Glen Rose Petroleum Corporation
Glen Rose Petroleum — Investor Presentation (January 2011)
42 slides from Glen Rose Petroleum's investor presentation, Jan 25, 2011
Slide 1: Glen Rose Petroleum Corporation
Slide 2: Disclaimer
DISCLAIMER GLENG.ROSE Petar hs ten pose y Gen fa Paton Gann ‘Cano ty en cteen wn sens po pacer eve ete hs a ‘tyre yeh ny chr i of crn a erat ie th Epi sre ra an pee be eins! Su nace wn Papasan carb Stora pans ute nS po as tos faparon jan exes Sao oat cag mar ay be Coney ad hn topnt, Eoas SESEES oR c
Slide 3: Glen Rose Petroleum Objectives
(9) EN ROSE PETROLEUM OBJE Acquire up to 60,000 acres within the shallow oil fairway extending over Edwards, Val Verde and Sutton Counties, Texas USA Establish 0.5-1 billion parree of oil in place (“OIP") multiple zones. Exploit the proprietary lifting and stimulation technologies in the development
Slide 4: Glen Rose Executive Team
GLEN ROSE EXECUTIVE CLEN}-Rose Andrew Taylor-Kimmins President and Chairman of the Board Luis Vierma Chief Executive Officer Designate Ruben Alba Sam Smith Chief Operating Officer, B.Sc. Chem. Engr. Chief Geologist, B.Sc. Geology ‘tod Spero Wel Senes. “ex Staton On Nomad Energy, Dan Morrison - Techn
Slide 5: U.S. Geographic Location
U.S. GEOGRAPHIC LOCATION GLENSLROSE
Slide 6: Current West Texas Project
CURRENT WEST TEXAS PROJECT The J R Butler & Co. engineering study of 1984 estimated 168,770,026 barrels of OIP at the Wardlaw Field, covering 10,500 acres. The majority of the OIP indicated by the Butler repot is trapped in the dolomitic poor eI Zone (Paling) at 8 depth of spprorimately 300 feet. Th
Slide 7: Glen Rose Team's recent work
GLEN4bROSE 4 ‘Team's recent work has: Ascribed more than 12 milion barrels of OIP in * Zones wit the current 375 acres of activity. Identified potential new "Pay’ ith ‘Tomah’ at 450 feet and the Basel Trinity Sands at 900 feet.
Slide 8: Sustainable Lifting Methodology
SUSTAINABLE LIFTING METHODOLOGY GLENspRose Under the direction of the Glen Rose Team, a new lifting and stimulation system has been introduced in the Wardlaw Field. To date the technology has been applied to 34 of 48 suitable well bores that are drilled and cased into the ‘A’ Zone. Production has in
Slide 9: Glen Rose A Zone Production Potential
GLEN ROSE A ZONE PRODUCTION POTENTIAL GLENG.ROSE New production methodology demonstrates productivity from the ‘A’ Zone over 6,400 acres (40% of leasehold) with at least 15% recovery of OIP over 6 years. Development to be strategically rolled out into the field in 500 acre units divided into 100 acr
Slide 10: A Zone Oil Actual & Estimated Reserves
A ZONE OIL ACTUAL & ESTIMATED RESERVES = |GLENs-ROSE TEC Engineering Group, Inc. acres Proved Reserves Only Report oA (Glen Rose Petoiun ‘Summary - Estimated Values or Gas] O18 Gas Prodng NOW stn To tn To roman | Recvey- | “Rimmed | Unison | Ronen | TOTAL Renovation ‘47.000 | 110,000 | — aa 000 07 0
Slide 11: A Zone Prospective Economics & Assumptions
A ZONE PROSPECTIVE ECONOMICS GLEN PROSE & ASSUMPTIONS 2140399] Bat, 39854738 99834735 71627788 Max Capital Dramdown 5 (12462816) Value/Pully Died Shae $449 a PVIOValod Jor 1055657 105565067 85,8338, ls 15.86%. ASsumptions:- Fully Operational Well Cost: $65,000 Ave, WTI Oil Price Deck: Heavy Oil Disc
Slide 12: Estimated A Zone Well Economics
ESTIMATED A ZONE WELL ECONOMICS GLENspRose Return on Capital for an individual Well:- $65,000 9 Years 13,219 $317,937 $35,326 54.35% Return on Capital for the entire Field:- $12,462,516 | 12 Years | 17,131,932 | $412,046,927 | $34,337,244 | 275.52%
Slide 13: Glen Rose Full Production Potential
GLEN ROSE FULL PRODUCTION POTENTIAL GLEN#ROSE SHALLOW - Below the ‘A’ & ‘C’ Zones, well data indicates that there may be _ additional shallow oil pay zones, namely the Tomah Zone at 450 feet and the Trinity Sands at 900 feet. DEEP - Below 1,500 feet, economic accumulations of natural gas are likely
Slide 14: CapEx Project - Trinity Basal Sand Evaluation
CapEx Project - Trinity Basal Sand Evaluation + The Basal Sand has been identified in a large aerial extent (~15-30 mile radius) and is classified as an unconsolidated marine conglomerate. It has potential to be a viable oil producing interval and has been sparsely evaluated over the last 50 Objecti
