Lonestar Resources US Inc. Presentation to Investors December 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…
Lonestars Eagle Ford Footprint Engineered Region Net Acres Locations Avg. WI HBP Western 14,340 49 89% 95% Central 35,830 193 71% 97% Eastern 7,321 31 62% 86% Eastern Total 57,491 273 74% 95% Marquis Central Hawkeye…
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 (2015,2018,2019) Reservoir…
Extended Reach Laterals Are Driving Well Economics 5,000' 6,750' Product Mix Capital Cost : 7.0 MM Capital Cost : 8.2 MM Oil 15% Sooner Gross Reserves940 MBOE Gross Reserves1,355 MBOE NGL's 38% IRR : 44% IRR : 67% Gas 47%…
2019 Capital Program Areas of Focus
Karnes County Gonzales B A Karnes GEORG 3H6H Placed into flowback May 2019 Product Mix Legend Type Curve Actuals Eagle Ford Oil 92% 86% 2019 Wells NGL's 5% 9% Austin Chalk Gas 3% 5% LONE Acreage 10
Karnes County EUR/ft vs. Offsets Karnes County Highlights 80 Lonestar acquired its Karnes County leasehold in 2017 as 70 B C part of its Battlecat acquisition 60 Lonestar holds 16 remaining gross PUDs in the area A 50 Recent…
Horned Frog Northwest (La Salle County) LaSalle Product Mix Legend Type Curve Actual Eagle Ford Oil 36% 48% 2019 Wells NGL's 32% 26% Austin Chalk LONE Acreage Gas 33% 26% 12
Horned Frog Northwest (La Salle County) EUR/ft vs. Offsets Property Highlights 175 5H Lonestar has acquired its 7,380 gross acres in the Horned 4H Frog area over the last 4 years 150 3H Lonestar drilled 2 wells at NW in 2018 125…
Horned Frog Northwest (Parent / Child) Horned Frog NW 2H Recovery From Frac Hit Horned Frog NW Frac Hits 450 2,500 Child wells (4H & 5H), were completed in 2019 and 400 have outperformed the Parent wells in 2018 (2H & 2,000 350…
Horned Frog South (La Salle County) LaSalle Product Mix Legend Eagle Ford Type Curve Actuals 2019 Wells Oil 12% 32% Austin Chalk NGL's 44% 24% LONE Acreage Gas 44% 43% 15
Horned Frog South (La Salle County) MultiBench Targeting Yields Highest Effective Porosity Yet Property Highlights 8.0% In 2018, Lonestar drilled 2 wells 7.1% 7.0% 6.9% 6.7% Max30 IPs averaged 2,155 boe/d (11,300 lat. length) 6.4%…
Cyclone / Hawkeye Region Map Property Highlights Product Mix Oil 86% Lonestar has acquired its 11,800 gross acres in the NGL's 8% Cyclone/Hawkeye area over the last 4 years Gas 6% Lonestar holds 53 gross / 29 net locations in the…
Marquis (Fayette County) Region Map Property Highlights Acquired in July 2017 for 50 million Through 24 months, field level cash flow has totaled 32 million. Lonestar completed its first 2 wells in October 2019 Drilled to avg.…
Sooner (DeWitt County) DeWitt Product Mix Legend Type Curve Actuals Eagle Ford Oil 20% 16% 2019 Wells Austin Chalk NGL's 34% 38% LONE Acreage Gas 46% 46% 19
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 4,100 to 5,000 laterals 5,100 laterals = 41% IRR Seismic in Dataroom 21
Sooner Revised Development Plan A A A A SOONER BUCHHORN 10H Current Plan 4,100 to 7,000 laterals 5,100 laterals = 41% IRR 6,750 laterals = 64% IRR 7,500 laterals = 82% IRR Seismic w/ Advanced Processing Three 2019…
Sooner (De Witt County) Sooner Activity Map Sooner Highlights Buchhorn4H6H commenced flowback in July Seismic Interpretation allowed for extending laterals through previously mapped faults Added leasehold to further extend laterals…
Hedging Summary Crude Oil Crude Oil Contracts Crude Oil Contracts Period Instrument Volume Fixed Price % of Production 88% 95% 8090% 50% Bal 19 Oil WTI Swap 1,186 bbls/day 48.04 Hedged 1 Bal 19 Oil WTI Swap 1,982 bbls/day 50.40…
Hedging Summary Natural Gas Natural Gas Contracts Natural Gas Contracts % of Periodca Instrument Volume Fixed Price Production 50% 50% 5060% Hedged 1 Bal 19 Natural Gas 5,000 MMBTU/day 2.86 NYMEX Swap 18,000 5.00 Bal 19 Natural…
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