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Title: an oil and gas exploration and development company with a diverse blend of high potential frontier e


1
an oil and gas exploration and development
company with a diverse blend of high potential
frontier exploration projects and solid
development opportunities
OTCBB EERG
see disclaimer on back page
2
Company Profile
  • Eternal Energy Corp. (OTCBBEERG) is a publicly
    traded, early stage oil and gas exploration and
    development company.
  • EERG owns seventy-five percent (75) of the SW
    extension of the West Ranch Field in Jackson
    County, Texas. The Glasscock reservoir that
    underlies EERG's interest is believed to be a
    hydrocarbon-bearing reservoir.
  • EERG controls access to a proprietary down-hole
    gas/water separation and re-injection process
    that has the potential to access significant
    stranded gas reserves in Canada.
  • EERG owns a five percent (5) overriding royalty
    interest in 299,232 acres leased to Ryland Oil
    Corporation (RYVTXv), an oil company with
    significant potential reserves in Western Canada.
    In addition, EERG owns a ten percent (10)
    working interest in 20,648 gross and 12,185 net
    acres in partnership with Ryland in the Northern
    US.
  • Eternal Energy Corp. owns 52,957 acres in a
    Mississippian-aged, fractured shale project in
    the Great Basin of Nevada.

see disclaimer on back page
3
Management
  • Brad Colby, President and CEO, Director
  • Mr. Colby has accumulated over 27 years of
    successful exploration and geological experience.
    His expertise has focused on the acquisition,
    development, and resale of drilling joint
    ventures. Mr. Colbys leadership and management
    of oil and gas enterprises have resulted in
    commercial reserve additions of more than 50
    million gross equivalent barrels.
  • John Anderson, Director
  • Mr. Anderson is a director of Wescorp Energy
    Inc., an energy services and engineering company
    committed to commercializing new technologies
    designed to increase existing production while
    also increasing economically recoverable
    petroleum reserves. Mr. Anderson is currently the
    founder and General Partner in Aquastone Capital
    Partners LLC, a U.S. private Gold and Special
    Situations fund out of New York. In addition he
    is the president of Axio Consulting Corp. which
    specializes in financial consulting with
    smallmidcap companies in the resource sector.
  • Paul Rumler, Director
  • Paul Rumler specializes in corporate, limited
    liability company and partnership matters,
    non-qualified employee benefit programs, and
    corporation, partnership and estate tax planning.
    He has structured franchise and license
    agreements, mergers, consolidations,
    reorganizations, liquidations and dissolutions.
    Mr. Rumler is a partner in the Rumler, Tarbox,
    Leyden, Law Corporation.

see disclaimer on back page
4
Management
  • Craig Phelps, VP Engineering
  • Mr. Phelps has over 27 years of experience in
    the oil and gas industry. He is an expert in
    assessing wellbore, reservoir performance and
    implementing technical approaches to maximize
    economic returns from the field. He worked on
    produced water management for reservoirs in the
    US, Venezuela, West Africa, the Gulf of Mexico,
    Canada and the North Sea.
  • Kirk Stingley, Chief Financial OfficerMr.
    Stingley brings 20 years of diverse financial and
    accounting leadership experience to EERG. Mr.
    Stingley began his career with Coopers Lybrand
    in Houston, Texas, where he provided auditing and
    consulting services to a number of private and
    publicly traded companies whose principle
    activities involved the exploration, development
    and operation of oil and gas properties. Mr.
    Stingley successfully earned his Certified Public
    Accounting distinction in 1990 and currently
    holds his CPA license in and Colorado.

see disclaimer on back page
5
West Ranch Field, Texas
  • EERG owns seventy-five percent (75) of the SW
    extension of the West Ranch Field in Jackson
    County, Texas. The Glasscock reservoir that
    underlies EERG's interest is known to be a
    hydrocarbon-bearing reservoir.
  • Ryder-Scott Co., a Houston-based petroleum
    engineering consulting firm, has analyzed the
    potential for waterflooding of the Glasscock
    reservoir underlying the Eternal acreage.
    Ryder-Scott attributes 900,000 bbls of proven
    undeveloped reserves in the Glasscock reservoir
    (675,000 bbls net to Eternal's 75 interest).
  • Computer modeling of the waterflood is nearly
    complete and a pilot waterflood in the reservoir
    is expected to begin in late second quarter 2008.
  • An additional 1 million BOE of hydrocarbon
    reserves are estimated to reside in nine other
    reservoirs in the property.

