Advantagewon Oil Fact Sheet, Q3 2014

May 6, 2018 | Author: Anonymous | Category: Investor Relations
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1. [ 1 ] Guadalupe County TEXAS Saratoga Property (Hardin County) Overview: • Goal: Stock correlated to the price of oil • Declared first dividend of $0.01 per common share to shareholders of record on  June 15, 2014 • Representative a 10% return of investor’s original investment • Go public process underway Saratoga Property • Lucrative property in the Texas Saratoga Salt Dome area in Hardin County • Salt Domes are unique geological features in which a vent of salt has pushed up to form a dome shaped structure which other formations developed on top of and up against the sides • Property acquisition included land leases, 1 producing and 2 plugged 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 • April 2014 completed drilling our first well which is currently producing 70 barrels of oil per day • The first Saratoga well has proven reserves of almost 70,000 barrels of oil with possible reserves in excess of over 100,000 barrels • December 2014 drilled our second well which has proven reserves of over 75,000 barrels of oil • Net drilling cost per barrel of the well was less than US$12 per barrel based on proven reserves RESERVE CATEGORY ESCALATED CASE NET RESERVES AS OF NOV 1, 2013 FUTURE NET INCOME $ PRESENT WORTH OF FUTURE NET INCOME DISCOUNTED AT 10%/ANNUM. $ HYDROCARBON LIQUIDS (BBL) NATURAL GAS (MEF) PROVED DEVELOPED PRODUCING 4,380 0 172,390 138,100 PROVED NON PRODUCING 2,970 0 64,040 51,980 PROVED UNDEVELOPED 221,260 0 11,761,510 7,651,210 TOTAL PROVED 228.610 0 11,997,940 7,841,290 PROBABLE UNDEVELOPED 967,580 0 62,653,870 35,183,770 TOTAL PROVED + PROBABLE 1,196,190 0 74,761,810 43,025,060 Junior oil company with a focus on active pursuit of small yet profitable opportunities in Texas, USA. Share Capitalization • 50,322,235 common shares issued • 62,492,521 fully diluted 2. [ 2 ] La Vernia Property • Located in Guadalupe County, Texas, US, which is approximately 90 miles inland from the Gulf of Mexico • 51-101 Reserve Report shows a Net Present Value (10% discount rate) of $119 million of oil based on 10,000 acres • Advantagewon entered into a land acquisition agreement (1,200 acres) on a lucrative but conservative drilling opportunity • Property  is located adjacent to a large land parcel with over 6,000 existing producing wells • These  wells are approximately 1,000 ft. deep, cost $90-$100,000 per well to 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 RESERVE CATEGORY ESCALATED CASE NET RESERVES AS OF NOV 1, 2013 FUTURE NET INCOME $ PRESENT WORTH OF FUTURE NET INCOME DISCOUNTED AT 10%/ ANNUM. $ HYDROCARBON LIQUIDS (BBL) NATURAL GAS (MEF) PROVED UNDEVELOPED 2,808,000 0 157,546,690 71,383,520 TOTAL PROVED 2,808,000 0 157,546,690 71,383,520 PROBABLE UNDEVELOPED 1,872,000 0 105,458,660 47,770,110 TOTAL PROVED + PROBABLE 4,680,000 0 263,005,350 119,153,630 • 12% of the 119 million applies to our acreage Development Plans Saratoga Property • Maintain production on 3 open wells • Investigate new drilling locations • Existing 51-101 La Vernia Property • Additional leasing ongoing, targeting 3,000+ acres • Plan on drilling 1 to 2 wells by the end of Q1 2015 • May be able to drill up to 300 new wells • Existing 51-101 New Fields • The company is actively pursuing additional leasing and acquisition opportunities Team PAUL HABER, C.A., C.P.A., Chairman & Chief Executive Officer JOHN M. THIBEAUX, P.E. Executive Vice President, US Operations DAVID COPELAND Vice President, Geology PAUL VAN BENTHEM, Director STAN DIMAKOS, Director Contact: Paul Haber +1.416.318.6501 [email protected]


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