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Bonanza Potential in Wyoming Investor Package

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Presentation on theme: "Bonanza Potential in Wyoming Investor Package"— Presentation transcript:

1 Bonanza Potential in Wyoming Investor Package
November, 2014

2 is available upon request
Forward Looking Statements The information contained herein, together with any amendments or supplements and any other information that may be furnished by the company, includes forward-looking information. Such information is based on assumptions as to future events that are inherently uncertain and subjective. The company makes no representation or warranty as to the attainability of such assumptions, including the completion of a financing or as to whether future results will occur as projected. Note this is not a technical presentation – additional technical information is available upon request

3 Summary Highlights Current Shares Outstanding 73,600,000
Fully Diluted ,600,000 Stock Range $.01-$.09 Current Price $.02 Symbol OTCPK: FCEN Focus Wyoming E&P Principal Project Rocky Ford & Phosphoria Financing Up to $250,000 Senior Convertible 10% Notes Special Opportunity: A shareholder friendly to management has acquired approximately $570,000 worth of debt in the company for $150,000. The shareholder will provide the company the ability to allocate half of the debt, $285,000 in return for a new $75,000 note.

4 Balance Sheet The Note Receivable while written off for accounting purposes will we believe see a recovery of about 50% of value over next year. The Note Payable current is with large shareholders who we have advised would only receive payout of future revenue or convert as the company grows at the companies option. Over half is not expected to ever be paid given holder recoveries from other security but we have been unable to reach other parties since In seven years it can come off book. Related Parties were previous management or directors they have been advised would only receive payout of future revenue or convert as the company grows at the companies option. Accrued Liabilities is almost totally a payable under review to former CEO. He has been advised would only receive payout of future revenue or convert as the company grows at the companies option. Current Assets Cash $1,344 Notes Receivable , net of allowance of $878,354 - Total Current Assets $1,344 Oil and Natural Gas, Unproved $210,000 Total Assets $211,344 Liabilities and Stockholders Deficit Current Liabilities Bank Overdraft $19 Notes payable (current portion) $750,097 Related Party Payables $870,578 Interest Payable $319,515 Accrued Expense and other liabilities $159,550 Total Current Liabilities $2,099,759 Total Liabilities $2,099,759 Stockholder Deficit Common Stock $26,100 Additional Paid In Capital $347,900 Deficit accumulated during the development stage ($2,262,415) Total Stockholder deficit ($1,888,415)

5 Proposed Convertible Debt Deal
Shareholder has four parties it will share its portion of debt with. This is done to stay under 4.9% ownership an avoid insider status. Shareholder owner of debt would keep half debt and trade half for a $75,000 current note from company. Providing company ability to give new note holder(s) a combination of past debt which can be converted and new debt. Company would agree to convert 30% of debt over and agree to convert another 35% over at 50% of market in three and six months from date of investment.

6 Our Target- Wyoming

7 Why Wyoming-Macro Prolific Oil and Gas Production
3rd Largest Producer of Natural Gas in USA 8th Largest producer of Oil Oil Production in 1980 was 130,000 BOPD - 63,000 MBPD in 2012 Pipeline, Heavy Oil Refineries, Production Infrastructure in place Well educated labor force

8 Why Wyoming - Micro Joint Venture with experienced successful Evergreen Petroleum team. Principals George Wulf Joe Banks Forest Twiford 40+ Years Global E&P Engineer, Geologist, Research Geophysicist Texaco, Mobil, Pan American Ventures Discovered Edgemnot Minnelusa field & Burnt Hollow (Sun Oil) 40+ Years in Wyoming E&P Drilled and or Operated 1522 wells Mud engineer Gillette based Established & Respected 40+ Years In Wyoming E&P Well site Geo on 451 Minnelusa wells Discovered 6 New Minnelusa Fields Excellent local reputation

9 Evergreen Proprietary Research Study
Began January 2008 – Ongoing- Investment of over $2,000,000 Includes all 319 known Minnelusa Fields to present Geological, Geophysical, and Engineering Reference Information Wyoming Oil & Gas Commission Database Published Papers, especially Wyoming Geological Society Purchase Proprietary Data, Retained Consultants Corporate Information Files

10 Minnelusa Formation Permian Age Sandstone; 220 Million years ago
Major producer of oil Wyoming Total production end Billion bbls Est. Discovered oil in place – 3.5 billion bbls Open Federal, State and Fee Lands Reasonable land costs- $50-$200 acre Shallow depth – feet Est. undiscovered reserves – 8.5 billion bbls Source Proprietary Evergreen Research Study

11 Minnelusa Reservoirs Dune Sandstones 300-400 acres per original dune
Thickness feet Porosity 10-40%; permeability very high Black sour crude oil API degrees Solution Gas Drive initially; later water injection 4-5 million recoverable per dune. Many wells produce over 1 million bbls/well One of the World’s best reservoirs Source Proprietary Evergreen Research Study

