PEGASI ENERGY RESOURCES CORPORATION Re-development of the Rodessa Oil Field of East Texas Investor Relations Presentation - June 2015
Our Mission Our mission is to employ modern drilling and completion techniques to redevelop proven reservoirs in a mature field. We are exclusively focused on a single oil field that has been relatively neglected by our bigger…
Pegasi has proven approximately 4% of the estimated total recoverable reserves and resources on its leased acreage Oil Gas Equivalent % Total (mbo) (MMcf) (mboe) Total Proved Reserves1 673 12,161 2,700 4% Probable Reserves1 421…
Pegasi is exclusively focused on the redevelopment of the mature Rodessa Oil Field of East Texas Background Location and Regional Context Exclusively focused on the redevelopment of Focus Area within the proven productive formations…
Pegasi employs new drilling and completion techniques to develop proven reservoirs in the Rodessa Oil Field Rodessa Mineral Formation Stratigraphy N * * S Pegasi is focused on 2 development programs: Split Point Rodessa Structure…
Our Beta Test Well confirmed the viability of Pegasis deep development program In 2012, Pegasi completed a scaled down test well, the Morse 1-H, which was the first horizontal well targeting the Bossier/Cotton Valley Lime formation in…
Cornerstone Crude Oil Well Economics are Robust 50 Oil Single HZ Well Economics: 10,000ft Depth, 22 stages to perforate Bossier formation, Cass County, Texas Assump&ons Output Scenario Base Nominal Discounted 10% Discount Rate…
Horizontal Well Economics: Projected IRR of the 22-Stage Development Well 160% 140% 120% 100% IRR 80% 60% d u ctivity Pro Base ase : 80% 40% ior C Infer 20% 0% 30 40 50 60 70 Oil Price (/BBL) 9
Major operators are active in the surrounding area Major operators are active all around Pegasis project area; however they have not been active in the Rodessa Oil Field due to the difficulty in aggregating acreage, which Pegasi has…
Competitor Activity Anadarko (per www.anadarko.com, March 4, 2014 Investor Presentation) - Has over 200,000 Net acres in E Texas/N Louisiana - Planned to operate 5 rigs and drill 60 wells in 2014 - Achieved EUR of 1.1 MBOE per well -…
Pegasis Investment Proposition Proven management team that has drilled over 300 wells in Texas and Louisiana Management team has been Cycle Tested successfully building and selling for 100 mm a similar re-development project proximal…
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