Investor Presentation November 2016 ENERGY HUNTER RESOURCES, INC.
Business Description Energy Hunter Resources (EHR) has been created by an experienced Management Team, led by Gary C. Evans, to acquire and develop properties within the most prolific resource plays in the United States South Texas Eagle…
Management Founded Magnum Hunter Resources Inc. (MHR 1.0) in 1985, and served as Chairman & CEO for 20 years before selling to Cimarex Energy (Symbol: XEC) in 2005, overseeing the growth of a company he started with Gary C. Evans an…
Proven Execution Team Value Through the Drill Bit Managements Operational Track Record in the Eagle Ford Management has successfully executed in the area, previously growing a small acreage position into an asset with 50 wells…
Proven Partners Management has engaged a group of top-tier service providers and industry experts to ensure the utmost quality execution in all facets of the business Reserve Engineers Auditors Netherland, Sewell & Associates, Inc.…
Competitive Advantages Industry veterans with a combined 100+ years experience in oil and gas and running public Seasoned companies Management Substantial history operating together as a team building shareholder value Team…
Business Strategy Smaller bite size and extensive industry relationships should give Energy Hunter Resources access to top-quality acreage at below-market prices Leverage Technology and Exploit Initial Asset Portfolio Operational…
Acquisition Criteria Basin & Unconventional Play Selection Goal is to acquire the best of the best at the best price Management actively assesses dealflow in targeted plays to find attractive acquisition opportunities with the objective…
Initial Asset Portfolio Overview The Gap Band and Mixon Projects consist of a combined 427 gross (400 net) acres located in the heart of the Eagle Ford Shale (EFS) along the Edwards trend in Karnes County, TX. Areas are prospective for…
The Opportunity - Mixon & Gap Band 14 wells can be drilled in the LEF formation on the two prospects LEF is 185 thick with an average net pay thickness of 155 Extensive An additional 10 wells can be drilled in the UEF, which is 67…
Initial Asset Base Reserve Profile(1) Estimated Reserves Present Worth Net Probable Reserves: 2,430 MBOE PV-10 (M): 18,749 Mixon 7,308 Oil Gap Band 61% 11,441 Gas 39% Based on the 24 potential drilling locations…
Prime Positioning in Core of Eagle Ford Play Lease Positions by Operator Estimated Ultimate Recovery (MBO) Current Acreage Ownership Average per Producing Well Karnes County Three of the top five Eagle Ford producers have…
Small IPO Satisfies Capital Needs for Initial Asset Portfolio Sources of Funds (000s) Uses of Funds (000s) Proceeds from Equity Raise 50,000 Initial Well Costs 11,250 Additional CapEx 22,500 Working Capital 12,000 Fees & Expenses(1)…
Illustrative Single Well Economics Gap Band KEY PROJECT ASSUMPTIONS TYPE CURVES Gap Band Gross Probable Reserves (MBO) 387 Complete Well Cost (000s) 5,625 93.75% First Production; Working Interest 87.5% Pay Out 70.31% First…
Illustrative Single Well Economics Mixon KEY PROJECT ASSUMPTIONS TYPE CURVES Mixon Gross Probable Reserves (MBO) 343 Complete Well Cost (000s) 5,625 93.75% First Production; Working Interest 87.5% Pay Out 70.31% First Production; Net…
Competitive Advantages Industry veterans with a combined 100+ years experience in oil and gas and running public Seasoned companies Management Substantial history operating together as a team building shareholder value Team…
APPENDIX
Gap Band Project Development Plan 2 - Upper Lower Eagle Ford 150 gross acres -5 to 8 Well Potential 5 - Lower Eagle Ford -Excellent Offset Results 7 - Total Locations -3415 to 3575 Laterals Anacacho Upper Current EFS M & W…
Gap Band Leasehold Position 21
Mixon Project Development Plan 277 gross acres -14 to 25 Well Potential -Excellent Offset Results 8 - Upper Lower Eagle Ford 9 - Lower Eagle Ford 17 - Total Locations Anacacho Upper Current EFS M & W Austin Chalk Development…
Mixon Leasehold Position 23
Eagle Ford Geology Early Upper Cretaceous Paleogeography & Geologic Section Karnes - EFS Modified from: Condon & Dyman, 2013, Petroleum Systems and Geologic Assessment of Undiscovered Oil and Gas, Navarro and Taylor Groups,…
Eagle Ford Permits Wells Permitted and Completed as of 10/1/2016 25
Austin Chalk Permits Permits Filed Since 1/1/2014 26
Eagle Ford Regional Extent Magnum - EFS Karnes - EFS 27
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