Legal Address: Surface and mineral interests to and in the SE/4 of S13-T33-R34 and an undivided 1/3 interest to and in the SW/4 of S4-T34-R32 Seward County, KS & An undivided 1/6 interest and an additional participating interest in an undivided 1/6 interest to the NE/4 of S27-T6-R21 and An undivided 1/6 interest and an additional participating interest in an undivided 1/6 interest and to the NE/4 of S26-T6-R22 Beaver County, OK.

Directions: From Liberal, KS: 6 miles north on US Hwy 83 to KS HWY 51 interchange, then two miles west. SE Corner of property begins. Signs are posted.

Acres: 160 Auctions Acres. 160 surface acres are selling with the interest of 640 mineral acres.

Taxes: 2021 KS Real Estate $76.18 / 2021 KS Royalty Interest $138.34.

Native Grass: 40+/- acres are in native grass. Lease has been verbal with no additional value.

CRP: Contract # 11302A has 120.20 acres enrolled with a Rental Rate of $16.00 per acre for an Annual Payment $1,923.00 Expiring on 09/30/2030. Buyer shall receive the entire 2022 payment.

FSA:

156.24 acres Farmland and 155.88 acres Cropland

Crop Base Acres PLC Yield

Wheat 17.7 25

Grain Sorghum 17.98 56

Total Base Acres 35.68

Possession: CRP and Minerals shall be immediate upon closing.

Soil Types: Predominately Class IV Eva-Optima-Dalhart complex with 0-5% slopes.

Minerals: Mineral interests to and in the SE/4 of S13-T33-R34 and an undivided 1/3 interest to and in the SW/4 of S4-T34-R32 Seward County, KS & An undivided 1/6 interest and an additional participating interest in an undivided 1/6 interest to the NE/4 of S27-T6-R21 and An undivided 1/6 interest and an additional participating interest in an undivided 1/6 interest and to the NE/4 of S26-T6-R22 Beaver County, OK.

Production History

Kansas Lease Holder 2020 2021 2022

Edison Operating $228.31 $791.13 $190.28

Wynn-Crosby $31.38 $132.51 $100.94

Oklahoma Lease Holder

Encino Energy $96.50 $0.00 $0.00

Raydon $31.59 $297.28 $261.04

Totals $387.78 $1,220.92 $552.2