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					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.




                                                                                          Page 2
 Oil Industry Overview

 Company 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
                                      Page 3
   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
             overlooked.

         –   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
   Company Overview

   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

                  Current Projects
                                                                  Name                            Location
                                                                  (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

  $160.00


  $140.00


  $120.00


  $100.00


   $80.00


   $60.00


   $40.00


   $20.00                                                                                                   Xtreme has positive
                                                                                                             operating margin
    $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
                                                         Interest

                                                                           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
                                                                           the past

                                                                           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
                                                                           the past(5)


                                                                           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

        Property Criteria
               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
        Acquisition Approach
               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
             inclination.

         –   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
                                                costs.

                                               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
                                                      million.

                                                  –   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

    Property Criteria
             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
    Identification Approach
             Current disposal customers
             Drilling permits filed with commission
    Economics
             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
    Projected Results
             15,000 barrels per day will generate additional $7 M per year in revenue




OTCQB:XTOG                                                                                Page 11
 West Texas Properties

 Oklahoma Properties

 Kansas Property

 Oklahoma Saltwater Disposal Well

                                     Page 12
   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
   Oklahoma Properties

   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
 Valuation

 Capitalization Table

 Management Team

 Use of Proceeds

 References
                         Page 17
   Valuation

   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.


                                                                                                            Risk           Risk
                                                                             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
                       Proved (Undeveloped)
                       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
   Capitalization Table

   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.



         OWNERSHIP TABLE
         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%
                                                           TOTAL                                               100.0%


         Public Float                                                   Approx. 4,000,000                       8.7%
         CAPITALIZATION TABLE
         Description                                                           Number
               Common Shares Outstanding                                                                   45,919,248




         Convertible Equities – Asher Investments - $160,000

         WARRANTS, OPTIONS                                                                                         0




OTCQB:XTOG                                                                                                              Page 19
   Balance Sheet Items

   •   Accounts Payable
              Total:     $1,929,513
               Disputed:          $ 615,000
               Due For Lionheart: $ 711,000 (Pending Lawsuit Outcome)
               Salaries Payable: $ 241,500
               Current:           $ 362,000

   •   Deposits Payable
              Total:      $1,373,244
              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
   Management Team

   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
                                                                             Subtotal          $1.0M
        Acquire Additional Smoky Hill Working Interest (7.5%) and Drill                     $250K
        Working Capital and General Corporate Purposes                                      $250K
                                                                             Subtotal          $1.5M
        Acquire Additional Smoky Hill Working Interest (10%) and Drill                      $400K
        Working Capital and General Corporate Purposes                                      $600K
                                                                             Subtotal          $2.5M




OTCQB:XTOG                                                                                                      Page 22
   References

 (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
          Allard, J., 2000, Barnett Shale play hot in North Texas: Landman, p. 26-28, Accessed June 2002 at URL http://www.landmand.org.
          Ball M. M., and W. J. Perry, 1996, Bend Arch-Fort Worth Basin Province (045), in D. L. Gautier, G. L. Dolton, K. I. Takahashi, and K. L. Varnes, eds.,
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          Texas Bureau of Economic Geology Report of Investigations 201,63 p.
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          Hall, J., 2002, Barnett Shale geology, in Devon Energy Corporation, Mid-year operations update and Barnett Shale school, June 20, 2002: Accessed
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          Henk, F., J. Breyer, and D. M. Jarvie, 2000, Lithofacies, petrology, and geochemistry of the Barnett Shale in conventional core and Barnett Shale
          outcrop geochemistry [abs], in L. Brogden, ed., Barnett Shale Symposium, Fort Worth Texas, Oil Information Library of Fort Worth, Texas, p. 7.
          Jarvie, D. M., B. L. Claxton, F. Henk, and J. T. Breyer, 2001, Oil and shale gas from the Barnett Shale, Fort Worth Basin, Texas [abs.]; AAPG Annual
          Meeting, Program and Abstracts, p. Al00.
          Jarvie, D. M., and B. L. Claxton, 2002, Barnett Shale oil and gas as an analog for other black shales [abs.]: AAPG Midcontinent Meeting, New Mexico.




OTCQB:XTOG                                                                                                                                               Page 23
   References

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OTCQB:XTOG                                                                                                                                            Page 24
   References

 (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
 Transaction Summary




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