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COMPANY PROFILE

• Fairway Resources was formed in 2005 by co-founders Matt Eagleston and Les Stephens; Joe Small subsequently joined to form the company’s management team
  
  
• Fairway Resources’ management team was hand-picked based upon the company’s business plan
  
  
• Working with Goldman Sachs, Fairway Resources formed Fairway Resources Partners, LP ("Fairway I”) in February of 2006
  
  
• Fairway Resources GP, LLC, wholly-owned by a Goldman Sachs subsidiary, is the general partner of Fairway I and is managed by a Board of Managers composed of two Goldman Sachs officials, Matt Eagleston, Les Stephens and Harry Quarls, the former Senior Partner at Booze Allen Hamilton

• Fairway I owns all properties located in Texas
  
  
• Fairway Resources Operating, LLC is a wholly-owned subsidiary of Fairway I

• Again working with Goldman Sachs, Fairway Resources formed Fairway Resources Partners II, LLC ("Fairway II") in December of 2010

• Fairway II is managed by a Board of Managers composed of the same professionals responsible for Fairway I

• Fairway II owns all properties located in Oklahoma

• Fairway Resources focuses its current activities in two core areas, the Fort Worth Basin in Texas and the hoizontal Mississippian oil play in Oklahoma
  
  
• Fairway Resources’ goal is to build an attractive portfolio of oil and gas properties in the most cost-effective manner possible
  
  
• Fairway Resources focuses on “creating value through the drill bit”
  
  
• Fairway Resources targets unconventional shale gas and other selected exploitation-style reservoirs