see disclaimer on back page
6
Down-hole Gas/Water Separation andRe-injection
System
  • EERG controls access to a proprietary and
    patented down-hole gas/water separation and
    re-injection process that has the potential to
    extract significant stranded gas reserves in
    Canada.
  • A substantial number of gas wells suspended or
    abandoned in the Canadian Western Sedimentary
    Basin may be amenable to the use of this
    technology.

see disclaimer on back page
7
Ryland Oil Royalties
  • Eternal Energy owns a five percent (5) gross
    overriding royalty interest on all production
    from each well drilled on the 299,232 Canadian
    acres owned by Ryland Oil Corporation.
  • In addition, Ryland has agreed to pay to Eternal
    a US 250,000 spud fee for each of the first
    eight wells drilled in the project. To date, six
    wells have been drilled.
  • EERG also maintains a ten percent (10) working
    interest in 20,648 gross and 12,185 net acres of
    Rylands Northern US properties.
  • Eternal Energy is a joint venture partner for the
    exploration and development of these prospects.

see disclaimer on back page
8
Great Basin, Nevada
  • After final analysis of geophysical and gravity
    data, EERG has elected to reduce its exposure to
    52,957 acres on its Nevada prospect.
  • EERG is now looking for an operator to joint
    venture its Mississippian-aged, fractured shale
    project in the Great Basin of Nevada, adjacent to
    the prolific Railroad Valley.
  • Detailed geological studies of the available data
    compare favorably with other recent US fractured
    shale projects.

see disclaimer on back page
9
  • OTCBBEERG
  • 2549 West Main Street
  • Suite 202
  • Littleton, Colorado 80120
  • Ph 303-798-5235
  • Fax 303-798-5767
  • Brad Colby, President CEO
  • ir_at_eternalenergy.com

See disclaimer on back page
10
  • THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
    1995 PROVIDES A SAFE HARBOR FOR FORWARD-LOOKING
    STATEMENTS.  CERTAIN MATERIALS PRESENTED CONTAIN
    STATEMENTS THAT ARE FORWARD-LOOKING, SUCH AS
    STATEMENTS RELATED TO THE FUTURE ANTICIPATED
    DIRECTION OF THE INDUSTRY, PLANS FOR FUTURE
    EXPANSION, VARIOUS BUSINESS DEVELOPMENT
    ACTIVITIES, PLANNED CAPITAL EXPENDITURES, FUTURE
    FUNDING SOURCES, ANTICIPATED SALES GROWTH,
    RESULTS OF TESTING AND DRILLING OPERATIONS,
    PRICES OF OIL AND GAS, AND POTENTIAL CONTRACTS.
    SUCH FORWARD-LOOKING INFORMATION INVOLVES
    IMPORTANT RISKS AND UNCERTAINTIES THAT COULD
    SIGNIFICANTLY AFFECT ANTICIPATED RESULTS IN THE
    FUTURE AND, ACCORDINGLY, SUCH RESULTS MAY DIFFER
    FROM THOSE EXPRESSED IN ANY FORWARD-LOOKING
    STATEMENTS MADE BY, OR ON BEHALF, OF ETERNAL
    ENERGY CORP. THESE RISKS AND UNCERTAINTIES
    INCLUDE, BUT ARE NOT LIMITED TO, THOSE RELATING
    TO DEVELOPMENT AND EXPANSION ACTIVITIES,
    DEPENDENCE ON EXISTING MANAGEMENT, FINANCING
    ACTIVITIES, AND DOMESTIC AND GLOBAL ECONOMIC
    CONDITIONS.
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