Sand Acquisition Holdings

Thoroughbred controls approximately 1,100 acres of sand reserves in central Colorado. The acres are believed to contain approximately 100 million tons of sand, of which over 60 million tons are expected to be frac sand quality. Thoroughbred also controls the mining permits associated with the property. Thoroughbred is actively developing this site to address the rising demand for proppant in the Rocky Mountain region. This operation will provide sand at one of the lowest costs to the wellhead in the DJ Basin given our low production costs and significant transportation advantage (no rail or transloading required).