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Intellisight Investor Conference – Panhandle Oil and Gas Inc.

Panhandle Oil and Gas Inc. · Aug 23, 2017 · 33 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. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 1
    1 PHX LISTED NYSE
  2. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 2
    Panhandle Oil and Gas Inc. Overview COMPANY DESCRIPTION Mineral ownership based oil and gas exploration and production Founded in 1926 as a Cooperative Royalty Association Went public in 1979 as a C-corporation Market Cap - 336…
  3. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 3
    Panhandle Oil and Gas Inc. Overview COMPANY OBJECTIVE Grow long term share price by investing in high rate of return drilling on company minerals and leasehold, and the acquisition of additional mineral and leasehold rights Return a…
  4. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 4
    % Increase 1000 1200 1400 1600 1800 2000 0 200 400 600 800 12.31.1996 12.31.1997 12.31.1998 12.31.1999 NYSE:PHX 12.31.2000 12.31.2001 12.31.2002 Net of Dividends 12.31.2003 12.31.2004…
  5. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 5
    Panhandle Oil and Gas Inc. Overview MINERAL AND LEASEHOLD ASSETS The Companys foundation is 255,000 net acres of perpetually-owned mineral rights 56,818 net mineral acres are producing 14,559 net mineral acres are leased 183,627…
  6. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 6
    Panhandle Oil and Gas Inc. Overview MINERAL AND LEASEHOLD ASSETS Bakken Shale STACK/Cana SCOOP Granite Wash Fayetteville Shale Permian Basin Southeast OK Woodford Shale Permian Basin Eagle Ford Shale Oil Window 7…
  7. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 7
    THE MINERAL ACREAGE ADVANTAGE Economic Impact of Working Interest Participation on Mineral Acres Example: STACK/CANA Woodford Shale Well Finding Cost, /Mcfe Rate of Return, % (BTAX) 1.6 50 45 W.I. NRI 1.4 ASSUMPTIONS: 38% 40…
  8. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 8
    Panhandle Oil and Gas Inc. Overview COMPANY OPERATIONS The Company owns interest in 6,200 gross producing wells 2,200 wells working interest; the majority also have royalty interest associated with our mineral acreage ownership 4,000…
  9. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 9
    MCFE 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 500,000 0 3.31.08 6.30.08 9.30.08 12.31.08 3.31.09 NYSE:PHX 6.30.09 9.30.09 12.31.09 GAS 3.31.10 6.30.10…
  10. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 10
    Panhandle Oil and Gas Inc. Overview COMPANY RESERVES Mid-year 2017 proven reserves 140.4 Bcfe, 93.9 Bcfe (67%) proven developed 4,800 gross 3-P (proven, probable and possible) undeveloped locations, primarily in cores of resource…
  11. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 11
    STACK, CANA AND SCOOP PLAYS 12 NYSE:PHX 6th Annual Intellisight Investor Conference Minneapolis-August 22-23, 2017
  12. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 12
    STACK, CANA and SCOOP Plays Stack Extension Cana/Stack SCOOP Extension SCOOP PHX Mineral Holdings 13 NYSE:PHX 6th Annual Intellisight Investor Conference Minneapolis-August 22-23, 2017
  13. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 13
    STACK, CANA and SCOOP Plays PHX Operations PHX wells primarily operated by Devon, Cimarex, Continental, Newfield and XTO Current production 11.3 Mmcfe per day from 253 producing wells Net Mineral Acreage Stack/Cana & Stack Extension…
  14. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 14
    Southeastern Oklahoma Woodford Shale PHX Mineral Holdings Play Outline 15 NYSE:PHX 6th Annual Intellisight Investor Conference Minneapolis-August 22-23, 2017
  15. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 15
    Southeastern Oklahoma Woodford Shale PHX Operations PHX wells primarily operated by Newfield, BP and XTO Current production 10.5 Mmcfe per day from 279 producing wells (includes new BP wells) Net Mineral Acreage SE OK Woodford &…
  16. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 16
    Eagle Ford Locator Map PHX 17 NYSE:PHX 6th Annual Intellisight Investor Conference Minneapolis-August 22-23, 2017
  17. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 17
    PHX Eagle Ford Shale Leasehold Acreage and Active Wells PHX Leasehold Acreage 18 NYSE:PHX 6th Annual Intellisight Investor Conference Minneapolis-August 22-23, 2017
