Investor Presentation – July 2011
Safe Harbor Statement
MATTERS DISCUSSED IN THIS PRESENTATION CONTAIN FORWARD-LOOKING STATEMENTS WITHIN THE
MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. WHEN USED IN THIS DOCUMENT,
THE WORDS "ANTICIPATE," "BELIEVE," "ESTIMATE," "MAY," "INTEND," "EXPECT" AND SIMILAR EXPRESSIONS
IDENTIFY SUCH FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO
RISKS, UNCERTAINTIES, ASSUMPTIONS, AND OTHER FACTORS THAT MAY CAUSE THE ACTUAL RESULTS,
PERFORMANCE OR ACHIEVEMENTS TO DIFFER MATERIALLY FROM THOSE CONTEMPLATED, EXPRESSED OR
IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO,
RISKS AND UNCERTAINTIES ASSOCIATED WITH THE IMPACT OF ECONOMIC, COMPETITIVE AND OTHER FACTORS
AFFECTING THE COMPANY AND ITS OPERATIONS, MARKETS, PRODUCTS AND CUSTOMERS, AND OTHER
FACTORS DETAILED IN PERIODIC REPORTS FILED BY THE COMPANY WITH THE SEC.
Oil Industry Overview
Oil Price Trends
Overview of Oil and Gas Projects
Oil and Gas AQUISITION Model
Enhanced Recovery Techniques
Saltwater Disposal Wells
Saltwater Disposal Business Model
Oil Industry Overview
A combination of increased global demand for oil, as well as the threat of potential supply disruptions has FORCED the
U.S. to turn its attention to domestic sources of oil.
According to the Association for the Study of Peak Oil and Gas, last year, the U.S. was the largest contributor to the increase
in global oil supplies, and is on track to increase domestic production by 25% by the second half of the decade.
– In 2010, domestic production of crude oil and related liquids rose 3% to an average of 7.5 million barrels/day.
– The rise enabled a 2% drop in U.S. oil imports to 9.5 million barrels/day (1).
Increasing domestic production has been made possible by small and mid-sized companies, such as XTOG, that have applied
a variety of new technologies to onshore oil reserves.
– New technologies, such as hydraulic fracturing and horizontal drilling, have enabled the U.S. to open up new resources often
– The number of onshore oil-directed rigs recently reached 818 its highest level since 1987(2).
U.S. Oil Supply in December 2010 (million barrels per day)
Source: U.S. Energy Information Administration
OTCQB:XTOG Page 4
Xtreme Oil & Gas, Inc. (XTOG) is a Dallas-based independent energy company engaged in the acquisition, development and
production of oil and gas properties in the U.S. XTOG’s interests are located in Texas, Oklahoma and Kansas. XTOG also has an
industry parallel saltwater disposal business.
XTOG has been successful and believes that it can acquire additional distressed properties and reserves, including properties with older-
functioning wells, abandoned wells and properties that were previously in production or adjacent to producing properties that are now
operating with little to no production and can be redeveloped for profitable operation using enhanced recovery techniques.
As of May 31, 2011 estimated total reserves in all of the Company’s (6) properties – 225 Million Barrels of ORIGINAL OIL IN PLACE(3).
- Recoverable Reserves on West Thrifty and Smoky Hill IS ESTIMATED TO BE 14.7 Million Barrels of oil(3).
• Out of the total 14.7 million barrels, the Company’s West Thrifty property IS TO PRODUCE 4.5 million barrels FROM RECOVERY.
XTOG is currently completing our first LICENSED COMMERCIAL saltwater disposal well THAT WILL BE GERNERATING REVUNUE 3Q 2011.
$8,000,000 HAS BEEN Invested to date ON THE PROJECTS LISTED BELOW
(1) West Thrifty Brown County, TX
(2) Quita Ellenberger Brown County, TX
(3) Caddo Sandstone Brown County, TX
(4) Lionheart Logan County, OK
(5) Saltwater Disposal Well Seminole County, OK
(6) Oil Creek #1-19 McClain County, OK
(7) Smoky Hill McPherson County, KS
OTCQB:XTOG Page 5
Oil Price Trends
Global demand for oil and the threat of potential supply disruptions has helped to increase the price of oil.
