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Mooncor is an Emerging Oil & Gas Exploration and Development Company
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Advisory Disclaimer Statements in this presentation may contain forward-looking information. Forward looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by the Company and described in the forward looking statements or information. These risks and uncertainties which may cause actual results to differ materially from the forward looking statements or information include, among other things: general economic and business conditions; the risk of instability affecting the jurisdictions in which the Company operates; the risks of the oil and natural gas industry, such as operational risks in exploring for, developing and producing crude oil and natural gas and market demand; the possibility that government policies or laws may change or governmental approvals may be delayed or withheld; risks and uncertainties involving geology of oil ad natural gas deposits; the uncertainty of reserves estimates and reserves life; the ability of the Company to add production and reserves through acquisition, development and exploration activities; the Company’s ability to enter into or renew leases; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to production (including decline in rates), costs and expenses; fluctuations in oil and natural gas prices, foreign currency exchange rates and interest rates; risks inherent in the Company’s marketing operations, including credit risk; health, safety and environmental risks; and uncertainties as to the availability and cost of financing. Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties. Additional information on these and other factors that could affect the Company’s operations and financial results is included in reports filed with Canadian securities regulatory authorities and is available at and on the Company’s website at The reader is cautioned not to place undue reliance on this forward-looking information. The forward looking statements or information contained in this presentation are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise unless required by applicable securities laws. The forward looking statements or information contained in this presentation are expressly qualified y this cautionary statement. Where amounts are expressed on a BOE basis, natural gas volumes have been converted to oil equivalence at six thousand cubic feet per barrel. The term BOE may be misleading, particularly if used in isolation. A BOE conversion rate of six thousand cubic feet per barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Mooncor is an Emerging Oil & Gas Exploration and Development Company
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About Us Mooncor Oil & Gas wholly-owned subsidiary Primary Petroleum (USA) has concentrated the majority of its resources in the acquisition of prospective oil and gas acreage in Northwestern Montana. The Company has an operated working interest in a large contiguous land position, in excess of 370,000 gross, 218,000 net acres, in the Southern Alberta Basin in Pondera and Teton Counties of northwestern Montana. Primary Petroleum (USA) has gone on to identify a number of well supported exploration and development opportunities in formations ranging from the Cretaceous period to the Devonian period . Primary's land capture is offsetting the previously exploited Pondera Field which produced a total of 29MM barrels of oil. All Primary's new play types encompass petroleum systems with carbonate and clastic targets. Favorable mineralogy and multiple pay intervals are some of the key characteristics demonstrated by the plays developed. Primary is currently acquiring fee simple and state lands in Western Montana. The area is characterized by multi-zone oil and gas targets, is close to existing infrastructure and has year round access. A significant amount of trade seismic is available and Primary believes that the area merits further exploration using today's modern exploration methods. Mooncor is an Emerging Oil & Gas Exploration and Development Company
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Management Allen Lone, President & CEO