  18. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 18
    Eagle Ford Shale PHX Operations Current net production 401 Boe per day from 73 producing wells Average W.I. 14.6%, Average NRI 10.9% in 104 undeveloped locations Current Operations One DUC well was completed in July 2016 Well was…
  19. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 19
    Permian Basin Mineral Acreage Acres unleased (W.I. rights) 16,099 Permian Basin Total Acres leased (R.I. only) 6446 Total acres 22,545 Northwest Shelf Midland Basin Acres unleased (W.I. rights) 9765 Acres unleased (W.I.…
  20. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 20
    Permian Basin Cochran Co. San Andres Project 21 6th Annual Intellisight Investor Conference Minneapolis-August 22-23, 2017 NYSE:PHX
  21. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 21
    Permian Basin Cochran Co. San Andres Project Panhandle leased out 4,050 contiguous net mineral acres to Element Petroleum on the northwest shelf of the Midland Basin in Cochran Co. Texas The lease covers a 34.5 square mile area The…
  22. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 22
    3P Undeveloped Reserves Per Debt Adjusted Share 40.0 35.0 30.0 25.0 Mcfe/Share 30.38 20.0 26.36 24.96 22.37 20.82 15.0 10.0 5.0 0.0 2012 2013 2014 2015 2016 Debt Adjusted Shares are Based on Fiscal…
  23. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 23
    Panhandle Oil and Gas Inc. Risk Management Operational Risk Mineral ownership is perpetual, no drilling required to hold land assets Operators are generally large independents who are major resource play developers PHX leverages the…
  24. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 24
    Panhandle Oil and Gas Inc. Risk Management Hedge Position as of 8/03/17 Swap Collar Average Collar Average Period Product Volume Mcf/Bbl Price Floor Price Ceiling Price 2017 Natural Gas 1,320,000 2.93 3.48 2017 Natural Gas…
  25. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 25
    Financial Highlights Nine Months Ending June 30 2017 2016 Oil, NGL and natural gas sales 27,788,018 22,557,372 Lease bonus 3,991,752 7,188,152 Total revenue 33,438,117 28,902,798 Net income (loss) 2,492,799 (11,024,074) Earnings per…
  26. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 26
    Financial Highlights 2017 Third Fiscal Quarter End Condensed Balance Sheet June 30, 2017 Current assets 8,647,235 Net property and equipment 196,648,953 Other 179,920 Total assets 205,476,108 Current liabilities 5,549,983…
  27. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 27
    Key Investment Attributes Foundation of perpetual mineral ownership PHX generates revenue whether we participate with a Working Interest, or take a Lease Bonus and a Royalty Interest Ownership in multiple premier resource plays…
  28. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 28
    % Increase 1000 1200 1400 1600 1800 2000 0 200 400 600 800 12.31.1996 12.31.1997 12.31.1998 NYSE:PHX 12.31.1999 12.31.2000 12.31.2001 Net of Dividends 12.31.2002 12.31.2003 12.31.2004…
  29. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 29
    Appendix Slides 30 APPENDIX 6th Annual Intellisight Investor Conference Minneapolis-August 22-23, 2017
  30. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 30
    Arkansas Fayetteville Shale PHX wells primarily operated by Southwestern Energy Current production 6.8 Mmcfe per day from 1,414 producing wells Net Mineral acreage 10,159 total acres in 325 sections 5,334 acres unleased (W.I.…
  31. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 31
    Arkansas Fayetteville Shale 32 NYSE:PHX 6th Annual Intellisight Investor Conference Minneapolis-August 22-23, 2017
  32. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 32
    Royalty Production and Revenue History 50 6.00 Royalty Volume Bcfe Royalty Revenue Million 5.50 45 PHX has over approximately 4,800 identified undeveloped locations and 198,365 mineral 5.00 40 acres not currently producing available…
  33. Intellisight Investor Conference – Panhandle Oil and Gas Inc. – slide 33
    Mid-Year 2017 Reserves & 2017 Third Quarter Production & Revenue by Product Gas NGL Oil 120 100 15% 24% 80 33% 26% 8% 34% 9% 43% 60 6% 40 77% 67% 60% 20 0 Mid-Year Third Quarter 2017 Third Quarter 2017 2017…

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