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  Freddie J. Hensley
Mr. Hensley has a long and distinguished background in petroleum engineering, prospect generating, along with management of oil and gas exploration and production activities. Mr. Hensley received a Bachelor of Science and Masters of Science degree in Petroleum Engineering from Tulsa University in 1969, which served as his primary entry into the oil and gas business. Since 2004, as President and Co founder of H-Petro-R, Inc. (HPR) in addition to overall management, Mr. Hensley’s focus has been on regional field studies and the generation of quality oil and gas prospects.

Since 2003 Mr. Hensley has developed regional studies in Seminole County, Oklahoma to delineate Wilcox Sand prospects by employing the latest 3-D seismic technology. The Wilcox reservoirs are the primary reservoirs of the Greater Seminole Producing Province that has produced over 1 billion barrels of oil since the early field discoveries of the 1920's and 1930’s.

Recently Mr. Hensley has also been engaged in evaluating the deep gas reservoirs of the Anadarko Basin. His consulting company, Hensley Petroleum Consultants, Inc. (HPC) performed studies covering Beckham, Caddo, Rogers Mills, Custer, and Washita counties of Oklahoma, and Hemphill and Wheeler counties in Texas.

On occasion, Mr. Hensley serves as an expert witness at the Oklahoma Corporation Commission, State and Federal court cases, as a reservoir engineering specialist. In addition, Mr. Hensley has managed a small independent exploration and production company that included thirty (30) operated wells and has interests in another 50 outside operated wells.
During 2001, 2002, and part of 2003 Mr. Hensley served as an expert advisor in a regional study of the Ardmore Basin for prospects in the prolific Simpson Series reservoirs. The application of 3-D seismic technology was used in prospect definition. This resulted in a recent discovery well that is currently producing 200 Bbls of oil and 3 million cubic feet of gas with several more wells planned.
From 1989 to 2004, Mr. Hensley served as President of his consulting firm, Hensley Petroleum Consultants, Inc. (HPC). During this period, Mr. Hensley served as an adviser to MCNIC Energy on exploration and production investment opportunities. Mr. Hensley also organized and evaluated the MCNIC Mid-continent and Permian Basin properties that were the subject of a $500 to $800 million dollar divestment. In addition Mr. Hensley was retained by a Tulsa consulting company to aid in the secondary/enhanced oil recovery studies of three fields in Western Pakistan.
Hensley Petroleum Consultants, Inc. also conducted geological and reservoir engineering studies to develop operational business plans on several existing oil fields in the former Republics of the U.S.S.R.(FSU), and present associated economics. The initial assignment was in Kyrgyzstan where 14 fields were the subject of study. Hensley Petroleum Consultants, Inc. developed the total business plan to invest a minimum of $25 million dollars in oil and gas production and exploration projects, and the installation and operations of a 50,000 barrels a day crude oil refinery.
In early 1982, Mr. Hensley, as president of Hensley Petroleum Resources, Inc., developed and leased his own prospects which were sold to "key operators”. Through 1985 more than fifty (50) wells were drilled and completed in the Mustang-Tuttle area of Oklahoma as a result of Mr. Hensley's geology and exploration ideas. The exploration activity in the Mustang-Tuttle area maintained a 95% success ratio. As a result of his employment with Ratliff (see below) and the drilling success of the Mustang-Tuttle area Mr. Hensley had interests in approximately 110 wells. During this period Mr. Hensley continued working as an independent operator, developing and exploring for oil and gas reserves. His efforts resulted in limited success due to the downturn of the petroleum industry. Mr. Hensley concentrated on the development of natural gas reserves during this time and consequently performed several major studies in the Anadarko and Arkoma Basins of Oklahoma.

From 1979 to 1982 Mr. Hensley was associated with Ratliff Exploration Company. Starting as Manager of Engineering, he was promoted after one year to Vice President of Exploration and Production, responsible for coordinating all of the company’s exploration and production activity. Mr. Hensley negotiated the purchase of oil and gas leases from the Will Rogers Airport Trust and drilled 50 wells during the initial field development. The Will Rogers Airport (Wheatland) Field is considered a major find, and the subsequent owners (TXO) drilled an additional 56 wells, ultimately selling the field to Marathon Oil Company. Marathon proceeded with further development in which they drilled and additional sixteen (16) wells and implemented a secondary recovery waterflood project. The development phase of this field yielded approximately a 90% success ratio on completions in the drilling of more than 100 wells. To date this field has recovered in excess of ten million barrels (10,000,000) of oil and 75 billion cubic feet of gas. At today’s oil and gas prices, this type of produced oil and gas reserves would generate a product value of $1,300,000,000.
From 1971 to 1979, Mr. Hensley held various positions in reservoir engineering with Skelly Oil Company in Tulsa, Oklahoma. Mr. Hensley developed plans of operation for the waterflood properties operated by Skelly. In particular, he developed the gas injection and waterflood plan of operation for the Vess Unit (Velma Sims Sand Unit), Stephens County, Oklahoma. This unit contributed approximately 75% of Skelly's total company profits. Full scale crestal gas injection and waterflood operations took the Vess Unit from less than 15,000 barrels of oil per day to a peak oil producing rate over 32,000 barrels of oil per day. Under the recommendation of Mr. Hensley a computerized automation system was installed in the Vess Unit to implement a field-wide waterflood monitoring program. Mr. Hensley was chosen to initiate evaluations of tertiary recovery processes for the Vess Unit. The Vess Unit had an estimated 728 million barrel of oil in place. During his tenure in the Oklahoma City District he was chosen to report to the Executive Vice President of Exploration and Production in resolving special reservoir engineering problems within Skelly organization.

At the age of 29, Mr. Hensley was promoted to District Reservoir Engineer in the Midland District. In his new position he supervised eight reservoir engineers and five support personnel. Mr. Hensley was in charge of finalizing the district plans of operation on several thousand properties throughout the Permian Basin region at an estimated annual budget of $50 million. Included were twenty two Skelly operated active waterfloods. After one year in the Midland District Mr. Hensley was transferred to the Duncan District Office (previously the Oklahoma City District) as district reservoir engineer to take charge of developing and implementing waterflood plans on several Skelly operated properties in southern Oklahoma. Mr. Hensley supervised a staff of twelve and continued to be in charge of developing District Budget plans in the range of $15 to $20 million annually for exploration and production projects. This assignment included a continuation of the studies of a tertiary recovery process for the Vess Unit. During a two-year assignment as district reservoir engineer, the Duncan District realized an increase of forty five hundred (4,500) barrels of oil per day and eighteen (18) million MCF per day by implementing optimum plans of operations, originating from Mr. Hensley's staff, within the mid-continent region.
Shell Oil Company in Midland, Texas where he worked until 1971. In the Shell organization his entry position Mr. Hensley had begun his career in the petroleum industry in 1969 as a petroleum engineer with was an exploitation engineer. The job functions were primarily the evaluation of drilling and work over proposals from the production geologists. This involved AFE preparation, reserve and economic evaluations, well-site geology, well-site engineering of coring and testing (DST) procedures, well logging, and preparation of completion prognoses. Approximately 75% of these job responsibilities involved time in the field supervising drilling and completion operations. After one year as an exploitation engineer Mr. Hensley was promoted to an operations engineer. This job required that he develop workover recommendations for the wells in the Denver Unit, Wasson (San Andres) Field, Yoakum County, Texas. The Denver Unit was a mature waterflood, with several thousand wells, that was experiencing a substantial increased density drilling program and was in the initial stages of evaluation of tertiary recovery processes.

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