ADVANCEDOIL RECOVERY

Low Cost Enhanced Oil Recovery • Releases Trapped OilAlters Production Declines • No Capital Expense

Increases Reserves • 92% Average Production Increases World Wide

T he Titan Process is an important oil recovery breakthrough. Titan’s performance record is well established, which includes verification from three customers publishing SPE Papers reporting strong performance increases (averaging

over 200% for 22 wells). The Process is low cost and a major benefit in both low or high oil price environments. It has been successfully applied onshore and offshore.

This brochure contains a series of commercial production graphs from oil fields around the world that clearly show the effect of the Titan Process technology. It is a proven and workable technology for increasing oil production in mid-life

and mature oil fields, recovering trapped or immobile oil and increasing reserves.

The proprietary Titan Process is a new form of Enhanced Oil Recovery. The Process creates micro-droplets within the pore matrix which contribute to various positive changes that result in higher recovery rates.

The Titan Process can be applied to individual production wells as well as through existing water-flood operations, and works entirely within the natural ecology of the oil reservoir by selectively stimulating only certain targeted resident microbes with custom-formulated, biodegradable, organic nutrients.

The Titan Process® can optimize reservoir performance and recovery rates with no capital expense and a cost per incremental barrel below $10.

The Titan Process increases profitability for mid-life & mature fields

The Micro Droplet Effect of the Titan ProcessCreating micro oil droplets in the pore spaces of an oil reservoir creates some or all of the following positive changes depending on various conditions within the reservoir. This is a major advancement in reservoir optimization.

Improved Oil Mobility Smaller micro droplets can more easily move through the pore matrix and be recovered

Pore to Pore Displacement Fluids are now moving and creating a vacuum which is filled by fluids from adjacent pore spaces

Relative Permeability Water permeability to the reservoir rock decreases and oil permeability to the reservoir rock increases allowing for more oil cut

Wettability Oil droplets are more easily released from the rock surface

Water Cut Decreases Due to higher permeability of oil to the rock less water is produced

Viscosity Apparent viscosity decreases as small droplets although the same viscosity as the larger oil globules are so much smaller the resistance to flow decreases. Therefore the apparent viscosity decreases aiding oil flow

Interfacial TensionThe interfacial tension between the oil and water decreases as the resident microbes become activated by the Titan Process and change to a more hydrophobic form at the pore interphases and act to more easily separate the oil

Waterflood Sweep Efficiency Only in high permeability areas (thief zones), the combination of the micro-droplets, water and microbes can combine and agitate and form a temporary mild emulsion which temporarily diverts water elsewhere

48 Oil Fields, Four Continents Over 300 well applications

92% Average Production Increases The Titan Process Increases Oil

Production at a Low Cost Process Releases Trapped Oil

Alters Production Declines Process is Biodegradable

No Capital Expense

Production graphs showing Titan Process results

California O�shore Successwith the Titan Process

Production up 200% three years after last treatment

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Beatrice Field, North Sea Production Increase (green)over Stated Decline (red line)

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Continued Success in IndonesiaProduction well now producing 140% above baseline four months after Titan Process

application. Blue area is oil production, Red line is 18 month decline curve

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E & P, INC.

• SPE 124319 MEOR Success in Southern Saskatchewan: Husky Energy: Documents oil production increases of: 225%, 450%, 100% and 533% on various test wells.

• SPE 129742 MEOR Success in Southern California: Venoco Inc.: Documents oil production increases of: 300%, 15%, 27%, and 752% on various well tests in Southern California

• SPE 145054 What Has Been Learned From 100 MEOR Applications: Husky, Venoco, Titan Oil Recovery: 100 Applications documenting an average oil production increase of 127% from pre‐treatment rates to post‐treatment maximum rates.

• SPE 154216 A Texas MEOR Application Shows Outstanding Production Improvement: Atinum E&P, Inc. Documents oil production increases ranging from 25‐90% with a dramatic reduction of water cut.

These Papers were selected for presentation and officially approved for publication by: The Program Committee for the 2009 SPE Annual Technical Conference in New Orleans, Louisiana 4‐7 October 2009; The Program Committee for the 2010 SPE Improved Oil Recovery Symposium in Tulsa, Oklahoma 24 ‐28 April 2010; The SPE Kuala Lumpur, Malaysia Enhanced Oil Recovery Conference July 2011; The SPE Tulsa Improved Oil Recovery Symposium April 2012.

Society of Petroleum Engineers Papers Published

Field 8 Producer – Alberta, CanadaProduction up 21 months after last treatment

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The Titan Technology Breakthrough

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Above: A series of microscopic photos shows the Titan Process with live microbes surrounding a droplet of crude oil, distorting its shape and finally causing a smaller droplet to break away.

