Lonestar Resources, Ltd. Presentation to Investors October, 2015
Company Profile Share Price History Lonestar is a rapidly growing E&P company 35.00 100.0 focused on the Eagle Ford Shale 30.00 Drilling and acquisition capital concentrated in 80.0 the crude oil window of the Eagle Ford Shale…
Lonestars Footprint 1 BAKKEN THREE FORKS 35,000 net acres Resource Assessment 3D Seismic Complete 80 Conventional Prospects identified Intense Fracturing in Unconventional Targets CONVENTIONAL OIL & GAS Mature Producing…
Lonestars Growth History Current Team In Place Since 2012 Company Originally Funded by Ecofin, UKbased Private Equity Group Assembled Team of Senior Personnel from Encore, Pioneer, Denbury, Approach. Focused on Developing…
Strategic Positioning for the Current Environment Position Lonestar to Materially Benefit From Industry Malaise Ensure Adequate Liquidity Source Drilling Capital to Ramp Business for Farmins and Acquisitions Protect Cash Flow New…
Eagle Ford Shale Growth and Development Plan
Lonestars Track Record of Rapid Growth Net Acreage Eagle Ford Shale Trend Reserves (MMBOE)1 35,000 50 30,000 40 25,000 30 20,000 15,000 20 10,000 10 5,000 0 0 Dec11 Dec12 Dec13 Dec14 Dec11 Dec12 Dec13 Dec14 Proved Probable…
Portfolio Focused on the Eagle Ford Total Eagle Ford Engineered Acreage Net Acres 34,825 NonEngineered Acreage Gross Engineered Locations 143 Additional Locations 70 Avg. W.I. 92% Eastern Net Acres 1 10,730 Gross Engineered…
Lonestars Footprint Across The Eagle Ford Is Significant 14 12 10 Counties With Completions 8 6 4 2 0 10
Revenue/BOE vs % Oil Production 50.00 LNREF 45.00 40.00 Revenue / BOE 35.00 30.00 25.00 20.00 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% % Oil Production Note: Revenue/BOE from 2Q15 (unhedged). Peer…
Production Cost/BOE vs % Oil Production 30.00 25.00 Production Costs / BOE 20.00 15.00 LNREF 10.00 5.00 0.00 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% % Oil Production Note: Production Cost /BOE from 2Q15.…
Unhedged Field Netback/BOE vs % Oil Production 35.00 LNREF 30.00 Field Netback / BOE 25.00 20.00 15.00 10.00 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% % Oil Production Note: Field Netback/BOE from 2Q15.…
Lonestars Hedges Are Among Highest of its Peers 90.00 Lonestar 80.00 Avgerage Price (/bbl) 70.00 60.00 50.00 40.00 30.00 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% % Of Oil Hedged 2016 Note: Data as of…
Lonestar Valuation Relative to its Peers 14.0x 12.0x Lonestar 10.0x TEV/ EBITDAX 8.0x 6.0x 4.0x Lonestar 2.0x 0.0x 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 40.00 TEV / Proved Reserves Note: Data as of…
Western Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 14,440 Net Leasehold 13,199 % HBP 63% Engineered Acreage Top EPS 6,000' to 9,250' Lateral Lengths 4,000' to 8,000' NonEngineered Acreage Assumed…
Western Region Burns Ranch Area Overview Gross Leasehold 3,697 Net Leasehold 2,905 % HBP 70% Top EPS 7,300' to 8,000' Assumed Spacing 500' WI% 79% NRI % 59% Engineered Locations Category Length PDP 0 5,000' 1 PUD 6 6,000' 2 PROB 18…
Western Region Beall Ranch Overview Gross Leasehold 2,390 Net Leasehold 2,335 % HBP 100% Top EPS 7,000' to 7,300' Assumed Spacing 500' WI% 98% NRI % 73% Engineered Locations Category Length PDP 18 5,000' 11 PUD 17 6,000' 5 PROB 0…
