1) Enhanced Oil Resources is an oil and gas company focused on increasing production and reserves through infill drilling and CO2 enhanced oil recovery in the Permian Basin.
2) The company owns the largest undeveloped helium and CO2 field in North America which could supply their CO2 EOR projects.
3) Their plan is to increase production to 1,000 bopd in 2010 through infill drilling and fracture stimulation, and begin permitting for CO2 pipelines and facilities.
Marginal oil fields present economic challenges but can be profitably developed using unconventional techniques. The document outlines various unconventional techniques like horizontal drilling, hydraulic fracturing, tiebacks, and cable deployed ESPs that have been successfully used in case studies to reduce costs and increase production from marginal fields, making them economically viable. It also discusses the data and time constraints faced in developing marginal fields and how various conventional techniques can help optimize costs.
The field development plan aims to maximize oil recovery from the Sirri-A oil field located offshore Iran. Key objectives include developing a reservoir model, evaluating development strategies, and determining cash flows. The reservoir is a limestone formation from the Cretaceous period. Analysis shows it has an initial oil in place of 1.78 billion stock tank barrels and is primarily driven by water. Development scenarios include a base case, increased well counts, secondary water injection, and tertiary WAG injection. The WAG scenario recovers an estimated 52.3% of the oil in place.
This document summarizes the methodology used to optimize hydraulic fracturing in the San Jorge Basin in Argentina. State-of-the-art well logging tools and collaboration between operating and service companies were used to better understand reservoir conditions and design fractures. NMR logging, sonic logs, and pressure diagnostics during fracturing were integrated to determine fracture heights and calibrate models. This approach resulted in improved well performance through more accurate fracture design tailored to each reservoir's characteristics.
Field development plan, rate of production,SYED NAWAZ
It gives you an idea about an impact of reservoir damage on production rate
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PENNGLEN FIELD Development Plan (GULF of MEXICO)PaulOkafor6
A FDP designed with the goal to define the development scheme that allows the optimization of the hydrocarbon recovery at a minimal cost for project sanction
This was designed by MSc Students from the Institute of Petroleum Studies, UNIPORT/ IFP School, France
This document summarizes the Plains CO2 Reduction (PCOR) Partnership activities related to CO2 storage and enhanced oil recovery. It provides an overview of the PCOR region, key projects including Bell Creek, Aquistore, and Zama, and lessons learned from the Weyburn Project. The PCOR aims to demonstrate CO2 storage at commercial scale through integrated site characterization, modeling, risk assessment, and monitoring, verification, and accounting activities to ensure safe and permanent CO2 storage.
The document summarizes the efforts of an operator in Argentina to reduce freshwater consumption in hydraulic fracturing operations by using produced water as the base fluid. Tests were conducted on various sources of produced water from 2005-2010 to evaluate their suitability. Initial tests in 2005 identified sources that maintained adequate fracturing fluid viscosity over time. Subsequent years saw a gradual increase in produced water usage, reaching 54.8% of the total water volume used in 2010 and reducing freshwater consumption by 5.7 million gallons. The methodology helped establish reliable sources and procedures for using produced water while maintaining fracturing treatment performance.
The document summarizes a presentation on the past, present, and future of oil prices. It explains that oil prices rose extraordinarily since 1970 due to above-ground hurdles limiting supply expansion. Recent price declines are attributed to slowing global growth and rising shale oil production. Technological advances may allow shale and other sources to continue growing, keeping supply abundant and prices in the range of $40-60 per barrel long-term.
Increasing interest by governments worldwide on reducing CO2 released into the atmosphere form a nexus of of opportunity with enhanced oil recovery which could benefit mature oil fields in nearly every country. Overall approximately two-thirds of original oil in place (OOIP) in mature conventional oil fields remains after primary or primary/secondary recovery efforts have taken place. CO2 enhanced oil recovery (CO2 EOR) has an excellent record of revitalizing these mature plays and can dramatically increase ultimate recovery. Since the first CO2 EOR project was initiated in 1972, more than 154 additional projects have been put into operation around the world and about two-thirds are located in the Permian basin and Gulf coast regions of the United States. While these regions have favorable geologic and reservoir conditions for CO2 EOR, they are also located near large natural sources of CO2.
