Pegasi Energy Resources Corporation
Pegasi Energy Resources — Investor Presentation (June 2015)
13 slides from Pegasi Energy Resources's investor presentation, Jun 23, 2015
Slide 1: Pegasi Energy Resources Corporation
PEGASI ENERGY RESOURCES CORPORATION Re-development of the Rodessa Oil Field of East Texas Investor Relations Presentation - June 2015
Slide 2: Legal Disclaimers
Legal Disclaimers = pod The Secuitivs and Exchange Commission (SEC) requires ol and gas companies. in their flings with the SEC. to disclose proved reserves which are those ‘quantities of oil and gas, which, by analysis of geological, geophysical and engineering data, can be estimated with reasonabl
Slide 3: Our Mission
Our Mission Our mission is to employ modern drilling and completion techniques to redevelop proven reservoirs in a mature field. Weare exclusively focused on a single oil field that has been relatively neglected by our bigger competitors and have developed a proprietary technical database that gives
Slide 4: Pegasi has proven approximately 4% of the estimated total recoverable reserves and resources
Pegasi has proven approximately 4% of the estimated total ») recoverable reserves and resources on its leased acreage Yogoaha oil Gas Equivalent % Total (mbo) (MMcf) —_(mboe) Total ProvedReserves' 673___12,161 2700 4% Probable Reserves’ 421 10,555 2,180 Possible Reserves! 6059 © «31918 = 11,378 Cont
Slide 5: Pegasi is exclusively focused on the redevelopment of the mature Rodessa Oil Field of East Texas
Pegasi is exclusively focused on the redevelopment of the mature Rodessa Oil Field of East Texas Background Location and Regional Context * Exclusively focused on the redevelopment of proven productive formations in the mature 7 Focus Area within the Rodessa Field of East Texas (25,00 acres) | c ) 1
Slide 6: Pegasi employs new drilling and completion techniques to develop proven reservoirs
Pegasi employs new drilling and completion techniques to develop proven reservoirs in the Rodessa Oil Field Pegasiis focusedon2 development programs: 1. Shallow Program + PettivTravis Peak: Multiple Gas Condensate Targets for Vertical Wells with Mutt-zone Completion + Cotton Valley: Multiple Gas Con
Slide 7: Our Beta Test Well confirmed the viability of Pegasi's deep development program
Our Beta Test Well confirmed the viability of Pegasi’s deep development program In 2012, Pegasi completed a scaled down test well, the Morse #1-H, which was the first horizontal well targeting the Bossier/Cotton Valley Lime formation in the Rodessa oilfield This Beta Test Well (BTW) involved only 5
Slide 8: Cornerstone Crude Oil Well Economics are Robust @ $50 Oil
Cornerstone Crude Oil Well Economics are Robust @ $50 Oil Single HZ Well Economics: 10,000ft Depth, 22 stages to perforate Bossier formation, Cass County, Texas Assumptions scenario Dilng & Completion Cost 1st Month Avg. GAS Meld ‘Ast Month Avg. Ol Bod ‘st Month Avg- WATER Bp i Production Tex at Pro
Slide 9: Horizontal Well Economics: Projected IRR of the 22-Stage Development Well
Horizontal Well Economics: Projected IRR of the 22-Stage Development Well 160% 140% 120% " oe 100% i - oN e108 a os 00? = 0% soe Se x80 60% =o 0080 ,, 20% 40% p case ve 20% 0% $30 $40 $50 ‘$60 $70 Oil Price ($/BBL)
Slide 10: Major operators are active in the surrounding area
Major operators are active in the surrounding area Major operators are active all around Pegasi’s project area; however they have not been active in the Rodessa Oil Field due to the difficultyin aggregating acreage, which Pegasihas successfully done over the last decade. The competitorslisted below
Slide 11: Competitor Activity
Competitor Activity Anadarko (per www.anadarko.com, March 4, 2014 Investor Presentation) - Has over 200,000 Net acres in E TexasiN Louisiana Planned to operate 5 rigs and drill 60 wells in 2014 Achieved EUR of 1.1 MBOE per well - Completedthe ER Morriss horizontal well in NOV 2014 within 2 miles of
Slide 12: Pegasi's Management Team
Pegasi’s Management Team Michael H. Neufeld - President & CEO 2 Mr. Neufeld, 65, worked as a professional Geologist in the Gulf Coast, Lo Company, American Resources Company, Hunt Oil Company and as Senior Exploration Geologist and Vice-President of Exploration for Croftwood Corporation. In 1983 Mr.
Slide 13: Pegasi's Investment Proposition
Pegasi’s Investment Proposition = Proven management team that has drilled over 300 wells in Texas and Louisiana + Management team has been “Cycle Tested” successfully building and selling for $100 mm a similar re-development project proximal to the Rodessa Field * Proven Technology - Horizontal dril
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