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SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc.

Panhandle Oil and Gas Inc. · Nov 20, 2013 · 39 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. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 1
    PHX LISTED NYSE
  2. SOUTHWEST IDEAS 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 liquids rich gas and oil projects, Fayetteville Shale and in three Oklahoma Woodford Shale Plays…
  3. SOUTHWEST IDEAS 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. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 4
    UNIQUE Operational Strategy Use ownership of 255,000 mineral acres as base Have used mineral acreage ownership to participate with a working interest in the drilling of a significant number of wells Producing working interest in…
  5. SOUTHWEST IDEAS 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…
  6. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 6
    Financial Highlights - Fiscal 2012 Year Ended September 30, 2012 2011 Revenue 48,532,317 44,976,651 Net income 7,370,996 8,493,912 Earnings per share .88 1.01 Net cash provided by operating activities (not including lease…
  7. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 7
    Financial Highlights - Fiscal 2013 Condensed Balance Sheet June 30, 2012 Current assets 15,232,660 Property and equipment 307,349,606 Less accumulated DD&A (181,919,478) Net property and equipment 125,430,128 Other 2,133,385 Total…
  8. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 8
    Financial Highlights Nine Months Ended June 30, 2013 Nine Months Ended June 30, 2013 2012 Oil, NGL and net gas sales 42,686,935 29,748,884 Total revenue 44,492,866 37,490,935 Net income 8,240,953 7,188,375 Earnings per share .99…
  9. SOUTHWEST IDEAS 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 5 million 35 million borrowing base Hedging Summary Period Volume/Month Costless Collars…
  10. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 10
    Fiscal 2013 First Nine Months Cost Structure 5.00 Average Sales Price per Mcfe, 4.50 4.00 1.08/Mcfe Margin /Mcfe G&A, 0.54 3.00 LOE/Prod Tax, 1.08 2.00 1.00 DD&A, 1.80 0.00 11 The Southwest IDEAS Investor…
  11. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 11
    Asset Pyramid Non-proved undeveloped reserves on fee mineral acres, Probable Fayetteville Shale, Woodford Shales and Granite Wash and (superior economics due to royalty retention) Possible Reserves 6,105 producing wells, 60% of…
  12. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 12
    Panhandles Mineral Acreage Strategy Results Allows the Company to generate positive financial results, even during low natural gas price environment Ability to maximize return on Company assets through working interest participation…
  13. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 13
    Operating Highlights Rate of Return/Value Creation driven investment philosophy Oil focused 2013 capital commitments Western Oklahoma/Texas Panhandle oil 52% Southern Oklahoma Woodford oil 11% Permian Basin oil 7% Bakken oil 4%…
  14. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 14
    Quarterly Oil Production BARRELS OIL 60,000 50,000 40,000 30,000 20,000 10,000 0 1 1 1 2 2 2 3 3 0 1 2 01 01 01 01 01 01 01 01…
  15. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 15
    MCFE 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 500,000 0 12. 31. 200 3.3 5 1. 2 006 6.3 0. 2 006 9.3 0. 2 006 12. 31. 200 3.3 6 1. 2 007 6.3 0. 2 007 9.3 0. 2 007…
  16. SOUTHWEST IDEAS 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 17 The Southwest IDEAS Investor Conference Dallas, TX - November 20, 2013
  17. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 17
    Economic Impact of Participation with Mineral Interest Fayetteville Shale Finding Cost, /Mcfe Rate of Return, %(BTAX) 35 1.4 Assumptions: 30 59% Higher 1.2 27% PHX ownership - 1% W.I., 1% NRI 1.11 19% Lower 25 Typical ownership…
  18. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 18
    Reserve Statistics Exceptional Reserve Growth Proved reserves at Year-End 2013 Proved reserves increased to 151.8 Bcfe SEC Flat Pricing PV10 - 176.5 million (3.33/Mcf, 89.06/Bo & 27.28/Bngl wellhead) NYMEX Futures Pricing PV10 -…
  19. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 19
    Proved Reserve Growth Proved Developed Reserves Proved Undeveloped Reserves 160.0 140.0 58.7 120.0 Proved Reserves (Bcfe) 100.0 50.9 44.6 41.2 80.0 60.0 9.2 12.8 93.1 40.0 6.4 73.8 5.6 62.5 67.1 3.6 50.3 20.0…
  20. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 20
