TRAIL RIDGE ENERGY PARTNERS, LLC ROAD TO SUCCESS IPAA 2012 PRIVATE CAPITAL CONFERENCE January 24, 2012 Houston, Texas TRAIL RIDGE ENERGY PARTNERS, LLC
Table of Contents Full Cycle The Team Dawn of the Dawn Courting the Quan The Mate The Play Execution Dawn of the Dusk Sortie Dawn of a New Day TRAIL RIDGE 2 ENERGY PARTNERS, LLC
Full Cycle Aug 07 Formed Trail Ridge Energy Partners, LLC April 08 Closed Equity Agreement with Kayne Anderson Closed Texas Panhandle Acquisition and Started Leasing June 09 Closed Anadarko Basin Acquisition Sept 09 Closed…
The Team Ronald D. Wade President & CEO 30 Years of Experience in Reservoir Engineering; Economics; Bus Dev; Financial Modelling; and Negotiations (CSM BSc PE) Trail Ridge Energy Partners, LLC (Private Equity) Redman Energy…
The Team (Cont.) William E. Knebusch - Vice President Geology 30 Years of Experience in Both Domestic and International Exploration and Operations (Sul Ross BSc Geology) Calvary Consulting, LLC (Consulting Firm) Mewbourne Oil Co.…
Dawn of the Dawn Imagination is the key the rest is painted with science fiction Jimi Hendrix It All Starts with an Idea and Commitment to Excellence Dont Quit Your Day Job - Stick to What You Know Best Be an Excellent Steward of…
Courting the Quan Should I use a PE Dating Service Investment Advisors Yield More Exposure, but comes with a Price Good at Matching Your Idea and Skills with the Right PE Fund Help Secure the Best Deal Expedite Your Time to Close…
The Mate The Engagement Deal Terms First Timers Not Much Room to Negotiate Structure Can Vary Significantly Second Timers Can Expect/Negotiate Better Terms More Flexibility (Regional Diversity; Exit Timing) The Marriage…
Dawn of the Dusk Equity Plus Debt Invested in Assets Capital Calls on Non-Op Acreage Continue Tonkawa, Cottage Grove, and Cleveland Wells (4 to 7 MM) Woodford (8 to 10 MM) Equity ROR Can Consume Significant % of Net Cash Flow…
Sortie Always be Ready to Sell Oil Price Interview Several Financial Advisory Firms Expertise in Play Areas is Critical Expected Exit Value Important to Selection Prep Time is Longer than Anticipated Gas Price Select Bid Date…
Dawn of a New Day Where Do We Go From Here Depends on Management Team Objectives Depends on Degree of Success Trail Ridge Exploration and Production, LLC Staged to Re-Group Kick-Off March 1, 2012 Mid-Continent Region Still…
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