3 Company Profile NYSE MKT: EPM Vital Statistics Texas/Gulf Coast Focus Overview (Fiscal Year End June 30) Shares Outstanding (3/31/2015) (a) 32.9 MM Dilutive Securities (3/31/2015) 0.1 MM Fully Diluted Shares (3/31/2015) 33.0…
4 RECOVERING MORE OIL NYSE MKT: EPM Generating Returns for Shareholders How We Allocate Capital Applying Innovative Engineering The engineering must be understandable and economics make sense To Generate Cash Flow to Into…
5 Investment Considerations NYSE MKT: EPM Financially Strong and Shareholder Friendly High Quality Asset Base Extremely Long-Lived Production (40 Years for Delhi) Solid, Debt-Free Balance Sheet Competitive Dividend Yield…
Long-Lived Foundation Oil Resource
7 Delhi Field NYSE MKT: EPM CO2 Enhanced Oil Recovery Asset Huge Resource Delhi Field EOR Project Development 418 MMBO of Gross Original Oil In Place 192 MMBO Production Prior to EOR Project, 5+ MMBO Since Current…
9 High Value Interests NYSE MKT: EPM Delhi Field Interest Profile 7.4% 7.4% of gross revenues Royalty No CapEx Interest or OpExever 26.4% Net Revenue Interest 23.9% Reversion occurred Working Nov-2014 Interest & Bears…
11 High-Quality Reserves NYSE MKT: EPM High Developed Content & Low Cost Development 7.07 Per BOE Remaining 2P Development Cost Developed Reserves as Percent of Total by Classification 100% 90% 80% 70% 60% 50% 40% 30% 59% 55%…
12 NGL Recovery Plant NYSE MKT: EPM Major Growth Catalyst Captures C3+ NGL Production By Projected 2,000+ BLPD Improve CO2 Flood Efficiency and Expected Oil Rate Methane Gas Recovery to Power Plant and Existing Facilities,…
13 Building Momentum NYSE MKT: EPM Delhi Field Development Plan Multiple Projects To Build Expand CO2 Flood to Long-Term Additional Value Expand CO2 Thinner Flood to Intervals Eastern Half of Delhi Field Install NGL (Price…
Patented Technology for Recovering More
15 GARP Recovers More Oil NYSE MKT: EPM Patented Solution PROBLEM: Industry losing economic value and large quantities of reserves and production as horizontal and vertical wells are impacted by liquid loading and increased…
16 GARP Recovers More NYSE MKT: EPM Development Path Path to Commercialization Established Industry Accepted Early Solution Analyze Results Adoption & Adapt to Meet Pilot Industry Needs in Small Casing and Programs…
Well-Positioned to Endure and Capitalize
18 Liquidity and Investment NYSE MKT: EPM Shareholder Friendly Common 0.20 Per Dividends Common Share 23.4 MM Liquidity (March 31, 2015) 21.6 MM Returned Preferred Dividends 674K per Year to Shareholders Unsecured…
20 Hedging Program NYSE MKT: EPM Capital Budget Protection Two-Thirds Estimated Production Covered Floor Ceiling Time Period Volume (BOPD) (/BBL) (/BBL) July Dec 2015 550 54.00 66.50 July Dec 2015 550 56.00 61.60 Total…
22 Summary NYSE MKT: EPM Recovering More, Generating Returns Accretive Growth Delhi Field Production Increasing From Ongoing CO2 Flood Development Low-Cost Reserves Additions and Upgrades Installation of NGL Recovery Plant at…