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Overview

INEXS was founded in 1990 to provide complete technical advisory

services to the upstream oil and gas industry worldwide.

The technical teams of reservoir engineers, geologists, and

geophysicists have worked every major petroleum basin in the

United States, and 40 countries worldwide.

INEXS has technical expertise in shale and unconventional

reservoirs, tight reservoirs, carbonates, and conventional reservoirs.

The INEXS management team is fully capable of analyzing,

negotiating, purchasing, drilling, completing, and operating wells

anywhere in the US, including accounting and regulatory filings.

Prime Offshore Rutherford Oil Corporation

MEDALLION OIL COMPANY

Project Locations

Technical Advisory Services

Technical team of 20 Petroleum Engineers and Geoscientists

Asset valuations and technical analytics

Due diligence analysis for G&A, OPEX, Drilling & Completions

Contract Production Operations – New

Independent reserve reports

Technical analysis sell-side and buy-side for A&D

Expert witness and litigation support

Basin analysis and regional geology

Integrated field studies

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Restructuring

INEXS has extensive experience providing consulting services for

both the Debtor and Creditor sides during a company's

restructuring. INEXS provides acreage and asset valuations,

expert witness testimony, and company evaluations for ad-hoc

creditor committees using both public and proprietary data

Expert Reports and Expert Witness Testimony

Technical Team

Project Management

Petroleum Engineers and Geoscientists

Technical expertise in asset valuations

ARIES and PhDWin production database expertise

DrillingInfo, PLS DocFinder software

SMT Kingdom, Rock Solid Attributes, Rock Flow Dynamics software

Regional Basin Studies

Haynesville / Cotton Valley – March 2017

100+ page report on the Permian Basin – November 2016

98 page report on the Eagle Ford – August 2016

3-year onshore Gulf Coast basin study with Ion completed 2014

4-year offshore GOM basin study with Ion completed 2016

1400+ page report on all basins in Mexico – June 2014

Marcellus & Utica Basin report – in progress

Bakken Basin report – in progress

Anadarko SCOOP / STACK Basin report – in progress

INEXS teams have generated independent asset valuations

for companies in virtually every shale basin and

conventional basin in North America and 40 countries

around the world.

INEXS provides insight, clarity, and accuracy as well as

technical and litigation support for numerous distressed

debt and bankruptcy cases in North America.

M&A

INEXS has provided the technical heavy lifting for more than a dozen

sell-side mandates with assets in the Permian, Utica/Marcellus,

Haynesville/Cotton Valley, GOM, and Eagle Ford for Chevron, BP,

Marathon, and several others

INEXS has worked the buy-side on over 100 asset acquisitions over

the past 15 years

Production Operations Audit and Analysis

INEXS teams have audited assets on behalf of creditors and banks to

determine reasonable cost reductions and cost controls of LOE’s,

G&A, allocation of costs, and operational efficiencies

INEXS teams offer contract production operations with the goal of

reducing costs, and extending the runway of profitability for producing

assets

INEXS teams provide C-level production management, accounting,

production engineering management, financial analysis, and

regulatory reporting

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The staff at INEXS have extensive operations knowledge

and have managed projects anywhere from 10 to over

10,000 wells. INEXS production and operations management

expertise along with the experienced technical staff of

engineers, geoscientists and accountants will ensure that

your property is managed efficiently and safely.

Communication

Reporting of operational results on a weekly, monthly, or quarterly basis

Online access to operational data

Operations

Provide supervision and management of day to day operations

Production monitoring and reporting (decline curves, histories, etc.)