In recent years an increasing number of projects have been developed in areas without natural supplies, and have instead utilized captured CO2 from a variety of anthropogenic sources including gas processing plants, ethanol plants, cement plants, and fertilizer plants. Today approximately 36% of active CO2 EOR projects utilize gas that would otherwise be vented to the atmosphere. Interest world-wide has increased, including projects in Canada, Brazil, Norway, Turkey, Trinidad, and more recently, and perhaps most significantly, in Saudi Arabia and Qatar. About 80% of all energy used in the world comes from fossil fuels, and many industrial and manufacturing processes generate CO2 that can be captured and used for EOR. In this 30 minute presentation a brief history of CO2 EOR is provided, implications for utilizing captured carbon are discussed, and a demonstration project is introduced with an overview of characterization, modeling, simulation, and monitoring actvities taking place during injection of more than a million metric tons (~19 Bcf) of anthropogenic CO2 into a mature waterflood.
Longer versions of the presentation can be requested and can cover details of geologic and seimic characterization, simulation studies, time-lapse monitoring, tracer studies, or other CO2 monitoring technologies.
Commerce Resources Corp. (TSXv: CCE, FSE: D7H) is pleased to provide an update on the flotation pilot plant currently underway for the Company’s 100% owned Ashram Rare Earth Deposit.
Oil and Gas Undergrond Storage Keystone Project.Jeffrey Pickett
The document discusses plans for an oil storage feasibility study at the Batson Salt Dome in Hardin County, Texas. It outlines the phases and tasks of the study, which include a geological review, cavern and well engineering design, regulatory requirements, an exploratory test well, and infrastructure needs. The study determined that two storage caverns and disposal wells could be used for underground oil storage. It provides details on the local geology, regulatory framework for underground storage in Texas, cost estimates for drilling a test well, and land requirements.
Adoption of the applied surface-backpressure types of managed pressure drilling (MPD) technologies in deepwater have mainly involved the use of a rotating control device (RCD). The RCD creates a closed drilling system in which the flow out of the well is diverted towards an automated MPD choke manifold (with a high-resolution mass flow meter) that aside from regulating backpressure also increases sensitivity and reduces reaction time to kicks, losses, and other unwanted drilling events. This integration of MPD equipment into floating drilling rigs to provide them with MPD capabilities, including the capacity to perform pressurized mud cap drilling (PMCD) and riser gas mitigation (RGM), has produced improvements not only in drillability and efficiency, but most importantly in process safety. Case histories on how MPD has performed will be presented on the following: • allowed drilling to reach target depth in rank wildcat deepwater wells that have formations prone to severe circulation losses and narrow mud weight windows; • increased drilling efficiency by minimizing non-productive time associated with downhole pressure-related problems and by allowing for the setting of deeper casing seats; • enhanced operational and process safety by allowing for immediate detection of kicks, losses and other critical downhole events. • provided riser gas mitigation capabilities that can detect a gas influx once it enters the drilling fluid stream, and not after it has already broken out above the rig blow-out preventers (BOPs).
The SPE Foundation and member donations primarily fund the SPE Distinguished Lecturer Program. Companies also support the program by allowing employees to serve as lecturers. Additional support comes from AIME. The program provides 30 minute presentations on reservoir topics. Robert Hawkes will present on hydraulic fracture flowback dynamics, discussing load fluid recovery and its implications for long term production. His presentation will cover laboratory observations, field data, and diagnostic tools to understand flowback mechanisms and estimate ultimate load fluid recovery.
Commerce Resources Corp. announces the completion of the flotation pilot plant, the first phase in a series of related pilot plant tests on material from the Company's 100% owned Ashram Rare Earth Deposit.
