No assurances can be made as it relates to production, income, distributions, reserves, profitability, prices, timelines and/or any other estimates. Oil and gas investments are subject to a high degree of risk, uncertainty, unpredictability, indefinite delays, loss of investment and are suitable only for SEC defined accredited investors who are sophisticated in making business and investment decisions. 'The fact the SEC defined investors can deduct 100% of their investment against all forms of income (state and federal) and further mitigates a good amount of the risk associated with these projects,' added Stengell. Berea oil production from Lawrence County, Kentucky reportedly represents nearly ~20 - 25% of the states total annual oil production. Tier I horizontal Berea oil wells in this area have reportedly averaged in the range of ~100 - 150 BOPD over the initial 90 days of production with an estimated EUR ~100000 - 150000 BOE high-side reserve target estimate per well. The Company is growing more confident in the reserves and production potential at JDH #5, JDH #6 and JDH #7, and believe that a strong recovery for the oil and gas sector is under way”, added Stengell. “However, oil prices are definitely on the rise and look really good, long-term. “The pandemic has caused many delays, labor shortages and many other challenges for Encore as it relates to field operations,” said Steve Stengell, Encore’s President CEO.

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