Glen Rose Petroleum Corporation
Glen Rose Petroleum — Investor Presentation (September 2010)
17 slides from Glen Rose Petroleum's investor presentation, Sep 8, 2010
Slide 1: An Ocean of Oil in Waiting
Slide 2: Important Notice
| IMPORTANT NOTICE Cree THE INFORMATION CONTAINED HEREIN, TOGETHER WITH ANY AMENDMENTS OR SUPPLEMENTS AND ANY OTHER INFORMATION THAT MAY BE FURNISHED BY THE COMPANY, INCLUDES FORWARD- LOOKING INFORMATION. SUCH INFORMATION IS BASED ON ASSUMPTIONS AS TO FUTURE EVENTS THAT ARE INHERENTLY UNCERTAIN AND
Slide 3: Warrants Outstanding / Fully Diluted Shares
Warrants Outstanding: * Fully Diluted Shares: Total Acres Leased: Total Acres Optioned: Main Market Maker: We 006; oat 26,966,420 43,973,361 $3,350,000 Convertible Note $0.30 September 1, 2010 $5,050,000 $0.15- $1.55.
Slide 4: Corporate Objectives
CORPORATE OBJECTIVES » 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 barrels of oil in place (“OIP”) in multiple zones. + Exploit the proprietary lifting and stimulation technologies in the develo
Slide 5: Geographic Location
| GEOGRAPHIC LOCATION (Cases PROSE | | | | | I
Slide 6: Wardlaw Field & Adamson Project
WARDLAW FIELD & ADAMSON PROJECT | EDWARDS COUNTY, TX 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 report is trapped in the dolomitic upper Glen Rose ‘A’ Zone (Paluxy) a
Slide 7: Team's recent work has:
Team's recent work has: Ascribed more than 12 million barrels of OIP in the ‘A’ & 'C’ Zones ; within the current 375 Te dom bone acres ofjacti Identified. potential new ‘Pay’ Zones with significant areal extent referred to as the ‘Tomah’ at 450 feet and the Trinity Sands at 900 feet.
Slide 8: Sustainable Lifting Methodology
SUSTAINABLE LIFTING METHODOLOGY GLEN @ROSE 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 18 of 48 ‘suitable well bores that are drilled and cased into the ‘A’ Zone. Production has i
Slide 9: Glen Rose Production Potential
GLEN ROSE PRODUCTION POTENTIAL ‘ 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 acre pods each with
Slide 10: Glen Rose Production Potential
GLEN ROSE PRODUCTION POTENTIAL 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. Below 1,500 feet, economic accumulations of natural gas are likely in zones ranging from the fracture
Slide 11: A Zone Oil Actual & Estimated Reserves
A ZONE OIL ACTUAL & ESTIMATED RESERVES TEC Engineering Group, Inc. - Proved Reserves Only Report Area of Activity - 375 Acres - A Zone Oil Only & Shut-In Gas Glen Rose Petroleum Corporation/Wardlaw Field Summary - Estimated Values Net Reserves & Income Data Oil Gas, Oil & Gas ke Produce NOW snuvtn T
Slide 12: Assumptions
Assumptions:- Fully Operational Well Cost: $55,000 Ave. WTI Oil Price Deck: $70 - 2011, $80- Heavy Oil Discount: $10.00 per barrel Transportation Cost: $6.00 per barrel Production Curve: | YF1 8 bold, ¥r2 6 bo/d, YF3 5 bord, Wet co sto thereafter Lifting Costs: $12.00
Slide 13: Glen Rose Management Team
GLEN4PROSE ‘PETROLEUM conPORATION GLEN ROSE MANAGEMENT TEAM Andrew Taylor-Kimmins - CEO, President and Chairman of the Board, Mr. Taylor-Kimmins is Director General of . Compagnie de RessourcesNaturelles et d'lnvestissment S.A. (CRNI'), a consultant to Glen Rose, under which the services of Mr. Tayl
Slide 14: Glen Rose Management Team - cont
GLEN 4pROSE PETROLEUM] CORPORATION | | GLEN ROSE MANAGEMENT TEAM -cont Ruben Alba - Chief Operating Office, 8.Sc. Chem. Engr. A highly respected member in the Oil and Gas Industry, Mr. Alba received his Chemical Engineering Degree from New Mexico State University in 1996. His career in the Oil and G
Slide 15: Glen Rose Management Team - cont
GLEN 4PROSE ‘PETROLEUM CORPORATION GLEN ROSE MANAGEMENT TEAM -cont Kenneth E. Martin - Chief Financial Officer - Mr. Martin joined the Company as its Chief Financial Officer effective April } 1, 2010. For the past 24 years he has been President of Kelstar Intemational Inc, a financial and business |
Slide 16: Total Potential Value with Acquisitions
© Zone, Tomah Zone and the Ti rinity anil are likely to contribute similar value. Each new Zone proven to be productive adds further potential ‘S ate of 00 -10.00pershare. —— * a RO TOTAL POTENTIAL VALUE WI ACQUISITIONS $20.00-24.00 PER ee
Slide 17: The Hidden Opportunity
THE HIDDEN OPPORTUNITY GLENj-ROSE HUNDREDS OF MILLIONS OF BARRELS OF SHALLOW OIL THAT NO-ONE UNTIL GLEN ROSE PETROLEUM CORPORATION HAD G#4E KNOWLEDGE, ABILITY AND CONVICTION ; To EXTRACT ECONOMICALLY
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