Disclaimer Advisory Regarding Reserves Data & Other Oil & Gas Information Disclosure Protocols (Contd) derived from Wind River Energys internal sources, as well as from a variety of publicly available information sources which are…
Overview Phat City Emerald Forest On-shore U.S. oil and gas Large acreage 21,507+ net acres (34,245 Gross acres) Four projects Montana, Wyoming, Colorado, New Mexico Two oil, two gas properties Low risk, by-passed pay…
Corporate Strategy Portfolio growth is designed to achieve the following goals: To exploit Wind Rivers extensive foundation of land and intellectual property as value-added opportunities, based on by-passed plays, technological…
Investment Highlights High potential, low-risk, low cost Large land holding of over 21,507 net acres (34,000+ gross) High-impact portfolio of on-shore U.S. oil and gas projects Extensive foundations of science and land in all…
Management & Team Alan C. OHare, President and CEO Former President and CEO of DDX Corp. and Hunter Energy LLC which he co-founded with John Masters; as well as COO of Frontier Resources. 38 years experience in petroleum engineering,…
Technical Advisory Team Mr. Curtis Ditzell - Chief Technical Advisor Mr. Ditzell is an independent consultant to the oil and gas business and is President of Ditzell Exploration. Mr. Ditzell has a B.S. degree in Geosciences, College…
Portfolio Summary Phat City - light oil prospect (5,500 feet) - Montana 41.3% interest in 21,707 gross acres (8,965 net), WVR is Operator Vertical test wells, identified two oil reservoirs, Nisku and Three Forks (Bakken)…
Phat City Project Phat City, Nisku Formation, Montana Oil Project Project Parameters Located in Valley County in NE Montana in the Williston Basin 41.3% working interest and operator in 21,707 net acres By-passed pay targeting 45…
Phat City Project Phat City, Bakken/Three Forks Formation Oil Project Project Parameters Located in Valley County in NE Montana in the Williston Basin 41.3% working interest and operator in 21,707 net acres Targeting 40 API light…
Regional Players High Level of Activity in NE Montana Apache Southwestern Energy Enterprize Energy Daniels Divide WVR Phat City Valley Sheridan Williams Roosevelt American Eagle McCone Richland McKenzie GMX Resources…
Phat City Location WVRs Phat City Project, NE Montana. Nisku Analog Field The Tule Creek (East) Field 7 Nisku wells 7,500 feet. 10.56 MMBO and 2.7 BCF. Average per well recovery: 1.5 MMBO and 380 MMCF. Potential Upside…
Total Threeforks Gross Isochore CI = 2 Phat City Bakken/ Three Forks WVR Corporate Presentation 18
Phat City Well Results Cornwell 1-14 Completed in November 2011 drilled to total depth of 5,495 feet Confirmed oil in place in both the Nisku (5,366) and Bakken formations (5,266) Nisku Oil is in place, trapped behind the fault…
Phat City Well Results Nelson 9-14 Completed June 2012 drilled to total depth of 5,500 Oil shows were logged in the upper Nisku but the thickness and porosity were determined to be inadequate for commercial production Lithology…
Emerald Forest Project Emerald Forest, Wyoming Gas Project Parameters Located in Uinta County in SW Wyoming 100% working interest and operator in 2,240 net acres By-passed pay with well defined geology, petrophysics, petrography…
Day Butte Project Day Butte, Wyoming Gas Project Parameters Located in Fremont County, central Wyoming 100% working interest and operator in 1,080 acres By-passed pay with rich gas 1,154 BTU realizes a 15% price advantage per mcf…
Day Butte Location Wind Rivers Day Butte Field, Wyoming. EnCana, Noble and Source: ConocoPhillips projects. WVRs Day Butte property is located in the vicinity of the giant Madden and Frenchie Draw field complex in Wyoming.…
Wind Rivers Fed 1-17 well Wind Rivers Lease Areas Original slide obtained from presentation Encana in Wyoming www.wyogasfair.org/paul%20ulrich.pdf
Milagro Project Milagro, Colorado/New Mexico Oil Project Parameters Located in northern New Mexico/southern Colorado Title cure held by Wind River on 93,591 acres pursuant to the waiver and indemnification agreement with the…
Resource Summary Prospective Resources and Valuation (net to WVR) Project Prospective Net Present Per Share Resource Value (10%) Phat City (Nisku )* 14 mmb oil 227,000,000 3.34 Phat City (Three Forks)* 30 mmb oil 473,000,000 6.96…
Value Proposition Phat City Nisku Phat City Three Forks Emerald Forest Day Butte 473 Million 500 (53 Wells) 352 Million NPV10 (MM) (28 Wells) 400 300 227 Million (17 Wells) 124 Million (13.5 Wells) 200 50 Million…
Single Well Performance Single Well Comparison (Note: all figures are on a PER WELL basis) (See appendices for more information) Phat City Economics Phat City - Nisku Emerald Forest Day Butte Bakken/3-Forks IRR 100% 100% 100% 100…
Why Wind River What Makes Wind River DIFFERENT We are exploiting low-risk, U.S.-based, by-passed pay (lower risk) near producing fields with significant financial upside which can be incrementally leveraged to gain required…
Appendix 1 Economic Assumptions Single Well Phat City Prospect - Nisku Drilling and completion costs (M) 1,400 Oil price (/bbl) 45.00 Gas price (/Mscf) 3.74 Operating costs (/Month) 5,000 Cost and price escalation (%/yr)…
Appendix 2 Phat City Nisku Resource Summary Phat City Nisku Prospective Resource C D E F G H I J Resource Estimates High Estimate High Estimate Low Estimate Low Estimate High Estimate High Estimate Low Estimate Low Estimate Per 160…
Appendix 3 Economic Assumptions Single Well Phat City Prospect Three Forks Drilling and completion costs (M) 3,500 Oil price (/bbl) 45.00 Gas price (/Mscf) 3.74 Operating costs (/Month) 10,000 Cost and price escalation (%/yr)…
Appendix 4 Economic Assumptions Single Well Emerald Forest Prospect Drilling and completion costs (M) 1,500 Oil price (/bbl) N/A Gas price (/Mscf) 3.00 Operating costs (/Month) 2,000 Cost and price escalation (%/yr) Futures…
Appendix 5 Economic Assumptions Single Well Day Butte Drilling and completion costs (M) 2,500 Gas price (/Mscf)(1,154 BTU) 3.68 Operating costs (/Month) 2,000 Cost and price escalation (%/yr) Futures Severance and ad valorem…
For Further Information Paul Cox Vancouver / (604) 689-0037 pcoxwindriverenergy.com Alan OHare Denver / (303) 708-1900 aoharewindriverenergy.com www.windriverenergy.com Photo: Wind River Energy Corp Day Butte 1-17 /…