Fund II Investments East Texas Oil & Gas East Texas Oil & Gas, LLC (“ETOG”) was formed to pursue oil and gas exploration and development in East Texas. ETOG is managed by a team with a combined 150 years of experience in the East Texas basin. The two main principals, Eddy Pearson and Ray Weaver, were previously key members of T-Bar-X Limited Company, where they were integral in building T-Bar-X from a small private company to a major player in the southwestern region of the East Texas basin. Quality Magnetite Quality Magnetite, LLC was formed to acquire the assets of Akers Magnetite, Inc. and Akers Supply, Inc., which are West Virginia magnetite distribution businesses based in Ceredo and Matewan, respectively. Quality Magnetite will serve over 60 coal preparation plants in Virginia, Kentucky, Ohio, and West Virginia. Magnetite is a form of iron ore that is used in cyclones in coal preparation plants to separate coal from ash. Primary customers include Massey, Arch, TECO, International Coal Group and CONSOL. The Company sold approximately 80,000 tons of magnetite in its first twelve months, with the total market size for domestic use of magnetite in coal preparation in the United States being approximately 270,000 tons per year. The Company has 27 employees, 20 tractor trailers, and two processing facilities located in Kenova, WV. The business model includes purchasing magnetite from an importer, storing it, drying it, and trucking it to the customer. Chase Power Development Chase Power Development, LLC (“Chase”) was formed to pursue electric power generation and related development projects primarily in Texas. Chase is managed by John Upchurch and Kathleen Smith, each a degreed engineer and who has worked in project development throughout his/her career while with large merchant energy corporations (most recently Duke Energy Generation Services, Inc.). Through its subsidiary, Las Brisas Energy Center, LLC (“Las Brisas”), Chase has filed an air permit application with the Texas Commission on Environmental Quality (“TCEQ”) for a 1200 megawatt capacity solid-fuel fired power generation facility located on land owned by the Port of Corpus Christi Authority. Las Brisas will utilize circulating fluidized bed boiler technology, which when combined with certain emission controls technologies is considered by the EPA as ‘best available controls technology’. The primary feedstock will be petroleum coke, a by-product of crude oil refineries that is typically shipped globally to cement kilns and other industrial burners utilizing little or no emission controls. Las Brisas will provide base-load power to off-takers locally as well as in the growing regions of central and south Texas. Chase and Quintana have attracted a qualified team of external experts to assist Las Brisas in its development efforts, including legal counsel and RPS JDC for air permit application, and Bechtel Power Corporation for engineering, procurement and construction, among others. Genesis Energy LP Genesis Energy, L.P. (AMEX: “GEL”) is a diversified midstream energy MLP engaged in four business segments. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil and, to a lesser extent, natural gas and carbon dioxide. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations, principally located in Texas, Louisiana and Arkansas. The Supply and Logistics Division is engaged in the transportation, storage and supply of energy products, including crude oil and refined products. The Industrial Gases Division produces and supplies industrial gases such as carbon dioxide and syngas. GEL’s operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama and Florida. Substantially all revenues are derived from services provided to integrated oil companies, large independent oil and gas or refinery companies, and large industrial and commercial enterprises. Quintana E&P Argentina Based in Buenos Aires, Argentina, Quintana E&P Argentina (“QEPA”) is comprised of a team of five individuals with a combined 84 years of experience in the oil and gas industry of Argentina. QEPA was formed to pursue oil and gas exploration and development within the San Jorge, Neuquén, and Cuyo basins in Argentina. Led by CEO, Jose Ronchino, the principals of QEPA were key management team members of Petro Andina Resources, Inc. (“Petro Andina”), a publically traded Canadian E&P company with operations in Columbia, Trinidad & Tobago, and Argentina. While at Petro Andina, the QEPA principals were responsible for the discovery and development of the largest oil discovery in Argentina in 18 years and played an integral role in building Petro Andina from a small private company with seed capital of C$10.3mm to a legitimate, publically traded player with a market capitalization of C$545mm. In November 