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Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co.

Double Eagle Petroleum Co. · Jan 9, 2012 · 18 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. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 1
    Double Eagle Petroleum Co Sidoti & Company Semi Annual New York Microcap Conference January 9, 2012 1 NASDAQ:DBLE
  2. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 2
    Double Eagle Petroleum Co. Overview HIGHLIGHTS Proved Reserves (a) 115.1 Bcfe Proved Developed 74.5 Bcfe Proved Undeveloped 40.6 Bcfe Total Proved PV-10 ( in Millions) 143.7 Total Probable and Poss. Reserves (b) 137.0 Bcfe…
  3. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 3
    Financial Summary Stong Financial Performance Income Statement Summary Balance Sheet Summary 's in millions Nine Months Year ended December 31, 's in millions 9/30/2011 2010 2009 As of 9/30/11 Total Revenue 44.0 55.0 44.8 Cash…
  4. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 4
    Double Eagles Value Proposition Value Component Valuation Range ( in millions) Assumptions Proved Reserves (1) 115.1 Bcfe Proved 143.9 - 230.2 1.25 per Mcfe - 2.00 per Mcfe 65% Proved Developed Probable Reserves (1) 7.6 - 15.1 0.25…
  5. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 5
    Proven Execution With a large inventory of drilling locations, we have been able to consistently grow proved developed reserves by converting our probable reserves to proved reserves Reserve Growth--SEC Pricing 115.0 105.0…
  6. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 6
    Proven Execution Low cost growth through the drill bit F&D Costs three year average of 1.00/ Mcfe; Production Costs, including taxes--1.22 to 1.74 per Mcfe G&A Costs equals 10.9% of revenues; among lowest of peer group with revenues…
  7. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 7
    Building Blocks for Shareholder Value Table Top Unit Niobrara Shale Play Exploration Plays Pinedale Anticline Atlantic Rim CBM Future growth potential in Midstream Pipeline existing operations Strong Foundation of…
  8. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 8
    Building Blocks for Shareholder Value Atlantic Rim CBM --Interest in 255 producing CBM wells Pinedale Anticline --64% of proved reserves --550 future drilling locations in 3 producing units --Interest in over 150 --Catalina Unit…
  9. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 9
    The Atlantic Rim Historical drilling activity Catalina Unit 71 gross (51 net) wells 124 future drilling permits approved 200 total potential future drilling locations 34.6 Bcfe net proved reserves (Internal mid year , 6/30/11)…
  10. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 10
    Pinedale Anticline QEP Operated Properties Interests in over 150 wells through 2011; Participated in 16 new wells in 2011 Anticipate participating in 16 new wells in 2012 350+ Potential future locations Double Eagle Working…
  11. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 11
    Midstream Infrastructure Growing source of fee-based revenue that is independent of gas prices Connects Catalina Unit to interstate pipeline 100% owned by Double Eagle 125 MMcf/d capacity; currently at 28 MMcf/d Tie-in to third…
  12. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 12
    Building Blocks for Shareholder Value Main Fork Unit Niobrara Shale Exploration Plays 13
  13. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 13
    Exploration Play-Niobrara Shale TOTAL TOTAL Location GROSS NET Atlantic Rim--Greater Green Rvr 61,310 37,955 DJ Basin-Wyoming 6,674 6,674 DJ Basin- Nebraska 4,198 4,198 Powder River Basin 16,283 16,283 Laramie/Hanna Basin 8,669 8,669…
  14. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 14
    Exploration Play-Niobrara Shale Central Wyoming & Colorado 15
  15. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 15
    Exploration Play-Niobrara Shale DJ Basin 16
  16. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 16
    Exploration Play--Main Fork Unit Main Fork Unit Project (formerly known as Christmas Meadows/Table Top Unit) A Company-estimated 2-3 TCF target project comprised of 44,000 acres and a well previously drilled but not completed in…
  17. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 17
    Growth Strategy Merge with companies to provide diversity in location and commodity Mergers and Acquire additional exploration acreage Acquisitions Create economics of scale and take advantage of operational synergies…
  18. Sidoti and Company Semi Annual New York Micro Cap Conference – Double Eagle Petroleum Co. – slide 18
    Hedge Contracts Double Eagle Petroleum Current Hedging Positions-- 9/30/11 Volume/day (Mcfe) Price Beginning Date End Date 2012 Expirations Natural Gas Swap - NYMEX 10,000 5.05 1/1/2012 12/31/2012 Natural Gas Swap - NYMEX…

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