Since late 2015, we have focused on building scale while improving our balance sheet February 25, 2016: Lonestar announces a 30% increase in proved reserves to 40.2 MMBoe from year end 2014 Late 2015 proved reserves of 31.0 MMBoe…
Transformative Results Building Scale while Reducing Leverage Net Acres Proved Reserves (MMBoe) Avg. Daily Prod.1 (Boe/d) LTM EBITDAX (MM) 76.8 7,662 57,172 81.2 MM Building Scale 5,991 64.1 MM 34,170 44.9 12/31/2016…
Company Profile Current Production 7,662 Boe/d Eastern 5,266 Boe/d Oil 69% NGL's Oil NGL's 16% 62% 17% Gas Gas 15% 21% Central Q1 2017 Q3 2017 Pro forma Proved Reserves Western 76.8 MMBoe 44.9 MMBoe Oil 69%…
Lonestar Has Scaled Its Eagle Ford Shale Business Margin Expansion MM / Boe Driven by Strong Volume Growth, Expense 2Q17 3Q17 Chg. 2Q17 3Q17 Chg. Cash Expenses Dropped 28%... LOE 6.40 per Boe, down 7% LOE 3.5 4.5 +28% 6.87 6.40…
Five Year Capital Investing Efficiency 5Year Historical Finding & Development Cost 25 20 15 10 5 12 15 15 16 18 20 20 21 22 22 23 47 0 LONE SN CLR PDCE CRZO RSPP WLL OAS CXO FANG MTDR BBG Recycle Ratio1 2.5x…
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…
Eagle Ford Shale Asset Overview 10
GeoEngineered Completions Improve Results Integrated Approach to Drilling, Completion, Stimulation & Production of Eagle Ford Laterals Technical Process Application Experience Vertical Pilot Logs Used To Select Geotarget to Optimize…
The Value of Extended Reach Laterals in the Eagle Ford Surface & Facilities Drilling Pad Wellhead Equipment Separation Storage 0.4 MM Compression Gathering 0.4 MM Cumulative Cost Lateral 5,000 + 5,000 10,000 Vertical +…
Strong Well Results Horned Frog Western Region Cyclone Central Region Wildcat Eastern Region Aguila Vado La Salle Harvey Johnson 7 3 4 2 Wildcat 5 Cyclone 6 5 1 5 2 3 3 1 4 6 7 7 2 6 1 4 Well name…
Horned Frog Locator Map Horned Frog Area Summary In March, 2015, Lonestar identified a 4,402acre block held by ConocoPhillips which was set to expire on July 5, 2015. On April 29, 2015, Lonestar farmedin for 100% WI and…
EUR Improvement Western Region (Horned Frog) Drilling and Completion Design Evolution Gen 3 Designs have Improved EURs1 (MBOE) Generation 1 Generation 2 Generation 3 1,400…
Cyclone Locator Map Wilson Hawkeye Cyclone Area Summary Lonestar gained entry to its Cyclone position in 2016 Lonestar acquired a total of 2,906 gross / 2,656 net acres in 2016 Primary Term Leasing Exchange Agreement…
EUR Improvement Central Region (Cyclone) Drilling and Completion Design Evolution Increased Intensity has Improved EURs1(MBbls) Generation 1 Generation 2 Generation 3 400 355 376…
Wildcat Locator Map Wildcat Summary Acquired original interests as part of Clayton Williams acquisition in 2013 (523 net acres). Built out acreage position with 98 leases to 1,260 acres. Wildcat Offset operator drilled 16 wells in…
EUR Improvement Eastern Region (Wildcat) Drilling and Completion Design Evolution Increased Proppant, Steering has Improved EURs1(MBOE) Generation 1 Generation 2 Generation 3 1,200…
Financial Overview 20
Financial Strategy Capital Budget Limit NTM Capital Expenditures to NTM Cash Flow on a Rolling Basis Preserve Financial Seek to drive Leverage Ratios into the mid2xs in near term Flexibility Strong Asset Coverage 2.1x 9/30/17 &…
Strong Strip PV10 Asset Coverage Reserve Report Strip Pricing Net Oil Net NGLs Net Gas Equivalent NYMEX Pricing 1 SEC Pricing 2 Reserve Category (MMBoe) (MMBoe) (Bcf) (MMBoe) PV10 PV10 (MM) (MM) PDP 12.4 3.1 18.2 18.5 250.2…
Internally Funded Growth Drilling & Completion Spending vs. Cash Flows (MM) Drilling & Completion Capital Cash Flow Cumulative Net Cash Flow Production (boepd) 115 96 10,000 10,700 95 90 73 75 7,499 54 55 35 15…
High Levels of Commodity Price Protection Since inception, Lonestar has implemented a strategy to reduce the effects of volatility of oil and natural gas prices on the Companys results of operations by securing fixed price contracts…
Appendix 25
Lonestar capitalization overview Current Capitalization as of 9/30/17 LONE Reported (MM) (as of 9/30/17) Cash 5 Senior Credit Facility 128 Second Lien 12.000% Notes 8.750% Senior Unsecured Notes 152 Total Debt 280 Perpetual…
Organizational Structure Parent Lonestar Resources US, Inc. (A Nasdaq Listed Delaware Corporation) 50% Lonestar Resources Intermediate, Inc. Created in June 2016 for (Delaware) redomicilation/tax purposes 50% Created in…
NonGAAP Reconciliation Reconciliation of NonGAAP Financial Measures Adjusted EBITDAX Adjusted EBITDAX is not a measure of net income as determined by GAAP. Adjusted EBITDAX is a supplemental nonGAAP financial measure that is used by…
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