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Investment Highlights
- Emerging oil and gas company with undervalued share price
- Experienced management
- Properties located in the oil and gas-rich state of Mississippi area
- Employs latest geophysical and geological technologies
- Focused on improving production / cash flow from wells
- Drilling in highly prolific areas will continue to rapidly increase production
- Increased production in the fourth quarter 06 by 20% to $7.5M annualized revenues
- $37M spent acquiring / developing properties
- Owns infrastructure valued at $20 million
- Current production of 400+ barrels of oil equivalents / day
- Short term goal to produce 1,000 barrels / day generating $16 million per annum
- Extensive reserve studies by Fletcher Lewis of Oklahoma
- Over 30 years of geological data and historical information
Future Revenue and Current Reserves
- Potential future revenue is $978.9 million – based on constant prices and expenses, NPV 10*
- Proven, probable and possible reserves of more than 34.6 million barrels of oil and 97.5 million MCF of gas
- This data is based on Odyssey Petroleum’s published NI 51-101 produced by Fletcher Lewis Engineering Inc. and dated December 7, 2006
*Net present value discounted at 10%
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