Jefferies 2013 Global Energy Conference – Contango Oil & Gas Co.

Contango Oil & Gas Co. · Nov 13, 2013 · 27 slides

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Slides

Enhancing Value. Expanding the Opportunity. COMPANY OVERVIEW NOVEMBER 13, 2013 Enhancing Value. Expanding the Opportunity. (NYSE Mkt: MCF)
CORPORATE OVERVIEW Exchange/Ticker: NYSE Mkt: MCF Share Price(1): 43.29 Market Capitalization(2): 824.6 million Enterprise Value: 928.4 million Combined Daily Production (Q3:13) (3) 112.3 Mmcfed Combined Proved PV-10 Value(3)…
CORE ASSET OVERVIEW Shallow GOM Colorado DJ Basin Onshore 5.7 Bcfe / 0.6 Mmcfed Tuscaloosa Marine Shale 0.4 Bcfe / 0.3 Mmcfed East Texas Vermilion 170 Haynesville / James Lime 3.8 Bcfe / 1.3 Mmcfed 20.4 Bcfe / 9.6…
DIVERSIFIED ASSET PROFILE Reserves / Production Upside Potential 60% shallow water GOM GOM 7 prospects 172 Bcfe potential Strong cash flow; high impact 75% gas; 25% liquids 40% onshore resource plays 412 MM PV-10 Low risk,…
GROWTH POTENTIAL SUMMARY PV-10 3,500 123 135 3,391 3,000 412 2,500 557 PV-10 MM (1) 2,000 1,226 1,500 2.5 Bn PV-10 of Unproved Potential 1,000 938 500 0 (4) Proved Reserves Madison / STX - Eagle Ford GoM (2)…
HIGH IMPACT CASH FLOW TO FUND LOW RISK GROWTH OBJECTIVES SHALLOW GULF OF MEXICO Enhancing Value. Expanding the Opportunity. (NYSE Mkt: MCF)
OFFSHORE ASSET OVERVIEW Proved Reserves at 9/30/2013(1) Q3 2013 Average Daily Production Category Bcfe PV-10 (MM) Commodity (Q3 2013) PD 178.2 517.0 Natural Gas MMcf/d) 56.4 Oil and condensate (Mbbl/d) 0.9 PUD 5.5 35.3 NGL…
EUGENE ISLAND 11 Eugene Island 11 Platform Platform Overview Company-owned and operated 10 producing wells companion platform and two pipelines to access alternate markets Net reserves of 161.1 Bcfe 98% PD 80% natural gas 54%…
VERMILION 170 Vermilion 170 Platform Platform Overview Company-owned and operated Single well structure Net reserves of 20.4 Bcfe 100% PD 74% natural gas 7% of total proved reserves Net production of 9.6 Mmcfe/d (3Q:13) 76%…
GOM PROSPECT INVENTORY Highlights LOUISIANA COAST East Cameron 124 7 existing drill-ready shallow-water prospects Ave. EUR Gas: 18.5 Bcf Eugene Island 23 Ave. EUR Oil: 1 MMBbls Eugene Island 31 Well Costs: Ave. DHC: 16 MM…
LOW RISK, REPEATABLE LONG TERM GROWTH DRIVER ONSHORE RESOURCE ASSETS Enhancing Value. Expanding the Opportunity. (NYSE Mkt: MCF)
ONSHORE ASSET OVERVIEW Colorado & Other Louisiana and Mississippi 5.7 Bcfe Proved Reserves 0.4 Bcfe Proved Reserves 0.6 MMcfe/d Avg. Daily Production 0.3 MMcfe/d Avg. Daily Production Upside: Niobrara Upside: Tuscaloosa Marine…
ONSHORE RESOURCE OPPORTUNITIES Delineation of Buda underway De-risking of Chalktown and James Lime underway Unproved Onshore Resource Potential Locations MMBoe NPV 10% (MM) % Liquids First Tier Opportunities Force 24 6 171…
