Epic Midstream – Company and Terminal Presentation

Epic Midstream LLC

Epic was incorporated in 2011White Deer Energy and Blue Water Energy partnered to form Epic Midstream LLC. In April 2012 Epic Midstream acquired five terminals in the SE US consisting of 65 storage tanks for a total of 1.5 million barrels of refined product storage capacity.Epic handles refined products, chemicals and fertilizers for a number of customers.

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Epic Midstream LLC

Epic Strategy Provide outstanding service and value to our customers with priority on safety and environmental compliance.Grow our existing facilities with creative, value adding projects.Grow outside our fence line with new sites both existing and requiring construction skills.

Experienced Management Team from Kinder Morgan, Vopak, Plains All American, Nustar.

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Epic Midstream Organizational Structure

Note: As platform scales, additional team members may be added.

Board of Directors

Tom Sikorski (Chairman)Joe Bob Edwards

Thomas EdelmanJerker Johansson

Blue Water Energy White Deer Energy

CEODavid Vattimo

Commercial LeadJim Miller

SalesDale Springer

Sales / BDJoe Woller

Accounting Personal

Administrative LeadDavid Fowler

HR / Benefits(Outsourced)

Information Tech(Outsourced)

Operations / Engineering LeadMike Garthwaite

EH&S / Compliance LeadLinda Ferguson

Project ManagerEnrique Chaguay

Terminal Managers (5)

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White Deer Energy Overview

Fund I

Investment History

Closed June 2010 - $822MM of committed capital Made 10 platform investments Currently 96% invested/committed

Closed Feb 2013 – $1.387B of committed capital Same investment philosophy/approach as Fund I

Fund II

Founded in 2008 by Tom Edelman and Ben Guill, White Deer Energy manages more than $2.2 billion across twoprivate equity funds that focus on investing in oil and gas exploration and production, oilfield service andequipment and the midstream sectors of the energy business. White Deer’s investment philosophy is founded onleveraging industry experience and strategic relationships to partner with talented management teams and buildsuccessful companies. White Deer has nine investment professionals and has offices in Houston and New York.

Date Investment ($MM) Fund Sector Description Status

PostRock Sep-10 $92.5 Fund I E&P Natural gas producer (Cherokee Basin) Unrealized

Fiberspar Sep-10 $66.2 Fund I OFS / Manufacturing Spoolable line pipe manufacturer Realized

O-Tex Jan-11 $62.0 Fund I OFS Cementing services Partially Realized

Crescent Feb-11 $48.4 Fund I OFS Water transfer services Unrealized

Accelerated Jan-12 $50.7 Fund I OFS / ManufacturingArtificial lift equipment

manufacturer (hydraulic lift)

Unrealized

Shores Lift Mar-12 $75.4 Fund I OFS / Manufacturing Artificial lift equipment manufacturer (rod lift) Unrealized

Sharewell Mar-12 $36.0 Fund I OFS / Manufacturing Directional drilling services Unrealized

Epic Apr-12 $19.9 Fund I Midstream Refined petroleum products terminals Unrealized

Acteon Oct-12 $75.8 Fund I OFS Subsea services Unrealized

Emerald Feb-13 $50.0 Fund I E&P Oil producer (Bakken Shale) Unrealized

Company Name

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BlueWater Energy

Partnership thesis built on alignment with management: buy-and-build strategy to support and enable management and to act as a solutions provider to strategic partners in effort to drive business growth and build value

Target commitment of $50 - $125 million per platformBuy-and-build focus: initial commitment upfront followed by bolt-on acquisitions and expansion capital as needed

BWE is the largest London-based investor dedicated exclusively to the energy space with $861 million in committed capitalTargeted focus maximising value creation strategy by partnering with European-based, mid-market management teams with a global perspective in the following sectors:

Upstream Equipment & ServicesMid- / Downstream Equipment, Services & LogisticsReserves (E&P)

BWE partners with committed teams in maximising value creation through a buy-and-build platform to create the leading energy companies in the space

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Tom Sikorski: Chairman

2010-PresentBlue Water Energy:Managing Director

2005-10First Reserve International:Managing Director

1994-2002

Windward Capital:Co-Founder/General Ptnr

1986-91The First Boston Corp:Vice President, Private Equity Group

1979-83Harvard College:B.A., EconomicsMagna Cum Laude

1979 1984 1986 1991 1994 201020052002

1984-86Stanford Graduate School of Business:MBA

1991-94Metropolitan Life:Director, Private Equity Group

2002-05First Reserve Corporation:Managing Director

Education

BA, Economics – Harvard College MBA, Stanford Graduate School of Business

Significant Accomplishments

Acquisition of BORCO terminal from PDVSA (2.2x MOIC and 34.2% IRR)