This document provides information about reservoir engineering. It discusses how reservoir engineers use tools like subsurface geology, mathematics, and physics/chemistry to understand fluid behavior in reservoirs. It also describes different well classes used for injection/extraction, environmental impacts of enhanced oil recovery, and various reservoir engineering techniques like simulation modeling, production surveillance, and evaluating volumetric sweep efficiency. Thermal and chemical enhanced oil recovery methods are explained, including gas, steam, polymer, surfactant, microbial and in-situ combustion injection.
This is an in-depth course that is designed to provide the participants with a solid understanding of reservoir engineering and associated modern theories in order to manage and maximize hydrocarbon recovery. Hands-on examples and exercises are used throughout the course to help participants with understanding key performance concepts. Participants are encouraged to bring their own laptop computer to class.
This document summarizes the use of a packerless, multistage fracture stimulation method called pinpoint fracturing (PPF) in Argentina. Key points:
1) PPF has been used to complete 22 wells with 193 fractures since 2006, allowing more selective stimulation and aggressive fracturing treatments.
2) The method uses coiled tubing to hydrajet perforate intervals and pump fracturing fluid down the annulus, isolating stages with sand or bridge plugs.
3) A case study describes applying PPF across 9 wells with 90 stages, reducing completion times compared to conventional methods using packers.
The new Center for Sustainable Shale Development, a collective of both drilling companies and environmentalist groups, have proposed a new standards certification program. These 15 standards are the initial "first cut" at promoting more environmentally-friendly shale in the Marcellus Shale region. The intent is for drillers and pipeline companies to become certified by the CSSD. Without certification? Persona non grata.
Oil and Gas Undergrond Storage Keystone Project.Jeffrey Pickett
The document provides details of a feasibility study for a natural gas storage facility at the Batson Salt Dome in Hardin County, Texas. It outlines two phases of work, with Phase I completed involving geological review and engineering of caverns and wells. Phase II is proposed to further assess regulatory requirements, drill an exploratory test well, design solution mining infrastructure, acquire land and pipelines, and develop a project timeline and budget. Maps and technical details of the geology, wells, and proposed design of the storage facility and associated infrastructure are presented.
The document provides details of a proposed oil exploration and drilling project in the Cambay Basin in Gujarat, India. JPIL plans to drill 13 exploratory wells to depths between 800-2500 meters using drilling rigs, mud systems, and other equipment. Technical details are provided on the local geology, including source rocks and reservoirs, as well as planned drilling and testing operations. An economic analysis covers requirements for workforce, power, water, and raw materials. While pros include the basin's production history, cons are the oil's low API gravity and potential for low flow rates from basalt reservoirs with limited natural permeability.
Crk marketing pres european gold forum 2011Crocodile Gold
Crocodile Gold is an Australian gold producer with assets located in the Northern Territory. In 2011, the company expects to increase production to between 85,000 and 100,000 ounces of gold from multiple open pit and underground mines. Key catalysts for production growth include the expected start of mining at the high grade Cosmo underground mine in mid-2011 and the potential start of production at the Pine Creek open pit mine later in 2011. This production growth is expected to lower the company's cash costs per ounce throughout the year.
Where to from here? Oil & Gas Investor article by Bettina Pierre-Gillesbettinapg
1) Drilling for coalbed methane in Alberta's Horseshoe Canyon and Mannville formations is increasing as operators shift to more horizontal wells.
2) The Horseshoe Canyon is the only commercial coalbed methane play in Canada so far, with over 2,700 wells producing around 150,000 cubic feet per day on average.
3) The Mannville formation has potential but is not yet commercial due to water production challenges; some operators are exploring horizontal drilling to potentially unlock more gas at faster rates.
2Co Energy - Don Valley Power Project - Securing Energy Supporting Growth – D...Global CCS Institute
As a part of the Institute's strategic focus on assisting CCS projects through knowledge sharing, three North American roadshow events will help the industry share project experiences and knowledge about CCS. Taking place in the US and Canada, the three events include:
• Austin, Texas on November 8, 2011;
• Calgary, Canada on 10 November, 2011; and
• Washington, D.C. on 19 January, 2012.
