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Corporate Presentation March 2022 – Lucero Energy Corp.

Lucero Energy Corp. · Mar 1, 2022 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 1
    Corporate Presentation March 2022 TSXV: PSH OTCQB: PSHIF
  2. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 2
    Corporate Summary TSXV: PSH OTCQB: PSHIF Basic Shares Outstanding mm 660 Fully Diluted Shares Outstanding mm 701 Market Cap Cmm 574 Net Debt Cmm 144 Enterprise Value Cmm 718 Net Debt/Cash Flow (YE 2022E) x 0.2 10,500 11,000…
  3. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 3
    Proven Strategy Proven and repeatable strategy to generate value and consolidate/develop the play with a consistent approach throughout the cycle Per share growth through Longterm approach to organic development & creating shareholder…
  4. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 4
    Strategic Priorities Free cash flow with commitment to high quality assets and maintaining financial flexibility Managing a Cyclical Business Balance sheet strength is key Focus on asset quality / capital efficiencies Return of…
  5. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 5
    Ideal Asset Platform Focused, highnetback light oil THE HEART OF THE BAKKEN PLAY Assets focused in the most prolific part of North Dakota Bakken / Three Forks with North Dakota 97% of acreage held by production and development…
  6. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 6
    High Quality Acreage Sizeable drilling inventory and acreage situated in heart of the Bakken / Three Forks Bakken/Three Forks OIP (MMBo/sec) Bakken/Three Forks IP365 (bopd) Situated in the heart of the play ...and surrounded by the…
  7. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 7
    Significant Resource Development Stacked pay serves as a multiplier for drilling locations Reservoir Attributes Bakken Three Forks Lithology Dolomitic Siltstone and Shale Silty Dolomite and Limestone Average Depth 10,300' 10,400…
  8. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 8
    Cash Flow Engine Robust economics for a sustainable free cash flow model Single Well US70 US80 US90 Economics WTI WTI WTI DCET Capital (USmm) 7.0 7.0 7.0 IP365 (boepd) 641 641 641 Reserves (mbbl) 750 750 750 Production Adds…
  9. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 9
    Sustainability & Debt Repayment Prioritizing debt reduction in 2022 10,750 boe/d Annual average production (2022E) (85% oil & NGLs) USWTI 60 70 80 90 100 WTI differential (US) (3.00) (3.00) (3.00) (3.00) (3.00) FX (US/C) 0.77 0.78…
  10. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 10
    Five Pillars of ESG Dedicated ESG program based on five pillar program Health & Safety Environment, Social Engagement & Culture Deliver secure, safe working spills, water use & land use Promote corporate culture of environment…
  11. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 11
    Investment Summary Positioned for Disciplined Growth PurePlay U.S. Sustainable Experienced, Investment & Bakken/Three Forks Business Proven Team Upside Worldclass resource Significant free cash Strong track record of Predictable,…
  12. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 12
    Contact Us Calgary Office Auditors Legal Counsel KPMG LLP Burnet, Duckworth & Palmer LLP (Calgary) Lucero Energy Corp. Bryan Cave Leighton Paisner (Denver) 1800, 350 7th Ave S.W. Reserve Engineers Calgary, AB T2P 3N9 Netherland,…
  13. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 13
    Appendix
  14. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 14
    2022 Capital Program US45 million (C58 million) capital program objectives: Maximize free cash flow generation with a focus on debt repayment Focus on stabilizing production and moderating the corporate decline rate Execute capital…
  15. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 15
    Guidance & Modeling Assumptions (2022) Significant free cash flow potential PRODUCTION Annual Average: 10,500 boe/d 11,000 boe/d (85% oil & NGLs) Exit: 11,000 boe/d (85% oil & NGLs) CASH FLOW Annual average royalty rate: 20% Opex,…
  16. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 16
    Hedges Volume Swap Sold Put Bought Put Sold Call Oil Contracts (WTI) Quarter (bbls/d) (US) (US) (US) (US) Costless Collars Q1 2022 2,500 48.10 63.29 Q2 2022 2,750 48.73 62.72 Q3 2022 1,500 50.83 65.32 Q4 2022 1,500 50.83 65.32 Fixed…
  17. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 17
    Slide Notes Slide 2 1. Net debt/Cash flow (YE 2022E) refers to net debt to cash flow and is calculated using forward benchmark commodity prices as at March 9, 2022 (annual average WTI of US95.64), and is a nonIFRS measure; see NonIFRS…
  18. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 18
    ADVISORY STATEMENTS Forwardlooking Statements Certain information set forth in this presentation, including (among other things): Lucero's proposed development opportunities, business plans and intentions, expectations for realizing…
  19. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 19
    ADVISORY STATEMENTS, CONTD Analogous Information: In this presentation, Lucero has provided certain information on the production rate of a well on properties adjacent to the Company's acreage which is analogous information as defined by…
  20. Corporate Presentation March 2022 – Lucero Energy Corp. – slide 20
    ADVISORY STATEMENTS, CONTD Reserves Disclosures. Estimates pertaining to the Companys reserves and the net present value of future net revenue attributable thereto are based upon the independent engineering evaluation of the crude oil,…

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