Acquisition of DOF Subsea Acquisition and subsequent listing of New World

Resources, a Czech coal asset (2.0x MOIC and 35.7% IRR)

Acquisition of Dresser (3.3x and 22.0% IRR) Acquisition and divestiture of Dresser-Rand (4.0x

and 188.5% IRR) Acquisition and divestiture of Quanta Services

(2.3x and 52.2% IRR)

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Strong Complimentary Background & Skillset of Executive Team

CEO, Epic Midstream LLC (2013)24 Years experience in midstream energy logisticsVice President Operations Kinder Morgan Terminals (2002-2011). KM Northeast, Midwest and Ohio Valley Regions - $150 mil EBITDA.Vice President Sales Kinder Morgan Terminals. All regions approx $1.7 billion in revenue.

Strong record of leadership in energy logistics industry.Lead numerous multi-million $ customer relationship across many locations and geography.Track record of managing complex multi-million capital investments.

BS Economics SUNY@Buffalo 1986MBA Illinois Institute of Technology 1992Graduate Center for Creative Leadership8

Complementary, Diverse Skillsets

David VattimoCEO

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VP-Sales and Marketing, Epic Midstream LLC (2011)19 Years experience in midstream energy logisticsSr. Director, Product Marketing, Buckeye Partners, LP (2011)Commercial Director, BORCO (2008-2011) Business Development Manager-North America, Commercial Manager-Oil, General Manager-Logistics, Vopak North America (1999-2008)Sales and Marketing-Mission Petroleum Carriers (1993-1999) Transportation and Logistics

Strong relationships with origination, supply and trading of global physical commodity traders and major U.S. oil companiesProven track record generating increased throughput and customer longevity/loyalty at third-party bulk terminal companies.

BS, Psychology, The University of Texas at Austin (1993)Management Studies Programs, Erasmus University-Rotterdam

Jim MillerSr. Vice President, Sales and Marketing

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Epic Midstream Terminals

Terminal Locations: Savannah, GABremen, GAMacon, GAMontgomery, ALMoundville, AL

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Epic Midstream TerminalsSavannah, GA Bremen, GA Macon, GA Montgomery, AL Moundville, AL

Product Caustic soda, distillates,

gasoline, lube oils

ULSD, jet fuels, jet fuel additives

Jet fuels, jet fuel additives, #2 fuel oil and transmix

ULSD, jet fuels and jet fuel additives

Jet fuels and jet fuel additives

Tanks 27 11 14 7 6

Capacity (Active)

862,197 (862,197)

181,000 (168,500)

308,247 (146,247)

162,000 (162,000)

310,000 (170,000)

Modes Served

Ship, barge, truck, rail (CSX)

Truck, pipeline (Plantation)

Truck, pipeline (Plantation)

Truck, pipeline (Plantation)

Truck, pipeline (Plantation)

Truck Facilities

Two key stop loading positions; four supervised

loading positions; two automated

loading positions

Two-bay loading rack – bottom loading with

vapour combustor

Two-bay loading rack – manual bottom loading

with vapour combustor

One two-bay loading rack –manual loading

with vapour combustor

Two-bay loading rack – manual bottom loading without vapour

combustor

Dock Facilities

Savannah River mile post 11.8;

two berths (Draft: 25ft, 38ft; LOA:

675ft, 900ft)

NA NA NA NA

The NuStar Facilities comprise a series of assets strategically located in Alabama and Georgia and provide advantaged access to the important U.S. Southeast storage market

Strategic combination of four jet fuel terminals with water-based Savannah terminal

Combined assets offer 65 tanks and over 1.5 million barrels of active storage (over 1.8 million of shell capacity)

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Savannah, GA Terminal

Terminal Parameters: Total Storage: Number of Tanks: Commodities Handled: Number of Ship Docks: Size:

870,806 Barrels 27 Tanks Caustic Soda, Distillates, Gasoline, Lube Oil, Biodiesel, Ethanol 1 Dock (38 feet draft) 24 Acres (10 Acres West Terminal & 14 Acres East Terminal)

Transportation Modes: Rail line: Body of Water:

Golden Isles Short Line (access to NS and CSX) Savannah River (Atlantic)

