Lonestar Resources US, Inc. Presentation to Investors February 2019
Company Profile Share Price Pure Play Eagle Ford Operator +57,000 Net Acres in the Crude Oil Window of the Eagle Ford Shale 12.00 500 11.00 Unfettered access to oil and gas transportation infrastructure 10.00 400 Technical leader…
Experienced Management Team Executive Previous Experience Biography John H. Pinkerton 37 years experience in the oil and gas industry Founder, Chairman and Chief Executive Officer Range Resources Chairman of the Board Built Range…
Consistent Delivery of Results 2018 Production Results vs. Guidance 2018 EBITDAX Results vs. Guidance 15,000 45.0 13,000 40.0 MM 11,000 35.0 Boe/d MM 9,000 30.0 7,000 25.0 5,000 20.0 1Q18 2Q18 3Q18 4Q18…
Lonestars Expanded Footprint Engineered Region Net Acres Locations Avg. WI HBP Western 14,340 49 89% 95% Central 35,830 193 71% 97% Eastern Eastern 7,321 31 62% 86% Total 57,491 273 74% 86% Central Western…
GeoEngineered Completions Continue to Improve Results Technical Process Application Experience Vertical Pilot Logs Used To Select Geotarget to Optimize Both Reservoir & Mechanical Properties Horned Frog (2015,2018) Reservoir…
The Value of Extended Reach Laterals 5,000' 6,750' Capital Cost : 7.0 MM Capital Cost : 8.2 MM Sooner Gross Reserves940 MBOE Gross Reserves1,355 MBOE IRR : 44% IRR : 67% 5,000' 7,700' Capital Cost : 4.9 MM Capital Cost : 6.4…
2019 Capital Program Areas of Focus
Karnes County Locator Map Property Highlights Lonestar acquired its Karnes County leasehold in 2017 as part of its Battlecat acquisition Lonestar holds 20 gross / 16 net PUDs in the area Lonestar drilled 6 wells in Karnes County…
Horned Frog Region Map Property Highlights Lonestar has acquired its 7,380 gross acres in the Horned Frog area over the last 4 years Lonestar holds 24 gross / 19 net locations in the area Lonestar drilled 2 wells in in 2018…
Horned Frog Northwest Region Map Property Highlights Lonestar has acquired its 7,380 gross acres in the Horned Frog area over the last 4 years Lonestar holds 24 gross / 19 net locations in the area Lonestar drilled 2 wells at NW…
Cyclone / Hawkeye Region Map Property Highlights Lonestar has acquired its 11,800 gross acres in the Cyclone/Hawkeye area over the last 4 years Lonestar holds 53 gross / 29 net locations in the area Lonestar has drilled multiple…
Sooner Acquisition De Witt County
Sooner Locator Map (DeWitt County, Texas) DeWitt Karnes Leasehold Summary1 Type Gross Net Acreage 3,084 2,706 HBP 3,084 2,706 Developed 1,276 1,236 Undeveloped 1,808 1,470 Producing Wells 20 19 PUD Locations 16 16 PROB…
Sooner Geologic Summary Lonestar Resources Gross Thickness, in ft. (Eagle Ford Shale) T Bird 1H Pilot Hole Log Upper Eagle Ford 81 Lower Eagle Ford 246 Lower Eagle Ford Shale on the acquired leasehold is among the…
Sooner Original Development Plan A A A A Original Plan 3,600 to 5,100 laterals Seismic in Dataroom 20
Sooner Revised Development Plan A A A A Current Plan 4,100 to 7,000 laterals 5,100 laterals = 41% IRR 6,750 laterals = 64% IRR Seismic w/ Advanced Processing 7,500 laterals = 82% IRR 21
Hedging Summary Crude Oil Crude Oil Contracts Crude Oil Contracts % of 74% Period Instrument Volume Fixed Price Production 88% 85% 48% Hedged 1 Cal 19 Oil WTI Swap 1,536 bbls/day 48.04 7,000 90 Cal 19 Oil WTI Swap 1,394 bbls/day…
Hedging Summary Natural Gas Natural Gas Contracts Natural Gas Contracts % of 100% 50% 64% Period Instrument Volume Fixed Price Production Hedged 1 Cal 19 Natural Gas 4,986 3.21 NYMEX Swap MMBTU/day 16,000 15,000 5.00 Cal 19…
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