PP

Gulf Coast Operations With Upside

Producing Properties

All Standard Disclaimers Apply & Seller Rights Retained


Gulf Coast Operations With Upside

SOUTHWEST LA OPERATED SALE PKG

14-Wells (8-Active). 727-Acres. Solid SWD

BEHIND PIPE & WATER FLOOD POTENTIAL

ACADIA, CAMERON, ST. LANDRY

-- & VERMILION PSH.

FUTRAL SANDS & UPPER HACKBERRY

Up to 100% Operated WI; ~74% NRI

Gross Prod: 107 BOPD Plus High Water

Net Production: 72 BOPD (3.1% Oil Cut)

Net Cash Flow: ~$83,760/Month

PDP Net Reserves: 109 MBO

BHP + Waterflood Net Reserves: 251 MBO

COST-EFFECTIVE NEAR-TERM UPSIDE

4-Disposal Wells with Ample Capacity

G&G AVAILABLE FOR DOWNLOAD IN VDR

SOLD BY ENERGY ADVISORS FEB 2020

PP 6886DV

Deal Summary:
WTD Resources, LLC and Oleum Operating LA, LLC have retained Energy Advisors Group to market certain southwest Louisiana operated producing properties in Acadia, Cameron, St. Landry & Vermilion Parishes. The assets include substantial upside opportunities with the potential to nearly double the package's overall value.

AS OF FEBRUARY 3, 2020 THIS PAKCKAGE IS UNDER CONTRACT AND SET TO CLOSE FEB 17, 2020.

Asset Overview:
The sale package consists of 14-Total wells (8-Producing, 2-Shut In & 4-SWDs) spread over five fields and operated by Oleum Operating LA. Production is primarily from the Futral sands and upper Hackberry reservoirs. The seller is delivering up to 100% Operated WI & ~74% Lease NRI. During September 2019, the assets generated gross production of 107 BOPD & 3,443 BWPD (72 BOPD Net) and a 12-month Average Net Cash Flow of $83,761/Mn ($1,005,132 per annum).

As of July 31, 2019, PDP Net Reserves were estimated at 109 MBO (~$2,355,000 PV10) with an additional 251 MBO (~$4,408,000 PV10) from two cost-effective upside opportunities detailed below.

Asset Summaries by Field:

Port Barre Field (St. Landy Psh.)
--- 100% Operated WI; 75% NRI
--- 6 Wells (4-Producing, 1-Shut In Future Utility & 1-Active SWD)
--- Gross Production: 49 BOPD & 0 BWPD (Net: 37 BOPD)
--- 12-Mn Average Net Cash Flow: $54,059/Mn ($648,709 Total)
--- PDP Net Reserves: 78.5 MBO (~$2,179,000 PV10)
Undeveloped Waterflood Upside: $900,000 Gross capital to drill one new injection well and convert one of two existing producers to injection provides access to 188 MBO of proven net reserves. The waterflood is projected to approximately double the current field production (Q4'19) within four years of implementation and increase present value by 150% to ~$5,467,000 PV10.

Gueydan Canal Field (Vermilion Psh.)
--- 81.25% Operated WI; 58.50% NRI
--- 2 Wells (1-Producing & 1-Active SWD)
--- Gross Production: 20 BOPD & 1,300 BWPD (Net: 12 BOPD & 761 BWPD)
--- 12-Mn Average Net Cash Flow: $9,086/Mn ($109,037 Total)
--- PDP Net Reserves: 15.7 MBO (~$247,500 PV10)
Behind Pipe Recompletion Upside: $100,000 Gross capital to recomplete and open up a new productive zone uphole in the Ledoux #1 will unlock 63 MBO net reserves valued at ~$1,368,000 PV10 and extend the operating life of the well by 8-9 years. The existing perforated interval may then be utilized for additional water disposal.

Rayne South Field (Acadia Psh.)
--- 83.25% Operated WI; 61.189% NRI
--- 1 Producing Well
--- Gross Production: 13 BOPD & 0 BWPD (Net: 8 BOPD)
--- 12-Mn Average Net Cash Flow: $11,542/Mn ($138,500 Total)
--- PDP Net Reserves: 10.6 MBO (~$312,200 PV10)

Mallard Bay Field (Cameron Psh.)
--- 84.0% Operated WI; 59.515% NRI
--- 3 Wells (1-Producing, 1-Shut In* & 1-Active SWD)
--- Gross Production: 18 BOPD & 626 BWPD (Net: 11 BOPD & 373 BWPD)
--- 12-Mn Average Net Cash Flow: $7,255/Mn** ($87,055 Total)

* Shut In well has never recorded sales but produces small quantities of gas used to run the producing well on the lease.
** No sales were recorded during March through July 2019 due to multiple pump refurbishments. The producing well returned to production on 6/26/19 and has produced ~1,700 bbls of oil since (as of 10/1/19). The lease is capable of generating net cash flows in excess of ~$13,500/Mn (October - December 2018 average) when running for majority of each month.

Mulvey Field (Vermilion Psh.)
--- 95.379% Operated WI; 73.442% NRI
--- 2 Wells (1-Producing & 1-Active SWD)
--- Gross Production: 7 BOPD & 1,516 BWPD (Net: 5 BOPD & 1,114 BWPD)
--- 12-Mn Average Net Cash Flow: $1,819/Mn ($21,833 Total)


TO LEARN MORE
Energy Advisors Group
Mr. Blake Dornak
A&D Associate
5120 Woodway Dr Ste 10010
Houston, TX 77056
---Phone: 713-600-0123 and Direct: 713-600-0169
---Email: [email protected]

Questions Regarding This Asset? Email Blake Dornak or call EAG at 713-600-0123
Virtual Data Room

SOUTHWEST LA OPERATED SALE PKG

14-Wells (8-Active). 727-Acres. Solid SWD

BEHIND PIPE & WATER FLOOD POTENTIAL

ACADIA, CAMERON, ST. LANDRY

-- & VERMILION PSH.

