EGM Presentation September 2018 J. Michael Yeager Chairman and Chief Executive Officer 1
Key Activities and Highlights Commenced six month drilling program in August with fit for purpose rig first well now drilled successfully Plans are to drill continuously for the next six months to greatly increase production,…
Company Profile Eagle Ford Shale Producing Counties in Texas Early-stage E&P company based in Houston, TX Focused on the liquids-rich Eagle Ford shale formation in Dimmit County, TX Off to a successful start with initial high…
FDM Investment Highlights Approximately 9,700 acreage position Exco has 400 feet thick Eagle Ford formation Sanchez Chesapeake El Toro Over 200 drilling targets have been Sanchez Murphy identified in three intervals Exco…
Six Month Continuous Drilling Program Fit for purpose drilling rig from Orion Drilling Company First well drilled in 11.75 days compared to prior 12 day average Expect to drill 12 to 15 wells over the six month contract Plan to…
Change in Fracturing Technology Wells are now more intensely Fractured with more clusters, sand and water Wilson B Area 6,800 LL 27 Stages 6 Clusters per Stage = 162 Clusters Hovencamp Area 7,400 LL 32 Stages 12 Clusters per Stage…
Cost and Financing Wells being drilled for 1.35 million and completed for 4.0 million for approximately 5.35 million per well very competitive for this length of well Current six producing wells have strong operating cash flow of…
Summary Drilling plans, rig availability, equipment needs and hydraulic fracturing are all firmed up Full Management Team and all needed capabilities are in place Services and equipment are being procured with any inflation…
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