Plan of Arrangement Legacy and Crescent Point June 2015
Strategic Alternatives Process Beginning in February 2015, Legacy Board initiates comprehensive review of strategic alternatives to unlock shareholder value Extensive consideration of possible alternatives, including asset…
Recommendation The Board of Directors of Legacy has unanimously determined that the Crescent Point proposal is in the best interests of Legacy and unanimously recommends that the Legacy shareholders vote in favour of the…
Crescent Point Overview Market capitalization in excess of 12.5BN Current dividend yield approximately 10% Strategy of acquiring high quality, large oil in place pools with low recovery factors Conservative business approach and…
Legacy & Crescent Point Exploitation of large light oil in-place pools with significant development drilling inventory and waterflood potential Leaders in tight oil development - common resource development philosophy regarding…
Strategic Rationale Continued participation in the development of Legacys high quality asset base, while gaining exposure to the development upside in Crescent Points Shaunavon, Bakken, Torquay and Uinta Basin assets More rapid…
Strategic Rationale Plan of Arrangement is in the best interests of Legacy: status quo not an option given current levels of indebtedness, dependent on a material oil price recovery significant equity financing (if available)…
Voting The Board of Directors of Legacy has unanimously determined that the Transaction is in the best interests of Legacy and unanimously recommends that the Legacy shareholders vote in favour of the Transaction. For assistance with…
Contact Information 4400, 525 8th Avenue SW Eighth Avenue Place Calgary, Alberta T2P 1G1 Tel: 403.441.2300 Fax: 403.441.2017 Email: infolegacyoilandgas.com Website: www.legacyoilandgas.com TSX: LEG 11
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