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EAGLE DRILLING VENTURE 2019 LP
Presented by Eagle Resources Corporation
SAFE HARBOR
This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities.
Such offers are made only by the confidential Eagle Drilling Venture 2019 L.P. Private Placement
Memorandum (PPM). Investors in limited partnership interests are required to meet certain
suitability standards that are set forth in the Investor Suitability section of the PPM.
This document does not replace the PPM and is qualified in its entirety by the PPM. The investment
involves various degrees of risk, including the speculative market associated with fluctuations in the
price of oil and natural gas market. Refer to the PPM for details. The information contained in this
brochure is objective only. There is no guarantee these objectives will be met
2
TABLE OF CONTENTS
EXECUTIVE SUMMARY
INVESTMENT SUMMARY
NEW DRILLING OPPORTUITY
GEOLOGICAL ANALYSIS
ECONOMIC ANALYSIS
INTANGIBLE DRILLING COSTS TAX BENEFITS
JOINT VENTURE PARTNERSHIP
MANAGING GENERAL PARTNER
SUMMARY
…………..……………………………………………………4
……………….……………………………………………..5
…..……………….…………………………………..6
…..………………..………………………………………..7
……………..………………………………………………..10
………….……………………..14
…………………………….……………………..15
………….………………………….…………..16
…………………..………….……………………………………………....18
3
Eagle Drilling Venture 2019 LP (EDV2019LP) is a limited
partnership created to participate in the drilling of two (2)
wells in the Lodgepole Reefs geologic area of Southern
North Dakota.
Eagle Resources Corporation has retained award-winning
geophysical engineer James Oltmans II, who originally
discovered the Lodgepole formations in 1995. Today, using
advanced 3D seismic analysis, he has uncovered 2.5 MBBO
in the Panther and Ocelot oil fields.
The goal of this limited partnership is to extract these
new crude oil reserves.
Based on the geological analysis found in this presentation,
our confidence level to achieve this result is 95%.
EXECUTIVE SUMMARY
PROJECTED IRR
107%
MINIMUM
180%
MOST LIKELY
269%
MAXIMUM
Based on projected economic
factors outline on page 11.
4
Eagle Resources Corporation is offering a total of forty
(42) units available at a cost of $100,000 per unit ($4.2
million). See EDV 2019 Private Placement subscription
agreement.
• Units may vary in size at the discretion of the
managing Partner.
• The investment will be structured as a Limited
Partnership to limit general liability risk to the investor.
• Total Cost for both wells will total $4,125,000; LP
represents 35% of total well cost.
• Only Royalties will be 3rd party royalties, Eagle
Resources will not take a Royalty Interest
• The investment is being offered to accredited
investors only
INVESTMENT SUMMARY
5
NEW DRILLING OPPORTUNITY
Eagle Resources has uncovered 2.5 MBBO in
the Panther and Ocelot oil fields in the Williston
Basin of North Dakota.
In 1995, geophysical engineer Jim Oltmans II
discovered the Lodgepole Formation in the
Williston Basin of North Dakota. In that field,
there were individual wells with production
rates in excess of 2700 BOPD. For his efforts,
he received an Outstanding Exploration Award
from The Rocky Mountain Association of
Geologists.
RENEWED EXPLORATION INTEREST
Today, the Lodgepole Formation is now thought
to extend over a larger portion of the Williston
Basin than previously thought. Using advanced
3D seismic analysis, Mr. Oltmans has
uncovered 2.5 MBBO in the Panther and
Ocelot oil fields.
To capitalize on this discovery, Eagle
Resources has retained Mr. Oltmans as a key
advisor for this new drilling opportunity.
6
GEOLOGICAL ANALYSIS
The primary seismic attribute for detecting favorable
drilling location is higher amplitude anomalies, shown
here in green to yellow in the Lodgepole Reefs.
OVERVIEW
Both wells will be drilled within
the Lodgepole Reefs geologic
area in the Williston Basin, within
the Ocelot and Panther oil fields.
Fifteen (15) wells have been
developed in and around the
Ocelot and Panther oilfields - 13
producing wells and 2 injection
wells.
