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
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2Company 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.
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3Management
- 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. -
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4Management
- 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.
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5West 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
6Down-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
7Ryland 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
8Great 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.