Sleeping Giant Gas Project Primer North Dakota, USA June 2014 Tim Hoops Managing Director tim.hoopsstrata-x.com www.strata-x.com
Executive Summary Sleeping Giant Gas Project Large Biogenic Gas Potential at shallow depths Large Structural accumulation Excellent reservoir properties Analog field has reserves of 157 Bcf EUR(1), 640,000 Mcf per well on 160 ac…
Elements Needed for a Commercial Biogenic Gas Accumulation Required Geologic Element Sleeping Giant Geologic Attributes Reservoir Can be thought of as a storage Upper Cretaceous Niobrara Formation with tank and is measured in units…
Reservoir Niobrara Formation and equivalents Production from similar aged formations in Saskatchewan and Alberta exceeds 70 Tcf(1) Production from Colorado, Kansas and Nebraska exceeds 1 Tcf from over 2,500 wells Upper…
Reservoir Niobrara Formation Chalk and Marlstones Chalk is similar to While Cliffs of Dover The Niobrara is a chalky marlstone that is made up calcium carbonate coccoliths formed from single cell algae At shallow depths these…
Structure Regional Mapping Magnetic Basement Map Utilizing over 150 data points combined with geophysical measurements delineate the 2,500 km2 regional structure Indication of natural fracturing on structure 7
Source Niobrara Marlstones Cores in the area show the Niobrara to be very organically rich. TOC values over 7 have been recorded in the immediate area Avg. TOC values of 4.5 Values greater than 2 considered favorable 8
Indication of gas in the Niobrara Gas flare from regional off-structure test Gas has been tested down dip on flank of structure Gas shows on mudlogs Gas odor Crackling of samples gas escaping Gas indication on electric well…
Shallow Exploration Target Formations Williston Basin Cretaceous Petroleum System Primary exploration target - Niobrara Approximate depth of 1,300 feet Secondary exploration targets: Pierre Greenhorn/Belle Fourche Secondary…
Niobrara Analog Area Niobrara Colorado, Kansas, Nebraska 2,500 producing wells Ultimate reserves over 1.5 Tcf Same geologic conditions as the Sleeping Giant area Analog - Beecher Island Economics Over 100 Bcf produced to…
Analog Beecher Island Type Curve (1) Mcf/Month Wells are typically stimulated with 100,000 pounds of sand with nitrogen assist (1) Report dated 18 May 2010 by Mr. Walt King, registered Colorado Petroleum Engineer, for the…
Analog - Beecher Field: Economic Assumptions (1) USD/Mcf Reserves per well: .64 Bcf per 160 acres Spot Price: 4.62 (Forward Strip Jun 17, 2014) Capital Costs: 250,000/well .39 Royalty expense: 17.5% .81 Tax: zero first 2…
Project Summary Large Regional Structures controlling potential shallow gas accumulation Multiple Exploration targets shallow gas and deeper oil Gas produced from flanks of structure Primary Target Niobrara Fm.- Extensive producer…
Supplemental Material 15
Definitions In this document, the abbreviations set forth below have the following meanings: Oil and Natural Gas Bbl barrel Bbls barrels Mbbls thousand barrels MMbbls million barrels Mcf thousand standard cubic feet MMcf million…
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