Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 7 Key Information 7 Company Overview 7 Daybreak Oil and Gas, Inc., Valuation and Financial Data, 2011-2015 8 Daybreak Oil and Gas, Inc., Share Price Performance, 2011-2015 8 Share Price Performance, 2011-2015 8 Key Valuation Metrics, 2011-2015 9 Daybreak Oil and Gas, Inc., Production and Reserves Trends 10 Total Oil and Gas, Reserves and Production 10 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 10 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 12 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 14 Crude Oil/Liquids Production and Reserve 15 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 15 Crude Oil Production and Reserves By Country/Region, 2011-2015 16 Crude Oil/Liquids Reserve Changes, 2011-2015 18 Natural Gas Production and Reserve 19 Natural Gas Production and Reserve Trend, 2011-2015 19 Natural Gas Production and Reserves, By Country/Region, 2011-2015 20 Natural Gas Reserve Changes, 2011-2015 22 Total Crude Oil and Natural Gas Reserves Life Index 23 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 23 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 24 Daybreak Oil and Gas, Inc., E&P Costs Trends 26 Allocation of the Upstream Capital Expenditure 26 Upstream Capital Expenditure, 2011-2015 26 Acquisition Costs By Country/Region, 2011-2015 27 Exploration and Development Costs, By Country/Region, 2011-2015 29 Oil and Gas Cost Per boe, US$/boe 31 Oil and Gas Cost Per boe, US$/boe, 2011-2015 31 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 33 Daybreak Oil and Gas, Inc., Reserve Replacement Ratio 35 Oil and Gas Production Replacement Ratio 35 Oil and Gas Production Replacement Ratio, 2011-2015 35 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 37 Daybreak Oil and Gas, Inc., Results of Oil & Gas Operations Trend 41 Oil and Gas Revenue and Expenses 41 Oil and Gas Revenue and Expenses, 2011-2015 41 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 42 Oil and Gas Revenue and Expenses, Per boe 46 Oil and Gas Revenue and Expenses, By boe, 2011-2015 46 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 47 Oil and Gas Performance Metrics 51 Daybreak Oil and Gas, Inc., Land Holdings and Well Data 52 Developed and Undeveloped Acreage 52 Gross and Net Developed and Undeveloped Acreage, 2011-2015 52 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 53 Well Statistics 56 Producible Oil and Gas Well, 2011-2015 56 Producible Oil and Gas Well, By Country/Region, 2011-2015 57 Exploration and Development Wells Drilled, 2011-2015 59 Recent Developments 61 Daybreak Oil and Gas, Inc. - Recent Developments 61 Apr 23, 2015: Daybreak Oil And Gas Announces 18% Increase In Proved Oil Reserve 61 Jan 29, 2015: Daybreak Oil And Gas Announces Record Initial Production Rate On New Oil Well In Kentucky 61 Appendix 62 Methodology 62 Coverage 62 Secondary Research 62 Primary Research 62 Data Information Sources 63 Company Source 63 SEC/Other Regulatory Filings 63 Other Sources 63 Expert Panel Validation 63 Data Definition 63 Oil and Gas Reserves 63 Units of Measure 64 About GlobalData 64 Disclosure 64 Disclaimer 64

List of Tables Table 1: Daybreak Oil and Gas, Inc., Key Facts 7 Table 2: Daybreak Oil and Gas, Inc., Share Price Performance, 2011-2015 8 Table 3: Daybreak Oil and Gas, Inc., Key Valuation Metrics, 2011-2015 9 Table 4: Daybreak Oil and Gas, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 11 Table 5: Daybreak Oil and Gas, Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 13 Table 6: Daybreak Oil and Gas, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 14 Table 7: Daybreak Oil and Gas, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 15 Table 8: Daybreak Oil and Gas, Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 17 Table 9: Daybreak Oil and Gas, Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 18 Table 10: Daybreak Oil and Gas, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 19 Table 11: Daybreak Oil and Gas, Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 21 Table 12: Daybreak Oil and Gas, Inc., Natural Gas Reserve Changes, bcf, 2011-2015 22 Table 13: Daybreak Oil and Gas, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 23 Table 14: Daybreak Oil and Gas, Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 25 Table 15: Daybreak Oil and Gas, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 26 Table 16: Daybreak Oil and Gas, Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 28 Table 17: Daybreak Oil and Gas, Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 30 Table 18: Daybreak Oil and Gas, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 31 Table 19: Daybreak Oil and Gas, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 34 Table 20: Daybreak Oil and Gas, Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 35 Table 21: Daybreak Oil and Gas, Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 40 Table 22: Daybreak Oil and Gas, Inc., Revenue and Expenses, US$ mil, 2011-2015 41 Table 23: Daybreak Oil and Gas, Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 45 Table 24: Daybreak Oil and Gas, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 46 Table 25: Daybreak Oil and Gas, Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 50 Table 26: Daybreak Oil and Gas, Inc., Oil and Gas Performance Metrics, 2011-2015 51 Table 27: Daybreak Oil and Gas, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 52 Table 28: Daybreak Oil and Gas, Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 