The first roadshow focused on sharing project experiences and knowledge from the projects in North America but also brought in projects from Europe (Don valley) and Australia (Callide) so that regionally diverse experiences could be shared amongst a global audience.
Attendance at the event was around 30 to 35 which allowed open and frank discussions around technical, management, and regulatory issues and how these challenges can impact on a project’s advancement and decision making processes.
Fossil Bay Energy - Investment Opportunity CIM - September 2016 - BMM v3Dan Kulka
Fossil Bay Energy is commercializing a novel method of enhanced oil recovery (EOR) using portable exhaust gas production units. This method uses combustion exhaust gas, which contains 13% CO2, injected directly at oil wellheads. It can effectively recover stranded oil reserves left behind by conventional extraction methods by doubling the recoverable oil. Unlike CO2 flooding which requires expensive pipelines to transport CO2 from distant sources, Fossil Bay's mobile units produce exhaust gas onsite, making EOR economically viable for thousands of additional oil fields. Fossil Bay aims to develop strategic relationships with oil producers to secure rights to apply this new EOR method.
All Oil Companies Are Not Alike outlines Denbury Resources' strategy of acquiring mature oil fields and using carbon dioxide flooding techniques to recover additional oil reserves. Denbury has over 1 billion barrels of potential oil reserves accessible through CO2 enhanced oil recovery. They own or control over 1,000 miles of pipelines to transport CO2 to oil fields as well as strategic CO2 supply sources. Denbury focuses on applying proven CO2 flooding processes to repeatably grow production and reserves from its inventory of oil fields suitable for the technique.
QMX Gold Corporation owns the Snow Lake Mine and Lac Herbin Mine gold properties in Manitoba and Quebec, Canada. A 2010 feasibility study outlined plans to restart production at Snow Lake Mine based on proven and probable reserves of 451,900 ounces of gold over a 5-year mine life. A recent internal review identified potential changes to the feasibility study assumptions that could increase cash costs to US$825 per ounce from the original estimate of US$640 per ounce.
This 2002 annual report from Devon Energy Corporation provides an overview of the company's strong financial and operational performance in 2002, highlights of integrating recent acquisitions, and positioning for continued future growth. Key points include record total production of 188 million barrels of oil equivalent, replacing 278% of production through drilling at a cost of $7.18 per barrel, nearly doubling in size through acquisitions of Mitchell Energy and Anderson Exploration, and establishing a firm financial and operational foundation for future growth through debt reduction and focused investment.
QMX Gold Corporation owns the Snow Lake gold mine and Lac Herbin gold mine. A feasibility study for the Snow Lake mine outlined an after-tax IRR of 79% and payback period of 1.7 years producing an average of 83,000 ounces of gold per year over a 5 year mine life. QMX also announced a planned $45 million debt facility to finance the Snow Lake project with an interest rate of LIBOR + 5.5% before commercial production. Mineral reserves for Snow Lake are estimated at 451,900 ounces of gold and resources are estimated at 728,000 ounces measured and indicated and 336,700 ounces inferred.
- QMX Gold Corporation owns the Snow Lake Mine gold production and exploration property located in Manitoba's Snow Lake mining district.
- A 2010 feasibility study outlined average annual gold production of 83,000 ounces over a 5-year mine life at cash costs of US$640/ounce.
- A recent internal review identified potential changes that could increase cash costs to US$825/ounce, including expanding the man-camp and operating equipment via leases rather than purchases.
Magellan Petroleum is executing a turnaround strategy focused on maximizing value from existing oil and gas assets in the US, Australia, and UK. Key assets include 22,000 acres in Montana's Poplar Dome, which has several near-term reserve development opportunities, and Australian natural gas assets generating long-term revenue. The company has $40 million in cash and a portfolio of assets positioned for improved cash flow and reserve growth through development activities and new contracts.
