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Public Company focusing on Oil Production and
Exploration
OTCQB: BBLS
Rockdale Resources Corporation
5114 Balcones Woods Dr.
Ste. 307-511 Austin, TX 78759
Tel: (512)537-2257
Fax: (512)697-8466
Email: info@rockdaleresources.com
www.rockdaleresources.com
Important Cautions Regarding Forward-Looking Statements
This presentation includes statements concerning the Company's expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future
financial performance, or growth and other statements that are not historical facts. These statements are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. In some cases, readers and the audience can identify these forward-looking statements through the use of
words or phrases such as "estimate," "expect," "anticipate," "intend," "plan," "project," "believe," "forecast," "should," "could," and other similar expressions.
Forward-looking statements involve risks and uncertainties that may cause actual results or outcomes to differ materially from those included in the forward-
looking statements. The Company's expectations, beliefs, and projections are expressed in good faith and are believed by the Company to have a reasonable
basis, but there can be no assurance that management's expectations, beliefs, or projections will result or be achieved or accomplished. Factors that may cause
actual results to differ materially from those included in the forward-looking statements include, but are not limited to, factors affecting the Company’s ability to
successfully identify, drill for, and produce economically viable natural gas and oil reserves, including, among others, geology, lease availability, title disputes,
weather conditions, shortages, delays, or unavailability of equipment and services required in drilling operations, insufficient gathering, processing, and
transportation capacity, the need to obtain governmental approvals and permits, and compliance with environmental laws and regulations; changes in costs of
operations; loss of markets; volatility of oil and gas prices; imprecision of reserve and future production estimates; environmental risks; fluctuations in weather
patterns; competition; inability to access sufficient capital from internal and external sources; general economic conditions; litigation; changes in regulation and
legislation; economic disruptions or uninsured losses resulting from major accidents, fires, severe weather, natural disasters, terrorist activities, acts of war, cyber
attacks, or pest infestation; increasing costs of insurance, changes in coverage and the ability to obtain insurance; and other presently unknown or unforeseen
factors. Other risk factors are detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. Any forward-looking
statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update the information contained in any
forward-looking statements to reflect developments or circumstances occurring after the statement is made or to reflect the occurrence of unanticipated events.
Forward-looking statements include estimates of oil and gas quantities. Proved oil and gas reserves are those quantities of oil and gas which, by analysis of
geoscience and engineering data, can be estimated with reasonable certainty to be economically producible under existing economic conditions, operating
methods, and government regulations. Other estimates of oil and gas quantities, including estimates of probable reserves, possible reserves, and resource
potential, are by their nature more speculative than estimates of proved reserves. Accordingly, estimates other than proved reserves are subject to substantially
greater risk of being actually realized. Readers are urged to consider closely the disclosure in our Form 10-K available on the SEC's website at www.sec.gov.
Non-GAAP Financial Measures
In addition to financial measures calculated in accordance with generally accepted accounting principles (“GAAP”), this presentation contains certain non-GAAP
financial measures. The Company believes that such non-GAAP financial measures are useful because they provide an alternative method for assessing the
Company’s operating results in a manner that is focused on the performance of the Company’s ongoing operations, for measuring the Company’s cash flow and
liquidity, and for comparing the Company’s financial performance to other companies. The Company’s management uses these non-GAAP financial measures for
the same purpose, and for planning and forecasting purposes. The presentation of non-GAAP financial measures is not meant to be a substitute for financial
measures prepared in accordance with GAAP.
This is not an offering of securities. Any such offer must be accompanied by an Offering document.
