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Project Ozona Economic & Technical Review[8167]

Fénix Proposed Deal

Fénix Proposed Deal Structure Proposed Organizational Structure Fénix Petroleum Group, LLC 70% ownership interest in Fénix Oil & Gas GP, LLC Fénix Petroleum Partners, LLC 20% Carried WI Fénix Petroleum Operating, LLC FPP I SPV, LLC Asset holding company FPP I, LP Working interest ownership holding company Equity 80% WI Income & IDCs Limited Partners Targeting $50mm 32

The Fénix Petroleum Team Overview 33

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