Investment
Highlights
- Emerging oil and gas company with undervalued share price
- Experienced management
- Properties located in the oil and gas-rich 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
- $47.1M spent acquiring / developing properties
- Owns infrastructure valued at $20 million
- Current production of 300+ barrels of oil equivalents / day
- Short term goal to produce 1,000 barrels / day
- 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 $921.4 million – based on constant prices and expenses, NPV 10*
- Proven, probable and possible reserves of more than 34.9 million barrels of oil and 94.9 million MCF of gas
- This data is based on Odyssey Petroleum’s published NI 51-101 produced by Fletcher Lewis Engineering Inc. and dated January 1, 2009
**Net present value discounted at 10%
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