2009, Petro Andina completed the sale of their business to Pluspetrol for C$545mm. Completion Industrial Minerals LLC Completion Industrial Minerals, LLC (“CIM”) is a developmental project to construct, own and operate a 500,000 ton/year frac sand processing plant in Marshfield, WI. The initial plant capacity will be 350,000 tons/year with an expansion to 500,000 tons/year planned by year two. The site and facility can ultimately be expanded to 1,000,000 ton/year if market conditions warrant. The plant will produce Ottawa White frac sand focused on the most common sieve sizes used in the oil and gas service industry; specifically 20/40 and 40/70 mesh sizes. Approximately 47 million tons of raw feedstock sand with an estimated 36% product yield (~33 year reserve life) has been contracted at multiple locations within a 15 mile radius of the plant site. CIM has also signed off-take agreements with key market participants for approximately 80% of the plant’s 2011 capacity. Fund I Investments AmerCable Incorporated AmerCable Incorporated develops, manufactures and sells highly-engineered, jacketed electrical cable products, cable assemblies and customer-driven solutions for power, instrumentation and control applications for use in severe operating environments. AmerCable holds leading market positions in its targeted North American niche markets, which include marine and offshore drilling for oil and gas exploration and production, as well as underground and surface mining. AmerCable has 370 employees and is headquartered in El Dorado, Arkansas. Consolidated Oil Well Services LLC Q Consolidated Oil Well Services, LLC (“COWS”) is a pressure pumping service provider offering cementing, fracturing, acidizing and water hauling services in the Cherokee, Forest City and Powder River Basins. With a fleet of 140 trucks/tractors, 64 trailers, and 48 pick-up trucks, COWS provides services to roughly 500 customers, including Yates Petroleum, Newfield and a number of smaller exploration and production companies. COWS employs approximately 175 employees in 9 field offices: Bartlesville, OK, Cushing, OK, Oakley, KS, El Dorado, KS, Ottawa, KS, Eureka, KS, Thayer, KS, Gillette, WY and Worland, WY. Cypress E&P Corporation Eaglewood Drilling Program Cypress E&P Corporation is an oil and gas exploration and production company formed in 1984 by two principals, Robert W. Beardsley and Larry E. Cochran. Both began their careers with Shell Oil Company and have more than 30 years experience in engineering and exploration disciplines. Cypress currently is generating and drilling prospects primarily in the deep, highly pressured Wilcox trend of the Texas Gulf Coast. These wells are in the 10,000' to 17,500' depth range and are targeting 3D, AVO, and velocitybased prospects. QEP is involved as a 10% working interest owner in the Eaglewood Area Participation Agreement, which includes 700 square miles of land in both Fort Bend and Wharton Counties, Texas covered by 3D seismic surveys acquired from Seitel. Under the Eaglewood Agreement, Cypress and its partners plan to utilize this 3D data set to identify and drill exploration prospects within the Eaglewood Project Area targeting the Wilcox, Cook Mountain, and Yegua formations. Directional Drilling LLC Q Directional Drilling, LLC (“DDC”) offers a complete package of premium drilling services, including directional, horizontal, under-balanced drilling, measurement-while-drilling, gyroscope, survey and wireline services to large and mid-size independent oil and gas producers. DDC provides other services, including directional drilling tool configuration, well site directional drilling supervision and guidance, new well and reentry drilling, steerable drilling and logging-while-drilling services. DDC is headquartered in Willis, Texas with sales and/or service facilities in Midland, Texas, Casper, Wyoming and Denver, Colorado. Deep Gulf Energy LP Deep Gulf Energy, L.P. (“DGE”) is a deepwater, Gulf of Mexico, oil and gas exploration and production company. DGE’s strategy is to acquire, operate and develop small, stranded, previously-discovered but undeveloped deepwater fields that are viewed by the major oil companies (typically) as non-core assets because of their size and/or distance to host production facilities. Deep Gulf Energy II LLC Deep Gulf Energy II, LLC (“DGE II”) is a deepwater Gulf of Mexico, oil and gas exploration and production company. DGE II’s strategy consists of spending two-thirds of its efforts to acquire, operate and develop small, stranded deepwater fields that had previously been discovered but not developed by major oil companies and which, because of the size of the fields and/or the proximity to their production facilities, are viewed as non-core assets. DGE II will spend