Price has gone up significantly and is back to pre-recession highs.
West Texas Intermediate Crude Oil (WTI) Prices
$20.00 Xtreme has positive
$0.00 when prices are above
~$15 per barrel
OTCQB:XTOG Page 6
Overview of Oil & Gas Projects
Management has built a portfolio of oil and gas properties with a history of production and strong reserve potential.
Properties have been acquired based on industry relationships.
Property Name Location Recoverable Participation / Exploration History Production Milestones Documentation
Oil (mbbl) Working
23M barrels produced Under Development (next
Smoky Hill McPherson County, KS 21.7(4) Up to 50% Geological Reports
in the past to be drilled)
8M barrels produced in
West Thrifty Brown County, TX 4.5(5) 90% Developed and Producing Geological Reports
64 BCF / 1.29MMBO
Lionheart Logan County, OK 0.8(6) 52% Litigation Geological Reports
produced in 8 Sections
1M barrels produced in
Quita Ellenberger Brown County, TX 0.5 97% Under Repair Geological Reports
Surrounding area Under
Caddo Sandstone Brown County, TX 0.1 100% Under Development
contains 1B barrels(5) Development
$2M generated since
Oil Creek # 1-19 McClain County, OK 0.2 10% Developed and Producing Geological Reports
first drilled in 2008
OTCQB:XTOG Page 7
Oil and Gas AQUISITION Model
100% Working Interest with 75% Net Revenue Interest
Secondary recovery and/or surrounding production
Reserves to achieve 300 BOPD (Barrels of Oil Per Day) production for five years
Identified through extensive contacts
Seek properties with business problems and/or inexperienced operators
Projected Economic Cost
Reserves acquisition costs = $2 - $8 per barrel
Drilling and completion = $250,000 - $2 million per well
Breakeven = Less than 12 months
OTCQB:XTOG Page 8
Enhanced Recovery Techniques
XTOG focuses on properties with production history and will employ two methods of mineral recovery that helps it
unlock remaining oil reserves that were left in place.
Waterflooding and Chemical Treatment
– Waterflooding is a method of improved recovery in which water is
injected into a reservoir to remove oil that has been left behind.
– Surfactants may be used to separate the oil from the porous sand and
rock formations in which oil is trapped.
– Polymers are used to seal off regions that produced their oil to force
water pressure to other regions for additional oil recovery.
Horizontal Drilling with Proper Hydraulic Fracturing
– Horizontal drilling is deviating the well bore from the vertical plane to
intersect the reservoir at the entry point with a near-horizontal
– Horizontal drilling exposes significantly more reservoir rock to the well
bore than would be the case with a conventional vertical well.
– Hydraulic Fracturing forces high pressure fluids in the wellbore
causing the rock formations to fracture creating significant additional
surface area from which to drain reserves(7).
– Horizontal Drilling and Hydraulic Fracturing can produce 2.5x to 7x the
rate and reserves of vertical wells(8).
OTCQB:XTOG Page 9
Saltwater Disposal Wells
In addition to its oil and gas projects, XTOG plans to drill and operate commercial Saltwater Disposal Wells (SWD) as a
complimentary line of business.
Oil and Gas wells produce large quantities of saltwater that must be trucked
and disposed of, typically at a cost to the producer.
Xtreme intends to strategically position its SWD wells local to producers and
truckers alike and will offer disposal services to these groups lowering their
Xtreme expects to have three wells (of various sizes) operating by 2014 with
total capacity of 100,000 barrels per day.
– Capital-Expenditure to build a 15-25,000 barrel/day well is less than $2.5
– A 15,000 barrel/day well will generate over $7 million in annual revenues.
– Each well has a 30 year lifecycle; breakeven in less than one year.
– Wells are generally not affected by movements in oil prices and are an
attractive play to diversify income stream.
– In addition, Xtreme anticipates a 1-2% oil cut from every barrel disposed
which it can sell at full market value with no Royalty.
