EPL Company Profile EnerComs 2011 Oil & Gas Conference Denver, CO August 2011 NYSE: EPL EnerComs 2011 Oil & Gas Conference August 2011
Agenda Company Profile Shallow Water GOM Focus Asset Overview Oily pro forma asset base Significant Oil - Upside Prolific areas with upside potential Weighted Potential Extensive 3-D Seismic Library, new reprocessed data &…
Company Profile Pro Forma Asset Base: Focus Areas A leading E&P company focused on the GOM shelf Assets concentrated in shallow water offshore Louisiana Poised to maximize organic growth and opportunistically consolidate Gulf of…
Oily Pro Forma EPL Assets Pre-Tax PV-10 (1) Pro forma reserves for ASOP acquisition of 35.5 MMBoe at 1,500 December 31, 2010 68% oil, 89% proved developed 82 327 1,000 892 245 MM Pre-tax PV-10 of 892 million using current…
Prolific Focus Areas with Upside Potential Focus Areas - Proved R/P (yrs) East Bay Area East Bay Sixth largest field in the GOM shelf Main Pass Area South Pass Area Cumulative production of over 900 MMBoe Greater Bay Marchand Very…
Extensive Reprocessed 3-D to Unlock Potential Extensive library of seismic and well data Valuable for evaluating exploitation, exploration and acquisition opportunities 11,700 sq. miles (1,500 blocks) of 3-D and 1,000 sq. miles of…
Continuing Acquisition Strategy to Grow Reserve Growth & Value Creation The EPL teams skill set of low cost operations, geologic knowledge and P&A expertise provide an ideal platform for growth Acquisition Checklist In focus area…
Progress Report on Our Oil-Weighted Acquisition Integration is complete Increased Production Since Ownership (1) 4,000 Update: 15% LOE savings to date in the WD complex through logistics, personnel, and contract services 3,500 Gas…
Substantial Organic Growth Opportunities GOM Shelf Prospect Inventory with Multiple Targets 12 Newly Identified Oil Targets in West Delta Area 24 Gas & Oil Prospects on Developed and Undeveloped Acreage East Bay Deep Potential West…
Conservative Balance Sheet and Ample Liquidity Dedicated to maintaining financial discipline Low Net Debt / Proved Boe Fund development and exploration program out of free cash flow Supplement organic growth with accretive…
Efficient Spending Well Under Cash Flow Prudent capital allocation Reserve and Production Growth Diversified program of exploitation, exploration and acquisitions to address cash flow and growth Exploitation Growth All projects…
Attractive Valuation and Poised to Grow Peer leading economics Peer Group Comparisons (1) High margins due to oily asset base % Oil (1P) Reserve Life (yrs) Net Debt / Boe (2) Crude oil receives LLS/HLS advantage 68% 9 7.61 Aided by…
Conclusion Shallow Water GOM Focus Oil-Weighted Significant Upside Assets Potential Operating Experienced Control Team NYSE: EPL EnerComs 2011 Oil & Gas Conference August 2011 14
Appendix NYSE: EPL EnerComs 2011 Oil & Gas Conference August 2011 15
Company Information Gary Hanna Website: eplweb.com President & CEO, NYSE: EPL 40 Million shares outstanding Director Principal Corporate Office T.J. Thom 201 St. Charles Ave. Senior Vice President, Suite 3400 CFO New Orleans, LA…
Definitions Boe Barrels of oil equivalent MMBoe Million barrels of oil equivalent MBoe Thousand barrels of oil equivalent Mmcf Million cubic feet P&A Plug & Abandonment GOM Gulf of Mexico PF Pro Forma PDP Proved Developed…
2011 Guidance ESTIMATED EBITDAX RANGES (1) 2011 EBITDAX Estimates Using the Production Guidance and Various Realized Prices Full Year 2011 Production Rate 8000 Bopd/13 Mmcf/d 8500 Bopd/15.5 Mmcf/d 9000 Bopd/18 Mmcf/d Realized…
Strong Management Team Flat & Nimble Organization with a Highly Experienced Professional Team Gary Hanna President & CEO John Peper David Cedro T. J. Thom Mac Jensen EVP, SVP, SVP, Andre Broussard Chad Williams SVP, General…
Prudent Risk Mitigation Oil hedging covering 2011 thru 2013 EPL Hedged Volumes as of March 2011 EPLs hedging program 5,000 Provides protection against downward commodity price 4,500 4,000 movements 3,500 Maintains upside…
Ultra-Deep Shelf Fairway The Ultra-Deep play concept is to test Ultra-Deep Conceptual Depositional Fairway the Miocene and older sections (e.g. Wilcox) on the Shelf as seen in Davy Jones deepwater discoveries by other industry…
201 St. Charles Avenue, Suite 3400 New Orleans, Louisiana 70170 (504) 569-1875 www.eplweb.com NYSE: EPL EnerComs 2011 Oil & Gas Conference August 2011