Company Overview Linc is an independent E&P company engaged in the production, development, exploitation and acquisition of crude oil and natural gas properties Parent Linc Energy Ltd. (SGX:T16) Three major U.S. assets: Properties Gulf…
Company Overview Strategic Refocus For fiscal 2015, the Company reformulated its strategy to pursue de-risked opportunities through a disciplined deployment of capital In conjunction with its new strategy, the Company appointed Bill…
Company Overview U.S. Conventional Oil & Gas Assets Key Statistics by Region (1) Gulf Coast Total Proved: 11.6 MMBOE Proved PV-10: 489.1 million Percent Oil: 96% Alaska Net Production: 3,270 BOEPD Alaska - Umiat Total…
Field and Development Overview Field and Development Overview 7 7
Field and Development Overview Gulf Coast Region Texas and Louisiana Key Takeaways Summary Statistics Primary Gulf Coast oil fields are associated with salt Total Proved Reserves: 11.6 MMBOE domes or salt related structures Percent…
Field and Development Overview Gulf Coast Region Breakdown by Field 1P Reserves (1) Gross Daily Net Total PV-10 Production Average Average Acres (MMBOE) Oil (%) PDP (%) ( in millions) (BOEPD) WI (%) NRI (%) Barbers Hill 1,290 5.4…
Field and Development Overview Gulf Coast Region Historical Drilling Results Since the beginning of 2013 through March 31, 2014, the Company has successfully drilled 33 new wells and 32 recompletions in the Gulf Coast Accounted for…
Field and Development Overview Gulf Coast Region New Drilling Prospects Identified several up-dip trends, infill and adjacent lease drilling locations, and recompletion and re-entry opportunities in the Barbers Hill, Cedar Point,…
Field and Development Overview Gulf Coast Region Fiscal 2015 Capital Plan Gulf Coast capital plan calls for approximately 55 million of drilling, completion and recompletion costs through the end of fiscal 2015, which will provide for…
Field and Development Overview Gulf Coast Region Cedar Point and Barbers Hill New Cedar Point / Atkinson Island (adjacent to Cedar Point field in Galveston Bay) drilling program targets larger reservoirs as compared to Lincs…
Field and Development Overview Alaska Region North Slope (Umiat) Key Takeaways Summary Statistics North Slope (Umiat) Total 2P Reserves (1): 154.6 MMBOE OOIP: One billion barrels (1) Percent Oil: 100% 2P reserves of 155 MMBBLs / 2,465…
Field and Development Overview Alaska Region North Slope (Umiat) Trans-Alaska Pipeline System (TAPS) Linc Energy UMIAT Snow Road 15 15
Field and Development Overview Alaska Region North Slope (Umiat) Development Plan Phase I Phase II Phase III Key Milestones: Key Milestones: Key Milestones: Drilled and flow tested horizontal Evaluate flow test results and Complete…
Field and Development Overview Wyoming Region Powder River Basin Key Takeaways Summary Statistics Estimated recoverable oil reserves of 67 MMBBLs of oil Total Proved Reserves (3): 828 MBBLs using CO2 EOR strategy from Big Muddy and…
Financial Overview Financial Overview 18 18
Financial Overview Summary Financials and Operating Data Average Daily Production & Percent Oil Net Volume Average Gross BOEPD % Oil (MBOE) 99% 96% 95% 1,347 6,000 100% 4,644 1,157 5,000 80% 4,253 4,000 60% 3,000 2,775…
Financial Overview Financial and Operating Data Detail FY Ended June 30, 9 Months Ended March 31, ( in thousands) 2012 2013 2013 2014 LTM 3/31/14 Financial Data: Total Revenue 56,878 121,440 89,375 100,040 132,105 Production Taxes…
Financial Overview Hedging Strategy Linc continues to evaluate and enter into oil hedges on a non-speculative basis for risk management purposes Fiscal 2014 Oil Hedges Type BBLs Months Price Swap 145,421 April 14 June 14…
Financial Overview Credit Statistics Credit Statistics As of 3/31/14 ( in millions) Actual First Lien Debt (1) 53.4 Total Debt 318.4 Net Debt 315.0 LTM Adjusted EBITDAX 83.7 Total Proved PV-10 (2) 503.1 Total 2P PV-10 (2)…
Highlights High Quality Reserves and Resources Provide Strong Asset Coverage Increasing Cash Flows from Low Risk Gulf Coast Exploitation Strategy High Net Revenue Interest and Operational Control Significant Technical Expertise in…
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