WalkAbout Acres. WalkAbout Acres Pierce, Colorado 80650

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1 WalkAbout Acres WalkAbout Acres Pierce, Colorado 80650

2 Table of Contents Section 1 Property Description Section 2 Location Section 3 Pricing and Financial Analysis Section 4 Comparable Sold/On the Market Properties Section 5 Market Overview

3 Property Description INVESTMENT OVERVIEW Investment Highlights 81 Lots Streets are in and established Sidewalks are in and established Water lines and shut off at each lot Sewer lines at each lot Electric at each lot Pads are build ready Walking paths throughout Common area s established HOA ready to establish Some lots can be re-zoned Multi-Family WalkAbout Acres is an established sub-division with 81 lots available. Out of the 112 lots that were designed for this sub-division, 19 lots have established homes built on them and 12 vacant lots have been sold. All asphalt roads are in and established all concrete sidewalks are in and all utility connection have been brought to each lot. Lots are complete with survey pins in place. Common areas have been established with sprinkler systems in place. Entrance signage with waterfall in place to enhance the sub-division. By purchasing the entire 81 lots, you control the HOA. Some lots are up to 94,000 Sq Ft and with a zoning change, townhomes or condos could be built on these lots. This subdivision sits just minutes from Hwy 85 which is a major artery between Cheyenne Wyoming and Greeley Colorado. Just 20 minutes south on Hwy 85, and you are at the new Laprino Foods plant in Greeley Colorado. Head west on County road 14 for 30 minutes and you are in Fort Collins Colorado, home of the CSU Rams.

4 Established Lots

5 Sub-Division Plat

6 Location Walkabout Acres is a developed sub-division located 75 miles north of Denver Colorado in the town of Pierce. Pierce is located just 30 minutes east of Fort Collins traveling on county road 14 and 20 minutes north of Greeley traveling on Hwy 85.

7 Pricing & Financial Analysis Pricing Number of Lots 81 Total Sq Ft 1,642,623 (37.7 Arces) Price per Sq Ft $.4997 Average Lot 20,000 Sq Ft Price $820, Average Price per lot $9, Down Payment $12, (nonrefundable after 7 day inspection) Terms Cash Estimated closing date June 14, 2013 O & E Available upon request Buyer responsible for their own Due Diligence Based on recent sold s, the purchase price equates to $.15 on the dollar

8 Comparable Sold/On the Market Sold City Date Sq Ft Sold Price Price Sq Ft Ault Jul-12 7,716 $24,700 $3.201 Ault Oct-12 9,479 $20,700 $2.184 Eaton Oct-12 10,783 $47,000 $4.359 Ault Nov-12 8,660 $20,700 $2.390 Ault Jan-13 9,558 $24,100 $2.521 Ault Feb-13 7,210 $24,100 $3.343 Eaton Feb-13 8,165 $40,500 $4.960 Ault Mar-13 9,825 $26,100 $2.656 Eaton Mar-13 14,252 $43,000 $3.017 Eaton Mar-13 11,195 $38,500 $3.439 Ault Apr-13 7,000 $28,100 $4.014 Eaton Apr-13 8,640 $36,000 $4.167 Eaton May-13 11,836 $36,500 $3.084 Average 9,563 $31,538 $3.334 O On The Market City Date Sq Ft Sold Price Price Sq Ft Eaton 9,350 $41,500 $4.439 Eaton 10,072 $44,000 $4.369 Eaton 11,486 $54,500 $4.745 Eaton 16,151 $52,000 $3.220 Greeley 8,477 $26,125 $3.082 Evans 8,455 $34,900 $4.128 Evans 7,200 $35,000 $4.861 Average 10,170 $41,146 $4.120

9 WalkAbout Acres, Pierce, Colorado Market Overview

10 Market Overview

11 Market Overview Noble Energy Commits 45% of Capital Program to Niobrara A Premier Oil Play Posted on May 27, 2013 by RockPick On May 22nd at the UBS Global Oil and Gas Conference Noble Energy presented the results and future plans of their Niobrara drilling program. The company now plans to commit 45% of their capital program or $1.7 billion dollars to exploration and development in the Niobrara play. Noble estimates it will be drilling up to 500 wells a year by 2016 on its properties as they expand into Northern Colorado. Their drilling results from their East Pony field located in Northern Colorado are yielding 80% oil and 5% NGL The companies efforts with extended reach laterals has payed off with an estimated potential yield 1 MMBOE EUR coming from their 9000 ft laterals. Noble now considers the entire Niobrara (A, B, C bench and Smoky Hill) and the Codell to be productive, allowing for a minimum of 16 wells (40 acre) per section. The company is currently testing additional high density patterns that will allow up to 32 wells per section. Oil in place is now estimated at 74 MMBoe per section. Niobrara Exploration Rockets Up Over 100% Year over Year Posted on May 27, 2013 by RockPick Baker Hughes DJ-Niobrara Exploration Rig Count for Week of 24 May 2013 Close examination and breakdown of Baker Hughes Interactive Rig Count statistics for the week of 24 May 2013 shows that the number of wells classified as Exploration (otherwise known in the O&G industry as Wildcats ) has rocketed (see accompanying chart) by over 100% in May as compared to a year ago. Exploration wells are wells that are drilled outside of known and established oilfield boundaries. These statistics suggest that operators in the Niobrara are now feeling enough comfort with their geologic and geophysical models to explore beyond the comfortable confines of the Wattenberg field where the bulk of Niobrara drilling has occurred to date.