THE FERNANDES SWD #1 IS LOCATED 8.5 MILES EAST OF KERMIT TX. IN THE DELAWARE BASIN. THE WELL WAS DRILLED IN 1967 TO A DEPTH OF 11,501′ TVD AND IS NOW DISPOSING INTO THE SAN ANDRES & GLORIETA FROM 4,221′ – 6,295′. THE WELL IS PERMITTED FOR 20K BBLS/DAY AT 2,110 PSI.