August 2015 Investor Presentation – Emerald Oil Inc

Emerald Oil Inc · Aug 4, 2015 · 17 slides

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Slides

Corporate Presentation August 2015 0
Company Highlights 1 Oil-weighted Williston Basin operator with scalable operational capability 87,500 net acres(1) (70,000 or 80% operated) represents sizeable position within heart of play Current drilling spacing units have upside…
EOX Overview Summary Leasehold Position Williston Basin Independent E&P company focused on Williston Basin and headquartered in Denver, Colorado 87,500 net acre position in the core of the Williston Basin Identified 670 net…
Track Record of Production Growth Significant production ramp up with 2015E average production guidance of 4,650 - 4,800 boe/d Production growth will accelerate in the near term with a focus on the operated drilling program to convert…
Track Record of Reserves Growth Significant increase in proved reserves through the 2014 fiscal year Increase primarily as a result of increased drilling activity in our operated well program (1) Proved Reserves (Mmboe) 26.3…
Track Record of Improving Operating Efficiency Williston Basin (Low Rider) D&C cost(1) Williston Basin (Low Rider) Drilling Days(1) 14.0 40 13.0 35 12.0 D&C Cost (mm) 30 Drilling Days 11.0 25 10.0 20 9.0 15…
Acreage & Drilling Inventory Williston Basin Acreage Summary(1) Acreage by State (Net Acres) Montana 3% North 57,300 Dakota 97% 23,200 4,500 2,500 Total Acreage: 87,500 McKenzie (Low Rider) McKenzie (Lewis & Clark)…
Williston Basin Acreage Map North Dakota Montana Emerald OAS CLR WLL Source: CLR, OAS and WLL April 2015 investor presentation. 8
EOX Assets McKenzie County (Low Rider / Lewis & Clark) EMERALD OIL WHITING PETROLEUM CONTINENTAL CAPER 1-15-22H STATOIL EMERALD OIL PIRATE 1-2-11H BAKKEN 6/11/2013 OASIS PETROLEUM EMERALD OIL BOE 30 = 28,799 BOE 180 = 80,261…
Venture with Koch - Overview Acquired 30% Working Interest Leasehold Summary On 7/31/15, Emerald entered into a purchase and sale agreement and other related agreements with Koch Exploration, a wholly owned subsidiary of Koch…
Venture with Koch McKenzie County McKenzie County Leasehold - Three wells where Koch Exploration will reimburse Emerald for their proportionate 30% share of existing AFEs - Two wells in the 2016 drilling agreement to further…
Reserves Summary Net Proved Resources as of 12/31/2014* Oil Gas Total PV-10 (1) Category (MBbls) (Mmcf) (Mboe) (mm) PDP 12,885 11,406 14,786 408 PDNP 309 264 353 10 PUD 9,632 9,399 11,199 117 Total proved 22,826 21,069 26,338…
Average Well Profile Results Exceeding Expectations Middle Bakken Type Curves(1) Oil Price Sensitivities(2) 60 50 40 ROR, % 30 20 10 0 50 55 60 65 70 75 80 Days On Production WTI Oil Price 600 MBOE,…
2015 Capex Plans 2015E Capital Plan 2015E(3) Capital Expenditures 2015E drilling budget of 62.0 - 81.0 million for 12-month ( in millions) 5.0% period ending 12/31/15 Land Budget 100% operated drilling activity Expect to drill &…
Hedge Positions Managements goal is to opportunistically maximize downside protection Company utilizes puts to floor production in order to allow for upside appreciation Hedging Summary(1) 5,000 2015 Production Guidance Midpoint…
No Near-Term Debt Maturities Debt Maturity Schedule(1) 160 2% Convertible Senior Notes Revolving Credit Facility(1) 140 (41.2MM drawn on 135.0MM facility) 120 Term Loan(1) (75.0MM drawn on Principal Amount (mm) 100.0MM…
Capital Discipline in Current Commodity Environment Disciplined deployment of capital and capital efficient production growth Reduced Williston Basin rig count from 3 to 0.5 in Q4 2014 following the rapid commodity price decline…

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