IPAA Conference January 2018 STRICTLY CONFIDENTIAL This presentation is an informational document and does not constitute an offer to sell or solicitation to purchase any securities and therefore may not be relied upon in connection…
Overview Asset-Focused Lower Mid-Market Onshore U.S. Operated E&P 1 billion under management1 Vortus 50 - 100 million equity per deal Headquartered in Fort Worth, Texas; Founded by Jeffrey W. Miller and Brian C. Crumley Target 3x…
Debt Capital Markets Have Tightened Access to financing has tightened driven by regulatory change Increasing equity Traditional reserves based lending (RBL) replaced by cash flow-based lending Total leverage now includes senior debt…
Characteristics of a Vortus Deal Vortus Discounted implied Growth capital for Avoid Cost competitive assets buy-in development Limit capital competition by Hands on approach to changing Offshore Lowest quartile finding and…
Pre-investment process & value creation Assets optimized through enhanced well economics & expansion of undeveloped inventory Pre-investment process Value creation process 1 Asset & management Asset identification Optimization,…
Vortus Portfolio Current and Previous Investments (Permian Basin) (East Texas & North Louisiana) (Williston Basin) (South Texas) (Arkoma Basin) (Permian Basin) II (Arkoma Basin - Minerals) (Permian Basin) Vortus is…
Why Vortus Consistent, proactive approach to creating privately negotiated, off-market Asset Focused Strategy transactions with clear path to value creation Breadth and depth of technical, operational and financial energy industry…
Our Team Investment Team Operation Professionals Frank D. Jeffrey W. Miller Brian C. Crumley CEO/Managing Partner Managing Partner Lamsens 31+ years of experience 19+ years of experience CFO/CCO 13+ years of experience Rhonda…
Jeffrey W. Miller, CEO/Managing Partner Over 31 years of financial, managerial, operational and technical experience in the global upstream industry Upstream industry experience includes private equity, investment banking and petroleum…
Jeffrey W. Miller (contd) Lehman Brothers and Chase Manhattan Bank (1990-1993) Associate Investment Banking and Energy Lending Division in New York, NY Exxon USA (1985-1988) Senior Project Engineer in Houston, Texas o Reservoir and…
Brian C. Crumley, Managing Partner Over 19 years of successful principal investment experience in the energy industry including private and public equity, debt and distressed investing across several cycles Portfolio management…
Brian C. Crumley (contd) Natural Gas Partners (1998-2000) Investment Associate in Fort Worth, Texas o Global leader in energy private equity with cumulative capital raised of 13 billion o One of just five NGP investment professionals…
Brian E. Hansen, Principal Former senior executive with a large independent oil and gas operator with over 13 years of successful strategy management, asset valuation, field development, multi-disciplinary leadership and petroleum…
Porter D. Pursley, Senior Associate Over 9 years of banking and investment experience primarily focused on the domestic onshore E&P industry Experience has included in depth bottom-up fundamental valuation, communicating investment…
Frank D. Lamsens, CFO/CCO Certified Public Accountant with over 13 years of diverse industry and cross-functional expertise in corporate finance and accounting Prior leadership roles with an industry leading private equity firm and a…
Garrison R. Allen, Associate Over 3 years of banking and investment experience primarily focused on the domestic onshore E&P industry Experience has included in depth bottom-up fundamental valuation, communicating investment…
Risk Factors Summary An investment in the fund (Fund) will entail substantial risks, including, but not limited to, those listed below, and a prospective investor should carefully consider the following summary of certain risk factors…
Contact Information Jeffrey W. Miller Brian C. Crumley CEO / Managing Partner Managing Partner jmillervortus.com bcrumleyvortus.com Brian E. Hansen Porter D. Pursley Frank D. Lamsens Principal Vice President CFO / CCO…
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