United Hunter Oil & Gas Corp (UHO)

[ICEQUITY]

UHO Properties Overview - HUNTER OIL AND GAS CORP
HUNTER OIL AND GAS CORP (TSX:UHO)

Highlights
Acquired 65% in the California past producing field Huasna.
Pursue three USA prospects generated by the legendary John Masters.
Additional modest growth properties in Canada and California.
Huasna Field is located in southern California near the town of San Luis Obispo, north of similar giant oil fields Oil exploration in Huasna dates back to the early 1800's and began to be explored progressively in the 1900's. Most explorers were in search of free-flowing oil that could easily be recovered without the use of technology advancements presently available.

Why Huasna?

New technology advancements in drilling and extraction techniques enable Huasna's oil field to be commercially viable.

Past geological studies provide evidence of established production:
Cold production: The discovery well drilled in 1939 to test a surface anticline cold produced 9-13° API oil from fractured Monterey Shale.
EOR steam and hot water: 2 wells drilled in 1960's produced 22,741 bbls oil after a single non-continuous steam and hot water injection.
An independent report* (NI 51-101 report) suggests: a best estimate recovery of 7,002 MSTB (net 4,551 MSTB), a high estimate of 14,004 MSTB (net 9,102 MSTB) and a low estimate of 4,201 MSTB (net 2,730 MSTB).
In California 6 bypass pay zones high graded from hundreds of leads, both light and heavy oil.
Mainly shallow reservoirs with potential confirmed by other data.
Average size pool will be 1 to 3 million bbls BOE.
Average well production will be about 50 bopd and 100,000 bbls recoverable oil.
Huasna, CA

United Hunter's Huasna project is the companies' current endeavor and management believes Huasna has the potential to be a viable resource. Previous studies have estimated an average well will produce 50 bopd and 100,000 bbls recoverable oil.

The current goals for the Huasna Project are; to extract a minimum of 0.5 billion bbls OOIP at Huasna, obtain 1200 barrels per day production capabilities, and to continually expand with other projects in Canada and California.

Key Strategy

Drilling Permits issued – Nov, 2010

First well drilled – Jan, 2011 [Production Net Cumulative]
On production – Jan 2011 [200 bopd / 130 bopd]
2nd and 3rd well drilled – April 2011
On production – May 2011 [400 bopd / 390 bopd]
Additional wells drilled (9 wells) from Nov 2011
An additional 1600 to 1800 bopd gross [1600 bopd]