Springer Energy Development LLC

.Springer Energy Partners, LP

Executive Summary

Shoats Creek Field

South Weslaco Gas Unit

May 2015

Table of Contents

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2. Table of Contents

3. Partnership & General Partner Overview

4. Partnership Term Sheet

5. Sources and Uses of Funds

6. South Weslaco Gas Unit Overview

7. Shoats Creek Field Summary

8. Shoats Creek Infrastructure

9. SC Geology and Reservior Analysis

10.SC Frio Sand Overview

11.SC Cockfield Sand Overview

12.SC Proposed New Drill

13.SC Drilling Inventory

14. SC Regional Overview

Appendices and Memorandums:

1. Economics & Reserves

2. Confidential Offering Memorandum

3. Form of Limited Partnership

4. Subscription Documents and Disclosure

Partnership & General Partner Overview

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Springer Energy Partners, LP ("Springer") is designed to offer investors immediate cash flow

supported by producing natural gas wells with steady, long lived production and upside based on a

drilling program to continue development in a prolific oil field in Beauregard Parish, Louisiana. The

partnership will own interests in three producing natural gas wells in the South Weslaco Gas Unit in

Hidalgo County, Texas which will underpin the preferred return to investors and provide a solid base

for the investment opportunity. Additionally the partnership will participate in a minimum of four new

drill wells at Shoats Creek Field which has produced cumulative oil in excess of 2.4 million barrels to

date.

Springer Energy Partners, LP: GP, Springer Energy Development, LLC

Springer Energy Development, LLC is managed by three seasoned participants in the

oil and gas industry

Northcote Energy Limited, a UK AIM listed oil and gas company with over 4,000 net acres of

leasehold in three states including Texas, Oklahoma and Louisiana. Northcote is focused on

developing conventional oil and gas prospects (vertical drilling with limited use of fracture stimulation

required to recover oil and gas) taking positions in its wells with balance sheet capital supplied by the

shareholders of Northcote. The company is led by Randall J. Connally a seasoned oil and gas

executive with 20 years experience in oil and gas operations, business development and finance. More

information on the company can be found on our website: www.northcoteenergy.com.

RiverBend Energy, LLC, a private Texas based company formed in 2010. RiverBend is a

shareholder of Northcote and manages two partnerships focused on development of oil and gas

assets in the State of Oklahoma. RiverBend is managed by Stephen D. Keller.

Bryon Conley has been involved in the oil and gas business as an advisor and investor since 2008

when he entered into a shale gas play in Haskell County, Oklahoma along with Steve Antry of Beta Oil

and Gas, Inc. Since that initial foray into the oil and gas industry Mr. Conley has been involved with a

number of private and public oil and gas companies including RiverBend Energy, LLC where his

concepts and strategies recommended by Mr. Conley directly resulted in the realization of a 60% profit

on investment for investors in an oil and gas project that had seen poor financial performance for more

than two years prior to his involvement. Additionally Mr. Conley developed an acquisition,

turnaround plan for a publicly traded company. Mr. Conley has developed a detailed understanding of

oil and gas reservoir engineering principles and process/operations enhancement strategies in the oil

and gas business.

Mr. Conley is also a senior design engineer with Intel responsible for technical readiness, micro-

architecture feasibility, and development of flagship microprocessors since 1993 and introduced new

design technologies for high performance designs. He has made significant contributions to over 10

well-known microprocessor design projects – critical flagship products for Intel over the past 21 years.

Mr. Conley received his B.S. in Applied Mathematics, Applied Physics, and Computer Engineering at

U.C. Davis, California in 1987.

Partnership Terms:

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Investor Limited Partner Contributions

Minimum Total Cash Investment to Close: US$350,000.00

Northcote Limited Partner Contribution

100% of Northcote Texas LLC’s wellbore level interest in the South

Weslaco Gas Unit ("SWGU") at a Contributed Value of US$350,000.00

Initial Shoats Creek Leasehold at a Contributed Value of US $40,000

Preferred Return

Investor Limited Partners will receive a preferred return of 8.0% per

annum prior to any distribution to either (i) Northcote as a limited

partner; or, (ii) the General Partner. The preferred return is supported by

the cash flows from the SWGU wellbore production.

Distribution of Cash Flow in excess of the Preferred Return

Prior to achieving a 2.0x Payout:

80% to Limited Partners until 2.0x Payout (Payout defined as return of

100% of capital invested or in the case of Northcote, the Contributed Value

of the SWGU)

20% to the General Partner until 2.0x Payout

After achieving a 2.0x Payout:

50% to the Limited Partners

50% to the General Partner

Partnership Participation and Activities:

- The Partnership will own the interest in SWGU and participate in the

cash flows from that established production

- The Partnership will participate in at least four (4) new drill wells at the

Shoats Creek Field at a level appropriate for the capital available to the

Partnership

- The Partnership will have the right, but not the obligation, to participate

in subsequent wells at the Shoats Creek Field where four (4) additional

locations have been identified

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Sources and Uses of Funds

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• The Partnership has a minimum subscription of thirty (30)

units, and a maximum of one hundred (100) units.

• Minimum Subscription of $750,000, Maximum $2,500,000

• Northcote Texas LLC will hold sixteen (16) units, and the

investor Limited Partners would hold fourteen (14) units under

the minimum subscription.

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South Weslaco Gas Unit

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• Operated by Kaler Energy Corp. (RRC# 450261).

• Lease covers 6,329+/- Acres in Juan Jose Hinojosa de Balli

Survey A-54, Hidalgo County, Texas.

• Non-operated Working Interest 25% (NWI 16.510051%) in all

but one well (12.5%).

• Multiple Pay Opportunity (Upper Frio, Willis, Skaggs, Fausek)

at reasonable depths (from 6,000 to 11,200).

