Lonestar Resources, Ltd. Presentation to Investors 2014 Jefferies Global Energy Conference
Company Profile Lonestar is a rapidly growing E&P company Share Price History focused on the Eagle Ford Shale 0.60 14.0 Drilling and acquisition capital concentrated in 0.50 12.0 the crude oil window of the Eagle Ford Shale…
Lonestars Footprint 1 BAKKEN THREE FORKS 35,000 net acres Resource Assessment 3D Seismic Complete 41 Conventional Prospects identified Intense Fracturing in Unconventional Targets CONVENTIONAL OIL & GAS Mature Producing…
High Caliber Management Team Executive Previous Experience Biography Over 28 years experience in oil and gas finance Frank D. Bracken, III Previously Managing Director at Jefferies LLC, where he led 5 billion in oil and gas Chief…
High Caliber Management Team (Contd) Executive Previous Experience Biography Scott E. Sabatka Over 34 years US / international exploration and development experience, including in the Texas Gulf Coast, Permian, Williston, Powder…
Eagle Ford Shale Growth and Development Plan
Lonestars Track Record of Rapid Growth Net Acreage Eagle Ford Shale Trend Reserves (MMBOE)1 45 35,000 40 30,000 35 25,000 30 25 20,000 20 15,000 15 Engineered 10,000 10 5 5,000 0 0 Dec11 Dec12 Dec13 Proforma Dec11 Dec12…
Intermediate Term Objectives Position Us Well Build A Lease Position That Yields Highly Economic Wells (Even in a 70 Oil Price Environment) 30,000 Net Acres in the Crude Oil Window That Allow For Sustained Drilling Activity First…
2014 Eagle Ford Shale Margin Analysis Field Operating Expense Per BOE Total Cash Costs Per BOE 18 6,000 40 6,000 16 Production Production 35 5,000 5,000 14 30 12 4,000 4,000 25 10 3,000 20 3,000 8 15 6 2,000 2,000 10 4…
Quarterly Financial Summary Quarterly Production Total Company Quarterly Production Total Company 6,000 6,000 5,500 5,500 5,000 5,000 4,500 4,500 October 14 Production (BOEPD) Production (BOEPD) October 14 4,000 4,000 3,500…
Eagle Ford Shale Asset Overview
Portfolio Focused on the Eagle Ford Total Eagle Ford Engineered Acreage Net Acres 30,306 NonEngineered Acreage Gross Engineered Locations 136 Non Recently Acquired Acreage Additional Locations 86 Avg. W.I. 89% Eastern Net Acres…
Western Region Summary Overview Engineered LEASE & DRILLING SUMMARY Acreage Gross Leasehold 10,320 Net Leasehold 8,108 Burns Ranch Upside Acreage % HBP 87.2% Top EPS 6,500' to 7,900' Lateral Lengths 4,000' to 8,000' Recent…
Central Region Summary So. Gonzales Overview Engineered Acreage LEASE & DRILLING SUMMARY Gross Leasehold 11,587 Gonzo Net Leasehold 11,320 % HBP 48.0% Upside Acreage Top EPS 6,700' to 7,900' Lateral Lengths 5,000' to 7,500'…
Eastern Region Summary Overview Aguila Vado Engineered Acreage LEASE & DRILLING SUMMARY Gross Leasehold 12,307 Net Leasehold 10,877 Upside Acreage % HBP 34.0% Top EPS 7,800' to 8,500' Lateral Lengths 5,000' to 6,400' Recent…
Eastern Eagle Ford At Time of Lonestars Entry Dunn A1H 745 BOEPD 16/64 choke Dunn A2H 641 BOEPD Engineered Acreage 16/64 choke NonEngineered Acreage Recently Acquired Producing EFS Well pre 01/14 Ranger A4H 786 BOEPD…
Eastern Eagle Ford Today Engineered Acreage NonEngineered Acreage Recently Acquired Producing EFS Well pre 01/14 Producing EFS Well since 01/14 Permitted EFS Well Active EFS Rig 21 Active EFS Rigs 184 EFS Producers 140…
Conventional Assets Stability & Free Cash Flow
Conventional Assets 3.8 MMBOE Proved Reserves 1 79% Crude Oil 15% of Lonestars Total Proved Reserves 704 BOEPD 3Q14Production North Texas 75% Crude Oil & NGLs 15% of Lonestars Total Production LongLived Reserves with Low Capital…
West Poplar Project West Poplar Resource Assessment Greater Williston Basin Lonestar (65% WI) assembled 57,500+ gross acres in a contrarian move, across the Brockton Froid fault Horizontal Objectives Bakken, Three Forks, Lwr.…
Appendix
Western Region Leasehold Detail Beall Ranch Asherton Burns Ranch Area Beall Ranch Asherton Burns Ranch Area Gross Net Gross Net Gross Net 3Q14 Production (BOEPD) 3,212 2,354 3Q14 Production (BOEPD) 726 530 3Q14 Production (BOEPD)…
Central Region Leasehold Detail Pirate South Gonzales Gonzo Pirate South Gonzales Gonzo Gross Net Gross Net Gross Net 3Q14 Production (BOEPD) 813 634 2Q14 Production (BOEPD) 0 0 2Q14 Production (BOEPD) 96 72 Producing Eagle Ford…
Quarterly Production Summary Quarterly Production Total Eagle Ford Quarterly Production Western Eagle Ford 5,000 October 14 4,000 October 14 4,500 3,500 4,000 3,000 Production (BOEPD) Production (BOEPD) 3,500 2,500 3,000…
EBITDA Assumptions EBITDA estimates are based on the following assumptions: Production estimates as set out in this presentation. The total number of planned wells at each asset is consistent with assumptions contained in the…
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