Building a Sustainable Exploration Company August 2014
LGX Management Objectives Create a company with sustainable cash flow to internally fund an aggressive exploration and development program, targeting light oil in southern Alberta Cost-effective per share growth in reserves,…
Corporate Profile TSXV Trading Symbol OIL Common Shares 88.7 million Warrants 6.0 million Options 7.2 million Insiders Own Basic & Fully Diluted 20% & 24% LEG Share Ownership (incl. above) 18% Enterprise Value 59.3 million…
2014 Year to Date Results 906BOED +2% year over year 4.9Million +81% year over year 0.06per share +100% year over year 41.34per Boe +55% year over year 5
Net Asset Value Per Share LGX NAV per Basic Common Share using the Proved plus Probable reserve value at December 31, 2013 and forecast pricing and costs (MM except share and per share amounts) Proved Plus Probable Reserve Value…
Cash Flow + Development Inventory+ Exploration Upside Stable, concentrated production base in southern Alberta Completed a 95 square mile 3D seismic program on the Blood Reserve Two wells drilled on the Blood Reserve in prior year to…
Southern Alberta Bakken BANFF DISCOVERY WELL IP90: 305 BOPD F V G C BANFF WELL SOUTHERN SOUTHERN Alberta Basin Bakken Play E E CURR: 224 BOPD R25 CUM: 81 MBBL V R23W4M FG IP90: 330 BOPD ALBERTA ALBERTA J G EE ECV E EE F F…
Big Valley and Banff Hz Well Performance 100,000 90,000 80,000 Cumulative Oil Production (Bbl) 70,000 LGX Penny 14-2 Strong Performance 60,000 50,000 40,000 30,000 20,000 10,000 0 1 2 3 4 5 6 7 8 9 10 11…
Manyberries, AB Upside Opportunities Identified: 46 (40.0 net) vertical and horizontal development drilling locations targeting banked oil in existing pools Numerous well reactivations and water injection conversions Offsetting…
Manyberries, AB Potential Horizontal Drilling Target in Swift Formation 11
Right Team + Right Assets + Right Time Experienced management team with a proven record of aggressively growing oil and natural gas companies on a cost-effective per share basis Current economic conditions provide a good entry point…
Independent Reserve Engineers Contact Information GLJ Petroleum Consultants Ltd. Bank 4400, 525 8th Avenue SW ATB Financial Eighth Avenue Place Calgary, Alberta T2P 1G1 Auditors Tel: 403.441.2300 PricewaterhouseCoopers LLP Fax:…