Director and CEO of Augusta Industries Inc, he also serves on the Board of Brownstone Energy. He was President & CEO, & CFO, Director and a promoter of Ketchum Capital. Since 1991 , He has been the President and Chief Executive Officer of Marcon International Inc. Mr. Lone holds an MBA from Lindenwood University, St. Louis, Missouri, in 1998 and a Bachelor of Science in Business Administration and B.A General Studies from Missouri State University in 1989. Tony Boogmans – Consultant Engineer Mr. Boogmans served as VP Operations and a Director of Ammonite Energy He was President of Clearwater from December, 2005 until the amalgamation. Mr. Boogmans has over 30 years of experience in both private and public companies in the areas of property evaluation, drilling, completion and workovers, & fields, he has been employed at Gulf Oil Canada, AOSTRA, Canadian Western Natural Gas Company Limited and Northwestern Utilities Limited earlier in his career. Mr. Boogmans was one of the founders of Innovative Energy Ltd., (sold to Denison Energy Inc.) He joined Silverwing Energy Inc. as a consultant in April 2004 and in October 2004 served as VP Engineering until December Mr. Boogmans graduated with a Bachelor of Science degree in Chemical Engineering from the University of Alberta in Mr. Boogmans is a member of the Association of Professional Engineers, Geologist and Geophysicist of Alberta. Mooncor is an Emerging Oil & Gas Exploration and Development Company
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Mr. Stephen Ewaskiw – Consultant Geologist
Mr. Ewaskiw served as President and CEO of Ammonite Energy Ltd. He also served as President and CEO of Wave Energy Ltd. He was VP Exploration at Rival Energy Ltd from , co-founder and President of Innovative Energy Ltd (sold to Denison Energy Inc.) in He co-founded Storm Energy Inc. in 1995 before leaving to start Innovative Energy. Mr. Ewaskiw has co-founded various startups including Wnfield Energy, Joss Energy. As part of the 35 years of industry experience, and worked at Amoco, ARCO and Amerada Hess. Mr. Ewaskiw holds a Bachelors of Science in Geology (Honours) from the University of Saskatchewan in 1973, and is a member of the Association of Professional Engineers, Geologist and Geophysicist of Alberta Mooncor is an Emerging Oil & Gas Exploration and Development Company
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Primary Petroleum Lands
State of Montana British Columbia Alberta Saskatchewan Primary Petroleum Lands State of Montana Map from 2000 US Census
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Middle Mississippian Paleogeography
NW MT Stratigraphy Madison Sun River Dolomite Mission Canyon Lodgepole Bakken Three Forks Potlatch Nisku Big Valley / UPC Swift Sunburst Dakota Bow Island Blackleaf Cretaceous Mississippian Devonian J Conventional Bakken Play (Anticlines, Fault Traps – Gravity Segregation) Bakken Equivalent (Exshaw Fm.) Widespread oil charge in tight reservoirs Alberta Basin Williston Basin Unconventional Bakken Play (Continuous Phase Reservoir – All Oil) Ron Blakey – University of N. Arizona
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Primary Petroleum Area of Interest
Topography of Mooncor's Lands Pondera County Primary Petroleum Area of Interest Teton County
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Blackfoot Reservation
Mooncor Land Base T30N R9W Pondera County Mineral Acres: 296,000 Primary Working Interest Acres: 203,000 70% Average Working Interest 83% Weighted Average NRI Contiguous Acreage Blocks All P&NG Rights Surface to Basement Annual Rental Payments $86,000 Dominantly Fee Simple Leases 2-7 year terms remaining Average 2013 Land Price: $49/Acre Blackfoot Reservation T26N R9W 12 Miles Teton County Legend Primary Land Well T21N R5W T21N R1W *Standard Disclaimers Apply T21N R9W Lewis and Clark County
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NW Montana Cumulative Production
T2 R23W4 Reagan Field Madison 9MMbo Kevin-Sunburst Dome Madison & Nisku 84MMbo & 500Bcf Cutbank Field Cutbank Fm 172MMbo & 210 Bcf Pondera Oil Field Madison 29MMbo Gypsy Basin Madison 500Mbo Bills Coulee Sunburst ~2Bcf Highview Madison 100Mbo Legend Primary Land Blackfoot Reserve Cumulative Oil Production Cumulative Gas 12 Miles T21N R1E
