First Step ESTABLISHED STRATEGIC DIRECTION The to be formed Camber is a platform for growth of oil, gas and liquids assets that provide: i. The Predictability of a Resource Play, ii. Longer Lived Reserves, iii. A Lower Cost of…
Investment Highlights Attractive, low decline longlife reserves Strong , LongLived High BTU content liquids representing 53% of product mix Reserve Base 1,200 BOE/d Net Daily Production as of 12/31/15 7.7 MMBOE 2P Reserves as of…
Lucas Energy Inc. (the Buyer) Segundo Resources, LLC (the Sellers) Segundo Resources, LLC is a joint venture management company managed by Mr. Richard Azar. Since 2013, Lucas Energy has gone through widespread changes:…
Acquisition Overview The pending acquisition of assets managed by Segundo Resources, LLC spurred the planned creation of Camber Energy, Inc. (1) (1) This transaction is subject to certain closing conditions pursuant to the Asset…
Camber Oklahoma Asset Base
Asset Overview Net Acres, Oklahoma 9,900 Acres Average Production Q4 15 1,200 BOE/d % Liquids (Oil + NGL) 53% (6% + 47%) Hunton Proved + Probable Reserves 16.3 MM BOE Subcrop Edge Proved Reserves 6.9 MM BOE Probable Reserves…
Hunton Oklahoma Lincoln County (Twin Cities) 60 currently producing wells/53 Horizontal 13.3% average working interest and associated net revenue interest of 10.6% 30% Interest in Undeveloped locations Operated by…
Hunton Oklahoma Payne & Logan Counties (Coyle Field) 15 currently producing wells 7 shutin wells are future recompletion opportunities 3 privatelyowned SWDs All 3 SWDs plumbed together allows flexible water distribution and…
Hunton Play Technical Aspects
Hunton Carbonate Play The Hunton play is found in a limestone formation stretching over 2.7 million acres in Oklahoma and in surrounding states of Texas, Arkansas and New Mexico, characterized largely by high quality oil and high BTU…
Drilling & Production New drilling and production Extensive dewatering lowers techniques have enabled profitable reservoir pressure allowing the development over the last decade; liberation and mobilization of oil, advances…
Field Wide Efficiencies and Water Disposal 1 Infrastructure Requirements Electric, Natural Gas transport availability at every wellhead, High Volume Saltwater disposal availability at every wellhead Gas processing facilities in or…
Field Level Infrastructure Commercial Electric Proprietary Electric Proprietary Salt Water System 16
Camber Curve cam ber kambr (noun) a slightly convex or arched shape HUNTON PRODUCTION PROFILE 128 35 64 30 32 25 GALLONS (000's) MCF (000's) 16 20 8 15 4 NGL Gas 10 Gross Gross 2 (Mgal) (MMcf) 5 1 13 19…
Compare & Contrast Illustration: Hunton vs. Eagle Ford Comparing the same 2 million dollar investment in each play: Assumptions: Type Curve Hunton Initial Rate 800 Mcf/day EUR 900 Mboe D&C 8/8ths 2.0 Mill WI 100% The Hunton Type…
Compare & Contrast Illustration: Hunton vs. Eagle Ford Comparing the same 2 million dollar investment in each play: Assumptions: The Eagle Ford type well pays out in 40 The Hunton type well pays out in 50 months Type Curve Hunton…
Three Prong Growth Potential The Company plans to attain significant growth through three value engines: BoltOn Working Interest Consolidation Acquisitions Pooling Potential Production & Leasehold Expansion 60+ Drilling…
BoltOn Expansion Opportunities A B C Ownership Expansion Leasehold Expansion Acreage & Production (Additional Working Interests) (Additional Acreage Pooling) Expansion (Offset / Nearby) Buyout Other Working Acquire Interest…
Drill What We Own A Hunton Locations 60+ Identified Locations 10 Proved to date (anticipate this number increasing) 6 Initial Proved Wells to be drilled identified Targeting initial drilling in Q2 2016 B Vertical Expansion…
Expansion Through Acquisition Reserves and production can be acquired at favorable valuations which provides substantial growth opportunities with the right platform. The current oil price environment presents an unusual opportunity…
Leadership & Management Mr. Azar is a partner in San Antonio based Segundo Resources, a private holding company which managed producing oil & gas assets in Richard N. Azar II Central Oklahoma and West Texas Executive Chairman & For…
GLOSSARY OF ABBREVIATIONS COMPANY DETAIL Bbl Barrel Lucas Energy, Inc. / Camber Energy, Inc. BOE Barrel of Oil Equivalent 450 Gears Rd., Suite 780 BOE/d Barrel of Oil Equivalent per Day BTU British Thermal Unit Houston, TX 77067 D&C…
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