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Petrobridge
Investment Management, LLC
IPAA Private Capital Conference
April 19, 2004
New York, NY
Who is Petrobridge?
 Company was formed in April 2003
 Rob Lindermanis and Mike Keener - Principals
 Assembled a team of experienced E&P and financial
professionals
 Capital commitments of $200MM
 Capital provider with an emphasis on debt
 Since start-up, closed six financings with capital
commitments up to $86mm (three financings pending with
up to $70mm in commitments)
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Business Philosophy
 We are seeking to fund:
● Companies that acquire and develop oil and gas wells within
their geological/geographic or functional expertise
● Companies that can create additional value through
exploitation of acquired properties, re-completions, and
drilling of new development wells using state-of-the-art
technology
● Companies with strong management possessing technical
and operational backgrounds
● Prefer companies which act as operators of funded projects
● $5-100 million funding size
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Working With Your Company
Petrobridge seeks relationships with companies in need of
capital for the following:
 Acquisition of producing properties
 Development drilling of oil and gas properties
 Enhancement/exploitation of oil and gas properties
 Re-capitalization of the company in meeting its goals
 Monetization of existing assets
 Bridge financing
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Investment Decision Issues
 Debt Structures
 Commodity Prices
 Collateral Coverage
 Repayment Schedule
 Covenants
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Closed Deals
Northstar Gulfsands, LLC
Aspect Energy, LLC
$14,471,053
$25,000,000
Senior Secured Credit Facility
Co-Investment
Subordinated Revolving
Credit Facility
to fund the acquisition of 50% working
interest in offshore oil & gas field
to fund drilling program
February 2003
July 2003
Infinity Oil & Gas
of Wyoming, Inc.
$3,850,000
Bridge Loan
July 2003
Llano Royalty Corporation
Inflow Petroleum Resources, LP
RMG I, LLC
$40,000,000
$25,000,000
$25,000,000
Senior Secured Credit Facility
Senior Secured Credit Facility
Senior Secured Credit Facility
to fund Barnett Shale
drilling program
to fund the acquisition and development
of oil & gas assets
to fund the acquisition of
Powder River Basin assets
December 2003
December 2003
January 2004
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Information Required
Petrobridge will need the following information to initiate
detailed evaluations:
 Corporate Overview
 Reserve Report
 Use of Proceeds
 Field Summary
 Delivery Points
 Resumes on key personnel
 References
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Petrobridge Investment Management, LLC
1600 Smith Street
Suite 4250
Houston, Texas 77002
T: 713.490.3860 / F: 713.490.3867
Mike Keener
[email protected]
Rob Lindermanis
[email protected]
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