CORE INDUSTRY PARTNERS

GENERAL ELECTRIC

Working as a General Partner with General Electric since January 2012, Burnett Petroleum Company participates in a partnership that owns and operates properties in the Talco Field in Franklin and Titus Counties, Texas.

CIC PARTNERS

With an investment record reaching back more than thirty years, Dallas-based CIC Partners owns a substantial interest in Magnolia Petroleum Company along with Burnett Petroleum Company.

DAVIS HOLDINGS

Davis Holdings L.P. is a privately held company with areas of expertise in real estate, oil and gas exploration and development and different aspects of venture capital. Davis Holdings L.P. and affiliates have interests in or operate over 50 various properties located in Texas and Oklahoma. In addition, there are 12 active prospects in the company's portfolio.

ROSEWOOD RESOURCES

Rosewood Resources, Inc. is a privately held oil and gas company founded in 1983 and headquartered in Dallas, Texas. The company operates over 1,000 wells in Colorado, Kansas, Utah, and Texas, and has extensive non-operated interests in North Dakota and Oklahoma. Burnett Petroleum has worked with Rosewood Resources since August 2012 developing a wildcat prospect in Grant Parish, Louisiana and is currently working with Rosewood on a prospect in Kansas.

TAUBER EXPLORATION & PRODUCTION

Tauber Exploration & Production is a privately owned, Texas corporation located in Houston. Active in the petroleum exploration and production business since the early 1970’s, Tauber has enjoyed the success of developing oil and gas properties in the areas of East Texas, South Texas, the Gulf Coast of Texas, Southern Louisiana, and Oklahoma. Burnett Petroleum has worked with Tauber since January 2010. Tauber is a working interest owner in the Mercy Seat field and West Skillern in Tyler County, Texas and in Grant Parish, Louisiana in which Arcadia Operating LLC is the operator.

MAGNOLIA PETROLEUM COMPANY

Magnolia Petroleum Company was founded in 2013 by Burnett Petroleum Company and CIC Partners. Magnolia has extensive interests in properties throughout South Texas and Louisiana and specializes in the acquisition and exploitation of oil and gas properties. Magnolia is highly aggressive in exploiting its current assets, as well as in adding to its current asset base. All Magnolia wells are operated by Arcadia.

ARCADIA OPERATING

Arcadia Operating LLC is a privately owned, Texas corporation based in Dallas. Arcadia has been active in the oil & gas industry since the early 1930’s. Throughout the years, Arcadia has enjoyed success through exploration and exploitation of oil and natural gas properties. A benchmark of East Texas operating, Arcadia has displays throughout the East Texas Oil Museum at Kilgore College. All BPC wells are operated by Arcadia.

OTHER INDUSTRY PARTNERS

ExxonMobil

XTO Energy Inc.

Kinder Morgan Production Company

Macquarie Energy

Esenjay Petroleum Corporation

Cox & Perkins

Crimson Energy Partners III, LLC

Dallas Production, Inc.

Wynn Crosby

Dorchester Minerals, LP

Westphal Oil & Gas

Kiwi Energy, LTD

Miller Energy Resources

Suemaur Exploration & Production, LLC

Devon Energy Corporation

Occidental Petroleum Corporation

Winn Exploration Company

Dewbre Petroleum Corporation

Harvest Operations Corporation

ConocoPhillips Co.

Canadian Natural Resources

Apache Corporation

Talisman Energy

Pengrowth Energy Corporation

Bonavista Energy Corporation

Encana

Hilcorp Energy LP

Finley Resources Inc

PROFESSIONAL RELATIONSHIPS

Wagner, Eubank, & Nichols

Ernst & Young LLP

Vinson & Elkins

Finley & Cook PLLC

Amegy Bank

Gardere Wynne Sewell LLP

Thompson & Knight LLP

LaRoche Petroleum Consultants LTD

Cawley, Gillespie, & Associates, Inc.

Brashier Crosby, P.L.L.C.

Moffitt and Associates, Inc.