Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          11-200-16-01  04-1SS254                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  75%           0%                             
04-SON-1-17.9                    Federal Project:                                       
04-SON-1-17.9/17.9                                     NONE                             
                                                                                        
                                                                                        
Progress payment No. 02            Payment period ending: 07-20-11                      
PACIFIC COAST DRILLING                                                                  
364 BELLEVUE AVENUE                                                                     
SANTA ROSA, CA  95407                                                                   
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.                                                         
2.a. Extra Work                         809,606.08      150,697.23                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          809,606.08      150,697.23                      
5. Mobilization                                                                         
6. Total Work Completed      809,606.08                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              809,606.08      150,697.23                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             150,697.23