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Four Well Farmout Opportunity – 2014 click to advance. Aquinas currently has 31,000 acres of prospects in Texas. This opportunity represents 60 acres in Brazoria County at Damon, Tx. AQUINAS MANAGEMENT TEAM. Joe Grace, Chairman of the Board
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Aquinas currently has 31,000 acres of prospects in Texas. This opportunity represents 60 acres in Brazoria County at Damon, Tx.
AQUINAS MANAGEMENT TEAM • Joe Grace, Chairman of the Board • Mr. Grace is a venture capital investor in energy. He has CEO and Chairman experience in several public and private companies. He excels in strategic planning, corporate management, marketing, governance, and investor relations. He began his career at Gulf Oil Company and was recruited to join Texas Commerce Bank. His fifteen years in commercial banking led him to several entrepreneurial investments in banks and other businesses. He is currently an investor in two other E & P companies. • R. Randall Rainey, J.D., LL.M., Chief Executive Officer • Mr. Rainey is the founder, President and CEO of Capital Management Advisors LP, a registered investment advisor. He has experience in SEC regulatory compliance, strategic planning, corporate performance management, and federal administrative law. Prior to creating his advisory firm, he was Senior Vice President, Strategic Initiatives, at Crown Castle International (NY: CCI).
MANAGEMENT TEAM • Don Sample, President and Chief Operating Officer • Mr. Sample is a graduate of the Business School of the University of Texas at Austin with a degree in Petroleum Land Management with over 35 years of oil and gas experience. He was a land man with Houston Oil & Minerals, a Land Manager with Key Production Company and from 1985 to present has been an Independent oil and gas producer. Mr. Sample is the President of Sample Production Company. He manages the day to day operations of Delco Operating Company, L.P. • Charles Atchison, Executive Vice President, Business Development • Mr. Atchison is President of CSA Exploration and President of AMSOperating Company LLC, the General Partner of Delco Operating Company, L.P. He brings over 30 years of experience in independent energy exploration and production. He has specialized expertise in the infield development of salt dome formations.
MANAGEMENT TEAM • James Heiser, Chief Financial Officer • Mr. Heiser is a graduate of the University of Texas and holds an MBA from Loyola University in New Orleans. He is a retired Certified Public Accountant. His active career with Shell Oil Corporation spanned 35 years working in finance and accounting roles in both upstream and downstream operations. Corporate management positions followed in Accounting, Treasury, and Internal Audit. As Director of Internal Audit, he and his organization were responsible for providing an independent and informed view of the state of business controls and governance processes to U.S. business management and to the Audit Committee of the Board. • William A. Gaskin, Strategic Partner, Exploration and Development Geophysicist • Mr. Gaskin is a highly regarded geologist and geophysicist. He brings over 40 years of experience in energy exploration. He specializes in integrating various methods for hydrocarbon and mineral exploration including: seismic, geochemistry, gravity, magnetics, surface geology, satellite image interpretation, and unconventional methods. He is credited with the discovery of multiple fields and is an expert in the analysis and development of salt dome formations.
MANAGEMENT TEAM • Randall Newton, Controller • Mr. Newton is a graduate of the University of Texas and has been a Certified Public Accountant in the State of Texas for nearly twenty five years. He has served as Corporate Controller for a national transportation company, has been Chief Financial Officer in various oil and gas joint ventures and has been an accounting software development consultant to many companies implementing a wide range of information processing and Enterprise Resource Management systems. In 2001, Mr. Newton founded Newton Collaboration to help small cap public companies fulfill their statutory reporting requirements with the Securities and Exchange Commission through deployment of accounting personnel and technologies. Samuel E. Whitley, Securities Counsel • Mr. Whitley is the Managing Partner of Whitley LLP, a corporate and securities law firm. He has over 20 years of experience in handling sophisticated corporate and securities matters for domestic and foreign businesses, such as public and private securities offerings, securities compliance, mergers and acquisitions, and restructurings. Mr. Whitley also serves as outside general counsel to several publicly traded companies and investment companies. As a result, he works with senior management to create innovative solutions in a wide variety of business scenarios.