The 13 successful wells have
produced 15.7 MMBO.
To minimize geologic risk, Eagle
Resources and partners used
advanced 3D seismic analysis
as well as data from surrounding
wells.
7
GEOLOGICAL ANALYSIS
ADVANCED 3D SEISMIC ANALYSIS
• 42 wells inside the 3D survey bounds of the
Lodgepole Reefs were examined for four
unique attributes common within successful
wells.
• When all four attributes are found, the well
yields a success rate of 95% (40 out of 42
wells).
• The proposed Panther and Ocelot
prospect wells have all 4 attributes.
This analysis was performed by James Oltmans
II, a Geophysical Engineer who originally
discovered the Lodgepole Formations for
Duncan Oil in 1995.
8
UWI/API OPERATOR Amplitude Isochron Bls time Reef pick OIL GAS WATER
33089001600000 TEXACO INCORPORATED No No No No
33089001940000 APEXCO INCORPORATED Yes No No Yes
33089002320000 SHELL OIL CO No No No No
33089002640000 WESCO OPERATING INC No No No No 330,457 145,914 8,241,349
33089002770000 WESCO OPERATING INC No No No No 560,549 252,114 8,135,180
33089002850000 WESCO OPERATING INC No No No No 106,131 51,306 1,398,241
33089003510000 CENERGY EXPL CO No No No No
33089003740000 MOBIL OIL CORP No No No No
33089004160000 COLUMBIA GAS DEV CRP No No No No
33089004260000 ARMSTRONG OPRTG INC Yes Yes Yes Yes 634,475 340,162 2,925,453
33089004280000 WHITE ROCK O & G LLC Yes Yes Yes Yes 39,860 19,931 82,930
33089004340000 ARMSTRONG OPRTG INC Yes Yes Yes Yes 5,818 2,392 4,609
33089004360000 WHITE ROCK O & G LLC Yes Yes Yes Yes 1,239,614 506,631 2,913,871
33089004370000 SCOUT ENERGY MGMTLLC Yes Yes Yes Yes 1,307,751 626,268 2,711,465
33089004400000 SCOUT ENERGY MGMTLLC Yes Yes Yes Yes 4,840,904 2,645,659 4,764,257
33089004410000 MERIDIAN OIL INC No No No No
33089004410100 MERIDIAN OIL INC No No No No
33089004420000 ARMSTRONG-JORDAN Yes Yes Yes Yes
33089004470000 WESTPORT O&G CO LP Yes No Yes No
33089004530000 DUNCAN RAYMOND T Yes No Yes Yes
33089004580000 DUNCAN RAYMOND T No No Yes No
33089004660000 WHITE ROCK O & G LLC Yes Yes Yes Yes 376,866 136,459 2,961,544
33089004670000 SCOUT ENERGY MGMTLLC Yes Yes Yes Yes 2,540,665 1,357,870 4,665,711
33089004680000 ARMSTRONG OPRTG INC No No No No
33089004710000 TRANSTEXAS GAS CORP Yes No No No
33089004740000 WESCO OPERATING INC Yes Yes Yes Yes 289,986 132,557 251,464
33089004790000 SCOUT ENERGY MGMTLLC Yes No Yes Yes 635,882 336,411 2,608,836
33089004880000 SCOUT ENERGY MGMTLLC Yes Yes Yes Yes 407,026 264,512 1,379,645
33089004900000 SCOUT ENERGY MGMTLLC Yes Yes Yes Yes 1,448,879 559,178 2,287,438
33089004910000 DENBURY ONSHORE LLC Yes No Yes No 132,214
33089005340000 DUNCAN OIL CO INC No No No No
33089005390000 DUNCAN OIL CO INC Yes Yes No No
33089005510000 WHITE ROCK O & G LLC Yes Yes Yes Yes 257,389 108,913 2,272,791
33089005540000 ARMSTRONG OPRTG INC No No No No
33089005750000 PETROSEARCH OPER CO Yes No No Yes
33089005830000 ARMSTRONG OPRTG INC Yes Yes Yes Yes 851,167 326,381 23,434
33089005840000 ARMSTRONG OPRTG INC Yes Yes Yes Yes 874,110 341,801 303
33089006170000 ARMSTRONG OPRTG INC No No No No
33089006520000 WESCO OPERATING INC Yes No Yes Yes
33089006890000 CHIMNEY SWEEP O & G No No No No
33089008600000 ARMSTRONG OPRTG INC No No No No
33089008990000 ARMSTRONG OPRTG INC No No No No
YES YES YES YES
YES YES YES YES
Dry Hole
Dry Hole
Dry Hole
PANTHER PROSPECT
Dry Hole
Dry Hole
Dry Hole
Dry Hole
Dry Hole
Dry Hole
Dry Hole / Missed Target
Dry Hole
Dry Hole
Dry Hole
Dry Hole
Dry Hole
Dry Hole
Dry Hole
Dry Hole
SEISMIC ATTRIBUTES
Dry Hole
Dry Hole
Dry Hole
Dry Hole
Dry Hole
RESULTS
OCELOT PROSPECT
PRODUCTIVE
LODGEPOLE WELLS
RESULTS NOT AS
PROJECTED
FOUR COMMON
ATTRIBUTES
When all four attributes
are found, the well yields a
success rate of 95% (40
out of 42 wells).
