For personal use only Maverick Drilling & Exploration Limited August 2016 Australian Investor Presentation J. Michael Yeager Executive Chairman & Chief Executive Officer
Maverick Action Plans Key Steps For personal use only 1. Optimize Blue Ridge for value 2. Market Blue Ridge for potential sale 3. Eagle Ford acreage capture 4. Eagle Ford acreage development with or without a partner Desired…
Maverick Business Update 1. Optimize Blue Ridge 3. Eagle Ford Acreage Capture For personal use only a. 3.5 MMBO Proved Reserves endorsed a. Total 13,000 acre opportunity. 6,000 captured 31 December 2015 by NSAI with balance under…
Eagle Ford Acreage Acreage located in Dimmit For personal use only County, Texas Thickest part of the entire Eagle Ford Trend Over 300 offset wells drilled MAVERICK in the area Light oil/condensate API Gravity Map window…
Acreage Located in Dimmit County 13,000 acre opportunity - For personal use only all captured or contracts negotiating Contiguous acres allows for longer lateral length wells 3 year primary term Bonus averaging less than…
Thickest Part of Entire Eagle Ford Trend Dimmit County area is up to For personal use only 370 feet thick 3 levels of Eagle Ford development Initially 60 acre spacing 30 acre spacing already in the area Austin Chalk…
Over 300 Offset Wells Drilled Offset wells are drilled in all For personal use only three Eagle Ford intervals: DIMMIT 236 EF A wells drilled 148 EF B wells drilled 64 EF Marl wells drilled Type curves developed from actual…
Light Oil/Condensate Window Proven oil gravities of 45 For personal use only 48 API are expected DIMMIT Allows for optimum crude pricing Gas oil ratio will be 2,000 3,000 so good reservoir energy Revenue stream will be 70…
Impact of Recent Technology Changes Major changes in well design by all Improved EUR and lower cost create For personal use only operators in last year strong economics at Strip Prices Results in 30 percent improvement in 10 percent…
Development Plan and Economics Planned 8,000 foot laterals at 60 acre spacing For personal use only Develop each of the three Eagle Ford vertical geologic intervals Estimate six initial wells needed before reserved based lending…
Summary Finalize Blue Ridge Sale For personal use only Finalize Eagle Ford acreage capture Test partner development opportunities and partial funding Finalize balance of funding options with new equity if necessary Commence…
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