EnerCom The Oil and Gas Conference August 2017 ASX: IOG Slide 1 www.incrementaloilandgas.com
Business Strategy We focus on assets which provide optimization upside, recompletion potential, and exploration opportunities. Growth of reserves enhances investor value. Acquire Develop Grow & Enhance & Explore increase…
The Assets Western United States Newporte, ND Silvertip, WY Florence, CO Sheep Springs & Round Mountain CA Slide 3 ASX: IOG www.incrementaloilandgas.com
INCREMENTAL OIL AND GAS 2016/17 activity Silvertip Phase II Placement Silvertip 1,100 Florence Newporte Work Program Raised MCFD 30-DAY Divesture 1st well Announced 1.52M IP Closed drilled 2016 2017 Jan Feb Mar Apr May Jun Jul…
Silvertip Asset Flagship asset with 4,820 acres HBP Silvertip Silvertip 107 wells, gathering system, and gas Field Field processing plant Purchase Price: 6.3 million in Jun-15 Value equivalent to 17,500 MBOE Silver Bighorn Tip…
Silvertip Plant and Compressor Station Slide 6 ASX: IOG www.incrementaloilandgas.com
Silvertip Development Plan Workover Program 30 shallow gas wells (Meeteetse , Mesaverde and Lance formations) 3.1 BCFG recoverable (independently assessed) 7.1 million future net cash-flow1 1.0 million CAPEX 6.14 ROI Development…
Silvertip 2016 Development Results Expectations Results 100-150 MCFd initial production (IP) Incremental 1 BCF in reserves 35k capex budgeted per well Average 30 day IP 245 MCFd (10 recompletion wells) Average Capex - 33,500 per…
Silvertip Success PRODUCTION: RESERVES: MBOE Proved Reserve Q4-2016: (Dec 31, 673 BOEPD 2016) Liquids 738 Gas 958 Total 1,696 MBOE Proved At-Acquisition: Oil NGL Gas Reserve (May 1, 360 BOEPD 2015) Liquids 621 Gas 268…
Stacked Pay Development 2017 Silvertip PDNP & New Drill Wells Explore development potential in unproven stacked pay formations in current wellbores Lance 1st test scheduled 4Q 2017 Up to 20 additional recompletion wells in proven…
2017 Gas Price Outlook US is likely to become a net exporter of gas by the end of 2017 mainly to Mexico but also supplying LNG to Europe and Asia Gas has overtaken coal as the biggest source of energy in the US Slide 11…
California Assets Sheep Springs & Round Mountain, CALIFORNIA (100% WI, OPERATOR) ROUND 85 BOEPD production (Q2-17) MOUNTAIN Sheep Springs 63 BOEPD (Oil - 93%, Natural Gas - 7%) Round Mountain 22 BOPD 0.30 MMBOE 1P reserves…
Growth Strategy Delivery To Date Acquire Develop & Enhance & Explore Grow Silvertip Purchased June 2015 Behind pipe gas Reserves increased Workovers enhanced production by reserves tested for by 1 BCF as a result of successful…
Where To From Here Slide 14 14 Slide ASX: IOG www.incrementaloilandgas.com
Williston Basin Focus Prolific hydrocarbon system Multiple source rocks Conventional and unconventional plays Oil and gas friendly region Actively pursuing PDP Development Exploration Slide 15 ASX: IOG…
Entry into Williston Basin WI partner in drilling joint venture (Newporte Field) Drilled first prospect July 2017 (1M well cost) Multiple 3D seismic development locations identified Second location to be drilled 2018 Opportunity…
Newporte Drilling Prospect Located in the Williston Basin A 3.2km (2 mile) diameter meteor-impact feature (astrobleme) Analog Red Wing Creek Field B (McKenzie County, North Dakota), with primary reserves of 20 Million BO 300+ MBO…
18 Geology Newporte Field is a well- documented meteor-impact feature that occurred in early Ordovician time. Primary target - Cambrian-aged, conglomeritic sandstones of the Deadwood Formation which lie near or on the…
Experienced Oil & Gas Operators Strong technical team with engineering, geology, land, legal, and financial expertise Extensive experience in 6 U.S. basins with over 200 wells drilled and completed Total Management industry…
Reserves and Production NET Total 1P Reserves by MBOE CA WY Total Category Effective December 31, 2016 Proved Developed Producing (PDP) 322 999 1,321 Proved Developed Not Producing - 225 225 15% (PDNP) PDP Total 1P Reserves…
Market Summary Capital Market Summary Shareholder Distribution Exchange: trading symbol ASX: IOG Share Price (30 Day VWAP) A0.029 Market Capitalization A5.8M US4.5M EV US11.00M Ordinary shares on issue 202,194,580 Options on…
2016 Financial Summary Per BOE1 Revenue2 Royalties and Field Netback/ (2016) Prodn tax Operating Gross Profit Costs3 Margin Silvertip, Wyoming4 20 (5) (5) 10 / 50% SS5 & RM5, California 37 (5) (7) 24 / 65% Florence, Colorado -…
Experienced Leadership Board & Team Mark Stowell A chartered accountant and corporate finance background and has been involved in public company management for over 20 years including significant experience in Non-Exec Chairman the…
Experienced Leadership Board & Team Simon Adams Over 20 years of experience with multiple ASX listed companies in various CFO/ Co. Sec. sectors including energy, agribusiness, resources and property. Part of B.Bus., M. Acc. management…
Contacts Denver, CO Perth, AU JOHN WHISLER SIMON ADAMS Managing Director Chief Financial Officer Email - jwhisleri-og.net Email - sadamsi-og.net Telephone - +1 720-763-3183 Telephone - +61 (0)8 6144 0590 or +61 (0)439 845…
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