Publicly Traded On OTC Markets OTCQB: BBLS
Company Overview
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Independent oil and gas operator publicly traded on OTC markets
(OTCQB: BBLS)
Operating in Minerva-Rockdale Field in Rockdale, Texas, which has produced
over 7 million barrels of oil from 1500+ wells since 1921 and is estimated to
contain 20 million barrels remaining
Current oil production from 623 acre lease with 11 producing oil wells and
estimated 20 - 30 new drilling locations on the same acreage
Domestic oil production and exploration company founded in 2011 and
headquartered in Austin, Texas
Publicly Traded On OTC Markets OTCQB: BBLS
Company Highlights
Publicly Traded On OTC Markets OTCQB: BBLS
Cash flow* positive from operations with current average production of
approximately 50 barrels of oil per day
100% success rate of producing oil from initial 7 wells drilled (since new mgmt.
appointed on Feb. 2013) and 4 more wells on same property ready to be drilled
Company has become its own operator and has reduced the drilling cost per well
by $155,000 and operating cost by $5,000 per month in the last 12 months
Company seeking to acquire existing oil production assets and additional acreage
with low development cost
Utilizing state of the art technology to maximize production and to identify areas
with the greatest potential
Ability to drill and bring wells online for approximately $120,000 including
overhead, infrastructure and well stimulation costs
* Excluding noncash charges
Publicly Traded On OTC Markets OTCQB: BBLS
Our Leased Acreage
Lease Highlights
Lease Highlights
• Minerva-Rockdale Field – 50 miles NE of Austin, Texas
• Represents core area for the company’s current
operations
• Oil consists of Texas Intermediate crude with
approximate API gravity of 38
• Many experts believe that oil recovered from this field
in the next decade will surpass amounts that has been
produced previously
Property Highlights
• 623 Acres – Held by Production
• 83% Working Interest
• 1,800 feet – Average Well Depth
Operational Advantages and Improvements
Independent Oil & Gas Operator
• Operate our own wells at cost
without hiring middle men
• Ability to drill and fracture new
wells for approximately $120K
• 100% oil with high quality
and high gravity that sells at
premium to WTI
• Average daily rate: 50 bbl./day
• Production cost: under $15/bbl.
• 3D seismic – Increase probability
to drilling productive wells
Lean Operating Structure
• Reduced corporate overhead
dramatically since 2013
• Decreased Q1’14 G&A* vs.
Q1’13 G&A* by 60.6%
• Reduced drilling costs by 56.4%
since Q1’13
• Excellent Proximity and Access
to Major Refineries minimizing
transportation costs
Publicly Traded On OTC Markets OTCQB: BBLS
* Excluding stock-based compensation expenses
0
50
100
150
200
250
300
350
BBL
Weekly Oil Production
Original 5 wells drilled and
fraced by Kingman 3 wells drilled by Rockdale
Same 3 wells fraced by Rockdale
Wells 5-7 Drilled and fraced by
Rockdale
Well 4 Drilled and fraced by
Rockdale
6 well Drilled and fraced
by Kingman
Cold weather caused maintenance issues and
flux in production.
Oil Production Growth
Publicly Traded On OTC Markets OTCQB: BBLS
New management appointed
Trailing 12 Months Growth
Publicly Traded On OTC Markets OTCQB: BBLS
May 2013 May 2014 Improvement %
Productive Oil Wells 5 11 +120%
Production (avg. bbl/day) 4 50 +1150%
Drilling Cost Per Well $275,000 $120,000 -56.36%
Annualized Gross Cash Flow* $117,504 $1,468,900 +1150%
Market Cap (MM) $3.92 $7.45 +90.05%
*Estimated based upon oil price of $102/bbl and 80% working interest
Shareholder Value
Company's stock price
currently trading at 4.06X
gross cash flow*
Value of Company's proven and probable developed and
undeveloped oil reserves is $19.1 MM and expected to
increase annually with additional leases
Market Value for existing
wells’ based on current daily
production equals
approximately $7.97 MM
Current annualized gross
cash flow is estimated at
$1.47 MM*
Each producing well has an
estimated market value of
up to $100K per daily barrel
of oil produced
Producing wells are highly transferable and
can be bought or sold on open market
Publicly Traded On OTC Markets OTCQB: BBLS
*Based upon current oil production of 50 barrels per day with estimated oil price of $102 per barrel and 80% working interest
Value Drivers and Growth Potential
Long-Lived Producing Oil
Wells and Unlimited Market
for Product
High Drilling Success Rate and
Significant Value Created for
Successful Completion of Each
Well
Low Cost to Drill and Produce
Oil as an Independent Oil &
Gas Operator
Substantial Tax Advantages for
Corporation*
Drilling New Oil Wells: 4 More Wells
Ready to Drill and Estimated 20-30
New Drilling Locations on Current
Lease Acreage
Publicly Traded On OTC Markets OTCQB: BBLS
Acquire New Leases and Existing
Producing Oil & Gas Assets Within
and Outside of Texas
* Since Company is drilling new wells and not purchasing existing wells we receive the tax advantage of the Intangible Drilling Cost to offset our future Federal taxes
allowing us to retain more capital for growth and additional drilling.
