8/2/2010 CONSOLs Coal Operations Ran Well in Q1 and Q2 Safety was improved Internal production goals were achieved Total production costs were flat from Q1 to Q2 CONSOLs mines are poised to meet higher commitments for…
8/2/2010 CONSOLs Marketing Achievements in Q2 Generated a record 1 billion from coal sales Loaded a record 43 vessels with 3.3 mm tons Booked 300,000 tons of high-vol coal for Asia in 2H at 76 per ton CONSOLs 100%-owned…
8/2/2010 CONSOL Also Looking to Monetize CAPP Met Reserves Amonate, Elk Creek, and Itmann properties 5 MM tons/year of low- vol, medium-vol, and high-vol Potential EBITDA of 350 MM, assuming 150 per ton sales price…
8/2/2010 CONSOL has a Leading Acreage Position and . . . Not All Marcellus Acres Are Equal Net Acres (000s) 1,800 98% of the acres are HBP (held by production) Have an average NRI (net revenue interest) of 89% 1,570 1,600…
8/2/2010 Latest Five Wells Appear to be Very Good All in Greene County, Pa.: EURs (p-50 case) range from 5.5 Bcf to 9.9 Bcf Laterals average 2,200 feet D&C Costs average 4.2 million Projected after-tax IRRs range from 44%…
8/2/2010 CONSOLs Investment Thesis Internally generated cash is funding growth in gas: Q1 Adjusted EBITDA 350 million Q2 Adjusted EBITDA 350 million 2010 Capex Guidance 1.1 billion Over time, as the gas business expands,…