Slide 15: Trinity Basal Sand Evaluation Slimholes
Trinity Basal Sand Evaluation Slimholes 5-10 Delineation/Production Wells with Cores & Full Log Suite evaluation:- Test a wide area of our acreage position allowing for the determination of reserves. * Core analysis, log evaluation and drill cuttings evaluation. The core hole evaluation will allow f
Slide 16: Possible A Zone Optimization
Possible A Zone Optimization Horizontal Lateral The A Zone has been determined to be a viable production interval. In testing the zone has produced in the.5 to 20 bbi/day range. It is hypothesized that horizontal drilling will allow for a higher probability of encountering localized fracture network
Slide 17: Summary Conclusions
SUMMARY CONCLUSIONS GLENS-BOSE . ‘A’ Zone estimated PV10 (see assumptions Slide 10) alone represents more than $4.50 per share fully diluted. . ‘C’ Zone, Tomah Zone and the Trinity Sands are likely to contribute similar value. . Each new Zone proven to be productive adds multiples of further potenti
Slide 18: Next Steps
NEXT STEPS GLENspRose 1. Continue to produce from the existing 48 well bores, maximizing production in the 100+BOPD range. 2. Drill 5-10 new wells across the owned and prospective acreage to a depth of 1,200 feet, coring, logging and extracting oil samples from all Zones. 3. Carry out, in conjunctio
Slide 19: Financing & Use of Proceeds
FINANCING & USE OF PROCEEDS
Slide 20: Broader Objectives
BROADER OBJECTIVES GLENspRose Source and evaluate reservoirs that fully utilize the expertise and knowledge base of the Glen Rose Team that will only enhance the value potential of the Company - “Added Value Reservoirs”. Added Value Reservoir examples:— + Low reservoir pressure/substantial oil-in-pl
Slide 21: Glen Rose Management Team
GLEN ROSE MANAGEMENT TEAM SUMMARY BIOS drew Taylor-Kimmins - CEO, iz Conor of Compagnie Ressources Natueles et nt and Charman of the Board Mt. Tayor-Kimins i Dretor ‘A CORN), a consultant to Glen Rose, under porte staogy, cepa acing end ivestor atone. Previous engogemonts havo inched Unica Hortone C
Slide 22: Glen Rose Management Team - cont
GLEN ROSE MANAGEMENT TEAM - cont GLENspRose jef Operating Officer, B.Sc. Chem. Engr. A highly respected member in the Oil and eat Inausty Me Aba recess he Choma! Engneathg Degree om New Mexce Stale Unrsty Super Wel Sonus MAb adept o te chalenges of unconventional reerote and hoe fee patents in hydra
Slide 23: Glen Rose Management Team - cont
GLEN ROSE MANAGEMENT TEAM - cont GLENspRose Kenneth €. Martin - Chief Financial Officer «Ms. Main jngd the Conary as ts Chit Franca fice ie Apri 1, 2010. 4 yoars He hasbeen Preston of Kelser Irrational ne. ance ard buses consuling compery ror to that tn, ha ot snc ancl 1 nt poston wth MAF BioNutrtio
Slide 24: Glen Rose Petroleum Information
GLEN ROSE PETROLEUM INFORMATION GLENS-BOSE Stock Symbol: Shares Outstanding: Conversion Shares: Warrants Outstanding: Fully Diluted Shares: Debt: Share Price: Market Cap: 52 Week Range: Proven Reserve Valuation: Total Acres Leased: Total Acres Optioned: Main Market Maker: GLRP.OB 17,495,559 11,166.6
Slide 25: Board of Directors
GLENspRose BOARD OF DIRECTORS. leisienea henselae Andrew Taylor-Kimmins - Chairman/President Mi. Teyor-Kimmins, age 1. is 2 United Kingdom ctzen, In he has assisted in the corporate strategy, capital raising and investor relations for a number of US resource businesses incang Glen Rose Potcleum Corp
Slide 26: Corporate Officer Compensation
GLENspRose CORPORATE OFFICER COMPENSATION leisienea henselae Andrew Taylor-Kimmins ~ Chairman/President Mr. Taylor-Kimmins, via a consulting agreement between Gien hi Rose and Compagnie Ressources Natureles et dl it SA. (his investment and consulting business) he has received cash conskeration of $1
Slide 27: Glen Rose Petroleum Cap Table
GLEN ROSE PETROLEUM CAP TABLE
Slide 28: Risk Factors to Our Business
RISK FACTORS TO OUR BUSINESS ‘andthe fae to achieve such goats wad havea averse pect on Wie do not have suficent evenues o fund our current operations. gh i pt acceptable terms, continue asa going concer, wen pave cash oy 2000. 1 580.9425, 20 ‘and proton of tscovered or aoqured by us.