• 2015 target forecast
production of 200 barrels per
day ($490K revenue* per
month at $102/barrel)
• Acquire small production
company (private or public) to
increase our production and
acreage
Future Milestones and Financing Road Map
• Expand operations
beyond Texas by
acquiring (using cash
from existing operations
and stock) additional
production assets,
acreage or companies
nationally
Publicly Traded On OTC Markets OTCQB: BBLS
• 2014 target forecast production
of 100 barrels per day
• Acquire existing oil production
assets
• Lease additional acreage with
low finding and development
costs
• Conduct financing at higher
market capitalization for
acquisition of additional assets
* Based upon 80% working interest
Public Comparables
Publicly Traded On OTC Markets OTCQB: BBLS
Company Ticker Market Cap (Million)* Industry Location
1 Synergy Resources Corporation SYRG $853.67 Oil & Gas Drilling & Exploration Platteville, CO
2 Osage Exploration and Development, Inc. OEDV $62.39 Oil & Gas Drilling & Exploration San Diego, CA
3 Goodrich Petroleum Corp. GDP $1120.00 Independent Oil & Gas Houston, TX
4 Gastar Exploration, Inc. GST $472.91 Independent Oil & Gas Houston, TX
5 Midstates Petroleum Company, Inc. MPO $369.09 Independent Oil & Gas Houston, TX
6 SandRidge Mississippian Trust I SDT $174..16 Independent Oil & Gas Austin, TX
7 Sandridge Mississippian Trust II SDR $379.89 Independent Oil & Gas Austin, TX
8 Approach Resources, Inc. AREX $735.41 Oil & Gas Drilling & Exploration Fort Worth, TX
9 Saratoga Resources Inc. SARA $36.68 Independent Oil & Gas Houston, TX
Average $503.76
Median $426.40
Rockdale Resources Corporation BBLS $7.45 Independent Oil & Gas Austin, TX
* As of date 06/06/14
$0.00 $100.00 $200.00 $300.00 $400.00 $500.00 $600.00
Median of Comps
Average of Comps
Rockdale Resources Corporation
$503.76
$426.40
$7.45
Market Capitalization (Million)*
Capitalization Summary
Publicly Traded On OTC Markets OTCQB: BBLS
Market Capitalization* $7.45 MM
Share Price* $0.38
Total Shares Outstanding* 19,594,752
Total Dollar
Amount
Total
Units
Exercise/
Conversion
Price
Terms
Warrants 3,501,716 $0.75-$0.80 Expiration: 2019-2023
Convertible Notes** $550,000 1,833,333 $0.30 Interest Only
Interest Rate: 6%
Maturity: 2016
* Data as of 06/06/14
** Company intends to repay convertible notes or negotiate their conversion to equity. Please see the Company’s Form 8-K filed with the SEC on January 3, 2014.
