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ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc.

Panhandle Oil and Gas Inc. · Aug 14, 2011 · 36 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. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 1
    NYSE: PHX ENERCOM The 2011 Oil & Gas Conference August 14-18, 2011 Denver, Colorado
  2. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 2
    Distinguishing Characteristics of PHX Mineral Ownership Minerals are perpetual Minerals generate better well economics Minerals have a lower inherent risk profile Long Term Dividend Payment History No Shareholder Dilution No Debt…
  3. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 3
    Panhandle Oil and Gas Inc. Profile Non-operating independent oil and gas company with current drilling projects in two Woodford Shales, Fayetteville Shale, Anadarko Basin Granite Wash and other western Oklahoma liquids rich gas and…
  4. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 4
    UNIQUE Operational Strategy Use ownership of 255,700 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. ENERCOMS OIL AND GAS 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 70 per acre) Large mineral acreage ownership position allows for diversity in…
  6. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 6
    Financial Highlights-Fiscal 2010 Year Ended September 30, 2010 2009 Revenue 51,938,416 37,272,614 Net income (loss) 11,419,690 (2,405,021) Earnings (loss) per share 1.36 (.29) Net cash provided by operating activities 27,806,475…
  7. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 7
    Financial Highlights - Nine Months 2011 Condensed Balance Sheet June 30, 2011 Current assets 15,567,043 Property and equipment 234,005,117 Less accumulated DD&A (142,590,914) Net property and equipment 91,414,203 Other 1,840,136…
  8. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 8
    Financial Highlights Nine Months 2011 Nine Months Ended June 30, 2011 2010 Revenue 32,567,424 39,640,106 Net income (loss) 5,849,531 8,383,244 Earnings (loss) per share .70 1.00 Net cash provided by operating activities 20,841,594…
  9. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 9
    Financing 80 million credit facility with Oklahoma banks, maturity November 30, 2014 Current outstanding balance on credit facility; 0 Paid off debt with cash flow (no equity issuance) 35 million borrowing base Natural Gas Swaps…
  10. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 10
    Nine Month 2011 Actual Cost Structure 5.00 4.50 4.00 3.50 G&A, 0.70 3.00 /Mcfe 2.50 LOE/Prod Tax, 1.16 2.00 1.50 1.00 DD&A, 1.66 0.50 0.00 EnerCom's Oil & Gas Conference, August 14-18, 2011 Denver, CO 11
  11. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 11
    Asset Pyramid Fee Perpetually owned 198,000 open acres, Mineral 56,000 producing or leased acres Acreage Resource/ Non-proved undeveloped reserves on fee Shale Play mineral acres, Fayetteville Shale, Woodford Probable and…
  12. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 12
    PHX Stock Price History 40 35 30 25 20 15 10 5 0 00 01 02 03 04 05 06 07 08 09 10 .20 .20 .20 .20 .20 .20 .20 .20 .20 .20 .20…
  13. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 13
    Operating Highlights Total U.S. mineral ownership of 255,700 acres Superior investment economics Participation as a working interest owner on our mineral acreage generates superior economics. We retain our proportionate share of…
  14. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 14
    0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 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 2.3 1.…
  15. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 15
    Mineral Holdings Significant Mineral Acreage Holdings 120 Net Acres (Thousands) 100 80 60 40 20 0 OK NM TX ND AR Leasehold EnerCom's Oil & Gas Conference, August 14-18, 2011 Denver, CO 16
  16. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 16
    Economic Impact of Participation with Mineral Interest Finding Cost, /Mcfe Rate of Return,% (BTAX) Arkansas Fayetteville Shale 2 30 1.8 Assumptions: 60% Higher 24% 25 1.6 1.54 19% Lower PHX ownership - 1% W.I., 1% NRI 1.4 1.25…
  17. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 17
    Reserve Statistics 2010 Exceptional Reserve Growth Record proved reserves at year-end 2010 Fiscal year-end 2010 proved reserves increased to 103.7 Bcfe A 74% increase over 2009 Record 3P (proved, probable and possible) reserves at…
