Terrace Energy Corporation A focused team, creating value through early innovation in a prolific basin Maverick County Multiple Objectives South Texas Syndicate Olmos NWAWP Olmos Development Projects Exploration…
Critical Value Drivers Outstanding Asset Portfolio in Prolific South Texas Fairway 180,000 gross mineral acres (41,000 net to Terrace) 4,000 BOEPD gross production (600 BOEPD net to Terrace) (73% liquids) Balanced Portfolio of…
Olmos Sandstone Development Projects NW AWP STS OLMOS AWP Field 49 MMBO, 500 BCF STS OLMOS Regional Cross Section STS SOUTH www.terraceenergy.net 4
Regional Cross Section STS OLMOS NW AWP 10 MILES 22 MILES Density Porosity 5% Whole Core 18+% 10% 10%
Olmos Sandstone Development Results to Date www.terraceenergy.net 6
South Texas Syndicate Project Leasehold Development Program www.terraceenergy.net 7
Olmos Sandstone Project Summary Terrace Current Leasehold Position 200+ Square Mile C Sand Incremental Development Conventional Reservoir C Sand Downspacing Development Play Utilizing StateoftheArt Drilling and Completion D…
South Texas Syndicate Project Production History vs. Type Curve Projections www.terraceenergy.net 9
SP5 AW A 127H Performance Curve www.terraceenergy.net 10
STS Olmos Type Curve Key Points 21 successful delineation wells drilled 102 identified drilling locations (initial development area) 241 upside locations WI: 27% NRI: 20.25% Capital: 5.3 mm gross 1.4 mm net EUR: 463…
STS Typical Completion Schematic SP5 AW A 1027H API 4228334119 LASALLE COUNTY, TEXAS 16 AT 85' KB TO GL 25' GL 351.1' 108 JTS 9 5/8 40 P110 BTC CASING AT 4795' w/ 1110 sxs 15:85 POZ:A w/ 8% SALT & 3% SALT + 430 sxs H (8/11/2013)…
Large Scale Exploratory Projects Maverick County Multiple Objectives Buda Limestone STS Deep Historical Trend Sligo Eagle Ford Shale Trend Source: IHS Production Data www.terraceenergy.net 13
Maverick County Project 147,000 Gross Acre Position with Multiple Prospective Oil Bearing Horizons BlackBrush Terrace LP (50% owned by Terrace Energy) has the right to acquire a 50% operated working interest in 147,000 gross…
Maverick County Project Chittim Ranch 2015 Evaluation Program PRODUCING Progress to Date AWAITING COMPLETION BTLP has invested 46.2 MM NEW DRILL through acquisition, drilling, CH5 completion and technical evaluation. CH7 Over…
STS Deep Prospect Objectives: Multiple zones, Including Sligo, Cotton Valley and Smackover Acreage: 9416 Gross Mineral Acres (HBP by Olmos Development) Potential Resources: 1.2 TCF GasInPlace Projected Well Cost: 10.3…
Management Team Dave Gibbs President and Chief Executive Officer, Director Mr. Gibbs received a Bachelor of Engineering degree from Georgia Tech in 1975 and has 39 years experience in the oil & gas exploration and development business.…
Board of Directors Dan Carriere Chairman Mr. Carriere was a founding partner and significant shareholder, as well as the Senior Vice President, of Corriente Resources Inc. (TSX) from 1992 until the sale of Corriente to CRCCTongguan…