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2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc.

Panhandle Oil and Gas Inc. · Sep 19, 2012 · 40 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. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 1
    PHX LISTED NYSE
  2. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 2
    Panhandle Oil and Gas Inc. Profile Non-operating independent oil and gas company with current drilling projects in the Anadarko Basin Granite Wash and other western Oklahoma liquids rich gas and oil projects, Fayetteville Shale and…
  3. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 3
    Distinguishing Characteristics of PHX Mineral Ownership Minerals are perpetual Drilling on minerals generates better well economics Minerals have a lower inherent risk profile Low Cost Structure Extremely low cost basis in mineral…
  4. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 4
    UNIQUE Operational Strategy Use ownership of 254,500 mineral acres as base, legacy assets Have used mineral acreage ownership to participate with a working interest in the drilling of a significant number of wells Producing working…
  5. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 5
    UNIQUE Operational Strategy (continued) Majority of working interest drilling is on perpetually owned fee mineral acreage (minimal cost per acre, averages approximately 90 per acre) Large mineral acreage ownership position allows for…
  6. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 6
    Financial Highlights-Fiscal 2011 Year Ended September 30, 2011 2010 Revenue 44,976,651 51,938,416 Net income 8,493,912 11,419,690 Earnings per share 1.01 1.36 Net cash provided by operating 29,283,929 27,806,475 activities…
  7. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 7
    Financial Highlights Fiscal 2012 Condensed Balance Sheet June 30, 2012 Current assets 7,568,352 Property and equipment 277,028,368 Less accumulated DD&A (159,795,938) Net property and equipment 117,232,430 Other 1,824,839 Total…
  8. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 8
    Financial Highlights- First Nine Months 2012 Nine Months Ended June 30, 2012 2011 Revenue 37,490,935 32,567,424 Net income 7,188,375 5,849,531 Earnings per share .86 .70 Net cash provided by operating activities 20,987,279…
  9. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 9
    Financing 80 million credit facility with Oklahoma banks, maturity Nov. 30, 2014 Current outstanding balance on credit facility approximately 9 million Debt and cash used to finance acquisition of Fayetteville Shale assets in October…
  10. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 10
    Fiscal 2012 Nine Months Cost Structure 5.00 4.50 4.00 3.50 3.00 G&A, 0.61 /Mcfe 2.50 LOE/Prod Tax, 0.97 2.00 1.50 1.00 DD&A, 1.74 0.50 0.00 Oklahoma Investor Conference-September 19-20 2012 11
  11. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 11
    Asset Pyramid Non-proved undeveloped reserves on fee mineral Probable acres, Fayetteville Shale, Woodford Shales and Granite and Wash (superior economics due to royalty retention) Possible Reserves 5,600 producing wells, 59% of…
  12. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 12
    Panhandles Mineral Acreage Strategy Results Allowed the Company for many years to generate positive financial results, even during low natural gas price environment Ability to maximize return on Company assets through working…
  13. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 13
    PHX Stock Price History 40 35 30 25 20 15 10 5 0 01 02 03 04 05 06 07 08 09 10 11 .20 .20 .20 .20 .20 .20 .20 .20 .20 .20 .20 .31…
  14. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 14
    Operating Highlights Total U.S. mineral ownership of 254,500 acres Substantial advantage of mineral ownership Participation as a working interest owner on our mineral acreage generates superior economics. We retain our proportionate…
  15. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 15
    1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 500,000 0 1 2.3 1. 20 05 3 .31 .2 00 6 6 .30 .2 00 6 9 .30 .2 00 6 1 2.3 1. 20 06 3 .31 .2 00 7 6 .30 .2 00 7 9 .30 .2 00 7 1…
  16. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 16
    Mineral Holdings Significant Mineral Acreage Holdings 120 Net Acres (Thousands) 100 80 60 40 20 0 OK NM TX ND AR Leasehold Oklahoma Investor Conference-September 19-20 2012 17
  17. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 17
    Economic Impact of Participation with Mineral Interest Arkansas Fayetteville Shale 2 Finding Cost, /Mcfe Rate of Return,%(BTAX) 35 1.8 Assumptions: 61% Higher 29 % 30 1.6 PHX ownership - 1% W.I., 1% NRI 1.4 25 Typical…
  18. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 18
    Reserve Statistics 2011 and Mid-Year 2012 Exceptional Reserve Growth Record proved reserves at year-end 2011 Fiscal year-end 2011 proved reserves increased to 111.7 Bcfe A 7.7% increase over 2010 Fiscal mid-year 2012 proved reserves…
  19. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 19
