Resolute overview Market capitalization1 817.5 million Picture goes here SEC PV10 2 848.0 million Long term debt3 145.5 million Shares outstanding 61.1 million Debt to total market cap 15.1% SEC case proved reserves2 65 MMBoe…
Why invest in Resolute Oil weighted assets with organic growth potential 90% liquids Producing properties generate strong cash Williston Basin flow 34,000 net acres Shallow decline Big Horn Basin Internally funded capital program…
Property overview Resolute net daily production 8,200 8,000 Year-end 2010 SEC case1 Proved reserves: 65 MMBoe 7,800 PV10 848 million Boe per day 7,600 Year-end 2010 strip case1 Proved reserves: 78 MMBoe 7,400 PV10 1.2…
Aneth
Aneth Field properties SEC case reserves by product SEC case reserves by category NGL 11% Gas 6% PDP 37% PUD 49% Oil 83% PDNP 14% Aneth Field net daily production 6,000 Year-end 2010 SEC case1 Boe per day 5,500…
Aneth Field a giant legacy property Large field with long production history Discovered in 1956 1.5 billion Bbl original oil in place Production through 2010 was 422 million barrels (28% recovery) Recovery calculated to be 34%…
25 years of CO2 response at McElmo Creek Unit McElmo Creek Unit CO2 response 1,000,000 Monthly Volume (Bopm) 100,000 Begin CO2 injection 1/85 10,000 1-Jan-75 1-Jan-80 1-Jan-85 1-Jan-90 1-Jan-95 1-Jan-00 1-Jan-05…
Existing and new CO2 flood projects Legacy CO2 floods McElmo Creek Unit - 1985 Aneth Unit pilot - 1998 Resolute CO2 expansions Aneth Unit Phases 1, 2 and 3, started in 2008, showing increasing response Future CO2 injection…
Aneth Unit Phases 1, 2 and 3 CO2 injection and response 68 of 86 producing wells in the 2 project area have shown CO2 2 2 2 production response Three producing wells in Phase 4 are experiencing a production 2 increase…
McElmo Creek Unit Desert Creek IIC The DC IIC is a high porosity, high permeability lower subzone of the Desert Creek formation The prolific reservoir was shut-off in the 1970s because of oil/water ratios uneconomic under price…
Significant production upside and free cash flow Low risk development projects using industry standard tertiary recovery methods Potential for 85% production growth over multi-year capital program Self funding development with…
Wyoming
Wyoming Hilight Field SEC case reserves by product SEC case reserves by category Oil 13% Gas 60% PUD 21% NGL 27% PDP 57% PDNP 22% Wyoming net daily production 2,250 Year-end 2010 SEC case1 2,000 Proved reserves: Boe per…
Hilight Field growth opportunities Legacy Muddy formation field with 150 MMBoe original oil in place T47N R74W T47N R73W T47N R72W T47N R71W T47N R70W T47N R69W T47N R68W T47N R67W 45,000 acres HBP 3D survey T46N…
Hilight Field growth opportunities Significant historical oil production in the area Mowry 43 Niobrara wells production 55 Mowry wells All drilled between 1960 and 2003 3D seismic Resolute activity Devon program in progress…
Mowry oil play areas in Wyoming Big Horn and Big Horn Powder River Basins Basin Mowry play Mowry oil play areas (green) ** and Resolute acreage (yellow) Cirque and Plains *** activity ** Powder River Hilight Basin Unit *…
Big Horn Basin Mowry activity and Resolute acreage Resolute Mowry activity Big Horn Basin 70,000 net acres Mowry play One well recompleted Mowry oil play area Currently drilling the Fourteen Mile and Resolute acreage prospect Other…
Bakken
Williston Basin Bakken 33,415 net acres New Home 23,528 Paris 8,425 New Home Other 1,423 Drilling activity (gross) 16 wells drilled or drilling Two rigs drilling in New Home Plan to resume drilling in Paris during the summer…
Permian Basin
Permian production and drilling activity Midland Basin Acquired producing field New Mexico 4.6 MMBoe proved 450 Boepd (77% Midland Basin liquids) Seven producing wells, Recent acquisition multiple proved development locations…
Permian Wolfbone Type Log GR RES Wolfbone well design Vertical 12,000 ft. New Mexico 4-8 stage plug and Bone Spring perf completion 9,000 Multiple targets 3rd Bone Spring and Delaware Wolfcamp Basin Top Avalon, 1st, 2nd…
Financial Overview
Strong Balance Sheet Low leverage1 Debt to EBITDA: 1.4x Debt to total market cap: 15.1% Substantial liquidity Four year bank revolver: 330 million reserve-based credit line 145.5 million drawn as of September 30, 2011 Downside…
Resolute Investor Contacts
Resolute investor contacts HB Juengling Vice President Investor Relations (hbjuenglingresoluteenergy.com) Theodore Gazulis Senior Vice President and Chief Financial Officer (tgazulisresoluteenergy.com) Corporate Headquarters: 1675…
Quarterly prices and volumes Product prices and production volumes Quarterly data for 2010 and Q1, Q2 and Q3 2011 2010 2011 First Second Third Fourth First Second Third Average prices: Crude oil ( per Bbl) 72.38 71.53 69.76…
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