2016 Investment Opportunity

Array Petroleum, LLC

Profile & Opportunity Summary

Trusted and experienced operator seeking to acquire producing properties in the LA and TX Gulf Coast and the Gulf of Mexico OCS

2016 provides a unique opportunity to acquire significant legacy properties that have been capital starved and are ripe for value creation through production enhancement and cost reductions

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Management and Operational Team

Management team averages over 27 years experience Geology, Production Management, Engineering

Strong relationships with GOM companies enhances deal flow

Extensive operational and technical expertise in onshore and offshore GOM Majors, independents and private companies

Demonstrated success in reducing costs, increasing production and maximizing profitability

Strong history of safe and environmentally conscious operations Exceptional legacy relationships with the BSEE, BOEM, USCG, LaDNR

Excellent relationships with vendors (over 150 MSAs executed)

Proven Ability to Identify Attractive Assets, Quickly Consummate Transactions and Integrate Operations with Existing Team

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2015 Louisiana Field Acquisitions:

East Bay, Garden Island Bay, and Bateman Lake Fields

Located in both State and Federal waters

Fields were cash flow negative prior to acquisition

Fields acquired through negotiated sale ~$20MM in acquisition costs, ~$95MM for ARO PV10 liability

Increased production 19% to ~3,200 BOEPD from 240 wells

Reduced costs by 26%

Renegotiated and reduced bonding and ARO liability

Fields have been operational cash flow positive since acquisition

Well work, field repairs and maintenance funded through cash from operations

Identified future PUD Locations, exploration potential and recompletion opportunities

Sold assets/transferred ARO liability for an ORRI and a fee to continue operating property

Whitney - Track Record of Success

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Monthly OPEX

6 months Avg Before Acquisition 6 months Avg After Acquisition

Whitney - Immediate Value Creation

2,400

2,500

2,600

2,700

2,800

2,900

3,000

3,100

3,200

Monthly Production

2,700

3,200

BO

EPD

2015 Avg Produciton 2016 Avg Production

Increased Production by 19%; Reduced Monthly OPEX by 26% 5

26%Reduction

After Acquisition

OPEXBefore

Acquisition

Whitney -Decreasing Costs & Maximizing Value

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LOE

LOE

G&A

G&A

Seller

Reduced Cost Breakeven by 47%

Whitney

The Array Model

Systematically Acquire Capital Starved Producing Oil and Gas Properties and Through Operations Optimization and Prudent

Capital Investments:

1. Lower Cost

2. Maximize Production

3. Enhance Operational Cash Flow in Any Price Environment

4. Grow Profitability

5. Environmental & Regulatory Stewardship/Bonding

Create Value in Under-Exploited Assets and Position the Properties for Divestiture When the Market Dictates

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Investment Overview

• Operationally Focused Management Team – Currently evaluating opportunities in Gulf Coast– Strong track record of success

• Unique Opportunity to Consolidate and Extract Value– Underfunded, underdeveloped, often ignored older fields offer

tremendous value propositions– Structure in place to consolidate and operate a broader portfolio of

assets

• Looking for a partner to fund $50mm - $150mm– Use industry contacts and lifelong relationships to enhance deal flow

and acquire producing assets from other operators – Evaluate potential for low cost, high return workover/development

programs– Generate strong IRR and cash flow to distribute to partners and

opportunistically invest in additional assets

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James (Jim) M. ZotkiewiczPresident / Senior Exploration and Geology Partner

• Jim, a Certified Petroleum Geologist, has 34 years of exploration and production experience in the Louisiana/ Texas onshore and shelf regions of the Gulf of Mexico. He has focused his career on the evaluation of producing properties and drilling projects for acquisition, exploitation, and divestiture.

• In 1991, Jim formed Zot Oil and Gas, LLC to evaluate and take a working interest position in the acquisition of producing fields and in drilling projects. From 1991 to present, he has worked with teams that have been responsible for the acquisition, exploitation, and divesture of greater than $1.2 billion in asset sales from approximately 265 wells in more than 40 South Louisiana and OCS Federal water fields. Aside from asset sales, Jim has participated in multi well projects in which have had cumulative production of ~2 MMBO and 22 BCFG and has proposed and enacted field drilling programs which have resulted in 3.8 MMBO & 6.2 BCFG reserve adds with additional work remaining.

• He began his career with Aminoil, USA as a development geologist. Jim has held managerial roles with Taylor Energy Company, LLOG Exploration Company, Whitney Oil & Gas, and as an independent geologist, participating as a joint venture working interest owner in several drilling projects. Currently, Jim is a partner of Array Petroleum.

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John Scott RussellEVP – Senior Engineering Partner

• John graduated with a Bachelor of Science in Petroleum Engineering and has over 19 years of industry experience on the Gulf Coast, OCS, and inland water areas of Louisiana and Texas. The majority of those 19 years have been in production engineering roles with an emphasis on wellbore mechanics.

• John has engineered and managed rig operations, coil tubing, snubbing, electricline, and abandonment operations on over 1000 wells in his career. He has been responsible for capital budgets ranging in size from 10 million dollars with small private companies to over 400 million dollars in publically traded firms. Production additions from those operations has yielded over 100,000 boepd.

• He began his career with Unocal Corporation as an engineer in training where he spent two years working offshore in the Gulf of Mexico performing rig workover operations, then moved into an engineering role where he spent the next 3 years managing workover and completion projects. After Unocal, John held production engineering positions with EPL, TPIC, Cox Operating, and providing consulting engineering services for multiple companies along the Gulf Coast. Currently, John is a partner of Array Petroleum.

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Stephen (Steve) J. LedetEVP – Senior Operations Partner

• He is an upstream oil and gas Petroleum Engineer with over 30 years of experience with progressively increasing levels of responsibility in the oversight, management and operation of Gulf Coast oil and gas facilities. Steve has a proven track record of optimizing production, improving runtime and controlling expenses, while maintaining noteworthy safety and regulatory compliance standards.

• Steve has managed operations of over 700 offshore facilities, including 26 manned facilities, was responsible for production of 18,000 BOPD and 30 MMSCF/D gas (400 producing wells, 3,000 pipelines and 94,000hp of gas compression) and he had an annual operating expense budget of $180 MM.

• Steve served as Production/Construction Manager at EPL Oil and Gas, Inc. from 2004 to 2014 and was the Regulatory Advisor at Chevron Texaco North America Upstream from 2003 to 2004. He was the Senior Staff Engineer at Exxon Mobil Production Company for six years. Steve has held various petroleum engineering positions at the U.S. Department of the Interior Minerals Management, Owensby & Kritikos, Inc., Energy Corporation of America, and Apache Corporation. Currently, Steve is a partner of Array Petroleum.

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