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Empire Energy Investment Opportunity

Velkerri Shale - Marcellus Equivalent EMPIRE energy A major unconventional opportunity with the Velkerri/Kyalla shales, with original gas in place equivalent to 3 stacked Marcellus shale plays Effective Porosity (%) Equivalent porosity and maturity 3x gas per square mile With millions of acres in the core Gas In Place 300 (Bcf/sq mi) 7.0% Ro (%) 1.9% Equivalent depositional environment 6.7% 1.8% Velkerri Marcellus Velkerri 'B' interval alone equivalent to the Marcellus Net Thickness (ft) 450' 45% 40% Equivalent minerology Quartz (%) 150' 100 25% 25% Sw (%) 6% 8% TOC (%) 65% 7,500 0.6 65% 9,500 Equivalent deliverability 0.6 Frackability (1-Clay %) TVD (ft) Slightly deeper in core areas Pressure Gradient (psi/ft) Identical pressure gradient Minimal water production Similar organic content Source: American Energy Partners Clear USA shale analog of Marcellus shale identified for the Velkerri shale 16
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