Approximately $45 million was spent developing and commercially proving the technology in Australia, Canada, North Sea, Texas, Alaska, Indiana, California and Indonesia.

Titan’s proprietary process can decrease decline rates and release trapped oil, delivering recovery rates substantially above expected industry standards and at much lower costs than current enhanced recovery methods.

The Titan Process targets specific microbes in the oil field causing them to exponentially multiply as a result of a nutrient process. The microbes interact with the trapped oil, affecting the surface tension and reducing oil globules to unique microscopic droplets, allowing them to become more mobile and flow more easily within the reservoir pore matrix.

Benefits of the Titan Processn Multi-year increases in daily oil production from mature

fieldsn Low cost to implement / low riskn No capital outlay requiredn Production increases usually within 2–12 weeksn 100% environmentally friendly—no microbes or harmful

chemicals are injectedn Increases oil cut n Decreases lifting costsn Life of field is extended for many yearsn Costly oil field shutdown expenses for mature fields are

postponedn Applicable to both waterfloods, natural drive reservoirs

and individual production wells

The Conceptn A new approach with microbes for enhanced oil recoveryn Resident microbes are the closest source of energy to oil

droplets trapped in pore spacesn Allow the microbes to create micro-droplets of oil that can

flow more easily through the reservoir pore matrix

The Titan Processn Utilizes resident microbes for enhanced oil recoveryn Only specific microbes are analyzed and selected for the

processn Microbes occupy pore spaces n Special formulations are added to the reservoirn A multi-phase feeding program is designed with special

formulas based on each individual reservoirn Microbes respondn A natural optimization system that releases trapped oil

and reduces water cut is now created in the reservoir.

Microbial Responsen Selected populations increase dramaticallyn Microbes become largern Microbes then shrink

n Microbes become oleophilic (attracted to oil) n Microbes attach to and surround oil droplets n Droplets are deformed by the action of microbes and

break up into smaller dropletsn Smaller droplets are in turn broken up into micro droplets

and are able to escape pore spaces

Reservoir Responsesn Trapped and immobile oil escapes pore spacesn Microbes attached to water and oil droplets move faster

though high permeable sections of the field (thief zones). This combination and fast flow creates a mild natural emulsion to form only in the thief zones.

n Some thief zones can be temporarily blockedn Water is diverted to unswept areas of the field, increasing

sweep efficiency

Reservoir Changesn Smaller oil droplets can escape pore throats in the sand/

carbonate matrixn An emulsion occurs only in higher velocity areas (thief

zones) from the agitation of fluids and microbesn Oil attached to the rock wall is also released as microbes

move between the two surfaces and change the interfacial tension

Resultsn Production is increased n Oil cut is improvedn Lifting costs per barrel decreasen Sweep efficiency of a waterflood is improvedn Trapped oil is releasedn Movement and energy within pore spaces occurs by

action of the microbes

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Canadian Water Injector TreatmentImpacts O�set Producer

Production up 300%, three years after last treatment

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Canadian Pilot Well150% Production Increase Lasting Over Two Years

Decline Producer Test Incremental Titan Injection Treatment

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Saskatchewan Well Response to Titan Process200% Production Increase lasting two years from one treatment

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An Illustrated Overview of the Titan Process1

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1 OIL DROPLET PHASE 1: Titan Process microbes surround an oil droplet, causing oil droplet to distort due to microbial action. OIL DROPLET PHASE 2: Smaller droplets are formed by the microbes and begin to separate. OIL DROPLET PHASE 3: Smaller droplets are in turn distorted further into micro-droplets able to flow through the pore spaces of the reservoir more easily and thereby more easily recovered.

2 BEFORE THE TITAN PROCESS: Oil is trapped in porous sandstone. Water flows without dislodging oil droplets from tiny pore spaces in the rock

3 AFTER THE TITAN PROCESS: Titan nutrients create a new skin characteristic for the microbes, inducing them to seek out and surround oil droplets, causing the droplets to distort, break apart and dislodge from the microscopic pore spaces between the tiny sandstone and carbonate rock particles in the reservoir.

4 A SINGLE WELL APPLICATION: In most cases the single well application uses equipment readily available to oil operators. Titan nutrients are mixed with water and injected down the well bore (annulus). This would normally take 5-8 hours. The well is then shut-in for 6-7 days and then returned to production.

