Tall City Exploration, LLC Gary Womack Vice President - Operations
Historical Track Record Startup May 2012 - Current July 2015 Tall City Exploration LLC 203 West Wall Street, Suite 600 Midland, TX 79701 (432) 218-7816 tallcityexploration.com 128
Yrs. Management Team Name/Title Exp. Professional Biography Mike Oestmann Chief Executive Officer 32 Biographies Worked 15 years with Exxon, 7 years with Titan/Pure Resources/Unocal, 2 years with Celero/Whiting in various…
TCE 1 -- Initial Business Plan May 2012 Company Formation and Business Plan Founded and funded by Denham Capital in May 2012 Initial Equity commitment of 200 MM; expanded to 300 MM Senior Debt Facility of 500 MM in place with current…
TCE 1 -- Executed Actual Business Plan To-Date -- July 2015 North Position Acquired 91,000 net acres in Wolfcamp Horizontal Play 77,000 net acres North Position: 77,000 net acres in Howard and Borden Counties, TX South Position:…
TCE 1 -- Executed Actual Business Plan To-Date -- July 2015 North Position Acquired 91,000 net acres in Wolfcamp Horizontal Play 77,000 net acres North Position: 77,000 net acres in Howard and Borden Counties, TX South Position:…
Sales Proceeds and Return on Capital (ROI) Sale of South Position (November 2014) 437 MM to American Energy Partners, LP (377 MM discounting notes to 60%) October 2015 Sale Sale of Miscellaneous North Position Acreage (Spring 2015)…
Midland Basin Horizontal Development Over Time Horizontal Wolfcamp Development Trends/Phases Overview Horizontal development was initiated in the Phase III NW Phase IV NE The southeastern portion geologic story will of the basin…
Tall Citys Wolfcamp Horz Results compared to Industry Tall City Howard Wells - 30 day IP vs EUR 1,400 Tall City Wolfcamp A Tall City Wolfcamp B Tall City_Spraberry LShale Tall City - AEP Reagan Co 1,200 AEP - Enduring Laredo…
Individual Well Rate of Return (IRR) Sensitivity to Oil Price
Well without CnF
Pre vs Post Re-Stim with Nano Surfactant 75 days of production 75 days of Total Production after before Re-stim Re-stim