Table of Contents Page Corporate Goal 3 Business Strategy 5 Company Overview 8 DJ Basin 12 Horseshoe Gallup Field 17 Garcia Field 23 Financial Overview 23 2
Corporate Goal Our goal is to build Diversified Resources into a premier Rockies exploration and production company with a market capitalization of 1 billion, over 1 billion of Proved Developed PV-10 and annual EBITDA of over 350…
Executive Leadership Paul Laird Duane Bacon Jubal Terry Director / CEO Director / COO Exploration Manager Over 30 years of Rocky More than 30 years Rocky Over 35 years of Mountain experience Mountain experience experience as a…
Business Strategy 5
Strategy Summary Leverage Managements Significant Operational and Exploration Experience By Acquiring Low Risk Leases and Production in areas with Significant Exploration Upside Purchase Development Leases and Production for Low…
Development Strategy Not Just a Shale Player Identify productive conventional or unconventional fields and producing properties with multiple target formations Establish Operations Plan to increase cash flow and reserves…
Company Overview 8
Corporate Overview Diversified Resources Inc. is based in Littleton, CO The Company has executed a purchase and sale agreement on acreage containing existing producing wells in the Horseshoe/Gallup Field for 6.9 million Diversified…
Investment Highlights The Timm Lease (Weld Co., CO) development acreage is within Nobles Grover Field; 640 undeveloped acres in close proximity to EOGs Jake Well which has produced over 232,000 Boe from 10/09 through 02/14; Signed…
Pro Forma Reserves Summary EUR by Category1 Reserve Notes Company well positioned to adapt development focus in Natural Gas and NGLs response to positive gas moves or to maintain current 22.6%% liquids-rich interests, as markets…
DJ Basin 12
DJ Basin Highlights The Net Acreage Players New Infrastructure Noble Energy 730,000 Over 450 Mboepd capacity takeaway capacity to come online by 2015 Anadarko Petroleum 350,000 Pony Express pipeline: 230 Mboepd capacity online in 3Q 14…
DJ Basin - Weld County, Colorado - Timm Lease Area Activity TIMM Weld County Colorado Red Tail East Pony 32 Wells/Section Source: http://investors.nobleenergyinc.com/ 14
Well Activity Timm Lease Asset Highlights Gross Acres 640 Net Acres 640 Timm Lease 30-Day HZ IP (Boepd) 203 30-Day Vert IP (Boepd) 120 Niobrara/Codell/Jsand Commingled Noble DF Ranch 1161-8-12 EUR/Well HZ Niobrara (Mboe) 205 45 Mo…
Timm Lease Development Timm Lease Horizontal IRR Timm Horizontal Type Curve 1500K / Well 1750K / Well 2000K / Well 140,000 350 700% Cumulative Production (Boe) 120,000 300 Daily Production (Boepd) 600% 100,000 250…
History and Development The Horseshoe Gallup Field was discovered in 1957 Horseshoe Gallup Type Curve with initial production rates ranging from 50 to 3,000 25,000 40 barrels per day 35 Cumulative Production (Boe) The field was…
San Juan Basin Horseshoe Gallup Regional Activity San Juan Basin Bayless 20
Horseshoe Gallup Horizontal Development Horizontal Highlights Potential Locations 80 Potential IP 300+ Bopd Cum Prod Potential 200-400 Mboe D&C / New Well (MM) 3.0 Chuza HZ Wells 21
Four Corners Platform Helium Trend Upside Potential Helium Highlights Helium Production to Date 1 Bcf Helium content 3.2-7.5% Federal Helium Price 95/MCFG Helium Production Trend Private Supplier Price 140/Mcf 22
Garcia Field 23
Garcia Field Overview Asset Highlights Garcia Field Type Curve Net Acres 4,600(95%HBP) 20,000 25 18,000 Cumulative Production (Boe) Daily Production (Boepd) 16,000 20 PUD Locations 30 14,000 12,000 15 30-Day IP (Boepd)…
Financial Overview 25
Financial Summary in Millions Revenue EBITDA 25.0 14.0 12.0 20.0 10.0 15.0 8.0 10.0 6.0 4.0 5.0 2.0 0.0 0.0 2014E 2015E 2016E 2014E 2015E 2016E Avg. Daily Production (Boepd) Capital Expenditures 900 12.0 800 10.0 700 600…
Quarterly Projections and Credit Statistics in Millions Q4-14E 2014E Q1-15E Q2-15E Q3-15E Q4-15E 2015E 2016E Daily Production (Boe / d) 180.5 47.3 279.2 393.9 770.3 751.8 547.0 837.1 Oil Price ( / Bbl) 98.1 98.1 95.4 92.9 90.8 89.1…
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