JUNE 2015 CONFERENCE CALL – Warren Resources Inc.

Warren Resources Inc. · Jun 16, 2015 · 7 slides

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Slides

Wyoming Asset Divestiture Conference Call June 16, 2015 Investing in the Future of Energy NASDAQ (WRES) 1
Wyoming Divestiture Warren Resources has entered into agreements to divest its CBM and midstream pipeline assets in the Atlantic Rim to Escalera Resources (NASDAQ: ESCR) 47 MM in total consideration; 42 MM in cash at closing…
Warren Repositioning Post Transaction Marcellus Properties 5,289 net acres in Northeast PA 75% working interest California Properties WY PA Core-of-the-core Marcellus Wilmington Field in the Los 100% HBP or held by operations with…
Franklin Square/GSO Deal May 2015 Terms: Strategic refinancing with Franklin Square Funds Sub-Advised by GSO Capital Partners LP 250 mm first lien credit facility closed May 22, 2015 202.5 mm of new money (172.5 mm for working…
Pro Forma Capitalization As of May 22, 2015 Pro Forma Adjustment Pro Forma (GSO-Franklin Square) (upon WY sale closing) Cash 14 -- 14 Long Term Debt Credit Facility(1) 172.5 (42)(2) 130.5 Exchange 1st Lien 47.2 -- 47.2…
Alignment with Warrens Business Strategy 1. Right-size Capital Spending Cut 2015 budget from initial plan Reduce G&A without impact to production, growth initiatives 2. Optimize Current Assets and Protect Production Against…
Core Business Strategy Mission Warrens mission is to achieve long-term value creation for its stakeholders through best-in-class assets, operations, and people. Vision Warren is a high growth company, with a primary focus on…