Indigo Minerals LLC consists of an experienced team of exploration and production professionals with deep knowledge of all the relevant technical and financial issues applicable to the oil and gas industry. Originally formed in late 2006 out of a partnership between the Martin Companies, Yorktown Partners, and Indigo Management, Indigo has amassed a significant producing asset base in the Ark-La-Tex region, along with a very large, multi-state fee mineral position. Since its formation, Indigo has acquired about $350 million worth of properties and continues to grow its asset base. After very profitable asset sales during the peak period in mid 2008, Indigo still continues to own a working interest in over 700 wells and operates over 300 of these wells. Contained within its working interest properties, the Indigo technical team has identified over 3,000 very low-risk drilling locations which will be pursued over the next few years. Indigo also has significant exposure in various horizontal plays including the Haynesville Shale, Austin Chalk and Cotton Valley Sands. In addition to its traditional oil and gas producing and undeveloped asset base, Indigo also owns the existing oil and gas leases and minerals that were formerly owned by two of the largest private landowners in the state of Louisiana: Roy O. Martin Lumber LLC and Martin Timber Company, LLC. Indigo management oversees all decisions relative to the oil and gas rights contained on this fee mineral position, while the Martin group continues to manage the surface issues and timber rights on these affected lands. Various industry players are currently leasing acreage, drilling test wells and shooting new 3D seismic over some of this mineral position in Central Louisiana which generates revenue to both the surface and mineral owner.

In addition to this large fee mineral position spread across 30 different parishes in Louisiana, Indigo controls approximately 300,000 net fee minerals and royalty originally acquired from Callon Petroleum in late 2007. This additional acreage position involves 17 different states but is primarily located in Alabama, Mississippi, Louisiana and Oklahoma. Much like the Louisiana mineral position, many different operators are drilling test wells and shooting new 3D seismic over some of this mineral position, particularly in various South Alabama oil plays. Combining its overall working interest and mineral positions, Indigo now controls over 760,000 net acres and has an interest in approximately 1,360 producing wells, making Indigo one of the largest private E&P players in the onshore Gulf Coast region.

Indigo’s team has extensive technical experience in all plays throughout this onshore Gulf Coast area. Consequently, in addition to drilling and operating our working interest assets in the ALT region, Indigo aggressively seeks new opportunities to:

•  Acquire new producing assets and undeveloped leasehold in the region

•  Develop tight gas assets utilizing both vertical and horizontal well technology

•  Operate wells on our mineral position where appropriate

•  Participate with others drilling on our minerals

•  Acquire other mineral interests and/or royalties along the onshore Gulf Coast

Indigo is a unique E&P player that recognizes that operators, non-operated working interest partners and mineral interest owners all approach the industry from a different point of view. Indigo understands what it takes to see things from all perspectives. Get to know the difference Indigo can make for you.