Enhanced Oil Resources Inc. (TSX.V: EOR; OTCQX: EORIF) IPAA OGIS Presentation October 2013
Company Vision To become a leading energy producer in the Permian Basin through continued development of our legacy oil fields utilizing down spacing, horizontal drilling and CO2 flooding. TSX-V:EOR www.enhancedoilres.com 3
Asset Location Northwest Shelf San Andres Platform Carbonate Play (after BEG & NMBGMR)
Investment Highlights Corporate Profile TSX.V (EOR) and OTCQX Exchange (EORIF) listed 160 mm shares outstanding 180 mm fully diluted Current share price 0.07 Market Cap 11 million 6.3 million cash in bank (0.04 per share) Zero Debt…
Strategy for Growth Near Term (12 mths) Mid Term (1-3yrs) Longer Term (5+ yrs) Increase oil production and reserves Continue multi year horizontal CO2 Flood 6,000 acre sweet through initiating infill drilling of drilling program…
Oil and Gas Reserves Overview (12/31/2012) Net Oil and Gas reserve base (MMBbls) PV-10 ( in Millions) PDP 23% 0.72 mmbo PUD PUD 36% 71% 19.2mm 2.2 mmbo Proved Reserves: PV-10: 3.1 MMBbls * 54.2 million * * 12/31/12…
Goals for 2013: Expand our technical evaluation team Complete sub surface log normalization studies (Nutech) at both Milnesand and Chaveroo Continue our 20 acre infill program where necessary at Milnesand and Chaveroo Add reserves…
Total EORI Production
NuTech Project 1. Petrophysical evaluation MSU 2. 100 wells 141 3. Provide structure, Isopach, MSU 522 perm, porosity, OOIP, water saturation 4. Start date: 3/1/2013 5. Completed: 5/1/2013 ALL Horton Volumes MSU Total Federal…
Milnesand Horizontal Performance Comparison to Shafter Lake Typewell
San Andres Horizontal Drilling Economics D + C Cost MM/well 3.0 BOPD Lateral Length 4,500ft 200 180 Frac Stages 10-12 160 140 EUR (P50) 180 MBO 120 ROI 1.9 100 80 NPV (10%) MM 2.7 60 ROR % 50 % 40 20 Oil Price 83 0 1 7 13 19 25…
PROPOSED 1ST 2 LATERALS JENNIFER 31, 46 JENNIFER AREA WELLS 31 46
280 MMB OOIP
25 MMBO PRODUCED
255 MMB ROIP PROPOSED 1ST 2 LATERALS JENNIFER 31, 46 JENNIFER AREA WELLS 31 46
Why take a look at Enhanced Oil Resources Early stage multi well horizontal infill program to start 4Q13/1Q14 Undervalued Trade at slight premium to our cash value No value for high potential growth projects or current production…