Lake Shore Gold provided an operational and financial update for Q4 and full year 2011. Key highlights included doubling gold production to 86,565 ounces and doubling resources for a second consecutive year. The company is focused on ramping up mining and milling capacity to 3,000 tonnes per day by late 2012 through development work at Timmins West Mine and Bell Creek. Guidance for 2012 is 85,000 to 100,000 ounces of gold production.
New base 1008 special 05 march 2017 energy newsKhaled Al Awadi
Saudi Arabia continued to lead OPEC's production cuts in February, lowering output by 90,000 barrels per day to 9.78 million barrels daily. Overall, OPEC production fell 65,000 barrels to 32.17 million barrels per day in February, the first month of its supply cut agreement. However, increases from Iran, Nigeria and Libya meant OPEC's total output remains 415,000 barrels above its target. Angus Energy plans to begin production from the Kimmeridge formation at its Brockham oil field in the UK in the coming months after analysis confirmed similar reservoir properties and natural fracturing to a nearby discovery. Fighting in Libya led to the seizure of the country's largest oil port of Es S
Cobar Consolidated Resources is developing the Wonawinta Silver Project in New South Wales, Australia. Construction is 65% complete, with commissioning expected in March 2012. The project involves open pit mining and processing of a 51 million ounce silver resource. Updated resources estimates show 65% of the 33.5 million tonne resource is now indicated. Permitting and exploration upside were also discussed.
Lake Shore Gold Corp. is a gold mining company with operations in Timmins, Ontario. The document discusses the company's five steps to value creation, which include solid and growing production, low operating costs, effective capital management, a strong balance sheet, and exploration upside. It provides production and cost targets for 2012 and 2014, and outlines the company's plans to fund growth through recent financing activities. Lake Shore Gold operates three multi-million ounce gold complexes in Timmins, including the Timmins West complex which is expected to drive near-term production growth.
English champion iron_mines_october 9, 2012shosein2011
This corporate presentation by Champion Iron Mines provides an overview of the company and its iron ore projects in Canada. Champion owns 14 iron ore projects in Quebec's Labrador Trough region, including its flagship Consolidated Fire Lake North project. A 2011 preliminary economic assessment for the CFLN project estimated an internal rate of return of 41.5% and indicated the ability to produce 8.7 million tonnes of concentrate annually for 25 years. The presentation highlights the project's resources, infrastructure access, development timeline, and potential for expansion through further exploration.
This document is Devon Energy Corporation's 2005 Annual Report. It summarizes the company's key accomplishments for the year, including record financial results and adding nearly 440 million barrels of proved oil and gas reserves, almost double the amount produced. It highlights successful drilling projects like the Barnett Shale that contributed significantly to reserve growth. The report also discusses Devon's strategy of investing in longer-term projects to ensure sustainable growth, such as discoveries in the deepwater Gulf of Mexico and the Jackfish oil sands project in Canada.
English champion iron mines sept 18th 2012shosein2011
This corporate presentation by Champion Iron Mines provides an overview of the company's iron ore exploration and development projects in Canada's Labrador Trough region. It summarizes plans to develop the flagship Consolidated Fire Lake North Project, which has over 4 billion tonnes of mineral resources and is expected to produce 8.7 million tonnes of concentrate annually. The presentation also discusses Champion Iron's competitive advantages, management team experience, capital structure, and growth opportunities through developing its portfolio of 14 early-stage projects in the established iron ore district.
The update provides details on workovers and interventions at Ezzaouia to increase production above 800 bopd, positive initial results from a gas cycling program at El Bibane to stop water production and a workover at Robbana that successfully produced from an upper zone but further assessment is needed of a lower thicker oil zone.
Since inception, Dejour has consistently seized the advantage of our management team's talent to identify premium assets at optimal timing, and then to monetize those assets for our shareholders.
Dejour provides a corporate presentation summarizing its oil and gas assets and operations. The company holds over 45,000 net acres in the Piceance Basin and over 19,000 net acres in the Peace River Arch region. Dejour expects production to increase to over 1,200 BOE/d in Q3 2015 from existing wells at its Woodrush, Hunter, and Kokopelli projects. The presentation also highlights Dejour's other exploration prospects and provides a financial and corporate overview.
