Fabyan

Sumerian Oil & Gas holds a dominant land position at Fabyan, with a nearly 100% working interest across approximately 120 sections. The area includes extensive legacy development in the Viking Formation, with additional upside in the Sparky, Colony, and Upper Mannville zones.

Fabyan is historically a shallow natural gas and light oil play, with stacked-pay potential across multiple zones.
Engineering work highlights strong upside tied to:

• Re-activating the Sparky/Colony wells, which are capable of meaningful, stable production once returned to service
• Low-risk multilateral drilling opportunities in the Viking and Mannville intervals
• Large contiguous land positions ideal for systematic horizontal development programs
   

While current production at Fabyan is shut-in, the lands present a clear opportunity for scalable reactivation and redevelopment, including:

• A structured restart of key wellbores
• Step-out and infill horizontal drilling
• Strategic recompletions across stacked reservoirs
   

Sumerian’s internal development scenarios point to the field’s ability to support material production growth with a disciplined capital program.

Sumerian controls the majority of the pipeline infrastructure required to support both oil and natural gas development across Fabyan.
This infrastructure is a strategic advantage that allows:

• Immediate tie-in of reactivated or newly drilled wells
• Low-cost movement of associated natural gas
• Optionality for future liquids handling and optimization projects

A third-party gas handling agreement is in place to support future gas volumes.

Fabyan is uniquely suited for future power-generation or Bitcoin/AI compute development due to:

• Abundant shallow natural gas potential 
• Large contiguous land base 
• Ability to control gathering lines and infrastructure 
• Low surface impact and strong physical separation
   

This positions Fabyan as a natural location for modular, behind-the-fence energy-to-compute projects similar to Sumerian’s emerging operations elsewhere.

With a combination of land scale, stacked-pay geology, infrastructure control, and emerging reactivation potential, Fabyan stands as a core medium-term growth asset in Sumerian’s portfolio. The field is expected to support material production uplift once the reactivation and multi-zone development program is initiated.