IPAA Private Capital Conference

1. IPAA Private Capital Conference January 16, 2008

2. Integrated Enterprise Energy Management Client Leadership Strategic Vision Communication Client Communication and Management Client/Mobius Energy Team Integration Regulatory Compliance & Sustainability Energy Information Utility Rate Analysis Risk, Supply and Operations Energy Asset Management Service Components • Program Information Tracking • Performance Monitoring And Data Collection • Data Analytics • Problem Identification • Planning • Historical Cost Tracking • Invoice Verification • Invoice Reconciliation and Processing • Recovery Of Incorrect Charges • Special Contracts • Portfolio Analysis • Rate Analysis • Risk Management Strategy Develop. • Energy Procurement • Contract Negotiation • Market Knowledge • Energy Audits • Project Development • Project Management • Capital Planning • Operational Changes • Performance Tracking • Asset Financing • Regulatory Risk Assessment • Compliance Methodologies / Technologies • Compliance Measuring And Validation • LEED (US) • Emissions • F.A.S. and Sarbox Capabilities

3. The Mobius Risk Group Team • Mobius Risk Group • Over 500 man-years commodity risk management, energy procurement, trading, structuring, quantitative analysis, finance and efficiency experience • Goldman Sachs, Salomon Smith Barney, Total, Conoco, TXU, Reliant, Enron, Hess, Avista, Southland Industries, etc. • Have had a significant impact on these issues for our clients • >$9+ billion executed in commodity risk and energy transactions in 2007 • >$300 million in energy technology projects identified and over $120 million implemented • Actively involved in 42 states and 3 continents • Offices: Houston, TX, Phoenix, AZ, Las Vegas, NV, Los Angeles, CA

4. Mobius Risk Group E&P and Capital Provider Offering • Pre-Bid • Model forward revenues, to the well-head, with precision • In conjunction with reserve evaluation software • Risk reductive/competitive advantage • Value embedded optionality, efficiency opportunities and/or unidentified risks in gathering, processing, marketing and transportation agreements • Identifies full flavor of assets • PSA to Close • Develop strategies and value instruments used to hedge revenues, prior to funding • Execute risk strategy in the marketplace in a competitive environment • Navigate ISDA and Credit • Post-Close • Identify hedge restructuring landscape • Monetize options and execute physical efficiency program

5. The Philosophy of Our Relationship • We work for our clients • Augment existing in-house staff or act as our client’s commodity risk and physical energy department • Not a vendor, supplier nor broker - clear fiduciary relationship • Retainer Based Service • Share client objectives • No hidden agenda, internal biases or misaligned objectives • Benefits accrue wholly to our client - no shared savings, commissions nor volumetric incentives that are not in our client’s best interest • Provide cost-effective (FTE Basis) access to a range of experience within Mobius • Mobius is a step up in horsepower • Mobius levels the playing field