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North American Oil & Gas Production Portfolios

Paul Thomas drilled his first well in the Northern San Juan Basin in 1982. In 2017, his team wanted to
purchase the Conoco San Juan basin production package for $4.6B (noted above), about a 6-year payout at
current production decline levels. Not a bad return on your capital. Our decades of knowledge of the
basin, geology and production made us know that the Mancos Shale remains an untapped resource in the
basin than needs to be exploited using horizontal technology. Less than a year later, BP proved that very
point with a 12 MMCF/d 2-mile horizontal discovery in the Mancos.

Now the play is off and running and it will cost twice as much to play as before.

Vertical to Horizontal is a tremendous opportunity for investors.

Oil & Gas Acquisitions in Income Partnerships

As Super-Major and Large Independent Oil & Gas Companies divest and re-align their portfolios, change their
minds between oil and gas and go bankrupt; buying producing oil and gas leases in North America becomes
easier. These properties come on the market or often can be purchased for incredible values.
My team could have placed $10 billion over the past 12 years in this strategy.

Target mid-20% returns with deal terms generally 5-7 years.
10+ year track record of success.

Team has 40+ years’ experience executing this strategy with success.
Learn More About Buying Old Fields and Drilling Horizontally

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