Blacksands Petroleum UNLOCKING VALUE IN THE NORTHERN PERMIAN (MIDLAND) BASIN October 2013 Corporate Presentation BSPE (OTCQB) www.BlacksandsPetroleum.com
SAFE HARBOR STATEMENTS EXCEPT FOR LIMITED HISTORICAL INFORMATION, THIS DOCUMENT CONSISTS OF FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS REGARDING EVENTS, FINANCIAL TRENDS, OPERATING RESULTS,…
Company Overview Overview Key Metrics Northern Permian Basin Spraberry/ Stock Symbol: BSPE Wolfcamp Field Pure Play, Oil Focused Shares Outstanding: 16.4 MM Sound Financial Structure Supported by Cash Flow from Oil & Gas…
Spraberry/Wolfcamp Field in Permian Basin is 2nd Largest Oil Field in The World Total Recoverable Resource (Billion Barrels of Oil Equivalent) Source: Dallas Business Journal, June 3, 2013 3 l BLACKSANDS
Spraberry/Wolfcamp is Largest Oil Field in U.S. Estimated Recoverable Resource (Billion Barrels of Oil Equivalent) Source: Dallas Business Journal June 3, 2013 4 BLACKSANDS
Permian Basin Facts Second Largest oil producing basin in U.S. Comprised of 3 Basins (Delaware, Central Platform & Midland Basin) Canvasses SE New Mexico and W. Texas (250 miles wide and 300 miles long) Multiple proved producing…
Blacksands Highlights Acres: Approximately 8,700 gross (5,450 net acres) Locations (Vertical): 217.5 gross locations on 40 acre spacing (126 net locations) Upside: Horizontal potential in Upper/Lower Wolf Camp, Cline Shale…
The Emerging WolAerry Trend in the Midland Basin The term Wolfberry trend is used to characterize the completion method of perforating, fracture stimulating and comingling for production, the various Spraberry, Dean, Leonard Lime,…
Advantages of the Wolfberry Play Vertical Wells: Multiple Comingled Object Infrastructure Located in existing Oil and Gas Fields (Midland Basin). Oil and Gas operations currently exist Long production life Downsizing proration…
Robust WolAerry Vertical Well Economics Oil Rate: 60 Barrels of Oil Per Day* Gas Rate: 30 MCFD Decline Rate: 30% Year 1 Drill & Complete Cost Vertical Well to 9300 Feet: 2.1 MM Payout: 17 Months * Per Well…
APCLARK FIELD Borden County, Texas Permian (Midland) Basin Wolfberry/Cline Shale Resource Play BLACKSANDS 10
APClark Field Productive Permian Basin Target Zones Total: 116,515 gross; 59,900 net Held by Midland Basin Proved Reservoirs Produc9on Core Blacksands Acreage Midland Basin, West Texas -8,700 gross; 5,450 net 11…
Blacksands and Northern Permian Basin Takeaways Oil Production growth in Permian Basin is expected to exceed growth rate of all onshore U.S. basins* Low-risk repeatable development of proven zones Permian Basin pure play with…
Appendix 13 BLACKSANDS
Permian Basin Compares Favorably to Other Major U.S. Oil Shale Plays Major U.S. Oil Shale Play Characteristics Attribute Units Wolfcamp Cline Bossier Eagle Ford Bakken Upper Middle Lower Age Permian Permian Permian Pennsylvanian…
Spraberry/Wolfcamp Production History Vertical and Horizontal Wells Spraberry/Wolfcamp Production History 500,000 20,000 Includes Vertical and Horizontal Wells 450,000 18,000 400,000 16,000 350,000 14,000 Producing…
Permian Basin Geology 17 BLACKSANDS
Blacksands Acreage Position In The Permian Basin 18 BLACKSANDS
Borden County Operators Apache Pioneer Occidental Devon Concho EOG Berry Red Willow Apclark Field SM Energy Linn Chesapeake Approach Callon Element Laredo OBrien 19 BLACKSANDS
Wolfberry Fast Facts BLACKSANDS 20 Source: OilShaleGas.com 2013
PERMIAN FOUR WELL DEVELOPMENT OPPORTUNITY Borden County, Texas OBJECTIVE: Blacksands plans to drill four vertical wells, each to a total depth of 9300 (TD), in order to evaluate and complete the wells in all or some of the geologic…
Growing Midstream Infrastructure to Support Midstream Infrastructure Production Growth Gas Processing Pipeline NGL Takeaway Midkiff / Benedum / Driver to Mont Belvieu Current capacity: 460 MMCFD1 Chaparral & West Texas PXD…
Blacksands Petroleum Corporate Office: 25025 I45N, Suite 410 The Woodlands, Texas 77380 Operations & Mailing Address: 800 Bering, Suite 250 Houston, Texas 77057 Contact: Bruno Mosimann Telephone: +41-79-419 44 27 Facsimile:…
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