5 AFTER PRIMARY PRODUCTION: A great deal of oil still remains in the reservoir but is increasingly difficult to recover. At this time, many fields are put under waterflood. As the waterflood continues for some time, eventually the water finds the path of least resistance through the reservoir, and fissures (thief zones) open up in the oil-bearing rock. The majority of the injected water is then “short-circuited” directly to the production well without pushing much oil out of the rock. Oil production falls dramatically. It is at this time that many oil fields are shut down due to high operating costs and little return.

6 TITAN PROCESS NUTRIENTS INJECTED: Patented nutrients feed the trillions of specific existing microbes in the reservoir which multiply by thousands of times. These nutrients cause the microbes to seek out and attach themselves to trapped oil droplets, distorting them as well as dislodging them from the rock and sand. Some of the oil, water and microbes join to form a natural mild viscous emulsion when traveling through the high permeability thief zones which block off the thief zones. Water is then forced to travel through other untapped areas of the reservoir, thereby increasing oil production.

oil

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Flow: 30 cm/day

oiloilTitan nutrients �owwith injected water

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PUMP TRUCKWATER

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into reservoir

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300 energy professionals vote Titan Oil Recovery the Most Promising Energy Company Award

Dead California Well (shut-in since 2003)Returned to Production in 2008 with the Titan Process

OS 2 Well BOPD • SPE PAPER 129742Graph depicts the Table presented in SPE Paper 129742

MEOR Success in Southern California, Venoco Inc.

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Extraordinary Response from Shut in well.See SPE Paper 124319 Husky Energy, Saskatchewan

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MOSTPROMISING

Energy &Clean Tech

Company

2012

RICEALLIANCE

TM

Rice Alliance Technology Forums in Houston is one the largest energy technology forum in the world

Rice Alliance sponsors include:

World class oil professionals involved with the Titan Oil Recovery cutting edge technology

Brian Marcotte – Ex-CEO of Titan Oil Recovery. Member of Titan’s Board of Directors. Ex-President Unocal Thailand, President Unocal Indonesia, President Unocal Netherlands, and Corporate Vice President Unocal, He served as Chairman of the Unocal Foundation.

William Daily – Ex-Vice President of Atlantic Richfield ,China/ Middle East/Africa with P&L responsibility of $1.5 billion in assets. Ex-Vice Pres. of Hondo Oil & Gas. He currently serves as Vice Chairman of Stanford University’s Petroleum Investments Committee. He has 35 years’ experience in executive management and global business development in the oil and gas industry.

Dr. Alan Heeger  - Dr. Heeger is the recipient of the Nobel Prize in Chemistry 2000 for his research and discoveries in the field of conductive polymers. He is currently Professor of Physics and Professor of Materials at the University of California, Santa Barbara. Dr. Heeger has 60 issued patents and has written over 600 professional articles for leading scientific publications. Member of Titan’s Advisory Board.

Gary Awad – Board of Directors Petro Life Energy, a Titan “sister company”. Managing Principal of Three G Capital, a private equity and VC company. Unocal Corporation ex- Executive Vice President, New Ventures division, developed energy projects in Europe, Africa, and the Middle East. Ex-Corporate VP Global Development for Fluor Corporation

Ron Harrell – Former CEO and Chairman of Ryder Scott, a top oil engineering and consulting firm. Senior Adviser to Carlyle Group and Morgan Stanley Energy Partners. Board member of Petro Life Energy, a Titan “sister” company.

Dr. Warren Kourt – Chairman of Petro Life Energy’s Advisory Board. Adjunct Professor in the Dept. of Energy Resources Engineering at Stanford University. Member of Stanford’s Petroleum Investments Committee and the Society of Petroleum Engineers. BS degree in Petroleum Engineering from the University of Oklahoma and an MS degree in Mineral Engineering from Stanford University.

Scot Evans – Board Member of Titan. Scot Evans is currently Vice President of Halliburton’s Integrated Asset Management Group, responsible for global oil and gas asset management. He has 21 years experience with Halliburton.

Sammy Hamzah – Vice Chairman of the Indonesian Petroleum Association, Indonesia, the world’s 23rd largest oil producer. CEO of PT Ephindo Indonesia, Former Senior Vice President of Unocal Indonesia.

“Titan’s breakthrough technology works… I am

impressed with the results... remarkable consistency.”

— Dr. AlAn HeegerNobel Laureate in Chemistry

“Average incremental cost per barrel in the trial

MEOR application has been USD $6.00”

— Husky sPe PAPer 124319

Advanced Technology The Titan Process is a unique and totally new form of Microbial Enhanced Oil Recovery (MEOR), the science of mobilizing the biology (microbes) that live in oil reservoirs to increase oil production. Titan believes its field-proven, leading-edge technology will help you enhance recovery rates at your fields.