2. Forward-Looking Statements
Certain statements contained herein are forward-looking statements, including statements relating to Enhanced Oil
Resources’ operations; business prospects, expansion plans and strategies. Forward-looking information typically
contains statements with words such as “intends,” “anticipate,” “estimate,” “expect,” “potential,” “could,” “plan” or
similar words suggesting future outcomes. Readers are cautioned not to place undue reliance on forward-looking
information because it is possible that expectations, predictions, forecasts, projections and other forms of forward-looking
information will not be achieved by Enhanced Oil Resources. By its nature, forward-looking information involves
numerous assumptions, inherent risks and uncertainties. A change in any one of these factors could cause actual events or
results to differ materially from those projected in the forward-looking information. Although Enhanced Oil Resources
believes that the expectations reflected in such forward-looking statements are reasonable, Enhanced Oil Resources can
give no assurance that such expectations will prove to be correct. Forward-looking statements are based on current
expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to
differ materially from those anticipated by Enhanced Oil Resources and described in the forward-looking statements or
information. The forward-looking statements are based on a number of assumptions which may prove to be incorrect.
Readers should be aware that the list of factors, risks and uncertainties set forth above are not exhaustive. Readers should
refer to Enhanced Oil Resources' current filings, which are available at www.sedar.com, for a detailed discussion of these
factors, risks and uncertainties. The forward-looking statements or information contained in this news release are made as
of the date hereof and Enhanced Oil Resources undertakes no obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information, future events or otherwise, unless so required by
applicable laws or regulatory policies
3. Enhanced Oil Resources Inc. Stock Profile
• Market capitalization: $55MM*
• 149MM shares outstanding, 190MM shares fully diluted
• Trades on TSX-Venture Exchange under symbol EOR
• Average daily trading volume (3 Mos.): 150,000
* As of 05/03/10
TSX-V:EOR 3
www.enhancedoilres.com
4. Company Vision
To become a leading energy producer in the Permian Basin
through continued development of our resources of Oil,
Helium and CO2.
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5. Corporate Profile
• Oil production growth via infill drilling, fracture stimulation, water
flooding & CO2-enhanced oil recovery
– Average Q1 2010 production of 520 bopd
– CO2 Pilot flood at Company owned Milnesand San Andres Unit completed
– Approximately 28,000+ total gross acres with 250+ potential 20 acre locations
– Approximately 50 near term fracture stimulations of existing San Andres wells
– Potential reserves at 3 Company owned oil fields through WAG CO2 flooding is
estimated at 50 to 60 mm barrels recoverable*
• Owner/operator of St. Johns Helium/CO2 field in AZ and NM, the largest
undeveloped field of Helium and CO2 in North America
– In-place He/CO2 resource of 15 Tcf**. Proved + Probable reserves of 2.3 tcf
– Potential recoverable helium resource of 30 Bcf**
– Enough 2P reserves for 200mmcfpd pipeline for 30 years
• Cash on hand approximately $1.0MM. Debt Free
*Source: Advanced Resources Int. (2007,2008)
**Source: W.M. Cobb & Associates (2005,2008) 5
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6. Operational Focus: Permian Basin
EOR St Johns Helium/CO2 Field EOR Permian Basin Oilfields