Savannah, GA Terminal Terminal Services: Vessel Loading/ Unloading Barge Loading / Unloading Tank Car Loading / Unloading Tank Truck Loading / Unloading Tank Truck Weighing Product Blending

Product Heating Vapor / Incineration Additive Handling / Injection Automated Truck Rack Additional Service Available

Terminal Address: 2 Wahlstrom Road Savannah, GA 31404 Terminal Hours of Operation: West Terminal: Truck Loading 0700–1500 Monday – Friday East Terminal: Truck Loading 24 hours 7 days a week

Terminal Manager: Terry Ennis 912-236-1579

Bremen, GA Terminal Savannah Expansion Projects: Project 1 (12-15 Month Build): New Tank Build

• 2 New Tanks will be build in the East Tank Field o Tank 1 - 25,000 barrels o Tank 2 - 75,000 barrels

• Potential access to the Automated Truck Rack • Potential access to the two Vessel Docks • Potential access to the new Golden Isles Short Line Rail

Project 2 (In Service November 1, 2013): Golden Isles Short Line (access to NS and CSX) Rail Connection

• Load and Unload Railcars • 10 Rail Cars Spots

Bremen, GA Terminal

Bremen, GA Terminal

Terminal Parameters: Total Storage: Number of Tanks: Commodities Handled: Size:

170,400 barrels 9 Tanks ULSD, Jet Fuels, and Jet Fuel Additives 10 Acres

Transportation Services: Pipeline Inbound: Roadway:

1 (Plantation) I-20

Terminal Services: Pipeline Receipts Tank Truck Loading / Unloading Product Blending Vapor Recovery / Incineration

Additive Handling / Injection Laboratory Testing Additional Service Available

Bremen, GA Terminal Terminal Address: 870 Alabama Ave. Bremen, GA 30110 Hours of Operation: 0800-1600 Monday - Friday

Terminal Manager: Michael Burnett 770-537-4437

Macon, GA Terminal

Macon, GA Terminal

Terminal Parameters: Total Storage: Number of Tanks: Commodities Handled: Size:

308,439 barrels 16 Tanks Jet Fuels, Jet Fuel Additives, #2 Fuel Oil, Transmix, Ethanol, Caustic, White liquor, Green liquor and Fertilizer 10 Acres and have an off-site parcel of 79.4 Acres

Transportation Modes: Pipeline Inbound: Pipeline Outbound: Roadway: Rail Line:

1 (Plantation) 2 (Robins air force base & NSF Pipeline) Highway 247 Potential NS connection

Terminal Services: Pipeline Receipts / Injection Tank Truck Loading / Unloading Vapor Recovery / Incineration

Additive Handling / Injection Laboratory Testing Additional Service Available

Macon, GA Terminal Terminal Address: 6225 Hawkinsville Road Macon, GA 31216 Hours of Operation: 0800 – 1600 Monday – Friday

Terminal Manager: Eddie Nobles 478-788-1877

Montgomery, AL Terminal

Montgomery, AL Terminal

Terminal Parameters: Total Storage: Number of Tanks: Commodities Handled: Size:

162,000 Barrels 7 Tanks Premium No Lead, Regular No Lead, ULSD, Jet Fuel and Jet Fuel Additives. 15 Acres

Transportation ModesPipeline Inbound: Roadway:

1 (Plantation) Birmingham Highway

Terminal Services: Tank Truck Loading / Unloading Product Blending Vapor / Incineration Pipeline Receipts

Laboratory Testing Additive Handling / Injection Additional Service Available

Montgomery, AL Terminal Terminal Address: 520 Hunter Loop Road Montgomery, AL 36108 Terminal Hours of Operation: 0500 – 1600 Monday – Friday

Pipeline Hours of Operations 24 hours a day and 7 day a week Terminal Manager: Jon Stubbs 334-269-2972

Moundville, AL Terminal

Moundville, AL Terminal

Terminal Parameters: Total Storage: Number of Tanks: Commodities Handled: Size:

310,00 barrels 6 Tanks Jet Fuel, and Jet Fuel Additives 40 Acres

Transportation Services: Pipeline Inbound: Roadway: Rail Line:

1 (Plantation) Highway 69 (15 miles South of Tuscaloosa) Possible NS Access

Terminal Services: Pipeline Receipts Tank Truck Loading / Unloading Additive Handling / Injection

Laboratory Testing Additional Service Available

Moundville, AL Terminal Terminal Address: 872 2nd Ave. Moundville, AL 35474 Hours of Operation: 0600-1600 Monday - Friday

Terminal Manager: David Tidmore 205-371-2250