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Southern Alberta Basin Activity
T10 T27W4 Southern Alberta Bakken Shell, Murphy, Crescent Point, Nexen, DeeThree Exploration Wells TORC Resources & Argosy Energy Big Valley Wells Southern Alberta Basin Horizontal completions have been made in the Bakken (Exshaw) and the Big Valley / Upper Potlatch Carbonate (UPC) First wells came on stream in late 2010 Over 130 wells drilled (mostly horizontal) to test various reservoirs Best wells have 3 month average production of about 300 boepd per well Indira Blood 10-30 Well 250Mbo Big Valley Rosetta Resources Wells Newfield Explorations Wells Anschutz Exploration Wells Legend Primary Land Well Native Reserve Fairways Exploration Big Valley Well 12 Miles T21N R1E
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Introduction to the Madison
The Madison is the primary producing formation in Northwestern Montana. Drilling began in the 1920’s and cumulative production to date is over 60MMbo. Pondera field and Gypsy Basin have cumulative production of 29.5MMbo. The Madison is a Mississippian group consisting of the Sun River dolomite, Mission Canyon limestone and the Lodgepole limestone. The producing formation is the uppermost Sun River dolomite, which historically has been referred to simply as the Madison. The Madison is a creamy grey to white dolomite with an average porosity of 12%, average permeability of 10mD and a typical recovery factor of 15%
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Pendroy Fault Wrench System
Regional Madison Structural Map Pendroy Fault Wrench System 0’ 1000’ T28N R8W Pondera Field 50’ Contour Interval Legend 2011/12 Primary Wells 3D Seismic Structures from seismic and HRAM Primary Land Approaching the Thrust Belt 6 Miles South Arch 0’ T23N R1W 1000’ 2000’
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Pendroy Fault Wrench System
Madison Depth Structure Pendroy Fault Wrench System Fairways Exploration Well Spring Hill Wells -1441 feet 1831 feet 2 Miles
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Madison Erosion Schematic
All logs are Dupuyer Ridge NW Corner (Dupuyer area) Central (Rockport / Spring Hill area) Pondera Field A A’ Madison Unconformity at top of Madison Madison W Marker Production occurs from these zones within the Madison Legend Eroded Madison Section A A’
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Madison Production and Show Map
Sands Oil Madison Horizontals Gypsy Basin 500Mbo Highview 100Mbo Pondera Field 29MMbo Legend 3D Seismic Cumulative Production Bubbles Madison Shows or Bypass Pay 2011/12 Primary Wells Primary Land Spring Hill Discovery Madison Producers Second Guess 40Mbo All Other Wells 2 Miles
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Sands Oil Company & Longshot Oil Llc Madison Horizontals
T2 R22W4 100/ W4/00 Gryphon Hz Reagan 16991 Mcf Gas 34457 Bbl Oil Bbl Water Spud 2010/06/14 102/ W4/00 Gryphon Hz Reagan 9732 Mcf Gas 16836 Bbl Oil 6164 Bbl Water Spud 2011/10/05 Reagan Field Cumulative production of over 9MMbo. Successfully re-drilled utilizing horizontal wells Sands Oil Company & Longshot Oil Llc. Montana based E & P companies that have drilled 2 horizontal wells with no seismic data and have not had encouraging results. Conclusion Seismic and modern drilling techniques can result in successful Madison wells. Sands Oil Company & Longshot Oil Llc Madison Horizontals Legend 3D Seismic Reagan Field Primary Land 12 Miles T22N R3W
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Spring Hill Madison Discovery
Madison Structure TVDSS (CI = 300’) Sweetgrass Arch 5 miles Madison Structure TVDSS (CI = 25’) Spring Hill 13-34 1 Mile Pondera Field (Avg MBO verticals) Analog – Pondera Field Spring Hill 13-34 8 miles -offset production concentrated at Pondera Field -major unconformity; heavily karsted -can be an excellent reservoir with high porosity and permeability -requires structural closure
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Spring Hill Madison Structural Section
Structural Datum
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perforated and tested the Madison.
