New Frontier Energy, Inc. · OTC:NFEI
New Frontier Energy — Investor Presentation (November 2008)
20 slides from New Frontier Energy's investor presentation, Nov 12, 2008
Slide 1: New Frontier Energy, Inc. Investor Presentations November 2008
New Frontier Energy, Inc. Trading Symbol: NFEI Investor Presentations November 2008
Slide 2: Information on forward-looking statements
Information on forward-looking statements This document may contain forward-looking statements including declarations regarding New Frontier Energy, Inc. and it’s future and expected performance based on assumptions that the Company believes are reasonable. No assurances can be given that these stat
Slide 3: NFEI Profile
NFEI Profile New Frontier Energy, Inc., is an independent oil & gas exploration and production company focused on developing 70,914 net acres of leaseholds in the Atlantic Rim area of the Greater Green River Basin, and the Denver Julesburg Basin in northeastern Colorado. ‘The company’s business stra
Slide 4: Slater Dome, Focus Ranch, Flattops, Battle Mountain
Slater Dome, Focus Ranch, Flattops, Battle Mountain %® Atlantic Rim/Washakie Basin - 70,914 net acres Slater Dome, Moffat County (CO) - 35,538 net acres © Focus Ranch Unit, Routt County (CO) - 30,500 net acres Flattops, Carbon County (WY) - 3,276 net acres Battle Mountain, Carbon County (WY) - 1,600
Slide 5: O&G Operators in Development Fairway
O&G Operators in Development Fairway | Gou-creek Fieta 3} 1580.1 BCFG ren Resources (WRES) Sierra Madre Field.
Slide 6: NFEI Corporate Milestones
NFEI Corporate Milestones Developed Slater Dome from prospect into core producing asset with 15.6 BCF proved reserves net to NFEI’s interest as of February 2008. Constructed 18 mile gathering line from Slater Dome Field to the Questar tap in Baggs, Wyoming to commence gas production in June 2005. Be
Slide 7: Estimated Proved, Probable & Possible Resources net to NFEI
Estimated Proved, Probable & Possible Resources net to NFEI Feb. 2008 (Only covers Slater Dome CBM Production) %* 15.6 BCF - estimated total proved reserves net to NFEI with 58 wells drilled. ** 60 BCF - estimated probable resources net to NFEI. * 158 BCF - estimated possible resources net to NFEI.
Slide 8: Estimated Future Cash Flows From CBM Production
Estimated Future Cash Flows From CBM Production February 29, 2008 Future cash inflows $ 113,608,380 Deduct: Future production costs 40,881,780 Future development costs 13,240,600 54,122,380 Future net cash flows 59,486,000 Less 10% discount amount 26,876,000 PV-10 discounted future net cash $ 32,610
Slide 9: Potential Results from Testing Focus Ranch Federal 12-1 Well in October 2008
Potential Results from Testing Focus Ranch Federal 12-1 Well in October 2008 ** 14 BCFE - estimated total possible resources net to NFEI’s interest. 3% Flow Test - 2.3 MCF and 100 Barrels of Condensate to 100% of the interests. * 24 Well Drilling Potential — estimate based on 18.4 square mile seismi
Slide 10: Slide 10
Slide 11: Why New Frontier Energy ?
Why New Frontier Energy ? NFEI’s has a RESOURCE play; with CBM development to mitigate the drilling risk Testing of Focus Ranch Unit well in October 2008 resulted in flow rate potentials of 100 barrels of condensate and 2.3 million cubic feet of gas per day. Potential reserves from the well approxim
Slide 12: Why New Frontier Energy ?
Why New Frontier Energy ? ¥ Infrastructure assets in place ¥ 3%of the 70,900 net acres in the Atlantic Rim is developed Y Location is everything “ 4 Niobrara wells at the Sierra Madre Field % mile northwest of the acreage position produced in excess of 546,000 barrels of oil and 3,975,000 MCF of gas
Slide 13: Current Status & Strategy for Growth
v Current Status & Strategy for Growth Increase Production—up 65% over prior year to 115,000 MCF for six month period ended August 2008 (Primarily coalbed methane production). Decreasing operating costs—27% for six month period ended August 2008 compared with 2007. Reenter Focus Ranch 3-1 well--log
Slide 14: Capital Structure & Valuations
Capital Structure & Valuations As of 10/31/08: 13.2 million: Common stock outstanding now 23.6 million: Common stock equivalents from Series B & C preferred equity Vv 36.8 million: Common stock outstanding after effect of preferred conversion v $21.2 million - Total stockholder equity v $22 million*
Slide 15: Key Drivers for Building Shareholder Value
Key Drivers for Building Shareholder Value * Moving drilling to focus to drilling 24 potential Niobrara/Frontier drill sites which could yield up to 14BCFe of reserves per location *® Reenter Focus Ranch 3-1 well *® Syndicate repeatable low risk CBM development drilling programs * Low development co
Slide 16: New Frontier Energy, Inc.
New Frontier Energy, Inc. Trading Symbol - NFEI Paul Laird - CEO Les Bates — CFO 1789 W Littleton Boulevard Littleton, CO 80120 303-730-9994
Slide 17: Supplemental Information
Supplemental Information
Slide 18: Market for Common Stock & Related Stockholder Matters
Market for Common Stock & Related Stockholder Matters NFEI - OTC BB since June 2004 1,716 shareholders of record (including shares held in street name estimated to be 2,224 holders) 52 week high 05/27/08 - $1.38 52 week low 10/17/08 - $0.43 200-Day Moving Average -$1.04 16,349 - average volume (3 Mo
Slide 19: NFEI Capital Structure Supplement
NFEI Capital Structure Supplement ‘New Frontier Energy Ine Proforma Capitalization \ssued and outstanding October 31,2008 Proforma iesuances: ‘Series B Convertible Preferred Series @ $1.05 automutic conversion in Jan 2010 Total Conversions without § proceeds Pro forma fully diluted before warrants E
Slide 20: Proforma Analysis of Fully Diluted Capital Structure
Proforma Analysis of Fully Diluted Capital Structure > 81.4 million shares after all warrants & options are exercised. (Average strike price of $1.40 share would result in $62.4 million in new funding) Proforma Analysis - based on August 31, 2008 10-k SEC filing > Proforma Cash Position: $65.7 milli
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