OTCQB:XTOG Page 10
Saltwater Disposal Business Model
Highway access, commercial zone, 10 mile radius production
Volume requirements rising due to horizontal drilling and fracturing
Five acre surface lease within seven miles of 25,000 Bbl/day disposal need
Major road access to accept tankers every 10 minutes
Current disposal customers
Drilling permits filed with commission
Drilling and Completion $1 - $3 Million per 20,000 bbl/day Well
30 year lifecycle, breakeven = less than one year
High margins and cash flow
15,000 barrels per day will generate additional $7 M per year in revenue
OTCQB:XTOG Page 11
West Texas Properties
Oklahoma Saltwater Disposal Well
West Texas Properties
Xtreme operates the leases shown below in West Texas. The Company plans
to conduct reworking and drilling to INCREASE existing production.
West Thrifty Unit – Brown County, Texas:
– 8 Million barrels produced on primary production by Conoco and Hess (9)
– 4.5 million barrels of estimated recoverable oil in Fry Sands Formation (10)
– 16 Million barrels of OOIP(5)
– 1,272 acres of land.
– Room for 22 5 Well patterns producing ~50 barrels /day per pattern
– Potential – 22 Patterns X 50 BOPD = 1,100 BOPD
– 53 wells on the property, all drilled ready to produce
– Xtreme operates and owns 90% of the working interest of the Unit
– Infield developmental rework and drilling
Quita Field – Brown County, Texas:
– 600,000 barrels of company estimated recoverable oil Ellenberger Formation
– 400 acres of land
– 10 wells on the property, all drilled ready to produce
– Xtreme operates and owns 97% of the working interest
– Production began April 2008 and has recovered several thousand barrels of oil
– Ellenberger area production 245MM BO, 5.5 TCF and 415 MMBNGL(5)
Pennsylvanian/Caddo Sandstone – Brown County, Texas:
– 100,000 barrels of estimated recoverable oil
– Internal to West Thrifty property
– Xtreme operates and owns 100% of the working interest of the Unit
– Surrounding areas Produced 1.4 BPO, 1.6 TCF and 77 MMBNGL (5)
Marble Falls – Brown County, Texas
₋ One well producing approx. 3/4 BOPD
₋ 20-25 feet of oil producing formation
₋ Up to 20% Porosity and 100mD permeability
Mississippian Barnett Shale – Brown County, Texas
₋ Area produced 34.5 BCFG through 1990
₋ Risk for additional producible discoveries in this play is high but potential for
additional discoveries is also significant.
OTCQB:XTOG Page 13
Xtreme owns or operates two properties in Oklahoma in the Hunton and
Bromide formations. The company achieved success generating each
of these prospects and drilling with advanced horizontal and proper
fracturing techniques locating significant reserves in both.
Lionheart Well – Logan County, Oklahoma:
– In the summer of 2009, the Company began drilling on the prospect and
in January 2010 began initial production on the prospect with increases
to this production in late February 2010
– Initial Production - 256 BOPD and 300/500 MCFPD
– 790,000 barrels of estimated recoverable oil reserves(4)
– 1.1 Bcf of estimated recoverable gas reserves
– 160 acres of land.
– Xtreme has recently successfully completed drilling one vertical well with
five horizontal extensions in the property
– Xtreme is the operator of this property
– Current Status – Damaged by vendor who admitted NEGLIGENCE to the
State Court in Logan County. Our Lawsuit is progressing to settlement or
trial in November.
Oil Creek #1-19 property – McClain County, Oklahoma:
– 200,000 +barrels of estimated recoverable oil reserves(11)
– 80 acres of land
– One well on the property, drilled and producing
– Xtreme owns 10% of the working interest of the Unit
– This well has produced $2 Million in revenues in two years
– Xtreme receivable - $215,000
OTCQB:XTOG Page 14
Smoky Hill Project, Kansas
Xtreme is a Working Interest owner (a maximum of 50%) in the project in Kansas. The Company plans to produce this
formation utilizing horizontal drilling and advanced fracturing techniques. The new planned horizontal wellbores will be
strategically placed between old wells where the reserves have not been depleted(9).
– Trend that has produced 23 million barrels of oil from same formations, representing only 12% of the original oil in place.
