White Star Petroleum Credit Agreement

White Star Petroleum, LLC announced that it has acquired approximately 30,500 net hectares in the Mid-Continent area in two transactions with Double Eagle Energy Oklahoma, LLC and the shareholders of Lighthouse Oil and Gas LP. In addition, the company announced that it had entered into a final agreement for the acquisition of 18,500 net acres in Central Northern Oklahoma from Sundance Energy, Inc. OKLAHOMA CITY, March 21, 2017 /PRNewswire/ — White Star Petroleum, LLC (“White Star” or the company) announced today that it has acquired approximately 30,500 hectares of net acres in the Mid-Continent region in two transactions with Double Eagle Energy Oklahoma, LLC and the shareholders of Lighthouse Oil and Gas LP. In addition, the company announced that it had signed a definitive agreement to acquire 18,500 net acres from Central Northern Oklahoma of Sundance Energy, Inc. (ASX:SEA) (Nasdaq: SNDE). Net production from announced operations averaged 2,530 barrels of oil equivalent (“BOE”) per day in the second half of 2016. The area of these three transactions is mainly in Dewey, Garfield, Logan, Noble and Payne Counties in Oklahoma, most of which are held by the production. The company also announced today that there was a change (the “change”) to its credit contract by and under the company, JPMorgan Chase Bank, N.A., as an administrative agent, by which two additional banks were added to the banking group, and the credit base under the credit agreement increased to $145 million. The acquisition was financed by the net proceeds of the previously announced private placement of Common Shares and Series B bonds under the credit agreement. White Star also announced that it had modified its first reserve-based revolving credit facility to increase the credit base from $230 million to $285 million, including commitments from an expanded group of lenders. Approximately 35% of Contango`s equity is owned by John C. Goff and related companies, including the latest investment of approximately $25 million in the company`s latest share offering. Derek C.

Abbott Gregory W. Werkheiser Tamara K. Mann Joseph C. Barsalona, II Morris, Nichols, Arsht – Tunnell LLP 1201 N. Market Street, 16th Floor P.O. Box 1347 Wilmington, DE 19899-1347 T: (302) 658-9200 F: (302) 658-3989 http://www.mnat.com Haynes and Boone, LLP represents Contango in the acquisition of White Star`s assets. Confirmation Audience Serene Supplemental Hearing Notice Agenda White Star Petroleum, LLC announced that it has sold its interest in a midstream collection system and related assets to 4 AM Midstream, LLC, a midstream company founded in 2017 and based in Oklahoma City. The facility is located in Logan, Noble and Payne counties in the Mid-Continent region of Oklahoma, and includes 253 miles of gassammel pipelines, including 26 miles of high-pressure lines and 214 miles of crude oil pipelines. . About White Star Petroleum, LLC White Star Petroleum, LLC is an independent oil and gas company focused on the acquisition, development, operation and production of unconventional oil and natural gas properties on the middle continent of Oklahoma.

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