705.24 Acres Industrial

Farm Description

FOR SALE BY OWNER IN CORE MARCELLUS GAS LAND

GATED, PRIVATE 705.24 /- ACRES OF INDUSTRIAL AND MINING LAND, WITH MINERAL AND TIMBER RESERVES, NO LOCAL ZONING, WITH 1.56 MILES OF ROAD FRONTAGE. LOCATED IN NORTHEASTERN PENNSYLVANIA, NORTHWEST WYOMING COUNTY, WINDHAM TOWNSHIP IN THE FORMER TOWN OF SCOTTSVILLE, PENNSYLVANIA (the "PROPERTY"). ADDITIONAL CONTIGUOUS PARCELS OF 119.92 AND 296.74 ACRES AVAILABLE. ALSO AVAILABLE GAS & OIL RIGHTS ON 1,406 ACRES WITH 3 LODS/DRILLING PADS OF 92.06, 18.10, AND 24.33 ACRES ON 1,406 ACRES WITH PROVEN UNDEVELOPED RESERVES ESTIMATED AT 200 +/- BCF EUR.

Highlights

Ideal for Energy Intensive Manufacturers, Industrial Park, Gas-Fired Power Plant, Gas-to-Liquids Processing Plant, or Petrochemical Complex in "core" Marcellus Shale Land. The Commonwealth of Pennsylvania may provide major incentives to bring industry there. See the billion in estimated tax breaks the state offered Shell Oil Company for its proposed gas “cracker” plant in Beaver County, PA, that will convert ethane into chemicals to make plastic products.

No Local Zoning; County Level Zoning Only. Unlimited Development Possibilities. 2 Miles from Proctor & Gamble's Mehoopany Paper Plant.

Potential for Mining Good Deposits of Pennsylvania Bluestone, plus Gravel, Shale, and Sand. Timber reserves. Working Farmland.

Low Cost, Locally Produced Shale Gas a Possibility From On-Site or Multiple Nearby Shale Gas Wells & Pipelines. Located near all major pipelines.

2 PJM Interconnection Points Available to the North across river for Power Plant Distribution.

8,214' of Road Frontage. Ability to subdivide into multiple Industrial Parcels. Abundant Groundwater. Low Taxes.

Abundant Groundwater Available from Subsurface and the Susquehanna River:

Abundant groundwater is available on the Property as well. Ground water withdrawal for irrigation and other purposes or direct withdrawal from the Susquehanna River (“the River”) is subject to rules and regulations of the Susquehanna River Basin Commission (SRBC).

History: Because the Property was assembled under the threat of eminent domain, it would be nearly impossible to duplicate it today. The Property encompasses part of the former farming village of Scottsville, Pennsylvania. It was acquired by a power company in the late 60's and early 70's for a nuclear power plant that was never built. Is presently undeveloped. All homes on the Property have been demolished.

Proctor & Gamble ("P&G") has a major facility less than two miles away that’s now “energy self sufficient” and P&G is or will be soon exporting natural gas via the Auburn Gathering System into the Tennessee Pipeline. Interstate 81 is 30 minutes to the east and can be reached from U.S. 6. Interstate 80 is 60 miles south and intersects I-81. There is a manufacturing resurgence in the United States based in part on inexpensive and abundant shale natural gas. In nearby Bradford County, REV LNG, Inc., has is seeking approval from the local planning commission to build a liquefied natural gas (LNG) producing facility in Herrick Township, PA.

The Property is in the Range Resources "Super-Rich" Core and the "Chesapeake Energy ('CHK') Core of the Core" and is in the heart of the three-county Northeast Pennsylvania Marcellus shale play consisting of Northwest Wyoming, Bradford and Susquehanna Counties. The acreage is in sweet spot of the Northeast Pennsylvania Marcellus, and will have abundant shale gas for industrial operations. In Chesapeake Energy's October 2013 investor presentation, they describe the area in Northwest Wyoming County as part of the "CHK Core of the Core" for Marcellus Shale Dry Gas (see attached map titled “Northern Marcellus”) and the Property is located in the Range Resources "Super-Rich" core (see red shaded areas in attached map titled "Gas in Place (GIP) - Marcellus Shale"). Most of the top 25 wells in Wyoming County are within a few miles of the Property and for their reported production as of February 2014 PA DEP data, see attached “Top 25 Wells in Wyom Cnty.”

Nearby Pipelines: Several major pipelines are nearby and multiple new pipelines and expansions of existing pipelines are being constructed to dramatically increase the takeaway capacity of the Northeastern Pennsylvania Core Marcellus. The Property is approximately two miles from the Auburn Gathering System to the East, approximately 6-7 miles from the Tennessee Pipeline to the North, approximately 30 miles from the Transco pipeline to the South, and approximately 10-12 miles from Williams Springville Gathering Line to the East. The newly proposed Williams Atlantic Sunrise Expansion pipeline will also travel through Wyoming County. The proposed PennEast Pipeline will travel from Luzerne County, to the South and East, and continue 100 miles into New Jersey with a takeaway capacity of nearly 1 BCF (Northeast Pennsylvania Business Journal, Oct 2014 "Proposed interstate natural-gas pipeline open season closed Aug. 29 with nearly 1 Bcf of committed capacity"). Multiple additional pipelines are under construction.

New Transmission Line to Serve Marcellus Shale Power Generation Plants: PP&L Electric Utilities, Inc's billion, 725 mile, 500 kV transmission line is designed to take electricity generated near Pennsylvania's booming shale gas region and deliver it to New York, New Jersey, and Maryland. Beyond the billions in initial construction costs, the project would enourage the building of more natural gas fired power plants, to replace coal-fired ones. PPL said the project would increase reliability during periods of peak power demand and save hundreds of millions of dollars for customers. PJM Interconnection of Audubon, Pennsylvania, which oversees wholesale electric demand for 61 million customers in a 13-state mid-Atlantic region, has said that the electric grid is "undergoing an extraordinary transformation as coal-fired plants retire.”

Survey: The Property has been surveyed as per ALTA/ACSM standards in 2004.

Farmlands: There are five farm fields which are leased to a local farmer on an annual basis for planting field corn. All leases terminate annually. There is another 50-100 acres that can be reverted back to working farmland and/or pasture land.

Wind and Solar: The Property has not been leased for wind and solar. BP has a wind farm located partially in Mehoopany Township (part of the Property is located in Mehoopany Township).

Fishing: Located a few hundred yards from the Susquehanna River rated one of the top 5 Smallmouth Bass Rivers in the U.S.A. The River also features great fishing for large Walleye, Catfish and Muskies.

Taxes: Taxes in 2014 on the parcel containing the 705.24 /- acres were <

Gas and Oil: Seller to retain all gas and oil rights. A deed restriction will prohibit above ground gas appurtenances.

Excellent hunting. Property is leased annually to large hunting clubs.

Any sale is subject to a mutually agreeable purchase and sale agreement drafted by Seller which shall not be legally binding unless and until fully executed and accepted in writing by both buyer and seller. Seller is under no obligation to continue any negotiations with a prospective buyer, and seller reserves the right to discontinue all negotiations at any time up to the point an agreement is fully executed and exchanged. Buyer may do likewise. Each party shall bear its respective costs incurred during the negotiation process and under no circumstances may seller be held liable as a consequence of its termination of negotiations prior to the execution and exchange of a mutually acceptable purchase and sale agreement.

The sales price is payable 100% in United States dollars. In Seller's sole discretion, Seller may require financial and other buyer prequalification plus a confidentiality agreement before releasing certain information.

Broker Protection Available.