2nd Quarter 2019 Earnings Presentation NYSE American LLEX
LLEX Second Quarter 2019 Highlights & Achievements 2Q19 oil production of 3.9 MBbls/d (+50% YoY), total production of 6.3 MBOE/d (+32% YoY) Improving 2Q19 oil, natural gas, and NGL sales revenue increased 23% YoY to 21.9MM Financial…
2019 Outlook & Guidance Demonstrating Production and EBITDAX Growth Increased EBITDAX 38% YoY Maintaining full-year 2019 CapEx guidance of 60-70MM Completed 3 of the 5 2018 DUC wells (Haley 1H, Haley 2H, and NE Axis 2H) in 2Q19…
Second Quarter 2019 Review CapEx Breakdown (MM) Average Daily Liquids Production (MBbls/d) Full Yr 2019 CapEx Proj. 2Q19 Actual Despite temporarily suspending the D&C operations, production during the quarter increased by 5% Boe/d…
Operations / Technical Update 6
Operations / Technical Update LLEX completed 3 of 5 2018 DUCs to date Haley 1H and 2H began flowing to sales in April 2019, the NE Axis 2H began flowing to sales in June 2019 The 2 Kudu wells are scheduled for completion in September…
Upcoming Well Status & Recent Well Results Upcoming Well Status Well Status Target Count Well Name Lateral Length WCA 1 NW Axis 1H Wolfcamp A 1.5 mile Completions 2 Kudu A 2H Wolfcamp B 1.5 mile Operations WCB 3 Kudu B 2H Wolfcamp…
Appendix 9
Total Proved Reserves 2Q19 Reserve Report Summary (SEC Pricing) 1 2Q'19 Total Net Reserves PV-10 (MM) 359.7 Oil Gas NGL Total % of PV10 327.8 337.3 Category (Mbbl) (MMcf) (Mbbl) Mboe Total (SEC) PDP: 5,988 27,585 1,865 12,451 29%…
Pro Forma Capitalization (unaudited) Reducing Leverage and Increasing Liquidity Pro Forma Capitalization (MM) Sources Uses Transaction proceeds have been used to reduce July '19 WI & ORRI Sale Proceeds 39.0 RBL Repayment 18.0 debt and…
Current Hedging Schedule(1,2) - July 26, 2019 Jul '19 - Dec '19 2020 2021 Approximately 80%, 75%, and 75% of WTI Oil Hedges PDP crude oil volumes are hedged in Current Swap Volume (Bbl) 15,915 376,153 135,068 4Q19, 2020, & 2021…
Consolidated Statements of Operations For Three Months Ended June 30, 2019 2018 ( in thousands, except share and per share data) Oil and gas revenue 21,572 17,483 Operating expenses: Production costs 3,859 2,984 Gathering,…
Non-GAAP Adjusted EBITDAX Reconciliation (Unaudited) The following table provides a reconciliation of Net Income to the non-GAAP Adjusted EBITDAX for the three months ended June 30, 2018 and 2019 (please see the Disclaimer on slide 2):…
Wobbe Ploegsma VP of Capital Markets & Investor Relations irlilisenergy.com 210.999.5400 NYSE American LLEX
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