12 Location Map Crook County

13 Regional Activity- Prospect Overlay

14 Potential of Minnelusa Heavy Oil Production
Play Area Fee acres in Crook County, Wyoming Depth to pay feet (average 500 feet) Potential Reserves - 5 Billion BO API Gravity - 7 to 24 API 60°F surface Rock Temperature 100 to BH Three Types of Prospects ROCKY FORD Depth feet; Core md, 25% par, 82% oil, 24.5 API, reservoir temp 115 degrees F (?) Near 1909 cable tool well with 15.6 API; swabbed oil Estimated 30 mm bo in buried sand dune BURNT HOLLOW Depth -670 feet; Log md, 26% par, 68% oil av, 9 API at surface, reservoir temp 135 degrees F (?) Flowed water and low gravity oil through perfs Steam injected and recovered 25 bo Estimated 126 mm bo in sand dunes Opportunity is to test Rocky Ford. Sizeable land package current and considerable upside to add additional land at Rocky Ford and analogous prospects Burnt Hollow & Zimmerschied ZIMMERSCHIED 19-T53N, R66W (P&A 1967) Depth feet; Core to 1000 md, 25-30% par, 60 to 80% oil, 7 API at surface, reservoir temp 140 degrees F Well 0.5 mi to east, 5 ft of tight sand with light oil stn & flecks heavy oil

15 Rocky Ford Prospect

16 Rocky Ford Analogies Rocky Point & Brennan Fields
Characteristic Rocky Ford Rocky Point API 15 – 25 API 16 – 19 API Permeability 27 md – 1900 md 500 md average Porosity 12 – 27% 20% Net Pay 5 ft – 40 ft 76 ft Acres 300 acres 880 acres Primary Recovery 10,500,000 bbls Characteristic Rocky Ford Brennan API 15 – 25 API 23 API Permeability 27 md – 1900 md 585 md average, 1.8 md – 2850 md range Porosity 12 – 27% 16% Average, 30% Max Net Pay 5 ft – 40 ft 72 ft Acres 300 acres 320 acres Primary Recovery 723,898 bbls (15.5% recovery) Secondary Recovery 2,444,651 bbls (52.6% recovery) OOIP 4,648,000 bbls Rocky Ford Analogies Rocky Point & Brennan Fields

17 Rocky Ford Initial Production Expectations
Main analogy fields Rocky Point & Brennan Brennan Initial Production : 362 barrels of oil / day Rocky Point Initial Production : 480 barrels of oil / day Rocky Ford Economic Expectation Low Case : Initial Production 50 barrels of oil / day Average Case : Initial Production 150 barrels of oil / day High Case : Initial Production 400 barrels of oil / day

18 Project Economic Low Case

19 Project Economic Average Case

20 Project Economic High Case

21 Sections Currently Owned

22 Rocky Ford Prospect Two Initial Sand Dune Targets

23 Blue Sky Multiple wells per Sand Dune
Sand Dunes range from 4-5 Million Barrels Recoverable Two Initial Sand Dunes well supported Multiple Sand Dunes in larger package Only $100,000 USD to Test including land Theory supports existence of up to 5 Billion Barrels

24 Davis Family -Phosphoria Project – 30,000 Acres

25 Davis Family Investments Deal
Convey 10% of common stock for rights to land package Have two years to commence drilling Control 30,000 acres in productive oil producing region 80/20 deal on drilling Study on land package by credible engineering firm concluded there was 700 MBO in Place and over 300 MBO producible Needs seismic and geological study to advance to drilling stage DFI to provide IR/PR support as part of deal

26 Next Steps 2014 Acquire Equity Conversion and New Financing - November
Announce Davis Trust Drilling Deal - November Acquire additional acreage around Rocky Ford - November Announce drilling plans for Rocky Ford - December Drill Rocky Ford - January If Rocky Ford is successful we will acquire as much acreage as possible around Rocky Ford, Burnt Hollow and Zimmerschied Raise $1-3 Million to conduct seismic on Davis land and advance Rocky Ford Move to AMEX

27 Terry Lynch - Chairman Patrick Johnson - CEO
Management Team & Advisors Terry Lynch - Chairman Patrick Johnson - CEO Co-Founder Pacific Tiger Energy CEO Victura Construction CEO Chilean Metals Super Bowl Champ Mike Cvetanovic Denis Clement Scott Davis Peter Kent Advisor O&G Hedge Fund Fmr Pres. CGX Energy R D Davis Partner LLB Exploration Geologist $1 Billion Raised ,000,000 acres Multiple M&A

28 Bonanza Potential in Wyoming
100 KING STREET WEST SUITE 5600 TORONTO, ONTARIO M5X-1C9 O/F (888) Contact: 777 MAIN STREET SUITE 615 FORT WORTH, TEXAS 76102 O/F (888)


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