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OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy

Fifth Creek Energy · Aug 17, 2014 · 18 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 1
    FIFTH CREEK OverviewandBusinessPlanSummary Summer2014 ENERGY C O N F I D E N T I A L I N F O R M AT I O N
  2. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 2
    TableOfContents I. Introduction II. ManagementTrackRecord III. CompanyFocus Appendix A. BonanzaCreekPress(2011 2014) CONFIDENTIALINFORMATION Page2
  3. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 3
    Introduction CONFIDENTIALINFORMATION
  4. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 4
    Introduction Fifth Creek Energy (FCE or the Company), a Delaware limited liability company, is a privatelyowned exploration and production company Founded in April 2014 and headquartered in Denver, CO FCE will be initially…
  5. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 5
    Introduction(continued) BonanzaCreekwentpublicthroughamanagementledInitialPublicOffering(NYSE:BCEI)inDecember2011at17.00/share Since the IPO, the stock has traded as high as 61.35 (6/23/14; 67% IRR and 3.6x ROI to the IPO…
  6. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 6
    ManagementTrackRecord CONFIDENTIALINFORMATION
  7. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 7
    BonanzaCreekOilCompany(1999 2005) Bonanza Creek Oil Company (BCOC) was formed by Mr. Starzer in January 1999 CFGArea SeveranceArea 9OperatedWells Initial funding provided by founders and friends and family 6OperatedWells…
  8. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 8
    BonanzaCreekEnergyCompany(2006 2010) Rockies In May 2006, Bonanza Creek Energy Company (BCEC) Production(3) 996boepd was formed with an oily focus through the contribution of ProvedReserves(4) 10MMboe the Niobrara oil shale…
  9. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 9
    BonanzaCreekEnergy,Inc. CompanyOverview(2010 2014) NorthParkBasin WattenbergField Following the formation of BCEI, Bonanza Creek focused on (Niobrara) (Niobrara&Codell) increasing acreage and accelerating the development of the…
  10. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 10
    TheBonanzaCreekCompanies OperationalTrackRecord ProvedReserves(1) (Mboe) Production(1)(Boe/d) 80,000 25,000 70,000 20,000 60,000 50,000 15,000 40,000 30,000 10,000 20,000 5,000 10,000 0 0 2008 2009 2010 2011 2012 2013…
  11. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 11
    TheBonanzaCreekCompanies TimelineofEventsandProduction(2006 2014) January2014 Mr.Starzerretires 42.84/share Mkt.Cap 1.7B;EV 2.1B August2009 HEC 8.9xEV/EBITDA* foundedthroughacquisition 119,000EV/BOEPD* ofcomplementaryassetsto…
  12. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 12
    TheBonanzaCreekCompanies InvestorReturnsSinceInception 2,000,000,000 1,800,000,000 ROI3.3x 1,600,000,000 1,400,000,000 1,200,000,000 1,000,000,000 800,000,000 600,000,000 ROI3.6x IRR39.3% 400,000,000 ROI4.9x…
  13. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 13
    CompanyFocus CONFIDENTIALINFORMATION
  14. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 14
    FCEBusinessPlan Opportunities for FCE to combine our proven management with outstanding assets Assets demonstrating attractive and predictable shareholder returns by deploying capital efficiently to high margin projects FCE will…
  15. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 15
    ProjectFocusAreas DrillingInternalRatesofReturn forU.S.ShaleBasins FuturesStripasof10/22/2013 Year: 1 2 3 4 5 6+ WTIOil: 102.60 95.45 89.60 86.04 83.99 82.37 NYMEXGas: 3.55 3.85 4.08 4.23 4.40 4.81…
  16. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 16
    TargetCharacteristics&KeyAreas Management will focus on both conventional and unconventional plays applying its operational expertise and advances in drilling and completion technology and fracture stimulation.…
  17. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 17
    Appendix CONFIDENTIALINFORMATION
  18. OVERVIEW AND BUSINESS PLAN SUMMARY – Fifth Creek Energy – slide 18
    Appendix PressonBonanzaCreek Oil&GasFinanceJournal,Coverarticle,March1,2012 EngineeringfocusedBonanzaCreekaggressivelyexpandingitsportfolio;AninterviewwithBonanzaCreekEnergysMichaelR.Starzer TheAmericanOil&GasReporter,July2012…

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