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

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 asseti3Rock). 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 $1.7.1.98. With the Riverstone deal alone around $1.3.1.58.

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

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

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 thiswere contacting him?...please let me know.. Thanks,

Ok super on all. Thank you. 1 will pass along to Jeffrey.

Sent from my iPhone

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
Livermore Partners
5 Revere Drive
One Northbrook Place
Suite 200
Northbrook, Illinois 60062 USA

website: www.livermorepartners.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.

Hi David! I will let Jeffrey know. Thanks so much and hope all well. Sent from my iPhone

I'm coming to NYC next week. The evening of the ith 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.

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

ok thanks.