Table of Contents Table of Contents 2 List of Tables 3 List of Figures 4 Company Snapshot 5 Key Information 5 Company Overview 5 Altex Industries Inc., Valuation and Financial Data, 2011-2015 6 Altex Industries Inc., Share Price Performance, 2011-2015 6 Share Price Performance, 2011-2015 6 Key Valuation Metrics, 2011-2015 7 Altex Industries Inc., Production and Reserves Trends 8 Total Oil and Gas, Reserves and Production 8 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 8 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 9 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 10 Crude Oil/Liquids Production and Reserve 11 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 11 Crude Oil Production and Reserves By Country/Region, 2011-2015 12 Crude Oil/Liquids Reserve Changes, 2011-2015 13 Natural Gas Production and Reserve 14 Natural Gas Production and Reserves, By Country/Region, 2011-2015 14 Total Crude Oil and Natural Gas Reserves Life Index 15 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 15 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 16 Altex Industries Inc., Reserve Replacement Ratio 18 Oil and Gas Production Replacement Ratio 18 Oil and Gas Production Replacement Ratio, 2011-2015 18 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 20 Altex Industries Inc., Results of Oil & Gas Operations Trend 24 Oil and Gas Revenue and Expenses 24 Oil and Gas Revenue and Expenses, 2011-2015 24 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 25 Oil and Gas Revenue and Expenses, Per boe 29 Oil and Gas Revenue and Expenses, By boe, 2011-2015 29 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 30 Oil and Gas Performance Metrics 33 Altex Industries Inc., Land Holdings and Well Data 34 Developed and Undeveloped Acreage 34 Gross and Net Developed and Undeveloped Acreage, 2011-2015 34 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 35 Well Statistics 37 Producible Oil and Gas Well, 2011-2015 37 Producible Oil and Gas Well, By Country/Region, 2011-2015 38 Appendix 41 Methodology 41 Coverage 41 Secondary Research 41 Primary Research 41 Data Information Sources 42 Company Source 42 SEC/Other Regulatory Filings 42 Other Sources 42 Expert Panel Validation 42 Data Definition 42 Oil and Gas Reserves 42 Units of Measure 43 About GlobalData 43 Disclosure 43 Disclaimer 43

List of Tables Table 1: Altex Industries Inc., Key Facts 5 Table 2: Altex Industries Inc., Share Price Performance, 2011-2015 6 Table 3: Altex Industries Inc., Key Valuation Metrics, 2011-2015 7 Table 4: Altex Industries Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 8 Table 5: Altex Industries Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 9 Table 6: Altex Industries Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 10 Table 7: Altex Industries Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 11 Table 8: Altex Industries Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 12 Table 9: Altex Industries Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 13 Table 10: Altex Industries Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 14 Table 11: Altex Industries Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 15 Table 12: Altex Industries Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 17 Table 13: Altex Industries Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 19 Table 14: Altex Industries Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 23 Table 15: Altex Industries Inc., Revenue and Expenses, US$ mil, 2011-2015 24 Table 16: Altex Industries Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 28 Table 17: Altex Industries Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 29 Table 18: Altex Industries Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 32 Table 19: Altex Industries Inc., Oil and Gas Performance Metrics, 2011-2015 33 Table 20: Altex Industries Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 34 Table 21: Altex Industries Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 36 Table 22: Altex Industries Inc., Producible Oil and Gas Wells, 2011-2015 37 Table 23: Altex Industries Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 40 List of Figures Figure 1: Altex Industries Inc., Share Price Performance, USD/Share, 2011-2015 6 Figure 2: Altex Industries Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 7 Figure 3: Altex Industries Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 8 Figure 4: Altex Industries Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 9 Figure 5: Altex Industries Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 10 Figure 6: Altex Industries Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 11 Figure 7: Altex Industries Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 12 Figure 8: Altex Industries Inc., Crude Oil Reserve Changes, mmbbl, 2015 13 Figure 9: Altex Industries Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 15 Figure 10: Altex Industries Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 16 Figure 11: Altex Industries Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 16 Figure 12: Altex Industries Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 18 Figure 13: Altex Industries Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 20 Figure 14: Altex Industries Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 20 Figure 15: Altex Industries Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 21 Figure 16: Altex Industries Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 21 Figure 17: Altex Industries Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 22 Figure 18: Altex Industries Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 22 Figure 19: Altex Industries Inc., Revenue and Expenses, US$ mil, 2011-2015 24 Figure 20: Altex Industries Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 25 Figure 21: Altex Industries Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 25 Figure 22: Altex Industries Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 26 Figure 23: Altex Industries Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 26 Figure 24: Altex Industries Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 27 Figure 25: Altex Industries Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 27 Figure 26: Altex Industries Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 29 Figure 27: Altex Industries Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 30 Figure 28: Altex Industries Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 30 Figure 29: Altex Industries Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 31 Figure 30: Altex Industries Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 31 Figure 31: Altex Industries Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 32 Figure 32: Altex Industries Inc., Oil and Gas Performance Metrics, 2011-2015 33 Figure 33: Altex Industries Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 34 Figure 34: Altex Industries Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 35 Figure 35: Altex Industries Inc., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 35 Figure 36: Altex Industries Inc., Producible Oil and Gas Wells, 2011-2015 37 Figure 37: Altex Industries Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 38 Figure 38: Altex Industries Inc., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 38 Figure 39: Altex Industries Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 39 Figure 40: Altex Industries Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 39 Figure 41: Altex Industries Inc., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 40