Working Interest Kris Kon #2-Project Deal

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1 Working Interest Kris Kon #2-Project Deal Page 1 of 10

2 Kris Kon #2-Project Deal October 2016 Project provider Project name Geographical area Formation/Primary targets Type of wells Number of wells Expected spud Unit price Working Interest per unit *NRI Investment model Kris Kon Oil & Gas Inc. Dallas, TX and Kris Kon Fund management SarL. Luxembourg. Kris Kon #2-Project Deal. Stephens County, Texas/Slope County North Dakota. Mainly Caddo Lime/Williston Basin. Vertical oil wells. Texas: +400 producing wells/north Dakota 1 well to be drilled. North Dakota well 4 th quarter ,500.- US$. Texas wells 0.01%/North Dakota well 1.0%. Varies from 75% to 87.5%. Working Interest. *NRI (net revenue interest): The operator pays a royalty to Lease Partners and to the landowner for the right to extract oil and natural gas on his land (The Lease). In this project royalty varies from 12.5 to 25%. Kris Kon Oil & Gas Inc. Dallas, TX and Kris Kon Fund management SarL. Luxembourg offer W.I. units in this project, situated in Stephens County, Texas and Slope County, North Dakota. INVESTORS WILL ENJOY IMMEDIATE REVENUE FROM MORE THAN 400 PRODUCING TEXAS WELLS AND AN ENORMOUS POSSIBLE UPSIDE FROM THE WELL TO BE DRILLED IN NORTH DAKOTA. AT CURRENT OIL PRICE ROI IS IN THE 6% RANGE WITHOUT CONSIDERING THE UPSIDE POTENTIAL FROM THE NORTH DAKOTA WELL! Kris Kon #2-Project Deal Page 2 of 10

3 Texas wells In excess of 400 producing oil wells. Current production approx. 3,400 BOPD. OOIP (original oil in place) on BASA s Stephens County acreage: 500 Mio. barrels of oil. Production is extremely steady with a +/- 2% decline. Diversified throughout Stephens County with many wells and long life estimated reserves. Decent returns even in low oil price environment. Field Highlights: Legacy Conventional Waterflood discovered in 1917, with long life reserves remaining. BASA purchased the majority of these assets in 2003 and several additional leases in subsequent acquisitions. Current production is /- bopd and 800 mcfgpd from 870 wells (444 active producing wells, 57 shut-in producers, 360 active injection wells, & 3 shut-in injectors.) Production is extremely steady/predictable at a +/- 2% decline and very well diversified throughout Stephens County. There are numerous proven drilling locations, perhaps up to 800 drilling locations for future development. Working Interest owners with units in the Kris Kon Stephens County project have first right of refusal to future drilling developmets. Page 3 of 10

4 Risk mitigation As The Kris Kon Stephens County project includes more than 400 active producing wells risk in connection with drilling and completion is eliminated. Production Graph Page 4 of 10

5 Estimated annual R.O.I BOPD Oil USD 35 3,82% 3,74% 3,66% 3,59% 3,51% 3,45% 3,37% 3,30% 3,23% 3,16% Oil USD 40 4,36% 4,27% 4,19% 4,10% 4,01% 3,94% 3,85% 3,77% 3,69% 3,62% Oil USD 45 4,91% 4,81% 4,71% 4,62% 4,52% 4,43% 4,33% 4,24% 4,16% 4,07% Oil USD 50 5,45% 5,34% 5,23% 5,13% 5,02% 4,92% 4,81% 4,71% 4,62% 4,52% Oil USD 55 6,00% 5,87% 5,76% 5,64% 5,52% 5,41% 5,29% 5,19% 5,08% 4,97% Oil USD 60 6,54% 6,41% 6,28% 6,16% 6,02% 5,91% 5,77% 5,66% 5,54% 5,43% Estimate assumptions Estimated annual R.O.I after deduction of Lease Operating Expenses and oil taxes. Based on production from more than 400 wells with a decline rate of 2%. Project summary assumptions Details contained in this project summary are based on information received from the operator. Kris Kon has with the assistance of his American lawyer and accountant checked the validity of the operator's information, and this has not led to believe that these are not consistent with the actual conditions. Terms of trade For this project the terms in Kris Kon s Purchase and Administration Agreement dated October 1st 2016 apply. Reselling of Working Interest The investor can assign/sell his W.I. unit to a third party, but not to a US citizen. Risk Investments in Working Interest are hazardous, the investor risks total or partial loss of the invested amount. Oil exploration is a high risk/reward enterprise and is intended for qualified high net worth and income individuals. This summary is for informational purposes only and not intended to be an offer of securities. Please contact us for further information if you are interested in this Program. Page 5 of 10

6 North Dakota well The well is a vertical well which is expected to produce from up to 11 formations in the Williston Basin. Reserve Potential: The North Dakota anticline is estimated to have a 100 million barrels of oil potential. Estimated ultimate recovery from one well could be more than 1 million barrels of oil and huge volumes of rich natural gas. Executive Summary The Sweet Spot Anticline Prospect is a classic conventional oil and gas prospect, located in one of the hottest geologic basins in the United States. Like many other anticlines worldwide, the Sweet Spot Anticline is situated and structured to hold large quantities of oil. There is nothing exotic about this prospect, it is an anticline, one of the most basic and common geologic structures; however, anticlines are also one of the most prolific oil and gas producers in the world. Multiple reasons support the conclusion that this anticline will likely produce oil and gas from multiple formations and will open up a previously overlooked oil and gas play in the area. Based upon the geology of North Dakota and the Williston Basin, generally, and the area around the prospect, specifically, the Sweet Spot Anticline is prospective for oil and gas. The anticline itself is prospective in the Red River formation, as are a number of overlying formations draped over the anticline, including the Lodgepole and Birdbear formations. The Red River formation has been a prolific oil producer in North Dakota and in the area around Sweet Spot Anticline. Lodgepole Reefs have been prolific in their own right, but after causing a drilling frenzy initially, they have eluded conventional geophysical exploration tools. Through innovations to common technologies, the principals have identified Lodgepole Reef prospects overlying the Sweet Spot Anticline. The Sweet Spot Anticline Prospect is surrounded by oil fields producing from multiple formations, on similar structural highs. Given the geology of the area, the geologic risk involved is relatively small and the presence of oil in the Sweet Spot Anticline has been confirmed by geochemical analysis. A blind drilling test on two of the mapped structures and an independent geological report provide additional confidence that the Sweet Spot Anticline will produce oil. We have an option to acquire additional leases which have additional value beyond the scope of this program. The real economic value of the Sweet Spot Anticline is its oil and gas production potential and the low costs involved in securing that production. Potential: The Sweet Spot Anticline could produce 100 million barrels of oil in Slope County, North Dakota. The total program cost is $3,275,000 to drill and complete the well, with each of 75 Unit Participants paying $30,000 to drill the well to the casing election point and having the option to participate in costs for completion of $13,500. Each Unit will have the further option to participate in the likely 19 additional development wells of the entire Anticline. The well is planned to be commenced in 60 days and could be producing oil within 120 days. Page 6 of 10

7 Each Unit will enjoy 1% of the Working Interest (80% Net Revenue). This first well is expected to produce 1000 barrels of oil per day, and each Unit could enjoy 6 of those barrels per day. At $45 WTI, this is expected to be about $6,000 per month, with recovery of investment expected in a little over 7 months after production commences, Production is expected to continue for an additional fourteen years. Annual ROI estimate Oil price/barrels of oil per day USD 40 14% 27% 53% 80% 106% USD 50 17% 34% 67% 101% 134% USD 60 20% 41% 81% 121% 161% USD 70 24% 48% 95% 142% 190% USD 80 27% 55% 109% 163% 217% Passion: Establishing the Play took ten years of concerted efforts to bring it here. There is a high level of confidence that the oil is there, that it will be produced and that the entire Play will be established for seven reasons: (1) the North Dakota Anticline is surrounded by producing fields; (2) all production in the area is from such structural highs, mostly anticlines; (3) only two of the anticline structures mapped were encountered during prior drilling in this area, and these wells that hit a mapped structure, produced oil; (4) an independent geological report confirms this conclusion of potential oil production on this anticline; (5) the geologic risk is very small due to repeated reduction of risk as a result of the eleven prospective formations tested by the well; (6) geochemical analysis, a form of direct detection of oil, showed presence of oil on the anticline and at drilling locations over the Lodgepole targets; and (7) the regional tectonics that created the anticline likely also enhance its reservoir character. Promise: The well will encounter eleven formations that could produce in this area of the Williston Basin. On the following page is a stratigraphic column with the eleven prospective targets identified. This well is the same as drilling eleven wells, or a well with ten bailouts, which reduces the risk. As shown on the next page, the well will also evaluate several formations which could be accessed by horizontal drilling. Page 7 of 10

8 What is expected from just one of the most likely producing formations is a production curve like that from our model Lodgepole well: That actual well produced 1,333 bopd for six years with no water and 20,000 mcf per month of 1800 btu, sweet gas. We have only used 1,000 bopd in our analysis and ignored the valuable gas. We expect the following economics for the well: Expected Net Profit per Barrel of Oil Produced (Price of WTI per barrel) WTI Price Crude Oil Net Price Finding Cost Cost of Operations Royalty (20%) State Taxes (11% on 80%) Net Profit $23 $20 $0.50 $0.50 $4.00 $1.76 $13.24 $33 $30 $0.50 $0.50 $6.00 $2.64 $20.36 $43 $40 $0.50 $0.50 $8.00 $3.52 $29.48 $53 $50 $0.50 $0.50 $10.00 $4.40 $36.86 $63 $60 $0.50 $0.50 $12.00 $5.28 $41.75 $73 $70 $0.50 $0.50 $14.00 $6.16 $48.84 $83 $80 $0.50 $0.50 $16.00 $7.04 $55.96 $103 $100 $0.50 $0.50 $20.00 $8.80 $70.20 Page 8 of 10

9 The well will be drilled using qualified engineers working in the Williston Basin (RPM Consulting, Inc.), and qualified geologists as mud-loggers (Neset Consulting Service, Inc.). Project summary assumptions Details contained in this project summary are based on information received from the operator. Kris Kon has with the assistance of his American lawyer and accountant checked the validity of the operator's information, and this has not led to believe that these are not consistent with the actual conditions. Terms of trade For this project the terms in Kris Kon s Purchase and Administration Agreement dated January 1st 2013 apply. Reselling of Working Interest The investor can assign/sell his W.I. unit to a third party, but not to a US citizen. Risk Investments in Working Interest are hazardous, the investor risks total or partial loss of the invested amount. Oil exploration is a high risk/reward enterprise and is intended for qualified high net worth and income individuals. This summary is for informational purposes only and not intended to be an offer of securities. Please contact us for further information if you are interested in this Program. Page 9 of 10

10 Kris Kon has offices/agents in Denmark, Sweden, Spain, Luxembourg, The Netherlands and USA. Kris Kon has projects in Texas, Kansas, North Dakota, Louisiana, Oklahoma and Kentucky under management Kris Kon's primary goal is - in cooperation with Kris Kon Oil & Gas, Inc. - to acquire, manage and promote Working Interest and Lease Bank (Royalty agreement) investments in oil and gas related assets. Kris Kon has investments for more than 200 mio. USD under management. Kris Kon cooperates with partners with decades of knowledge in the oil and gas industry. The investor confirms with his signature to have read and understood the contents of this project summary: Date: Signature Kris Kon Oil & Gas, Inc. In cooperation with Kris Kon A/S Fabrikvej 11B 8260 Viby J. Tel: Fax: info@kriskon.dk All rights reserved by Kris Kon Page 10 of 10