– Estimated remaining 88% of the oil (217 million barrels of oil) in the larger trend is still in place
– Additional 9-15% of the reserves can be produced representing 21 million barrels of proven undeveloped oil.
– Initial Potential for the vertical wells were up to 5,000 BOPD.
– Xtreme Projections at a minimum 300 BOPD
– 8,516 acres of land.
– Infield Shallow developmental 60 - 200 wells to be drilled to depths of 3,000 feet with 3,500’ lateral extension.
– Xtreme is a Working Interest owner and leasehold interests (maximum of 50%) of the Project.
OTCQB:XTOG Page 15
Oklahoma Saltwater Disposal Well
Xtreme has recently completed drilling a commercial salt water disposal well located south of Oklahoma City and is in
the process of completing the surface equipment construction to start revenue.
Saltwater Disposal Well – Seminole County, Oklahoma:
– 15,000 barrels of water per day
– 6,456 feet total depth in the Arbuckle Formation WITH over 1,300 feet of usable formation
– $7.0 million per year projected revenue per year
– Injection Permit Received(12)
– Completed Drilling and Testing
– Xtreme anticipates completing before the end of 3Q11 and generating revenue 4Q11
OTCQB:XTOG Page 16
Use of Proceeds
November 2010, Xtreme completed a third party valuation for fund raising purposes. The results concluded the
Company to have a valuation of $103 Million. (1) at the time there was app. 43,800,000 shares outstanding or $2.34 per share.
Thousand Additional Adjusted Adjusted Dollar
Barrels of Property Risk Thousand Price per Value Per Share
Xtreme Oil & Gas, Inc. (estimated value) Oil Adjustment Barrels of Oil Barrel (3,6) (,000) Value
Proved (Developed Producing)
Light Sweet Crude (West Thrifty, Texas) (,000 BBL) 1,960 75% 1,470 $ 45.00 $ 66,150 $ 1.51
West Thrifty, Texas
Light Sweet Crude (Lionheart, OK) (,000 BBL) 791 75% 593 $ 45.00 $ 26,685 $ 0.61
Fry Sands Only (4)
Lionheart - Oklahoma
Light Sweet Crude (West Thrifty, Texas) (,000 BBL) 2,548 20% 510 $ 18.56 $ 9,465 $ 0.22
November 2011 : 43,800,000 Shares Outstanding Total (3) $ 2.34 per share
Presently there are 45,919,248 Shares Outstanding Total $ 2.28 per share
April 2011, after acquiring the Kansas property, Xtreme completed an analysis using Tudor Pickering data from all previous oil and gas
acquisitions during the past 18 months and further discounted property risk. (2, 7)
Smoky Hill, Kansas Proved (Undeveloped)
Light Sweet Crude (Smoky Hill, Kansas) (,000 BBL) 10,192 20% 2,038 $ 18.56 $ 37,832 $ 0.82
TOTAL (3,6) $ 3.10
OTCQB:XTOG Page 18
Management is heavily invested in the success of the company. Management Team owns 54.2% of the Company.
The Company currently has 45,919,248 shares of outstanding common stock as of August 15, 2011.
Holder Name Shares % of Outstanding
Executives and Directors – Insiders Approx. 25,000,000 54.2%
Non Insiders - Eligible for Restriction Removal Approx. 21,000,000 45.8%
Public Float Approx. 4,000,000 8.7%
Common Shares Outstanding 45,919,248
Convertible Equities – Asher Investments - $160,000
WARRANTS, OPTIONS 0
OTCQB:XTOG Page 19
Balance Sheet Items
• Accounts Payable
Disputed: $ 615,000
Due For Lionheart: $ 711,000 (Pending Lawsuit Outcome)
Salaries Payable: $ 241,500
Current: $ 362,000
• Deposits Payable
Generated from Working Interest Sales Prior to SWD Project Completion
Upon Completion of Project This Item Migrates to Net Revenue
Expected Project Completion: 60 Days post capital raise
• Notes Payable
Total: $ 120,000
Payable to Two Investors Who Are Strong Supporters of the Company
OTCQB:XTOG Page 20
Willard G. McAndrew III - Chairman, Chief Executive Officer and President
– 4th generation energy industry experience EXXON (NYSE: XOM) and 41 years of experience ranging from field operations to refining.
