Amazing Energy Oil and Gas — Technical Presentation (November 2019)
16 slides from Amazing Energy Oil and Gas's technical presentation, Nov 29, 2019
Slide 1: The estimates shown
The estimates shown in this report are for Proved Developed Non-Producing (PDNP), Proved Behind-Pipe (PBP) and Proved Undeveloped (PUD) locations. This report does not include any value that could be attributed to interests in undeveloped acreage beyond those tracts for which undeveloped reserves ha
Slide 2: Resources Classification Framework
é 8 | 3 a z E = 3 i z 6 5 PRODUCTION RESERVES 2 CONTINGENT RESOURCES 2c LUNRECOVERABLE UNDISCOVERED PilP PROSPECTIVE RESOURCES Best Erase Increasing Chance of Commerciality ©—+ LUNRECOVERABLE — Range of Uncertainty = ——+ Figure 1-1: Resources Classification Framework.
Slide 3: Assessment of Reserves
Amazing Energy’s development plan includes projects that will develop oil accumulations that Moyes has classified as reserves or contingent resources. Per SEC guidelines, only volumes classified as proven, probable, and possible reserves can be included in reserves report. Therefore, only proven res
Slide 4: Tuscaloosa B sand target
The bulk of Amazing’s investment capital will be allocated to the PUD and PBP reserve volumes. The primary target is the Tuscaloosa B sand and the secondary targets are the Tuscaloosa C and D sand. The Tuscaloosa B is a channel sand located approximately 10,000 ft below the surface. Well correlation
Slide 5: Volumetric estimate of Tuscaloosa B
Utilizing the volumetric method, Moyes estimates the OOIP in the Tuscaloosa B Sand to be 13,635 BOIP/acre or 2,686 Mbbl of oil in place. Fernwood (Hunt) 34-2 was depleted by Fernwood 34-6; therefore, I was able to deduce that the drainage area is approximately 74 acres. Utilizing the BOIP/acre and a
Slide 6: Production profile and development schedule
The reserves and estimated cash flows are based on the production profile I developed for the PDNP wells, recompletions projects, and sidetrack well. Amazing has proposed 8 projects to be executed in 5 wells. Fernwood 27-15 has 3 projects (1 workover, and 2 recompletions), and Doster 4-1A, Magee et
Slide 7: Denver Mint Production Profile
DENVER MINT PRODUCTION PROFILE 2024 2029 2034 2039 2044 2049 —oil —Gas GAS (MCF/D} Vigure lint Gross Reserves Production Profile
Slide 8: Tuscaloosa D contingent resources
While the above volumetric calculations support the potential to recover significant oil volumes, this project is unproven in the Tuscaloosa D sand, and as such, the potential recoverable oil volumes are considered contingent resources. To bring these volumes from contingent resources into the reser
Slide 9: Shallow behind-pipe contingent resources
Amazing intends to recomplete these zones in all six wellbores, but to date, there have been no production or flow tests from these zones in the Dinan field. The lack of flow tests makes it impossible to determine with certainty if the formations are commercially producible realistically. Therefore,
Slide 10: Grand Total as of May 2, 2019
Grand Total as of May 2, 2019 Reserves _ Wet Cash Flow ‘ Future Wet Future Not Future Net Future Net Gross oil Gross Gas Net oil netaax TMureNet Fuwenet_ Fmwenet fume Nt ypv.t0 eserves cass/category (ebb) (oatascf)—(rabb!)—frannscf) (SM) (sm) ee ProvedDevelopedNon-Producing 5285 0 «© «40.39 «©0277 M
Slide 11: Phase II Map of D Sand Waterflood Project
Phase Il Map of D Sand Waterflood Project Dinan Field Production Project ff [rtickness 3135| Feet Walthall County, Mississippi Recoverable Oil 138] B0/ac-t. a Total= 588,580 BO ~ 3B { ae | sansa temas ‘Srv025 4 aes. OV Btotr 5 Srtos2 10020 sme “Sto mes — ~afto3? “attoas O= Pilot program producer (1)
Slide 12: ‘ermwuod 27-45 Shasta: Cook Mountain; kad ‘Verun Ts
‘ermwuod 27-45 Shasta: Cook Mountain; kad ‘Verun Ts
Slide 13: Economic Summary Projection
EE EDS ECONOMIC SUMMARY PROJECTION a Project Name: Denver Mint Provpect AsOfDaw: 05/01/2019 Perteer ANCasee Discover Rate (%): 1000 Can Type: GRANDTOTALCASE, ‘Comte Section Cem ou atbey wen Cam Gas (tates w2 Gross Gros Ne ow on cas ver ‘on ca ca Pr Reeore Reeve aren ates carb aien —(SbeD—(Sated as a
Slide 14: Economic Summary Projection
EE IEE ECONOMIC SUMMARY PROJECTION a rojec Name: Denver MiatProspect AsofDaw: 980172018 mer AlLCases Discoust Rate): 1060 CaseType: GRANDTOTALCASE mane Comou areen wan Cam Gar Ques, ua Grose cress xe on Gas cas Mie. oO Gar Ga Price Price Reveeae Rene carey antes ate (seen (Sates ats) ats) ats) 2019
Slide 15: Economic Summary Projection
EE IES ECONOMIC SUMMARY PROJECTION en zopertinn: imuilboge peeseampeptes oe” (ane eae Case Type: GRAND TOTALCASE ‘Cesmem Setaction concn: ss Sa cuonts Fe “ = # £F Re a ~ SS Be 2 ££ - & 2h oe silty oitty otis atta dy, cits “ale” "ale = ee ee ee ee = = 2 «£ & = os = g af Ss 2 -¢ ke & S = = i & «ss & i
Slide 16: Denver Mint Proved Undeveloped Economic Summary
(Dates Ne se aeas woes Project Name zn Ree, Total Aiajer Pate Pete Tea Rat: Absndoce tat Teta Decion Beg Ratio Ene Ratis ECONOMIC PROJECTION ALOfDate: 05/012018 ‘Case: Magee 0136-1 Siena igure 5-6: Denver Mint Proved Undeveloped Economic Summary Denver Mint rouprct oucaeer tor mee Rewrve Cat : Prove
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