EnerComs The Oil & Gas Conference 21 August 2016 Denver, CO 1
Who is Gary Permian Partnership solidified in March 2016 between: Gary Petroleum Partners, LP Old Ironsides Energy, LLC Purpose - acquire and develop core upstream assets in the Permian Basin Expertise Unconventional resource play…
Gary Permian Founders Samuel Gary Jr. (Non-Executive Chairman) Craig Ambler (Non-Executive Vice Chairman) Partners for twenty-eight years in Samuel Gary Jr. & Associates, Inc. Samuel Gary Jr. & Associates Denver-based private company…
Old Ironsides Energy, LLC Independent oil and gas investment manager Formed in 2013 Founders are former executives of Liberty Energy Holdings, LLC Since 2001, team has built a multi-billion dollar platform Equity investors in private…
Strategy Acquire and exploit best rock assets in the Permian Basin, focusing on larger properties where the universe of qualified/capable acquirers is limited Use existing finance, accounting and back office platforms at Samuel Gary…
Management Darrin Henke, CEO 25+ years of industry experience at Encana, Tom Brown Inc., and Burlington Resources As Vice President & General Manager Oversaw Encanas new-basin entries into the Permian and the Eagle Ford Grew Permian…
Management Lonnie Brock, CFO 30 years of Oil & Gas experience Served as CFO for four Denver-based, public oil and gas companies Western Gas Resources, Gerrity Oil & Gas Corp, Double Eagle Petroleum Co and Teton Energy Held board…
Management Julia Gwaltney, VP of Strategic Planning and Development 20+ years Industry experience at Samson Resources, Encana, and Burlington Resources As Vice President of Western Operations at Samson Increased Williston well…
Management Mike Asher, Vice President of Business Development Nearly 40 years of oil and gas Business Development experience Co-founder of Caza Drilling and Westport Oil and Gas Company Partner in Berco Resources responsible for…
Management Jeff Villalobos, Operations Manager 15+ years of operational experience at Encana and Schlumberger During his 9 years at Encana, Jeff held the following positions Drilling Manager for the Permian asset Drilling and…
Timeline Hired CEO 11/2/2015 Entered First Data Room Closed Equity Backing 11/3/2015 3/2/2016 2015 Nov Dec 2016 Feb Mar Apr May Jun Jul 2016 Evaluate Equity Partners Negotiate & Close on Equity Backing Hire Team Assemble…
Gary Permian Acquisition Synopsis Transactions Closed 0 Bids Made 5 Worked in Detail 23 Screened 70 13 The Oil & Gas Conference 21
Social License Considerations Vermont & New York Fracking is illegal Colorado ongoing effort to essentially ban drilling state-wide Presidential election Hillary By the time we get through all my conditions, I dont think there will…
Permian Social License Considerations Federal lands more challenges coming soon State and Fee lands challenges coming, but later What can Industry do Reduce our land, water, and air impacts Utilize multi-well pads Recycle and reuse…
Major Takeaways Gary Permian attributes Substantial equity backing Seasoned, well-rounded team Significant Permian experience Unparalleled expertise in unconventional plays 19 The Oil & Gas Conference 21
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