Company Profile Share Price History Current Team In Place Since 2012 25.00 50 Originally funded by Ecofin, UK-based capital group Gradually built a team from Encore, Pioneer, Denbury 20.00 40 and Petrohawk Volume ('000…
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 Dec-11 Dec-12 Dec-13 Dec-14…
Lonestars Growth Strategy People Are Key To Our Business Assembled Team of Senior Personnel from Encore, Pioneer, Denbury, Petrohawk. Flat Organization Capable of Rapid Decision-Making Focused on Using Drilling/Completion/Production…
Drilling Activity Has Been Key to Continued Growth Lonestar Maintaining Capital Discipline to Preserve Liquidity 120 MM Borrowing Base, 99 MM Drawn at June 30, 2016 2,692 Bopd of Crude Oil Hedged at a weighted average 69.57 / bbl for…
Experienced Management Team Executive Previous Experience Biography 30 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 transactions…
Portfolio Focused on the Eagle Ford Total Eagle Ford Eastern Region Net Acres 1 36,514 Net Acres 1 10,890 Proved Locations 59 Proved Locations 10 Additional Locations 138 Additional Locations 60 Avg. W.I. 85% Avg. W.I. 73%…
Lonestars Footprint Across The Eagle Ford Is Significant 14 12 10 Counties With Completions 8 6 4 2 0 9
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 in the Eagle Ford 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…
The Value of Long Laterals in the Eagle Ford 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…
Lonestars Drilling Locations Are Looooooooonnng Engineered Locations by Lateral Length (perforated interval in feet) 10,000 10,000 9,000 9,000 8,000 8,000 7,000 7,000 6,000 6,000 Lateral Length (') 5,000 5,000…
Eagle Ford Shale Asset Overview
Geo-Engineered Completion Alliance Integrated Approach to Drilling, Completion, Stimulation & Production of Eagle Ford Laterals Technical Process Application Experience Vertical Pilot Logs Used To Select Geo-target to Optimize Both…
Western Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 15,208 Net Leasehold 13,413 % HBP 90% Engineered Acreage Top EFS 6,000' to 9,250' Lateral Lengths 4,000' to 10,000' Non-Engineered Acreage…
Technology Advancements- Beall Ranch Beall Ranch Locator Map Beall Ranch Eagle Ford Well Costs 6.0 7,000' Location & Facilities Drilling Completion Lateral Length 5.0 6,000' Average Total Well Cost (MM) Perforated…
Central Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 12,695 Net Leasehold 12,210 Engineered Acreage South Gonzales % HBP 44% Non-Engineered Acreage Top EFS 6,000' to 9,500' Lateral Lengths 5,000' to…
Eastern Region Summary Overview Lonestars Properties & Offset Wells Gross Leasehold 14,934 Net Leasehold 10,890 Engineered Acreage % HBP 45% Non-Engineered Acreage Top EFS 6,500' to 12,000' Lateral Lengths 4,000' to 8,000'…
Conventional Assets Stability & Free Cash Flow
Conventional Assets 2.2 MMBOE- Proved Reserves 1 79% Crude Oil 5% of Lonestars Total Proved Reserves 582 BOEPD- 2Q16 Production North Texas 65% Crude Oil & NGLs 9% of Lonestars Total Production Long-Lived Reserves with Low…
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 Drilling…
Glossary 1P reserves means proved reserves. 2P reserves means proved plus probable reserves. bbl means barrel. boe means barrels of oil equivalent, determined using a ratio of 6 Mcf of natural gas to 1 bbl of condensate or crude oil…
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