Creating Value with Targeted Approach Radiant is an independent E&P that acquires and redevelops long-lived fields along the U.S. Gulf Coast. Acquire onshore U.S. Gulf Coast and shallow state water projects on At A Glance the…
Attractive Asset Portfolio Onyx Natchez Acres 2,000 Acres 3,600 Working Working 100% 87.5% Interest Interest Net Probable Net Proved 9.4 MMBoe 1.4 MMBbls Reserves Reserves Ensminger Taylor Point Shallow Acres 630 Acres 2,000…
Current Assets Hold Ample Proved Reserves Radiant holds total 1P 1P and 2P Reserves (PV-10 in millions) (proved) reserves 6.4 (2%) 30.8 (8%) (PV-10) of 7.4 MMBoe, worth 136.2 million. Radiant holds 2P (probable) reserves…
Experienced Management Team Management team has an average of 30+ years of experience in oil and gas exploration and development and energy- related financial services. John Jurasin CEO (Getty, McMoRan, Taylor Energy) Dimple…
Proven Track Record Management team discovered over 300 MMBoe in Gulf Coast Texas / Louisiana and Gulf of Mexico during their careers. 8
Natchez Asset Highlights Overview Net Acres 3,600 Acquisition closed October 2013 of Fields 23 (18 operated) Transition to company field personnel Current Net Production 100 Bopd completed in June 2014 Net Proved Reserves 1.4 MMBbls…
Ensminger Asset Highlights Overview Net Acres 630 Ensminger 1 drilled in 2004 by Exxon and Historical Production 459 Bcf produced 0.6 MMBoe from the 69 sand Damaged wellbore upon attempting Net Proved Reserves 2.6 MMBoe recompletion…
Garnet Asset Highlights Overview Net Acres 1,040 Historical Production 65 MMBo 3 Tcf Rework and completion, 16 zones in 8 wells. Net Proved Reserves 1.4 MMBoe Proved PV-10 21.4 million (11/15/2014 pricing) Development Drilling…
Coral Asset Highlights Overview Net Acres 1,400 Currently testing and evaluating results of re- Net Proved Reserves 1.6 MMBoe entry Proved PV-10 8.3 million (11/15/2014 pricing) Radiant has identified the following additional…
Taylor Point Shallow Asset Highlights Overview Net Acres 2,000 Develop initial 120 well shallow oil drilling Historical Production 66+ MMbbl, 50 Bcf program out of 300 identified wells Plan to ramp up to drill three wells per Net…
Onyx Asset Highlights Overview Net Acres 2,000 Probable Reserves 9.4 MMBoe Historical Production 65 MMBbls, 509 Bcfg Exploit field with new 3D seismic Survey 50 Net Probable Reserves 9.4 MMBoe miles Probable PV-10 182.0 million…
Conclusion Ample Acquisition Opportunities Highly High Experienced, Experienced Returns Knowledgeable Management Team With Low Personnel Risk Established, Robust Infrastructure 15
Appendix (Current price deck)
Reserve Summary G ross Ne t R e se rve s ____________________________________ R e se rve s _________________________________________________ in MM Oil Gas T ota l Oil Gas T ota l F uture Ne t C a pita l F uture Ne t MMB O…