Lonestar Resources US Inc. Investor Presentation December 2016
Lonestar Highlights Core Eagle Ford 36,785 net acre Eagle Ford position which is 100% operated with an average WI of 85% Position with Substantial de-risked drilling inventory: 143 net potential locations including 54 PUD locations…
Experienced Management Team Executive Previous Experience Biography 37 years experience in the oil and gas industry John H. Pinkerton Founder, Chairman and Chief Executive Officer Range Resources Chairman of the Board Built Range…
Track Record of Growth Through Technical Excellence Focused on returns every step of the way Acquiring leasehold that allows for extended reach lateral development and achievement of hurdle rate returns Better Aggregate smaller…
Asset Overview
Company Profile Eagle Ford Shale Play 3Q16 Production Eastern 5.8 MBoe/d NGLs 21% Oil Gas 54% 25% Central Proved Reserves Western 39.9 MMBoe NGLs 19% Gas Oil 24% 57% Engineered Acreage Non-Engineered Acreage…
Lonestars Inventory of Extended Reach Drilling Locations 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…
The Value of Extended Reach 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…
Geo-Engineered Completion Alliance with SLB 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…
Asset Detail
Western Region Summary Overview (as of 9/30/16) Lonestars Properties & Offset Wells Gross Leasehold 15,208 Net Leasehold 13,413 % HBP 90% Engineered Acreage Top EFS 6,000' to 9,250' Non-Engineered Acreage Lateral Lengths 5,200'…
Technology Advancements- Beall Ranch Beall Ranch Locator Map Beall Ranch Eagle Ford Well Costs Per Foot 1,400 Average Well Cost Per Lateral Foot (/ft) 1,200 1,000 800 600 26-28H 32-34H 400 200 20-22H 0 32H-34H…
LaSalle County Performance Update Burns Ranch Burns Ranch Leasehold Acquisitions Burns Ranch Area Summary In 5 different transactions, Lonestar assembled 4,013 net acres on its Burns Ranch LONE has grown its leasehold property at a…
Central Region Summary Overview (as of 9/30/16) Lonestars Properties & Offset Wells Gross Leasehold 13,170 Engineered Acreage Net Leasehold 12,481 Cyclone Non-Engineered Acreage % HBP 53% Top EFS 6,000' to 9,500' Lateral Lengths…
Gonzales County Performance Update - Cyclone Cyclone Area Summary Cyclone Leasehold September 30, 2016 Seeking to build on the success of its neighboring Harvey Johnson wells, Lonestar Leased initially leased 1,450 gross acres in…
Eastern Region Summary Overview (as of 9/30/16) Lonestars Properties & Offset Wells Gross Leasehold 14,935 Engineered Acreage Net Leasehold 10,891 % HBP 45% Non-Engineered Acreage Top EFS 6,500' to 12,000' Lateral Lengths 5,200'…
Financial Overview
Late 2015 - 2016 Lonestar Financial Transition December 2015: Lonestar agrees to a joint venture with Schlumberger to improve to Drilling, Completion, Late Stimulation & Production of Eagle Ford Laterals 2015 February 25, 2016:…
2017 Capital Expenditure Budget Lonestars 2017 capital expenditure plan calls for the drilling of 12 net wells and investing between 62 and 72 million Focus of the 2017 budget will be in Western and Central areas Lonestar has…
Lonestar Highlights Core Eagle Ford 36,785 net acre Eagle Ford position which is 100% operated with an average WI of 85% Position with Substantial de-risked drilling inventory: 143 net potential locations including 54 PUD locations…
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…
Lonestars Footprint Across The Eagle Ford Is Significant 14 12 10 Counties With Completions 8 6 4 2 0 26
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