Prepared for Euro Pacific Capital September, 2013 WHATS OLD IS NEW
Trivia Time 43 Miles 52 Miles
Major San Joaquin Basin Oil Fields (Billion+ Bbls Recovered) South Belridge (Aera) 1.5B Bbls recovered; 494MMBbls est. res. Kern River (CVX) 2B Bbls recovered; 476 MMBbls est. res. Cymric (CVX/Aera/PXP) 1.3B Bbls recovered; 119…
Executive Summary: The Next Great California Independent COIL: An Exploration & Production Company Focused on California Simple Capital Structure COIL (OTCBB) 28.1MM shares issued (30.9MM including vested options and warrants)…
Ease of Discovery Billions of Barrels Discovered San Joaquin Valleys Top 20 Fields 0.6 12.72 Pre 1936 Post 1936 7
General Project Locations Indian Rancho Grande Yowlumne 8
Proximity to Refineries & Sales Indian San Ardo Rail Head (35 Miles South) Bakersfield 3 Refineries 107,000 Bbls/Day Rancho Grande L.A Basin (95 Miles South) Yowlumne 7 Refineries 1.02MM Bbls/Day 9
Prospects & Fields Using Data Gathered Over 100 Years BAKERSFIELD ARCH EDISON PLATFORM MARICOPA SUB-BASIN TEJON PLATFORM OIL OCCURRENCE IN 66% OF TESTED SECTIONS
Rancho Grande North-South Cross-Section Santa Margarita Olcese Vedder Formation Stevens Temblor Basinal Sands 11
Rancho Grande & Yowlumne Area Yowlumne Area 3,000 gross acres leased by Citadel Exploration. Rancho Grande Area 52,000 gross acres leased by JV partner Sojitz Energy Ventures. 12
Project Indian: Overview 688 acres under lease from OXY in San Benito County Analogous to North San Ardo oilfield PG&E Power o Discovered by Chevron in 1950 o Re-discovered by CEO in 2005 with Salinas Energy Project Indian…
Project Indian: California Heavy Oil Background The Majority of California Oil Production is Heavy Heavy oil characterized as less than 18 degrees API, immobile without stimulation Thermal recovery (steam injection) is the primary…
CITADEL: Key Take Aways Four Generations of California Oil Expertise 100 identified prospects generated with 2D, 3D and well control data California Renaissance Opportunity Premium pricing vs. WTI Increasing investment from large…