the remaining third of its efforts exploring for oil and gas in previously unexplored portions of the deepwater Gulf of Mexico. Texas Energy Future Co-Invest LP Energy Future Holdings Corp. (“EFH”) is a Dallas-based energy holding company, with a portfolio of competitive and regulated energy subsidiaries, primarily in Texas, including TXU Energy, Luminant and Oncor. TXU Energy is a competitive retailer that provides electricity and related services to more than 2 million electricity customers in Texas. Luminant is a competitive power generation business, including mining, wholesale marketing and trading, construction and development operations. Luminant has 17,500 MW of generation in Texas, including 2,300 MW of nuclear and 7,200 MW fueled by coal. An additional 800 MW of coal-fueled generation capacity is under construction and is expected to begin commercial operation in 2010. Luminant is also the largest purchaser of wind-generated electricity in Texas and fifth largest in the United States. Oncor is a regulated electric distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor operates the largest distribution and transmission system in Texas, providing power to more than three million electric delivery points over more than 102,000 miles of distribution and 15,000 miles of transmission lines. While Oncor is a subsidiary of EFH Corp., Oncor reports to a separate and independent board. Falcon VPP LP Falcon VPP, L.P. is an entity that owns a volumetric production payment (“VPP”) conveyed in the form of a limited term overriding royalty covering 71.2 Bcfe of reserves owned by Chesapeake Energy Corp. (“Chesapeake” or “CHK”) located in Zapata, Webb and Hidalgo counties in South Texas. The 71.2 Bcfe VPP volumes will be delivered over a 7.5 year period and are underpinned by 210 Bcfe of PDP, PDNP and PBP reserves underlying the leases and wells to be burdened by the overriding royalty interest. The VPP assets include interests in approximately 825 wells which are spread across approximately 1,500 square miles. The wells are producing from gas-weighted conventional formations and represent the majority of Chesapeake’s interests in the region. Integrated Downhole Solutions LLC Integrated Downhole Solutions, LLC (“IDS”) was formed to meet the increasing demand of mud motor rental needs of directional and performance drilling companies. IDS will provide all service and repair work for the motors. The mud motors are being built using bearing sections from Ashmin (under a new license) and power sections from Weatherford and Dyna-Drill. IDS has utilized Q Directional Drilling, LLC (DDC) for initial back-office functions to minimize overhead and reduce start-up expenses prior to building out a complete staff of employees. Customers for the mud motor rentals include independent drilling service providers such as Professional Directional, Sharewell, Crescent, Downhole Drilling Services, and DDC. At the onset, it was estimated that 100% of IDS’s customers will be directional drillers, with a target of 75% directional drilling and 25% performance drilling going forward. Currently, IDS has approximately 90 motors in its fleet. Irion Minerals LLC Irion Minerals is an early stage upstream oil and gas investment. The project, which is located 90 miles southeast of Midland, TX, includes prospective acreage surrounding existing Wolfcamp formation production. The opportunity is focused on a conventional resource play covering approximately 15,000 acres in Irion County, Texas. The Prospect lies within the Permian Basin of West Texas and is targeting the Wolfcamp Formation at around 6,800 – 7,000 feet of depth as the primary objective. Kopper Glo Fuel Inc. Kopper Glo Fuel, Inc. is a Central Appalachian surface mining operation located near Knoxville, Tennessee that produces high quality steam coal. Kopper Glo currently sells about 650,000 tons of low sulfur, high btu coal annually and has a sales contract in place with a major utility with 4 years remaining. Approximately half of the coal produced comes from a contract miner, with the remaining half coming from company-managed equipment and personnel. Management estimates coal reserves on the property to be over 16 million tons. MWD Services LLC MWD Services, LLC (“MWD”), based in Lafayette, Louisiana, is an independent provider of measurement-while-drilling services to the directional drilling market. MWD currently has a fleet of 26 retrievable MWD tool systems and is servicing the directional drilling markets in Louisiana and North Texas (Barnett Shale). MWD’s tools are utilized by directional drillers to track the compass direction, inclination (measured in degrees from vertical) and gamma ray response of the formation down hole. This information allows the directional driller to