Value creation through technical excellence driving world class oil and gas properties May 2014 1
SPP Turning Assets into Revenue Large Asset Base Niobrara Source for 2nd oldest oil field in the world the Florence oil field Niobrara 2 unconventional well successful IP 403 B0EP 11,560acres or approximately 250 wells at 40 acre…
SPP Assets returning revenue Access to Expertise Eagle Ford advancing rapidly with Halcn Operator with proven track record Niobrara program - Austin named runner-up in the Rocky Mountain Exploration and Production Company of the year…
Strategic Pathway Conventional Geological and Colorado projects Texas Eagle Ford engineering Niobrara Mississippi Birch expertise Pathfinder Kentucky Identify Explore and 70% Halcon / Retain 100% undervalued de-risk assets 30%…
US Assets Map Austin Corporate Office East Business Unit Lakewood, CO Office Henderson, KY Pathfinder Niobrara Project Sebree & WW Magnolia Park City Midwest Business Unit Office Florence, CO Commencement Ellislie Bourke…
Birch Eagle Ford Prospect - 5040 acres in Burleson County & East Texas Burleson County, Texas Owner Working Net Interest Revenue (WI) Interest (NRI) Identified by Halcn as Austin 30% 22.5% the next Eagle Ford Exploration (AKK)…
JVs first horizontal a major success Halcn reports IP Rate of 1066 BOEPD Halcn Resources Corporation Presentation March 25 2014
Birch Eagle Ford Prospect Successful USD 54 mil farm-out program completed in 2013: Halcn Resources free carried for three 10,000 ft horizontals wells in 2014 . PetroMax Operating free carried for one 10,000 ft horizontals well in 2014…
Pathfinder Niobrara Project 100% of 11,560 acres in Fremont & Custer Counties Colorado Proven targets Niobrara formation Pierre Shale Exploration success Well 1 Successful vertical exploration well Well 2 successfully drilled with…
Austin Pathfinder Project - Originally the Florence oil field Niobrara formation - the source of the Florence oil field 1860s Florence became the 2nd oldest oil field in the world In 1862, oil discovered is good API quality with low…
Pierre Wells in Florence - Adjacent & Contiguous property Pierre wells used in this analysis: 22 Wells Total 3 Vertical Wells 12 Deviated Wells 7 Horizontal Wells Satellite imaging analysis while integrating geological structure…
Niobrara Gas Gathering & Processing infrastructure underway Agreement with Gas CIG Processing of America Inc. (GPA) in Feb 2014 Industrial GPA will process and sell the Markets heavy liquid gases (propane, hexane, ethane and butane)…
Capital structure Board and Management AKK 12 Month Historical Price Performance Richard Cottee Chairman of the Board Dr. Mark Hart CEO & MD COO and President of AusCo Guy Goudy Petroleum Inc (USA) Dominic Pellicano Non-executive…
SPP Investment Rationale Austins 20,000 acres across five proven hydrocarbon basins in the US expected to support more than 300 wells Flagship Pathfinder project being de-risked with potential US40 million funding package from…
Corporate Information Austin Exploration Limited Auditor Level 9, 575 Bourke St. Grant Thornton Melbourne, VIC, 3000 Level 2, 215 Spring Street Australia Melbourne, VIC 3000 (03) 9606 3888 Phone (03) 8663 - 6000 (03) 9606 3800 Fax…
US Management Team Dr. W. Mark Hart, Chief Executive Officer and Managing Director Dr. Hart has more than 35 years of executive experience across a number of major mining and energy companies, including Standard Oil, Newmont Mining…
US Management Team ON LOCATION EVERY DAY Mr. Timothy Hart, VP and General Manager for Kentucky Business Unit As the VP and General Manager for Kentucky, Tim Hart is responsible for the performance and development of Austin…
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