Lasso Partners Investment Profile

Business Focus	Private equity sponsor employing a portfolio approach to exploration and production development projects
Geographical focus	U.S. and Canada
Target investment size	$5 to $50 million
Target total project size	$50 million to $1billion
Target ownership	10% to 50%
Investment structure	Equity and equity oriented investments directly in exploration and reserve development projects
Target IRR	Greater than 40%
Target investment multiple	Greater than 2.0x
Average investment duration	2 to 5 years
Capital sources	Lasso Energy Partners I, LP
Lasso investment team competitive advantage	As a group, the Principals bring more than 125 years of experience in oil and gas investing, broad operating expertise, and historically strong proprietary deal flow to the firm. These elements result in a systematic and cohesive approach to deal sourcing and evaluation, as well as a mix of scientific, financial, and legal evaluation and execution skills, which maximize investment opportunities.