  18. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 18
    Year End 2010 SEC Proved Reserves EnerCom's Oil & Gas Conference, August 14-18, 2011 Denver, CO 19
  19. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 19
    YE 2010 Proved, Probable and Possible Reserves EnerCom's Oil & Gas Conference, August 14-18, 2011 Denver, CO 20
  20. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 20
    Proved Reserve Growth Proved Developed Reserves Proved Undeveloped Reserves 120.0 100.0 41.2 Proved Reserves (Bcfe) 80.0 60.0 9.2 12.8 40.0 6.4 3.6 5.6 62.5 50.3 20.0 41.3 35.5 27.7 28.7 0.0 2005 2006 2007…
  21. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 21
    Probable & Possible Undeveloped Reserve Growth Probable Possible 400.0 350.0 Proved/Possible Reserves, (Bcfe) 300.0 250.0 200.0 200.1 147.9 150.0 75.0 100.0 50.0 86.1 87.4 87.1 0.0 2008 2009 2010…
  22. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 22
    Southeastern Oklahoma Woodford Shale EnerCom's Oil & Gas Conference, August 14-18, 2011 Denver, CO 23
  23. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 23
    Southeastern Oklahoma Woodford Shale Diverse mineral ownership across the play Interest (WI or RI) in 22% of all producing wells in the play PHX wells primarily operated by Newfield, Devon and BP Current production 6.8 Mmcfe per day…
  24. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 24
    Southeastern Oklahoma Woodford Shale Current Development Area 6,518 net PHX acres 154 PHX producing working interest wells w/6.1% average NRI 53 PHX producing royalty interest wells 3.6% average NRI in 210 sections 1,214…
  25. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 25
    Arkansas Fayetteville Shale EnerCom's Oil & Gas Conference, August 14-18, 2011 Denver, CO 26
  26. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 26
    Arkansas Fayetteville Shale Diverse mineral ownership across the play Interest (WI or RI) in 16% of all producing wells in the play PHX wells primarily operated by Southwestern Energy and Chesapeake Current production 6.2 Mmcfe per…
  27. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 27
    Arkansas Fayetteville Shale Current Development Area Current Development Area 8,474 net PHX acres 2.2% average NRI in 249 sections 139 PHX producing working interest wells 1,735 Undeveloped locations w/4.1% average NRI 369 PHX…
  28. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 28
    Anadarko Basin Cana Woodford Shale EnerCom's Oil & Gas Conference, August 14-18, 2011 Denver, CO 29
  29. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 29
    Anadarko Basin Cana Woodford Shale Diverse mineral ownership across initial play and expansion areas Interest (WI or RI) in 17% of all producing wells in the play PHX wells primarily operated by Devon and Cimarex Current production…
  30. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 30
    Anadarko Basin Woodford Shale Current Development Area 3,545 net PHX acres 27 PHX producing working interest wells w/4.8% average NRI 5 PHX producing royalty interest wells 2.8% average NRI in 135 sections 1,063…
  31. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 31
    Western Oklahoma Anadarko Basin EnerCom's Oil & Gas Conference, August 14-18, 2011 Denver, CO 32
  32. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 32
    Anadarko Basin Granite Wash Reserve Study Area 500 net PHX Acres 2.5% average NRI in 30 sections 100 Probable/Possible Undeveloped locations Potential Development Area 10,530 net PHX acres 3.4% average NRI in 355…
  33. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 33
    PHX Western Oklahoma Mineral Holdings EnerCom's Oil & Gas Conference, August 14-18, 2011 Denver, CO 34
  34. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 34
    Acquisition Strategy and Activity Acquisition Strategy Focus on adding both un-leased and leased mineral acreage in our core producing areas Capitalize on the opportunity to purchase mineral interests in the economically depressed dry…
  35. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 35
    The Panhandle Oil and Gas Advantage Broadly diversified perpetual mineral holding Total US mineral ownership of 255,700 acres Large drilling inventory in four premier resource plays Anadarko Basin Cana Woodford Shale Arkansas…
  36. ENERCOMS OIL AND GAS CONFERENCE – Panhandle Oil and Gas Inc. – slide 36

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