Investor Presentaiton
Corporate Overview
Houston-based exploration and production company with onshore properties in Reeves
County in Texas, Louisiana, and Colombia; founded 2001
Two primary intangible assets:
1) Great operating partners in Texas (Founders Oil & Gas Operating, LLC) and Colombia
(Bogata-based Hupecol Operating, LLC)
2) Clean company
No debt; no legal issues
Simple capital structure
Low overhead of approximately $475k/qtr
$50 million tax loss carryforward
Two primary tangible assets with significant potential:
1) Permian Basin Undeveloped Acreage
- 18.6% Average Working Interest in the Wolfcamp / Bone Spring / Avalon resource play
covering 960 gross (179 net) acres in Reeves County, TX, Delaware sub-basin
11 net potential horizontal locations identified (5 zones) and peers are also testing the
Wolfcamp C and X/Y
2) Colombia - Three Exploration Licenses
12.5% Working Interest in Heavy Oil Belt covering 392,000 gross (49,000 net) acres in the
Northern Putumayo Basin
â–¶houston american
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