Re: JE/Reliance Energy PowerPoint Presentation and 3ROC Teaser

Jeffrey,

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 will 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 assetf3Rock). So in total we will have 100k of acreage w 5O00boe of production and midstream operations.

There is also an option to increase the acreage to 137k by Fall.

Total deal metrics are $1.7-1.98. With the Riverstone deal alone around $1.3-1.5B.

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 !PO 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 3ROC on the site below let me know if you have any problems or if you need anything else.

Go to:
ftp.beryloil.com

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, Lesley

Ok super on all. Thank you. I will pass along to Jeffrey.

Sent from my iPhonc

Thanks Lesley... 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

• Name: David L. Neuhauser
• Title: Managing Director
• Company: Livermore Partners
• Location: Northbrook, Illinois 60062, USA
• Website: www.livermorepartners.com

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Hi David! I will let Jeffrey know. Thanks so much and hope all well. Lesley

Sent from my iPhonc

Lesley,

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 BlackBerry 10 smartphone on the Verizon Wireless 4G LTE network.

Lesley, and feedback re this week.. I'll be around this evening thru Fri. Best number is

I'm also on Bloomberg tomorrow at 2pm est.

Best,

David