Pegasi Energy Resources Corporation
Pegasi Energy Resources — Investor Presentation (October 2014)
14 slides from Pegasi Energy Resources's investor presentation, Oct 8, 2014
Slide 1: Pegasi Energy Resources Corporation: Re-development of the Rodessa Oil Field
Slide 2: Legal Disclaimers
Legal Disclaimers ‘he Secures ana (seo) von, prortothe ‘nies eeones| ‘oe formation and statements assumptions states, ‘alten, her “among ther gs ate reo fare tutu operators. ‘aniain ta docimen ewes arte’ elve erate "rpec Tce nay "bohct ppt sou ond ‘mr Pregetons of performance or ary vason. even come
Slide 3: Our Mission
Our Mission Our mission is to employ modern drilling and completion techniques to redevelop proven reservoirs in a mature field We are 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 3% of its estimated total reserves and resources
Pegasi has proven approximately 3% of its estimated total D) ’ reserves and resources oil Gas Equivalent % Total (mbo) (MMe) (mboe) Total Proved Reserves! 758__16,719 3544 3% Probable Reserves! 323 5,919 1,309 Possible Reserves! 6195 32,289 11,517 Contingent Resources? 86,746 86,746 Total Unproven R
Slide 5: Proving Pegasi's contingent resources would deliver enormous value
R \ Proving Pegasi's contingent resources would deliver enormous value 7 Gross Contingent Reources (mmboe) a7 alty Rate 20% Net Contingent Resources (mmboe) 6 ll Sales Value per BbI $90.00 Gas Sales Value per MCF $3.50 Gas Sales Value per boe $21.00 Production Sales Value per boe Driling & Completio
Slide 6: 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 + The Rodessa Field located in East Texas has been producing oil and gas since 1929: ‘Over 400 mm bbls of crude oil Over 2.3 Tef of gas. ‘Over 2,000 producing wel
Slide 7: Pegasi employs new drilling and completion techniques to develop proven reservoirs in the Rodessa Oil Field
Pegasi employs new drilling and completion techniques to develop proven reservoirs in the Rodessa Oil Field Rodessa Mineral Formation Stratigraphy Pegasi is focused on 2 development programs: 4.Shallow Program + PettivTravis Peak: Multiple Gas Condensate ‘Tages for Vertical Wells wth Mult-zone Compl
Slide 8: Shallow development program: Pettit, Travis Peak & Cotton Valley
Shallow development program: Pettit, Travis Peak & Cotton Valley as Cotton Valley ‘D'Isopach/Structural Devsloonrenr Appel Map of Pegasi Acreage ‘+ Historical wells in the field have proven the Pettit & Travis Peak to be gas condensate reservoirs Cotton Valley a proven natural gasicondensate reservo
Slide 9: Deep development program: Bossier & Cotton Valley Lime
\ Deep development program: Bossier & Cotton Valley Lime Pte + Bossier A, B, C, D sands and the Cotton Valley Lime ue ee are extensive over 225,000 acres in the Rodessa ‘+ Drill horizontal well to 10,200 ft depth with 4,000- S#iPare 4,500 ft lateral section fracture stimulated in 25 stages * Drillin
Slide 10: Our Beta Test Well confirmed the viability of Pegasi's deep development program
Our Beta Test Well confirmed the viability of Pegasi’s deep R \ development program eo 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 o
Slide 11: Major operators are active in the surrounding area
Major operators are active in the surrounding area Major operators are active all around Pegas's project area; however they have not been active in the Rodessa Oil Field due to the difficulty in aggregating acreage, which Pegasi has successfully done over the last decade. The competitors listed belo
Slide 12: Competitor Activity
Competitor Activity Anadarko (per wvnw.anadarko,com, March 4, 2014 Investor Presentation) Has over 200,000 Net acres in E Texas/N Louisiana ~ Planned to operate § rigs and drill 60 wells in 2014 ~ Achieved EUR of 1.1 MBOE per well Recently permitted a deep horizontal well in Pegasi’s project area In
Slide 13: Pegasi's Management Team
Pegasi’s Management Team - Michael H. Neufeld ~ President & CEO Mr, Neufeld, 64, worked as a professional Geologist in the Gulf Coast, Louisiana and Texas for Pennzoil Company, American Resources Company, Hunt Oil Company and as Senior Exploration Geologist and Vice-President of Exploration for Crof
Slide 14: 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 Cornerstone Project. Proven Technology - Horizontal d
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