VOLTAIC STRATEGIC RESOURCES LTD — Investor Presentation 2012

May 17, 2012

INCREMENTAL OIL and GAS (asx: IOG)

INVESTOR UPDATE MAY 2012

www.incrementaloilandgas.com

1

DISCLAIMER AND IMPORTANT NOTICE

This presentation contains forward looking statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

All references to dollars, cents or \$ in this presentation are to American currency, unless otherwise stated.

Incremental Business model

• A producing oil company with a cash flow focus
• We acquire underperforming oilfields and increase production
• Focus is Onshore USA
• Florence producing oilfield, Colorado (100% WI)
• Round Mountain producing oilfield (100% WI)
• Sheep Springs producing oilfield (100% WI)
• Ventura development project (75% WI)
• McDonald Anticline development project (100% WI)
• We operate all of our projects

NEW ACQUISITION

5

Second oldest field in the world

Drilled first in 1862

1000 Shallow wells drilled

15m barrels produced

Produces from fractured shale 1800- 3600' deep

Revitalised by seller in last 4 years

Av 700 bopd over last 2 years

FLORENCE FIELD

• 21 Producing wells
• High initial rates and quick payout
• Light, sweet crude (WTI-\$7)
• Wells inexpensive, simple
• Wells located from 3D seismic
• Wells can decline quickly
• No water production, low opex
• IOG has over 20,000 acres leased
• 100% WI, av 80% NRI

FLORENCE PRODUCTION

Florence Quarterly Production

Well costs have come down substantially

PIERRE FM POTENTIAL

• Excellent quality 3D seismic over nearly all the lease
• Fracture zones clearly visible and mappable on seismic
• At least 30 anomalies remain undrilled
• Will need to drill to maintain production
• First three wells planned for Q3 2012
• We have a world class team in developing fractured oilfields

Niobrara

• Niobrara is the source of much of the DJ basin's oil
• Four Niobrara limestones over large area
• Florence same depth and maturity as areas being drilled

Well Economics (Devon)

• Drill & complete cost: \$5m
• EUR: 200-300 MBOE
• IP: 250-300 BOEPD

Florence Funding

• Purchase price US\$12.25m
• Settlement 29 June
• IOG receive net revenue from May 1 (estimate \$2.6m for May & June)
• \$2m cash from reserves
• Debt funding from large bank

IOG Capital Structure

• Formed 2009 as Private Company
• Listed January 2011 after raising \$5.3m at 30 cents.
• 459 shareholders
• 135.6m shares (Directors and management 43%) 92.8m unlisted options¹
• Market cap about \$35 million
• NO DEBT

	2010	2011
REVENUE	\$6.06m	\$7.72m
EBITDA	\$2.40m	\$3.04m

1. Options exercisable at \$0.20 on or before 1 November 2014

IOG TEAM

From left:

Adams: 20 years Accountant. MacDonald: 13 years in Senate, LLB Cronin: No 2 in Woodside (23 years) Stowell: Founder of Anvil and Mawson West, CA McGann: 40 years geologist worldwide, CPG

DIRECTORS

M Pet Eng,

Over 30 years experience

Incremental Projects, California

• Producing ROUND MOUNTAIN
• Producing SHEEP SPRINGS
• VENTURA Development
• M^cDONALD A/C Development
• • RAVEN PASS Exploration

Round Mountain

Sheep Springs Oilfield

STILL PRODUCING 120 BOPD. LOW OPEX

Ventura Project

McDonald Anticline

Raven Pass

Gross Revenue

Microcredit Project

First Rotary Microcredit project in the developed world.

\$230k pilot project, IOG supported with \$10k

80% hispanic population

>20% unemployment

MICROCAPS (<\$50m) MONEY RAISED vs MARKET CAPITALISATION

Source: Oil & Gas weekly

2012 Projected News Flow

• Complete Florence Deal
• Drill 1-2 wells, Round Mountain…June
• Drill 1-2 wells, Ventura Project …..Q3
• Drill 3 wells, Florence Field…….. Q3
• Drill 2-3 wells, McDonald Anticline
• Declare another after tax profit