Samson Resources II, LLC Investor Presentation December 2018 II
Samson Today
Samson Today Samson is focused on delivering shareholder return with a balanced and lower risk growth strategy........... Strategically Repositioned Pure play Wyoming focused E&P Operator. Company has 200,000 net acres in the Powder…
Samson Liquidity Current ResourcesSummary II 2017 was a busy year . 2018 Focus Focused on oil production and reserve growth in the PRB and GGR in Wyoming. 2018 Capital program of 150 - 160 MM (includes 20 MM in acquisitions) Project…
Samson Resources II 2017 was a busy year Samsons Liquidity Overview of RBL Credit Facility Scheduled redetermination on 10/05/2018 resulted in 50% increase in borrowing base from 106.5 MM to 160.0 MM, of which 0 is currently drawn…
3Q 2018 Samson Reserves (1) Technical PUDs represent PUDs that are accounted for after the 5-year SEC rule. 8 (2) SEC price for 9/30/2018 is 63.37 per Bbl and 2.913 per MMBtu.
Samson Proved Reserves PV10 Waterfall 9
2019 Preliminary View(1) Projected 2019 net CAPEX of approximately 240 - 260 MM for operated and non- operated drilling and completion activities Anticipate running 2 operated rigs by May 2019 in the PRB and 1 operated rig in the…
Asset Overview
Powder River Basin Net Acres: 150,000 (83% HBP) Current Prod: 3,500 Boe/d (94% liquids) Op Producing: 120 gross Locations: 2,083(1) gross Current 2018 Drilling Program: Average GWI 90% Average NRI 74% 8/8th NRI 82% - 85%…
Powder River Basin Operated Drilling Program Spearhead Federal 11-2635-40-75SH well (Shannon Test) had first sales 10/27/2018 Outperforming initial expectations Operating two rigs currently: Rig 1 is drilling ahead on our…
Powder River Activity Unconventional Wells **Samson Res** LS Energy Silva 34-7 Rufous Fed 44-0113 47-79MH 12850 Mowry/Muddy Vert Test WOC Mowry 2-Sect Hzl Test Drlg ahead 2018 Samson Operated Peak Powder ATX Expl Grizzly Bear…
Powder River Activity Conventional Wells 2018 Samson Operated Drilling Focus Area EOG Catapult 364-1402H **Samson Res** EOG Catapult 368 1402H 2-well pad, Turner SD Hzl Spearhead Federal Set Prod Csg, WOC Shannon SD HZL SRC…
Samson Field Development Plan Given stacked pay of the PRB, any DSU can have as few as II 10 wells and as many as 26 wells off Multi-Well pads. 16
Allemand Fed 2-Well Pad South North Allemand Fed 31-1918-3974FH 68 - Spud 09/09/2019 - Drilling Lateral Allemand Fed 34-3031-3974NH - Spud 09/06/2019 - TD 11/11/2019 Frontier Surface Location Niobrara 2 Miles 2…
Deep Inventory Opportunity in the PRB Samsons 150,000 net acres are situated down the Powder River Basins geological axis and strategically located over the Shannon, Niobrara, Frontier / Turner, and Mowry formations. Overall, the…
Johnson County is very active. Leasing, permitting and Hummingbird Geologic drilling activity accelerating Hotspot around Samsons Federal Hummingbird Unit Samson Rufous Fed 44-0113 47-79 MH Mowry 2-Sect Hzl Test Spud 11/02/2018,…
Milagro Federal Unit Green River Basin Net Acres: 46,000 (58% HBP) Current Prod: 2,950 Boe/d (53% liquids) Op Producing: 38 gross Locations: 538 gross Current 2018 Drilling Program: Average GWI 100% Average NRI 83% 8/8th…
Greater Green River Operated Drilling Program Drilled 7 well Endurance Pad. Completion activity of the 7 wells in December 2018. Experiencing drill time improvements with the use of Oil Based Mud and drilling last section of…
Endurance 1595-S32 NW Pad Overview Drilled 7 vertical Fort Union wells from a common pad: To test 20-acre spacing assumptions 5 wells have come in under AFE and 2 wells over AFE Converted to oil based mud mid-program and have…
Milagro Milagro Federal Unit: FortFederal Unit Union Program Development The Company is in the final stages of creating the Milagro Federal Unit Unit should comprise over 25,600 acres Allows for orderly development of the Fort…
Samson Resources II 2017 was a busy year Benefits of Forming Milagro Federal Unit The primary benefits of forming a federal unit in the Green River Basin include: Establishes one Operator of the Federal Unit for both Drilling and…
The Future Drilling program will continue to delineate Samsons acreage position in the Powder and Green River Basins. Focused on maintaining a strong balance sheet while delivering production growth at top tier returns to investors.…