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DXI Energy Inc
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February 2019 Corporate Presentation
| Robert L. Hodgkinson | Page 3 of 11 |
October 31, 2024
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"February 2019 Corporate Presentation"
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February 2019 Elevator Pitch February 2019 DXI’s CEO and Chairman, without compensation, are rebuilding the Company’s shareholder value from the bottom up. To date in 2019 they have: ? Extinguished a C$7million financial contract liability for zero cash or equity. ? Deferred interest on all debt until the end of April 2019. ? Converted C$4.28million secured debt to equity now (of which disinterested shareholder approval still required on C$3.5million at the April AGM). ? Initiated a plan to convert the balance of $4million, ideally in H2-2019 , eliminating all future interest expense based on successful efforts of go forward plans. ? Eliminated C$280,000 in accrued compensation owed. ? Currently raising C$1.8million in new equity capital ? Expanded the search for new, substantial, low cost- to-market oil reserves, to further utilize company owned in place infrastructure at Woodrush. ? Targeted fresh avenues of investment capital to create future E&P partnership opportunities both organically and through accretive acquisition, via DXI’s public framework.