New Gulf Resources EnerCom Conference Ralph Hill Chairman and CEO August 19, 2015
New Gulf Resources Overview History Acquired 83,000 net acres in Leon, Grimes, Madison, Walker, and Brazos Counties for 450 million from Halcon on May 9, 2014 Acquisition funded through issuance of 365 MM Senior Secured Notes and 135…
Cretaceous Targeted Zones (Johnson Ranch and Bedias) Multi-zone stacked pay concept similar to the Permian Basin Horizontal or Vertical Target Oil/Gas Vertical Horizontal Mix Austin Chalk Cretaceous Upper Sub- Clarksville…
Regional Activity Update 167 Permits issued in last 90 days NGRs Johnson Ranch Acreage intertwined with Apaches Area A for Eagle Ford play NGRs Bedias Creek acreage intertwined with Credit Suisses Zone of Certainty concept for EOG 5
Overview of Bedias Creek Summary MADISON 55,000 gross / 34,ooo net acres, 100% Operated Flyswatter 330 square miles of high quality 3-D seismic over area 65% working interest Currently picking up additional 25% as our working…
Overview of Johnson Ranch Summary 21,300 gross/18,200 net acres. 100% operated Eagle Ford is primary target, 400+ potential locations Potential production from the Wilcox, Austin Chalk, Sub-Clarksville, Woodbine, Buda, Georgetown,…
Johnson Ranch Eagle Ford Activity Apache completes 4th successful Johnson Ranch offset NGR drills initial Eagle Ford lateral (Fiveland 1H) Eagle Ford Two to Four Month Cum Bubbles NGR Fiveland 1H Apache Millhouse Unit 5 Permits…
Key Takeaways Halliday Field provides base level of production with potential upside Successfully finding and producing hydrocarbons in Bedias Creek We believe we have a significant multi-zone comingled vertical resource play Upside…