MADISON AND GRIMES INDUSTRY OVERVIEW Vertical Woodbine HK Pay Zones Leon Producers ECA HK Eocene Contango acreage Wilcox Cubic Silver Oak Midway Austin Robertson Samson Navidad Chalk Sub Cville ENEXP Woodbine…
CONTANGO'S WOODBINE EXPOSURE MADISON/GRIMES COUNTY Highlights MCF Crow A1H MCF Vick B 1H MCF Grace Hall C 1H IP: 1,110 Boe/d Drilling Lateral IP: 989 Boe/d Madison 19,000 net acres County MCF Grace Hall 1H IP: 665 Boe/d MCF…
GEORGETOW N/EAGLE FORD/GLEN ROSE/BUDA FORMATIONS MADISON/GRIMES COUNTY Georgetown and Glen Rose wells HOUSTON LEON New Georgetown/Buda well Pay Zones New Eagle Ford well EOG Donaho 1H IP: 179 BO/d + 101 MCF/d Contango…
STX BUDA OVERVIEW ZAVALA/DIMMIT COUNTY Highlights Tex Amer 1H Buchanan Zavala MCF Beeler 5H 756 BO/d + 556 MCF/d Drilling MCF Beeler 3H 90 MBOe 5 Mos 5,700 net acres 1,156 BO/d + 625 MCF/d 34 MBOe 45 Days Booth-Tortuga Area…
STX EAGLE FORD OVERVIEW Highlights Contango (50% WI) Contango (57% WI) 8,600 net acres KM /Beeler Ranch Avg IP: 433 Boepd LPM and Glasscock Avg IP : 981 Boepd WILSON (3 wells) (9 wells) DE WITT 90% HBP EOG Zavala/Dimmit:…
EAGLE FORD LITTLEPAGE-MCBRIDE/GLASSCOCK; 1,224 MBOE PRODUCED SINCE 4/2011 EOG Estes Unit EOG Lyssy Unit EOG Horse Thief Unit Contango Glasscock IP & Cum 8/13 Avg. IP Rate 706 Boe/d (2 wells) Cum Prod = 181 MBOe EOG Orr Unit 2H…
JAMES LIME OVERVIEW SAN AUGUSTINE/SABINE COUNTIES 9) DVN Williams Chumley Highlights 2H 6) DVN Skillern 3H 2,013 MCF/d + 165 BO/d 3,356 MCF/d + 350 BO/d 8) DVN Griffin 3H 3) DVN Kardell 2H 3,260 MCF/d + 447 BO/d 4,800 net acres…
5 N 6 E 23 24 19 20 21 CONCORDIA 5 N 7 E 22 23 24 19 20 21 5 N 8 E 22 23 24 59 60 27 28 5 N 9 E 29 30 31 32 61 27 25 29 28 25 28 26 30 27 26 29 33 26 34 TUSCALOOSA MARINE SHALE 30…
BALANCE SHEET STRENGTH SUPPORTS GROWTH OBJECTIVES FUNDING THE FUTURE Enhancing Value. Expanding the Opportunity. (NYSE Mkt: MCF)
LIQUIDITY Strong Pro Forma Balance Sheet Contango As Adjusted in millions (10/1/13) (1) Balance Sheet Data: Cash 10 Senior Debt 110 Second Lien Debt - Stockholders Equity 584 Total Capitalization 694 Credit…
2014 CAPITAL PROGRAM Development Strategy Fund exploration and development with cash flow Focus on liquids-rich onshore resource plays Complementary potentially high-impact GoM prospects Advantage of being substantially held by…
INVESTMENT HIGHLIGHTS Attractive asset base 50.1 Mmboe (300.4 Bcfe) of proved reserves(1) 3.5 x unproved reserve potential Operational control 80% Near term catalysts Horizontal Woodbine/Lewisville/Georgetown Buda and Eagle Ford…
MANAGEMENT Current Position and Past Experience President, Chief Executive Officer and Director President/CEO, Crimson Exploration Inc. (since 2005) Allan D. Keel VP / GM, Westport Resources President / COO, Mariner Energy &…
Enhancing Value. Expanding the Opportunity. (NYSE Mkt: MCF)

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