fairway of the Pennsylvanian Desmoines Series play. This area also holds multi-pay potential in the Permian sandstones, dolomites, and shales of the Admire, Council Grove (Wykert Sandstone), and Chase (Cassa Sandstone, Amazon Dolomite) Groups, as well as unconventional Niobrara, Codell and Greenhorn targets.