www.nighthawkenergy.com Appendix Slides The Company Needs Work LSE: HAWK
www.nighthawkenergy.com The Overview Public company, U.S. operator in Colorados prolific Denver-Julesburg Basin 100% WI in more than 200,000 net acres, or about 10% of play Multi-zone opportunities; inventory of more than 81 drill…
www.nighthawkenergy.com Appendix Slides The People Needs Work LSE: HAWK
www.nighthawkenergy.com Nighthawks Management Team Rick McCullough, Chairman Rick was appointed Chairman of Nighthawk on October 1, 2014 and has over 30 years experience in the US energy and oil and gas industries. He served with…
www.nighthawkenergy.com Appendix Slides The Strength of the Story Needs Work LSE: HAWK
www.nighthawkenergy.com The Business Strategy of Nighthawk Energy Large operated land position with attractive geologic and hydrocarbon production characteristics Use best in class drilling and completion technologies to produce…
www.nighthawkenergy.com Appendix Slides The Assets Needs Work LSE: HAWK
www.nighthawkenergy.com World-Class Operators: Eastern Colorados D-J Basin Core Stacked Formation Play Approx. 3 million gross acres Major players by Acreage* Pioneer 20% Cascade 15% Nighthawk 10% LSE: HAWK Anadarko 10%…
www.nighthawkenergy.com Why Nighthawk is Focused on D-J Basin Attractive entry point for assimilating large acreage position Average cost of less than US60/acre; High NRI of 80-85% All rights to all depths provides large resource…
www.nighthawkenergy.com The Companys Competitive Comparisons Nighthawk Energy Per-Well EUR D&C (US million) IRR Payback Period DJ Basin 250 MBOE 2.0 55% - 200+% 6-12 Months Company A Per-Well EUR D&C (US million) IRR Payback…
www.nighthawkenergy.com Arikaree Creek Field Development Big Sky 4-11 First prod 5-24-2013 * Big Sky 5-11 IP30 374 stb/d First prod 3-2-2014 Cum 144.1 Mstb IP30 277 stb/d Taos 1-10 EUR 213.1 Mstb Cum 36.7 Mstb First prod 6-16-2013…
www.nighthawkenergy.com Past Drilling Success ( in millions unless otherwise noted) AFE vs. Actual Cost MM Actual Budget Actual Average Budget Average 4.0 3.3 3.0 2.6 2.6 2.7 2.6 2.6 2.6 2.4 2.0 2.1 2.1 2.0 2.0 1.9 1.9 1.9…
www.nighthawkenergy.com Arikaree Creek Historical Field Analysis ( in millions unless otherwise noted) Overview Production Arikaree Creek field discovered in November BOEPD Actual Illustrative 2012 with Steamboat Hansen 8-10…
www.nighthawkenergy.com Current Thinking Arikaree Creek Penn Prospective Outline (54 potential locations) Area of Pennsylvanian drape LSE: HAWK Existing Wells 12 Miss, 2 Penn Awaiting recompletion Loc (Miss and Penn) Loc…
www.nighthawkenergy.com Is Snow King another Arikaree Creek Penn Prospective Outline (68 potential locations) Area of Pennsylvanian drape LSE: HAWK Existing Well (Snowking 13-33) Dry hole with oil shows Currently drilling…
www.nighthawkenergy.com Ryder Scott Reserves vs. Potential Nighthawk estimates 11 MMBOE of net 3P Reserves(2) on the currently de- risked acreage (8,000 acres) Ryder Scott Reserves (net) (1) Potential Ryder Scott Management Case…
www.nighthawkenergy.com Appendix Slides The Next Steps Needs Work LSE: HAWK
www.nighthawkenergy.com Meeting and Exceeding Strategic Targets Development Transition to Proof of Balanced Concept Mode to Development Established Increase EBITDA Potential/ and Value NAV Expansion Establish sustainable and…
www.nighthawkenergy.com Illustration of 25MM Incremental Investment ( in millions unless otherwise noted) Illustrative Average Incremental Production by Year Overview Net Boe/d Key Drill-out model assumptions: 4,000 Effective…
www.nighthawkenergy.com The Reasons to Invest in HAWKs Growth Developmental drilling with continuing exploration at high IRRs First-mover advantage: high-quality assets supports top-tier project metrics Experienced management team…
www.nighthawkenergy.com Appendix Slides Appendix Needs Work LSE: HAWK
www.nighthawkenergy.com Interim Results 30 June 2014 Unaudited Unaudited Unaudited Audited 6 months 6 months 6 months Year ended 30 ended 31 ended 30 ended 31 June 2014 December 2013 June 2013 December 2013 Revenue 25,417,770…
www.nighthawkenergy.com Terminology AFE Authority for expenditure is a budgetary document, usually prepared by the operator, to list estimated expenses of drilling a well to a specified depth, casing point or geological objective, and…
www.nighthawkenergy.com Terminology Mcf Thousand cubic feet NAV Net asset value Net revenue interest (NRI) - Nighthawk's share of oil, gas, and associated hydrocarbons produced, saved, and marketed, after satisfaction of all…
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