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Hunter Oil Corp. is a Houston-based oil and gas exploration, development and production company with current operations in the State of New Mexico. The Company is led by an experienced acquisition and development team which has acquired significant oil properties in the Permian Basin, which present long-term development potential.

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STATEMENT OF RESERVE DATA AND OTHER OIL & GAS INFORMATION - FORM 51-101F1

Report of the oil and natural gas reserves and net present values of future net revenue, dated December 31, 2016.

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CAWLEY, GILLESPIE & ASSOCIATES - INDEPENDENT RESERVES EVALUATION

CG&A estimates of total proved, probable and possible reserves and forecasts of economics attributable to the Hunter Oil Corp. interests in Chaveroo and Milnesand oil fields based in New Mexico, dated December 31, 2016.

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