    Year End 2011 SEC Proved Reserves Oklahoma Investor Conference-September 19-20 2012 20
  20. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 20
    Proved Reserve Growth Proved Developed Reserves Proved Undeveloped Reserves 120.0 100.0 44.6 Proved Reserves (Bcfe) 41.2 80.0 60.0 9.2 12.8 40.0 6.4 5.6 62.5 67.1 3.6 50.3 20.0 41.3 35.5 27.7 28.7 0.0 2005…
  21. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 21
    First Nine Months 2012 Reserves, Production and Revenue by Product Gas NGL Oil 100.0 6% 8% 10% 4% 13% 5% 33 % 80.0 41% 8% 60.0 90 % 87 % 40.0 59 % 20.0 0.0 Mid-Year First First 2012 SEC Nine-Months…
  22. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 22
    YE 2011 Proved, Probable and Possible Reserves Oklahoma Investor Conference-September 19-20 2012 23
  23. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 23
    Probable & Possible Undeveloped Reserve Growth Probable Possible 400.0 350.0 Proved/Possible Reserves, (Bcfe) 300.0 250.0 174.8 200.0 200.1 147.9 150.0 75.0 100.0 125.1 50.0 86.1 87.4 87.1 0.0 2008 2009 2010…
  24. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 24
    Acquisition Strategy and Activity Acquisition Strategy Focus on acquiring both un-leased and leased mineral acreage and HBP leasehold properties in economically depressed dry gas resource plays as well as appropriately priced…
  25. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 25
    Leasing Strategy and Activity Leasing Strategy (Leasing of PHX mineral holdings to active operators) Lease Company minerals in situations where it is clear that the value generated by the lease bonus and royalty will exceed the…
  26. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 26
    PHX Western Oklahoma Mineral Holdings Oklahoma Investor Conference-September 19-20 2012 27
  27. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 27
    Western Oklahoma Anadarko Basin Oklahoma Investor Conference-September 19-20 2012 28
  28. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 28
    Western Oklahoma and Texas Panhandle Net Acreage The currently active oil and liquids plays within the outlined area include the Granite Wash, Hogshooter, Cleveland and Marmaton 17,100 net mineral acres available for PHX…
  29. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 29
    Anadarko Basin Granite Wash Potential Play Extent 10,530 net PHX acres 3.4% average NRI in 355 sections Red outline is Current Development Area Yellow outline is Potential Play Extent Oklahoma Investor…
  30. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 30
    Anadarko Basin Cana Woodford Shale Oklahoma Investor Conference-September 19-20 2012 31
  31. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 31
    Anadarko Basin Cana Woodford Shale Diverse mineral ownership across initial play and expansion areas Interest (WI or RI) in 15% of all producing wells in the play PHX wells primarily operated by Devon and Cimarex Current production…
  32. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 32
    Anadarko Basin Woodford Shale Reserve Assessment Area 3,545 net PHX acres 45 PHX producing working interest wells w/3.3% average NRI 6 PHX producing royalty interest wells 2.5% average NRI in 135 sections 744…
  33. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 33
    Arkansas Fayetteville Shale Oklahoma Investor Conference-September 19-20 2012 34
  34. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 34
    Arkansas Fayetteville Shale Diverse mineral and leasehold ownership across the play Interest (WI or RI) in 21% of all producing wells in the play PHX wells primarily operated by Southwestern Energy Current production 10.5 Mmcfe per…
  35. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 35
    Arkansas Fayetteville Shale Current Development Area Current Development Area 10,473 net PHX acres 2.2% average NRI in 249 sections 369 PHX producing working interest wells 1,735 Undeveloped locations w/2.9% average NRI 454 PHX…
  36. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 36
    Southeastern Oklahoma Woodford Shale Oklahoma Investor Conference-September 19-20 2012 37
  37. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 37
    Southeastern Oklahoma Woodford Shale Diverse mineral ownership across the play Interest (WI or RI) in 18% of all producing wells in the play PHX wells primarily operated by Newfield, Devon, BP and PetroQuest Current production 6.2…
  38. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 38
    Southeastern Oklahoma Woodford Shale Current Development Area 6,518 net PHX acres 162 PHX producing working interest wells w/6.1% average NRI 54 PHX producing royalty interest wells 3.3% average NRI in 210 sections…
  39. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 39
    The Panhandle Oil and Gas Advantage Broadly diversified perpetual mineral holding Total US mineral ownership of 254,500 acres Large drilling inventory in three premier resource plays plus Oklahoma/Texas oil and liquids rich plays…
  40. 2ND ANNUAL OKLAHOMA INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 40
    PHX LISTED NYSE

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