Dr. Nansen G. Saleri

ML & AI For Upstream Onshore Oil & Gas Congress 2019Houston, TX - August 29, 2019

© Quantum Reservoir Impact, LLC | Confidential 2

Cautionary Note on Forward-Looking StatementsThese materials are furnished to you on a confidential basis as a potential investor in Quantum Reservoir Impact (the “Company” ). These materials do not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase any interest/shares in the company in any jurisdiction, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any related contract. These materials are intended only to provide a broad overview of business plan of the Company for discussion purposes.

Investing in any Business is speculative, not suitable for all types of investors, and intended for experienced and sophisticated investors who are willing to bear the high economic risks of such investment, which can include: (i) a lack of liquidity in that there may be no secondary market for ownership stake sale; (ii) restrictions on transferring ownership of the Company; (iii) an absence of information regarding valuations and pricing; (iv) delays in tax reporting. Also prior to investment, investors should consult with an appropriately qualified financial professional to seek advice on the tax consequences of such an investment. The value of investments may go down as well as up and investors may not get back their original investment.

Furthermore, some of the statements contained in this Business plan, including information incorporated by reference, discuss future expectations, or state other forward looking information. Those statements are subject to known and unknown risks, uncertainties and other factors, several of which are beyond the Company’s control, which could cause the actual results to differ materially from those contemplated by the statements. The forward looking information is based on various factors and was derived using numerous assumptions. In light of the risks, assumptions, and uncertainties involved, there can be no assurance that the forward looking information contained in this Business plan will in fact transpire or prove to be accurate. Important factors that may cause the actual results to differ from those expressed within may include, but are not limited to:

The success or failure of the Company’s efforts to successfully market its products and services as scheduled;

The Company’s ability to attract and retain quality employees;

The effect of changing economic conditions;

The ability of the Company to obtain adequate debt or equity financing;

The Company makes no representation and undertakes no obligation to update the forward looking information to reflect actual results or changes in assumptions or other factors that could affect those statements.

The statements in the presentation are current only as of its date, August 16, 2019.

©2019 Quantum Reservoir Impact LLC® (QRI®). This document contains confidential and proprietary information. Any use of this document without written authorization from QRI is prohibited. No copies, hardcopy, electronic, or otherwise are permitted without the explicit written approval by QRI.

© Quantum Reservoir Impact, LLC | Confidential 3

Huge Sea Change in Energy Sector

The Age of Clean BTUs & Extreme Efficiency

The emerging energy ecosystem has new attributes, all

of which enhance QRI’s differentiated capabilities

Domain Expertise plays Critical Role

Environment-Centric*

Clean BTUs

Extreme Efficiency

Augmented AI, Advanced Analytics, : Big Data Sculpting™0

20

40

60

80

100

120

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017

Brent Oil Price ($/B)

Reserves

Production

1.7 Trillion, 2017

93 mmbd, 2017

Despite price volatility global reserves & production continue to grow spurred by technology and innovation – the space in which QRI has excelled

More than one in three wells drilled in the Permian during 2010-2019 have been uneconomic*

*Source: QRI 2019 Study

© Quantum Reservoir Impact, LLC | Confidential 4

Oil & Gas Rapidly Adopting AI

4

Source: NVIDIA

300 hours of video uploaded every minute

350 million images uploaded per day

2.5 Petabytes of customer data hourly

365 Petabytes - Estimated data generated annually by active Rigs in US alone1

Source: 1: Noble Energy 2: World Economic Forum(WEF) 3: PWC 4: WEF 5: IEA

AI could contribute up to $15.7 Trillion to the global economy in 20303

• Digitalization could be worth up to $1 Trillion for oil and gas over the next decade4

• Digital technologies to increase global oil and gas reserves by 5% and reduce production costs by 10% - 20%5

© Quantum Reservoir Impact, LLC | Confidential 5

Midland & Delaware Basin NPV AnalyticsWOLFCAMP A&B: 2010-2019

3565 Wells @ $50 to $60

© Quantum Reservoir Impact, LLC | Confidential 6

Midland & Delaware Basin NPV AnalyticsWOLFCAMP A&B: 2017-2019

961 Wells @ $50 to $60

© Quantum Reservoir Impact, LLC | Confidential 7

From Chaos of Big Data to Actionable Simplicity

Automated Data

Processing Solutions

Smart, Expert-Based,

Feature Engineering

Machine Learning

Algorithms

“As the marble wastes, beauty emerges.”

~ Michelangelo

Augmented AI: Opening the Black Box

© Quantum Reservoir Impact, LLC | Confidential 8

SGO – SpeedWise® Geology*

$700 MM USD Value

• CHALLENGE: Giant sandstone in Middle East with

nearly 2,000 wells and over 70 years of production history

Stacked reservoirs; commingled production

Complex geology and fluid behavior

• SOLUTION/VALUE: 96 recompletion targets were identified

Estimated value of more than $700 MM USD for those 96 recompletions

Oil gain: 60 MBD

*U.S. Patent Pending

© Quantum Reservoir Impact, LLC | Confidential 9

SDS - SpeedWise® Drilling Solutions*

Example: North America Field

• CHALLENGE: Offshore Field in North America

~4200 days of operation for 42 wells (~70% drilling 2940 days, ~30% completion 1260 days)

Hight NPT (D&C) ~38%

— Drilling NPT 40% and Completion NPT 33%

• SOLUTION/VALUE: SDS was applied to identify the bottlenecks and

improve efficiency

— Identified major sources of NPT

— Recommendation to improve NPT on multiple categories including optimization of downhole equipment and operations

Potential reduction of NPT from 38% to 25%

More than a $400 million of potential savings

Day

s

Days to drill the section

Sect

ion

RO

P

Day

s*U.S. Patent Pending

© Quantum Reservoir Impact, LLC | Confidential 10

SUN - SpeedWise® Unconventional$40 MM USD CapEx Savings

• CHALLENGE:

Operator drilled ~200 wells in Wolfcamp and acquired new acreages

• SOLUTION/VALUE: Geology data from 18000+ wells

Frac & production from 4000+ Wolfcamp wells

— Achieved 80% accuracy

Optimized spacing for multiple Wolfcamp benches

40+ MM USD CAPEX savings

FROM CHAOS TO CLARITY

© Quantum Reservoir Impact, LLC | Confidential 11

In Summary…

Automation & Augmented AI will become the New Norm in Oil & Gas and Beyond

Current Drilling & Completion Financials can be Drastically Improved via Advanced Analytics & Augmented AI

Stringent Validation & SME Oversightof AI are required to Assure Integrityof Predicted Outcomes