Exhibit 99.2 | |||
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Presentation Outline for | |||
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Slide 1 - Multi-Play, Multi-Pay In the Maverick Basin | |||
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Slide 2 - Corporate Information | |||
- Headquarters: The Exploration Company; 500 North Loop 1604 East, Suite 250; | |||
- Contact: | |||
- TXCO - NASDAQ Listed | |||
- Forward-Looking Information - Information presented herein which is not historical, including | |||
statements regarding TXCO's or management's intentions, hopes, beliefs, expectations, representations, projections, estimations, plans or predictions of the future, are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include those relating to estimated financial results, or expected prices, production volumes, reserve levels and number of drilling locations. It is important to note that actual results may differ materially from the results predicted in any such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the costs of exploring and developing new oil and natural gas reserves, the price for which such reserves can be sold, environmental concerns effecting the drilling of oil and natural gas wells, as well as general market conditions, competition and pricing. More information about potential factors that could affect the company's operating and financial results is included in TXCO's annual report on Form 10-K for the year ended Dec. 31, 2003, and its Form 10-Q for the quarter ended June 30, 2004. These reports and TXCO's previously filed documents are on file at the Securities and Exchange Commission and can be viewed on TXCO's website at www.txco.com, copies of which are available from the Company without charge. | |||
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Slide 3 - Why Own TXCO? | |||
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Slide 4 - TXCO Profile: Focused Growth |
- Highly focused on the Maverick Basin |
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Slide 5 - TXCO's Longstanding Strategy |
Increase Shareholder Value Through: |
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Slide 6 - TXCO Capitalization |
- $149 million enterprise value at September 2004* |
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Slide 7 - TXCO's Maverick Basin Focus Area |
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Slide 8 - Maverick Basin: Prospect Rich |
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Slide 9 - Reserve Growth and Replacement Rates Outperform Smallcap Universe * See appendix |
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Slide 10 - TXCO's Pipeline/Marketing Synergy |
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Slide 11 - Updated CAPEX Guidance: Multi-Play, Multi-Pay |
Slide contains two charts: 1) a pie chart showing budget dollars and number of wells for three focus areas; and 2) a bar chart titled 5-Year CAPEX/Drilling Mix. |
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Slide 12 - Multiple Plays -- Balanced Risk Profiles |
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Slide 13 - TXCO Outperforms Smallcap Universe |
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Slide 14 - TXCO's Production Keeps Rising |
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Slide 15 - Strong Cash Flows, Conservative Debt |
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Slide 16 - TXCO Operational Snapshot |
- Leasehold: 646,000 Gross Acres |
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Slide 17 - Maverick Basin Acreage Growth |
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Slide 18 - Georgetown Fault Play: Repeatable Success |
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Slide 19 - Georgetown Fault Play: Repeatable Success |
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Slide 20 - Georgetown Fault Play: Repeatable Success |
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Slide 21 - Glen Rose: 3 Plays in One |
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Slide 22 - Glen Rose: 2004 Drilling Update - 1 Reef gas well |
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Slide 23 - Why Own TXCO? |
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Slide 28 - Multi-Play, Multi-Pay In the Maverick Basin |
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Slide 25 - Appendix |