Woodbury Resources has assembled over 40,000 net acres of new oil and gas leases, predominantly fee, with five year primary terms plus five year options, constituting effective control of a Niobrara sweet spot in the North Park Basin of Colorado. The leases cover five stacked benches of overpressured Niobrara at 7,000 to 9,000+ feet drilling depths and lie adjacent and east of the Sandridge activity. Sandridge is experiencing 30-day average IPs of approximately 500 BOED (about 90% oil). The area compares favorably to Wattenberg and Arapahoe areas of the DJ, with approximately 50 MMBO in place per square mile. The position is available for a negotiated sale to a qualified operator.