Management and Board
Publicly Traded On OTC Markets OTCQB: BBLS
Marc Spezialy
Chief Operating Officer
Chairman
David N. Baker,
Chief Executive Officer
Director
Matt Ferguson
Director
Charles Ng
Director
Marc Spezialy is the Chief Operating Officer and Chairman. Mr. Spezialy was the Chief Executive Officer and a Director
from January 31, 2013 to June 3 2014. Mr. Spezialy has also been our Chief Accounting and Financial Officer since April
2012. Between July 2011 and March 2012 Mr. Spezialy was a manager at PriceWaterhouseCoopers LLP in their Austin,
Texas office. Between December 2009 and July 2011 Mr. Spezialy was with the accounting firm of Maxwell Locke and
Ritter in Austin, Texas. Between July 2004 and December 2009 Mr. Spezialy was with PricewaterhouseCoopers LLP in
their San Francisco, California and Austin, Texas offices. Mr. Spezialy received a Bachelor of Science in Accounting and
Finance from the University of San Francisco and is a licensed CPA in Texas and California.
Matt Ferguson has been a Director since August, 2013. Mr. Ferguson is currently the President of Viceroy Petroleum
GP, LLC, the General Partner of Viceroy Petroleum, LP and a partner in Viceroy Petroleum, LP, in Rockdale, TX from 2006
to current. Prior to that , he was owner of Monarch Resources from 2002 to 2006, also in Rockdale, TX. Before starting
Monarch resources, Mr. Ferguson was a reservoir and production engineer for ExxonMobil, starting in New Orleans with
offshore shelf production and lastly in Houston, working on their Angola, West Africa development from 1999 to
2002. Mr. Ferguson has a Bachelor of Science in Petroleum Engineering from Texas A & M University in College Station,
TX. Mr. Ferguson is a native of Rockdale, TX and grew up working in his family’s oil business there.
Dusty Miller
Corporate Controller
Dusty Miller has been our corporate controller since March 2013. Prior to coming to Rockdale Resources, Mr. Miller
was an associate at PriceWaterhouseCoopers LLP in their Austin, Texas office. Mr. Miller holds a Bachelor of Science in
accounting from the University of Mary Hardin-Baylor and a Masters in Accounting from Baylor University. Mr. Miller is
a licensed CPA in Texas.
David N. Baker is the Chief Executive Officer and Director. Mr. Baker is also the Managing Member of Mercadyne
Investments LLC a Registered Investment Advisor with the Washington State Department of Financial Institutions and
the general partner of a unique, hybrid, private equity fund. Mr. Baker has extensive experience managing capital for
institutional and accredited investors and financing start-up companies. Mr. Baker has raised significant capital for both
private and public micro-capitalization companies. In addition, his career has included positions as the managing
principal of two previous hedge funds, other investment management capacities, technology and healthcare merchant
banking, proprietary trading and securities brokerage.
Reasons to Invest
Publicly Traded On OTC Markets OTCQB: BBLS
Rapidly growing business with increasing cash flow from 50 barrels per day of
production
Significant growth opportunity to acquire existing oil & gas production assets and
additional leases
Large remaining acreage to exploit: 4 wells ready to drill and estimated 20-30 new
drilling locations
Very lean operating structure
Underlying asset value of both current producing wells and proved reserves equal
to 226,600 barrels
Target forecast production for 2014 of 100 barrels per day

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Oil Production and Exploration Company Focusing on OTCQB-Listed Rockdale Resources

  • 1. Public Company focusing on Oil Production and Exploration OTCQB: BBLS Rockdale Resources Corporation 5114 Balcones Woods Dr. Ste. 307-511 Austin, TX 78759 Tel: (512)537-2257 Fax: (512)697-8466 Email: info@rockdaleresources.com www.rockdaleresources.com
