Slide 1: Corporate Presentation
Corporate Presentation April 2011 The NEXT round of extraction on known plays
Slide 2: Disclaimer and Forward Looking Statements
•DISCLAIMER The information contained in this presentation is confidential. The contents are not to be reproduced or distributed to any third party, including the public or press. The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its
Slide 3: Corporate Management
Corporate Management Mark S. Dolar, President, CEO and Director 30 years of experience in developing oil and gas reserves Discovered 2.5 trillion cubic feet of gas throughout career Industry leader in corporate governance Scott D. Badcock, Chief Financial Officer 10 years of experience i
Slide 4: Directors
Directors R. Michael Jones Founder, Director, President and CEO of Platinum Group Metals Ltd. and West Kirkland Mining Inc. Founder and Director of Mag Silver Corp., Lakeshore Gold (formerly West Timmins Mining Inc.), Glimmer Resources Inc. Frank Hallam Founder, Director and CFO of Platinu
Slide 5: Share Structure
Share Structure April 15, 2011 Issued and Outstanding 26,194,864 Stock Options 2,260,000 Fully Diluted Shares 28,454,864 Current Share Price $1.02 Current Market Cap $26.7 MM Nextraction Energy: Strong Investor Base, Debt Free 5
Slide 6: Nextraction Energy (TSX.V: NE)
Nextraction Energy (TSX.V: NE ) An Exploration and Production Oil and Gas Company Driven by experienced leadership, with large scale projects, clean share structure and repeated successful business model Production in Oil and Gas from two plays averaging 104 BOEPD at year end* - generating month
Slide 7: Provost Viking Oil, Saturn Oil, N Pinedale, Appalachian Shale
PROVOST VIKING OIL SATURN OIL 34 Sections 4 Producing Wells 20-50 potential wells 3.25 Sections Multi-horizons 12 – 21 Horizontal well w/ Bakken Shale Oil play N PINEDALE 5.5 Sections; 1 producing well 32 possible well locations APPALACHIAN SHALE 109 Sections Up to 500 possible locations in shale ga
Slide 8: Provost Field
Provost Field Viking A Pool & Horizontal Potential 220,000BO Development Opportunities Westfire 4 wells: 30 BOPD (gross) Horizontal little decline Wells Frac Candidate Recompletion potential: recovery of 3-4 X Existing Production 300,000BO 12 locations on 400 m spacing 60,000BO Active Viking V
Slide 9: Viking Formation
Viking cumulative oil production Viking Formation Cumulative Production Barrels of Oil Isopach Map Topography is accessible for up to 21 horizontal locations Production facilities in place The Viking Pool is known for prolific production rates. Vertical wells with less than 4% of the oil in plac
Slide 10: Provost Viking Oil JV Project – Alberta, Canada
Provost Viking Oil JV Project – Alberta, Canada MANAGEMENT EXPERTISE IN AREA EXPERIENCE IN DRILLING VIKING HORIZONTAL WELLS Nextraction acreage covers 15% of lands defined in Viking Pool Production to date of 660,000 barrels; recovery factor of < 4% Vertical wells: produced up to 300 thousand ba
Slide 11: Saturn Oil JV, Montana Multi-Formation Pay Zones
Saturn Oil JV, Montana Multi-Formation Pay Zones Surrounding Field Production Roncott Conventional Vertical Zones / Formations Ratcliffe, McGowan Cabaret Coulee & Mission Canyon Cabaret Coulee: 490,000 BO Bredette: 780,000 BO Bredette Poplar: 47 million BO Unconventional Poplar Horizontal Zones Bakk
Slide 12: 22 Mile 3-D Seismic Outline
Saturn Leasehold Position 34 Sections of Property Rights 22 Mile 3-D Seismic Outline State of MT records reports Define Structural Traps 460,000 BO have been produced from 2 Commencing upon conventional wells winter breakup IP rates of 500+ BOPD
Slide 13: Saturn Oil JV, Montana Williston Basin Bakken Formation
Saturn Oil JV, Montana Williston Basin Bakken Formation Seismic Farm-In Agreement 3-D Seismic Drilling program • 1st well after Seismic Saturn to drill, core and produce • 4 potential oil producing reservoirs including Bakken 20-50 locations 13
Slide 14: North Pinedale Anticline, Wyoming
North Pinedale Anticline, Wyoming 5.5 Sections N. Pinedale Anticline Nextraction Leasehold Map 1 producing well Sublette County, Wyoming Nextraction Acreage 32 P3 locations on 20 acre spacing Noble #6-24 Pinedale Anticline: 2nd largest gas Shell E&P Super pads producing field in USA QEP Super pa
Slide 15: North Pinedale Anticline, Wyoming: Another Perspective
North Pinedale Anticline, Wyoming Another Perspective GAMMA RAY NORMALIZED API < 45 (Clean Sand) API < 75 (50%Vshale) API 70-110 API > 110 Noble 6-24 Well 15
Slide 16: North Pinedale Project, Wyoming
North Pinedale Project, Wyoming Noble #6-24 Well: 800 Ft of Net Pay In Production, Generating Cash Flow 2010-Q4 24Hr AOF: 3 MMCFGPD • Probable reserves: 5.3 BCFGE • Possible reserves: 80 BCFGE* 100% interest in 1600 acres (10 net wells) 25% interest in 2500 acres (22 net wells) Long Life res
Slide 17: Appalachian Basin: Chattanooga Shale Gas Project
APPALACHIAN BASIN CHATTANOOGA SHALE GAS PROJECT Potential Resource Play of ~ 490-2500 BCFG* Multi-horizons, long life reserves Magnum Hunter buys NGAS for$40mm Successful, ongoing Chattanooga Shale development in adjacent areas 109 Sections – Wells are 100% Interest BPO, 75% APO Kentucky a
Slide 18: Appalachian Basin
APPALACHIAN Potential BASIN Horizontal Drilling Locations Propellant Frac wells Horizontal Drilling Programs Underway MM#5 well 18
Slide 19: Summary of Activities Nextraction 2011
Summary of Activities Nextraction 2011 Q1 Q2 Q3 Q4 Pinedale Noble 6-24 completed – Production: Liquids-rich gas Acquired Alberta Viking Oil Play – Production: Oil NE Acquires 3-D Seismic, Initiates 2-D Seismic on Pinedale Pinedale Seismic Complete Saturn Seismic Complete Recomplete Provost-Viking A
Slide 20: Nextraction's Next Round of Development: Q2-Q3, 2011
Strategically Positioned for Growth: Nextraction’s Next Round of Development: Q2-Q3, 2011 Re-Completions PROVOST FUNDED 2 Horizontal Wells Seismic / Analysis SATURN FUNDED 1st Well – Core / Analysis Find the Next Round of Extraction on Known Plays Experienced personnel with technological expertise t
Slide 21: Nextraction Energy Corp.
Nextraction Energy Corp. Vancouver, B.C. Calgary, Alberta 328 - 550 Burrard Street Sun Life Plaza, West Tower Vancouver, BC V6C 2B5 Suite 1600, 144 – 4 Ave SW Calgary, AB T2P 3N4 Company Contact: Daniel Gibbons Manager, Corporate Relations Phone: (604) 630-0300 Direct: (604) 628-4712 dgibbons@nextra