Executive Summary COIL: An Exploration & Production Company Focused on California The Next Great California Independent Simple Capital Structure (OTCQB: COIL) 30.9MM shares issued (35.4 MM including vested options and warrants)…
Project Indian: Drilling January 25, 2014 4
Project Indian: California Heavy Oil Background The Majority of California Oil Production is Heavy Heavy oil characterized as less than 18 degrees API, immobile without stimulation Thermal recovery (steam injection) is the primary…
Project Indian: Overview 688 acres under lease from OXY in San Benito County Analogous to North San Ardo oilfield o Discovered by Chevron in 1950 o Re-discovered by CEO in 2005 with Salinas Energy Shallow heavy oil 11-17 degree API…
Project Indian: Structure Contour Map 7
Project Indian: Cross Section S N 8
Project Indian: Electric Log Of Indian 1-15 Well 9
Indian Oil Field: Ideal Thermal Recovery Opportunity Phase I: CAPEX 500k 1-well pilot cyclic steam project PG&E Power 469-foot well logged 100-foot oil column Perforated 14 feet 382-396 Well currently producing 5-7 bbls/pd 11.6…
Project Indian: Phase II Development Timeline Long Lead Items Next 12 months Expected Time Item Cost in Months Environmental Impact Report 9-12 250k Order Steam Generator 9-12 1.5MM Construct Natural Gas Pipeline 6 250k Heated…
Yowlumne Yowlumne Area 3,000 gross acres leased by Citadel Exploration. 12
Yowlumne: Overview Recent Activity, Prolific Production & Family Historic Success AREA OF FOCUS 2-26 3000 Acres gross YOWLUMNE Discovered 1974 100MM BOE Recovered Currently Vintage (OXY) LANDSLIDE Family discovered…
New Exploration Near Yowlumne 2 miles 318X-127 Spud 11/26 OXY Vintage (OXY) 374M-18 2.2 miles from 2-26 COIL 2-26 12,500 completed well Ready for stimulation & testing 120 Acres 100% NWI CVX BRY CENTURY 28-12.2 8…
Yowlumne: Mud Log 15
Yowlumne: Summary Key Takeaways Well 2-26 (100% WI) work-over and/or stimulation candidate in 4Q14 o Estimated CAPEX 250k 2 exploration prospects 12,000-14,000 ft o Citadel 80% WI and operator o CAPEX 2014/2015: 10MM (gross) o…
Investment Summary Four Generations of California Oil Expertise 100 identified prospects generated with 2D, 3D and well control data California Renaissance Opportunity Premium pricing vs. WTI Increasing investment from large…
Contact WHATS OLD IS NEW Headquarters: Geologic Office: 417 31st St. Unit A 408 Bryant Circle Newport Beach, CA 92663 Ojai, CA 93023 949-612-8040 805-910-5369 Phil McPherson, CFO Armen Nahabedian, CEO pjmcitadelexploration.com…
Loading...
