ASSETS

Asset Selection

Our corporate strategy is focused on the responsible development of proven shallow oil and natural gas producing assets onshore in the US.

At Black Bear Energy Resources, we evaluate investments through disciplined, cost-conscious capital management based on low-cost, low-risk, high-reward opportunities.

We are very discriminating in the assets we acquire. We look for shallow, easily recoverable, proven onshore reserves with proximity to the required infrastructure to produce strong cash flow and solid investor returns.

Our growing asset portfolio is dynamic. It is designed to create value for our shareholders and sustain company growth and development.

The Black Bear Energy Resources business model allows us to be flexible and competitive when prices, policy, technology, and customer preferences are rapidly evolving.

Our Portfolio Approach Sets Us Apart

“Our portfolio approach to business sets us apart. Black Bear Energy Resources has the flexibility to enter into unique and advantageous agreements that will maximize investor value. The opportunities in the smaller to mid-sized market are exciting, evident, and available. We are focused and confident about the development of domestic natural gas and oil for a low carbon future.”

~ Tony Mason, CEO and Founder

Assets, Infrastructure, Scale

Enders Area of Mutual Interest (AMI): 100% Owned

The Ellsworth Shale is a highly scalable geographic play for both oil and natural gas. The opportunity is vast as this regional shale is commercially underdeveloped.

Black Bear Energy Resources has 100% ownership of the 1,400 acre Area of Mutual Interest (AMI) in the Ellsworth Shale. This 1,400-acre tract in Newaygo and Oceana Counties has formations created by the Great Lakes of Michigan and Huron. It is an exceptional asset with 150 feet of oil and gas-bearing shale found at a depth of about 1,450-1,550 feet. Based on the initial calculations, it is anticipated there are approximately 3.5 million barrels of oil in place in the Enders AMI.

The 1-30 well, also 100% owned by Black Bear Energy Resources, is located within the area of mutual interest (AMI). The initial plan is to develop three additional wells adjacent to the 1-30 well for a total of four wells on this 4.9-acre pad. There is the potential for up to 20 wells on the AMI.

Anticipated oil flow rates are 75-150 bbl per day per well, and natural gas 100-150 mcf (million cubic feet) per day per well.

Each well will be drilled with a 2,000 - 3,000 foot lateral leg at 1,450 -1,550 feet along the Berea sandstone line. The Berea sandstone is the natural trapping mechanism for the oil and gas-bearing Ellsworth shale.

The company will monitor well performance alongside safety and environmental considerations on a 24/7 basis using 5G technology. Black Bear Energy Resources will utilize highly sophisticated technology to shut in or open up wells with an immediate response as needed. The time and money savings will be significant regarding safety, capital allocation, and environmental issues.

The Enders AMI is located between Lake Michigan and Lake Huron in Michigan.

Low-Cost, Low-Risk, High-Reward

Low-Cost

Black Bear Energy Resources focuses on current and near-term development projects.

This focus allows the company to optimize operating expenditures due to the shallow depth of the oil-bearing shale without complex completions.

We value and utilize best-in-class local expertise and international service providers on a project-by-project basis.

Low-Risk

At Black Bear Energy Resources, we are very discriminating about the assets we acquire.

This distinct approach mitigates risks involved with longer-term, speculative assets that do not fit our cash-flow-orientated business model.

The company utilizes leading-edge, state-of-the-art technology, rapid response times, and a forward-thinking management team with a profitable track record in proven, reserve-rich assets.

In a shallow regional shale with a defined development plan, short-cycle production is a solid, compelling investment.

High-Reward

Black Bear Energy Resources is committed to streamlined operations, efficient delivery to market, and cost-conscious capital management.

Our portfolio combines the many critical elements that make shallow shale an extremely compelling return on investment.

Dynamic, Growing Portfolio to Sustain Company Growth and Shareholder Value.

Asset Selection

Our Portfolio Approach Sets Us Apart

Assets, Infrastructure, Scale

Enders Area of Mutual Interest (AMI): 100% Owned

Huber Pipeline: 100% Owned

Low-Cost, Low-Risk, High-Reward

Low-Cost

Low-Risk

High-Reward

Invest with Black Bear Energy Resources

Dynamic, Growing Portfolio to Sustain Company Growth and Shareholder Value.

Asset Selection

Our Portfolio Approach Sets Us Apart

Assets, Infrastructure, Scale

Enders Area of Mutual Interest (AMI): 100% Owned

Huber Pipeline: 100% Owned

Low-Cost, Low-Risk, High-Reward

Low-Cost

Low-Risk

High-Reward

Invest with Black Bear Energy Resources

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