2014 and 2015 Targeting Comparison Green windows show the best rock to initiate the frac based on Poissons Ratio and Youngs Modulus. 2014 Top of Target (25+) 2015 Top of Target (11+) 2015 Bottom of Target (11-)…
3D Visual Between Upper and Lower Limits Looking from the South to the North 26H, 27H, 28H wells are 99% in the new 25 target window 21
Better Targeting Yielding Better Productivity Ranger Beall Ranch Production Per 1,000 Feet 200 10,000 180 9,000 160 8,000 140 7,000 Cum. bbls / 1,000 FT BOPD / 1,000 FT 120 6,000 100 5,000 80 4,000 2015 60 2014…
Western Region Horned Frog Overview Gross Leasehold 4,402 Net Leasehold 4,063 % HBP 0% Top EPS 8,750' to 9,250' Assumed Spacing 700' WI% 92% NRI % 72% Nonengineered Locations Category Length PDP 0 5,000' 0 PUD 2 6,000' 0 PROB 17…
Horned Frog A1H Targeting Analysis Results 24
Central Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 11,382 Engineered Acreage Net Leasehold 10,897 % HBP 57% NonEngineered Acreage Top EPS 6,000' to 9,500' Southern Gonzales Lateral Lengths 5,000' to…
Central Region Southern Gonzales Overview Gross Leasehold 970 Net Leasehold 485 % HBP 100% Top EPS 8,700' to 9,500' Assumed Spacing 500'750' WI% 50% NRI % 38% Engineered Locations Category Length PDP 6 5,000' 0 PUD 0…
Central Region Pirate Area Overview Gross Leasehold 7,726 Net Leasehold 7,726 % HBP 57% Top EPS 6,000' to 8,500' Assumed Spacing 750 WI% 100% NRI % 78% Engineered Locations Category Length PDP 8 5,000' 5 PUD 15 6,000' 19 PROB 21…
Eastern Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 12,078 1 Engineered Acreage Net Leasehold 10,730 NonEngineered Acreage % HBP 33% Top EPS 6,500' to 12,000' Lateral Lengths 4,000' to 8,000' Aguila…
Carter Lake Offset Well Success Source: Apache Corp. August 2015 Investor Presentation 29
Lonestar Is WellPositioned In Brazos County Apaches Area A Source: Apache Corporation August Investor Presentation and Company data 30
Carter Lake Offset Well Success Reserve Categories Eagle Ford producer Apache Walker 1H- 2,121 BOEPD Eagle Ford location Apache Walker 3H- 1,264 BOEPD Proved (PUD) Probable (PROB) Possible (POSS) Apache Rae 3H- 988 BOEPD…
Eastern Region Central Brazos Area Overview Gross Leasehold 2,328 Net Leasehold 1,948 % HBP 35% Top EPS 9,800' to 10,500' Assumed Spacing 750 WI% 68% NRI % 51% Engineered Locations Category Length PDP 0 5,000' 0 PUD 0 6,000' 0 PROB…
Conventional Assets 3.5 MMBOE Proved Reserves 1 79% Crude Oil 11% of Lonestars Total Proved Reserves 691 BOEPD 2Q15 Production North Texas 59% Crude Oil & NGLs 12% of Lonestars Total Production LongLived Reserves with Low Capital…
2015 Guidance Average Daily Production Results & Guidance 2015 Eagle Ford Drilling Budget 74 to 83 million 6,500 16 gross / 14.2 net wells 6,000 Negligible spending on Conventional Assets, similar to 2014 5,500 Goal to essentially…
High Caliber Management Team Executive Previous Experience Biography Over 28 years experience in oil and gas finance Frank D. Bracken, III Previously Managing Director at Jefferies LLC, where he led 5 billion in oil and gas Chief…
EBITDA Assumptions EBITDA estimates are based on the following assumptions: Production estimates as set out in this presentation. The total number of planned wells at each asset is consistent with assumptions contained in the…
Loading...
