Operations: Drilling | Completion | Oil & Gas Revenue

Operations: Oil and Gas Revenue

All revenues received from production are deposited into a special segregated revenue distribution account. The account is used solely for the receipt and disbursement of production revenues and operating expenses and is not commingled with the general funds of Blue Flame Energy. The Energy Group, Inc. (our administrative services provider) makes monthly distributions of net revenues from the office in East Dundee, Illinois.

The distribution month generally reflects a 75-day lag behind the actual production month. For example, well interest owner payment and statement for natural gas produced during May will be mailed out mid-August. This 75-day lag encompasses the time it takes purchasers to pay us (+/- 60 days) and how long it takes us to confirm receipts, pay bills and distribute proceeds for our +/- 225 wells.

Operations: Drilling | Completion | Oil & Gas Revenue

THIS IS NOT AN OFFER TO BUY OUR SECURITIES. OUR SECURITIES OFFER IS MADE ONLY BY MEMORANDUM TO QUALIFIED INVESTORS. NO SALE OF ANY SECURITY IS MADE IN ANY STATE UNTIL SUCH SECURITIES HAVE BEEN MADE THE SUBJECT OF A DULY QUALIFIED EXEMPT TRANSACTION PROVISION IN ANY STATE IN WHICH SUCH SECURITY IS TO BE SOLD AND A FINAL PRIVATE PLACEMENT MEMORANDUM IS DELIVERED TO EACH OFFEREE.

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