Daybreak Oil & Gas, Inc. · OTC:DBRM
Daybreak Oil & Gas — Investor Presentation (August 2022)
21 slides from Daybreak Oil & Gas's investor presentation, Aug 23, 2022
Slide 1: Daybreak Oil and Gas, Inc. Corporate Presentation
Daybreak Oil and Gas, Inc. Corporate Presentation ee
Slide 2: Daybreak Profile
Daybreak Profile os ¢ Emphases on shallow crude oil opportunities primarily in the San Joaquin and Sacramento Basins in California where we have a 17 plus year operating history. * Daybreak Acquired Reabold California in May, 2022 ¢ 1.1 million barrels of combined company proved oil reserves as of M
Slide 3: Where We Operate
Where We Operate Contra Costa County | se West Brentwood a Monterrey County Burnett and Doud Kern County, California East Slopes Project Montcalm County, Michigan | Traverse Reef Prospect
Slide 4: Operations in Three Counties in California
Operations in Three Counties in Californialeaia Kern County * Approximately 3,500 acres under lease * Twenty producing wells in five producing areas * Over 20 development locations to be drilled over the next three years * Facilities in place to handle current and future production * Currently own a
Slide 5: Montcalm County, Michigan
Montcalm County, Michigan = * Daybreak owns a 14 square mile 3-d seismic survey on which we have identified two Traverse Reef Prospects. This 3-D survey supported the reef structures seen on a 2-D survey. * Prospects are shallow +/- 3,200 ft. initial production rates for wells in the area +/- 100 ba
Slide 6: Daybreak Oil and Gas, Inc.
Daybreak Oil and Gas, Inc.
Slide 7: Kern County Production Optimization Plan
Kern County Production Optimization Plan ¢ Upgrade pump sizes on seven wells. Expected results will see an increase in production with the same result as a new drill well. * Drill and Complete three development wells this year. Expected results would be an increase in gross production of approximate
Slide 8: Improving Operating Cost in Contra Costa County
Improving Operating Cost in Contra Casta County
Slide 9: West Brentwood, Contra Costa County
West Brentwood, Contra Costa County * Converting Shut in Well to a Saltwater Disposal Well ¢ Permitting in Progress. * Current operating cost of approximately $58 per barrel which will be reduced to approximately $30 per barrel by not having to haul saltwater to a third party disposal site. Expected
Slide 10: Increasing Production and Improving Operating Cost
Increasing Production and Improvin Operating Cost
Slide 11: Burnett Lease
Burnett Lease Dey * Converting Shut in Well to a Saltwater Disposal Well ¢ Permitting in Progress. * Current operating cost of approximately $50 per barrel which will be reduced to approximately $18 per barrel by not having to haul saltwater to a third party disposal site. Expected result will be in
Slide 12: Doud Lease
Doud Lease Cal * Drill and Complete high impact development well. Expected results would be to increase production and cash flow. ¢ Work over and recomplete four shut in wells. Expected results would be to increase production and cash flow.
Slide 13: Combined Company Oil Reserves
Combined Company Oil Reserves | , May 31, 2022 a Daybreak Oil and Gas, Inc. BOE FNR Undisc PV@10% Daybreak Reserves Proved Producing 117,844 S$ 3,577,154 S 1,930,288 Proved Undeveloped 399,311 12,182,157 4,261,656 Total 517,155 $15,759,311 $ 6,191,944 Reabold Reserves Proved Producing 246,896 S 11,8
Slide 14: Significant Growth Potential
2,000,000 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 mammal Net Income Before G&G, D&A and G&A KR Total Sales Revenue =m@—e Total Sales Volume (BbIs) Significant Growth Potential Enid 30,000 Conclusions * Significant projected 10,000 growth potential in volume
Slide 15: Appendix
APPENDIX
Slide 16: Improved Balance Sheet
Improved Balance Sheet DAYBREAK OIL AND GAS, INC. Consolidated and Condensed Balance Sheets As of November 30, 2021 and May 31,2022 Daybreak Daybreak As of As of November 30, 2021 May 31, 2022 ASSETS CURRENT ASSETS: Cash and cash equivalents $s 17,392 s 1,159,469 Accounts receivable and other curent
Slide 17: Projected Earnings and Cash Flow
Projected Earnings and Cash Flow Daybreak Oil and Gas, Inc. ‘Combined East Slopes and Reabold ‘Statements of Operations - Unaudited For the Fiscal Years Ended February 28, 2025 Year Ended Year Ended Year Ended Three Fiscal February 28, 2023 February 29, 2024 February 28, 2025 Year Total NET SALES VO
Slide 18: Management
Management James Westmoreland President and Chief Executive Officer Bennett Anderson Chief Operating Officer Karol Adams Chief Compliance Officer and Corporate Secretary Bobby Greer Director of Field Operations
Slide 19: Corporate Essentials
Corporate Essentials OTC Markets: PINK Current Information Ticker Symbol: DBRM SEC Reporting Status: SEC Fully Reporting Company State of Incorporation: Washington Fiscal Year End: February 28/29 Outstanding Common Shares: 384,735,402 as of May 31, 2022 Transfer Agent: Sedonda Equity Registrar & Tra
Slide 20: Contact Information
Contact Information Corporate Relations: James Westmoreland President and Chief Executive Officer 1414 S. Friendswood Drive, Suite 215 Friendswood, Texas 77546 Phone: (281) 996-4176 jimw @daybreakoilandgas.com Investor Relations: Ed Capko Phone: (815) 942-2581 edc@daybreakoilandgas.com DBRM Corporat
Slide 21: Forward-Looking Statements
Forward — Looking Statements Information set forth in this presentation (and all oral statements made regarding the subjects of this presentation) contain “forward-looking statements” (as defined in Section 21E of the Securities Exchange Act of 1934, as amended), which reflect our expectations regar
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