Energy Prospectus

Record Production Totaling 135,700 Boe per Day for Second Quarter 2013, an Increase of 12% Sequentially and 43% Compared to Second Quarter 2012
Adjusted Net Income for Second Quarter 2013 of $246 Million, or $1.33 per Diluted Share (my forecast was $1.14 EPS).

What CLR is developing in southern Oklahoma adds another area of significant growth. You don't hear much about this play because CLR hold most of the prime acreage. - dan

Continental continues to experience excellent repeatable results from its drilling activity in the SCOOP. The play, discovered by Continental and disclosed in October 2012, currently extends approximately 80 miles across Grady, Stephens, McClain and Carter counties in Oklahoma and contains an oil and condensate-rich window. To date, more than 90 gross wells in the area have de-risked the productive footprint for more than 40 miles. Continental is the largest producer, most active operator and largest leaseholder with approximately 277,000 net acres in the play. In second quarter 2013, SCOOP net production averaged approximately 17,550 Boe per day, an increase of 23% sequentially and 435% above second quarter 2012. The recent growth was driven by the addition of eight net (14 gross) operated and non-operated wells in the play during the second quarter 2013.

In the condensate window, initial one-day tests averaged approximately 1,490 Boe per day, which included 29% oil for wells completed during second quarter 2013. Completed second quarter 2013 wells in the oil window averaged approximately 1,460 Boe per day, which included 55% oil. Continental completed its first cross-unit extended lateral at the Singer 1-18-7XH well in Grady County to enhance productivity from one surface location. The well was drilled to a total measured depth of 25,105 feet, with the lateral portion 9,377 feet. This extended lateral is an additional 4,877 feet longer than the standard 4,500 feet of lateral with traditional 640-acre spacing. Initial expectations for cross-unit wells could double production and proved reserves with only an incremental increase of 55% to 60% in cost.

Select Continental-operated SCOOP wells completed in second quarter 2013 include:
•The Vanarkel 1-15H well in Stephens County produced 2,045 Boe per day (44% oil) in its initial one-day test period;
•The Singer 1-18-7XH well in Grady County produced 1,915 Boe per day (37% oil) in its initial one-day test period; and
•The Dicksion 1-21H well in Grady County produced 1,590 Boe per day (45% oil) in its initial one-day test period.

The Company is currently operating 10 rigs in the play with plans to increase to 12 by the end of third quarter 2013. The Company plans to complete a total of 55 net (115 gross) wells in the SCOOP play in 2013, including both operated and non-operated wells. These wells will focus on expanding the proved productive extent of the play and de-risking the Company's leasehold.