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Emerald Oil Inc
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November 2015 Corporate Presentation
| McAndrew Rudisill | Page 3 of 11 |
April 28, 2024
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"November 2015 Corporate Presentation"
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Company Highlights (1) Pro forma for Koch Exploration transaction. (2) Based on increase in proved reserves from 12/31/13 to 12/31/14. (3) Based on midpoint of 2015 production guidance range. ? Realized drilling efficiencies to accelerate production and HBP undeveloped operated DSUs ? 2015 average production guidance range of 5,000 - 5,100 Boe/d Accretive development program expected to further increase production and cash flow3 ? Current proved reserves of 26.3 Mmboe represent a 99% increase year over year(2) ? Estimated year over year production growth of 43% on variable one rig program(3) Pure-play Williston Basin exposure with a high growth rate2 ? Technical capabilities to optimize current portfolio and identify emerging areas within the Basin ? Operational expertise to implement best drilling and completion practices Experienced management team with deep knowledge and expertise in the Williston Basin4 ? ~86,000 net acres(1) (~73,000 or ~85% operated) represents sizeable position within heart of play ? Current drilling spacing units have upside for ~662 potential net drilling locations Oil-weighted Williston Basin operator with scalable operational capability1 2