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Howard Weil Energy Conference – Lucas Energy, Inc.

Lucas Energy, Inc. · Mar 31, 2014 · 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. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 1
    NYSEMKT: LEI
  2. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 2
    Company Overview Asset Footprint NYSE MKT listed Houston, TX based E&P Company Producing Horizon County Gonzales Areas of focus in South & East Texas Eagle Ford & Wilson Eagle Ford Shale (oil window), Austin Chalk, Buda / Glen Rose…
  3. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 3
    132.6mm PV-10, based on 100+ acre Eagle Ford spacing Strong Reserve Base and Additional 35.9mm PV-10 in Probables 5,572 Mboe Total Proved Reserves: 5,131 Mbbls (92% Oil) Offset Production 4.43 per share of Total Proved Reserve Value…
  4. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 4
    Years of Experience Joined Lucas in 2012; previously spent three years as the interim CEO / CFO of Chroma Oil & Gas, a private equity backed E&P with operations in Texas and Louisiana Tony Schnur 20+ Years Previously served eight…
  5. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 5
    Company Overview 6
  6. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 6
    Transforming the Business Dec 14, 2012: Announces Appointment of New CEO and Director Dec 21, 2012: Announces Completion of 4 Million non-core Asset Sale Mar 29, 2013: Settles Lawsuit, Eliminating 24 Million in Related Obligations…
  7. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 7
    Reserve Summary (1) Oil Gas Total PV-10 PV-10 / PV-10 / (2) (MBbls) (Mmcf) (Mboe) % Oil (mm) Diluted Sh BOE PDP 251 - 251 100% 12.6 0.42 50.0 PUD 4,880 2,643 5,320 92% 120.1 4.01 22.6 Total 5,131 2,643 5,572 92% 132.6 4.43 23.8…
  8. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 8
    Eagle Ford and Austin Chalk Offset Producers: EOG, Marathon/Sanchez, Forest Oil, Hunt, and Penn Virginia Buda / Glen Rose Offset Producers: Sequitur (Navidad), Cubic, Burk Royalty, Treadstone Buda / Glen Rose Prime Eagle Ford…
  9. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 9
    LEI Acreage 12,000 Net Austin Chalk acres 4,000 Net Eagle Ford acres Optimization of Frac techniques becoming more refined Potential to gain acreage through non-participation is high Positive results on trend continue to support…
  10. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 10
    Lucas Acreage 11
  11. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 11
    Detail of Offset Operators Gonzales County 12
  12. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 12
    LEI Acreage 1,000 Net Eaglebine, Buda-Glen Rose Madison Majority of acreage is primary term leases with 12% held-by- production Leon Majority (70%) of acreage is in one Leon large tract Company maintains all rights at all…
  13. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 13
    Markets Impact on Strategy Markets moving away from Micro-caps; Mid-caps access to more favorable debt financing, receive greater sell-side analyst coverage trade with greater liquidity and higher per share multiples; LEI shift to…
  14. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 14
    Lucas Eagle Ford PUDs booked on 100+ acre spacing Aurora Oil & Gas EOG Resources Marathon Reporting 80 Acre Spacing going to 60s Penn Virginia Reporting 128 Acre Spacing going to 53s EOG Reporting 65 Acre Spacing going to 40s…
  15. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 15
    Financial Overview 16
  16. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 16
    As of 12/31/2012 12/31/2013 Significantly Capitalization Actual Actual Coupon Maturity reduced total debt Cash and Cash Equivalents 0.7 1.5 as percent of total Total Assets 64.0 42.0 capitalization and Debt total assets Nordic Notes…
  17. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 17
    Revenue & Expense Trends Commentary ( in thousands) Over last nine months, Lucas trimmed its 7,000.0 net loss by 41.2% Resolved outstanding litigation and 6,000.0 6,379 associated debt (cancellation of Nordic debt) 5,000.0 5,234…
  18. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 18
    in thousands 9 Mos Ended 9 Mos Ended YOY Variance 12/31/2012 12/31/2013 % Net Operating Revenues 6,378.5 4,070.1 (36.2%) Operating Expenses Lease Operating Expenses 3,085.8 1,741.7 (43.6%) G&A 5,233.5 3,206.6 (38.7%) Other…
  19. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 19
    Strong Reserve Base of 132.6M in Proved PV-10 with Significant Offset Production Well Positioned Acreage in Eagle Ford and Austin Chalk Plays Significant Drilling and Development Potential with Over 100 Proven Drilling…
  20. Howard Weil Energy Conference – Lucas Energy, Inc. – slide 20
    Abbreviations Used in the Presentation: BOE Barrels of oil equivalent Mboe Thousand barrels of oil equivalent Mbbls Thousand barrels (of oil) Mcfe Thousand cubic feet equivalent (gas) PDP Proved Developed Producing reserves PUD Proved…

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