  • 2. Important Cautions Regarding Forward-Looking Statements This presentation includes statements concerning the Company's expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performance, or growth and other statements that are not historical facts. These statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, readers and the audience can identify these forward-looking statements through the use of words or phrases such as "estimate," "expect," "anticipate," "intend," "plan," "project," "believe," "forecast," "should," "could," and other similar expressions. Forward-looking statements involve risks and uncertainties that may cause actual results or outcomes to differ materially from those included in the forward- looking statements. The Company's expectations, beliefs, and projections are expressed in good faith and are believed by the Company to have a reasonable basis, but there can be no assurance that management's expectations, beliefs, or projections will result or be achieved or accomplished. Factors that may cause actual results to differ materially from those included in the forward-looking statements include, but are not limited to, factors affecting the Company’s ability to successfully identify, drill for, and produce economically viable natural gas and oil reserves, including, among others, geology, lease availability, title disputes, weather conditions, shortages, delays, or unavailability of equipment and services required in drilling operations, insufficient gathering, processing, and transportation capacity, the need to obtain governmental approvals and permits, and compliance with environmental laws and regulations; changes in costs of operations; loss of markets; volatility of oil and gas prices; imprecision of reserve and future production estimates; environmental risks; fluctuations in weather patterns; competition; inability to access sufficient capital from internal and external sources; general economic conditions; litigation; changes in regulation and legislation; economic disruptions or uninsured losses resulting from major accidents, fires, severe weather, natural disasters, terrorist activities, acts of war, cyber attacks, or pest infestation; increasing costs of insurance, changes in coverage and the ability to obtain insurance; and other presently unknown or unforeseen factors. Other risk factors are detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update the information contained in any forward-looking statements to reflect developments or circumstances occurring after the statement is made or to reflect the occurrence of unanticipated events. Forward-looking statements include estimates of oil and gas quantities. Proved oil and gas reserves are those quantities of oil and gas which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible under existing economic conditions, operating methods, and government regulations. Other estimates of oil and gas quantities, including estimates of probable reserves, possible reserves, and resource potential, are by their nature more speculative than estimates of proved reserves. Accordingly, estimates other than proved reserves are subject to substantially greater risk of being actually realized. Readers are urged to consider closely the disclosure in our Form 10-K available on the SEC's website at www.sec.gov. Non-GAAP Financial Measures In addition to financial measures calculated in accordance with generally accepted accounting principles (“GAAP”), this presentation contains certain non-GAAP financial measures. The Company believes that such non-GAAP financial measures are useful because they provide an alternative method for assessing the Company’s operating results in a manner that is focused on the performance of the Company’s ongoing operations, for measuring the Company’s cash flow and liquidity, and for comparing the Company’s financial performance to other companies. The Company’s management uses these non-GAAP financial measures for the same purpose, and for planning and forecasting purposes. The presentation of non-GAAP financial measures is not meant to be a substitute for financial measures prepared in accordance with GAAP. This is not an offering of securities. Any such offer must be accompanied by an Offering document. Publicly Traded On OTC Markets OTCQB: BBLS
  • 3. Company Overview 单击此处添加段落文字内容 单击此处添加段落文字内容 单击此处添加段落文字内容 单击此处添加段落文字内容 Independent oil and gas operator publicly traded on OTC markets (OTCQB: BBLS) Operating in Minerva-Rockdale Field in Rockdale, Texas, which has produced over 7 million barrels of oil from 1500+ wells since 1921 and is estimated to contain 20 million barrels remaining Current oil production from 623 acre lease with 11 producing oil wells and estimated 20 - 30 new drilling locations on the same acreage Domestic oil production and exploration company founded in 2011 and headquartered in Austin, Texas Publicly Traded On OTC Markets OTCQB: BBLS
