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Roth Conference – Contango Oil & Gas Co.

Contango Oil & Gas Co. · Mar 17, 2017 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Roth Conference – Contango Oil & Gas Co. – slide 1
    Enhancing Value. Expanding the Opportunity. ROTH CONFERENCE Disciplined Value Enhancement (NYSE Mkt: MCF) MARCH 13, 2017
  2. Roth Conference – Contango Oil & Gas Co. – slide 2
    WHY INVEST IN CONTANGO NOW As of March 1, 2017, 13,200 (6,600 net) mostly contiguous undeveloped gross operated acres Attractive Delaware Basin Multi-stack play in Wolfcamp and Bone Springs, which creates 39,600 effective gross…
  3. Roth Conference – Contango Oil & Gas Co. – slide 3
    COMPANY OVERVIEW (US in millions, except where otherwise noted) Current Capitalization Gulf Coast and Rocky Mountain Operator Share Price (As of 12/31/16) 9.34 Diluted Shares Outstanding (mm) 25.3 Equity Value 236 Enterprise Value…
  4. Roth Conference – Contango Oil & Gas Co. – slide 4
    2017 INVESTMENT PHILOSOPHY AND STRATEGY Manage capex to preserve balance sheet and liquidity Hedged approximately 50% of our forecasted PDP natural gas production for 2017 and Maintain a Strong 54% of our forecasted PDP crude…
  5. Roth Conference – Contango Oil & Gas Co. – slide 5
    COMPANY UPSIDE POTENTIAL (1) Permian Texas Onshore Rockies Southern Delaware SETX/STX Wyoming Pecos Madisonville/Karnes N. Cheyenne Muddy Potential Gross Locations 200 (2) 158 227 Average WI/NRI 41%/32% 71%/55% 80%/64% Average…
  6. Roth Conference – Contango Oil & Gas Co. – slide 6
    DELAWARE ACQUISITION INVESTMENT HIGHLIGHTS Offers a foothold in one of the most prolific and economic plays in the country Creates Permian Provides inventory diversification with compelling economics at current prices Presence…
  7. Roth Conference – Contango Oil & Gas Co. – slide 7
    SOUTHERN DELAWARE BASIN REGIONAL SIGNIFICANT WELLS / EVENTS Oxy Contango Diamondback Acquisition of JCT/Patriot Lonestar Gunfighter 1H Acquisition of Luxe Metrics: Oxy TD 20,801 Metrics: 30K/undeveloped acre 10,074 Completed Lateral…
  8. Roth Conference – Contango Oil & Gas Co. – slide 8
    SOUTHERN DELAWARE BASIN BULLSEYE PROSPECT WELL ORDER AND OFFSETS 1) Diamondback 7) Halcon McCombs State 2 1H Connie 1H Max Month: 507 Boe/d Max Month: 764 Boe/d Lat. Length: 4,234 1 5 12 6 7 8 9 Lat. Length: 5,910 Cum: 116 MBOe 26…
  9. Roth Conference – Contango Oil & Gas Co. – slide 9
    SOUTHERN DELAWARE BASIN DELAWARE BASIN WOLFCAMP AND BONE SPRINGS TYPE LOG BLUEBONNET_OIP 0 1 0 OIP CALCOIP 1 POROSITY OIP CALC POROSITY LLD PHIDEDIT 0 0.2 2000 0.3 0 AVALON SHALE SOUTHERN DELAWARE BASIN 8000 WOLFCAMP…
  10. Roth Conference – Contango Oil & Gas Co. – slide 10
    SOUTHERN DELAWARE BASIN TYPE CURVE DERIVATION Offset Data Normalized to 10,000 Lateral 350 (1) 300 250 Cumulative Oil Production, MB 200 Type Curve 150 Lateral Length 10,000 100 24 Hr. IP, Bopd 1,200 B Factor…
  11. Roth Conference – Contango Oil & Gas Co. – slide 11
    CORE ONSHORE TEXAS South Texas Southeast Texas Acreage & Inventory Acreage & Inventory Total Net Acres 76,800 / 7,900 prospective for Buda and Eagle Ford Total Net Acres 20,000 / 13,700 in Madison and Grimes Co.s Avg. Working Int.…
  12. Roth Conference – Contango Oil & Gas Co. – slide 12
    ROCKIES WYOMING PROJECT OVERVIEW Acreage & Inventory Sheridan Campbell Total Net Acres 35,000 Crook Muddy Sandstone Formation - Weston County WYOMING NORTH CHEYENNE PROJECT OVERVIEW Working Interest 80% Locations 227…
  13. Roth Conference – Contango Oil & Gas Co. – slide 13
    CORE ASSET PORTFOLIO Core Development with Stable Production Base Mature Resource Play Early Stage Resource Play Substantial Inventory & Cash Flow Southern Delaware Basin Offshore Gulf of Mexico Texas Onshore Rockies EI 11…
  14. Roth Conference – Contango Oil & Gas Co. – slide 14
    STRONG FINANCIAL POSITION Liquidity and Leverage Profile Low Leverage and Strong Coverage vs. Peers (US in millions, except where otherwise noted) 12/31/16 Debt / LTM EBITDA (1)(2) Current Borrowing Base 140 5.3 (-) Bank Debt…
  15. Roth Conference – Contango Oil & Gas Co. – slide 15
    WHY INVEST IN CONTANGO Proven Developed Asset Base Significant Onshore Development Potential with Focus on Permian Experienced Management Team Conservative Debt Profile with Ample Liquidity Well positioned to…
  16. Roth Conference – Contango Oil & Gas Co. – slide 16
    Enhancing Value. Expanding the Opportunity. APPENDIX Disciplined Value Enhancement (NYSE Mkt: MCF)
  17. Roth Conference – Contango Oil & Gas Co. – slide 17
    OFFSHORE STABLE CASHFLOW GENERATOR Net Proved Reserves (12/31/2016)(1) Map of Locations Producing Platforms and Prospects Producing Platforms and Prospects 76.0 Natural Gas (Mmcf) 0.5 Oil and Condensate (Mmbbls) LOUISIANA 2.2…
  18. Roth Conference – Contango Oil & Gas Co. – slide 18
    OFFSHORE STABLE CASHFLOW GENERATOR (CONT.) Compact, concentrated position Depletion drive reservoir with predictable, low decline Dutch 1 Discovery Eugene Island Field Cib Op Structure Map Cumulative Production for Entire…
  19. Roth Conference – Contango Oil & Gas Co. – slide 19
    MANAGEMENT Current Position and Past Experience President, Chief Executive Officer and Director President / CEO, Contango Oil & Gas Company (since 2005 through merger with Crimson) Allan D. Keel VP / GM, Westport Resources…
  20. Roth Conference – Contango Oil & Gas Co. – slide 20
    RESERVES AT 12/31/16 Reserve Category Net Oil, Mb Net NGL, Mb Net Gas, Mb Net Mmcfe SEC PW 10, M 12/31/16 SEC Price Offshore PDP 454 2,241 76,018 92,190 112,677 Onshore PDP 1,534 719 10,089 23,608 28,806 Onshore PNP 169 549 9,289…

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