2017 Sabine North Louisiana Divestiture Opportunity Overview HAYNESVILLE POSITION Sabine Oil & Gas Corporation (Sabine) is offering for sale its North Louisiana assets in Red River Parish, Louisiana (the Properties); BMO Capital…
2017 Sabine North Louisiana Divestiture Haynesville Geological Overview Nearest modern Bossier well Type Log - 157 180 bcf GIP / section Avg. Por. 12% Avg. TOC 3.6% Haynesville and Bossier Shale are premier…
2017 Sabine North Louisiana Divestiture Cotton Valley Geological Overview The Lower Cotton Valley Davis Sand, located just above the REGIONAL FIELD MAP Taylor Shale, has been targeted horizontally nearby at Sligo, Elm Grove, Thorn…
2017 Sabine North Louisiana Divestiture Property Summary (1) (1) Operated PDP OBO PDP Mar '17E Net Gross Net PDP (2) Net Proved Net Proved Formation WI NRI WI NRI Production Cash Flow Acres Acres Well Count Reserves PV-10(2)…
2017 Sabine North Louisiana Divestiture Key Investment Highlights Contiguous leasehold in Red River Parish, LA 5,700 gross / 5,543 net consolidated Haynesville acres 8,079 gross / 7,886 net consolidated Cotton Valley / Hosston…
2017 Sabine North Louisiana Divestiture Production and Cash Flow HISTORICAL & FORECASTED NET PDP PRODUCTION & CASH FLOW 12.0 0.8 8.00 Production 0.7 7.00 10.0 Production (mmcfe/d) Monthly PDP Cash Flow 0.6 6.00 Cash…
2017 Sabine North Louisiana Divestiture Significant Proven Upside PUD Drilling Opportunities HAYNESVILLE PUD LOCATIONS ROBUST UPSIDE ECONOMICS(1) Haynesville Cotton Valley 100% Majority of Haynesville locations have returns…
2017 Sabine North Louisiana Divestiture Estimated Net Reserves and Present Value (PV-10) Total Summary Resource Estimate as of March 1, 2017 Category Count Net Oil Net NGL Net Gas Net Total Net Capex (1) Dev. Costs Net PV-10…
2017 Sabine North Louisiana Divestiture Additional Transaction Information Confidentiality Agreement Primary Contact Download at http://datarooms.bmo.com Submit questions and inquiries to Sabine.NLAbmo.com Email signed copy to…