Slide 29: Risk Factors to Our Business
RISK FACTORS TO OUR BUSINESS dep ‘te (ur mancil condor, resuts of peratons or pospecs loss of investment. ‘in that oven,
Slide 30: Risk Factors to Our Business
RISK FACTORS TO OUR BUSINESS ‘Operations willbe adversely tected, ere ‘rue of may be lower than cuentas. ‘a may est nour products Becoming less desabie
Slide 31: Risk Factors to Our Business
RISK FACTORS TO OUR BUSINESS arian naitng wel and use of eehelny. ‘olowng ‘than commercial reductive cud ol eserves wl be found weahescondions, ono. pp alu, bnoraly ores ove gases. a operations. ‘ny ofthese ovents cous avers atet our busines,
Slide 32: Risk Factors to Our Business
RISK FACTORS TO OUR BUSINESS and results of operations 98 09 tbe anges te sy ‘These factor in an {valsbty of atematve ws, ples condh io piso motp v ot 095 ‘Thoee ae federal at Fartermoc ‘ne ne regulators ne mo ‘eoulaons, coud have a maloal adverse ele onus
Slide 33: Risk Factors to Our Business
RISK FACTORS TO OUR BUSINESS Wie may not be able to replace production with new reserves, characteristics op igi ‘uring atonal resenes ‘etertrat we fall to verily. properties nT ‘hewrk bya interns of bth reso we wil ‘Wi face tong competition fom other oi and gas companies business, prospects liquldt
Slide 34: Risk Factors to Our Business
RISK FACTORS TO OUR BUSINESS in adaton, “Tis woud St contin our operations. ur success do Ruten Alb, chit Operations Of logs wens ‘hing. ‘mere ies personel on acceptable toms,
Slide 35: Risk Factors to Our Business
RISK FACTORS TO OUR BUSINESS ‘cust wth changes market nd econome cnn and ther feos nein: wortwie and domestics supplies of oan gs: ‘ators ken by foregn ol and gas predueing nats: eter og ato aps ees {he pice and eel fren bel cease rice and avant of aematve es te: teen tpi ocean cpt {ies and een gove
Slide 36: Risk Factors to Our Business
GLENG.ROSE RISK FACTORS TO OUR BUSINESS oe Ligation isk 12008 we entered in e $2500.00 for 00% rmpltion ofthat investment a 50% working ioe 00 eet (he by the ont Operating Agreement (JOR). WHL Energy Li 500.000. wna 900000. oe WH er nother ray 00 fet, WAL orgy iw be eng rg interest. Such dove ‘Howev
Slide 37: Risk Factors to Our Business
RISK FACTORS TO OUR BUSINESS ‘fear aperations poten corso, Specialy, “ethos However “his cou resut n, Jamong ater thas, We are not fly insures agains possible environmental sks. ‘our financial postion, outages, labor tarpon, ow changes “The ations, on 0 gency. a ty
Slide 38: Risk Factors to Our Business
RISK FACTORS TO OUR BUSINESS ave bon operated by us Heomoves, Risks Relating to our Common Stock eh mended, ‘erdrto marian pr TC Buln Beard. wef Ore Bi iy or out elses to Sel ther secues te secondary market, “The markt price for our common stock may be highly volatile. ch share price chide ‘ual or a
Slide 39: Risk Factors to Our Business
RISK FACTORS TO OUR BUSINESS sons or errs fey mangement peor ‘ations by ou sharenol ‘ommenchmet or vehement a Kiggion ‘aus, “pecuaton nthe press oc nvestment community regarding ou business ‘enerl market and economic conden: ard compances. have not changed ‘han tempera (generated by operators to dev
Slide 40: Risk Factors to Our Business
RISK FACTORS TO OUR BUSINESS Sock market wc, m nln fom nny stocks. General, penny ‘aeut favs ofthe U'S agains sor those persons,
Slide 41: Nominated Director
GLEN#ROSE NOMINATED DIRECTOR ieee eee Upon the consummation ofthe Iroquois investment on March 3, 2010 the Company amended its bylaws to provide the investor a "Nominated Director’ and Martin Chopp was that nomination. Under the amended bylaws, the Nominated Director must be among the majority of di
Slide 42: Estimated Cash Flows
ESTIMATED CASH FLOWS Q4 2010 ACTUALS (Est.) & Q1 2011 FORECAST
Glen Rose Petroleum — Investor Presentation (January 2011) on 6ix