know the current location and direction of the drill bit while drilling directional or horizontal wells, as well as provides information about the lithology of the formation being drilled. Prize Petroleum LLC Prize Petroleum, LLC consists of oil and gas related assets in East Texas, North Louisiana, and Michigan. Daily production is approximately 1,150 boe, comprised of ~93% oil. The assets are characterized by stable, shallow decline production (projected decline of 2.9% in 2009) and are 100% operated by Prize. The combined original oil in place for the three fields is approximately 459 million barrels (198 million barrels of which is estimated to be recoverable) and the cumulative production to date has been approximately 180 million barrels. The assets include 140 producing wells across 12,000 net acres. The producing reserves have a reserve life of 26 years, and the total proved reserves have an estimated reserve life of 34 years. In 2010, the Company replaced the existing management team to change the strategic direction of the Company with a team comprised primarily of Redman Resources employees and Redman endorsed hires QEP believes that Redman Resources has the experience and track record to maximize the value imbedded in Prize’s existing asset base, as well as provide for accretive growth through a focused, acquisition-oriented business development program. Quintana WellPro S.A. Quintana WellPro (“QWP”) is a workover/drilling services company focused on the Argentine oil and gas market. QWP was formed by QMC and Tom Murphy. As a contract drilling and well service business, QWP provides rigs and crews to exploration and production companies so they can drill and complete an oil or natural gas well. One of QWP’s affiliates, International Petroleum Equipment (“IPE”), primarily owns and leases rig parts to QWP. Another of QWP’s affiliate companies, Transportes Aguila (“TA”), provides trucking services to drilling/workover rigs throughout Argentina and South America. IPE and TA were also formed by QMC and Murphy. QWP, IPE and TA are collectively referred to as the “Company”. Stone Mountain Resources Ltd. Stone Mountain Resources, Ltd (“SMR”) is a privately held exploration and production company formed by QMC and First Reserve Corporation in January 2005. SMR was formed to support Harvey Klingensmith, an experienced and well-regarded exploration and production executive, and a team of technical professionals in actively pursuing Canadian exploration and production opportunities. Taggart Global LLC Taggart Global, LLC specializes in the design, engineering, construction and operation of coal preparation plants and material handling systems worldwide. Taggart manages and provides the majority of its services from its offices in Pittsburgh, Pennsylvania, Johannesburg, South Africa, and Beijing, China. Taggart currently has operations in North America (74%), China (13%), South Africa (11%) and other (2%), and has operated in the past in Russia, Brazil, and Trinidad. Taggart’s core business is engineering and construction; future growth is predicated on Taggart’s plant operations initiative and international expansion. The operations initiative involves building and operating coal preparation plants and emissions reduction systems at coal-fired utilities. Taggart currently has 400 employees on payroll and approximately 380 leased employees. Talen’s Marine & Fuel LLC Talen’s Marine & Fuel, LLC is a domestic fuel supplier, with eight leased and owned marine docks strategically located along the Gulf Coast and Intracoastal Waterway. Talen’s utilizes 14 fuel barges, 13 tug boats, 24 trucks, and one bulk plant facility to provide customers with refined products (primarily diesel, but also jet fuel and gasoline), lubricants, specialty chemicals, and other ancillary services (trash hauling, fresh water, food and beverage and personnel staging for offshore work, among others). A typical dock facility will include fuel and lube storage and distribution capability (dockside and via truck rack); several trucks to service local land-based demand; one or two small barges for “midstreaming” (providing fueling services to ships on the water); and infrastructure at the dock to handle the dockside fueling, lubricant, water, and trash needs of OSVs (Offshore Service Vessels) servicing the Gulf of Mexico. Team CO2 LLC Team CO2, LLC provides onsite carbon dioxide fracturing and stimulation treatments to oil and gas operators. The Company was formed by Randy Decker, Mike Hyman, and John Ridge in April 2001 to provide a superior well stimulation treatment for exploration and production producers. The Company is headquartered in the heart of the Permian Basin in Midland, Texas, and services an area with a radius of approximately 250 miles.