CORPORATE OVERVIEW Enercom The Oil and Gas Conference August 20th, 2015 CONFIDENTIAL
Agenda 1. Overview of Caerus 2. Investment Strategy 3. Caerus Companies 1. Caerus Operating LLC (Piceance) 2. Caerus Resources LLC (NE Extension of DJ Basin) 3. Caerus Energy LLC (newly financed acquisition co.) 4. Conclusions…
OVERVIEW OF CAERUS CONFIDENTIAL 4
Overview of Caerus A N SC H U T Z IN V E S T M E N T C O M PA N Y About Caerus Oil and Gas LLC: Principles and Management Website: www.caerusoilandgas.com David H. Keyte Chairman and C.E.O. About the name: Greek god of…
Caerus Snapshot 3 Companies Caerus Operating LLC Caerus Resources LLC Caerus Energy LLC 1 2 3 Rockies Focused Gas Company DJ Basin Focused Oil and Liquids Rich Gas Focus Formed in 12/2009 Northeast Extension of the Mandate…
Inception to Date Track Record Production 6/30/2015 Year to Date Results: Production of 77.4 MMCFED was up 53% over the same period last year Revenues, including the effect of hedges, MMCFED were up 33% over the same period…
INVESTMENT STRATEGY CONFIDENTIAL 8
Investment Approach Acquire conventional natural gas and oil reserves through asset or corporate acquisitions or mergers Target assets that provide adequate rate of return on PD reserves and have substantial PUD and probable…
NE Wattenberg Extension CAERUS RESOURCES LLC CONFIDENTIAL 12
NE Wattenberg Land Position Total Position Gross Acres: 54,185 Net Acres: 25,559 Average NRI: 80% Fee Acreage: 99% HBP: 19% Extremely low population density Position History Original entry purchased from PDC in 2/2013…
Land Acquisition Strategy Successful wells along consistent resistivity trend from the Greater Wattenberg Field to East Pony and Redtail N Early development activity by PDC Energy confirmed Niobrara B productivity on Caerus…
Continuity of Niobrara on Caerus Acreage CROSS SECTION ANALYSIS ACROSS CAERUS ACREAGE Cross Section from Wattenberg through Caerus acreage to Redtail Niobrara A Bench: Porosity and gross thickness increasing to the N north.…
Offset Operator Activity Red Hawk Petroleum Carrizo Oil & Gas Staudinger 1-31H Hemberger 2-26-34-8-60 428 Boepd 659 Boepd Carrizo Oil & Gas Carrizo Oil & Gas Pergamos 3-44-7-60 Bob White 36-44-8-62 444 Boepd 467 Boepd Red Hawk…
Niobrara Horizontal Activity Over Time 2010 2011 2012 Caerus Entry into the basin 2013 2014 2015 There has been a steady increase of offset operator activity with significant activity encroaching on Caerus acreage from…
NE Wattenberg IPs v. Time CONFIDENTIAL 18
Single Well Economics 1 Mile Lateral Production Profile 100,000 Niobrara B (280 MBOE) IRR 5 YR STRIP FLEX BY % - OIL (/BBL NYMEX) 12% -15% -10% -5% 0% 5% 10% 15% 20% 10,000 3,200 8% 11% 14% 17% 20% 24% 28% 33% 3,300 7% 10% 12%…
Caerus Resources 5 Year Financial Model 1P Reserves (MMBOE) Production Profile (BOEPD) Financial model is driven by 18,000 70 initial 1 pad (4 well) 16,000 development on 640 acre type 60 14,000 curve, with all subsequent wells…
Conclusion Caerus Summary Caerus has three focused companies, each with a targeted strategy to acquire and exploit assets in their key development areas Caerus Operating (1) a Rockies natural gas producer Caerus Resources (2) a world…
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