Disciplined Value Enhancement (NYSE Mkt: MCF) 3 WHY INVEST IN CONTANGO NOW? (1) Well level returns excluding purchase price. ~50 locations in the Wolfcamp A, B and Bone Springs, each based on 10,000? lateral length. Returns based on…
Disciplined Value Enhancement (NYSE Mkt: MCF) 4 Legacy Texas Rockies Gulf Coast and Rocky Mountain Operator Gulf of Mexico COMPANY OVERVIEW Q2 2016 Production Breakdown By Region By Commodity Note: Enterprise Value is not…
Disciplined Value Enhancement (NYSE Mkt: MCF) 2016 CAPITAL PROGRAM 5 ? Maintain a strong and flexible financial position by managing capex to preserve balance sheet and liquidity ? Concentrate capital program on newly acquired…
Disciplined Value Enhancement (NYSE Mkt: MCF) 6 COMPANY UPSIDE POTENTIAL (1) (1) Based on internal company estimates. See the Disclaimer included in the Appendix to this presentation. (2) Based on 3 benches on 1,000 foot spacing and…
Disciplined Value Enhancement (NYSE Mkt: MCF) 7 DELAWARE ACQUISITION INVESTMENT HIGHLIGHTS Experienced Management Team Financial Strength and Flexibility Creates Permian Presence ? Transaction offers a foothold in one of the…
Disciplined Value Enhancement (NYSE Mkt: MCF) ? ~12,000 gross undeveloped acres/5,000 net acres to MCF with ~41% operated WI ? Within primary basin development area of Wolfcamp and emerging Bone Springs ? Multiple pay bench…
Disciplined Value Enhancement (NYSE Mkt: MCF) Asset Overview Activity and Multiple Target Area Drilling in Progress Waiting on Completion Wolfcamp B Completion Wolfcamp A Completion Bone Springs Completion Pecos New IP: 987…
Disciplined Value Enhancement (NYSE Mkt: MCF) AVALON SHALE 1ST BONE SPRINGS 2ND BONESPRINGS MOST ACTIVE 3RD BONE SPRINGS SOUTHERN DELAWARE BASIN WOLFCAMP AND BONE SPRINGS TYPE LOG * TYPE LOG IS LOCATED ON PROJECT ACREAGE…
Disciplined Value Enhancement (NYSE Mkt: MCF) SOUTHERN DELAWARE BASIN TYPE CURVE DERIVATION 12 (1) Internal estimates. Refer to ?Disclaimer? section for additional discussion regarding offset well performance. (1) The 20 closest…
Disciplined Value Enhancement (NYSE Mkt: MCF) 13 Stable Production Base & Cash Flow Mature Resource Play Early Stage Resource Play Offshore Gulf of Mexico Texas Onshore Rockies ? Three shallow water platforms (Eugene Island,…
Disciplined Value Enhancement (NYSE Mkt: MCF) OFFSHORE ? STABLE CASHFLOW GENERATOR 14 (1) Offshore reserves based on William M. Cobb & Associates proved reserve report as of 12/31/2015 at SEC pricing.. Producing Platforms and…
Disciplined Value Enhancement (NYSE Mkt: MCF) 15 OFFSHORE ? STABLE CASHFLOW GENERATOR (CONT.) Dutch #1 Discovery Eugene Island Field Cib Op Structure Map ? Compact, concentrated position ? Depletion drive reservoir with predictable,…
Disciplined Value Enhancement (NYSE Mkt: MCF) 16 CORE ONSHORE TEXAS South Texas Acreage & Inventory Total Net Acres 81,900 / 8,900 prospective for Buda and Eagle Ford Avg. Working Int. 54% Locations 25 Well Play Information ? Eagle…
Disciplined Value Enhancement (NYSE Mkt: MCF) WYOMING ? NORTH CHEYENNE PROJECT OVERVIEW 17 Weston Crook Converse Niobrara Campbell MCF N. Cheyenne Project Crook Weston Sheridan Campbell Johnson Natrona Converse Niobrara…
Disciplined Value Enhancement (NYSE Mkt: MCF) (1) After giving effect to the July 2016 issuance and sale of common stock and the application of the net proceeds. (2) Peers include AXAS, BBG, ESTE, JONE, REI, SN, SYRG. Debt and LTM…
Disciplined Value Enhancement (NYSE Mkt: MCF) 22 MANAGEMENT Current Position and Past Experience ? President, Chief Executive Officer and Director ? President / CEO, Contango Oil & Gas Company (since 2005 through merger with Crimson)…
Disciplined Value Enhancement (NYSE Mkt: MCF) 23 (1) Present value discounted at 10% using SEC Pricing @ 12/31/15. (2) Represents proved reserves attributable to the Company?s 37% unconsolidated equity interest in Exaro. RESERVE…
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