– Throughout his career has owned over 100 wells in TX, OK and LA and 100 miles of gas pipeline.
– Began his career in 1969, gaining experience working for Hercules Drilling Company, a subsidiary of Hercules Offshore, Inc.
(NASDAQ:HERO), and later joined Exxon Corporation’s (NYSE: XOM) Refinery Distillation and Specialties division in Baton Rouge.
– Former CEO and President of Millennium Fuels Corp., provider of renewable fuel source based solutions. After filing multiple patents
and creating multiple products the company was sold to a public company in the Bio-Diesel business.
– Served as CEO, President and Director of Energy & Engine Technology Corp. (OTCBB: EENT), engaged in the development and
marketing of power generation products for the long haul trucking industry.
– Attended Louisiana State University.
Nicholas DeVito - Chief Operating Officer
– Former COO of Raven Biofuels, an alternative energy development company that sought to create ethanol from waste products.
– Served as VP of Product Management and Business Development and as CEO of several subsidiaries in Tellium, Inc. a
telecommunications equipment manufacturing company now a subsidiary of Zhone Technologies, Inc. (NASDAQ:ZHNE).
Responsible for raising over $400 Million in an IPO; completing product development of optical switching line; and generating
sales of $225 Million to three major communications companies.
– Began his career at Bell Laboratories , a provider of solutions to deliver voice, data, and video communication services.
Deployed three new technologies into the infrastructure, generating over $1 billion in savings.
– Received a BSEE and MSEE from Columbia University and an MBA in Management from New York University.
Roger Wurtele - Chief Financial Officer
– Served as CFO of Lang and Company LLC, a developer of commercial real estate projects.
– Former CFO of Millennium Fuels Corp., provider of renewable fuel source based solutions.
– Former VP of Finance for Phoenix Operating Company, engaged in the monitoring and remediation of oil fields.
Participated in the effort to acquire and redevelop 2,700 oil wells in five states.
– Served as CFO of Energy & Engine Technology Corp. (OTCPK:EENT), engaged in the development and marketing of power generation
products for the long haul trucking industry.
– Serves as CFO of Alchemy Creative, Inc. (OTCPK:ALMY), engaged in the development, production, and distribution of DVDs, 3-D
cartoons, online games, and derivative products.
– Received a bachelor’s degree from the University of Nebraska and has been a CPA for 40 years.
OTCQB:XTOG Page 21
Use of Proceeds
The majority of the Use of Proceeds in this capital raise are for completing drilling projects on properties we own,
increasing production capacity on the SWD business, and general obligations.
Use of Proceeds Table
Description $ Amount
Saltwater Disposal Well Completion $500K
Drill first well on Smoky Hill property (McPherson County, Kansas) $125K
Complete West Thrifty project (Brown County, Texas) $150K
Working Capital and General Corporate Purposes $225K
Acquire Additional Smoky Hill Working Interest (7.5%) and Drill $250K
Working Capital and General Corporate Purposes $250K
Acquire Additional Smoky Hill Working Interest (10%) and Drill $400K
Working Capital and General Corporate Purposes $600K
OTCQB:XTOG Page 22
(1) U.S. Energy Information Administration
(2) Baker Hughes, February 2011
(3) Geneva Rothweil, November 2010
(4) Gregg McDonald, Senior Geologist, April 2011
(5) Bend Arch-Fort Worth Basin Province /Assessing Undiscovered Resources of the Barnett-Paleozoic Total Petroleum System, Bend Arch-Fort Worth
Basin Province, Texas
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OTCQB:XTOG Page 24
(6) Reinke Engineering Evaluation, May 2011
(7) Chesapeake Energy, April 2011
(8) Horizontal Drilling, Lynn Helms
(9) Railroad Commission of Texas
(10) Dauben International Engineering, January 1998
(11) Larry Seng Geological Report
(12) Oklahoma Corporation Commission
OTCQB:XTOG Page 25
Xtreme Oil & Gas, Inc.
5700 West Plano Parkway Suite 3600
Plano, TX | 75093 | United States
For any additional questions of comments
please contact Willard G. McAndrew III at