    Year-End 2013 Reserves and Third Quarter 2013 Production and Revenue by Product Gas NGL Oil 100 7% 10% 13% 15% 6% 5% 35% 31% 80 4% 60 87% 85% 40 65% 20 0 Year-End Third Quarter Third Quarter 2013 2013 2013…
  21. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 21
    Probable & Possible Undeveloped Reserve Growth Probable Possible 400.0 350.0 300.0 Proved/Possible Reserves, (Bcfe) 185.6 250.0 160.9 174.8 200.0 200.1 147.9 150.0 75.0 100.0 187.5 156.5 125.1 50.0 87.4 87.1…
  22. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 22
    PHX Western Oklahoma Mineral Holdings 23 The Southwest IDEAS Investor Conference Dallas, TX - November 20, 2013
  23. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 23
    Western Oklahoma Anadarko Basin 24 The Southwest IDEAS Investor Conference Dallas, TX - November 20, 2013
  24. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 24
    PHX Drilling Activity in Western Oklahoma and the Texas Panhandle Ellis County Hemphill County Marmaton Cleveland Cleveland Roger Mills County Marmaton Cleveland Beckham County Hogshooter Granite Wash 25 The…
  25. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 25
    Anadarko & Ardmore Basin Woodford Shale's 26 The Southwest IDEAS Investor Conference Dallas, TX - November 20, 2013
  26. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 26
    Anadarko Basin Woodford Shale Diverse mineral ownership across initial play and expansion areas Interest (WI or RI) in 13% of all producing wells in the play PHX wells primarily operated by Devon and Cimarex Current production…
  27. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 27
    Anadarko Basin Woodford Shale Reserve Assessment Area 4,833 net PHX acres 74 PHX producing working interest wells w/3.1% average NRI 26 PHX producing royalty interest wells 2.8% average NRI in 463 undeveloped WI locations…
  28. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 28
    Anadarko Basin Cana Woodford Shale Core Red outline is Core Development Area 29 The Southwest IDEAS Investor Conference Dallas, TX - November 20, 2013
  29. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 29
    Southern Anadarko Basin and Ardmore Basin Woodford 30 The Southwest IDEAS Investor Conference Dallas, TX - November 20, 2013
  30. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 30
    Arkansas Fayetteville Shale 31 The Southwest IDEAS Investor Conference Dallas, TX - November 20, 2013
  31. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 31
    Arkansas Fayetteville Shale Diverse mineral and leasehold ownership across the play Interest (WI or RI) in 24% of all producing wells in the play PHX wells primarily operated by Southwestern Energy Current production 13.8 Mmcfe per…
  32. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 32
    Arkansas Fayetteville Shale Current Development Area Current Development Area 11,045 net PHX acres 4.6% average NRI in 892 undeveloped WI locations 549 PHX producing working interest wells 1,176 additional undeveloped RI locations…
  33. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 33
    The Panhandle Oil and Gas Advantage Broadly diversified perpetual mineral holding Total US mineral ownership of 255,000 acres with geographic and product diversity Substantial advantage in capital efficiency due to mineral…
  34. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 34
    Southeastern Oklahoma Woodford Shale 35 The Southwest IDEAS Investor Conference Dallas, TX - November 20, 2013
  35. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 35
    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 4.8…
  36. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 36
    Southeastern Oklahoma Woodford Shale Current Development Area 7,037 net PHX acres 168 PHX producing working interest wells w/6.2% average NRI 81 PHX producing royalty interest wells 5.3% average NRI in 766 undeveloped WI…
  37. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 37
    Year-End 2013 SEC Proved Reserves SEC Proved Reserves by Reserve Category PDNP 2.1 Bcfe 1.4% PUD 58.7 Bcfe PDP 38.7% 91.0 Bcfe 59.9% 151.8 Bcfe 38 The Southwest IDEAS Investor Conference Dallas, TX - November 20,…
  38. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 38
    Year-End 2013 Proved, Probable and Possible Reserves Proved, Probable and Possible Proved, Probable and Possible Reserves by Reserve Category Reserves by Field All Other Western Fields Oklahoma, 23.6 Bcfe Texas 4.5% Panhandle…
  39. SOUTHWEST IDEAS INVESTOR CONFERENCE – Panhandle Oil and Gas Inc. – slide 39
    PHX LISTED NYSE

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