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February 2016 Investor Presentation – Panhandle Oil and Gas Inc.

Panhandle Oil and Gas Inc. · Feb 29, 2016 · 44 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 1
    PHX LISTED NYSE
  2. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 2
    Panhandle Oil and Gas Inc. (PHX) Overview UNCONVENTIONAL BUSINESS MODEL = THE MINERAL ACREAGE ADVANTAGE Non-operator, participating principally with the largest E&Ps Selective participation with working interest in most economically…
  3. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 3
    PHX Business Model Lower Risk, Higher Returns DIRECT O WNERSHIP O F MINERAL RIGHTS = THE MINERAL A CREAGE A DVANTAGE PHX mineral acreage has extremely low cost basis (approximately 90/acre) Minerals ownership lowers PHX well costs…
  4. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 4
    PHX Business Model Lower Risk, Higher Returns N ON -O PERATED DRILLING PROGRAM = U SE MINERAL O WNERSHIP A S LEVERAGE Large mineral acreage ownership position provides diversity in drilling projects without additional acreage costs…
  5. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 5
    THE MINERAL ACREAGE ADVANTAGE (Economic Impact of Working Interest Participation on Mineral Acres) Typical SCOOP Woodford Shale Well Finding Cost, /Mcfe Rate of Return, % (BTAX) 1.6 30 28% ASSUMPTIONS: 1.4 25 W.I. NRI 1.2 65%…
  6. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 6
    PHX Business Model Diversified Revenue Sources 73% of revenues from non-operated W.I. production Oil and gas revenues from non-operated working interest (W.I.) production with premier operators Ability to participate in the best…
  7. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 7
    Royalty Production and Revenue History 50 6.00 Royalty Volume Bcfe Royalty Revenue Million 5.50 45 PHX has over 4,600 identified undeveloped locations and 199,000 mineral acres not currently producing available to feed continued…
  8. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 8
    Financial Highlights First Quarter 2016 CONDENSED BALANCE SHEET DECEMBER 3 1 , 2 0 1 5 Current assets 9,066,910 Property and equipment 450,066,670 Less accumulated DD&A (234,432,151) Net property and equipment 215,634,519 Other…
  9. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 9
    Financial Highlights First Quarter 2016 FIRST Q UARTER 2016 2015 Oil, NGL and natural gas sales 9,055,288 19,519,700 Total revenue (1) 11,462,125 30,999,170 Net income (loss) (2,799,118) 10,233,761 Earnings per share (0.17) 0.61 Net…
  10. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 10
    Price Risk Mitigation Through Hedging DURATION MONTHLY VOLUME PRICES Gas Dec-May 2016 80,000 mmbtu 2.50 floor/3.10 ceiling Jan-Mar 2016 100,000 mmbtu 1.75 floor/1.90 ceiling Jan-Sept 2016 80,000 mmbtu 2.15 floor/2.50 ceiling…
  11. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 11
    Asset Pyramid Probable and possible undeveloped reserves on fee mineral acres in the Fayetteville Shale, Oklahoma Woodford Shales and Western Oklahoma/Texas Panhandle horizontal oil plays and held Probable and by production…
  12. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 12
    0 5 10 15 20 25 30 12. 31 .20 0 0 12. 31 .20 0 1 12. 31 .20 0 2 12. 31 .20 0 3 12. 31 .20 0 4 Net of Dividends 12. 31 .20 0 5 PHX Stock Price History 12. 31 .20 0 6 12. 31 .20 0 7 12. 31…
  13. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 13
    PHX Investment Strategy & Current Activity Maintain the disciplined and consistent long term investment philosophy of only investing in projects that we believe will earn reasonable rates of return at NYMEX futures pricing Provide a…
  14. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 14
    Mineral Holdings Significant Mineral Acreage Holdings 120 Net Acres (Thousands) 100 80 60 40 20 0 OK NM TX ND AR Leasehold 15 February 2016 Investor Presentation
  15. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 15
    Reserve Statistics Proved reserves at Year-End 2015 Proved developed reserves - 108.1 Bcfe PUD reserves - 71.9 Bcfe or 40% of total proved reserves Proved SEC Flat Pricing PV10 - 144.2 million (2.84/Mcf, 55.27/Bo & 19.10/Bngl…
  16. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 16
    500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 0 MCFE 3.3 1. 2 008 6.3 0. 2 008 9.3 0. 2 008 12. 31. 200 3.3 8 1. 2 009 6.3 0. 2 009 9.3 0. 2 12. 009 31. 200…
  17. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 17
    Year-End 2015 Reserves and First Quarter 2016 Production and Revenue by Product Gas NGL Oil 120 100 23% 80 33% 20% 46% 10% 29% 53% 60 9% 7% 40 67% 71% 47% 20 0 Year-End First Quarter First Quarter 2015 2016…
  18. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 18
    3P Undeveloped Reserves Per Debt Adjusted Share Reserves per Share 70.0 60.0 63.37 50.0 Mcfe/Share 49.92 50.01 40.0 41.63 38.99 41.03 30.0 27.52 20.0 19.69 10.0 0.0 2008 2009 2010 2011 2012 2013 2014…
  19. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 19
    Permian Basin Andrews & Winkler Counties Project 20 February 2016 Investor Presentation
  20. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 20
