TRANSFORMATIVE AND SYNERGISTIC ACQUISITION Overview of HG Energy II Transaction Overview Location Map 107 gross producing wells in Appalachia and related surface rights Legend Location 100% working interest and favourable net…
ACCRETIVELY ACQUIRING STEADY, PREDICTABLE CASH FLOWS Huckleberry Acquisition Highlights S Immediately Accretive to Free Cash Flow & Earnings Increase in pro-forma free cash flow per share 19% Production (mboed)(a) PV10%…
ASSET OVERVIEW Asset Summary 15.3 100% 4.22 Pennsylvania Huckleberry Asset Map: Pennsylvania 2018 Production Average Working Operating Costs Ohio (mboed) Interest (/boe) (a) 5.4 100% 5.26 West Virginia…
TRANSACTION FINANCING Sources, Uses, and Capitalisation Commentary Capitalisation Table DGO will fund the 400mm purchase price and transaction fees As of Transaction Pro-forma with i) net proceeds from its 225mm equity issuance and…
OLDER WELLS EXHIBIT LOWER DECLINES Huckleberrys Average Well Age Bypasses Steepest Portion of Decline Curve Commentary Huckleberry Illustrative Type Curve(a) The illustrated 5,000 type curve 4,500 presented on the Huckleberry…
THE DGO DIFFERENCE DGOs Base Decline is Materially Lower Than All its Appalachia Peers Normalised Production Forecast 5% DGO Difference 100% 6% 5% 85% 75% Peers DGOs blended base decline far Normalised Production 34%…
DRIVING COSTS LOWER Lowering Costs and Increasing Margins to Drive Value and Per Share Accretion Total LOE(a)(b) / BOE Expanding Strong Margins(a) DGO DGO + Huckleberry (/boe) Base LOE Prod Taxes G&T (d) G&C (e) (/boe) G&A Margin…
STABILISED CASH FLOW PROFILE Acquisitions Production Profile & Synergies Represent a Continuation of DGOs Business Model Immediately Achievable Synergies I. Right-Sizing Firm Accomplished Transportation Mature, at Close…
SIGNIFICANT CASH FLOW GENERATION DRIVES SHAREHOLDER VALUE Increasing Cash Flow and Dividend Per Share Free Cash Flow and Dividend Per Share(a) DGO Standalone Total Shareholder Return(b) Significant FCFPS accretion 0.70 0.17…
OFFERING SUMMARY Issuer Diversified Gas & Oil plc Ticker Symbol LSE AIM: DGOC Gross Proceeds 225 Million(a) Shares Outstanding (Pre-Offering) 542.7 Million Shares Use of Proceeds Intend to partially fund the acquisition of…
APPENDIX
ASSET OVERVIEW Pennsylvania Properties Asset Map Gross Wells by First Production Year 26 26 Ohio Pennsylvania 4 Legend DGO Acreage West Virginia Huckleberry Wells 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018…
ASSET OVERVIEW West Virginia Properties Asset Map Gross Wells by First Production Year Maryland 19 9 West Virginia 7 5 4 4 Legend 2 1 DGO Acreage Huckleberry Wells 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018…
ADVANTAGEOUS TAKEAWAY OPTIONALITY AND PRICING Protects ability to Produce Consistently and Optimize Realisations Commentary Total Cost to Market (/mmBtu) Unlike some producers that just consider basis differentials, Huckleberry…
EXTENSIVE SET OF ACQUISITION OPPORTUNITIES Offsetting Public and PE Backed Companies Provide Prime Acquisition Targets Commentary Potential Appalachian Acquisitions(a) Background Multiple public and PE Private Operator 1 backed…
DIVERSIFIED BROKERS Corporate Mirabaud Stifel PO BOX 381087 MIRABAUD SECURITIES LIMITED STIFEL NICOLAUS EUROPE LTD BIRMINGHAM, ALABAMA 10 BRESSENDEN PLACE 150 CHEAPSIDE 35238-1087 (USA) LONDON SW1E 5DH LONDON EC2V 6ET WWW.DGOC.COM…
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