SK VI NEW WAVERLY FIELD ( DRAFT)

SK Oil & Gas Partners VI , LLC has over the last two and a half years assembled over four thousand acres

that make up the New Waverly Field. Over two hundred different mineral owners make up this field, and each

owner's lease had to be individually negotiated. The process involved dozens of land men in the field to accomplish

this task. Once the area had been leased, all the existing seismic information was purchased, and reprocessed with today's

most advanced technical procedures. This information along with the data from existing wells the field

have allowed our geologists and engineers to map out our Wilcox Wells locations.

Our business strategy is to first develop the initial fault block drilled and tested by Cities Services. A total of three wells

will need to be drilled to capture the estimated 18 billion cubic feet of gas. ( gross revenue -- $72 million over life of the wells)

The average Wilcox Wells in this area net around $400,000 per month per well). Cash flow from these initial wells will be used

to develop the two additional fault blocks. Six to seven additional wells should drain most of the remaining reserves estimated

to be in excess of 30 billion cubic feet. ( gross revenue--- $120 million)

SK VI has been set up as a limited partnership to develop this field, and is capitalized at $10 million. Seven million dollars has

already been deployed, and the final three million in capital to close out he partnership is expected in January. Reinvesting

the lion share of the revenue from the initial wells allows us to develop the entire field with far less capital than would other wise

be needed, and without the need of additional capital calls from our partners. The reinvestment compounds the rate of return

as well.

Distributions are made monthly at an initial rate of 1% per month. As cash flow increases to the point its exceeds the monthly

drilling budget, those surplus funds are added to the monthly distributions. Those distributions continue to increase as more

wells are drilled, while still generating enough cash flow to fund the development of the field with out additional outside capital.

Our financial goal is to return 100% of the capital invested in 36 months. Distributions to our limited partners are split 80/20 ( limited
partners receive 80% of all revenue distributed until 100% of their capital invested is returned). Thereafter revenues are split on a 50/50 basis.

If I could summarize what our company does, is manage oil and gas assets. Our number one criteria for investing in any field starts with
existing production, and proven reserves. We are not in the exploration business. We are in the business of developing and expanding an existing
field where oil and gas has already been discovered. Developmental drilling offers very good returns with very low risk, and cash flows lasting
twenty, even thirty years after the initial investment has been returned in full.