13
Q4 2014 Corporate Presentation

Advantagewon Oil Presentation Q4 2014

Embed Size (px)

Citation preview

Q4 2014

Corporate Presentation

This presentation may contain "forward-looking" information,including statements concerning the Corporation's outlook forthe future, as well as other statements of beliefs, future plansand strategies or anticipated events, and similar expressionsconcerning matters that are not historical facts. The forward-looking information and statements are subject to risks anduncertainties that could cause actual results to differmaterially from those expressed in, or implied by, thestatements. These risks and uncertainties include availabilityand prices of oil and gas, supplies and equipment, productpricing, the competitive environment and related marketconditions, operating efficiencies, access to capital, the costof compliance with environmental and health standards,adverse results from ongoing litigation and actions ofdomestic and foreign governments. Advantagewon Oil Corp.assumes no obligation to publicly update or revise theseforward-looking statements even if experience or futurechanges make it clear that any projected results expressed orimplied therein do not materialize.

Forward Looking Statement

2

Junior oil company with afocused pursuit of small yetprofitable opportunities in Texas,USA

� Goal: Dividend paying stockcorrelated to the price of oil

� Declared first dividend of $0.01per common share to shareholdersof record on June 15, 2014

� Represents a 10% return of investor'soriginal investment

� Team expects to generate highproduction and investor returns onour properties

� Go public process has begun

Advantagewon Overview

3

Saratoga Property

4

� Advantagewon acquired lucrative property in the Texas Saratoga Salt Dome area in Hardin County through an estate sale. Our technical team found oil updip of wells where the oil has remigrated to the top of the formation and where the reservoir pressure has recharged over the last 40-50 years

� The property acquisition included land leases, 1 producing and 2 shut-in wells and 1 salt water disposal well

� 51-101 Reserve Report shows a Net Present Value (10% discount rate) of over $40 million of oil

� In April 2014 Advantagewoncompleted Marlatt #1 which had initial flow rate of over 100 barrels per day (bpd), proven reserves of 70,000 barrels of oil and possible reserves over 100,000 barrels of oil.

� In December 2014, Advantagewondrilled Caswell #12 which has proven reserves of almost 75,000 barrels of oil with possible reserves in excess of over 125,000 barrels.

� Net cost per barrel of oil is less than $12 per barrel based on proven reserves

� The Company may drill another 1 to 2 wells in 2015 in Saratoga.

Saratoga Property

5

• The Texas Salt Dome area is where Mobil, Exxon and Chevron started in the early 1900’s -over 68MM barrels of oil have been produced in this area

• Salt Domes are unique geological features in which a vent of salt has pushed up to form adome shaped structure where surrounding formations were pushed up with the dome to formadditional structures. All these formations have the potential to trap significant oil and gasproduction

• Advantagewon has over 400 acres, 148 acres are in production on the Caswell lease, 50recently acquired on the Marlatt lease and another 200+ from original purchase of our Karikerlease

• The Company may drill 1 to 2 more well on this property in 2015 and anticipates similargeological results

Salt Dome Significance

6

7

La Vernia Property

� Located in GuadalupeCounty, Texas, US

� 51-101 Reserve Reportshows a Net Present Value(10% discount rate) of$119 million of oil based on10,000 acres

� Guadalupe County is 90miles inland from the Gulfof Mexico

� Oil was first discovered inLa Vernia in 1939. Therewere over 1,000 wellsproducing at the peak ofdevelopment

� Advantagewon recently entered into a land acquisition agreement on alucrative but conservative drilling opportunity

� Currently have 1,200 acres with additional leasing opportunities beingpursued

� Property is part of a field with over 6,000 existing producing wells

� These wells are approximately 1,000 ft. deep, cost $90-$110,000 per wellto drill with starting production of about 10 –15 barrels of oil per day(bpd)

� Wells in this field have produced on average for 35 years

� Average reserves for these wells are 6,000 barrels of oils resulting in grosscosts per barrel of $15 to $18.33

� Advantagewon is planning on leasing additional acreage and anticipatehaving 3,000 + acres within 2 to 3 months.

� Once land is leased Advantagewon plans on drilling 3 test wells followedby a further 5 wells.

� Based on results Advantagewon plans to drill between 4 and 5 new wellseach month.

� With 3,000 acres we anticipate being able to drill +/- 300 wells.

La Vernia Property

8

� 51-101 Reserve Report shows a Net Present Value (10%discount rate) of $119 million of oil and gas

� 12% of the $119 million applies to our current acreage, withplans to go to 30% of the $119 million

La Vernia Property

9

Saratoga Property

� Maintain production on the 3 open wells

� Investigate additional drilling locations

� Existing 51-101

La Vernia Property

� Additional leasing ongoing

� Drill 1 to 2 wells by the end of Q 1 2015

� Significant growth may drill up to 300 wells

� Existing 51-101

New Fields

� The Company is actively pursuing additional leasing and acquisition opportunities

10

Asset Overview: Development Plans

� 50,322,235 common shares issued

� 62,492,521 fully diluted

Share Capitalization

11

Paul Haber, C.A., C.P.A., Chairman and Chief Executive Officer - Paul has significant amount ofpublic company experience. He is the Chairman and Managing Director of BlackBirch Capital Inc.,a private merchant bank with a focus of developing public companies.

John M. Thibeaux, P.E. President and Chief Operating Officer, Advantagewon US Oil, Corp. –John is an E&P Executive with over 30 years of diversified domestic and international experience.John has worked as Chief Operation Officer, VP of Acquisitions, Corporate Development andOperations, and is a thought after consultant in the oil & gas industry. He is a RegisteredProfessional Engineer and has a Masters of Business Administration from University of Houston.

David Copeland, Executive Vice President, Geo Science, Advantagewon US Oil, Corp. – Dave is askilled professional with over 35 years of wide-ranging experience in project research andassessment, operations management and marketing. He has 25 years experience working withsmall petroleum companies in all aspects of projects from research and inception throughcompletion and operations.

Paul Van Benthem, Director –Paul is the Managing Partner of SFO Capital Inc, a privateinvestment management office. Prior to forming SFO, Paul spent 10 years as a investmentadvisor with several national firms where he was continually recognized for his investment acumenand exceeding client expectations. SFO has an active investment model, so in addition to havinghelped numerous companies find the growth capital they need to move forward and acceleratetheir business plans while at the same time helping the firm generate exceptional returns. Paulhas taken on active advisory roles with these investee companies, primarily leading the businessdevelopment function so as to further develop growth through his extensive network andexperience. Paul earned a BA in Economics from the University of Toronto.

Stan Dimakos, Director – Stan is a principal in the Rockford Group, a real estate investmentcompany with holdings in commercial and residential investment properties. He is also the founderand owner of the iconic Champ Burger restaurant on highway 10 north of Orangeville. Currently,serves on the board of PACE credit union and savings, with over $800 million in assets. Stan holdsa business degree from Ryerson University.

Team

12

Contact

Paul Haber

+1 (416) 318-6501

[email protected]

Advantagewon Oil Corp. Corporate Presentation 13