Double Eagle Petroleum Co. Euro Pacific Global Investment Conference New York September 10, 2013 KSH 1
Wyoming Operations 3
Building Shareholder Value Niobrara Shale Play Exploration Areas Future growth potential Midstream Pipeline in existing operations Atlantic Rim CBM and Pinedale Anticline Strong Foundation of low-cost producing assets…
Proven Execution Cont. Cost Control Low cost growth through the drill bit F&D Costs three year weighted average of 0.87 Mcfe 2012 Production Costs, including taxes-- 1.46 per Mcfe G&A Costs equals 16 % of revenues; among lowest of…
Building Shareholder Value Exploration Area Niobrara Shale Play 7
Niobrara Shale Acreage TOTAL TOTAL Location GROSS NET Atlantic Rim--Greater Green River 63,398 36,508 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…
Niobrara ShaleAtlantic Rim Niobrara Shale PlayAppraisal Well * Initial test well completed in Q1 2013 * 24 hour IP rate of 467 BOE * API density consistent with WTI K S H * Significant amount of Atlantic Rim acreage HBP *…
Niobrara Shale Central Wyoming & Colorado 10 Source: Entek Energy
Niobrara Shale Central Wyoming & Colorado Recent Activity Quicksilver and Shell establish an AMI in Sand Wash Basin to develop 850,000 acres of Niobrara potential. Three wells have been permitted Entek and East Resources…
Building Shareholder Value Pinedale Anticline * Interest in 184 producing wells Strong foundation of low- * 26% of proved reserves cost producing assets * 260+ future potential wells * Operated by QEP Atlantic Rim CBM * Interest in 283…
Atlantic Rim Project in the Greater Green River Basin 270,000 Acres 1,800 total CBM and 200 conventional wells approved by BLM for development over a 20 year program Project is in its early life with 283 wells drilled since 2006…
The Atlantic Rim Historical drilling activity Catalina Unit 83 gross (64 net) wells 175 total potential future drilling locations 52.6 Bcfe net proved reserves (based upon forward strip pricing at 12/31/2012) Spyglass Hill…
Pinedale Anticline Producing Assets Operated by QEP 184 producing wells in three units Mesa A 22 wells Mesa B 128 wells Mesa C 34 wells 2,900 Mcfe/d net production 5.5 million 2013 est cash flow from operations 13 new wells to be…
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 25 MMcf/d Tie-in to third…
Hedge Contracts Double Eagle Petroleum Current Hedging Positions Volume/day (Mcfe)* Price Beginning Date End Date 2013 Expirations Natural Gas Collar - NYMEX 6,000 5.00 5.35 1/1/2013 12/31/2013 Natural Gas Swap - NYMEX 6,000…
Summary of Double Eagle Reserves Proved Reserves (Bcfe) SUMMARY OF RESERVES AND NPV 10% Other 5% Pinedale Sum m ary of NSAI Reserv es and NPV 10% (1) Anticline 18% Reserv es NPV 10% 132.5 Bcfe Category and Area (Bcfe) ( MM)…
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