INDUSTRY: Oil & Gas

SECTOR: Exploration & Production

Amazing Energy Oil and Gas www.amazingenergy.com

CORPORATE SNAPSHOT

• Core oil and gas assets in the Permian Basin and Gulf Coast Region

• Diverse strategic relationships for sourcing deals, new projects and additional drilling programs

• Drilling Queen, Seven Rivers, Greyburg vertical wells, horizontal San Andres wells, rework Wolfcamp, Devonian, Conglomerate, and Lower Tuscaloosa through strategic & self-funded programs in 2019 & 2020

• Amazing’s assets have multiple stacked pay zones that hold deep vertical and horizontal potential

OVERVIEW: Denver Mint Project

(Walthall County, MS)

Amazing Energy Oil and Gas, Co. (OTCQB: AMAZ) Amazing Energy Oil and Gas, Co. is an independent oil and gas exploration and production company headquartered in Plano, Texas. The Company’s primary leasehold is in the Permian Basin of West Texas. The Company controls over 75,000 acres between their rights in Pecos County, Texas and assets in Lea County, New Mexico, and Walthall County, Mississippi. The Company primarily engages in the exploration, development, production and acquisition of oil and natural gas properties. Amazing Energy’s operations are currently focused in the Permian Basin and Gulf Coast regions.

OVERVIEW: West Sawyer Project (Lea County, NM)

SELECT FINANCIALS

OTCQB: AMAZ

As of December, 2019

Shares Outstanding 96,076,232

Warrants 9,100,158

Options

Float

31,585,000

20.4%

Stock Price $0.15

Market Cap

Enterprise Value

~$14.67 M

~$20 M

• Primary Location in Western Permian Basin in

Lea County, NM • Three units-reduces operational costs • 4 horizontal wells, 2 vertical wells+ SWD

systems • Devon Energy (NYSE: DEN) and EOG Resources,

Inc. (NYSE: EOG) are WI Partners • Adjacent Field – Sawyer Field has produced

over 5.4 MMBO from vertical San Andres production alone

• Approx. 93 potential 1-mile, horizontal drilling locations & EURs 250 MBO/well

• Moyes & Co. estimates – NPV-10: 1P $9,561M; 2P $28,345M; 3P $25,045M; Total: $62,951M

• Primary Location Gulf Coast Region, Walthall County, MS

• Lower Tuscaloosa Fields in area has produced over 136 MMBO dating back to 1958

• Dinan Field (Denver Mint) discovered in 1970 has produced 5.9 MMBO from the Lower Tuscaloosa

• Existing wellbores, field infrastructure, and saltwater disposal Well reduces cost/time

• Plans and funding to restore & enhance production to > 300 BOPD

• Expand production into shallow regional pay zones to achieve recoverable reserves estimated at 2.7 MMBO

OVERVIEW OF PECOS COUNTY• Primary Location Central Basin Platform between the Midland and Delaware Basins • History suggests vertical and horizontal potential from stacked pay zones • Over 1,800 oil and gas producing leases • Approximately 200 licensed operators • Over 20,600 drilled wells • Adjacent Fields • Yates Field - Over 1.6 billion barrels of oil produced • Walker Field - Over 10 million barrels of oil produced • Taylor Link Field - Over 17 million barrels of oil produced. • Amazing’s Position Accounts for rights within 70,000 acres (approx. 100 sq. miles)

GROWTH STRATEGY • Pecos County acreage represents the main revenue driver for Amazing Energy. • Management has implemented a monthly capital budget to drill additional wells as production and pricing justify. • Through its wholly owned oilfield services subsidiary Jilpetco, the Company owns and operates their own rig and can drill a well in a target pay zone within 10 days, increasing the production and reserves for the Company more efficiently. • Amazing has initiated discussions with major operators to discuss the potential growth through JV/ Farm Out in current acreage as well as within potentially acquired acreage. • These JVs/Farm Outs could drive shareholder value without stock dilution.

DISCLAIMER. This information is published solely for informational purposes and is not to be construed as a solicitation or a n offer to buy any security or related financial instrument. The summary may include “forward-looking statements” with the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are intended to be covered by the safe harbor provisions for forward looking statements. This information is supplied from sources we believe to be reliable, but we cannot guarantee accuracy. This document has been furnished to you solely for your information. The information contained herein may not be reproduced, disclosed or redistributed, in whole or in part, by mail, facsimile, electronic or computer transmission or by any other means to any other person, except with prior written consent of the Company. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.