WOODBINE 2 WELL DRILLING PROJECT

This offering is open for accredited investors. 
Project: Woodbine 2 Well Project
Location: Southeast Texas
Operator: Richland Resources Corp
No. of Well(s): TWO (2) Horizontal
Pay zone(s): Woodbine
Vertical Depth: 7,100’-9,000’
Horizontal Lateral: 6,000’-7,000’
Beeler: Lease
1,360 Net Acres ±: Program Acreage
320 Acre ±: Spacing
420 MBOE: Estimated Reserves Per Well
15+ years: Estimated Lifespan Per Well
Unit Investment: $46,667.00 (per Unit)
Working Interest: .25% WI (per Unit)
Net Rev. Interest: 0.1875% (per Unit)
Unit(s) Offered: 300 Units = 75% WI
Total Investment: $14,000,100.00
*(WI) per Unit .25% WI per Unit in each well of TWO Well Program*

Richland Resources will drill 2 wells in 2012 on the 1,360 NET acres in the immediate area. The 2 wells will be in the Woodbine Sands. Drilling is to commence in March/April of 2012 with the
second well to commence in November/DecemberD2012.
Richland Resources has assembled 100% operated working interest in Leon County, Texas. Recent developments in horizontal drilling and fracking have been applied to the Woodbine Sands, yielding promising flow rates. Operators have reported flow rates in excess of 400 to 1,200 BOPD with ultimate recoveries in the 300,000 to 450,000 BOE range. Porosities in the Woodbine regionally range from 10% to 16.9% with yellow fluorescence and odor present. Until recently, production has been dominated by the Glenrose Lime of Alabama Ferry and Eileen Sullivan Fields. Localized Sub-Clarkesville production exists in structural settings and up-dip pinch-outs. Horizontal drilling in the Woodbine Sands has taken place in OSR-Halliday Field and Pleasant Ridge Fields. Richland Resources believes that the Woodbine formation is a perfect candidate for horizontal drilling and fracking. Richland anticipates reserves as reported by other operators.
Richland Resources is interested in selling Working Interest in 300 Units to its investors for this Two Well Project.

Richland Resources (Richland) is an independent oil and natural gas company headquartered in Fort Worth, Texas. In May 2011 a successful purchase of 17,600 gross acres and over 3500 BOPD known then as “The Woodbine Acquisition” in Madison, Brazos and Grimes Counties, Texas. Through this acquisition the buyer was Woodbine Acquisition Corporation (WAC), a new E&P company formed by Richland Resources. Since WAC’s formation by Richland’s CEO Ken Goggans, the company has achieved success through an aggressive drilling program instituted in the beginning by Mr. Goggans. Richland assembled a diversified and seasoned management and professional team with many years of experience in the oil and gas industry that now manages all of WAC’s operations. WAC since then has achieved tremendous growth and success through the drill bit. In 2006, Mr. Goggans also founded and managed Manek Energy, an oilfield service company that grew to over 100 employees, from its inception to its sale to Weatherford International, Ltd., in February 2010. Richland is building a history today that will repeat the same success through growth by the drill bit, and Mergers and Acquisitions. In 2012 Richland has closed on 2 properties that will again be driven by the drill bit in the Woodbine and Buda formations.

Proven Completion Techniques. Our completion technique has a proven track record of maximizing returns on wells completed in the Woodbine formation. Incrementally increasing the lateral length and the number of hydraulic fracture on new wells has resulted in significant relative production growth. We plan to utilize a technique of drilling 6,000 to 7,000-foot laterals and up to 28 hydraulic frac stages. We believe this process mitigates the inherent risk of oil and natural gas production and increase the cash flow for our assets. Since 2008 there has been a 100% drilling success rate in the Woodbine Properties, and we believe recent drilling activity suggests relatively low variance in production rates for completed horizontal wells drilled in our Core Area.

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 Richland Resources (Richland) is a market dynamic exploration and production company focusing on building a large reserve and acreage base within the most prolific oil and gas plays in the United States by capitalizing on the strength of management and a history of success. Richland will maximize value through the development of, conventional oil in the Woodbine and in the Permian Basin. Richland is also active in the acquisition, development and production of properties with proven reserves throughout the US and will rely on the knowledge of its key staff to increase overall production rates while lowering operating costs.
Richland has assembled a diversified and seasoned executive & senior management staff for the purpose of utilizing their industry expertise to build a strong production base through precision acquisition, enhanced oil recovery and field development. The management team brings a long history of success in the core areas with a proven track record as a cohesive team to develop assets and bring high rates of return to investors.
The company’s development strategy is to acquire large lease acreage in respective plays and develop reserves through precise and calculated drilling strategies by employing their long historical knowledge of the areas. To offset the time frames and risk associated with these plays, management will generate cash flow by buying reserves and increasing existing production in these proven fields implementing re-engineering and development programs to extend field life and returns. By combining this calculated drilling and recompletion strategy in areas where management has long standing expertise, Richland will be able to capitalize on industry leading knowledge to better create valued investment decisions. 
Richland Resources headquarters are based out of Ft. Worth, Texas with a district office in Sulphur Springs, Texas.

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