https://www.bellamont.com/pdf/BellamontPPT.pdf
Growth on a per share basis
? Visibility to increase production from 2515 Boe/d in Q2 2010 to in excess of 5000 Boe/d
by 2012
? > 21 Mmboe reserve upside potential (72% oil) is more than double BMX’s current
2009 y/e booking of 10.3 Mmboe
? At current strip pricing, growth can be funded over next three years out of cash flow and
debt (target debt no greater than 1.5 times cash flow)
Maintain Conservative Balance Sheet
? Current debt to cash flow 1.3 times, based on Q2 2010 cash flow annualized
? Oil/NGL weighting of project inventory will provide stable cash flow
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