Oasis Irrigated Farms 2,811 Acres

PROPERTY OVERVIEW

Oasis Irrigated Farms 2,811 Acres

AREA: Sherman County, NE of Stratford, TX

LOCATION: From Stratford, drive east on Highway 15 for 13 miles to FM 119. Turn left and drive north 4 miles to Co. Rd. I. Turn left and drive 1 mile to the east boundary of the farm.

TOTAL ACRES: Approximately 2,811 Acres

TOTAL WET ACRES: Approximately 2,314 Acres

% WET ACRES TO TOTAL ACRES: 82.3 %

IRRIGATION WELLS: 25 Wells

TOTAL GPM: 5,250 GPM +/-

GPM/WET ACRE: 2.27 GPM

AVE GPM/WELL: 210 GPM

IMPROVEMENTS:

• 3- 400 Acre Valley Sprinklers
• 9- 1⁄4 Mile Valley Sprinklers
• 25- Irrigation Wells
• 8- CAT Gensets
• 13- Submersible Pumps
• 11- Electric Motors with Hollowshaft Turbine Pumps
• 1- Chevy 454 with Turbine Pump, Gearhead
• 2- Barns
• 9.33 Miles of Underground Water Lines
• Barbed Wire Fencing Along the Outer Boundaries of the Property

WATER RIGHTS: Seller will reserve the south 582 +/- acres of grass. The water rights for the south 582 +/- acres of grass will convey with the farm. Seller will reserve the right to drill a domestic well/ wells but the Buyer will own the water rights and will be able to drill additional irrigation wells in the grass.

LEASEBACK: Seller is interested in leasing back the farm for a negotiated lease rate.

PRICE: $10,000,000