Company Profile Share Price History Current Team In Place Since 2012 10.00 100.0 Originally funded by Ecofin, UKbased capital group 9.00 Gradually built a team from Encore, Pioneer, Denbury 8.00 80.0 and Petrohawk 7.00 6.00…
Lonestars Track Record of Consistent Growth Net Acreage Eagle Ford Shale Trend Proved Reserves (MMBOE)1 45 40,000 40 35,000 35 30,000 30 25,000 25 20,000 20 15,000 15 10,000 10 5,000 5 0 0 Dec11 Dec12 Dec13 Dec14 Dec15…
Lonestars Growth Strategy People Are Key To Our Business Assembled Team of Senior Personnel from Encore, Pioneer, Denbury, Petrohawk. Flat Organization Capable of Rapid DecisionMaking Focused on Using Drilling/Completion/Production…
Drilling Activity Has Been Key to Continued Growth Lonestar Maintaining Capital Discipline to Preserve Liquidity 180 MM Borrowing Base, 84 MM Drawn at Yearend 2015 75% of Crude Oil Hedged at 68.70 / bbl for Bal16, Augmenting Cash Flow…
Experienced Management Team Executive Previous Experience Biography Over 29 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…
Proved Reserves Bridge 2014 to 2015 50.0 Proved Reserves Additions of 18.4 MMBOE Proved Reserves 45.0 up 30% to 668% Production 40.2 MMBOE Replacement 40.0 2.5 35.0 Proved Reserves (MMBOE) Production from 13.7 30.0…
Portfolio Focused on the Eagle Ford Total Eagle Ford Eastern Region Net Acres 35,492 Net Acres 1 10,878 Proved Locations 62 Proved Locations 10 Additional Locations 140 Additional Locations 60 Avg. W.I. 87% Avg. W.I. 95%…
Lonestars Footprint Across The Eagle Ford Is Significant 14 12 10 Counties With Completions 8 6 4 2 0 10
OPERATING CASH FLOW (/BOE) 10 15 20 25 30 35 40 0 5 NOG SYRG FANG EPE BBG DNR RSPP CRZO HK MRD EGN 1 P P V 1 0 ( m m ) 0 50 10 150 20 250 30 350 40 PDCE BarnetEFSAUM Dec102odayT 2015…
1 RECYCLYE RATIO FINDING & DEVELOPMENT COST (/ BOE) 10 15 20 25 30 35 40 0 5 1.0x 0.0x 1.0x 2.0x 3.0x 4.0x 5.0x 6.0x PDCE AR LNREF PDCE SYRG AREX AREX RRC EGN COG QEP PQ NOG RICE RSPP LNREF AR EQT…
1 RECYCLE RATIO FINDING & DEVELOPMENT COST (/BOE) 10 15 20 25 30 35 40 0 5 0.0x 1.0x 2.0x 3.0x 4.0x 5.0x 6.0x PDCE AR SYRG EQT AR UPL CLR PDCE AREX RRC REI COG UPL REXX LNREF RICE NOG AREX EGN GST…
The Value of Long Laterals Surface & Facilities Drilling Pad Wellhead Equipment Separation Storage Compression 0.4 MM Gathering 0.4 MM Vertical + Angle Lateral Length 5,000 Drilling Completion Completed Well Cost (MM) 4.2…
The Value of Long Laterals Surface & Facilities Drilling Pad Wellhead Equipment Separation Storage Compression 0.4 MM Gathering 0.4 MM Vertical + Angle Lateral 5,000 + 2,800 7,800 Drilling Completion Completed Well Cost (MM)…
Lonestars Drilling Locations Are Looooooooonnng Engineered Locations by Lateral Length (perforated interval in feet) 9,000 9,000 8,000 8,000 7,000 7,000 6,000 6,000 Lateral Length (') 5,000 5,000 4,000 4,000…
Eagle Ford Shale Asset Overview
Western Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 14,440 Net Leasehold 13,433 % HBP 62% Top EFS 6,000' to 9,250' Engineered Acreage Lateral Lengths 4,000' to 8,000' NonEngineered Acreage Assumed…
Technology Advancements Beall Ranch Burns Ranch Locator Map Beall Ranch Eagle Ford Target Refinement 26-28H 32-34H Beall Ranch Well Highlights Beall Ranch Eagle Ford Offset Cumulative to Date 200 16,000 After drilling and…
GeoEngineered Completion Alliance Integrated Approach to Drilling, Completion, Stimulation & Production of Eagle Ford Laterals Technical Process Application Experience Vertical Pilot Logs Used To Select Geotarget to Optimize Both…
Central Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 11,666 Net Leasehold 11,181 Engineered Acreage South Gonzales % HBP 57% NonEngineered Acreage Top EFS 6,000' to 9,500' Lateral Lengths 5,000' to…
Eastern Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 12,136 Engineered Acreage Net Leasehold 10,878 NonEngineered Acreage % HBP 33% Top EFS 6,500' to 12,000' Aguila Vado Lateral Lengths 4,000' to…
Conventional Assets Stability & Free Cash Flow
Conventional Assets 2.2 MMBOE Proved Reserves 1 79% Crude Oil 5% of Lonestars Total Proved Reserves 660 BOEPD 4Q15 Production North Texas 60% Crude Oil & NGLs 8% of Lonestars Total Production LongLived Reserves with Low Capital…
Appendix
High Caliber Management Team (Contd) Executive Previous Experience Biography Engineer with 13 years of experience in drilling and completions Joe Young Positions of increasing responsibility at Schlumberger Manager Drilling &…
Eastern Region Competitor Activity Source: Apache Corp. August 2015 Investor Presentation 30
Lonestar Is WellPositioned In Brazos County Apaches Area A Wildcat Source: Apache Corporation August Investor Presentation and Company data 31
Wildcat Offset Well Success Apache Walker 1H- 1,897 BOEPD Wildcat Apache Walker 3H- 1,973 BOEPD Area A Reserve Categories Eagle Ford producer Apache Rae 3H- 1,587 BOEPD Eagle Ford location Apache Rae 4H- 1,520 BOEPD Proved…
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