    Permian Basin Andrews & Winkler Counties Project 21 February 2016 Investor Presentation
  21. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 21
    Permian Basin Andrews & Winkler Counties Project Panhandle leased out 2,440 contiguous net mineral acres on the central basin uplift in Andrews and Winkler Counties, Texas The lease covers a 43.6 square mile area The block has…
  22. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 22
    Permian Basin Cochran Co. San Andres Project 23 February 2016 Investor Presentation
  23. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 23
    Permian Basin Cochran Co. San Andres Project 24 February 2016 Investor Presentation
  24. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 24
    Permian Basin Cochran Co. San Andres Project Panhandle leased out 4,052 contiguous net mineral acres on the northwest shelf of the Midland Basin in Cochran Co. Texas The lease covers a 34.5 square mile area The operator intends to…
  25. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 25
    Western & South Central Oklahoma 26 February 2016 Investor Presentation
  26. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 26
    CANA Woodford and SCOOP Woodford/Springer Plays Diverse mineral ownership across initial plays Interest (WI or RI) in 11% of all producing wells in the play PHX wells primarily operated by Devon, Cimarex, Continental, Newfield and…
  27. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 27
    SCOOP/STACK/CANA Plays Devon, Continental, Newfield Stack Meramec/ Woodford Devon, Cimarex, Continental Cana Woodford Continental, Newfield, Marathon SCOOP Woodford/Springer XTO 28 February 2016 Investor…
  28. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 28
    Eagle Ford Locator Map PHX 29 February 2016 Investor Presentation
  29. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 29
    Eagle Ford Current production 607 Boepd 71 producing wells (67 Eagle Ford and 4 Pearsall), 1 well waiting on completion 107 additional undeveloped Eagle Ford locations Proved Reserves 76% Crude Oil, 13% NGL & 11% Natural Gas…
  30. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 30
    PHX Eagle Ford Shale Leasehold Acreage and Active Wells 31 February 2016 Investor Presentation
  31. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 31
    The Panhandle Oil and Gas Advantage Broadly diversified perpetual mineral holding/growing HBP leasehold Total US mineral ownership of 255,000 acres with geographic and product diversity Substantial advantage in capital efficiency…
  32. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 32
    Appendix Slides PHX LISTED NYSE
  33. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 33
    Year-End 2015 SEC Proved Reserves 34 February 2016 Investor Presentation
  34. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 34
    Year-End 2015 SEC Proved Reserves 35 February 2016 Investor Presentation
  35. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 35
    Year-End 2015 Proved, Probable and Possible Reserves 36 February 2016 Investor Presentation
  36. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 36
    Unit Costs Per MCFE DD&A LOE/Prod Tax G&A Interest 8.00 7.00 6.00 5.00 Total Total /Mcfe 4.51 Total 4.24 Total Total 3.78 0.65 3.87 4.00 0.49 Total Total 3.29 0.11 Total 3.43 3.40 0.63 3.27 0.03 0.90 0.53 1.30…
  37. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 37
    Annual Production Per Debt Adjusted Share Gas-Mcf Oil & NGL Mcfe Gross Producing Wells 2.00 7,000 1.80 6,195 6,105 6,019 6,000 Total Total 1.59 1.60 Total 1.63 5,666 1.50 5,107 5,000 1.40 4,989 0.38 0.46 4,861 0.24…
  38. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 38
    Proved Reserves Per Debt Adjusted Share Proved Developed Reserves Per Share Proved Undeveloped Reserves Per Share 28.00 26.00 24.00 Total Total 22.00 23.84 20.81 20.00 Total Mcfe/Share 17.56 10.51 18.00 8.32 16.00…
  39. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 39
    S.E. Oklahoma Woodford Shale 40 February 2016 Investor Presentation
  40. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 40
    Southeastern Oklahoma Woodford Shale Diverse mineral ownership across the play Interest (WI or RI) in 16% of all producing wells in the play PHX wells primarily operated by Newfield, Devon, BP and PetroQuest Current production 3.5…
  41. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 41
    Southeastern Oklahoma Woodford Shale Play Outline Newfield, Devon, BP, Petroquest, XTO 42 February 2016 Investor Presentation
  42. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 42
    Arkansas Fayetteville Shale 43 February 2016 Investor Presentation
  43. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 43
    Arkansas Fayetteville Shale Diverse mineral and leasehold ownership across the play Interest (WI or RI) in 23% of all producing wells in the play PHX wells primarily operated by Southwestern Energy Current production 10.5 Mmcfe per…
  44. February 2016 Investor Presentation – Panhandle Oil and Gas Inc. – slide 44
    Arkansas Fayetteville Shale 45 February 2016 Investor Presentation

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