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Oil And Gas Investment Symposium IPAA – Gmx Resources Inc.

Gmx Resources Inc. · Feb 2, 2012 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 1
  2. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 2
    GMXRs Four Resource Plays Bakken Petroleum System Net Acres 35,524 Units 1,280 Acre 150 North Dakota Total Locations 600 Operated Locations Est. 200 Montana Working Interest *Operated Est. 75% Non-Operated Est. 4% Niobrara…
  3. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 3
    14 Months of Major Accomplishments Purchased 35,524 acres in the Bakken giving the Company important oil resources needed to diversify from a pure play gas focused producer to a liquids focused operator Issued equity of approx. 105…
  4. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 4
    Transformation Execution Liquidity and well results will fund acceleration of oil development 100% of CAPEX targeting new oil wells & highest economic opportunities Service supply chain in place including dedicated workover…
  5. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 5
    The Transition is Quick, The Prize is Big Monthly BOE Total Monthly Production and Revenue Revenue 500,000 25,000,000 13.48 450,000 22,500,000 12.59 Less CAPEX 400,000 20,000,000 Fewer Rigs More Gas Production 350,000…
  6. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 6
    Williston Basin Bakken: Unconventional Crown Jewel Intracratonic Basin sourced by world class organic shale believed to have generated 300 billion barrels of oil within thermal maturity boundary(1) Projected 20 billion barrel…
  7. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 7
    Completion Methodology Continues to Improve Results in Statistical Oil Resource Play 30 Day IP Distribution Profile 1,600 1,500 Pre 2009 Parshall Field Only (68 wells) 1,400 Post 2009 Parshall Field Only (84 wells) 1,300 Post…
  8. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 8
    Early Disconnect with Performance Models Correct Over Time * Long term production from Black Oil Model on * Elm Coulee Field predicts higher IP than seen in aggregate historical data Restrictive Flow Actual cumulative production…
  9. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 9
    Bakken Transactionology Whiting Petro WLL GeoResources funds Bakken Newfield Exp NFX EUR: 850 Mboe Samson SSN Development 400,000 net acres IP: 2506 Boe/d 2011: frac 2 wells 11/Q1 EOG 154MM Offering January 2011 CWC: 4.5 net acres…
  10. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 10
    GMXR Acreage De-Risked by Other Operators Offset operators Continental (CLR) and Whiting (WLL) have de-risked GMXR acreage Transactions have materially increased the value of GMXR acreage December 2010: Occidental (OXY) purchased…
  11. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 11
    GMXR Acreage has Multiple Oil Layers McKenzie Billings Stark A B C D Charlotte 1-22H Hamre 1-15 Lillibridge Amo 1 Kubas 11-13TFH Continental Resources Inc Ladd Petroleum Corp Amoco Prod Co Whiting 1,100 BOE/D IP Taboo/Lange Evoniuk…
  12. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 12
    Bakken Curves Support GMXR EUR Expectations 1,000 1,000 Parshall Bakken 816 EUR 900 900 Continential Bakken 518 EUR GMXR Model: 500,000 600,000 BOE Rough Rider LL 700 Mbo (OAS) Bakken First Generation 800 800 Expected EUR…
  13. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 13
    Current Bakken Development Secured Work Over rig expected delivery in March 2012 Billings de-risked 76 operated well locations; 19 units CLR De-Risk Outline McKenzie de-risked WLL De-Risk Outline 52 operated well…
  14. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 14
    Appendix 15
  15. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 15
    Elkhorn Extension in Billings County Champlain 1-36H WOC Clemens 34-9TFH IP BOE 2,108 Federal 32-4H IP BOE - 1,970 Frank 31-4-1H Evoniuk Opr: GMXR Opr: GMXR IP BOE - 240 Peak Rate - 637 Wock 21-2-1H Opr: GMXR IP BOE -…
  16. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 16
    Expansion of Rough Rider into Southeast McKenzie Satter 44-34SWH Satter 44-34NWH Satter 44-34SWH Greenstein 30-31 1H Staal 150-99-26-35- IP BOE 2,763 IP BOE 2,258 IP BOE 3,604 IP BOE 3,232 1H IP BOE 3,217 Ransom 44-31H IP BOE…
  17. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 17
    Southeast Lewis and Clark Lydia 21-14TFH Frank 31-4-1H IP BOE 1,960 Opr: GMXR Debrecen 1-3H IP BOE 240 Wock 21-2-1H IP BOE 1,667 Opr: GMXR CLR De-Risk Outline IP BOE - 450 Smith 32-12TFH IP BOE 2,939 Marsh 21-16TFH Opr:…
  18. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 18
    Bakken Well Overview Operated Well Development Well Name County Location GMX WI Status Wock 21-2-1H Stark Sec. 2&11-140N-98W 100% Producing Frank 31-4-1H Stark Sec. 4&9-140N-98W 52% Producing Evoniuk 21-2-1H Billings Sec.…
  19. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 19
    Multi-Year Inventory in Four Resource Plays Potential Reserves(1): 186 MMBOE + 1.6 TCFE Reserve H/B Proved Reserves (4) 234.1 BCFE 695 Net Hz Undrilled Locations CVS Proved Reserves (4) 85.2 BCFE Total Proved Reserves (4) 319.3…
  20. Oil And Gas Investment Symposium IPAA – Gmx Resources Inc. – slide 20
    VPP and Hedge Monetization Provide Additional Liquidity 49.7 million VPP with EDF Trading North America 14.75 Bcf of production over 95 month period beginning December 1, 2011 Transaction limited to 21 PDP Haynesville/Bossier…

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