The proposed Panther
and Ocelot prospect
wells have all 4
attributes.
GEOLOGICAL ANALYSIS
9
ECONOMIC ANALYSIS
Two main variables affect an
investment in oil/natural gas wells –
commodity pricing and the amount
recoverable reserves.
As commodity pricing can be volatile
in nature, the following economic
analysis attempts to take this into
account by examining three economic
cases based upon varying commodity
prices.
EDV2019LP PROJECTED
INTERNAL RATE OF RETURN (IRR)
• Minimum: 107%
• Average: 180%
• Maximum: 269%
As this prospect is still considered exploratory
in nature, there is still a risk of an unsuccessful
well, however given the geologic data
examined, we can estimated the chance for a
successful well at 95%.
100
ECONOMIC ANALYSIS: Projected IRR
MINIMUM MOST LIKELY MAXIMUM
OIL PRICE $ 26 $ 52 $ 80
GAS PRICE $ 2.50 $ 3.50 $ 4.50
OCELOT WELL
OIL BBLS 679.50 1,510.00 1,963.00
GAS MMCF 271.80 604.00 785.20
PANTHER WELL
OIL BBLS 533.50 1,067.00 1,387.00
GAS MMCF 213.4 554.8 426.8
EDV 2019 LP IRR 107% 180% 269%
111
ECONOMIC ANALYSIS: After Taxes
122
ECONOMIC ANALYSIS: Distribution
133
ECONOMIC ANALYSIS: Tax Benefits
EDV2019 Limited Partners will be investing in the Intangible Drilling
Costs of both prospective wells. This qualifies members to take
advantage of the Intangible Drilling Costs tax benefit under current
U.S. tax code.
INTANGIBLE DRILLING COSTS
Under current tax code, this is 100% tax deduction for federal
income tax purposes. To facilitate this benefit, Intangible Drilling
Costs will account for 80% of total well expenditure, or $3,300,000.
To maximize this tax incentives for limited partners, this investment
will functionally allocate the tangible drilling costs to Eagle
Resources Corporation - 20% of total well cost, or $825,000.
Only Royalties will be 3rd party royalties, Eagle Resources will not
take a Royalty Interest.
144
JOINT VENTURE PARTNERSHIP
ABOUT FREEDOM ENERGY RESOURCES
Freedom Energy Resources is a company engaged in
the exploration and development of oil and gas assets
with a focus on conventional oil and gas. Freedom’s
highly regarded, professional management team has
collectively more than 100 years of experience and has
worked together successfully for nearly 20 years. This
team utilizes industry leading best practices to achieve
superior results and possesses significant technical and
operational experience.
For EDV2019 LP Eagle Resources Corporation has joint ventured with Freedom
Energy Operating LLC. Freedom Energy will own 55% of the wells and be the
operator of the Partnership wells
The Eagle Drilling Venture 2019 LP will own approximately 35% working interest and
a 27.125% revenue interest in the Panther well the Ocelot wells.
