Big Sky Petroleum Corporation spudded the Schafer No.1 vertical Wolfberry Well on January 18, 2013. The well was drilled to a TVD (Total Vertical Depth) of 7,370 feet without any incidents and below the wells' initial cost estimate. The well has been cored, logged and cased.

The technical data from both the coring and logging operations has been submitted for analysis and evaluation to determine the multiple horizons which the Company will complete within the wellbore.