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August 2018 Enercom Conference – Evolution Petroleum Corp.

Evolution Petroleum Corp. · Aug 22, 2018 · 22 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. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 1
    Evolution Petroleum Corporation Corporate Presentation August 2018 Corporate Presentation August 2018 1
  2. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 2
    Corporate Presentation August 2018 Forward Looking Statements This presentation contains forward-looking statements. Such statements may relate to capital expenditures, drilling and exploitation activities, production efforts and…
  3. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 3
    Corporate Presentation August 2018 Texas / Gulf Coast Focus Overview New York Stock Exchange EPM Shares Outstanding 33.1 MM Share Price (8/13/2018) 10.00 Delhi Field Total Equity Value (8/13/2018) 331 MM Common Stock Dividend…
  4. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 4
    Corporate Presentation August 2018 Investment Considerations High Quality, Long-lived Asset Base Steady cash flow from large Delhi Field resource 20+ year life Potential production additions from continuing development 12 well Delhi…
  5. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 5
    Corporate Presentation August 2018 Core Objectives Directly benefit our shareholders by distributing 40- 50% of cash flow through cash dividends Tax Reform makes C-Corps like EPM more tax-efficient Conservatively invest balance of…
  6. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 6
    Corporate Presentation August 2018 EPM Dividend History vs WTI Oil Prices 0.14 140 Cumulative Payout Dec 2013 thru June 2018: 46.1 MM (or 1.41 per share) 0.12 120 Sept-18 Dividend declared at 0.10 0.10 100 0.08 80 Quarterly…
  7. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 7
    Corporate Presentation August 2018 Summary Financial Statements March 31, 2018 Amounts in 000s, except EPS Balance Sheet Income Statement (Nine Months Fiscal YTD) Cash 27,186 Delhi field revenues 29,854 Other current assets 4,633…
  8. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 8
    Corporate Presentation August 2018 Seven Consecutive Years of Net Income 40 Revenues Net Income 35 30 25 (a) Million 20 (b) 15 10 5 0 2012 2013 2014 2015 2016 2017 2018 YTD (a) Includes Litigation Settlement 3…
  9. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 9
    Corporate Presentation August 2018 Delhi Field Recycle Facility and NGL Plant Delhi Field CO2 Flood 7,500 BOE per day 86% premium Louisiana Light Sweet (LLS) oil, connected by pipe to market 3 trains of processing of…
  10. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 10
    Corporate Presentation August 2018 Delhi Field EOR Project Delhi Unit Unquantified 2010 2009 2012-13 12+ miles long Future Town Expansion of Delhi Phase Phase V IV Unquantified future expansion in Phase I downdip thinner…
  11. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 11
    Corporate Presentation August 2018 Delhi Field Daily Production (Tertiary) Gross and Net BOE per Day First production from Infill Drilling Program, Conformance Infill Drilling Phase V CO2 flood & NGL plant 2018 Program 2019/20…
  12. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 12
    Corporate Presentation August 2018 EPM Interests in the Delhi Field Costs Revenues Working Interest (a) 23.9% 19.0% Royalty Interests None 7.2% Combined Interests 23.9% 26.2% (a) Field Payout and Reversion of Working Interest…
  13. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 13
    Corporate Presentation August 2018 Delhi Revenue and Field Operating Margin per BOE (YE June 30) 70 Rev / BOE 61.52 60 49.53 50 44.88 39.71 40 (69% of Rev) (69% of Rev) 30 (69% of Rev) (65% of Rev) 20 10 - YE Jun 2015…
  14. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 14
    Corporate Presentation August 2018 Delhi Field Capital Spending* by EPM (000s) (FY 2018 amounts unaudited) 8,000 7,000 6,000 5,359 5,000 4,000 3,142 3,000 2,292 2,397 1,866 2,260 2,000 1,000 Prelim Forecast 0 FY…
  15. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 15
    Corporate Presentation August 2018 Reserve Reports Prepared by 6/30/18 Proved Reserves, BOE DeGolyer and MacNaughton 284,031 Proved Reserves based on 993,741 14.4% incremental CO2 recovery (up from 13.0% in 6,291,850 2015).…
  16. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 16
    Corporate Presentation August 2018 Delhi NGL Plant Producing 1,050 bbls of NGLs per day Very Rich NGL Mix (ITD): NGL Plant online Dec 2016 Operating at effective capacity NGL Component % of Stream GE turbine also at capacity…
  17. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 17
    Corporate Presentation August 2018 Multiple Projects To Build Long-Term Value Expand Delhi CO2 flood to Mengel Unit, additional Delhi infill drilling thinner reservoirs program and eastern Phase Expansion of Delhi CO2 VI,…
  18. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 18
    Corporate Presentation August 2018 Management and Directors (Average BOD Tenure 11 Years / Insiders Own 9%*) Robert Herlin Chairman & Interim CEO, co-founder David Joe CFO (13 Years w/EPM), previously with Unocal Steve Hicks SVP…
  19. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 19
    Corporate Presentation August 2018 Opportunity for EPM We plan to maintain and grow EPM as a market-friendly platform to generate cash returns for shareholders from mostly developed oil & gas assets We focus on assets that do not…
  20. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 20
    Corporate Presentation August 2018 Acquisition Criteria Large majority of value is attributable to proved developed producing reserves Reserves are long-life Properties are in locations with reasonable access to markets and stable…
  21. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 21
    Corporate Presentation August 2018 Value Proposition High Quality, Long-lived Asset Base Substantial, low decline cash flow from Delhi Field 20+ year life Potential production additions from continuing development 12 well Delhi…
  22. August 2018 Enercom Conference – Evolution Petroleum Corp. – slide 22
    Corporate Presentation August 2018 Contact Information Evolution Petroleum Corporation 1155 Dairy Ashford Rd, Suite 425 Houston, Tx 77079 713-935-0122 Robert Herlin, Executive Chairman bherlinevolutionpetroleum.com David…

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