Miller Thomson & Partners LLC301 East Kaliste Saloom Road , Suite 301 , Lafayette, Louisiana, United States

Miller Thomson & Partners LLC acquires and develops producing natural gas properties and related pipeline gathering and processing facilities, and markets natural gas to large-scale end users, primarily the gas-fueled chemical, electric-generating, and LNG industries along the U.S. Gulf Coast and in Mexico.  Louisiana has the largest concentration of gas fueled chemical and LNG plants in the U.S., while Mexico is the fastest growing market for U.S. natural gas.  The company has long-term relationships with those gas users.  The company’s owners have worked together as independents for more than 40 years in the North American, Canadian, Asian, African and European upstream, midstream and downstream oil and gas business. They have successfully created and exploited oil and gas opportunities of the scope of the present opportunity, and are responsible for many first discoveries in the oil and gas basins in which they have operated. Their historical base is the Louisiana and Texas Gulf Coast.

WHAT WE ARE DOING

The company is capitalizing on the opportunity created by new technology for commercial development of shale gas combined with the existing infrastructure for delivery of the gas to the end user.  In the short 15-year history of its development, U.S. shale natural gas is revolutionizing energy around the world.  We have reviewed and evaluated more than twenty upstream and midstream properties during the last three years of market turmoil as gas properties begin to appear on the market from financially distressed sellers and those focusing on oil development.  The company believes that the natural gas price has bottomed and is in the beginning of a multi-year recovery, making this the time for acquisitions.  This view is based on long-term trends in demand coupled with declining production.  The properties will be valued at prices that result in a projected minimum 15% IRR at today’s natural gas prices.  The properties will have clear upside potential (targeted at a minimum of 25% IRR) from:

• Expansion of gas reserves through development of proven but undeveloped reserves underlying acquired gas properties as those reserves are needed by long-term gas users. The economics of development of proven undeveloped gas reserves are enhanced by continuing improvements in drilling and completion technology that increases recoverable gas reserves and production rates while lowering development costs.
• Increases in natural gas prices as demand increases.

WHY WE ARE DOING THIS

The environment and timing for capitalizing on the U.S. shale gas opportunity are excellent.  The U.S. oil and gas economic and legal structure and the new Federal administration support U.S. independent oil and gas operators such as Miller Thomson & Partners LLC.  Additionally, today’s financial stress in the oil and gas industry creates ideal timing for these acquisitions.  The company is taking advantage of this opportunity by:

• Acquiring strategically located gas weighted producing shale properties that are only partly developed.
• Consolidating those upstream producing gas properties with midstream assets positioned to access areas of growing gas demand.
• Using the Company’s life-long relationships to (i) partner with large, long-term natural gas users that have made, and are making, the billions of dollars of investment in new gas-fired plants and related facilities and then (ii) coordinating development of the undeveloped portions of acquired natural gas properties within the timetables of the end users.