To learn more about Freedom
Energy Resources LLC, visit
www.freedomenergyres.com
155
MANAGING GENERAL PARTNER
Eagle Resources Corporation will serve as the managing General Partner for
Eagle Drilling Venture 2019 LP.
Incorporated in 1983, Eagle Resources is a non-operating Exploration &
Production company providing qualified investors with access to highly-vetted &
limited liability drilling opportunities.
Eagle Resources is currently owned and operated by H. James Adams. Under
Mr. Adams’ leadership, Eagle Resources has successfully drilled 198 wells in
Pennsylvania and raised over $20,000,000 in partnership capital.
Current opportunities include drilling ventures in multiple geological areas of the
United States. Today, through best-in-class drilling analysis and strategic JV
partnerships, Eagle Resources provides its partners with highly-vetted drilling
ventures in the United States.
166
H. JAMES ADAMS BACKGROUND
H. James Adams is President and CEO of Eagle Resources
Corporation, a position he has held since the company’s
inception in 1992. During this time, he has been involved in
198 drilling ventures in Pennsylvania.
Prior to Eagle Resources, Mr. Adams owned and was
President of Adams Energy, Inc., which provided financial
consulting services to independent oil & gas companies.
Other notable positions include Treasurer and CFO of
Angerman Associates, Inc. (1983 - 1990), an independent
natural gas production company. Senior Analyst at
Consolidated Natural Gas Corporation (1983 - 1990), where
he was involved in the exploration, development, and
marketing of natural gas. Mr. Adams began his professional
career with Price Waterhouse & Co.
Mr. Adams holds a BS in Accounting from Duquesne
University, an MBA from the University of Pittsburgh, and is a
Certified Public Accountant.
H. James Adams, CEO
Eagle Resources Corporation
Phone: 724-720-9353
Email: hja@eaglerescorp.com
177
REQUEST PRIVATE PLACEMENT MEMORANDUM
This investment is reserved for accredited investors only. To
request a private placement memorandum for Eagle Drilling
Venture 2019 LP please contact us today.
CONTACT EAGLE RESOURCES
Office: 724-720-9353
Mobile: 724-612-7901
Email: hja@eaglerescorp.com
Web: www.eaglerescorp.com
EDV2019LP SUMMARY
188

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Eagle drilling venture 2019 LP

  • 1. EAGLE DRILLING VENTURE 2019 LP Presented by Eagle Resources Corporation
  • 2. SAFE HARBOR This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities. Such offers are made only by the confidential Eagle Drilling Venture 2019 L.P. Private Placement Memorandum (PPM). Investors in limited partnership interests are required to meet certain suitability standards that are set forth in the Investor Suitability section of the PPM. This document does not replace the PPM and is qualified in its entirety by the PPM. The investment involves various degrees of risk, including the speculative market associated with fluctuations in the price of oil and natural gas market. Refer to the PPM for details. The information contained in this brochure is objective only. There is no guarantee these objectives will be met 2
  • 3. TABLE OF CONTENTS EXECUTIVE SUMMARY INVESTMENT SUMMARY NEW DRILLING OPPORTUITY GEOLOGICAL ANALYSIS ECONOMIC ANALYSIS INTANGIBLE DRILLING COSTS TAX BENEFITS JOINT VENTURE PARTNERSHIP MANAGING GENERAL PARTNER SUMMARY …………..……………………………………………………4 ……………….……………………………………………..5 …..……………….…………………………………..6 …..………………..………………………………………..7 ……………..………………………………………………..10 ………….……………………..14 …………………………….……………………..15 ………….………………………….…………..16 …………………..………….……………………………………………....18 3
