PEGASI ENERGY RESOURCES CORPORATION Re-development of the Rodessa Oil Field of East Texas Ouachita Rig 1 drilling the Huntington 4 well, Marion County, Texas Investor Relations Presentation October 2014
Our Mission Our mission is to employ modern drilling and completion techniques to redevelop proven reservoirs in a mature field. We are exclusively focused on a single oil field that has been relatively neglected by our bigger…
Pegasi has proven approximately 3% of its estimated total reserves and resources Oil Gas Equivalent % Total (mbo) (MMcf) (mboe) Total Proved Reserves1 758 16,719 3,544 3% Probable Reserves1 323 5,919 1,309 Possible Reserves1…
Proving Pegasis contingent resources would deliver enormous value Gross Contingent Reources (mmboe) 87 Royalty Rate 20% Net Contingent Resources (mmboe) 69 Oil Sales Value per Bbl 90.00 Gas Sales Value per MCF 3.50 Gas Sales…
Pegasi is exclusively focused on the redevelopment of the mature Rodessa Oil Field of East Texas Background Location and Regional Context The Rodessa Field located in East Texas has been Focus Area within the producing oil and gas…
Pegasi employs new drilling and completion techniques to develop proven reservoirs in the Rodessa Oil Field Rodessa Mineral Formation Stratigraphy N * * S Pegasi is focused on 2 development programs: Split Point Rodessa Structure…
Shallow development program: Pettit, Travis Peak & Cotton Valley Cotton Valley D Isopach/Structural Development Approach Map of Pegasi Acreage Historical wells in the field have proven the Pettit & Travis Peak to be gas condensate…
Deep development program: Bossier & Cotton Valley Lime Development Approach Pegasi Acreage Morse Beta Bossier A, B, C, D sands and the Cotton Valley Lime Well Anadarko are extensive over 225,000 acres in the Rodessa Estimated…
Our Beta Test Well confirmed the viability of Pegasis deep development program In 2012, Pegasi completed a scaled down test well, the Morse 1-H which was the first horizontal well targeting the Bossier/Cotton Valley Lime formation in…
Major operators are active in the surrounding area Major operators are active all around Pegasis project area; however they have not been active in the Rodessa Oil Field due to the difficulty in aggregating acreage, which Pegasi has…
Competitor Activity Anadarko (per www.anadarko.com, March 4, 2014 Investor Presentation) - Has over 200,000 Net acres in E Texas/N Louisiana - Planned to operate 5 rigs and drill 60 wells in 2014 - Achieved EUR of 1.1 MBOE per well -…
Pegasis Management Team Michael H. Neufeld President & CEO Mr. Neufeld, 64, worked as a professional Geologist in the Gulf Coast, Louisiana and Texas for Pennzoil Company, American Resources Company, Hunt Oil Company and as Senior…
Pegasis Investment Proposition Proven management team that has drilled over 300 wells in Texas and Louisiana Management team has been Cycle Tested successfully building and selling for 100 mm a similar re-development project proximal…
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