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 Two Companies Caerus Piceance LLC Caerus Resources LLC 1 2 Piceance Focused Gas Company DJ Basin Focused Formed in 12/2009 Northeast Extension of the 70 MMCFED Wattenberg 22 M net acres 30,000 net acres…
Acquisition and Divestiture Activity Acquisition Targets Planned Divestitures Caerus Piceance LLC Approximately 14 MMCFED Piceance/Uinta Basin gas across multiple fields in the assets Rockies and midcontinent Significant production…
Piceance Basin CAERUS PICEANCE LLC CONFIDENTIAL 8
Piceance Basin Development What has Changed Excess take away capacity to good markets Differentials 6-8% off of Henry Hub Midstream companies are willing to negotiate and offer incentives to drill Drilling times are reduced…
Piceance Basin Piceance Basin Production: 70 MMCFED Reserves: 900+ BCFE Drilling Locations: 1,700 DUCs: 52 6/30/2016 Year to Date Results: Production of 60.7 MMCFED was up 3% over the same period last year NYMEX HH gas prices…
Piceance Track Record Proved Reserves Production MMCFED BCFE 2013 2014 2015 2016E 2013 2014 2015 2016E EBITDA Cash Costs /MCFE MM 2013 2014 2015 2016E 2013 2014 2015 2016E 74% CAGR on production inception to 2016…
Piceance Drilling and Completions Original Acquisition Assumptions Most Recent Drilling Costs (M) PDC Mesa Well Nolte* Island Ranch* H2 E1 P2 8A 17L (2013) (2014) (2014) (Spring 2015) (Summer 2015) (Nov. 2015) (Spring 2016)…
Caerus Piceance Projections 1P Reserves (Bcfe) Production Profile (Mcfe/d) Caerus Wedge Caerus PDP YE 2016 YE 2017 YE 2018 YE 2019 YE 2020 2016 2017 2018 2019 2020 Assumes 1.5 Piceance wells promoted to proved for each well…
NE Wattenberg Extension CAERUS RESOURCES LLC CONFIDENTIAL 14
NE Wattenberg Land Position (Company 2) Total Position Gross Acres: 58,233 Net Acres: 29,616 Average NRI: 80% Fee Acreage: 99% HBP: 18% Extremely low population density Designed for XRL Development Position History Original…
Development Plan and Capital Formation Caerus has 5 XRL pads permitted and a total of 70 wells permitted Caerus is considering raising 75-125 MM of additional capital in the form of a JV or partnership to execute on its…
CONCLUSION CONFIDENTIAL 17
Conclusion Caerus Summary Caerus has three focused companies, each with a targeted strategy to acquire and exploit assets in their key development areas Caerus Piceance (1) a Rockies natural gas development company Caerus Resources…
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