Aggressively A i l Building B ildi the th Premier Intermediate Light Oil Producer February 2011
Aggressive Growth + Positioning July J l 15, 15 2009 - Recapitalized R it li d Glamis Gl i Resources R Ltd. Ltd New Board and Management team Changed name to Legacy Oil + Gas Inc., moved to TSX (ticker: LEG) and simplified share…
Light Oil Drives Sustainable Growth + Insulates Business Plan Strong Cash Flow Short Payouts Aggressive Growth from Cash Flow Weather Oil Price Volatility Low Economic Threshold Capex Strong High Net Balance Back Sheet…
Management Team + Board of Directors Direct experience in founding, growing and crystallizing value in oil and natural gas companies Management Team Trent Yanko, P.Eng. Matt Janisch, P.Eng. Curt Labelle, P.Eng. President + CEO,…
Legacy Management Objectives Cost-effective, per share growth in reserves, production and cash flow Acquire and exploit high quality, long life, light oil and natural gas reserves Explore for technology-driven resource play…
Spearfish Asset Acquisition On February 1, 2011, announced the acquisition of producing assets in the Spearfish light oil resource play in Pierson, Manitoba Acquiring 800 Bbl/d (2010 exit) of 36o API light oil (1) Proved plus…
Spearfish Light Oil Resource Play Spearfish fairway R29 R28 R27 R26 R25 R24 R23 R22W1M PIERSON T3 between Waskada and OOIP 130MMSTB Pierson 40,924 gross (35,749 net) PLANNED Q1 UPDIP LIMIT OF 3-D SEISMIC SPEARFISH FAIRWAY…
Focused + Light Oil Asset Base SOUTHWEST ALBERTA WILLISTON BASIN
Corporate Profile (Proforma Equity Issue) (1) TSX Trading Symbol LEG Common Shares 141.8 million Warrants 4.1 million Options 11.6 million Insiders own Basic 3.1% Fully Diluted 8.6% Equity Value 2.2 billion Average Liquidity…
SW Alberta Focused + Light Oil Asset Base R7 R2W5M R26W4M T26 Focused, light oil, large OOIP and MOOSE MOUNTAIN CALGARY reserves, high netback, low decline STRATHMORE FARM-IN Main producing asset is Turner Valley T21 Field with…
Turner Valley, Alberta R4 R3 R2W5M o 40 API lilight ht oil, il liliquids-rich id i h solution l ti and d UNIT 6 T21 non-associated natural gas 5.1% Operated high working interests, with extensive infrastructure, batteries and…
Turner Valley Uphole Potential R3 R2W5M CARDIUM Multiple uphole natural gas and oil zones PROD: 19MBbl Mostly sweet gas and oil Predominantly 100% WI Cardium potential untested over field area T20 Vertical oil well 3 km west of…
Turner Valley Cardium Potential PEMBINA CAROLINE LOCHEND TURNER VALLEY 00/11-19-047-02W5/0 00/14-21-034-04W5/3 00/06-21-026-03W5/0 00/02-26-019-03W5/0 A A KB: 897.2 m RR: 1990-12-11 KB: 1054.2 m RR: 1991-07-02 KB: 1284.9 m RR:…
Southern Alberta Bakken Play R25 R20W4M CRESCENT POINT, NEXEN DRILLING Alberta Bakken Play ACTIVITY 33 wells licensed and/or drilled from late T10 2009 on 100 mile long play fairway Competitors include Crescent Point, Shell,…
Strathmore Farm-in Lands R28 R25 R22W4M Multi-zone oil and natural gas area T27 S Sparsely l drilled d ill d compared d to offsetting ff i lands 500 section farm-in; option on 250 additional sections T25 Rights below…
Williston Basin - Focused + Light Oil Asset Base Dominant position in key SOUTHEAST SASKATCHEWAN resource plays in SASKATCHEWAN MANITOBA Taylorton and Frys/Antler Strategic position in STOUGHTON/ Alameda and Steelman…
Bakken Torquay Light Oil Resource Plays R9 R5 R1W2M R30W1M Three distinct light oil T13 resource pplayy areas Viewfield (Stoughton/ STOUGHTON/HEWARD Heward/Star Valley) FRYS/ANTLER STAR VALLEY - Bakken Taylorton - Canada and…
Taylorton, Saskatchewan - Bakken Legacy 3-D Seismic R6 R5W2M Land Bakken Penetration Canada: 28,116 gross BP GAS AND NGL TIE-IN T2 acres; 22,000 net acres (avg. WI 77.3%) U.S: 4,040 gross acres; SASKATCHEWAN 1,010 net acres (avg.…
Stoughton/Heward, Saskatchewan - Bakken R10 R9 R8W2M Operated, high working interest 114 gross (64 net) development horizontal T10 locations Development to four wells per section Step-out drilling Improved performance from…
Frys/Antler, Saskatchewan Torquay/Souris Valley R31 R29W1M R30 Torquay Significant light oil (40o API) resource GLJ estimates ti t ffrom mapping i T9 show a gross lease resource of 91.9 MMSTB of discovered PIIP (1) Majority…
Mississippian Light Oil Conventional Plays R13 R9 R5 R1W2M R30W1M Several key focus areas for light oil (35-40o API) T13 Key zones: Souris Valley, Tilston, PARKMAN Alida, Frobisher, Midale FROBISHER T9 All areas well defined…
North Dakota - Spearfish Light Oil Resource Play Southern extension of Spearfish R26 R25 R24 R23 R22W1M play from Manitoba (EOG, ARC, WASKADA (EOG & PENNWEST) T2 PennWest) into Bottineau County, OOIP 200 MMSTB MANITOBA North Dakota…
Maxhamish, BC Chinkeh Light Oil Resource Play Operated 61.5% WI in 69,440 acres of contiguous land Chinkeh Formation 40o API light PROPOSED sweet oil resource play BATTERY SITE 1,600 m depth LEGACY HORIZONTAL WELLS Aerially…
The Right Team + The Right Assets + The Right Time Experienced management team with a proven record of aggressively growing oil and natural gas companies on a cost-effective per share basis Highly focused, light oil production and…
TSX: LEG Independent Reserve Engineers Sproule Associates Limited Bank Syndicate BMO Capital Markets Contact Information National Bank The Bank of Nova Scotia 3900, Bow Valley Square II ATB Financial 205 5th Avenue SW Calgary,…
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