Enercom Presentation August 20, 2018 8/20/2018 HIGHLY CONFIDENTIAL NOT FOR DISTRIBUTION 1
Bison Management Team 15+ years experience Field landman starting at age 16 Contex Energy Company Head landman - LINN Energy Delaware Asset Team Austin Akers Vice President of Land (co-founder), LOGOS Resources, LLC CEO President…
Bison History June 2015: Bison Oil & Gas November 2017: Bison February 2018: Bison II formed in partnership with January 2017: Bison Oil & completed sale of additional successfully drilled and Carnelian Energy Capital targeting Gas…
Bison II Baja Asset Summary Baja Asset Summary Bison Positioning Largely contiguous, rural acreage position in NE Weld County, CO 18,000 net acres / 50,000 gross acres 80% operated 500 approved or pending APDs 500 gross / 250 net…
Operator Activity Recent results define the Baja Asset Operator Footprint Operator: Bison II Operator: Bison II Unit / Well: Castor 12 Unit / Well: Castor 16 Status: Producing Status: Producing 10N Target: Niobrara C Target:…
Midstream Overview Baja Summary Baja Asset attractively located close Pawnee Water Facility to oil, gas, and produced water takeaway Pawnee Oil 36-40 API oil gravity trades at Terminal premium to higher API DJ crude Crude,…
Baja Positioning vs. Greater Wattenberg Population Density Around Baja Baja Geology Max Resistivity Niobrara B Bison II acreage is located in one of the most sparsely populated areas of Colorado 8/20/2018 8
Baja Rural Production Comparison Baja Asset production outperforming peer rural operators newly publicized Castor 16 Cum Oil per 1,000' Castor 12 enhanced oil type curves Kummer Highpoint 2017 XRL Curve Enhanced stimulations…
Bison II Cayot Asset Summary Cayot Asset Summary 100% Core Gallup attractive land position located in the southeastern San Juan Basin area 1,800 net acres / 5,000 gross acres 80% HBP, 90% Operated Bison plans to drill up to eight…
Contacts John Austin Akers David Gonzales CEO President & COO aakersbisonog.com dgonzalesbisonog.com 720.644.6997 Ext. 1 720.644.6997 Ext. 2 Jesse Irvin CFO jirvinbisonog.com 720.644.6997 Ext. 3 8/20/2018 11