  • 4. Company Highlights Publicly Traded On OTC Markets OTCQB: BBLS Cash flow* positive from operations with current average production of approximately 50 barrels of oil per day 100% success rate of producing oil from initial 7 wells drilled (since new mgmt. appointed on Feb. 2013) and 4 more wells on same property ready to be drilled Company has become its own operator and has reduced the drilling cost per well by $155,000 and operating cost by $5,000 per month in the last 12 months Company seeking to acquire existing oil production assets and additional acreage with low development cost Utilizing state of the art technology to maximize production and to identify areas with the greatest potential Ability to drill and bring wells online for approximately $120,000 including overhead, infrastructure and well stimulation costs * Excluding noncash charges
  • 5. Publicly Traded On OTC Markets OTCQB: BBLS Our Leased Acreage Lease Highlights Lease Highlights • Minerva-Rockdale Field – 50 miles NE of Austin, Texas • Represents core area for the company’s current operations • Oil consists of Texas Intermediate crude with approximate API gravity of 38 • Many experts believe that oil recovered from this field in the next decade will surpass amounts that has been produced previously Property Highlights • 623 Acres – Held by Production • 83% Working Interest • 1,800 feet – Average Well Depth
  • 6. Operational Advantages and Improvements Independent Oil & Gas Operator • Operate our own wells at cost without hiring middle men • Ability to drill and fracture new wells for approximately $120K • 100% oil with high quality and high gravity that sells at premium to WTI • Average daily rate: 50 bbl./day • Production cost: under $15/bbl. • 3D seismic – Increase probability to drilling productive wells Lean Operating Structure • Reduced corporate overhead dramatically since 2013 • Decreased Q1’14 G&A* vs. Q1’13 G&A* by 60.6% • Reduced drilling costs by 56.4% since Q1’13 • Excellent Proximity and Access to Major Refineries minimizing transportation costs Publicly Traded On OTC Markets OTCQB: BBLS * Excluding stock-based compensation expenses
  • 7. 0 50 100 150 200 250 300 350 BBL Weekly Oil Production Original 5 wells drilled and fraced by Kingman 3 wells drilled by Rockdale Same 3 wells fraced by Rockdale Wells 5-7 Drilled and fraced by Rockdale Well 4 Drilled and fraced by Rockdale 6 well Drilled and fraced by Kingman Cold weather caused maintenance issues and flux in production. Oil Production Growth Publicly Traded On OTC Markets OTCQB: BBLS New management appointed
  • 8. Trailing 12 Months Growth Publicly Traded On OTC Markets OTCQB: BBLS May 2013 May 2014 Improvement % Productive Oil Wells 5 11 +120% Production (avg. bbl/day) 4 50 +1150% Drilling Cost Per Well $275,000 $120,000 -56.36% Annualized Gross Cash Flow* $117,504 $1,468,900 +1150% Market Cap (MM) $3.92 $7.45 +90.05% *Estimated based upon oil price of $102/bbl and 80% working interest
  • 9. Shareholder Value Company's stock price currently trading at 4.06X gross cash flow* Value of Company's proven and probable developed and undeveloped oil reserves is $19.1 MM and expected to increase annually with additional leases Market Value for existing wells’ based on current daily production equals approximately $7.97 MM Current annualized gross cash flow is estimated at $1.47 MM* Each producing well has an estimated market value of up to $100K per daily barrel of oil produced Producing wells are highly transferable and can be bought or sold on open market Publicly Traded On OTC Markets OTCQB: BBLS *Based upon current oil production of 50 barrels per day with estimated oil price of $102 per barrel and 80% working interest
  • 10. Value Drivers and Growth Potential Long-Lived Producing Oil Wells and Unlimited Market for Product High Drilling Success Rate and Significant Value Created for Successful Completion of Each Well Low Cost to Drill and Produce Oil as an Independent Oil & Gas Operator Substantial Tax Advantages for Corporation* Drilling New Oil Wells: 4 More Wells Ready to Drill and Estimated 20-30 New Drilling Locations on Current Lease Acreage Publicly Traded On OTC Markets OTCQB: BBLS Acquire New Leases and Existing Producing Oil & Gas Assets Within and Outside of Texas * Since Company is drilling new wells and not purchasing existing wells we receive the tax advantage of the Intangible Drilling Cost to offset our future Federal taxes allowing us to retain more capital for growth and additional drilling.
