CONSULTING SERVICES

Jim Tague is the Principal and founder of JRT Consulting. Prior to starting his practice and moving to Houston in 2016, he served as CFO of Gazelle Transportation – a midstream crude logistics and �uid management company. Mr. Tague’s upstream experience includes serving as Senior Vice President of Corporate Planning and Development for E&B Natural Resources, Manager of Corporate Planning for Murphy Oil, Senior Analyst for Chevron’s Chief Economist, and as a Petroleum Engineer. In these roles, Mr. Tague gained signi�cant and diverse experience in all aspects of the oil and gas industry including Business Development, M&A, Reserves Accounting, Capital Budgeting and Performance Analysis. Mr. Tague is the author of seven published SPE papers and several technical journal articles. In addition to his industry experience, Mr. Tague served in the U.S. Navy as a carrier based E-2C Hawkeye Naval Flight O�cer. Mr. Tague is actively involved in numerous veteran and community groups including TAPS – The Tragedy Assistance Program for Survivors and the Red White and Blue Community Support Fund – a non-pro�t he founded dedicated to supporting the families of our active duty military. Mr. Tague has a B.S. in Materials Science & Engineering (with Honors) from the University of Florida, a M.S. in Petroleum Engineering from the University of Texas, and an MBA from the University of Phoenix.

Principal Consultant – James Tague

For larger projects, JRT Consulting relies upon a team of highly experienced experts and �rms in a wide variety of disciplines on an as needed basis. These services,

capabilities and �rms include:

Legal Advice, Due Diligence, Contracts – The Strong law Firm

Environmental Assessments and Audits - Energy Projects LLC

Marketing, Design, and Advertising – Enigma LLC

Certi�ed and Audited Reserves – Scott Marshall, PE

Land and Title – Richardson and Associates

Partners

Visit us online at www.jrtcenergy.com or call us at (661) 448-5627 for more information.

www.jrtcenergy.comJRT Consulting, 114 Spring Lake Dr, Montgomery, TX 77356

CONSULTING SERVICES

“Providing Full Spectrum Energy AdvisoryServices to the Oil, Gas, and Financial Industries”

Financial and Operational Performance Analysis – JRTC Consulting can quickly evaluate and analyze the performance of your asset base – from an individual �eld to an entire portfolio. JRTC’s comprehensive assessments include �nancial and operational performance reviews, onsite �eld audits, capital e�ciency analysis, reserves veri�cation (actual versus projected), cost benchmarking, organizational analysis, SWOT analysis (strengths, weaknesses, opportunities and threats), o�set operations analysis, and a wide variety of additional analytics. JRTC provides clear concise and comprehensive analysis that allows management to optimize performance and to maximize value and pro�tability.

Acquisition Valuation and Analysis – JRT Consulting provides management teams with independent analysis of potential acquisitions. JRTC goes far beyond the traditional reserve and engineering based evaluations by taking a much more qualitative approach to the acquisition as a whole. In addition to verifying dataroom information and reserves, JRTC will prepare a new combined go-forward pro-forma statement, conduct �nancial leverage analysis, identify organizational gaps, help prepare integration plans, and conduct an overall risk assessment based on all these inputs. JRTC can also assist with onsite �eld inspections and due diligence once a purchase and sales agreement is signed.

Turnaround and Restructuring – JRT Consulting helps management and �nancial �rms accurately assess, forecast, and implement �nancial actions that can reassure all parties-in-interest that proactive steps are being taken to enhance value. With expertise in both the �nancial and operational aspects of oil and gas, JRTC can quickly evaluate and identify performance issues and prepare up to date pro-forma’s and liquidity forecasts that tie with current reserve and LOS statements. Using this information, JRTC works with management and/or �nancial �rms to identify action steps that can alleviate �nancial stress. JRTC can also work with management to obtain additional �nancing, negotiate loan covenant waivers and help analyze additional means of raising capital.

Primary Services O�erings

Strategic and Operational Business Planning - A well thought and organized strategic and/or operational business plan can provide tremendous value by aligning priorities and goals throughout an organization. JRTC works with management teams to clarify your vision and mission, assess external and internal environments, establish priorities and develop strategies that link corporate priorities to day-to-day operations through a series of key action items and metrics. JRTC can also draft, organize, and publish your plan document in a clear, concise and easily understood format that is relevant to all stakeholders in the company – from �eld personnel to lenders and investors.

