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Forestar Group
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June 2012 Investor Presentation
| Jim DeCosmo | Page 22 of 11 |
November 21, 2024
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"June 2012 Investor Presentation"
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Acquisition Provides Meaningful Scale and Solid Platform For Future Growth and Additional Investment Acquisition Provides Meaningful Ownership in Strategic Oil and Gas Basins Combined Mineral Interests MarketNetAcres*Texas256,000 Georgia156,000 Louisiana144,000 Kansas 43,000 Nebraska41,000 Alabama40,000 Oklahoma17,000 NorthDakota6,000 Other**16,000 Total719,000*Note: As of first quarter 2012; includes both fee and leasehold interests**Includes approximately 8,000 net mineral acres located in various states related to overriding royalty interests22