  • 11. • 2015 target forecast production of 200 barrels per day ($490K revenue* per month at $102/barrel) • Acquire small production company (private or public) to increase our production and acreage Future Milestones and Financing Road Map • Expand operations beyond Texas by acquiring (using cash from existing operations and stock) additional production assets, acreage or companies nationally Publicly Traded On OTC Markets OTCQB: BBLS • 2014 target forecast production of 100 barrels per day • Acquire existing oil production assets • Lease additional acreage with low finding and development costs • Conduct financing at higher market capitalization for acquisition of additional assets * Based upon 80% working interest
  • 12. Public Comparables Publicly Traded On OTC Markets OTCQB: BBLS Company Ticker Market Cap (Million)* Industry Location 1 Synergy Resources Corporation SYRG $853.67 Oil & Gas Drilling & Exploration Platteville, CO 2 Osage Exploration and Development, Inc. OEDV $62.39 Oil & Gas Drilling & Exploration San Diego, CA 3 Goodrich Petroleum Corp. GDP $1120.00 Independent Oil & Gas Houston, TX 4 Gastar Exploration, Inc. GST $472.91 Independent Oil & Gas Houston, TX 5 Midstates Petroleum Company, Inc. MPO $369.09 Independent Oil & Gas Houston, TX 6 SandRidge Mississippian Trust I SDT $174..16 Independent Oil & Gas Austin, TX 7 Sandridge Mississippian Trust II SDR $379.89 Independent Oil & Gas Austin, TX 8 Approach Resources, Inc. AREX $735.41 Oil & Gas Drilling & Exploration Fort Worth, TX 9 Saratoga Resources Inc. SARA $36.68 Independent Oil & Gas Houston, TX Average $503.76 Median $426.40 Rockdale Resources Corporation BBLS $7.45 Independent Oil & Gas Austin, TX * As of date 06/06/14 $0.00 $100.00 $200.00 $300.00 $400.00 $500.00 $600.00 Median of Comps Average of Comps Rockdale Resources Corporation $503.76 $426.40 $7.45 Market Capitalization (Million)*
  • 13. Capitalization Summary Publicly Traded On OTC Markets OTCQB: BBLS Market Capitalization* $7.45 MM Share Price* $0.38 Total Shares Outstanding* 19,594,752 Total Dollar Amount Total Units Exercise/ Conversion Price Terms Warrants 3,501,716 $0.75-$0.80 Expiration: 2019-2023 Convertible Notes** $550,000 1,833,333 $0.30 Interest Only Interest Rate: 6% Maturity: 2016 * Data as of 06/06/14 ** Company intends to repay convertible notes or negotiate their conversion to equity. Please see the Company’s Form 8-K filed with the SEC on January 3, 2014.
  • 14. Management and Board Publicly Traded On OTC Markets OTCQB: BBLS Marc Spezialy Chief Operating Officer Chairman David N. Baker, Chief Executive Officer Director Matt Ferguson Director Charles Ng Director Marc Spezialy is the Chief Operating Officer and Chairman. Mr. Spezialy was the Chief Executive Officer and a Director from January 31, 2013 to June 3 2014. Mr. Spezialy has also been our Chief Accounting and Financial Officer since April 2012. Between July 2011 and March 2012 Mr. Spezialy was a manager at PriceWaterhouseCoopers LLP in their Austin, Texas office. Between December 2009 and July 2011 Mr. Spezialy was with the accounting firm of Maxwell Locke and Ritter in Austin, Texas. Between July 2004 and December 2009 Mr. Spezialy was with PricewaterhouseCoopers LLP in their San Francisco, California and Austin, Texas offices. Mr. Spezialy received a Bachelor of Science in Accounting and Finance from the University of San Francisco and is a licensed CPA in Texas and California. Matt Ferguson has been a Director since August, 2013. Mr. Ferguson is currently the President of Viceroy Petroleum GP, LLC, the General Partner of Viceroy Petroleum, LP and a partner in Viceroy Petroleum, LP, in Rockdale, TX from 2006 to current. Prior to that , he was owner of Monarch Resources from 2002 to 2006, also in Rockdale, TX. Before starting Monarch resources, Mr. Ferguson was a reservoir and production engineer for ExxonMobil, starting in New Orleans with offshore shelf production and lastly in Houston, working on their Angola, West Africa development from 1999 to 2002. Mr. Ferguson has a Bachelor of Science in Petroleum Engineering from