Advantagewon Oil Fact Sheet, Q3 2014
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[ 1 ] Guadalupe County TEXAS Saratoga Property (Hardin County) Overview: • Goal: Stock correlated to the price of oil • Declared first dividend of $0.01 per common share to shareholders of record on June 15, 2014 • Representative a 10% return of investor’s original investment • Go public process underway Saratoga Property • Lucrative property in the Texas Saratoga Salt Dome area in Hardin County • Salt Domes are unique geological features in which a vent of salt has pushed up to form a dome shaped structure which other formations developed on top of and up against the sides • Property acquisition included land leases, 1 producing and 2 plugged wells and 1 salt water disposal well • 51-101 Reserve Report shows a Net Present Value (10% discount rate) of over $40 million of oil • April 2014 completed drilling our first well which is currently producing 70 barrels of oil per day • The first Saratoga well has proven reserves of almost 70,000 barrels of oil with possible reserves in excess of over 100,000 barrels • December 2014 drilled our second well which has proven reserves of over 75,000 barrels of oil • Net drilling cost per barrel of the well was less than US$12 per barrel based on proven reserves RESERVE CATEGORY ESCALATED CASE NET RESERVES AS OF NOV 1, 2013 FUTURE NET INCOME $ PRESENT WORTH OF FUTURE NET INCOME DISCOUNTED AT 10%/ANNUM. $ HYDROCARBON LIQUIDS (BBL) NATURAL GAS (MEF) PROVED DEVELOPED PRODUCING 4,380 0 172,390 138,100 PROVED NON PRODUCING 2,970 0 64,040 51,980 PROVED UNDEVELOPED 221,260 0 11,761,510 7,651,210 TOTAL PROVED 228.610 0 11,997,940 7,841,290 PROBABLE UNDEVELOPED 967,580 0 62,653,870 35,183,770 TOTAL PROVED + PROBABLE 1,196,190 0 74,761,810 43,025,060 Junior oil company with a focus on active pursuit of small yet profitable opportunities in Texas, USA. Share Capitalization • 50,322,235 common shares issued • 62,492,521 fully diluted
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Transcript of Advantagewon Oil Fact Sheet, Q3 2014
[ 1 ]
GuadalupeCounty
TEXASSaratogaProperty
(Hardin County)
Overview:• Goal: Stock correlated to the price of oil
• Declared first dividend of $0.01 per common share to shareholders of record on June 15, 2014
• Representative a 10% return of investor’s original investment
• Go public process underway
Saratoga Property• Lucrative property in the Texas Saratoga
Salt Dome area in Hardin County
• Salt Domes are unique geological features in which a vent of salt has pushed up to form a dome shaped structure which other formations developed on top of and up against the sides
• Property acquisition included land leases, 1 producing and 2 plugged wells and 1 salt water disposal well
• 51-101 Reserve Report shows a Net Present Value (10% discount rate) of over $40 million of oil
• April 2014 completed drilling our first well which is currently producing 70 barrels of oil per day
• The first Saratoga well has proven reserves of almost 70,000 barrels of oil with possible reserves in excess of over 100,000 barrels
• December 2014 drilled our second well which has proven reserves of over 75,000 barrels of oil
• Net drilling cost per barrel of the well was less than US$12 per barrel based on proven reserves
RESERVE CATEGORY ESCALATED CASE
NET RESERVES AS OF NOV 1, 2013
FUTURE NET INCOME $
PRESENT WORTH OF FUTURE NET INCOME
DISCOUNTED AT 10%/ANNUM. $
HYDROCARBON LIQUIDS (BBL)
NATURAL GAS (MEF)
PROVED DEVELOPED PRODUCING 4,380 0 172,390 138,100
PROVED NON PRODUCING 2,970 0 64,040 51,980
PROVED UNDEVELOPED 221,260 0 11,761,510 7,651,210
TOTAL PROVED 228.610 0 11,997,940 7,841,290
PROBABLE UNDEVELOPED 967,580 0 62,653,870 35,183,770
TOTAL PROVED + PROBABLE 1,196,190 0 74,761,810 43,025,060
Junior oil company with a focus on active pursuit of small
yet profitable opportunities in Texas, USA.
Share Capitalization• 50,322,235 common
shares issued
• 62,492,521 fully diluted
[ 2 ]
La Vernia Property• Located in Guadalupe County, Texas, US, which is approximately 90 miles inland from
the Gulf of Mexico
• 51-101 Reserve Report shows a Net Present Value (10% discount rate) of $119 million of oil based on 10,000 acres
• Advantagewon entered into a land acquisition agreement (1,200 acres) on a lucrative but conservative drilling opportunity
• Property is located adjacent to a large land parcel with over 6,000 existing producing wells
• These wells are approximately 1,000 ft. deep, cost $90-$100,000 per well to drill with starting production of about 10–15 barrels of oil per day (bpd). Wells in this field have produced on average for 35 years
RESERVE CATEGORY ESCALATED CASE
NET RESERVES AS OF NOV 1, 2013
FUTURE NET INCOME $
PRESENT WORTH OF FUTURE NET INCOME DISCOUNTED AT 10%/
ANNUM. $HYDROCARBON
LIQUIDS (BBL)NATURAL
GAS (MEF)
PROVED UNDEVELOPED 2,808,000 0 157,546,690 71,383,520
TOTAL PROVED 2,808,000 0 157,546,690 71,383,520
PROBABLE UNDEVELOPED 1,872,000 0 105,458,660 47,770,110
TOTAL PROVED + PROBABLE 4,680,000 0 263,005,350 119,153,630
• 12% of the 119 million applies to our acreage
Development Plans
Saratoga Property• Maintain production on 3 open wells
• Investigate new drilling locations
• Existing 51-101
La Vernia Property• Additional leasing ongoing, targeting 3,000+ acres
• Plan on drilling 1 to 2 wells by the end of Q1 2015
• May be able to drill up to 300 new wells
• Existing 51-101
New Fields• The company is actively pursuing additional leasing and
acquisition opportunities
TeamPAUL HABER, C.A., C.P.A., Chairman & Chief Executive Officer
JOHN M. THIBEAUX, P.E. Executive Vice President, US Operations
DAVID COPELAND Vice President, Geology
PAUL VAN BENTHEM, Director
STAN DIMAKOS, Director
Contact:Paul Haber +1.416.318.6501 [email protected]
