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Natural Soda, Inc. <br />Directional Well Summary Report <br />Recovery Well 10H -1V <br />Prepared by <br />Daub & Associates, Inc. <br />Grand Junction, CO <br />for <br />Natural Soda, Inc. <br />Introduction <br />The Natural Soda, Inc. (NSI) 10H -1V Recovery Well was a directionally - drilled slant well <br />located near the depositional center of the Piceance Creek Basin in northwestern <br />Colorado. The surface hole is located on the NSI Federal Sodium Lease (Serial No. C- <br />0118327) in the SW quarter of the SE quarter of Section 26, Township 1 South, Range 98 <br />West, 61h P.M. in Rio Blanco County, Colorado. The well is located at 39.928386 degrees <br />North latitude (Lat) and 108.357516 degrees West longitude (Long), referenced to NAD 27. <br />The as -built surveyed ground elevation (GL) was 6,695.1 feet above mean sea level (MSL); <br />the Kelly Bushing (KB) elevation was 6,706.1 feet MSL. Depths mentioned in the text are <br />reported relative to KB. All depths referenced below the kick -off point (KOP) are <br />measured depth (MD) values, referenced to KB. <br />The 10H Upper Boies Bed (UBB) horizontal mining interval was originally developed with <br />the 10H -I injection well and the 10H -R recovery well. In this area, the UBB is a 21- to 23- <br />foot thick bed of mostly pure white crystalline nahcolite (sodium bicarbonate) found in the <br />L -5 stratigraphic zone of the Parachute Creek Member of the Green River Formation. The <br />10H -1 and 10H -R wells were originally completed in 2009 and were interconnected a short <br />distance beyond the intermediate casing points. Issues with the 10H cavity production <br />were noted and mining in the 10H cavity stopped in June 2011. Unsuccessful remediation <br />efforts took place between July 2011 and February 2012. Unsuccessful sidetracks were <br />attempted in June 2012. The plan to construct the 10H -1V well was submitted and BLM <br />approval was received in March 2013. The NSI 10H -1V Recovery Well was constructed on <br />Daub & Associates, Inc. Page 1 of 13 10H -1V Well Summary Report <br />