  • 4. Eagle Drilling Venture 2019 LP (EDV2019LP) is a limited partnership created to participate in the drilling of two (2) wells in the Lodgepole Reefs geologic area of Southern North Dakota. Eagle Resources Corporation has retained award-winning geophysical engineer James Oltmans II, who originally discovered the Lodgepole formations in 1995. Today, using advanced 3D seismic analysis, he has uncovered 2.5 MBBO in the Panther and Ocelot oil fields. The goal of this limited partnership is to extract these new crude oil reserves. Based on the geological analysis found in this presentation, our confidence level to achieve this result is 95%. EXECUTIVE SUMMARY PROJECTED IRR 107% MINIMUM 180% MOST LIKELY 269% MAXIMUM Based on projected economic factors outline on page 11. 4
  • 5. Eagle Resources Corporation is offering a total of forty (42) units available at a cost of $100,000 per unit ($4.2 million). See EDV 2019 Private Placement subscription agreement. • Units may vary in size at the discretion of the managing Partner. • The investment will be structured as a Limited Partnership to limit general liability risk to the investor. • Total Cost for both wells will total $4,125,000; LP represents 35% of total well cost. • Only Royalties will be 3rd party royalties, Eagle Resources will not take a Royalty Interest • The investment is being offered to accredited investors only INVESTMENT SUMMARY 5
  • 6. NEW DRILLING OPPORTUNITY Eagle Resources has uncovered 2.5 MBBO in the Panther and Ocelot oil fields in the Williston Basin of North Dakota. In 1995, geophysical engineer Jim Oltmans II discovered the Lodgepole Formation in the Williston Basin of North Dakota. In that field, there were individual wells with production rates in excess of 2700 BOPD. For his efforts, he received an Outstanding Exploration Award from The Rocky Mountain Association of Geologists. RENEWED EXPLORATION INTEREST Today, the Lodgepole Formation is now thought to extend over a larger portion of the Williston Basin than previously thought. Using advanced 3D seismic analysis, Mr. Oltmans has uncovered 2.5 MBBO in the Panther and Ocelot oil fields. To capitalize on this discovery, Eagle Resources has retained Mr. Oltmans as a key advisor for this new drilling opportunity. 6
  • 7. GEOLOGICAL ANALYSIS The primary seismic attribute for detecting favorable drilling location is higher amplitude anomalies, shown here in green to yellow in the Lodgepole Reefs. OVERVIEW Both wells will be drilled within the Lodgepole Reefs geologic area in the Williston Basin, within the Ocelot and Panther oil fields. Fifteen (15) wells have been developed in and around the Ocelot and Panther oilfields - 13 producing wells and 2 injection wells. The 13 successful wells have produced 15.7 MMBO. To minimize geologic risk, Eagle Resources and partners used advanced 3D seismic analysis as well as data from surrounding wells. 7
  • 8. GEOLOGICAL ANALYSIS ADVANCED 3D SEISMIC ANALYSIS • 42 wells inside the 3D survey bounds of the Lodgepole Reefs were examined for four unique attributes common within successful wells. • When all four attributes are found, the well yields a success rate of 95% (40 out of 42 wells). • The proposed Panther and Ocelot prospect wells have all 4 attributes. This analysis was performed by James Oltmans II, a Geophysical Engineer who originally discovered the Lodgepole Formations for Duncan Oil in 1995. 8
