NYSE American: MCF JP Morgan Energy Conference June 17, 2020
Company History and Recent Highlights Company History Closed 56.4mm equity offering and new, JPM- led RCF Closed 22.1mm private placement equity 2006 - offering 1999 2013 2018 2010 Acquired 5,000 net Closed acquisitions of Will…
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 32% 68% W. Farley Dakan SVP of…
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…
Current Asset Overview Map of Current Assets Gulf of Mexico Southern Delaware Stable production / cash flow base supported by active hedging program Pecos Co. NE Bullseye Shallow shelf position Eugene Island situated in 13 of water…
White Star Case Study Commentary Map Of Key Assets (1) White Star Overview Legend Central Oklahoma White Star (formerly American Energy-Woodford) was an affiliate of Western Anadarko American Energy Partners founded by Aubrey…
Will Energy Case Study Will Energy Overview Map Of Key Assets North Louisiana Core assets located in the North Louisiana (N. LA) and Western Anadarko Basin (WAB) 4Q 2019 net production: 1.7 MBoe/d Expected field-level cash flow…
Delaware Basin Pecos County Northeast Bullseye 2 3 1 4 Project Area Map Northeast Bullseye Recent NE Bullseye Results Well Name First Production Target Lateral Length (ft) IP-30 (Boe/d) % Oil Bullseye 1 State…
GOM Opportunity (Juneau Oil & Gas Partnership) Background & Summary Prospects Locator Map Contango Oil & Gas (MCF) and Juneau Oil and Gas (JOG) have a long standing relationship JOG is responsible for the discovery of the Dutch/Mary…
Fee for Service Business Leverages the platform to generate asset-lite cashflow Allows for alignment and participation in the upside of the assets via back-ins, warrants etc. Target assets that we would ultimately want to put on…
Capitalization and Liquidity Commentary Capitalization (Balance Sheet as of 3/31/2020) Conservative leverage profile mm, unless otherwise noted Share Price as of 6/15/2020 3.00 PDP weighted asset base (x) Fully Diluted Shares…
Current Hedge Schedule 39.6m of net MTM assets as of strip pricing on 3/31/2020 Oil Hedges Natural Gas Hedges Period Derivative Volume/Month Price / Bbl Period Derivative Volume/Month Price / MMBtu Jan 2020 - March 2020 Collar 3,442…
Contango Top 10 Shareholders Contangos shareholder base remains highly supportive, with demonstrated appetite to provide additional equity capital to pursue managements current strategy (1) Stake Holder Shares ('000's) Outstanding %…
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 Shareholder base remains highly…
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