2014 Industry Outlook Forum

Cook Inlet Energy, LLCOperational Update

Vision and Commitment

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Exploit oil & gas reserves in safe & environmental way

Minimum Footprint

Create local jobs and help bolster the economy

Community Involvement

Company Snapshot

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An Alaska created E&P company, office located in Anchorage

Own & operate production facilities, and offshore platform, two drill rigs

Team

Significant production

Large acreage position

Significant 2013 CAPEX

Recent announcement of intent to purchase North-Fork Field

Company Assets

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Osprey Platform

Kustatan production Facility (rated for 25,000 bopd)

West Foreland gas facility,

West McArthur production Facility

Osprey Platform

~47 miles of pipelines

facility

Offshore Activities

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Worked-over two gas wells, became self sufficient, started gas sales 2013

Worked-over four oil wells (RU-1A, RU-2A, RU-5A, RU-7)

Currently reworking an oil well

Plan to spud new grassroots well in February

Years of drilling ahead

WMRU Onshore Activities

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Mobilized Patterson 191 drill rig from Tyonek Village area to WMRU

Drill, test, and completed Sword-1 well (883 BOED)

Spud WMRU-8 (Jurassic test planned)

Design & engineering, permitting underway for WMRU-9, WF-3 wells

Design & engineering, permitting underway for Sabre-1

Gas Exploration Westside Onshore Activities

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Built road and drill site pad to Olson Creek gas prospect.

Mobilized Company owned rig (rig-34) to drill sit, partial drilled Olson Creek #1 well (suspended well until summer 2014)

Mobilized rig-34 to Otter pad, drilled well

Olson Creek and Otter gas prospects combined recoverable gas reserves estimated approximately 100 BCF

Susitna Basin Gas Exploration

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Design, engineering, permitting underway for Kroto Creek #1 well

Last winter season built ice road, cleared drill site pad

Currently plan to spud Kroto Creek #1 well winter season 2014/2015

Trans-Foreland Pipeline

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Developments well identified,

Pioneers of concept, new crude oil pipeline that would link Westside to Eastside

Reduced environmental risk by not moving crude oil by ship and through oil terminal near an active volcano

Partnered with Tesoro pipeline group to fund feasibility, design and engineering

Over the last two years our companies have worked together to advance the permitting and engineering of the project.

North-Fork Announcement, Intent to Purchase

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North-Fork currently owned & operated by Armstrong Cook Inlet, LLC 6 Natural Gas wells.

15,465 acres fee simple property.

One drill site / production pad.

Gas processing facility

Estimated Recoverable Reserves range from ~ 20 - 120 Bcf counting proved, probable and possible.

Up to 23 wells to fully develop Field

 

Anchor Point Energy, LLC Dual 4” 9 mile fiberspar composite transmission pipeline from North Fork Unit to interconnect with ENSTAR Gas

Company’s transmission pipeline. Rated at ~22MMcfd capacity.

Pipeline regulated by PHMSA, and State of Alaska agencies as a common carrier pipeline. Tariff approved and regulated by Regulatory Commission of Alaska (RCA).

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Plan Forward

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Continue aggressively exploiting oil & gas reserves

Continue creating jobs that help bolster the local community

Continue being an industry leader

Close on North Fork, implement development plan

Become significant gas provider

Significant 2014 CAPEX planned

Installation & activation of TFPL