The Titan Process increases the size of the natural biomass in an oil field and creates a patented “activity” that agitates and releases significant quantities of trapped oil from the pore spaces of the reservoir. It also creates a natural unique emulsion that blocks thief zones and channeling, thus reducing the water cut in waterfloods.

n Microbes in the reservoir change morphology (cell structure) and are forced by the physical effects to move towards “trapped” oil in the pore spaces of the reservoir and create micro-droplets that can escape through the tiny pore throats of the matrix.

n Microbes also dislodge oil from the rock surface that is held in place by electrostatic pressure.

n A natural emulsion may also be produced by the combination of some of the microbes, oil and water droplets moving through the high permeability zones of the reservoir. Therefore waterflood sweep efficiency is improved as thief zones are blocked and water is diverted in different flow patterns. The mild emulsion is only created in high permeability zones.

Titan Advantagesn Significant increase in production and cash flown Low risk: A simple low cost pilot test is implemented on

2–3 wellsn No capital or equipment expensen Field life extended for years with increased recoveryn Reduced lifting costsn Costly shutdown expenses postponed for many yearsn Environmentally friendly/biodegradeable (no harsh

chemicals used; no in-fill drilling needed; H2S decreases)n Oil production in most cases should increase within

two weeks for individual wells and one to three months depending on well spacing for waterfloods

Titan Competitive Advantage The Titan Process uses no harsh chemicals, acids and gases to increase oil production. The Titan Process is an advanced state-of-the-art recovery method that puts individual production wells and waterfloods into a new realm of efficiency. The Titan Process will help to increase your production, cash flow and recoverable reserves.

Titan believes this technology is the most efficient and low-cost enhanced oil recovery technology available in the world. Titan Oil Recovery offers you a complete, start to finish program to bring new life to your mature fields and to extend the life of offshore platforms.

Fast, Cost-Effective and Field-ProvenThe Titan Process can increase your daily production and extend the life of your field for many years. No polymers, acids or surfactants are used in the process. Titan Oil Recovery can prequalify your field and then do a simple pilot test on one or two wells. Results usually take place within 2–8 weeks.

Visit the Titan web site and review our easy-to-understand engineering and technology information. We look forward to hearing from you.

www.TitanOilRecovery.comInternational: 001-310-281-0015U.S. & Canada: (310) 281-0015

Step 1: Submit Reservoir DataThe first step is to submit the required petrophysical reservoir data to Titan. From that information Titan’s petroleum engineers will determine if the reservoir has the general favorable characteristics and potential for a successful enhanced oil recovery treatment. Submit at Titan’s website.

Step 2: Fluid Samples TakenIf the petrophysical information appears favorable, step two is to collect representative fluid samples and send them to Titan’s microbiological laboratory for analysis.

Step 3: Lab AnalysisThe third step is Titan’s lab analysis to determine if a favorable microbial community exists in the reservoir, and for Titan to design a suitable nutrient stimulant for that specific community.

Step 4: Pilot Test AgreementThe fourth step is to enter a pilot test agreement with the field operator.

Step 5: Field AnalysisThe fifth step is a field analysis to make sure equipment and other field data is known to Titan.

Step 6: Pilot Test PlannedThis is usually a one well test to make sure the lab work and the actual field responses are in sync. The main purpose of the in-situ test is to make sure the microbial reactions in the reservoir under actual field conditions are the same as what was observed in the lab.

Step 7: Monitoring Protocol EstablishedThe seventh step is to establish the protocol and set up the pre-treatment monitoring system that will be required for a proper “before and after” evaluation of the success of the treatment.

Step 8: Titan Process StartsThe eighth step is to deliver the nutrient stimulants to the reservoir and follow the injection protocol and schedule.

Step 9: Monitoring & Additional TreatmentsStep nine is monitoring the results and administering subsequent treatments as dictated by the reservoir response.

Step 10: Evaluation and AnalysisStep ten is the evaluation and analysis of the pilot test.

9595 Wilshire Boulevard • Suite 303 • Beverly Hills, CA 90212International: 001-310-281-0015 • Int. Fax: 001-310-550-0814 U.S. & Canada: (310) 281-0015 • Fax: (310) 550-0814Email: info@TitanOilRecovery.comWeb Site: www.TitanOilRecovery.com

Copyright © 2016 Titan Oil Recovery, Inc. All Rights Reserved. TITAN OIL RECOVERY and the oil pump logo are trademarks and service marks owned by Titan Oil Recovery, Inc. All other trademarks are the property of their respective owners. Brochure design by www.DesignStrategies.com. Printed in USA.

Contact us for low-cost testing to determine if the Titan Process is right for your oil fields