Stone Energy Corporation (SGY) Enercom Energy Conference August 2015
Stone is Active in Lowest (Non-OPEC) Cost of Supply Basins Achieving Milestones 6.00 NYMEX Breakdown for 15% ATAX IRR Stone focus areas Gas Supply Cost 5.00 H 4.00 a y F n 3.00 N a B e Stone i y a s G e r v o r t…
Stone Has Carefully Managed Its Liquidity Position Achieving Milestones 900 Liquidity Profile Cash* 800 Undrawn Credit Facility* 90 million in cash* 2017 Convertible Notes 1.75% 500 million undrawn credit facility ** 700 2022…
Capital and Expense Spending Reduced in Response to Low Commodity Prices Achieving Milestones MM Capital MM LOE 1,000 250 Base LOE 900 800 895 200 201 700 695 182 600 150 500 400 450 100 120 300 200 50 100 0 0…
2015 Capital Focused on Deep Water Development Projects Achieving Milestones Capital Budget 450 mm Disciplined Capital Program With Catalysts 8% 88% 4% Gulf of Mexico D&C Cardona No. 6, Online late 3Q15 GOM Appalachia…
Multi-Year Investment Opportunity In Deep Water Gulf of Mexico Achieving Milestones Legend 2015-17 Lafayette Prospect Pumpkin LaMontana Ridge Cayenne New Orleans Houston MP288 Valentine Horned Lark Pompano Carrick…
Steady Cardona Production Achieving Milestones Shale Out Cardona Project Cardona Salt SGY 65% W.I. 4 Well Tie Back Loop Cardona 4 Enables Future Tie Backs 2 Wells Producing 10,000 boepd Net EUR: 5-19 mmboe (Pmean 12) Dev Cost:…
Amethyst Development Is On Track For Early 2016 Start Up Achieving Milestones Amethyst 100% working interest VK989 VK990 Amethyst Pompano Discovered 2014 Discovery Field Gas and Condensate Reserve range 50-197 bcfe (Mean 118…
Pompano Development Program Provides Highest ROR in Portfolio Achieving Milestones Pompano Platform A-25 ST Pompano Platform Rig SGY 100% Operator SGY PUD Pliocene A-15 ST2 SGY 100% W. I. SGY 100% 3 - 4 Well Program GY…
Lamprey Prospect Adjacent to Great White Production Achieving Milestones AC 857 1 SGY 100% in 3 leases 104 - 547 mmboe gross Great White Producing to North DHC 67 mm net Great White Lamprey 2 Lamprey 1 3 Great…
Near Term Exploration Prospects Provide Significant Potential Achieving Milestones Vernaccia Prospect Derbio Prospect Rampart Prospect Apple Prospect Salt Salt Salt Pompano Pompano Pompano Amberjack Amberjack…
Condensate Rich Marcellus Shale Achieving Milestones Christine Area 2015 Drilling & Completion Suspension 26,200 acres s 2014 Proved Reserves: 526 bcfe 2014 Probable & Possible Reserves: 531 bcfe Mary Heather Field Potential…
Infrastructure Moving Supply To Demand Achieving Milestones Midwest & Canada North & Northeast mmcfd mmcfd Transco 525 Rockies Express 1,200 2015 Columbia Gas 310 2015 ANR (SEML) 750 Tennessee Gas 158 Texas Eastern 425 Energy…
Prolific Appalachia Utica Shale Extends Across Mary Field Achieving Milestones Range Claysville SC IP: 59 mmcfed Utica Dry Gas 35,000 Net Acres Potential 2016 Development Rice Bigfoot IP: 42 mmcfed Over 200 Potential Well…
Positioned for Low Price Environment Achieving Milestones Active in low cost of supply basins Responding to low price environment Diversified across commodities and play types 2015 capex focused on near term cash flow…