INCREMENTAL OIL and GAS (asx: IOG) EXCELLENCE in OIL & GAS 12 MARCH 2014 www.incrementaloilandgas.com Page 1
INCREMENTALS BUSINESS MODEL A profitable producing oil company We acquire underperforming oilfields and increase production Focus is Onshore USA Florence producing oilfield, Colorado (100% WI) Round Mountain producing oilfield…
IOG CAPITAL STRUCTURE Listed January 2011. 486 shareholders 156.2m shares (Directors and management 37.3%) 97.5m unlisted options1, 2 Market cap 10 million US3m Debt Extracted 1m of costs in 2013 m 2010 2011 2012 2013…
OPERATING LOCATIONS Page 5
FLORENCE, CO FLORENCE OILFIELD DENVER Page 6
ALL HISTORIC PRODUCTION (15 million bbl) SHALLOW FRACTURED SHALE Jurassic & older
SHALLOW FRACTURED SHALE POTENTIAL First two IOG wells drilled are not great, but lots of potential still At least six drillable targets identified Fracture zones clearly visible and mappable on seismic Page 8
NIOBRARA RESOURCE PLAY at FLORENCE FRACTURED NIOBRARA FORMATION Jurassic & older
CALIFORNIA PROJECTS NEVADA San CALIFORNIA Francisco Round Raven Pass Mountain P A C I F I Sheep Springs C Revenue (2011 TO 2013) - 34m O C E A N Pays all fixed costs of company N 0 5 100 Los 0 Angeles
ROUND MOUNTAIN Recently Re-assessed potential Two simple workover have added 25 bopd 10 wells drilled on adjacent leaseall appear to be economic Geology appears to be the same in IOG lease Plan to drill at least two wells in 2014…
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PRODUCTION RESULTS ADJACENT LEASE
From left: IOG TEAM Cronin: No 2 in Woodside (23 years) Stowell: Founder of Anvil and Mawson West, CA John Whisler MacDonald: 13 years in Senate, LLB EXEC VP USA McGann: 40 years geologist worldwide, CPG Adams: 20 years Accountant.…
MAIN DRIVER OF GROWTH JOHN WHISLER (EXEC VP, USA) VP OPS PETROGULF 2001-2008 GREW FROM MINNOW to 500m COMPANY DRILLED & COMPLETE 180 WELLS LEAD, NEGOTIATE 220m ASSET SALE, 281% ROI CEO DELEK ENERGY (USA) 2008-2012 BUILT 170m…
NEW PROJECT STRATEGY Retain existing low cost profitable oil fields for cash flow to support core operations and overheads Purchase another long life, profitable oilfield with development potential Continue to maintain positive…
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