Financial Modeling and Forecasting - Many smaller oil and gas companies simply do not have the time to create and build integrated operational and �nancial models that accurately track and forecast �eld and corporate performance. However a well-designed and easy to use corporate model allows management to easily identify performance trends, prepare budgets and model “what-ifs”. Whether you desire a simple model that you can maintain, or one that JRTC maintains and updates regularly on a retained basis, JRTC can build the appropriate model and back-load it with data so you can focus on what is important – using the data to help with actual day to day operations.

Investor and Banking Relations – JRT Consulting can work with you to create clear and concise presentations and other forms of communication that highlight management’s key messages with the expectations of the intended audience. Whether you are seeking to update a website company presentation, or preparing for a borrowing base review or road show to attract investor attention, JRTC Consulting can help you create a message that builds to your technical and �nancial strengths while addressing any questions the potential audience may have. From website design, to shareholder reports, IR presentations, and corporate factsheets, JRTC and its partner Enigma Design can draft and design any form of communications you may need to get your message to the intended audience.

Additional Services O�erings

JRT Consulting is an oil and gas consulting �rm specializing in the analysis of oil and gas assets, portfolios and companies. By combining �nancial expertise with signi�cant operational experience and knowledge, JRT Consulting provides clients with a unique blend of business advisory services that allow management to optimize performance and enhance pro�tability – from a single asset to an entire corporate portfolio.

JRT Consulting’s core principle is to approach each and every assignment from a combined operational and �nancial viewpoint. This ensures all �nancial analysis is based upon realistic engineering and operational assumptions and that all engineering and operational analysis is validated by actual �nancial performance data. This approach provides unique insight - both quantitative and qualitative into corporate and asset performance, potential acquisitions, corporate planning, �nancial forecasting and other critical functions.

Whether it is a time critical “one-of” type project, or on a retained basis, let JRT Consulting provide your company with a wide range of operational, �nancial, and performance analytics that can help you meet your objectives and maximize performance and pro�tability.

Speci�cally, JRT Consulting works with executive management teams seeking insight, analysis and assistance with:

❖ Financial and Operational Performance Analysis❖ Turnaround and Restructuring Plans❖ Acquisition Valuation and Analysis

❖ Strategic and Operational Business Planning ❖ Financial Modeling and Forecasting ❖ Corporate Communications and Investor Relations

CONSULTING SERVICES

Financial and Operational Performance Analysis – JRTC Consulting can quickly evaluate and analyze the performance of your asset base – from an individual �eld to an entire portfolio. JRTC’s comprehensive assessments include �nancial and operational performance reviews, onsite �eld audits, capital e�ciency analysis, reserves veri�cation (actual versus projected), cost benchmarking, organizational analysis, SWOT analysis (strengths, weaknesses, opportunities and threats), o�set operations analysis, and a wide variety of additional analytics. JRTC provides clear concise and comprehensive analysis that allows management to optimize performance and to maximize value and pro�tability.

Acquisition Valuation and Analysis – JRT Consulting provides management teams with independent analysis of potential acquisitions. JRTC goes far beyond the traditional reserve and engineering based evaluations by taking a much more qualitative approach to the acquisition as a whole. In addition to verifying dataroom information and reserves, JRTC will prepare a new combined go-forward pro-forma statement, conduct �nancial leverage analysis, identify organizational gaps, help prepare integration plans, and conduct an overall risk assessment based on all these inputs. JRTC can also assist with onsite �eld inspections and due diligence once a purchase and sales agreement is signed.

Turnaround and Restructuring – JRT Consulting helps management and �nancial �rms accurately assess, forecast, and implement �nancial actions that can reassure all parties-in-interest that proactive steps are being taken to enhance value. With expertise in both the �nancial and operational aspects of oil and gas, JRTC can quickly evaluate and identify performance issues and prepare up to date pro-forma’s and liquidity forecasts that tie with current reserve and LOS statements. Using this information, JRTC works with management and/or �nancial �rms to identify action steps that can alleviate �nancial stress. JRTC can also work with management to obtain additional �nancing, negotiate loan covenant waivers and help analyze additional means of raising capital.

Primary Services O�erings

Strategic and Operational Business Planning - A well thought and organized strategic and/or operational business plan can provide tremendous value by aligning priorities and goals throughout an organization. JRTC works with management teams to clarify your vision and mission, assess external and internal environments, establish priorities and develop strategies that link corporate priorities to day-to-day operations through a series of key action items and metrics. JRTC can also draft, organize, and publish your plan document in a clear, concise and easily understood format that is relevant to all stakeholders in the company – from �eld personnel to lenders and investors.

