Accelerating GHS 100 Energy Conference Chicago, Il. June 2013 Accelerating 1
Strategy Accelerating 2013 Capital Allocation Explore in areas which can provide a material impact to oil reserves (38%) Appalachia Conv Shelf 31% 25% Invest in price advantaged, condensate rich gas basins (37%) Deepwater…
Strategic Results to Date Accelerating Proved Reserves 2012 Proved Reserves 2009 Conventional Shelf 18% Deep Water Marcellus 21% 44% Conventional Shelf 79% Deep Water 34% 69 mmboe 129 mmboe Oil/NGL - 48% Oil/NGL -…
3 Year Plan: Deep Water Accelerating Capital Allocation* 600 2013 Goals Range Capex Deliver Safety, Production and LOE targets 400 million Drill Amethyst exploration prospect 200 Progress Cardona development for 1Q15…
Deep Water Activity Ramping Up Accelerating Planned Rig Schedule 2013 2014 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q SGY Operated Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Amethyst Pompano…
Greater Pompano Amberjack Area Accelerating Legend Producing or HBP Primary Term 2013 2014 2015+ Carrick Current rate: 10,000 boe/d net 16 Exploitation well portfolio 17 Exploration well portfolio Over 50,000 bbl/d…
Cardona (MC 29) Accelerating Operator SGY 65% working interest Projected spud 1q 2014 Cardona 1st production 1q 2015 Expected initial well rates 6,000 boe/d P10/P90 range 18-2 mmboe gross potential DHC 54 million net Shale Salt…
Deep Water: Cardona Tieback System Accelerating Cardona Umbilical Flowline Flowline Well 4 SUTA Sand Detector Available Hub Future Well Sand Detector Long Term Operability for current and future assets Capability and…
Amethyst (MC 26) Accelerating Amethyst Super Tramp Water Depth: 1,200 Pompano Field Amethyst Salt Operator SGY Oil show Working interest 100% Oil show Mid Miocene structural objective Gas show Dry hole cost (DHC) 100…
3 Year Plan : Deep Water Exploration Wells Accelerating San Marcos Phinisi SGY 25%, APA operator SGY 20%, Eni operator 100 10 mmboe gross 260 24 mmboe gross Salt Possible spud August 2013 Possible spud 2014 Part of Shell Vito…
3 Year Plan ConocoPhillips JV Accelerating T w e n t y - O n e (SGY Pre JV WI 100%, Post WI 36%) Water depth 3,210 TVD 17,500 P10 128 MMboe gross P90 8 MMboe gross DHC 100 MM gross Carrick C a r r i c k (SGY WI n/a, Post WI…
3Year Plan: Deep Liquid Rich Gas Accelerating Capital Allocation* 80 Range Capex 2013 Goals 60 millions 40 Deliver Safety, Production and LOE targets 20 Drill and produce the third La Cantera well 0 Spud the La Montana…
LaCantera Analog Prospects Accelerating Lafayette South Erath S. Erath Deep Prospect SGY 16% WI Thunder Bayou Prospect Moss 1 SGY 35% WI La Cantera Weeks Bay La Cantera Discovery SGY 35% working interest La Cantera La…
3Year Plan: Appalachia Accelerating 2013 Goals Capital Allocation* 300 Range Deliver Safety, Production and LOE targets Capex Stay focused in liquids rich areas 200 million Maintain 1 horizontal rig program 100 Drill…
Appalachian Reserve Growth Accelerating Katie/Andie Moundsville Plant Christine 11,000 net acres 31,000 net acres Ft. Beeler Plant Ohio West Virginia Mary/Heather Sea Level 39,000 net acres Buddy 6,000 net acres 12 Gas…
3Year Plan: Conventional GOM Shelf Accelerating Capital Allocation* 200 Range Range Capex 2013 Goals 150 million 100 Deliver Safety, Production and LOE targets Drill 4-6 oil development wells 50 First well successful…
Balance Sheet Enables 3 Year Plan Accelerating Company Statistics High Liquidity* Market Capitalization 1.1 B Cash 260 MM Enterprise Value 1.8 B Undrawn Bank Facility 400 MM Trailing 12 Month EBITDA** 621 MM Revenue Hedged 1.05…
Summary Capital Allocation* Accelerating 1200 Range 1000 Capex 800 Near-Term Deep Water Exploration 600 400 Cardona Tie-Back Development Project 200 Pompano Platform Development Program 0 2011 2012 2013E 2014 E 2015 E…
Appendix EBITDA Reconciliation Accelerating 12 Months Ending 3/31/13 Net Income 139.2 Interest expense 34.3 Income taxes 79.2 DD&A 335.2 Accretion 33.3 EBITDA 621.2 (In Millions) 20 * EBITDA is defined as net earnings…