EFTA02216982.pdf

To: From: Sent Fri 7/7/2017 11:42:32 PM Subject Re: JE/Reliance Energy PowerPoint Presentation and 3ROC Teaser Hi David! I will let Jeffrey know. Thanks so much and hope all well. Sent from my iPhone On Jul 7, 2017, at 7:22 PM ote: I'm coming to NYC next week. The evening of the lth thru the 13. I'm staying at The Mark. If Jeffrey is around would be good to get together. A call works then too. All best, D Sent from my ElarkRerry n smartphone on the Verizon Wireless 4G LTE network. From: Sent: 2017 8:53 AM To: Subject: Re: JE/Reliance Energy PowerPoint Presentation and 3ROC Teaser Ok super on all. Thank you. I will pass along to Jeffrey. Sent from my iPhone On Jun 23, 2017, at 9:09 AM, wrote: Thanks-.. I will let you know dates next week. Most likely the second or third week in July. And no, Josh has no knowledge of my contact with Jeffrey. I am strict with privacy of relationships. The only one aware is Belzberg. David David L. Neuhauser Managing Director MSS EFTA_R1_00946566 EFTA02216982 we si e: www. ivermorepa ners.com This Email is Confidential. It is intended solely for the use of the named recipient(s). If you have received it in error, do not copy it or disclose its contents. Please notify us immediately by reply email and then delete this message from your system. Original Message Subject: Re: JE/Reliance Energy PowerPoint Presentation and 3ROC Teaser From: Dat • • To: good morning David. Hope you are well. I let Jeffrey know you will be in NY after July 4...Jeffrey is wondering if you told Josh Fink that you were contacting him?...please let me know.. Thanks, On Jun 22, 2017, at 8:52 PM, wrote: I'll be back in NYC sometime in July after the Holiday. Wanted to see if Jeffrey will be there. Please tell him. I'll forward some further ops were involved in soon. Cheers, David From: Sent: n a n , : To: Subject: JE/Reliance Energy PowerPoint Presentation and 3ROC Teaser Jeffrev, EFTA_R1_00946567 EFTA02216983 I'm just back from NYC. Wanted to pass along a large Permian deal we're involved in. This will be a very near term opportunity. So thought it maybe of interest. See attached info. We are forming what wilt become the next Reliance Energy. Most of Reliance was sold to CXO late in 2016 for $1.68. We will use the company's remaining 40k acreage and add them to a newco with the addition of the Riverstone asset(3Rock). So in total we will have 100k of acreage w 5000boe of production and midstream operations. There is also an option to increase the acreage to 137k by Fall. Total deal metrics are $1.7-1.96. With the Riverstone deal alone around 51.3-1.5B. We plan to add cash and use men debt. So today only in need of appx $400-600mm of equity. The plan would be to have this as a private newco with a path towards an IPO within a year. We see a 3X opp here. Similar to Reliance's past deals. Josh Fink(Larry's son) and I are leading the new group re financing and strategy. Gary McKinney and his team will be running to show. Gary will be investing $100mm into the co. Please keep in confidence. Would be great to have you involved and continue to reflect what opportunities Livermore sources, structures, and invests in. Regards, David Sent from my iPad Should find the PowerPoint and the teaser from 3R0C on the site below Let me know if you have any problems or if you need anything else. Go to: ftp.beryloil.com EFTA_R1_00946568 EFTA02216984 <bottontletterhead> EFTA_R1_00946569 EFTA02216985