Optimization of artificial lift systems

Evaluation of all operating costs

Assessment of gathering, transportation and processing agreements

Regulatory

File all monthly production reporting, annual testing and injection reports

required by various state and federal regulatory agencies

Monitor production vs sales volumes to insure variances are within normal

tolerance

Accounting

General Ledger/Property

Complete general ledger processing

Financial reports

Property (LOS) reports

AFE tracking & reporting

Accounts Payable

Invoice processing (review and approve invoices in integrated

document management system) and Invoice payment

Joint Interest Billing / Accounts Receivable

Monthly billings per joint operating agreements

Field and labor allocations

Revenue Processing/Severance Tax

Record all revenue to appropriate lease/well level

Make revenue disbursements to joint owners and royalty owners

Safety/Environmental

On site safety representatives

Assessment of current safety programs

Phase I site inspections and Hazard and Safety Program

assessments

Incident response

Assess permitting/reporting requirements

Air Quality

Greenhouse gas reporting

SPCC Response plans

Regular safety meetings and employee training

SARA Title III

NORM

One Call program

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Craig Davis – President & CEO. Craig Davis co-founded INEXS in 1990 to provide premium geoscience and engineering consulting services tothe worldwide oil and gas industry. He is actively involved with the management of many of the company’s projects, and is responsible for mostof the large projects for major oil companies that include field evaluations, packaging and selling producing assets, and major acquisitions. Craigbegan his career in 1980 when he graduated from Indiana University with a BS in Geology, and began working the mid-continent of the U.S. forTexaco in Tulsa. His career path includes projects in the North Sea, Africa, and the Middle East with Monsanto Oil Company, Tri-D, andLandmark.

Dr Jorge Manrique – Vice President of Operations. Dr. Jorge Manrique manages all of INEXS’ contract production operations, andproduction optimization projects. Jorge has 30 years of experience worldwide with Schlumberger, Yukos, Oxy, Hilcorp, FTSI, and ShellInternational. Jorge holds a PhD and MSc in Petroleum Engineering from the University of Tulsa, and his BSc from National University ofEngineering in Peru. Jorge has expertise in horizontal and vertical drilling, reservoir stimulation, fracking, numerical simulation, transientanalysis, reservoir characterization, enhanced oil recovery, applied geomechanics, both conventional and unconventional reservoirs, maturefields, and waterflooding operations.

Cory Rickel – Vice President Accounting. Cory Rickel is responsible for all financial and administrative affairs of the company. Cory has over20 years of experience in the oil and gas services sector. He has held various senior positions (CFO/Controller/VP Finance) with several privateequity owned oil and gas service companies such as TESCO, International Logging, DHI Services, Oilfind International, and INEXS. Cory hasextensive experience with multi-company rollups, private equity investment/investors, international entities, due diligence, and M&A. Hereceived his BBA in Accounting from Texas A&M, MBA from UH-Victoria, and is an active CPA.

Steve White – Vice President of Production . Steve is responsible for production and drilling operations. He has 30 plus years of oil and gas experience from onshore to Deepwater, horizontal to vertical, low to high pressure wells, sweet or sour. He has a Petroleum Engineer degree from Texas A&M and worked in various positions offshore for the first ten years of his career for Murphy Exploration & Production in field operations, drilling, and completions. Later he moved to the head office where he worked in various departments and became the Senior Production Manager. He has also worked for Woodside Energy, JGC Energy and Tema Oil and Gas.

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Dan Ward – Vice President of Geosciences. Dan Ward directs and manages all INEXS projects and technical personnel. His 40 years ofindustry experience has enabled him to ensure technical and operational excellence for both companies. Dan began his career in the oil and gasindustry working as an apprentice geophysicist while still in high school. He was able to pay for his own college education from Oregon StateUniversity in 1981 with a BS in Geology. His first job out of college was working for Texaco in the Mid-continent. Dan’s career path has includedcompanies such as CMS NOMECO, Petrotech Peruana, OGMC, and Epsilon Energy.

