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eom7   Friday, 09/22/17 08:24:15 AM
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? Executed Debt facility Term sheet for increased facility size of up to USD$40m
? Term sheet is with significant New York Based Institutional Investor
? Facility supports funding of AOW’s aggressive conventional oil acquisition programme
? Closure of facility subject to loan documentation and completion of full due diligence
? A number of new additional Texas deals sourced & closing in Q4 2017
American Patriot Oil and Gas has signed a term sheet for an increased debt facility size of up to
USD$40m with a major New York based institutional investor. The facility is subject to completion
of loan documentation satisfactory to both parties and the completion of full technical due
diligence on American Patriot’s recent and all future acquisitions. This process is expected to take
30-40 days.
American Patriot CEO Alexis Clark commented: “Execution of this term sheet is a key next step
in further progressing American Patriot’s US conventional oil and gas acquisition programme. We
welcome the partnership with such a significant New York based funder who are supporting AOW
on the back of our conventional oil and gas acquisition strategy in Texas. This increased facility
size will enable American Patriot to undertake a number of material acquisitions in the next
12months that will have the potential to significantly grow the production, cash flow and reserves
base of the company and generate significant value”
“ We have a busy six months ahead as we have sourced a number of attractive new target assets,
as we look to deliver on the strategy of aggressively building a producing conventional oil business
with well over 1000bopd production in 2018” This is all underpinned by a growing reserve base.”
“With the deals recently announced AOW is on track to being cash flow positive and achieving
production of 300boepd by the end of 2017 with 1 million barrels of proven oil and gas reserves
certified by independent reserve reports. This will generate approximately $30m USD revenue at
current oil and gas prices over a period of time. With the additional transactions we have sourced
in the pipeline we are now well on track to exceeding this target

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