• 523 MMCFE Proved Developed Producing Reserves from five

wells.

• 135 MMCFE Proved Developed Behind Pipe Reserves in three

currently producing wells.

• 224 MMCFE Proved Undeveloped Reserves in one undrilled

location.

• 532 MMCFE Probable reserves in 4 undrilled locations.

Reserves estimated by Sojen Petroleum Consulting as of January 1, 2012 with a report dated

February 21, 2012.

• Average net Cash Flow (Recent 6 months) =

$8,000

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Shoats Creek Field Summary

• The Shoats Creek Field was discovered in the 1950’s by random drilling.

• Shoats Creek has multiple producing formations including the Frio Sand, Cockfield, and Wilcox.

• More than 2.4 MMBO and 23 BCF have been produced from the Shoats Creek Field.

• Located approximately 15 miles northwest of DeQuincy, Louisiana

• Has been continuously produced for almost 60 years.

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Infrastructure and Resources

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• Shoats Creek is a mature field with

continuous production for more than 50

years.

• Existing roads and central tank battery

have been improved by Northcote since

acquisition in 2014.

• Northcote has agreement with Texas

Gathering LLC for purchase of crude oil.

• Natural gas pipelines and tie in facilities

located on leasehold acreage.

• Existing Salt Water Disposal well located

on property.

• All necessary Oil Field Services and

Drilling contractors located nearby in Lake

Charles, LA and SE Texas.

• Northcote maintains on site offices and

staff.

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Shoats Creek Geology and Reservoir Analysis

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The primary objective has been the Middle Eocene Cockfield Formation (CF)

which lies between 8,000 and 9,350ft KB, beginning with the 8,050ft Sand and

ending with the Cockfield 7 (CF-7 or 9,300ft Sand). Most production to date

has been from the 8,950ft CF-5 sand. The Cockfield Formation accumulated in

an open shelf setting with the sands attributed to drawdown following storm

surges. As such they tend to be continuous, albeit thin and laminated, with

bed thicknesses ranging from 2ft to 20ft and generally forming coarsening-up

units. The sands and their host sequences can be tracked from well to well,

though log correlations can be complicated by localized deposition and low

relief erosive events. Only the thick CF-2 and the CF-4 sands can be reliably

mapped on the available 3-D seismic. The initial GOR was 10,000. The source

is older Tertiary oil and gas-prone shales and coals with charging by way of

fault zones.

• The structure is a 3,000 acre

rollover anticline positioned

along the hanging wall of an

east-west trending growth fault,

one of many that track the early

Tertiary Gulf shelf margin. 2,300

acres of this closure including the

crestal region is operated by

Aminex USA.

• Total area of the Shoats Creek

field unit leases is 1,570 acres,

encompassing the highly

productive Cockfield Sands.

• Cockfield oils are light with APIs

> 50˚. The Frio API is 32˚ There

is associated gas, especially in

the Cockfield. A strong water

drive characterizes the Frio.

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Frio Sand Highlights

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• The Frio Formation of Oligocene age has

produced some 130,000 MMBO from three

wells. The API is 32˚, which is considered

LLS (Louisiana Light Sweet Crude). The

sands may be thick (up to 150’). Though

fine grained, the sands are porous, highly

permeable and shallow. Up dip to the

North stratigraphic trapping is envisaged

for successive Frio sand units.

• It is believed that poor primary and

remedial cement jobs in the past have led

to water erosion behind pipe, which in

combination with the high salinities

present, has caused casing collapses and

the premature cessation of production.

• This water drive oil reservoir has shown

historically nominal decline curve

attributes.

• Recent engineering studies indicate EUR’s

of new drills to be approximately 60

MMBO to 120 MMBO.

• Lutcher Moore #16 produced over 96,000

BO in just three years.

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Cockfield Highlights

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• Contains multiple zones for evaluation and

completion with average depth of 8,600’

• Can be completed with vertical holes relatively

inexpensively.

• Plug-back opportunities to additional zones after CF5

is depleted.

• CF 5 is responding to an edge water drive in

southwest portion of lease.

• Evidence of edge water drive in the east and

southeast portions of the field.

• High gravity 50º API Gravity crude oil with 2000-

5600 GOR.

• Under-produced and Un-produced compartments in

South Central and Southeast portion of field in CF 5

found by 3D Seismic data.

• CF 5 Water-flood should sweep +35% additional

OOIP.

• 1,200 acres considered capable of water-flooding.

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Proposed Frio Sand New Drill

• Proposed drill location is a direct offset “twin” tothe Lutcher Moore #16 well which was drilled in1981. The LM #16 produced more than 96 MMBOin approximately 36 months prior to a casingfailure. Production at the time of failure was inexcess of 100 BOPD.

• Reservoir analysis and seismic interpretationindicate that new drill location will be “up dip”from previous well, and could provide for anadditional 1 to 2 feet of pay.

• Using modern technology, more robust completiontechniques and improved engineering, it isexpected that issues experienced in previous wellsincluding casing failure can be eliminated.

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Drilling Inventory

• A total of 8 drilling locations have been identified and mapped.

• Cowboy - This is a Twin to the LM-16 well targeting up dip reserves from the Frio. The LM-16 made over 90MBO in less than 3 years

• Bronco – This is a well located with Seismic targeting the Cockfield 2 and 5 sands.

• Raven – This is a test for Multi Pay from the Cockfield. Seismic work indicates this may be a large unexploited part of the Reservoir Complex

• Colt – This is a second Low Risk Frio well. That is updip from production and should tap currently unproduceable reserves.

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Shoats Creek Regional Maps

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Springer Energy Development LLC 18333 Preston Rd, Suite 210

Dallas, TX 75252214-764-8567

gp@springerenergy.com

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