Luke Wilkens – Vice President of Business Development. Luke Wilkens is responsible for exploring and promoting all new opportunitiesfor INEXS. He brings with him over 17 years of experience in Business Development. He is very active in the M&A, Capital / Debt Provider, andRestructuring and Turnaround community. Luke began his career in the oil and gas industry as a field engineer for Schlumberger (Z-Seisacquisition). Since then, Luke’s career path in Business Development has included Schlumberger, Knowledge Reservoir, RPS, and INEXS. In 2016,Luke was a recipient of Oil and Gas Investor Magazines “30 Professionals Under 40”

Ted Lundgren – Senior Financial Analyst. Ted Lundgren is responsible for business and financial modeling and has 25 years in financialservices and analysis . Ted owns Hg Capital Advisors a quantitative analysis and management firm and is managing director of Numetrix CapitalManagement. He holds degrees from Indiana University in Economics and East Asian Cultures with a concentration in Japanese

Behrooz Ramesh, Ph.D., P.E. – Vice President Reservoir Engineering. Behrooz Ramesh conducts reservoir engineering studies on many of INeXS’ Challenging projects. With over 45 years of varied experience in many facets of reservoir engineering – from simulation of complex recovery techniques to field project implementation design to conventional reserves evaluation – as well as technical and functional management. He received his PHD from the University of Texas. Behrooz began his career with Gulf Research & Development and continued with INTERCOMP, Sohio, and BP. Behrooz has coauthored 15 technical publications.

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Completed acreage valuation and provided

expert report for all of Magnum Hunters

Utica and Marcellus positions. Worked on

Debtor Side through Magnum Hunter, PJT,

and K&E.

Completed evaluation of all Sandridge assets

using publicly available data. Worked on

Creditor Side through Fir Tree Partners.

Valuation and potential witness testimony for all

of Sabine's assets. Reviewing relevant

transactions to provide accurate valuations of

Sabine's assets. Working on Creditor Side with

PJT, Berkeley Research Group, Ropes and

Gray.

Completed evaluation of all Ultra assets

using publicly available data. Worked on

Creditor Side through Fir Tree Partners

Independent analysis of SPEE risk factors

associated with future drilling operations of

PDNP and PUD proven reserves on Debtor

side with EXXI , PJT Partners, and Vinson &

Elkins. Created Expert report and provided

deposition testimony.

Evaluation of all Stone Energy Appalachia

assets using publicly available data. Worked

on Debtor Side through Latham & Watkins.

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Deepwater GOM Trident Field in the Perdido

Fold Belt – sale pulled after drop in oil prices

Deep Bossier tight gas sand divestiture

project in East Texas with 6,000 acres

Multiple projects including several GOM block

divestitures, and South Texas exploration

portfolio

Provided full technical support for analysis,

management presentations, and follow up for

Gulf of Mexico 24 fields producing 34,000

BOPD.

Shallow conventional PDP package with EUR

potential in New Mexico

GOM exploration package sold to Manti

Resources

CANYON

E&P

Private Company

8,000 BOPD PDP with 18,000 acres in the

Permian Wolfcamp merger with public Co.

Worked with Mizuho Bank

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Key Bank led a group of banks looking to

cash bid on producing assets in the Uinta

basin. INEXS supplied a team to generate a

complete analysis of LOE and G&A cost

structure to provide lower costs operational

overhead, as prices improved.

Coral Reef Capital have hired INEXS teams on

several occasions to review and provide due

diligence on production packages, well workover

plans, G&A, and LOE analysis.

TPG brought in INEXS to provide technical

backup for a team targeting an acquisition

package of Gulf of Mexico producing properties.

The team was the second highest bidder out of

fourteen companies, indicative of a conservative

technical approach while still giving value for

upside potential.

GSO requested INEXS to do a deep dive on

the PDP assets and future drilling potential

for Saratoga Resources.. This work was

done with full cooperation from Saratoga’s

Management Team. INEXS was then hired

again one year later to determine the

adjusted value of the companies assets.

Completed evaluation of all New Gulf

Resources producing assets and future

drilling potential, as well as an evaluation of

the management team. Worked for Ad-Hoc

Creditor Committee through PJT, and Strook

and Strook.

Blackstone engaged INEXS to provide technical

assistance on several PDP acquisition assets

over a 12 month period for a startup management

team. Assets ranged from Gulf of Mexico to

California, to onshore Louisiana.