NYSE American: MCF Investor Presentation December 2019
Organization and Management Organizational Structure and Ownership Management Name Title Wilkie S. Colyer, Jr. President and CEO Goff / Other Insiders General Public E. Joseph Grady SVP, CFO 35% 65% W. Farley Dakan SVP of…
Company History and Recent Highlights Completed 56.4mm public equity offering and concurrent private placement and new, JPM-led RCF Closed 22mm private placement equity offering Company History Completed acquisition of Will Energy…
Current Asset Overview Map of Current Assets White Star 315,000 net acres focused in North Central Oklahoma Southern Delaware 80% HBP / 65% operated; 77% average WI / 61% average NRI Pecos Co. Backlog of DUC opportunities will assist…
Market Dynamics and Opportunity Market Dynamics Market Opportunity MLP / royalty trust exits are broken Forced sellers with limited buyers Multiple levels of the capital stack are uneconomic No IPO market outside of minerals…
White Star Case Study Commentary Map Of Key Assets (1) White Star Overview Legend Cherokee White Star (formerly American Energy-Woodford) was an affiliate of Anadarko American Energy Partners founded by Aubrey McClendon (former…
Iron Flea Prospect Background & Summary Asset Locator Map Background Contango Oil & Gas (MCF) and Juneau Exploration (JEX) have a long standing relationship JEX is responsible for the discovery of the Dutch/Mary Rose field, which…
Capitalization and Liquidity Commentary Capitalization Recently entered into a new revolving credit facility with mm, unless otherwise noted JPMorgan and borrowing base was increased to 145mm Share Price as of 12/11/2019 3.03…
Investment Highlights New Key Stakeholders Value-based equity ownership New management and directors committing time and capital to the transforming business Fully aligned with current shareholders Enhanced Financial…
PV-10 Definition PV-10 is a non-GAAP financial measure and represents the present value, discounted at 10% per year, of estimated future cash inflows from proved natural gas and crude oil reserves, less future development and…
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