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Empire Energy Investment Opportunity

Barney Creek Shale - Utica Equivalent EMPIRE energy A major unconventional opportunity with the Barney Creek shale, with original gas in place equivalent to 50% more than Utica shale plays Source: American Energy Partners Equivalent porosity and maturity Effective Porosity (%) 10.0% 50% more gas per square mile Gas In Place (Bcf/sq mi) Ro (%) 9.0% 1.9% 2.0% Equivalent depositional environment Barney Creek Utica 3x the net Net Thickness (ft) Sw (%) 90 thickness Slightly higher water saturation 300' 60 20% 10% 100' 25% 20% Equivalent mineralogy Quartz (%) 4% 4% TOC (%) Equivalent organic content 70% 80% 9,000' Equivalent deliverability 0.7 Frackability (1-Clay %) 9,500' TVD (ft) Equivalent Depth 0.8 Pressure Gradient (psi/ft) Similar pressure gradient psi/ft Clear USA shale analog of Utica shale identified for the Barney Creek shale 17
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