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IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd.

Lonestar Resources Ltd. · Apr 21, 2015 · 35 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 2015 NEW YORK – Lonestar Resources Ltd. – slide 1
    Lonestar Resources, Ltd. IPAA / OGIS Conference April, 2015
  2. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 2
    Company Profile Lonestar is a rapidly growing E&P company Share Price History focused on the Eagle Ford Shale 0.70 10.0 Drilling and acquisition capital concentrated in 0.60 8.0 the crude oil window of the Eagle Ford Shale 0.50…
  3. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 3
    Lonestars Footprint 1 BAKKEN THREE FORKS 35,000 net acres Resource Assessment 3D Seismic Complete 80 Conventional Prospects identified Intense Fracturing in Unconventional Targets CONVENTIONAL OIL & GAS Mature Producing…
  4. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 4
    Lonestars Track Record of Rapid Growth Net Acreage Eagle Ford Shale Trend Reserves (MMBOE)1 35,000 50 30,000 40 25,000 30 20,000 Engineered 15,000 20 10,000 10 5,000 0 0 Dec11 Dec12 Dec13 Dec14 Dec11 Dec12 Dec13 Dec14…
  5. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 5
    Management Team Background and Track Record
  6. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 6
    High Caliber Management Team Executive Previous Experience Biography Over 28 years experience in oil and gas finance Frank D. Bracken, III Previously Managing Director at Jefferies LLC, where he led 5 billion in oil and gas Chief…
  7. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 7
    High Caliber Management Team (Contd) Executive Previous Experience Biography Scott E. Sabatka Over 34 years US / international exploration and development experience, including in the Texas Gulf Coast, Permian, Williston, Powder…
  8. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 8
    Eagle Ford Shale Growth and Development Plan
  9. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 9
    WellPositioned In Low Price Environment Focused Operations In The Eagle Ford Shale +30,000 Net Acres in the Crude Oil Window That Allow For Sustained Drilling Activity 100% Operated, Allowing for Control of Timing and Quality of…
  10. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 10
    Lonestar Focused on Low Cost Basins 140 120 Breakeven WTI (/Boe; 22.5:1 Oil / Gas Ratio) 100 80 60 40 20 0 Source: ITG Investment Research 11
  11. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 11
    Lonestar Is Gaining Scale, Ratcheting Costs Lower 20.00 1.2 18.00 1.0 16.00 Lease Operating Expense Per BOE Lease Operating Expense (MM) 14.00 0.8 12.00 10.00 0.6 8.00 0.4 6.00 4.00 0.2 2.00 0.00 0.0 Apr14…
  12. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 12
    Revenue/BOE vs % Oil Production 65.00 60.00 LNREF 55.00 Revenue / BOE 50.00 45.00 40.00 35.00 30.00 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% % Oil Production Note: Revenue/BOE from 4Q14. Peer companies…
  13. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 13
    Production Cost/BOE vs % Oil Production 25.00 20.00 Production Costs / BOE 15.00 LNREF 10.00 5.00 0.00 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% % Oil Production Note: Production Cost /BOE from 4Q14. Peer…
  14. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 14
    Field Netback/BOE vs % Oil Production 55.00 50.00 LNREF 45.00 Field Netback / BOE 40.00 35.00 30.00 25.00 20.00 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% % Oil Production Note: Field Netback/BOE from 4Q14.…
  15. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 15
    Lonestars Leverage is Among Lowest of its Peers 12.0x 10.0x 8.0x Debt/NTM EBITDAX 6.0x Average 4.0x 2.0x 0.0x Peer 11 Peer 4 Peer 3 Peer 7 Peer 10 Peer 6 Peer 12 Peer 5 LNREF Peer 9 Peer 2 Peer 8 Peer 1…
  16. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 16
    Lonestars Hedges Are Among Highest of its Peers 90% Highly Hedged in 2016 80% 70% % of Oil Hedged 2015 60% Lonestar Highly Hedged in 2015 50% 40% 30% 20% 10% 0% 0% 10% 20% 30% 40% 50% % Of Oil Hedged…
  17. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 17
    2015 Guidance Average Daily Production Results & Guidance 2015 Eagle Ford Drilling Budget 74 to 83 million 15 gross / 13.5 net wells 6,500 6,000 Negligible spending on Conventional Assets, similar to 2014 5,500 Goal to…
