EPL Company Profile Brean Murray, Carret & Co. 2012 Global Resources & Infrastructure Conference March 2012 NYSE: EPL BMC 2012 Global Resources & Infrastructure Conference March 2012
NYSE: EPL BMC 2012 Global Resources & Infrastructure Conference March 2012
Agenda Company Profile Shallow Asset Overview Water GOM Focus Oily pro forma asset base Prolific areas with upside potential Oil - Significant Upside Extensive 3-D Seismic Library, new reprocessed Weighted Potential data &…
Company Profile Pro Forma Asset Base: Focus Areas A leading E&P company focused on the GOM shelf Assets concentrated in shallow water offshore Louisiana Poised to maximize organic growth and opportunistically consolidate Gulf of…
Oily EPL Assets Expanded Proved Asset Base Reserves of 37.1 MMBoe at 12/31/11 40.0 37.1 74% oil, 91% proved developed 27.4 9.8 Repeatable, low-risk behind pipe & sidetrack opportunities 30.0 MMBoe 10.2 20.0 Pre-tax PV-10 of…
Prolific Focus Areas with Upside Potential Focus Areas - Proved R/P (yrs) East Bay Main Pass Area Greater Bay Marchand Area South Pass Area Greater Bay Marchand ST 26: Prolific core legacy field South Timbalier 26/41 and numerous…
Extensive Reprocessed 3-D to Unlock Potential Extensive library of seismic and well data New Valuable for evaluating exploitation, exploration and EPL PSTM Re-Processing of Western 3D Data Volume acquisition opportunities 11,825…
Continuing Acquisition Strategy to Grow The EPL teams skill set of low cost operations, geologic knowledge and P&A expertise provide an ideal platform for growth 4 Phase Acquire and Exploit Strategy EPLs 4 Phase Acquire and Exploit…
Progress Report on 2011 Oil-Weighted Acquisitions Increased Production Since Ownership (1) Acquired oily, high potential WD, MP, SP complexes Phase 1 4,000 in our GOM focus area Gas (Boe/d) Buy It Oil (Bbls/d) Right PV10 of assets…
Substantial Organic Growth Opportunities GOM Shelf Prospect Inventory with Multiple Targets 15 Newly Identified Targets in West Delta and Main Pass Areas 19 Gas & Oil Prospects on Developed and Undeveloped Acreage East Bay Deep…
Conservative Balance Sheet and Ample Liquidity Dedicated to maintaining financial discipline Low Net Debt / Proved Boe Fund development and exploration program out of free cash flow 8.78 Supplement organic growth with accretive…
Efficient Spending Well Under Cash Flow Prudent capital allocation Reserve and Production Growth Diversified program of exploitation, exploration and acquisitions to address cash flow and growth Exploitation Growth All projects…
Attractive Valuation and Poised to Grow Peer leading economics Peer Group Comparisons (1) High margins due to oily asset base Crude oil receives LLS/HLS advantage % Oil (1P) Proved Rsvs Life (yrs) Net Debt / Proved Boe Aided by cost…
Conclusion Shallow Water GOM Focus Oil-Weighted Significant Upside Assets Potential Operating Experienced Control Team NYSE: EPL BMC 2012 Global Resources & Infrastructure Conference March 2012 14
Appendix NYSE: EPL BMC 2012 Global Resources & Infrastructure Conference March 2012 15
Company Information Gary Hanna Website: eplweb.com President & CEO, NYSE: EPL 40 Million shares outstanding Director Principal Corporate Office T.J. Thom 201 St. Charles Ave. Senior Vice President, Suite 3400 CFO New Orleans, LA…
Definitions Boe Barrels of oil equivalent MMBoe Million barrels of oil equivalent MBoe Thousand barrels of oil equivalent Mmcf Million cubic feet P&A Plug & Abandonment GOM Gulf of Mexico PF Pro Forma PDP Proved Developed…
2011 Guidance ESTIMATED EBITDAX RANGES (1) 2011 EBITDAX Estimates Using the Midpiont of Production Guidance and Various Realized Prices Full Year 2011 Production Rate (midpoint of guidance) 8065 Bopd/17.3 Mmcf/d Realized…
Strong Management Team Flat & Nimble Organization with a Highly Experienced Professional Team Gary Hanna President & CEO David Cedro T. J. Thom SVP, Mac Jensen Andre Broussard SVP, Chad Williams Chief Financial SVP, SVP,…
Prudent Risk Mitigation Oil hedging covering 2012 thru 2013 EPL Hedged Volumes as of February 2012 EPLs hedging program Provides protection against downward commodity price movements 5,000 Maintains upside participation in both oil…
Ultra-Deep Shelf Fairway The Ultra-Deep play concept is to test Ultra-Deep Conceptual Depositional Fairway the Miocene and older sections (e.g. Wilcox) on the Shelf as seen in Davy Jones deepwater discoveries by other industry…
201 St. Charles Avenue, Suite 3400 New Orleans, Louisiana 70170 (504) 569-1875 www.eplweb.com NYSE: EPL BMC 2012 Global Resources & Infrastructure Conference March 2012
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