| Bass Energy & Exploration

Fixed-price drilling or completion agreement.

Extended Definition

The contractor agrees to deliver a well to a defined stage for a set price, shifting certain execution and cost risks from the operator to the contractor.

What It Means to an Investor

Improves cost certainty and schedule discipline, but may reduce flexibility; helpful for budgeting and AFE adherence.

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Nothing herein is intended to constitute an offer, or the solicitation of an offer, to buy or subscribe for any securities to any person in any jurisdiction unless otherwise stated. Offers or solicitations which are made to buy or sell any securities are only be made pursuant to the Disclosure Memorandum, which contains important information about risks, fees, expenses, and details. Further, no offer is made in any jurisdiction where such securities are not registered or appropriately exempted. Unless otherwise stated, any securities listed herein will not be registered under the US Securities Act of 1933 as amended, or any other act, and only qualified Investors as defined in 17 CFR 230.501(a) and persons residing abroad in jurisdictions where securities registration exemptions apply may purchase them.

Turnkey Contract

Fixed-price drilling or completion agreement.

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