  • 9. UWI/API OPERATOR Amplitude Isochron Bls time Reef pick OIL GAS WATER 33089001600000 TEXACO INCORPORATED No No No No 33089001940000 APEXCO INCORPORATED Yes No No Yes 33089002320000 SHELL OIL CO No No No No 33089002640000 WESCO OPERATING INC No No No No 330,457 145,914 8,241,349 33089002770000 WESCO OPERATING INC No No No No 560,549 252,114 8,135,180 33089002850000 WESCO OPERATING INC No No No No 106,131 51,306 1,398,241 33089003510000 CENERGY EXPL CO No No No No 33089003740000 MOBIL OIL CORP No No No No 33089004160000 COLUMBIA GAS DEV CRP No No No No 33089004260000 ARMSTRONG OPRTG INC Yes Yes Yes Yes 634,475 340,162 2,925,453 33089004280000 WHITE ROCK O & G LLC Yes Yes Yes Yes 39,860 19,931 82,930 33089004340000 ARMSTRONG OPRTG INC Yes Yes Yes Yes 5,818 2,392 4,609 33089004360000 WHITE ROCK O & G LLC Yes Yes Yes Yes 1,239,614 506,631 2,913,871 33089004370000 SCOUT ENERGY MGMTLLC Yes Yes Yes Yes 1,307,751 626,268 2,711,465 33089004400000 SCOUT ENERGY MGMTLLC Yes Yes Yes Yes 4,840,904 2,645,659 4,764,257 33089004410000 MERIDIAN OIL INC No No No No 33089004410100 MERIDIAN OIL INC No No No No 33089004420000 ARMSTRONG-JORDAN Yes Yes Yes Yes 33089004470000 WESTPORT O&G CO LP Yes No Yes No 33089004530000 DUNCAN RAYMOND T Yes No Yes Yes 33089004580000 DUNCAN RAYMOND T No No Yes No 33089004660000 WHITE ROCK O & G LLC Yes Yes Yes Yes 376,866 136,459 2,961,544 33089004670000 SCOUT ENERGY MGMTLLC Yes Yes Yes Yes 2,540,665 1,357,870 4,665,711 33089004680000 ARMSTRONG OPRTG INC No No No No 33089004710000 TRANSTEXAS GAS CORP Yes No No No 33089004740000 WESCO OPERATING INC Yes Yes Yes Yes 289,986 132,557 251,464 33089004790000 SCOUT ENERGY MGMTLLC Yes No Yes Yes 635,882 336,411 2,608,836 33089004880000 SCOUT ENERGY MGMTLLC Yes Yes Yes Yes 407,026 264,512 1,379,645 33089004900000 SCOUT ENERGY MGMTLLC Yes Yes Yes Yes 1,448,879 559,178 2,287,438 33089004910000 DENBURY ONSHORE LLC Yes No Yes No 132,214 33089005340000 DUNCAN OIL CO INC No No No No 33089005390000 DUNCAN OIL CO INC Yes Yes No No 33089005510000 WHITE ROCK O & G LLC Yes Yes Yes Yes 257,389 108,913 2,272,791 33089005540000 ARMSTRONG OPRTG INC No No No No 33089005750000 PETROSEARCH OPER CO Yes No No Yes 33089005830000 ARMSTRONG OPRTG INC Yes Yes Yes Yes 851,167 326,381 23,434 33089005840000 ARMSTRONG OPRTG INC Yes Yes Yes Yes 874,110 341,801 303 33089006170000 ARMSTRONG OPRTG INC No No No No 33089006520000 WESCO OPERATING INC Yes No Yes Yes 33089006890000 CHIMNEY SWEEP O & G No No No No 33089008600000 ARMSTRONG OPRTG INC No No No No 33089008990000 ARMSTRONG OPRTG INC No No No No YES YES YES YES YES YES YES YES Dry Hole Dry Hole Dry Hole PANTHER PROSPECT Dry Hole Dry Hole Dry Hole Dry Hole Dry Hole Dry Hole Dry Hole / Missed Target Dry Hole Dry Hole Dry Hole Dry Hole Dry Hole Dry Hole Dry Hole Dry Hole SEISMIC ATTRIBUTES Dry Hole Dry Hole Dry Hole Dry Hole Dry Hole RESULTS OCELOT PROSPECT PRODUCTIVE LODGEPOLE WELLS RESULTS NOT AS PROJECTED FOUR COMMON ATTRIBUTES When all four attributes are found, the well yields a success rate of 95% (40 out of 42 wells). The proposed Panther and Ocelot prospect wells have all 4 attributes. GEOLOGICAL ANALYSIS 9
  • 10. ECONOMIC ANALYSIS Two main variables affect an investment in oil/natural gas wells – commodity pricing and the amount recoverable reserves. As commodity pricing can be volatile in nature, the following economic analysis attempts to take this into account by examining three economic cases based upon varying commodity prices. EDV2019LP PROJECTED INTERNAL RATE OF RETURN (IRR) • Minimum: 107% • Average: 180% • Maximum: 269% As this prospect is still considered exploratory in nature, there is still a risk of an unsuccessful well, however given the geologic data examined, we can estimated the chance for a successful well at 95%. 100
  • 11. ECONOMIC ANALYSIS: Projected IRR MINIMUM MOST LIKELY MAXIMUM OIL PRICE $ 26 $ 52 $ 80 GAS PRICE $ 2.50 $ 3.50 $ 4.50 OCELOT WELL OIL BBLS 679.50 1,510.00 1,963.00 GAS MMCF 271.80 604.00 785.20 PANTHER WELL OIL BBLS 533.50 1,067.00 1,387.00 GAS MMCF 213.4 554.8 426.8 EDV 2019 LP IRR 107% 180% 269% 111
