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ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc.

Recovery Energy, Inc. · Jun 26, 2012 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 1
    Global Hunter Securities Presentation Annual GHS 100 Energy Conference June 26, 2012 recoveryenergyco.com
  2. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 2
    Corporate Overview Exchange / Symbol: NASDAQ: RECV Shares Issued / Out: 17.7 MM Company Headquarters: Denver, CO Net Leasehold: Approximately 125,000 Net Acres Average Working Interest: 90% Location / Counties: NE - Banner,…
  3. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 3
    Executive Summary DJ Basin Oil Experienced Management Team Over 80 years of experience in the DJ Basin Current Production and Opportunities 35 operated wells with current production of approximately 300+ BOE/d* 80+ lower-risk…
  4. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 4
    Shell Oil Baldwin 1: Comp Date: 09/1958, Permo- DJ BASIN DRILLING & JV ACTIVITY Penn Potential, Ro: .69-.89; TOC: 2-12% Black Hills E&P Roberts State Draw 21-16-27-6: Continental Oil Co. Parsons 1 : Comp Date: Spud Date: 08/2011,…
  5. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 5
    Geologic Overview Multi-Horizon Prospective Formations Niobrara : Burgeoning new resource play seeing significant drilling activity in numerous areas. Hybrid shale/carbonate reservoir deposited in deep marine environment with areal…
  6. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 6
    CONVENTIONAL PRODUCTION / OPPORTUNITIES Recovery Energy 2012 recoveryenergyco.com 7
  7. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 7
    Conventional Opportunities J Sandstone Modernization of J Sand Play Expansion of historical fluvial facies exploration into marine facies using current frac technology Utilization of 3D seismic resulting in continuing new field…
  8. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 8
    Conventional Opportunities Wykert Sandstone Extension of Existing Wykert Production Along Trend Eolian sandstone facies producing along stratigraphic pinch-out 3D seismic structure corrected for velocity in overlying anhydrite…
  9. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 9
    2012 Conventional Drilling Program Stateline Prospect Area Wilke/Vrtatko Prospect Area Pine Bluffs Prospect Area WY NE Recent Muddy-J discoveries Prospect first-well locations Recovery Energy 2012 recoveryenergyco.com…
  10. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 10
    Conventional J Sand Economics Gross (8/8ths) Well on 40-Acre Spacing WI=100%, NRI=80% Oil price constant 70/bbl OPEX=4000/month, Severance Tax 6.6%, Advalorem Tax 6.8% Three IP/EUR cases considered as noted below Range of CWC CAPEX…
  11. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 11
    MULTI-HORIZON UNCONVENTIONAL OPPORTUNITIES ACROSS THE DJ BASIN Recovery Energy 2012 recoveryenergyco.com 12
  12. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 12
    Multi-Horizon Unconventional Prospective Formations Niobrara: New resource play seeing significant drilling activity in numerous areas. Hybrid shale/carbonate reservoir deposited in deep marine environment with areal variations in…
  13. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 13
    LIFE CYCLE OF A RESOURCE PLAY Discovery, immediately followed by Irrational Exuberance: All the worlds a sweet spot Over-correction of the initial over-reaction, including public over- statements about the spotty nature of the…
  14. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 14
    RECENT HZ PERMITS Red Cloud SHOWN WITH RECOVERYS 10,000 net acres ACREAGE Chugwater Stateline 14,500 net acres 53,500 net acres Wilke/Vrtatko Pine Bluffs 14,200 net acres 30,460 net acres Wattenberg 1,200 net acres…
  15. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 15
    Fault Map of Wattenberg Field Area NIOBRARA TECTONICS AND FRACTURED RESERVOIR Optimization of Niobrara Production Must Account for Natural Fractures Recovery Energy Maintains that Natural Fracture Effects Cannot be Avoided,…
  16. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 16
    Significant Niob shows Silo Field Herrington Farms, 2/11 Atlas, 3/10 Undiscovered Silo State, 9/10 Simray State, 10/10 Niob faults (blue donuts) Jake, 10/09 WY NE CO Hereford Field Fracture-Dominated…
  17. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 17
    Herrington Farms and Similarity of Recovery Asset to Silo Same Geologic Properties and Tectonic Framework, PLUS SHOWS HERRINGTON FARMS ATLAS 1-19 SILO STATE 41-22 SIMRAY STATE Niob OTS during bit trip, 2010 Niob flowed…
  18. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 18
    Herrington Farms and Similarity of Recovery Asset to Silo Same Geologic Properties and Tectonic Framework, PLUS SHOWS HERRINGTON FARMS ATLAS 1-19 SILO STATE 41-22 SIMRAY STATE Niob OTS during bit trip, 2010 Niob flowed…
  19. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 19
    Conclusions/Hypotheses Geologic Variability in Niobrara Oil Sub-plays Natural Fractures are the Single Most Critical Component of Successful Niobrara Oil Production for All Reservoir Types Including Proven Calcareous Mudstone…
  20. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 20
    Niobrara Activity 5 DEFENDER DEVON DJ BASIN NIOBRARA CHUGSPRING Recovery Energys DRILLING/PERMIT ACTIVITY Overall Approach (HORIZONTAL WELLS/PERMITS AS OF 3/1/2012) 1 1 Conventional Development MARATHON (J) plus…
  21. ANNUAL GHS 100 ENERGY CONFERENCE – Recovery Energy, Inc. – slide 21
    2012 DRILLING PROGRAM 12 16 Well Conventional Drilling Program on 4 - 6 Prospect Areas 2 wells drilled: Hanson 42-26 (J Sand-Pine Bluffs Area), and Lukassen 44-7 (Wykert Sand-Wilke Area) Spudding 3 additional wells Stateline area and…

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