Stone Energy Corp.

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Stone Energy Corp. of Lafayette, La. was reported in September, 2008 to have drilled one well in the Deleware River Basin. The company is expecting to fracture its well in the forth quarter of 2008.

In November, 2008 it was reported Stone had the one and only well drilled so far in Wayne County, Pennsylvania, although both Chesapeake Energy and Cabot Oil and Gas Corp. have also been very active leasing drilling rights in the that county. It is unknown whether this is the same well referred to in September above as this report came from a different source.

A January, 2009 report from yet another source indicated that Stone had drilled a well on the Matoushek property in Wayne County which had been capped in June, 2008. It is also unknown whether this one is the same as the above mentioned one.

In February, 2009 the company announced that in 2008 it had drilled two Marcellus shale wells in which it owns a 50% interest. The combined production from both wells is just over 500 Mcf/d. According to the same report, its net acreage position is 30,000 net acres, and the company will drill up to six Marcellus wells during 2009. Most of the company's activity will be in West Virginia. Some drilling is also planned for Pennsylvania.

Kenneth H. Beer is Stone's chief financial officer.