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IPAA 2014 OGIS New York – Lucas Energy, Inc.

Lucas Energy, Inc. · Apr 9, 2014 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 1
    NYSEMKT: LEI
  2. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 2
    Company Overview Asset Footprint NYSE MKT listed Houston, TX based E&P Company Producing Horizon County Gonzales Areas of focus in South & East Texas Eagle Ford & Wilson Eagle Ford (oil window), Austin Chalk, Buda / Glen Rose Austin…
  3. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 3
    168.6mm PV10 total 2P reserves (100+ acre Eagle Ford spacing)1 Strong Reserve Base and 5,572 Mboe Total Proved Reserves: 5,131 Mbbls (92% Oil) 1 Offset Production 4.43 per share of Total Proved Reserve Value1 Strong offset production…
  4. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 4
    Company Overview 5
  5. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 5
    Transforming the Business Dec 14, 2012: Announces Appointment of New CEO and Director Dec 21, 2012: Announces Completion of 4 Million noncore Asset Sale Mar 29, 2013: Settles Lawsuit, Eliminating 24 Million in Related Obligations…
  6. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 6
    (1) Reserve Summary Oil Gas Total PV10 PV10 / PV10 / (2) (MBbls) (Mmcf) (Mboe) % Oil (mm) Diluted Sh BOE PDP 251 251 100% 12.6 0.42 50.0 PUD 4,880 2,643 5,320 92% 120.1 4.01 22.6 Total 5,131 2,643 5,572 92% 132.6 4.43 23.8…
  7. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 7
    Lucas Eagle Ford PUDs booked on 100+ acre spacing Aurora Oil & Gas EOG Resources Marathon Reporting 80 Acre Spacing going to 60s Penn Virginia Reporting 128 Acre Spacing going to 53s EOG Reporting 65 Acre Spacing going to 40s…
  8. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 8
    Eagle Ford and Austin Chalk Offset Producers: EOG, Marathon/Sanchez, Forest Oil, Hunt, and Penn Virginia Buda / Glen Rose Offset Producers: Sequitur (Navidad), Cubic, Burk Royalty, Treadstone Buda / Glen Rose Prime Eagle…
  9. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 9
    LEI Acreage 12,000 Net Austin Chalk acres 4,000 Net Eagle Ford acres Optimization of Frac techniques becoming more refined Potential to gain acreage through nonparticipation is high Positive results on trend continue to support…
  10. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 10
    Lucas Acreage 11
  11. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 11
    Detail of Offset Operators Gonzales County 12
  12. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 12
    LEI Acreage 1,000 Net Eaglebine, BudaGlen Rose Madison Majority of acreage is primary term leases with 12% heldby production Leon Majority (70%) of acreage is in one Leon large tract Company maintains all rights at all…
  13. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 13
    Markets Impact on Strategy Markets moving away from Microcaps; Midcaps access to more favorable debt financing, receive greater sellside analyst coverage trade with greater liquidity and higher per share multiples; LEI shift to a…
  14. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 14
    Strong Reserve Base of 132.6M in Proved PV10 with Significant Offset Production Well Positioned Acreage in Eagle Ford and Austin Chalk Plays Significant Drilling and Development Potential with Over 100 Proven Drilling…
  15. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 15
    Financial Overview 16
  16. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 16
    As of 12/31/2012 12/31/2013 Capitalization Actual Actual Coupon Maturity Significantly Cash and Cash Equivalents 0.7 1.5 reduced total Total Assets 64.0 42.0 debt as percent of Debt total capitalization Nordic Notes Payable 22.0…
  17. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 17
    Revenue & Expense Trends Commentary Over last twelve months, Lucas 7,000.0 trimmed its net loss by 41.2% Resolved outstanding litigation and 6,000.0 6,379 associated debt (cancellation of Nordic debt) 5,000.0 5,234 (36.2%)…
  18. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 18
    in thousands 9 Mos Ended 9 Mos Ended YOY Variance 12/31/2012 12/31/2013 % Net Operating Revenues 6,378.5 4,070.1 (36.2%) Operating Expenses Lease Operating Expenses 3,085.8 1,741.7 (43.6%) G&A 5,233.5 3,206.6 (38.7%) Other…
  19. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 19
    Appendix 20
  20. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 20
    Years of Experience Joined Lucas in 2012; previously spent three years as the interim CEO / CFO of Chroma Oil & Gas, a private equity backed E&P with operations in Tony Schnur Texas and Louisiana 20+ Years Previously served eight…
  21. IPAA 2014 OGIS New York – Lucas Energy, Inc. – slide 21
    Abbreviations Used in the Presentation: BOE Barrels of oil equivalent Mboe Thousand barrels of oil equivalent Mbbls Thousand barrels (of oil) Mcfe Thousand cubic feet equivalent (gas) PDP Proved Developed Producing reserves PUD Proved…

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