55 Table 29: Daybreak Oil and Gas, Inc., Producible Oil and Gas Wells, 2011-2015 56 Table 30: Daybreak Oil and Gas, Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 58 Table 31: Daybreak Oil and Gas, Inc., Exploratory and Developed Wells, 2011-2015 60 List of Figures Figure 1: Daybreak Oil and Gas, Inc., Share Price Performance, USD/Share, 2011-2015 8 Figure 2: Daybreak Oil and Gas, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 9 Figure 3: Daybreak Oil and Gas, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 10 Figure 4: Daybreak Oil and Gas, Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 12 Figure 5: Daybreak Oil and Gas, Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 12 Figure 6: Daybreak Oil and Gas, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 14 Figure 7: Daybreak Oil and Gas, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 15 Figure 8: Daybreak Oil and Gas, Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 16 Figure 9: Daybreak Oil and Gas, Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 16 Figure 10: Daybreak Oil and Gas, Inc., Crude Oil Reserve Changes, mmbbl, 2015 18 Figure 11: Daybreak Oil and Gas, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 19 Figure 12: Daybreak Oil and Gas, Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 20 Figure 13: Daybreak Oil and Gas, Inc., Gas Production, By Country/Region, bcf, 2011-2015 20 Figure 14: Daybreak Oil and Gas, Inc., Natural Gas Reserve Changes, bcf, 2015 22 Figure 15: Daybreak Oil and Gas, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 23 Figure 16: Daybreak Oil and Gas, Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 24 Figure 17: Daybreak Oil and Gas, Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 24 Figure 18: Daybreak Oil and Gas, Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 25 Figure 19: Daybreak Oil and Gas, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 26 Figure 20: Daybreak Oil and Gas, Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 27 Figure 21: Daybreak Oil and Gas, Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 27 Figure 22: Daybreak Oil and Gas, Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 29 Figure 23: Daybreak Oil and Gas, Inc., Exploration Costs, By Country/Region, US$ mil, 2011-2015 29 Figure 24: Daybreak Oil and Gas, Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 31 Figure 25: Daybreak Oil and Gas, Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 33 Figure 26: Daybreak Oil and Gas, Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 33 Figure 27: Daybreak Oil and Gas, Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 34 Figure 28: Daybreak Oil and Gas, Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 35 Figure 29: Daybreak Oil and Gas, Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 37 Figure 30: Daybreak Oil and Gas, Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 37 Figure 31: Daybreak Oil and Gas, Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 38 Figure 32: Daybreak Oil and Gas, Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 38 Figure 33: Daybreak Oil and Gas, Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 39 Figure 34: Daybreak Oil and Gas, Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 39 Figure 35: Daybreak Oil and Gas, Inc., Revenue and Expenses, US$ mil, 2011-2015 41 Figure 36: Daybreak Oil and Gas, Inc., Exploration Expenses, By Country/Region, US$ mil, 2011-2015 42 Figure 37: Daybreak Oil and Gas, Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 42 Figure 38: Daybreak Oil and Gas, Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 43 Figure 39: Daybreak Oil and Gas, Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 43 Figure 40: Daybreak Oil and Gas, Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 44 Figure 41: Daybreak Oil and Gas, Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 44 Figure 42: Daybreak Oil and Gas, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 46 Figure 43: Daybreak Oil and Gas, Inc., Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 47 Figure 44: Daybreak Oil and Gas, Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 47 Figure 45: Daybreak Oil and Gas, Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 48 Figure 46: Daybreak Oil and Gas, Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 48 Figure 47: Daybreak Oil and Gas, Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 49 Figure 48: Daybreak Oil and Gas, Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 49 Figure 49: Daybreak Oil and Gas, Inc., Oil and Gas Performance Metrics, 2011-2015 51 Figure 50: Daybreak Oil and Gas, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 52 Figure 51: Daybreak Oil and Gas, Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 53 Figure 52: Daybreak Oil and Gas, Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 53 Figure 53: Daybreak Oil and Gas, Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 54 Figure 54: Daybreak Oil and Gas, Inc., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 54 Figure 55: Daybreak Oil and Gas, Inc., Producible Oil and Gas Wells, 2011-2015 56 Figure 56: Daybreak Oil and Gas, Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 57 Figure 57: Daybreak Oil and Gas, Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 57 Figure 58: Daybreak Oil and Gas, Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 58 Figure 59: Daybreak Oil and Gas, Inc., Exploratory and Developed Wells, 2011-2015 59