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IPAA OGIS NEW YORK – Emerald Oil Inc

Emerald Oil Inc · Apr 20, 2015 · 13 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 OGIS NEW YORK – Emerald Oil Inc – slide 1
    Corporate Presenta,on April 2015 0
  2. IPAA OGIS NEW YORK – Emerald Oil Inc – slide 2
    Company Highlights 1 Oil-weighted Williston Basin operator with scalable opera,onal capability 122,000 net acres (98,000 or 80% operated) represents sizeable posi4on within heart of play Current drilling spacing units have upside…
  3. IPAA OGIS NEW YORK – Emerald Oil Inc – slide 3
    EOX Overview Summary Leasehold Posi,on Williston Basin Independent E&P company focused on Williston Basin and headquartered in Denver, Colorado 122,000 net acre posi4on in the core of the Williston Basin Iden4ed 890 net…
  4. IPAA OGIS NEW YORK – Emerald Oil Inc – slide 4
    Track Record of Produc,on Growth Signicant produc4on ramp up with 2015E average produc4on guidance of 4,200 - 4,500 boe/d Produc4on growth will accelerate in the near term with a focus on the operated drilling program to convert EOXs…
  5. IPAA OGIS NEW YORK – Emerald Oil Inc – slide 5
    Track Record of Reserves Growth Signicant increase in proved reserves through the 2014 scal year Increase primarily as a result of increased drilling ac4vity in our operated well program (1) Proved Reserves (Mmboe) 26.3…
  6. IPAA OGIS NEW YORK – Emerald Oil Inc – slide 6
    Reserves Summary Net Proved Resources as of 12/31/2014* Oil Gas Total PV-10 (1) Category (MBbls) (Mmcf) (Mboe) (mm) PDP 12,885 11,406 14,786 408 PDNP 309 264 353 10 PUD 9,632 9,399 11,199 117 Total proved 22,826 21,069 26,338…
  7. IPAA OGIS NEW YORK – Emerald Oil Inc – slide 7
    Average Well Prole Results Exceeding Expecta,ons Middle Bakken Type Curves(1) Three Forks Type Curves(1) Days On Produc,on Days On Produc,on Average of all Emerald Middle Bakken Average of all Emerald Three Forks wells…
  8. IPAA OGIS NEW YORK – Emerald Oil Inc – slide 8
    Acreage & Drilling Inventory Williston Basin Acreage Summary Acreage by State (Net Acres) Montana 7% 72,000 North 36,000 Dakota 8,000 93% 6,000 Total Acreage: 122,000 McKenzie (Low Rider) McKenzie (Lewis &…
  9. IPAA OGIS NEW YORK – Emerald Oil Inc – slide 9
    2015 Capex Plans 2015E Capital Plan 2015E(3) Capital Expenditures 2015E drilling budget of 62 - 81 million for 12-month period ( in millions) 4.0% ending 12/31/15 Land Budget 100% operated drilling ac4vity Expect to drill…
  10. IPAA OGIS NEW YORK – Emerald Oil Inc – slide 10
    Financial Strategy Preserve nancial strength and liquidity Emerald has 216 million of liquidity(1) Capital budget fully funded through 2015 Expect to be cash ow posi4ve in the second half of 2015 on the current variable one…
  11. IPAA OGIS NEW YORK – Emerald Oil Inc – slide 11
    2015 Guidance 2015 Guidance (1) Increase 2015 Guidance Range 2014 (Decrease) Low High Wells Drilled Operated 25.5 - 6.5 8.5 Produc,on (boe/d) Avg. Full Year 3,562 22% 4,200 4,500 Avg. Es,mate Well Cost ( millions)…
  12. IPAA OGIS NEW YORK – Emerald Oil Inc – slide 12
    Investment Highlights Summary 1 Oil-weighted Williston Basin operator with scalable opera,onal capability 2 Opportunity to gain pure-play Williston Basin exposure with a high growth rate 3 Accre,ve development program…
  13. IPAA OGIS NEW YORK – Emerald Oil Inc – slide 13
    Corporate Contact Informa,on Emerald Oil, Inc. Auditor 1600 Broadway BDO USA, LLP Suite 1360 Houston, Texas Denver, CO 80202 (303) 595-5600 Independent Petroleum Engineer Netherland, Sewell & Associates, Inc. Houston, Texas…

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