OPERATIONS - TEXAS

Grand Slam field is located ~90 km southwest of Houston, Texas, in Matagorda County within the prolific Frio trend at ~14,000 ft deep. The asset is surrounded by major upstream and midstream infrastructure with exposure to premium markets. Modern 3D seismic benefits and de-risks the project.

ONSHORE GULF COAST BASIN

Frio Trend huge resource (USGS, 2013):

28 TCF of gas

Total resource estimate

6.5 TCF

Huston Embayment trend

GRAND SLAM ASSETS

The field has produced ~21 BCF of gas and 665,000 Bbls of oil, out of 7 wells. New wells will produce a mixture of gas (85%) and liquids (15%), providing a balance commodity mix.

GRAND SLAM

~21 BCF

of 3P gross reserves will be attained through additional infill drilling

With a low Recovery Factor, additional infill drilling will add ~21 BCF & 647,000 Bbls of reserves at low CAPEX and operating costs. Estimated D&C of ~$4.7 MM/well.

From Texas Railroad Commission GIS Viewer. Unofficial field outlines.