Nextraction Energy Corp · OTC:NXTFF
Nextraction Energy — Investor Presentation (February 2010)
16 slides from Nextraction Energy's investor presentation, February 2010
Slide 1: North Pinedale Anticline and Devonian Shale Gas
TSXV: NE North Pinedale Anticline - Sublette Co., Wyoming Devonian Shale Gas - Kentucky & Tennessee February 2010
Slide 2: Forward Looking Statements Disclaimer
•FORWARD LOOKING STATEMENTS DISCLAIMER This presentation is prepared by Nextraction Energy Corporation management. This information may not be complete, up to date, or reliable. Certain statements in this document may contain “forward-looking statements” or “forward-looking information” within the m
Slide 3: Corporate Summary
Corporate Summary TSXV: NE LARGE RESERVE POTENTIAL: “Proof of concept wells will enable Nextraction to continue 2500 acres in N. Pinedale – major development on existing 72,000 + acre leasehold” Potential for 60 well locations CANADA USA Appalachian Over 70,000 acres in N. Pinedale Basin Appalachian
Slide 4: Directors & Officers
Directors & Officers Mark S. Dolar, President, Chief Executive Officer and Director Experience - 27 years experience in the American oil and gas industry developed extensive knowledge and expertise in the production and development of oil and gas properties. History – Last 15 years, managing partner
Slide 5: Strategy
Strategy SHORT RANGE STRATEGY – 2010 • Drill First Pinedale Well – Funded & Mobilized • Raise Funds for Completion of Initial Drilling Program – With Logs in Hand • Establish Cash Flow • Raise Funds for First Phase of Expansion • Acquire New Multi-Horizon Projects in our Area of Expertise LONG RANGE
Slide 6: Commencing Operations
Commencing Operations Drilling First Well on N. Pinedale • Drilling has commenced on the Noble #6-24 well • Noble #6-24 is 800 meters from Recently Completed & Producing Shell Wells • Second Well Planned for Q3-Q4 2010 Permitting for 4 Wells on Appalachian Basin Project • Initial Proof of Concept We
Slide 7: Leasehold Map
Leasehold Map Noble #6-24 Shell Producing Wells
Slide 8: Adjacent Operators 2008 Production in T33N, R109W
ADJACENT OPERATORS 2008 PRODUCTION IN T33N,R109W -Shell Western Exp & Production Inc.- Producing wells - 90 Monthly Production – 4.25 BCFG/2,946 BO Forecasted Reserves –Data not available -Ultra Petroleum Resources- Projected wells – 5,570 Monthly Production – 6 BCFG/4,478 BO Forecasted Reserves -11
Slide 9: Six Shell Wells Recently Completed & Producing
Six Shell Wells Recently Completed & Producing– Awaiting IP Reports
Slide 10: Deal Terms
Deal Terms Nextraction has entered into a partnership agreement with Vantage Energy Green River, LLC. FIRST 2 WELLS BEFORE PAYOUT NEXTRACTION VANTAGE 100% 0% AFTER PAYOUT (if back-in is exercised) NEXTRACTION VANTAGE 73.75% 26.25% SUBSEQUENT WELLS BEFORE AND AFTER PAYOUT NEXTRACTION VANTAGE 25% 75%
Slide 11: Appalachian Basin
Appalachian Basin Map Source – USGS Open file report 2005-1268 Energy Associates Data not public Nextraction Project Area Operators currently developing the Devonian age shales in our project area are: CNX Energy Corp. Atlas Energy NGAS, Inc. Energy Associates, Inc. and Equitable Resources, Inc. CNX
Slide 12: Shale Core – Appalachian Basin
Appalachian Basin Shale Core – George Brown #3 Core Sample
Slide 13: Deal Terms
Deal Terms Nextraction has entered into a partnership agreement with Vinland Energy Operating, LLC and South Fork Energy, LLC. FIRST 4 WELLS NEXT 25 WELLS BEFORE PAYOUT BEFORE PAYOUT NEXTRACTION 95% NEXTRACTION 95% SOUTH FORK ENERGY, LLC 5% SOUTH FORK 5% VINLAND/VANGUARD 0% VINLAND/VANGUARD 0% AFTER
Slide 14: Competitive Advantage
Competitive Advantage Recovering Commodity Prices – Natural Gas Futures: $5.50-6.50 Low Cost Reserves – Projects allow for economic development avg. <$2.00 per mcfg Technical Expertise – Vantage Energy to Operate Pinedale Property (Former EnCana Management); Vinland Energy Operating, LLC has 30 year
Slide 15: Current Capital Structure
Current Capital Structure Nextraction is a debt free, tightly held company Issued and Outstanding Shares 11,703,513 Warrants ($0.65 shares to 11/10) 4,452,003 Warrants ($0.95 shares to 11/10) 1,881,000 Stock Options ($0.42 shares to 11/13) 1,125,000 Stock Options ($0.85 shares to 12/14) 570,000 Full
Slide 16: Contact Information
Contact Information TSXV: NE Nextraction Energy Corp. 550 Burrard Street, Suite 328 Vancouver, B.C., Canada V6C 2B5 Mark S. Dolar Karmen Jade Birss President & CEO Corporate Development Phone: (604) 630-0300 Phone: (604) 628-4717 TollFree: 1-888-630-0370 Cell: (801) 502-5085 Cell: (604) 837-5889 Fax
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