Investment Fund for North American Unconventional Resource Plays September 2017
Kalnin Ventures Kalnin Ventures LLC is a USbased entity registered with the SEC and headquartered in Denver, Colorado. The sole investor for our first fund is an international energyfocused company with assets of 7 billion. Investments…
Sole International Investor Closely held international public company Headquartered in Southeast Asia Operations in 6 countries Focused on coal mining and power generation Market cap of 2 billion Total assets exceed 7 billion…
Kalnin Ventures Team Chris Kalnin Rebecca Kalnin Joe Davis Managing Director Co-founder VP Geoscience, Partner Co-founded Kalnin Ventures LLC in June Cofounded Kalnin Ventures LLC in June PhD in Geology, Univ Texas at Austin 2014 2014…
Extensive Industry Experience Multi-Disciplinary The team is comprised of experts in all relevant fields (geology, engineering, land, field operations, finance, accounting and mathematics) Experiences cover international and domestic…
Investment Strategy Focus on non-operated assets in de-risked sweet spots of mature unconventional plays Investments carry less risk than conventional private equity 15% - 20% full-cycle returns Value Proposition Buy at the right…
Focus: Non-operated assets in proven North American resources plays Target Size 20% to 40% WI with proven operator Substantial investments (100MM) Target Plays Marcellus/Utica Montney Bakken Eagle Ford Permian Wolfcamp…
What are our preferred deal structures Mezzanine Debt Equity SWEET SPOT Generally we prefer simple, non-operated structures, Upfront buy-in where we buy into a specific position and are heads- Potential Solution Space up…
Marcellus Acquisition Activity
Why we like the Marcellus Good selection of mid-sized, public operators Few private equity-backed teams Consolidation is eminent Most operators have non-op assets M&A market is set for a rebound as consolidation progresses Dry…
Chaffee Corners Acquisition Closed March 2016 for 111.5 million 76 wells, 11,000 net acres Daily net production: 21 MMcf/day Reserves (1P): 156 Bcf 0.71/Mcf (1P reserves) 5,300/Mcf/day flowing Firm contract for 50% of gas…
Chaffee Corners Acquisition Compressor Station Cooley Unit PAGE 11
NEPA Corners I Acquisition Closed January 2017 for 63 million 170 wells, 10,000 net acres Daily net production: 17 MMcf/day Reserves (1P): 133 Bcf 0.47/Mcf (1P reserves) 3,500/Mcf/day flowing PAGE 12
NEPA Corners II Acquisition Closed March 2017 for 16 million 170 wells, 2,500 net acres Daily net production: 4 MMcf/day Reserves (1P): 33 Bcf 0.47/Mcf (1P reserves) 3,500/Mcf/day flowing PAGE 13
NEPA Corners I & II Acquisitions NEPA Drillsite Warburton Unit PAGE 14
Zena Energy Acquisition Closed May 2017 for 16.25 million 34 wells, 1,000 net acres Daily net production: 6 MMcf/day Reserves (1P): 33 Bcf 0.49/Mcf (1P reserves) 2,700/Mcf/day flowing PAGE 15
Zena Energy Acquisition Mirabelli Unit Water Tanks PAGE 16
APPENDIX Contact Information
Contact Us Kalnin Ventures, LLC Tabor Center 1200 17th Street, Suite 1850 Denver, CO 80202 Main: (720) 375-9680 Fax: (720) 370-5418 E-mail: KVinfokalninventures.com Landowner Relations E-mail: KVlandkalninventures.com PAGE 18
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