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Legacy Oil + Gas Inc
June 2012 Corporate Presentation
| Trent J. Yanko | Page 16 of 11 |
February 28, 2015
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"June 2012 Corporate Presentation"
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Pierson/Bottineau - Spearfish Light Oil Resource Play R22W1M R2 3 R24 R25 R26 R2 7 R29 R28 T1 T2 T3 N O R T H D A K O T A | M A N I T O B A DOWNDIP LIMIT OF SPEARFISH FAIRWAY WASKADA OOIP ~ 300MMSTB Legacy Lands Legacy Drills Spearfish Producers K LYLETON 09-30-001-28W1M Hydrocarbon Effect MudGas Mississippian Unconformity Manor Zone Waskada Zone Spearfish Npor Dpor Rt GR BOTTINEAU UPDIP LIMIT OF SPEARFISH FAIRWAY PIERSON OOIP ~ 130MMSTB BATTERY SITE 3-D SEISMIC LEGACY DRILLS Spearfish fairway expanded between Pierson and Waskada and extended into North Dakota ? Large oil-in-place pools in Manitoba ? Highly successful application of horizontal wells and multi-stage frac techniques in a marginally economic vertically-drilled reservoir ? Waskada being drilled at up to 24 wells per section (EOG, PWT) ? Significant waterflood potential, up to 14% RF Pierson, Manitoba ? Recent wells demonstrate significant success, exceeding type curve in reserve report and previous operator’s results ? Five wells with longest producing history (average 147 days) have averaged 101 BOE per day per well ? 210 net locations at eight wells per section, approximately 77 percent unbooked ? 24,771 gross (23,819 net) undeveloped acres ? Central oil battery constructed, leading to lower operating costs Bottineau County, North Dakota ? Recent wells have exceeded type curve in reserve report ? First five horizontal wells had 90 day average IP of 98 Boe per day per well ? 230 net locations, approximately 97 percent unbooked; ? Potentially more than 570 net locations, at eight wells per section ? 67,433 gross (53,889 net) undeveloped acres