Petrobridge Investment Management, LLC IPAA Private Capital Conference April 19, 2004 New York, NY

2 Who is Petrobridge? Company was formed in April 2003 Rob Lindermanis and Mike Keener - Principals Assembled a team of experienced E&P and financial professionals Capital commitments of $200MM Capital provider with an emphasis on debt Since start-up, closed six financings with capital commitments up to $86mm (three financings pending with up to $70mm in commitments)

3 Business Philosophy We are seeking to fund: ● Companies that acquire and develop oil and gas wells within their geological/geographic or functional expertise ● Companies that can create additional value through exploitation of acquired properties, re-completions, and drilling of new development wells using state-of-the-art technology ● Companies with strong management possessing technical and operational backgrounds ● Prefer companies which act as operators of funded projects ● $5-100 million funding size

4 Working With Your Company Acquisition of producing properties Development drilling of oil and gas properties Enhancement/exploitation of oil and gas properties Re-capitalization of the company in meeting its goals Monetization of existing assets Bridge financing Petrobridge seeks relationships with companies in need of capital for the following:

5 Investment Decision Issues Debt Structures Commodity Prices Collateral Coverage Repayment Schedule Covenants

6 Closed Deals Northstar Gulfsands, LLC $14,471,053 Senior Secured Credit Facility Co-Investment to fund the acquisition of 50% working interest in offshore oil & gas field February 2003 Aspect Energy, LLC $25,000,000 Subordinated Revolving Credit Facility to fund drilling program July 2003 Infinity Oil & Gas of Wyoming, Inc. $3,850,000 Bridge Loan July 2003 Llano Royalty Corporation $40,000,000 Senior Secured Credit Facility to fund Barnett Shale drilling program December 2003 Inflow Petroleum Resources, LP $25,000,000 Senior Secured Credit Facility to fund the acquisition and development of oil & gas assets December 2003 RMG I, LLC $25,000,000 Senior Secured Credit Facility to fund the acquisition of Powder River Basin assets January 2004

7 Information Required Petrobridge will need the following information to initiate detailed evaluations: Corporate Overview Reserve Report Use of Proceeds Field Summary Delivery Points Resumes on key personnel References

8 Rob Lindermanis Mike Keener Petrobridge Investment Management, LLC 1600 Smith Street Suite 4250 Houston, Texas T: / F: