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TexCom, Inc. (TEXC) An Environmental Services Provider. Corporate Presentation November 18, 2009.

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Texcom inc texc an environmental services provider l.jpg

TexCom, Inc. (TEXC)An Environmental Services Provider

Corporate Presentation

November 18, 2009


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Statements contained herein and the information incorporated by reference herein may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "will," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. We intend such forward-looking statements to be covered by the safe harbor provisions applicable to forward-looking statements contained in Section 21E of the Exchange Act. Such statements (none of which is intended as a guarantee of performance) are subject to certain assumptions, risks and uncertainties, which could cause our actual future results, achievements or transactions to differ materially from those projected or anticipated. Such risks and uncertainties are set forth herein.

Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demands and acceptance, changes in technology, economic conditions, the impact of competition and pricing, and government regulation and approvals. TexCom cautions that assumptions, expectations, projections, intentions, or beliefs about future events may, and often do, vary from actual results and the differences can be material. Some of the key factors which could cause actual results to vary from those TexCom expects include changes in oil prices, soybean prices, soybean oil prices, the timing of planned capital expenditures, availability of acquisitions, uncertainties in estimating and forecasting production results, political conditions in Paraguay, the condition of the capital markets generally, as well as our ability to access them, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting our business.

Our expectations, beliefs and projections are expressed in good faith and are believed to have a reasonable basis, including without limitation, our examination of historical operating trends, data contained in our records and other data available from third parties. There can be no assurance, however, that our expectations, beliefs or projections will result, be achieved, or be accomplished.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no duty to update these forward-looking statements.

Forward-Looking Statement

The information contained herein is offered for informational purposes only. None of this information is to be construed as an offer to buy or sell securities.


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TexCom Description by reference herein may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "will," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. We intend such forward-looking statements to be covered by the safe harbor provisions applicable to forward-looking statements contained in Section 21E of the Exchange Act. Such statements (none of which is intended as a guarantee of performance) are subject to certain assumptions, risks and uncertainties, which could cause our actual future results, achievements or transactions to differ materially from those projected or anticipated. Such risks and uncertainties are set forth herein.

  • An energy field services company engaged in the disposal of waste from oil and gas exploration and production.

  • In the process of permitting an additional site for disposal of Class I non-hazardous industrial wastewater.

  • Currently services companies in the U.S. Gulf Coast including:

    • Exploration & Production Companies

    • Drilling Companies

    • Oilfield Waste Transporters

  • Actual : 2008 Revenue $6.1 million EBITDA $4.1 million

  • Estimated: 2009 Revenue $6.9 million EBITDA $4.7 million


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TEXC Corporate Snapshot by reference herein may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "will," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. We intend such forward-looking statements to be covered by the safe harbor provisions applicable to forward-looking statements contained in Section 21E of the Exchange Act. Such statements (none of which is intended as a guarantee of performance) are subject to certain assumptions, risks and uncertainties, which could cause our actual future results, achievements or transactions to differ materially from those projected or anticipated. Such risks and uncertainties are set forth herein.

  • Market Cap 11/10/2009: $7,500,000

  • Basic Shares Outstanding: 49,549,500

  • Headquarters: Houston, Texas

  • Employees: 22

  • Websites: www.texcomresources.com

    www.mbenvironmental.net


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TEXC Business Segments by reference herein may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "will," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. We intend such forward-looking statements to be covered by the safe harbor provisions applicable to forward-looking statements contained in Section 21E of the Exchange Act. Such statements (none of which is intended as a guarantee of performance) are subject to certain assumptions, risks and uncertainties, which could cause our actual future results, achievements or transactions to differ materially from those projected or anticipated. Such risks and uncertainties are set forth herein.


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Organizational Structure by reference herein may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "will," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. We intend such forward-looking statements to be covered by the safe harbor provisions applicable to forward-looking statements contained in Section 21E of the Exchange Act. Such statements (none of which is intended as a guarantee of performance) are subject to certain assumptions, risks and uncertainties, which could cause our actual future results, achievements or transactions to differ materially from those projected or anticipated. Such risks and uncertainties are set forth herein.

Funded

Funded

Not Funded


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E & P Waste Disposal Drivers by reference herein may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "will," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. We intend such forward-looking statements to be covered by the safe harbor provisions applicable to forward-looking statements contained in Section 21E of the Exchange Act. Such statements (none of which is intended as a guarantee of performance) are subject to certain assumptions, risks and uncertainties, which could cause our actual future results, achievements or transactions to differ materially from those projected or anticipated. Such risks and uncertainties are set forth herein.

  • Non-hazardous Oilfield Waste Disposal

    • Active drilling rigs in region

    • No. of existing oil & gas wells in region

    • Marked uptick in drilling

  • Naturally Occurring Radioactive Material

    • Increased regulatory enforcement

    • Growing litigation associated with producing oilfield property transactions


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Recast Current & Proforma Projections by reference herein may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "will," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. We intend such forward-looking statements to be covered by the safe harbor provisions applicable to forward-looking statements contained in Section 21E of the Exchange Act. Such statements (none of which is intended as a guarantee of performance) are subject to certain assumptions, risks and uncertainties, which could cause our actual future results, achievements or transactions to differ materially from those projected or anticipated. Such risks and uncertainties are set forth herein.

Reflects financing already in place and 100% ownership of MB Class II Site


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What’s the Opportunity by reference herein may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "will," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. We intend such forward-looking statements to be covered by the safe harbor provisions applicable to forward-looking statements contained in Section 21E of the Exchange Act. Such statements (none of which is intended as a guarantee of performance) are subject to certain assumptions, risks and uncertainties, which could cause our actual future results, achievements or transactions to differ materially from those projected or anticipated. Such risks and uncertainties are set forth herein. for TexCom Growth?

NORM

Naturally Occurring Radioactive Material


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What is NORM? by reference herein may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "will," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. We intend such forward-looking statements to be covered by the safe harbor provisions applicable to forward-looking statements contained in Section 21E of the Exchange Act. Such statements (none of which is intended as a guarantee of performance) are subject to certain assumptions, risks and uncertainties, which could cause our actual future results, achievements or transactions to differ materially from those projected or anticipated. Such risks and uncertainties are set forth herein.

Radioactive Radium is present everywhere in earth’s crust.

Dissolves in underground saltwater along with other minerals.

Deposits with other minerals as scale.

In oil & gas production, scale precipitates from saltwater due to decrease in temperature and pressure.

In the oilfield, scale builds on well tubing and in surface gathering equipment (pipelines, pumps, storage tanks)


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NORM: Trigger for Growth by reference herein may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"). Forward-looking statements can be identified by the use of forward-looking terminology such as, but not limited to, "may," "will," "expect," "anticipate," "estimate," "would be," "believe," or "continue" or the negative or other variations of comparable terminology. We intend such forward-looking statements to be covered by the safe harbor provisions applicable to forward-looking statements contained in Section 21E of the Exchange Act. Such statements (none of which is intended as a guarantee of performance) are subject to certain assumptions, risks and uncertainties, which could cause our actual future results, achievements or transactions to differ materially from those projected or anticipated. Such risks and uncertainties are set forth herein.

  • 10,000,000 barrels of NORM existed in 1995 in the United States ($3 Billion market for disposal) Source: Argonne Labs

  • It is still there and growing by 140,000 – 160,000 Barrels per year ($45MM/yr.) Source: American Petroleum Institute

    NORM Disposal Market Drivers

  • NORM Surveys – now part of oil & gas property transaction due diligence

  • Public Awareness – NORM contamination in the oilfield has been the subject of a number of Newspaper articles in Texas and Louisiana as well as a high profile $1 Billion lawsuit for soil contamination.

  • Regulatory Awareness – regulators now test for NORM in oilfields


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How Does TexCom Address the Industry Problem and Exploit the Opportunity?

We have:

  • The permits

  • A suitable site location

  • Ample disposal capacity

  • Qualified personnel

  • Experience in the business

  • Existing customer base

  • Knowledge


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Our Competitive Advantage Opportunity?

Most Class II wells inject into depleted oil & gas formations; only accept produced water

Limited number of Class II wells inject into fractured caprock or salt caverns that can accept solids (rock tailings, drilling muds and NORM scale)

Even fewer Class II wells are permitted to accept NORM


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Company Management Opportunity?


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Representative TexCom Clients Opportunity?

  • 180 total active account relationships



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Current Capacity Utilization Opportunity?

  • Less than 35% of permitted capacity for oilfield waste disposal

  • Less than 5% of our NORM capacity *

* TEXC is 1 of the 3 companies having commercial NORM injection permits in the U.S.



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Disposal: Historical and Proforma Revenue Opportunity? (Millions)

$8.5

$6.4

$6.1

$3.1


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TEXC’s Disposal Revenue Mix Opportunity?

Revenue: $6,197,583

Revenue: $4,968,543


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Pathway to Major Growth in Opportunity? NORM Disposal

  • Vertically Integrate into Engineering Services and Decontamination Operations

    • Acquire and Joint Venture with Licensed Engineering Service and Decontamination Companies.

    • Acquire additional NORM disposal capacity

    • Target Market Major E&P Companies

    • Target Market Key E&P production fields


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Environmental Opportunity?

Engineering

Firms

To Accelerate Growth

Position upstream in Engineering & Decontamination

Vertical

DISPOSAL

DECON

SITE


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Vertical Integration Opportunity?

Advantages of vertical integration into Engineering and Decon.

  • Capture 3 out of the 4 NORM value chain components

  • Build or buy engineering capability

  • NORM Engineering firms direct product through the value chain

Engineering 15%

Decontamination 33%

Disposal 40%

Transportation 12%


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Oil Production Opportunity?

Gas Production

Mixed Production

Horizontal Integration

Existing Sites

Expansion


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TexCom Gulf Disposal, LLC Opportunity?

Class I Non-hazardous Industrial Wastewater Disposal

Limited number of Class I wells in commercial operation

Deep well injection at 6,500 feet

Existing and completed well on 27 acres

Near to Greater Houston refining/petrochemical complex

Permit allows injection of 12,000 bbls/day

Large anchor customer nearby

Action on permit expected Q-1 2010



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Why TEXC Now Opportunity?

No blue sky in market valuation

Public environmental companies trade at 20 + P/E multiples

Completing buyout of partners brings profitability at a low multiple

TEXC Prior Ownership – 36.79%

TEXC 2010 Ownership – 93.4% to 100%

One of a few operating companies in a large market

Uniquely positioned to scale the Environmental Services portion of our business


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