Double Eagle Petroleum Co OGIS New York April 16, 2012 1 NASDAQ:DBLE
Double Eagle Petroleum Co. Overview HIGHLIGHTS Proved Reserves (a) 136.5 Bcfe Proved Developed 81.5 Bcfe Proved Undeveloped 55.0 Bcfe Total Proved PV-10 ( in Millions) 153.5 Total Probable and Poss. Reserves (a) 109.5 Bcfe…
Financial Summary Strong Financial Performance Income Statement Summary Balance Sheet Summary 's in millions Year Ended December 31, 's in millions 2011 2010 2009 As of 12/31/11 Total Revenue 64.7 55.0 44.8 Cash 8.7 Total Assets…
Hedge Contracts Double Eagle Petroleum Current Hedging Positions-- 3/31/12 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…
Double Eagles Value Proposition Value Component Valuation Range ( in millions) Assumptions Proved Reserves (1) 136.5 Bcfe Proved 170.6 273.0 1.25 per Mcfe - 2.00 per Mcfe 60% Proved Developed Probable Reserves (1) 6.2 12.4 0.25 per…
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 140.0 130.0 120.0…
Proven Execution Low cost growth through the drill bit F&D Costs three year simple average of 0.76/ Mcfe; Production Costs, including taxes--1.68 per Mcfe G&A Costs equals 12.5% of O&G related revenues; among lowest of peer group…
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…
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…
Exploration Play-Niobrara Shale Central Wyoming & Colorado 11
Exploration Play-Niobrara Shale DJ Basin 12
Exploration Play--Main Fork Unit (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 2007 Working with a…
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…
The Atlantic Rim Historical drilling activity Catalina Unit 84 gross (63.73 net) CBM production wells 200 total potential future drilling locations 56.5 Bcfe net proved reserves (12/31/2011 NSAI) Drilling first Niobrara well in…
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…
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 30 MMcf/d Tie-in to third…
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…
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