Strategic Entry to New Region Regional Focus Area: Central Acquisition of Cotton Valley Assets from Indigo Minerals LLC 30 April 2021
PROVEN CONSOLIDATION STRATEGY SETS THE STAGE PEOPLE A Proven Business Model with a Strong Foundation PROCESS to Sustain and Expand our Asset Portfolio SYSTEMS 75 Million 1.8 Billion in Enterprise Value through Deliberate,…
EXECUTIVE SUMMARY Why the Central Regional Focus Area Transaction Overview Provides access to assets with Diversifieds targeted Gross Purchase Price (MM) 135 characteristics at compelling valuations that allow for Net Purchase Price…
NEW REGIONAL FOCUS AREA PROVIDES ATTRACTIVE OPPORTUNITIES Regional Highlights Key Value Drivers Current gross production: 24 Bcfepd (90% Gas) Producing wells: Ample Potential for Scale Availability of mature producing assets…
AMPLE TAKEAWAY, FAVOURABLE BASIS DIFFERENTIALS Proximity to Premier Gulf Coast Natural Gas Market Drives Competitive Superior Economics Afforded by Advantaged Economics Differentials to Henry Hub 1.00 0.50 (0.50) (1.00)…
A FAMILIAR ASSET PROFILE Illustrative Type Wells Appalachia Cotton Valley Unconventional Horizontal Developer / Seller Produces Diversified Purchases + Efficiently Produces Primary Product Natural gas Natural gas Hyperbolic (Steep)…
THAT IS SET UP FOR SUCCESS Favourable Operating Environment Value Drivers of Asset Louisiana and Texas offer two of the most 100% held by production (HBP) land position carries no other favourable regulatory and social environments…
ASSET DETAIL AND IMPACT ON BUSINESS Adjusted EBITDA(a) Daily Production (Net MBoepd) PDP Reserves (MMBOE) 116 657 341 100 301 607 2020 2020 PF 2020 2020 PF 31 Dec 2020 Adjusted Net Operated Wells by Age Hedge Portfolio…
KEY BENEFITS OF ACQUISITION Expansion and diversification of new regional foothold through strong opportunity pipeline Extension of successful business model to new assets with similar operating profile Improved economics…
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