Credit Suisse Investment Banking Pitch Book
Overview of Maine financial analysis
methodologies
Discounted Cash Flow ("DCF")
Net Asset Value ("NAV") Analysis
Discounted proved, probable,
possible ("3P") and resource
potential14.25-year unlevered free
cash flows (9/30/12-12/31/2026E)
- Cash flows from remaining
reserves after 2026E discounted
to 9/30/12 based on the weighted
average remaining life of
production
Discount rates based on capital
asset pricing model and weighted
average cost of capital
Various pricing and risking cases
drive cash flows
CREDIT SUISSE
Selected Companies Analysis
Reviewed current trading
multiples of selected public
companies
Applied selected multiple ranges
to Maine's projected financial
and operating data
Reference Ranges
Selected Transactions Analysis
Reviewed purchase price
multiples of selected transactions
Applied selected multiple ranges
to Maine's financial and operating
data
Confidential
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