Good Oil Presentation Antares Energy Projects Northern Midland Basin September 2014
AEC Project Area Northern Midland Basin Horizontal Wolfcamp Play In Major Ramp up Slide 2 Good Oil Presentation - September 2014
Competitor Assessment of Richness Source : PDX Investor Presentation April 2014 See Note 1 for Pioneer reserves criteria Slide 3 Good Oil Presentation - September 2014
Midland Basin vs. Other Major Shale Plays Source : PDX Investor Presentation April 2014 Slide 4 Good Oil Presentation - September 2014
Current Northern Star Area Horizontals Slide 5 Good Oil Presentation - September 2014
Significant Wolfcamp A/B Results Nearby Source : PDX Investor Presentation April 2014 See Note 1 for Pioneer reserves criteria Slide 6 Good Oil Presentation - September 2014
Significant Wolfcamp D Results Nearby Source : PDX Investor Presentation April 2014 See Note 1 for Pioneer reserves criteria Slide 7 Good Oil Presentation - September 2014
Northern Star Horizontal Drilling Scheme Slide 8 Good Oil Presentation - September 2014
Southern Star HBP & NESS Project Recent Wolfcamp A Horizontal Results & Activity Slide 9 Good Oil Presentation - September 2014
Athlon Wolfcamp A Type Curve & Sensitivity Cases Source : Athlon Barclays September 2014 Investor Presentation See Note 2 for Athlon reserves criteria Slide 10 Good Oil Presentation - September 2014
Project Area Horizontal Summary Northern Midland Basin recoverable shale resource 75 BBOE (Pioneer estimate) Pioneer Sweetspots in Midland Basin Wolfcamp A, B, and D (79% of recoverable estimate) Northern Star 13+ Wolfcamp B/D…
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