Peak Resources LP ^{Filed, US Offering, NYSE American: PRB}

We are an independent limited partnership that was recently formed to hold investments in oil and natural gas businesses and assets owned by certain investment partnerships managed by Yorktown, management and other investors who are not affiliated with Yorktown or management. The historical financial statements of Peak Resources LP are not included in this registration statement because it does not currently have any assets or liabilities. We conduct our operating activities in Wyoming. We believe the reservoir quality and stacked pay potential of the Powder River Basin is similar to that of the Permian Basin, with an approximate 4,000-foot gross column, high oil content and significant over-pressure, with multiple productive horizons as deep as 13,500 feet. In addition, the geographic location of the Powder River Basin provides us with attractive realized pricing and operating leverage due to its proximity to end markets, installed infrastructure with ample capacity for growth, access to in-basin service providers and what we view as a favorable regulatory climate in the State of Wyoming for hydrocarbon development operations. Further we expect that with increased basin-wide activity, our production costs will decrease on a per Boe basis while maintaining realized pricing due to ample takeaway and a geographical advantage.