Corporate Presentation June 2015 For discussion purposes only and does not constitute an offer to sell Past performance is not indicative of future results Actual production may not be as projected
Business Overview For discussion purposes only and does not constitute an offer to sell Past performance is not indicative of future results Actual production may not be as projected
Strategy Target Fractured and Dislocated Markets Long-Life Conventional and Unconventional Oil Assets Bring Modern Development Technology to Legacy Producing Fields Repeatable and Consistent Acquisition and Development Strategy…
Creating Value Through the Cycle: Acquisition Focused o While other companies simply manage through the historical oil price downturn, Jericho has shifted its focus from drilling and development to: o Aggressively creating shareholder…
Company Overview Oil-focused o Jerichos strategic focus 20142014Highlights Highlights o Jericho looks to is based on purchasing o Production Growth of 152% opportunistically and developing o Proved Developed Reserves Increased 311%…
Portfolio of Shallow Assets for Long-Term Growth Gas - 4% Oil - 96% East Kansas - Cherokee Basin 3,750 Acres NE Oklahoma -Cherokee Basin 124 Gross BOPD 4,350 Acres 90 Gross BOEPD - Current Operations Includes…
Impact Acquisition Building on Core NE Oklahoma Platform Strategic Rationale for Recent Acquisition from Chaparral Energy o Taking Advantage of Low-Price Environment o Acquiring Inexpensive Production, Reserves and Cash Flow o…
Impact Acquisition Building on Core NE Oklahoma Platform Transaction Details o All Cash Transaction of 1.525 Million (762k for Jerichos 50% WI) o 1Q 2015 Average Gross 100% WI Production: 72 BOEPD (93% Oil, 7% Gas) o 66% Increase in…
Current Operational Highlights Q1 2015 Gross Production Jerichos 2014 YE Reserves Breakdown First Oklahoma Acquisition (March 15) 3,539 26% PDP 3,125 Barrels of Oil Per Month 3,500 Probable 38% 2,702 3,000 4% PDNP 2,500…
Demonstration of Capital Efficient Strategy Jericho deployed 6 million on acquisitions and development in 2014 creating unmatched value with optionality Before Tax NPV 2014 YE 0 5% 10% Reserve Category (M) (M) (M) Total Proved…
Repeatable Exploitation of Legacy Basins o Jerichos Addressable Markets & Scalable Business Model: o Failed unconventional plays where mid-majors have left behind significant, profitable production with upside vertical drilling o…
Company Timeline Oil-focused o 6.547mm unit Private o Closes 4.23mm o Phase II development: o Second platform Placement at 0.30 & equity financing at Completed 174 established with two acquires 2,600 acres in 0.50/unit and producers…
Operations Portfolio: Eastern Kansas & NE Oklahoma For discussion purposes only and does not constitute an offer to sell Past performance is not indicative of future results Actual production may not be as projected
Production Growth and Low Cash Costs Gross Monthly Oil & Gas Production First Oklahoma Acquisition (March 15) 3,854 3,539 4,000 3,553 3,298 3,125 2,818 2,851 2,702 3,000 Barrels of Oil Per Month 2,000 1,694 1,741 1,012 935…
Enhanced Shareholder Value Through Strong Per Well Economics Illustrative Economics Producer- Drilling Economics 80 / bbl Producer Injector Pair 100% Well Cost 35,000 62,000 Rate of Return % (IRR) 80% Recoverable Reserves (EUR /…
Indicative Portfolio Economics - / Barrel o Predictable Profitability o Production remains profitable in light of recent price decline o February field-level operating expenses per barrel were 14.58 o Repeatable Development…
Systematic Asset Development o Jerichos assets are mature onshore oil fields which have had minimal exposure to advances in oilfield technology and improved operating and recovery techniques o Workovers, reactivations and stimulations…
The Appendix For discussion purposes only and does not constitute an offer to sell Past performance is not indicative of future results Actual production may not be as projected
Waterflood Overview o Waterflooding is a form of secondary recovery that repressurizes the reservoir by injecting water to push oil volumes to producing wellbores o Primary recovery results from depletion of natural reservoir…
Illustrative Waterflood Response & Growth Reservoir Fill-Up ----------------------------------------------------- ------------------------------------------------------------ Start Water Injection Production Response BOPD…
Management Team o Allen Wilson President, Chief Executive Officer and Director Allen was appointed President, CEO and a director of the Company in September 2011. He brings extensive capital markets and corporate development…
Board of Directors o Allen Wilson (see management bios) o Stephen Kenwood, P.Geo. Stephen joined the board of directors of the Company in September 2011. He serves as a geological and management consultant to various public and…
Glossary of Key Terms o Reserves: Estimated remaining quantities of petroleum anticipated to be commercially recoverable from known subsurface accumulations based on the analysis of historical drilling, geological, geophysical, and…
Contact Us o Jericho Oil Corporation o Director, Acquisitions & Divestitures o Corporate Office Ryan Breen 604.343.4534 US 215.383.2434 888 Dunsmuir Street, 11th Floor CN 604.343.2726 Vancouver, BC, V6C 3K4 o Director, Investor…
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