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RTA Red Technology Alliance, LLC

RTA Red Technology Alliance, LLC. Jim Buckingham President, RTA . January 16, 2008. RTA - Red Technology Alliance, LLC . Limited Liability Company majority-owned by private equity firms & founded in July 2006 $500 million of cash call commitments for Oil & Gas investments in North America

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RTA Red Technology Alliance, LLC

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  1. RTA Red Technology Alliance, LLC Jim Buckingham President, RTA January 16, 2008

  2. RTA - Red Technology Alliance, LLC • Limited Liability Company majority-owned by private equity firms & founded in July 2006 • $500 million of cash call commitments for Oil & Gas investments in North America • Unique earn-in model: Evaluate, Pilot, Develop • Managed by Halliburton per Service Contract • Well planning, drilling, and completions by Halliburton Project Management • Specializing in unconventional O&G reservoirs requiring Reservoir-Specific Solutions: • Horizontal Wells in Complex Plays • UnderBalanced Horizontal Drilling • Low-Permeability Multi-Zone Completions • Also targets Gulf of Mexico shelf fields that can be redeveloped through Landmark’s advanced seismic processing, imaging and interpretation.

  3. Activities To Date Deal Flow • 128 Leads screened by Business Development • 24 Evaluations by Project Development Team • 5 Negotiations currently active • 4 Pilots/Projects contracted First RTA Pilot initiated January ‘07 • Pilot success led to promotion to Project status and ongoing drilling program Second Pilot August ‘07 • Pilot well drilled and under evaluation • Promoted to Project status in Q4 ‘07 with additional drilling planned in 2008 Third Pilot spud first well December ’07 Fourth Pilot contracted January ‘08 AOGI Pilot Program 2007 Pilot 1- RTA earned ~25% W.I. in 47,000 Net Acres Pilot 2- RTA earned ~50% W.I. in additional 47,000 Net Acres

  4. Opportunity Identification The Target: North America • Significant net acreage for large, multi-well programs • Exploitation rather than exploration with low resource risk • Asset owner sees value in partnering for risk management, technical & operational expertise, and access to services The Market: Constrained Leaseholders • Limited by human or financial resources • Conflicting strategic priorities • Technical difficulty developing a complex play Partner Characteristics • Open to commercial structure allowing RTA to earn-in to 25-50% equity interest through a pilot program • Prefers to maintain operatorship while collaboratively developing the asset with RTA • Entrusts day-to-day execution to Halliburton Project Management as Lead Contractor Technically Challenging? Complex? Stumped? RTA

  5. Contacts President Jim Buckingham 713-839-4689 jim.buckingham@halliburton.com VP Commercialization James Antilley 713-839-4691 james.antilley@halliburton.com VP Business Development Mike Watts 713-839-3158 mike.watts2@halliburton.com

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