  18. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 18
    Eagle Ford Shale Asset Overview
  19. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 19
    Portfolio Focused on the Eagle Ford Total Eagle Ford Engineered Acreage Net Acres 31,358 NonEngineered Acreage Gross Engineered Locations 143 Additional Locations 43 Avg. W.I. 92% Eastern Net Acres 1 10,730 Gross Engineered…
  20. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 20
    Lonestars Footprint Across The Eagle Ford Is Significant 14 12 10 Counties With Completion 8 6 4 2 0 21
  21. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 21
    Western Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 10,038 Engineered Acreage Net Leasehold 9,136 % HBP 91% NonEngineered Acreage Top EPS 6,000' to 8,000' Lateral Lengths 4,000' to 8,000' Assumed…
  22. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 22
    Western Region Burns Ranch Area Overview Gross Leasehold 3,697 Net Leasehold 2,905 % HBP 70% Top EPS 7,300' to 8,000' Assumed Spacing 500' WI% 79% NRI % 59% Engineered Locations Category Length PDP 0 5,000' 1 PUD 6 6,000' 2 PROB 18…
  23. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 23
    Western Region Beall Ranch Overview Gross Leasehold 2,390 Net Leasehold 2,335 % HBP 100% Top EPS 7,000' to 7,300' Assumed Spacing 500' WI% 98% NRI % 73% Engineered Locations Category Length PDP 18 5,000' 11 PUD 17 6,000' 5 PROB 0…
  24. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 24
    Central Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 11,978 Engineered Acreage Net Leasehold 11,492 % HBP 54% NonEngineered Acreage Top EPS 6,000' to 9,500' Southern Gonzales Lateral Lengths 5,000' to…
  25. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 25
    Central Region Southern Gonzales Overview Gross Leasehold 970 Net Leasehold 485 % HBP 100% Top EPS 8,700' to 9,500' Assumed Spacing 500'750' WI% 50% NRI % 38% Engineered Locations Category Length PDP 3 5,000' 0 PUD 3 6,000' 3 PROB…
  26. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 26
    Central Region Pirate Area Overview Gross Leasehold 7,528 Net Leasehold 7,528 % HBP 59% Top EPS 6,000' to 8,500' Assumed Spacing 750 WI% 100% NRI % 78% Engineered Locations Category Length PDP 8 5,000' 5 PUD 15 6,000' 19 PROB 21…
  27. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 27
    Eastern Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 12,078 1 Engineered Acreage Net Leasehold 10,730 NonEngineered Acreage % HBP 33% Top EPS 6,500' to 12,000' Lateral Lengths 4,000' to 8,000' Aguila…
  28. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 28
    Eastern Region Central Brazos Area Overview Gross Leasehold 2,328 Net Leasehold 1,948 % HBP 35% Top EPS 9,800' to 10,500' Assumed Spacing 750 WI% 68% NRI % 51% Engineered Locations Category Length PDP 0 5,000' 0 PUD 0 6,000' 0 PROB…
  29. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 29
    Conventional Assets Stability & Free Cash Flow
  30. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 30
    Conventional Assets 3.5 MMBOE Proved Reserves 1 79% Crude Oil 11% of Lonestars Total Proved Reserves 727 BOEPD 4Q14 Production North Texas 57% Crude Oil & NGLs 12% of Lonestars Total Production LongLived Reserves with Low Capital…
  31. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 31
    BakkenThree Forks Resource Assessment Moving Forward
  32. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 32
    West Poplar Project Williston Basin West Poplar Resource Assessment Greater Williston Basin Lonestar (65% WI) assembled 57,500+ gross acres in a contrarian move, across the Brockton Froid fault Horizontal Objectives Bakken, Three…
  33. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 33
    Appendix
  34. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 34
    Glossary 1P reserves means proved reserves. 2P reserves means proved plus probable reserves. bbl means barrel. boe means barrels of oil equivalent, determined using a ratio of 6 Mcf of natural gas to 1 bbl of condensate or crude oil…
  35. IPAA OGIS 2015 NEW YORK – Lonestar Resources Ltd. – slide 35
    EBITDA Assumptions EBITDA estimates are based on the following assumptions: Production estimates as set out in this presentation. The total number of planned wells at each asset is consistent with assumptions contained in the…

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