Aquinas Energy Resources Inc. owns the Belle Wisdom North and Belle Wisdom South leases at Damon Mound in Damon, Texas. According to geological data, there are potentially over 440,000 BOE of recoverable reserves on these leases. The potential value for a Four Well Farmout of producing at a 70% recovery rate and with oil at $90 per barrel is in excess of $15,000,000on an investment of approximately $2,300,000 for a NRI of approximately 650%.
DAMON MOUND NE FLANK PROSPECT AREAS Belle Wisdom North Belle Wisdom South Bullfrog
2 1 3 4 5 6 7 Aquinas Seismic Survey- Initial 2D Seismic lines to Shoot: 3, 4, 5 8 9 10 11 12
Belle Wisdom North and Belle Wisdom South Prospects • Prospect areas cover 60 acres • Targets are Marge and Frio attic pays. • Total Marge and Frio reserves for both prospects total more than445,975BOE.
Belle Wisdom Cross-Section Locations Belle Wisdom North Belle Wisdom South
Belle Wisdom South Cross-SectionB-B’ Marge Pinch Out 102 BOPD 159 BOPD 118 BOPD 137 BOPD 151 BOPD Frio Pinch Out
Proposed Well Locations Belle Wisdom South Prospect Target: F1 Four Potential Sites
Belle Wisdom South Prospect Plan of Development • Development requires 4 new wells to recover attic reserves in the Marge and Upper Frio. • Lower Frio has additional reserves that are not yet mapped. (see slide further into the presentation) • There appears to be Miocene gas and oil above the HET on the leases.
Belle Wisdom South Cross-Section A-A’ Unproduced Marge Pinch Out in Belle Wisdom #2
Proposed Well Locations Belle Wisdom North Prospect Target: F1 and Isopach
Belle Wisdom North Prospect Plan of Development • Re-entry or drilling to develop Margereservoir. • Sparse drilling has left multiple prospects for potential wells. • Lower Frio has additional reserves that are not yet mapped. • Seismic is planned for development. • These two wells are potential future opportunities for a second two to four well farmout program.
Belle Wisdom North and South Prospects Potential Recoverable Reserves • F1 has approx. 25’ of pay over 2.3 acres = 43,493 BOE. • F2 has approx. 20’ of pay over 4.38 acres = 66,261 BOE. • F3 has approx. 35’ of pay over 2.3 acres = 60,890 BOE. • Total Frio pay = 170,644 BOE. • Marge Sand has approx. 40’ of pay over 9.1 acres = 275,331 BOE. • Total Potential Recoverable Reserves = 445,975 BOE.
RISK CONSIDERATIONS • This presentation does not offer to sell or solicit an offer to buy securities in Aquinas Energy Resources, Inc. Securities in Aquinas Energy Resources, Inc. are offered exclusively through its Subscription Document, which may be obtained from the Company only by qualified investors. • An investment in Aquinas Energy Resources, Inc. is speculative, and involves a high degree of risk, including the risk of loss of the entire investment amount. • Statements made in this presentation include forward-looking projections and estimates which, though they are made in good faith based upon information available at the time they are being made, may not be met. • Estimates of future reserves are based in part upon projections by Aquinas Energy Resources, Inc.’s petroleum engineers and geologists; actual reserves, if any, may differ materially from such projections. Future revenue from any such reserves is highly dependent on the future prices of oil and natural gas which have historically been very volatile. • Drilling to establish productive oil or natural gas wells could result in a loss of capital, including loss of the entire investment in such wells as a result of, among other things: (a) Drilling Dry-Holes or discovering insufficient quantities of oil and natural gas to warrant well completion; and (b) Completing wells which may not produce commercial quantities of oil or gas. All projects are subject to problems that could disrupt drilling or production, such as underground blowouts, mechanical problems during drilling, or severe weather. Losses resulting from problem situations may not be covered by insurance. • Additional risks are described in the Subscription Document, which must be read in full by any person wishing to invest in Aquinas Energy Resources, Inc. Investors should consult with their advisers before making any such investment. • This presentation contains proprietary and confidential information and may not be copied or distributed without Aquinas Energy Resources, Inc.’s prior written consent.