  • 14. ECONOMIC ANALYSIS: Tax Benefits EDV2019 Limited Partners will be investing in the Intangible Drilling Costs of both prospective wells. This qualifies members to take advantage of the Intangible Drilling Costs tax benefit under current U.S. tax code. INTANGIBLE DRILLING COSTS Under current tax code, this is 100% tax deduction for federal income tax purposes. To facilitate this benefit, Intangible Drilling Costs will account for 80% of total well expenditure, or $3,300,000. To maximize this tax incentives for limited partners, this investment will functionally allocate the tangible drilling costs to Eagle Resources Corporation - 20% of total well cost, or $825,000. Only Royalties will be 3rd party royalties, Eagle Resources will not take a Royalty Interest. 144
  • 15. JOINT VENTURE PARTNERSHIP ABOUT FREEDOM ENERGY RESOURCES Freedom Energy Resources is a company engaged in the exploration and development of oil and gas assets with a focus on conventional oil and gas. Freedom’s highly regarded, professional management team has collectively more than 100 years of experience and has worked together successfully for nearly 20 years. This team utilizes industry leading best practices to achieve superior results and possesses significant technical and operational experience. For EDV2019 LP Eagle Resources Corporation has joint ventured with Freedom Energy Operating LLC. Freedom Energy will own 55% of the wells and be the operator of the Partnership wells The Eagle Drilling Venture 2019 LP will own approximately 35% working interest and a 27.125% revenue interest in the Panther well the Ocelot wells. To learn more about Freedom Energy Resources LLC, visit www.freedomenergyres.com 155
  • 16. MANAGING GENERAL PARTNER Eagle Resources Corporation will serve as the managing General Partner for Eagle Drilling Venture 2019 LP. Incorporated in 1983, Eagle Resources is a non-operating Exploration & Production company providing qualified investors with access to highly-vetted & limited liability drilling opportunities. Eagle Resources is currently owned and operated by H. James Adams. Under Mr. Adams’ leadership, Eagle Resources has successfully drilled 198 wells in Pennsylvania and raised over $20,000,000 in partnership capital. Current opportunities include drilling ventures in multiple geological areas of the United States. Today, through best-in-class drilling analysis and strategic JV partnerships, Eagle Resources provides its partners with highly-vetted drilling ventures in the United States. 166
  • 17. H. JAMES ADAMS BACKGROUND H. James Adams is President and CEO of Eagle Resources Corporation, a position he has held since the company’s inception in 1992. During this time, he has been involved in 198 drilling ventures in Pennsylvania. Prior to Eagle Resources, Mr. Adams owned and was President of Adams Energy, Inc., which provided financial consulting services to independent oil & gas companies. Other notable positions include Treasurer and CFO of Angerman Associates, Inc. (1983 - 1990), an independent natural gas production company. Senior Analyst at Consolidated Natural Gas Corporation (1983 - 1990), where he was involved in the exploration, development, and marketing of natural gas. Mr. Adams began his professional career with Price Waterhouse & Co. Mr. Adams holds a BS in Accounting from Duquesne University, an MBA from the University of Pittsburgh, and is a Certified Public Accountant. H. James Adams, CEO Eagle Resources Corporation Phone: 724-720-9353 Email: hja@eaglerescorp.com 177
  • 18. REQUEST PRIVATE PLACEMENT MEMORANDUM This investment is reserved for accredited investors only. To request a private placement memorandum for Eagle Drilling Venture 2019 LP please contact us today. CONTACT EAGLE RESOURCES Office: 724-720-9353 Mobile: 724-612-7901 Email: hja@eaglerescorp.com Web: www.eaglerescorp.com EDV2019LP SUMMARY 188