Additional Information ADDITIONAL INFORMATION AND WHERE TO FIND IT This communication may be deemed to be solicitation material in respect of the proposed merger (the Proposed Merger). The Proposed Merger will be submitted to Contango…
Merger with Mid-Con Energy Value add transaction adding oil-weighted reserves and scale Acquisition of PDP heavy reserves at an attractive unlevered return Oil weighted and low production decline (low to mid single digits) Familiarity…
MCF History and Recent Highlights Company History Closed 56.4mm public equity offering and new, JPM-led RCF Closed 22.1mm private placement equity 2006 - offering 1999 2013 2018 2020 2010 Acquired 5,000 net Closed acquisitions of…
Organization and Management Organizational Structure and Ownership Management Name Title Wilkie S. Colyer, Jr. CEO Goff and Affiliates Public (2) W. Farley Dakan President 28% 72% Chad Roller, PhD SVP, COO Contango Oil and…
MCF Current Asset Overview Map of Current Assets Gulf of Mexico Stable production / cash flow base supported by active hedging program Southern Delaware Shallow shelf position Pecos Co. NE Bullseye Eugene Island situated in 13 of…
MCEP Current Asset Overview Map of Current Assets MCEP Low Decline Asset Base Achieved significant debt paydown since 2015 through a series of strategic transactions Pine Tree Unit 13,000 acre waterflood Asset base is stable and…
Pro Forma Asset Overview Asset Map Asset and Operating Comparison Summary Est. Pro MCF MCEP Metrics Forma Proved Reserves 43.0 23.9 66.9 (MMBoe) Proved PV-10 190.7 173.9 364.6 (mm) (1) Total Debt / 1.4x 7.2x 1.8x (3)…
Estimated Pro Forma 1P Reserves 8/4/2020 NYMEX Strip Pricing Total 1P Reserves Oil Gas NGL Total PV-10 As of 12/31/2019 (MMBbl) (Bcf) (MMBbl) (MMBoe) (mm) Proved Developed Producing (PDP) 26.8 124.3 10.1 57.7 314.2 Proved…
Transaction Details Sources and Uses ( in millions) (2) MCF acquires MCEP in an all-stock transaction Sources Est. MCF shares issued: 25.0mm New MCF Common Equity to MCEP 42.8 M&A PF MCF shares outstanding: 184.5mm (1) New MCF…
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 production…
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