• 300 miles to EOR operated oil fields • Current owner and Operator of 3 oilfields
• Construction to begin late 2014 • Currently producing 520 bopd Q1 2010
• Completion expected in 2015 • CO2 pilot project at Milnesand resulted in 4mm
• Initial Target Rate: 200 MMcfpd +/- barrels (Proved + Probable) in Phase 1 project
• Potential 3rd party sales • Potential reserves at Milnesand 14 mm barrels
• Helium Sales Agreement with Air Liquide • Potential reserves at Chaveroo 34 mm barrels
• Potential reserves at Crossroads 13 mm barrels
Sheep
McElmo • CO2 Agreement with Kinder Morgan in place
Mountain
Dome • Delivery no later than 09/2012
Bravo
Dome
St. Johns
6 Tcf potential Jackson
200 MMcfpd (Phase 2) Denver Dome
Permian
City
Basin
EOR Inc. proposed pipeline
EOR Inc. Oilfields
Sources: DOE [2006] and industry sources
6
7. 2009 Financial & Operational Results
• Gross Revenues of $5.7 million, 33% increase from 2008
• Production of 264 BOPD, Entered 2010 at 520 BOPD (Q1/10 average)
• 66% operating margin per BOE
• Proved Developed reserves of 1 million BOE
• PV-10 of $30 million
• Proved + Probable reserves of 4.5 million BOE
• PV-10 of $61 million
• St Johns Arizona He/CO2 resource of 12 Tcf CO2 in place (50% -70% rec)
• St Johns Helium resource potential (phase 1) 8 Bcf
• St Johns Arizona Unit Agreement signed October 2009 (5 Years)
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8. Reserve Growth through Technology Improvements
Current asset base of 3 oilfields has the potential to increase oil reserves from ~ 1mm barrels
(proved developed) oil recoverable to in excess of 50 mm barrels oil recoverable through
infill drilling and secondary/tertiary (CO2-EOR) recovery. Current production of 520 bopd
can be increased to over 8,000 bopd. Re-development of these assets to be implemented in
two phases.
Phase 1
Implement infill drilling and fracture stimulation of the San Andres reservoir at Milnesand
and Chaveroo fields followed by CO2 flooding via existing 5 Year CO2 contract.
Phase 2
Implementation of full field CO2 flooding at these and other fields from the Company’s St
Johns Helium and CO2 field in Arizona and New Mexico or through alternate gas contract.
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9. Company Strategy
Build reserves and cash flow through Exploitation of existing assets,
Acquisition of new assets and Implementation of CO2 - Enhanced Oil Recovery.
Exploit Acquire Implement
• 28,000 Net acres in • Maintain Oil Focus • St Johns Helium/CO2 field
Permian Basin
• Oilfields with a strategic fit • 100 mmcfpd raw feedstock
• Recompletions to existing assets liquid He plant (0.72% He)
• Reactivations • Develop a 2nd focal area • 200 mmcfpd Permian Basin
CO2 pipeline
• Frac existing wells • Upside through reactivations
and facility improvements • EOR - CO2 flooding
• Down spacing to 20 ac
• Miscible CO2 flood potential
• Up hole (new) zones
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10. Recent Growth –Track Record
BUILD RESERVES and cash flow through Exploitation of existing assets,
Acquisition of new assets and Implementation of EOR-CO2 recovery.
BOPD Production Growth Increase in Proved Developed
Reserves
800
600
2010 Goal* * 1,500,000
BOPD
2010 to date*
400 * 1,000,000
200 500,000
0 0
2006 2007 2008 2009 2010 2006 2007 2008 2009
Increase in Proved Reserves Growth in 2P Reserves
3,000,000 5,000,000
Barrels Oil
4,000,000
2,000,000 3,000,000
1,000,000 2,000,000
1,000,000
0 0
2006 2007 2008 2009 2006 2007 2008 2009
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11. Recent Growth –Track Record
Build reserves and CASH FLOW through Exploitation of existing assets,
Acquisition of new assets and Implementation of EOR-CO2 recovery.
