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JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc.

Recovery Energy, Inc. · Jun 26, 2013 · 24 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. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 1
    Corporate Presentation June 2013 recoveryenergyco.com
  2. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 2
    Corporate Overview Exchange / Symbol: NASDAQ: RECV Shares Issued / Out: 18.7 MM Market Cap: 30 million Company Headquarters: Denver, CO Proved Reserves: 419 MBOE* Current Net Production: 200 boepd Net Leasehold: Approximately…
  3. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 3
    Recent Developments Implemented numerous cost saving measures at the beginning of 2013 Initiated process of re-evaluating operations, production and drilling prospects Completed debt restructuring in April Modified terms of…
  4. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 4
    Executive Summary DJ Basin Oil DJ Basin concentration--focus on oil and liquids rich prospects Substantial Leasehold Position Approximately 120,000 net acres in DJ Basin Average working interest 85% Substantial contiguous acreage…
  5. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 5
    Lease Holdings Profile SE Hartville 12,000 net acres Stateline Approximately 120,000 net acres with 53,500 net acres Codell, Niobrara and other unconventional and conventional resource Pine Bluffs potential 30,450 net acres…
  6. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 6
    Drilling & Development Focus Up to 50 million capital program with resource potential exceeding 3.5 million BOE net Wattenberg Prospects: low risk/high return unconventional drillinginitial program 2 Mmboe net resource potential…
  7. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 7
    INITIAL WATTENBERG DRILLING PROGRAM Two prospects, Wattenberg North is a PUD Unconventional Niobrara and Codell potential on both prospects Initial wells: 7 9 gross (3.5 net) wells to be drilled on each prospect 2.0 Mmboe net…
  8. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 8
    Wattenberg Recovery Wattenberg Recovery Acreage Gas Production Oil Production Cheyenne WY NE CO Wattenberg North Horizontal Production Recovery Wattenberg Production (maximum monthly boe) Codell lateral Niobrara…
  9. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 9
    Wattenberg North Prospect Niobrara/Codell reserves of 350+ Mboe/well Drilling strategies include 9 initial horizontal wells; 4 25% and 5 50% WI Net resource potential from initial wells 1 Mmboe Net resource potential from…
  10. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 10
    Wattenberg South Prospect Niobrara/Codell reserves of 350+ Mboe/well Initial drilling program of 7-9 gross wells; 3.5 net wells Net resource potential from initial wells 1 Mmboe Net resource potential from full development…
  11. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 11
    Silo East Prospect Workover underway Hydraulically fracture 2 J-Sand zones, including newly opened zone Successful workover will de-risk up to 12 Silo Field offsets RECV has 50% working interest Expected results up to 0.4 Mmboe…
  12. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 12
    Silo East Prospect J-Sand, Niobrara, Greenhorn Potential Chivington Field 1976 (J2, J3) 1.38 MMBO; 0.4 BCF; 3.16 MMBW MaxMo 8,240 boe/mo MaxMo 1,276 boe/mo Golden Prairie Field 1957 (J1, J2, J3) 3.29 MMBO; 0.2 BCF; 6.70 MMBW…
  13. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 13
    Muddy J Structure CI = 10 EMD Anderson 32-2 (J2 producer, by-passed J1) LA Fee (by- CURRENT WORKOVER passed J2) Sentry 1-2 (J2 producer) EMD Anderson 34-2 (by-passed J1, J2) EMD Bode 22-11 (Niobrara producer,…
  14. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 14
    Wilke Wykert Prospect Recovery Energy 2013 recoveryenergyco.com 15
  15. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 15
    Wilke Wykert Potential Proprietary 3D Used to Explain Wykert Reservoir Distribution Wilke Drilled First Wykert Sand Well May 2012. Established Additional Wykert Potential in Old and New Fairways Over 2 Mmboe of Resource…
  16. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 16
    PUD CONVENTIONAL DEVELOPMENT PROGRAM Recovery Energy 2013 recoveryenergyco.com 17
  17. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 17
    PUD/Conventional Program Nine conventional offsets to existing production State Line Muddy J Structure CI = 500 Palm Resource potential Hanson of up to 350 Mboe Wilke Hanson offset well funded WY NE CO…
  18. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 18
    Hanson 41-26 NE NE Section 26 16N 61W Muddy J Structure CI = 10 Hanson 41-26 J1, J2 Potential Muddy J fault Hanson 42-26 70 mbo EUR sec Scheel 2-26 (1982) 180 mbo EUR 26 Scheel 26-23 99 mbo EUR Niobrara fault Hanson…
  19. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 19
    Palm Field Section 17, 20, 21 17N 58W Palm-Egle 34-17 (2008) 3036 bo Maxmo (J1) 74.3 mbo EUR 4 New Locations plus Re-Entries Palm 16 1403 bo Maxmo 70.9 mbo cum 1981-2005 (J1, J2) Niobrara fault Palm-Egle 34-17 Palm 1 810 bo…
  20. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 20
    EXPLORATION UPSIDE Recovery Energy 2013 recoveryenergyco.com 21
  21. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 21
    SE Hartville Uplift Exploration Potential High return exploration opportunities exceeding 200 Mmboe resource potential String of Silos (Niobrara / Codell / Greenhorn String of Silos unconventional; J-Sand conventional 20 Mmboe…
  22. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 22
    String of Silos: An Analog to Silo Field Similar Niobrara maturity and reservoir to Silo Field Potential for 20+ Mmboe net resource potential Needs 3D seismic delineation; seismic also used to delineate J potential Pence Ranch 5E-17…
  23. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 23
    SE Hartville Uplift Red Shale Structure CI = 500 Large Contiguous Acreage Position in Active Recovery acreage Area of Permian and Pennsylvanian Exploration/Development. Over 180 Mmboe Samson well: Potential Net Resource (1) from 15…
  24. JUNE 2013 CORPORATE PRESENTATION – Recovery Energy, Inc. – slide 24
    Summary Large development program with good mix of low risk conventional and unconventional projects Initial development program has resource potential of 3.5 Mmboe Initial development program already partially funded via private…

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