Texas A & M University in College Station, TX. Mr. Ferguson is a native of Rockdale, TX and grew up working in his family’s oil business there. Dusty Miller Corporate Controller Dusty Miller has been our corporate controller since March 2013. Prior to coming to Rockdale Resources, Mr. Miller was an associate at PriceWaterhouseCoopers LLP in their Austin, Texas office. Mr. Miller holds a Bachelor of Science in accounting from the University of Mary Hardin-Baylor and a Masters in Accounting from Baylor University. Mr. Miller is a licensed CPA in Texas. David N. Baker is the Chief Executive Officer and Director. Mr. Baker is also the Managing Member of Mercadyne Investments LLC a Registered Investment Advisor with the Washington State Department of Financial Institutions and the general partner of a unique, hybrid, private equity fund. Mr. Baker has extensive experience managing capital for institutional and accredited investors and financing start-up companies. Mr. Baker has raised significant capital for both private and public micro-capitalization companies. In addition, his career has included positions as the managing principal of two previous hedge funds, other investment management capacities, technology and healthcare merchant banking, proprietary trading and securities brokerage.
  • 15. Reasons to Invest Publicly Traded On OTC Markets OTCQB: BBLS Rapidly growing business with increasing cash flow from 50 barrels per day of production Significant growth opportunity to acquire existing oil & gas production assets and additional leases Large remaining acreage to exploit: 4 wells ready to drill and estimated 20-30 new drilling locations Very lean operating structure Underlying asset value of both current producing wells and proved reserves equal to 226,600 barrels Target forecast production for 2014 of 100 barrels per day

Editor's Notes

  1. Use Disclaimer from Xzeres.
  2. 4. Current oil production from 623 acre lease with 8 operating oil wells and up to 100 new drilling locations
  3. operating on a positive cash flow basis with current production of approximately 35 barrels per day 100% success rate of producing oil for all 8 wells drilled (since Marc Spezialy became CEO February 2013) 7 more wells on same property ready to be drilled Company has become its own operator and has reduced the cost per well by $275,000 and the operating cost by $5,000 per month Utilize state of art Ability to drill and bring wells online for approximately 120K including overhead, infrastructure and well stimulation costs Managed by a team of experienced professionals with a record of success in the oil and gas industry /delete
  4. Property highlights 5. Oil consists of Texas Intermediate crude with approximate API gravity of 40 Minerva-Rockdale Field -- 50 miles NE of Austin, TX field represents core area for the company’s current operations. Many experts believe that the oil recovered from this field in the next decade will surpass all that has been produced previously
  5. stretchy out the bullets from 275 to 120 56%
  6. Need to discuss with David (based upon estimated current oil production of 35 barrels per day)
  7. use different graph 2014 drill 7 more wells on existing acreage begin to acquire existing oil production assets lease additional acreage with low finding and well development costs hire field operations manager 2015 Acquire small production company (private or public) to increase our production and acreage Generate long-term cash flow by Drilling wells on our current lease position to achieve 100 barrels per day (roughly $200K revenue per month at $95 per barrel)
  8. Notes terms 550K due 2018 interests only rate = 6% check 10K
  9. Need a pic of Matt.
  10. Need to update the daily # barrels Emerging growth company producing positive cash flow Significant underlying asset value of both current producing wells and reserves Very Lean operating structure Large Remaining Acreage to Exploit:  7 wells ready to drill and 100 remaining drill targets Significant Growth Opportunity to Acquire existing oil production assets and additional leases