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LAKE 16-21

-- ALL RATES ESTIMATED

-- STAGE 1 - LOWER SEGO

-- Oil Rate 22 BOPD (60 Deg API)

-- Gas Rate 400 mcfg/d

-- Water Rate 400 bbl/d

-- STAGE 2 - CORCORAN

-- Oil Rate 27 BOPD (55 Deg API)

-- Gas Rate 80 mcfg/d

-- STAGE 6 - LOWER WILLIAMSFORK (CAMEO COAL)

-- Gas Rate 310 mcfg/d

-- Water Rate 336 bbl/d

-- STAGE 7 - LOWER WILLIAMSFORK

-- Gas Rate Not Measurable

-- STAGE 8 - LOWER WILLIAMSFORK

-- Gas Rate 322 mcfg/d

-- Water Rate 102 bbl/d

LAKE 6-22

-- ALL RATES ESTIMATED

-- STAGE 1 - CORCORAN 12-2-2008 to 12-11-2008

-- Oil Rate 46 BOPD (51 Deg API)

-- Gas Rate 200 mcfg/d

-- Water Rate 182 bbls/d

-- STAGE 2 - LOWER WILLIAMSFORK (CAMEO COAL)

-- Oil Rate 18 BOPD

-- Gas Rate 300 mcfg/d

-- Water Rate 58 bbl/d

-- STAGE 3 - LOWER WILLIAMSFORK

-- Oil 2 bbls (Trace)

-- Gas Rate 310 mcfg/d

-- Water Rate 41 bbl/d

-- STAGE 4 - LOWER WILLIAMSFORK

-- Gas Rate (No Measurable Rate)

-- Water Rate 197 bbl/d

-- STAGE 5 & 6 - UPPER WILLIAMSFORK

-- Gas Rate (No Measurable Rate)

PetroHunter is continuing to evaluate these results and will conduct scientific analysis of this information over the next several weeks, and is currently evaluating the gas potential of the uphole section of these wells. PetroHunter has also commenced testing and completion operations on the Anderson 6-16 well, which is one of the five wells previously drilled and not completed.