Oj Hubbard

Established in 1979, Parallel Petroleum LLC is an independent energy company headquartered in Midland, Texas, focused on strong growth in shareholder value, in the acquisition, development, exploration and production of oil and gas using enhanced oil recovery techniques and 3-D seismic technology. Parallel Petroleum s primary areas of operation are the Permian Basin of west Texas, Gulf Coast of south Texas, east Texas and its three announced areas of north Texas, New Mexico and Utah.

Bold Energy II LLC is an independent energy company focused on the acquisition, exploitation, and development of oil and gas properties in the Greater Permian Basin of West Texas. The Company's strategy is to create value by acquiring and developing targeted assets using advanced petroleum technology. Well recompletions, reservoir stimulation, enhanced recovery, and operational improvements are utilized to enhance productivity and to build value. Strategic drilling is used to recover bypassed reserves, and infill drilling is used to exploit low-risk resources.The Company conducts its business based on principles of integrity, loyalty, and professionalism. The Company seeks to partner with leaseholders, mineral owners, other operators, and partners in innovative ways to build value through win-win relationships.Headquartered in Midland, Texas, Bold Energy II LLC follows the success of Bold Energy, LP. Bold Energy LP, founded in April 2005, became the No. 35 gas producer in the State of New Mexico in less than three years. The partnership was sold to Oxy USA in May 2008.Bold Energy II LLC is funded by its Management Team and EnCap Investments Capital Fund VII. EnCap Investments, based in Houston Texas, is a key provider of equity capital to the independent oil and gas industry.