3 Company Profile NYSE MKT: EPM Vital Statistics Texas / Gulf Coast Focus Overview (FiscalYear End June 30) NewYork Stock Exchange EPM Shares Outstanding (8/1/2016) 32.9MM Dilutive Securities (8/1/2016) 0.1 MM Fully Diluted…
4 RECOVERING MORE OIL NYSE MKT: EPM Generating Returns for Shareholders How We Allocate Capital Applying Innovative Engineering The engineering must be understandable and economics make sense To Generate Cash Flow to Into…
5 Financial Statements NYSE MKT: EPM Balance Sheet (as of March 31, 2016) Income Statement (nine months ended March 31, 2016) (/000s) (/000s) Cash (a) 14,006 Delhi Field oil revenues & other 19,109 Other current assets 2,755…
6 Settlement of Litigation NYSE MKT: EPM Improved Relationship with Operator All Litigation with Delhi Operator Settled in late June 2016 In a comprehensive resolution of all issues, Evolution received: Cash Payment of 27.5MM…
7 New Credit Agreement NYSE MKT: EPM Strengthens Financial Flexibility 50MM Reserve-Based Credit Agreement with MidFirst Bank Financially Strong Private Bank Initial Borrowing Base of 10MM Based on Max EPM Needs Attractive Rate…
8 Separation of GARP NYSE MKT: EPM Artificial Lift Technology Operations Late 2015 BOD Decision to Separate GARP Operations into Independent Well Lift, Inc. Majority Owned by GARP Employees EPM Retains Minority Interest With…
9 Investment Considerations NYSE MKT: EPM Financially Strong and Shareholder Friendly High Quality Asset Base w/ Near-Term Growth Catalysts Extremely Long-Lived Production (20 +Years; Much Longer with Modestly Higher Oil…
Long-Lived Foundation Oil Resource
11 Delhi Field NYSE MKT: EPM CO2 Enhanced Oil Recovery Asset Huge Resource Delhi Field EOR Project Development 418 MMBO of Gross Original Oil In Place 195 MMBO Production Prior to EOR Project, 11+ MMBO Since Recent Oil…
12 High Value Interests NYSE MKT: EPM Delhi Field Interest Profile 7.2%* 7.2%* of gross revenues Royalty No CapEx Interest or OpExever 26.2% Net Revenue Interest Reversion 23.9% occurred Working Nov-2014 Interest & Bears…
13 Delhi EOR Production Profile NYSE MKT: EPM 10,000 Delhi Field Oil and NGL Production 1,000 Barrels Per Day Gross BOPD Since Reversion 8,000 7,500 7,000 6,500 100 Reversion of Working Interest (Nov-2014)…
15 High Quality Reserves NYSE MKT: EPM Long Project Life with Future Development Currently Updating Reserves as of June 30, 2016 SEC Average Realized Oil Price of 40.91 per Bbl for period of July 2015 through June 2016 Field…
16 NGL Recovery Plant NYSE MKT: EPM Major Growth Catalyst Construction of the NGL Plant is Approximately 90% Complete Technical Completion Date Projected for November 1, 2016 Production of 2,000 Gross Bbls NGL / Day Expected…
17 NGL Recovery Plant NYSE MKT: EPM Construction in Progress
18 Continuing Expansion NYSE MKT: EPM Delhi Field Development Plan Multiple Projects To Build Expand CO2 Flood to Long-Term Additional Thinner Value Expand CO2 Intervals Flood to (Price Dependent) Eastern Half of Delhi…
Well-Positioned to Endure and Capitalize
20 Liquidity and Investment NYSE MKT: EPM Shareholder Friendly Common 0.20 Per Dividends Common Share 17.9 MM Liquidity (Mar 31, 2016) 26 MM Returned to Common Preferred Dividends 674 M per Year Shareholders Working Since…
7.0x 3.0x 5.0x 0.0x 1.0x 4.0x 8.0x 2.0x 6.0x 9.0x XCO WTI EXXI SFY SN HK LGCY REN WRES TPLM NYSE MKT: EPM MHR PVA CWEI CRK Chapter 11 the list filed 8 Companies REXX on this end of SGY…
22 Hedging Program NYSE MKT: EPM Protection of Capital Program/Dividends BOD Decision in Late Spring of 2015 to Enter Into Price Risk Management Strategy Primarily Defensive to Assure Funds for 25MM Capex on NGL Plant Up to…
24 Summary NYSE MKT: EPM Recovering More, Generating Returns Accretive Growth Delhi Field Production Increasing From Ongoing CO2 Flood Development Low-Cost Reserves Additions and Upgrades Installation of NGL Plant at Delhi…
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