Cash Flow From Operations Reduction in Lease Operating
Costs
1000000
500000 150
$/boe
100
0
50
-500000 0
1
3
1
3
1
-1000000
Q
Q
Q
Q
Q
08
08
09
09
10
20
20
20
20
20
-1500000
2009 Q1 2009 Q2 2009 Q3 2009 Q4 2010 Q1
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12. San Andres: 20 Acre Infill Program Economics
EOR Inc. has the potential for approximately 250 20 acre infill wells
• Capex per well - $500,000
• Initial Production – 30 to 40 BOPD
• Cum Oil per well - 38,000 bo
• NPV(10%) - $670,000 per well
• IRR - 63%
• 5 Year inventory of drilling locations at 20 acre spacing
• Peak production potential of 6,500 BOPD prior to CO2 injection
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16. Milnesand San Andres Pilot CO2 Flood
Cawley Gillespie Reserves Report Nov. 2009
• CO2 injection initiated September, 2008. Ceased injection August, 2009
• 5 spot pattern. 1 injector; 4 producers
• Peak output per pattern is expected to be 65-90 bopd (2 years)
• Over 100 patterns in Milnesand available under full flood development
• ARI in report Oct 07 estimated 17mm barrels recoverable under CO2
• ARI in report Feb 09 “Results to date match model very well”
• Cawley Gillespie Engineers - 2.2 mm barrels proved; 5 mm barrels probable
based on results of pilot to date for Phase 1 3,000 acre flood
• Phase 1 Peak production 3,500 BOPD in 4 years
• Flood response mirrors Denver City early time results; 14 mm barrels 3P for
6,000 acre field area
• Milnesand is adjacent to Chaveroo San Andres field (EOR 95% owned)
• ARI Chaveroo report Jan 07 estimated 34mm barrels recoverable under CO2
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17. Enhanced Oil Resources Plan for 2010
• Exit 2010 with a rate of 1,000 bopd
• 5 well 20 acre infill drilling at Milnesand
• 5 fracture stimulations at Milnesand
• 5 well drilling commitment at St Johns He/CO2 field
• Start ROW permitting of 25 mile 6 inch CO2 pipeline to Company owned oilfields
• Start permitting for 100 mmcfpd raw feed gas liquid He plant at St Johns
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18. Enhanced Oil Resources Offers
• Ground floor investment opportunity in large scale infill development and
tertiary oil recovery projects with proven technology
• Multi Year inventory of 250 20 acre infill drilling opportunities
• Oil production upside through CO2-EOR from captured fields
• Tremendous leverage into additional CO2 –EOR opportunities
• Ground floor investment opportunity in largest undeveloped
helium and CO2 field in North America
• Minimal Exploration Risk
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www.enhancedoilres.com
19. Management
• Barry Lasker – President, CEO & Director
– 28 years oil & gas experience: geology/geophysics
– Former CEO Kestrel Energy, GHP Exploration, former asset manager BHP Petroleum, Esso Australia
• Kyle Willis – CFO
– 30+ years financial oil & gas experience
– Former CFO Harken USA, former CFO TransAtlantic Petroleum, DrillTube Int’l, Buttes Resources,
Inc.
• Cynthia Newman – CAO
– 20+ years financial experience
– Former Controller Gulfsands Petroleum Plc., former Manager Financial Accounting, Dresser Inc.
• Jamie Hogue – Vice President Government Affairs
– Former Deputy Land Commissioner Arizona State Land Dept.
• Don Currie – Director Investor Relations
– 14 years with the Company
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www.enhancedoilres.com
20. Directors
• Rod Eson – Chairman
– Co-Founder Venoco
– Founder & CEO Foothill Energy
• Tom Milne
– International finance
• Ed Parker
– 35+ years oil & gas experience
– El Paso, Burlington Northern, Burlington Resources
• John Dorrier
– Former CEO Gulfsands Petroleum Plc.
– Amoco, BHP Petroleum, Seven Seas Petroleum
• Barry Lasker – President and CEO
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www.enhancedoilres.com
21. Corporate Information
Corporate Headquarters Contact Us
Enhanced Oil Resources Inc. Barry Lasker – President and CEO
One Riverway, Suite 610 blasker@enhancedoilres.com
Houston, TX 77056
Ph: 832.485.8500 Kyle Willis – CFO
Fx: 832.485.8506 wkwillis@enhancedoilres.com
www.enhancedoilres.com
Cynthia Newman – CAO
cnewman@enhancedoilres.com
Don Currie – Director of IR
dcurrie@enhancedoilres.com
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