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GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc.

Panhandle Oil and Gas Inc. · Jun 25, 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. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 1
    PHX LISTED NYSE Intercontinental Hotel San Francisco, CA Monday, June 25, 2012
  2. GHS 100 ENERGY 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. GHS 100 ENERGY 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. GHS 100 ENERGY 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. GHS 100 ENERGY 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. GHS 100 ENERGY 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 activities 29,283,929 27,806,475…
  7. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 7
    Financial Highlights Fiscal 2012 Condensed Balance Sheet March 31, 2012 Current assets 9,081,773 Property and equipment 271,005,540 Less accumulated DD&A (155,307,113) Net property and equipment 115,698,427 Other 1,854,174 Total…
  8. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 8
    Financial Highlights- First Six Months 2012 Six Months Ended March 31, 2012 2011 Revenue 23,841,243 9,901,548 Net income 4,088,076 1,426,849 Earnings per share .49 .17 Net cash provided by operating activities 15,061,760…
  9. GHS 100 ENERGY 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 8 million Debt and cash used to finance acquisition of Fayetteville Shale assets in October…
  10. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 10
    Fiscal 2012 Six Months Cost Structure 5.00 4.50 4.00 3.50 3.00 G&A, 0.63 /Mcfe 2.50 LOE/Prod Tax, 0.98 2.00 1.50 1.00 DD&A, 1.74 0.50 0.00 11 GHS 100 Energy Conference, San Francisco, CA - June 25, 2012
  11. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 11
    Asset Pyramid Non-proved undeveloped reserves on fee mineral Probable and acres, Fayetteville Shale, Woodford Shales and Granite Possible Wash (superior economics due to royalty retention) Reserves 5,100 producing wells, 66% of…
  12. GHS 100 ENERGY 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. GHS 100 ENERGY 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. GHS 100 ENERGY 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. GHS 100 ENERGY 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. GHS 100 ENERGY 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 GHS 100 Energy Conference, San Francisco, CA - June 25, 2012 17
  17. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 17
    Economic Impact of Participation with Mineral Interest Arkansas Fayetteville Shale Finding Cost, /Mcfe Rate of Return,%(BTAX) 2 30 59% Higher 27 % Assumptions: 1.8 25 PHX ownership - 1% W.I., 1% NRI 1.6 Typical ownership - 1%…
  18. GHS 100 ENERGY 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. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 19
    Year End 2011 SEC Proved Reserves GHS 100 Energy Conference, San Francisco, CA - June 25, 2012 20
  20. GHS 100 ENERGY 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. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 21
    First Six Months 2012 Reserves, Production and Revenue by Product Gas NGL Oil 100.0 6% 8% 10% 4% 13% 5% 30% 80.0 38% 8% 60.0 91% 87% 40.0 62% 20.0 0.0 Mid-Year 2012 SEC PDP Reserves First Six-Months 2012…
  22. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 22
    YE 2011 Proved, Probable and Possible Reserves GHS 100 Energy Conference, San Francisco, CA - June 25, 2012 23
  23. GHS 100 ENERGY 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. GHS 100 ENERGY 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. GHS 100 ENERGY 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. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 26
    PHX Western Oklahoma Mineral Holdings GHS 100 Energy Conference, San Francisco, CA - June 25, 2012 27
  27. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 27
    Western Oklahoma Anadarko Basin GHS 100 Energy Conference, San Francisco, CA - June 25, 2012 28
  28. GHS 100 ENERGY 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, Marmaton and Tonkawa 17,100 net mineral acres available for…
  29. GHS 100 ENERGY 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 GHS 100 Energy Conference,…
  30. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 30
    Anadarko Basin Cana Woodford Shale GHS 100 Energy Conference, San Francisco, CA - June 25, 2012 31
  31. GHS 100 ENERGY 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. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 32
    Anadarko Basin Woodford Shale Current Development Area 3,545 net PHX acres 41 PHX producing working interest wells w/4.2% average NRI 6 PHX producing royalty interest wells 2.5% average NRI in 135 sections 744…
  33. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 33
    Arkansas Fayetteville Shale GHS 100 Energy Conference, San Francisco, CA - June 25, 2012 34
  34. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 34
    Arkansas Fayetteville Shale Diverse mineral and leasehold ownership across the play Interest (WI or RI) in 20% of all producing wells in the play PHX wells primarily operated by Southwestern Energy Current production 11.3 Mmcfe per…
  35. GHS 100 ENERGY 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 349 PHX producing working interest wells 1,735 Undeveloped locations w/2.9% average NRI 416 PHX…
  36. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 36
    Southeastern Oklahoma Woodford Shale GHS 100 Energy Conference, San Francisco, CA - June 25, 2012 37
  37. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 37
    Southeastern Oklahoma Woodford Shale Diverse mineral ownership across the play Interest (WI or RI) in 17% of all producing wells in the play PHX wells primarily operated by Newfield, Devon, BP and PetroQuest Current production 7.0…
  38. GHS 100 ENERGY 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 1,249…
  39. GHS 100 ENERGY 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. GHS 100 ENERGY CONFERENCE – Panhandle Oil and Gas Inc. – slide 40
    PHX LISTED NYSE

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