Spring Hill Prospect Spring Hill 13-34 perforated and tested the Madison. Initial swabbing tests recovered ~50bbl oil, however perforations were into the transition or water leg and when placed on pump produced only water Spring Hill 14-34 Time (ms) 1 Mile Madison Time Structure C.I. = 2ms
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Spring Hill Madison Time Slice
Karst Spring Hill 13-34 Karst Karst Spring Hill 14-34 1 Mile
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Spring Hill Madison Stratigraphic Section
Madison W Marker Madison Spring Hill Madison Stratigraphic Section Legend Madison Pay
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Spring Hill Mud Log Madison
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Spring Hill 13-34 Madison Completion
Spring Hill Mooncor Gas & Oil Company Madison Oil Water Contact Perforated into water leg Gamma Ray Neutron Density Resistivity Rate of Penetration Lithology Gas Detector Legend Perforated Interval
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Spring Hill 13-34 Spring Hill 13-34 Madison 5550’ Elevation
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Spring Hill Pool Size O/W Contact at 1550’ Elevation, Area ~ 1300 Acres O/W Contact at 1530’ Elevation, Area ~ 1500 Acres
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Spring Hill Operations
Bynum 7-34 Ready to Equip for Water Disposal Spring Hill 13-34 Spring Hill 14-34 Pump Onsite with Single Well Battery Legend 3D Seismic Inferred Karsting Primary Land
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Fairways Exploration to Mooncor
16 Miles 10 Miles Benton Bench 3D Seismic Legend 2011/12 Primary Wells 2008 Primary Wells Primary Land Rockport States 1-21 6 Miles
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Fairways Exploration to Primary Petroleum
Fairways Exploration to Mooncor States 1-21 Fairways Exploration & Production Rockport Primary Petroleum Benton Bench Primary Petroleum A’ A Rockport organic shale [lower Lodgepole] Tested 14% TOC in the State 1-5 well Three Forks Big Valley Scallion Limestone Fairways Exploration to Primary Petroleum Potlatch Anhydrite [equivalent to Stettler] Big Valley [lookalike to TORC Hz wells] A’ A
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Extent of Big Valley Formation
Dupuyer Ridge Spring Hill Ralston Gap Watson Flats A’ A Lower Lodgepole Scallion Bakken Shale Three Forks Extent of Big Valley Formation Big Valley Potlatch Anhydrite A A’
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Potential Extent of Big Valley Play
Big Valley Hz well Legend 2011/12 Primary Wells 3D Seismic Inferred structures from seismic and HRAM Potential extent of Big Valley Hz play Primary Land Fairways Exploration well Big Valley Hz play 2 Miles Three Forks Seismic Structure Map 25’ Contour Interval
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Shallow Exploration Targets
Madison Sun River Dolomite Mission Canyon Lodgepole Bakken Three Forks Potlatch Nisku Big Valley / UPC Swift Sunburst Dakota Bow Island Blackleaf Cretaceous Mississippian Devonian J Shallow Exploration Targets
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Proposed Exploration Locations
Lake Francis Dupuyer Legend 3D Seismic 2011/12 Primary Wells Proposed Locations Primary Land Second Guess Spring Hill Discovery Ralston Gap 6 Miles
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Prospective Cretaceous Formations
Upper Blackleaf – present throughout acreage Bow Island – over 1.7 Bcf gas produced to date Dakota / Kootenai – thick sand present throughout acreage that contains gas and potentially oil Sunburst – over 2 Bcf gas produced; potential for oil production Swift – present throughout acreage; untested zone
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Sunburst Potential Legend 12 Miles Bills Coulee Gas Field Bills Coulee
Highview 16-5 Sunburst Discovery Bills Coulee Gas Field Bills Coulee Gas Field Legend Structural High Structural Low Seismic Faults 12 Miles
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Madison and Sunburst Reserve Estimations
Madison Formation: Estimated oil reserves were calculated using volumetric and decline analysis on the Gypsy Basin Field. Potential recoverable oil reserves range from 464,000 bbls per section to 824,000 bbls per section The Spring Hill Madison discovery has potential recoverable oil ranging from 1mm to 2mm bbls if the pool size is 2 sections. Sunburst Formation: Estimated gas reserves were calculated using a volumetric analysis from wells in the Gypsy Basin Field. Potential recoverable gas is 1bcf per section Estimated recoverable oil reserves at Benton Bench could reach 80,000 bbls per 40 acre spacing
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Mooncor is an Emerging Oil & Gas Exploration and Development Company
Calgary 520 – 5th Ave SW, Suite #2500 Calgary, Alberta T2P3R7 Tony Boogmans Tel (403) Ext.# 1 Oakville 151 Randall Street, Suite 101 Oakville Ontario L6J1P5 Allen Lone TEL (905) Ext.# 22
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