FUTRAL SANDS & UPPER HACKBERRY

Up to 100% Operated WI; ~74% NRI

Gross Prod: 107 BOPD Plus High Water

Net Production: 72 BOPD (3.1% Oil Cut)

Net Cash Flow: ~$83,760/Month

PDP Net Reserves: 109 MBO

BHP + Waterflood Net Reserves: 251 MBO

COST-EFFECTIVE NEAR-TERM UPSIDE

4-Disposal Wells with Ample Capacity

G&G AVAILABLE FOR DOWNLOAD IN VDR

SOLD BY ENERGY ADVISORS FEB 2020

PP 6886DV

Deal Summary:
WTD Resources, LLC and Oleum Operating LA, LLC have retained Energy Advisors Group to market certain southwest Louisiana operated producing properties in Acadia, Cameron, St. Landry & Vermilion Parishes. The assets include substantial upside opportunities with the potential to nearly double the package's overall value.

AS OF FEBRUARY 3, 2020 THIS PAKCKAGE IS UNDER CONTRACT AND SET TO CLOSE FEB 17, 2020.

Asset Overview:
The sale package consists of 14-Total wells (8-Producing, 2-Shut In & 4-SWDs) spread over five fields and operated by Oleum Operating LA. Production is primarily from the Futral sands and upper Hackberry reservoirs. The seller is delivering up to 100% Operated WI & ~74% Lease NRI. During September 2019, the assets generated gross production of 107 BOPD & 3,443 BWPD (72 BOPD Net) and a 12-month Average Net Cash Flow of $83,761/Mn ($1,005,132 per annum).

As of July 31, 2019, PDP Net Reserves were estimated at 109 MBO (~$2,355,000 PV10) with an additional 251 MBO (~$4,408,000 PV10) from two cost-effective upside opportunities detailed below.

Asset Summaries by Field:

Port Barre Field (St. Landy Psh.)
--- 100% Operated WI; 75% NRI
--- 6 Wells (4-Producing, 1-Shut In Future Utility & 1-Active SWD)
--- Gross Production: 49 BOPD & 0 BWPD (Net: 37 BOPD)
--- 12-Mn Average Net Cash Flow: $54,059/Mn ($648,709 Total)
--- PDP Net Reserves: 78.5 MBO (~$2,179,000 PV10)
Undeveloped Waterflood Upside: $900,000 Gross capital to drill one new injection well and convert one of two existing producers to injection provides access to 188 MBO of proven net reserves. The waterflood is projected to approximately double the current field production (Q4'19) within four years of implementation and increase present value by 150% to ~$5,467,000 PV10.

Gueydan Canal Field (Vermilion Psh.)
--- 81.25% Operated WI; 58.50% NRI
--- 2 Wells (1-Producing & 1-Active SWD)
--- Gross Production: 20 BOPD & 1,300 BWPD (Net: 12 BOPD & 761 BWPD)
--- 12-Mn Average Net Cash Flow: $9,086/Mn ($109,037 Total)
--- PDP Net Reserves: 15.7 MBO (~$247,500 PV10)
Behind Pipe Recompletion Upside: $100,000 Gross capital to recomplete and open up a new productive zone uphole in the Ledoux #1 will unlock 63 MBO net reserves valued at ~$1,368,000 PV10 and extend the operating life of the well by 8-9 years. The existing perforated interval may then be utilized for additional water disposal.

Rayne South Field (Acadia Psh.)
--- 83.25% Operated WI; 61.189% NRI
--- 1 Producing Well
--- Gross Production: 13 BOPD & 0 BWPD (Net: 8 BOPD)
--- 12-Mn Average Net Cash Flow: $11,542/Mn ($138,500 Total)
--- PDP Net Reserves: 10.6 MBO (~$312,200 PV10)

Mallard Bay Field (Cameron Psh.)
--- 84.0% Operated WI; 59.515% NRI
--- 3 Wells (1-Producing, 1-Shut In* & 1-Active SWD)
--- Gross Production: 18 BOPD & 626 BWPD (Net: 11 BOPD & 373 BWPD)
--- 12-Mn Average Net Cash Flow: $7,255/Mn** ($87,055 Total)

* Shut In well has never recorded sales but produces small quantities of gas used to run the producing well on the lease.
** No sales were recorded during March through July 2019 due to multiple pump refurbishments. The producing well returned to production on 6/26/19 and has produced ~1,700 bbls of oil since (as of 10/1/19). The lease is capable of generating net cash flows in excess of ~$13,500/Mn (October - December 2018 average) when running for majority of each month.

Mulvey Field (Vermilion Psh.)
--- 95.379% Operated WI; 73.442% NRI
--- 2 Wells (1-Producing & 1-Active SWD)
--- Gross Production: 7 BOPD & 1,516 BWPD (Net: 5 BOPD & 1,114 BWPD)
--- 12-Mn Average Net Cash Flow: $1,819/Mn ($21,833 Total)


TO LEARN MORE
Energy Advisors Group
Mr. Blake Dornak
A&D Associate
5120 Woodway Dr Ste 10010
Houston, TX 77056
---Phone: 713-600-0123 and Direct: 713-600-0169
---Email: [email protected]

Questions Regarding This Asset? Email Blake Dornak or call EAG at 713-600-0123