Financial Modeling and Forecasting - Many smaller oil and gas companies simply do not have the time to create and build integrated operational and �nancial models that accurately track and forecast �eld and corporate performance. However a well-designed and easy to use corporate model allows management to easily identify performance trends, prepare budgets and model “what-ifs”. Whether you desire a simple model that you can maintain, or one that JRTC maintains and updates regularly on a retained basis, JRTC can build the appropriate model and back-load it with data so you can focus on what is important – using the data to help with actual day to day operations.

Investor and Banking Relations – JRT Consulting can work with you to create clear and concise presentations and other forms of communication that highlight management’s key messages with the expectations of the intended audience. Whether you are seeking to update a website company presentation, or preparing for a borrowing base review or road show to attract investor attention, JRTC Consulting can help you create a message that builds to your technical and �nancial strengths while addressing any questions the potential audience may have. From website design, to shareholder reports, IR presentations, and corporate factsheets, JRTC and its partner Enigma Design can draft and design any form of communications you may need to get your message to the intended audience.

Additional Services O�erings

JRT Consulting is an oil and gas consulting �rm specializing in the analysis of oil and gas assets, portfolios and companies. By combining �nancial expertise with signi�cant operational experience and knowledge, JRT Consulting provides clients with a unique blend of business advisory services that allow management to optimize performance and enhance pro�tability – from a single asset to an entire corporate portfolio.

JRT Consulting’s core principle is to approach each and every assignment from a combined operational and �nancial viewpoint. This ensures all �nancial analysis is based upon realistic engineering and operational assumptions and that all engineering and operational analysis is validated by actual �nancial performance data. This approach provides unique insight - both quantitative and qualitative into corporate and asset performance, potential acquisitions, corporate planning, �nancial forecasting and other critical functions.

Whether it is a time critical “one-of” type project, or on a retained basis, let JRT Consulting provide your company with a wide range of operational, �nancial, and performance analytics that can help you meet your objectives and maximize performance and pro�tability.

Speci�cally, JRT Consulting works with executive management teams seeking insight, analysis and assistance with:

❖ Financial and Operational Performance Analysis❖ Turnaround and Restructuring Plans❖ Acquisition Valuation and Analysis

❖ Strategic and Operational Business Planning ❖ Financial Modeling and Forecasting ❖ Corporate Communications and Investor Relations

CONSULTING SERVICES

CONSULTING SERVICES

Jim Tague is the Principal and founder of JRT Consulting. Prior to starting his practice and moving to Houston in 2016, he served as CFO of Gazelle Transportation – a midstream crude logistics and �uid management company. Mr. Tague’s upstream experience includes serving as Senior Vice President of Corporate Planning and Development for E&B Natural Resources, Manager of Corporate Planning for Murphy Oil, Senior Analyst for Chevron’s Chief Economist, and as a Petroleum Engineer. In these roles, Mr. Tague gained signi�cant and diverse experience in all aspects of the oil and gas industry including Business Development, M&A, Reserves Accounting, Capital Budgeting and Performance Analysis. Mr. Tague is the author of seven published SPE papers and several technical journal articles. In addition to his industry experience, Mr. Tague served in the U.S. Navy as a carrier based E-2C Hawkeye Naval Flight O�cer. Mr. Tague is actively involved in numerous veteran and community groups including TAPS – The Tragedy Assistance Program for Survivors and the Red White and Blue Community Support Fund – a non-pro�t he founded dedicated to supporting the families of our active duty military. Mr. Tague has a B.S. in Materials Science & Engineering (with Honors) from the University of Florida, a M.S. in Petroleum Engineering from the University of Texas, and an MBA from the University of Phoenix.

Principal Consultant – James Tague

For larger projects, JRT Consulting relies upon a team of highly experienced experts and �rms in a wide variety of disciplines on an as needed basis. These services,

capabilities and �rms include:

Legal Advice, Due Diligence, Contracts – The Strong law Firm

Environmental Assessments and Audits - Energy Projects LLC

Marketing, Design, and Advertising – Enigma LLC

Certi�ed and Audited Reserves – Scott Marshall, PE

Land and Title – Richardson and Associates

Partners

Visit us online at www.jrtcenergy.com or call us at (661) 448-5627 for more information.

www.jrtcenergy.comJRT Consulting, 114 Spring Lake Dr, Montgomery, TX 77356

CONSULTING SERVICES

“Providing Full Spectrum Energy AdvisoryServices to the Oil, Gas, and Financial Industries”