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Corporate Presentation – Lucas Energy, Inc.

Lucas Energy, Inc. · Jul 1, 2014 · 23 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 – Lucas Energy, Inc. – slide 1
    NYSEMKT: LEI
  2. Corporate Presentation – 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 (oil window), Aus5n Chalk, Buda / Glen Rose Austin…
  3. Corporate Presentation – Lucas Energy, Inc. – slide 3
    Lucas Energy Letter to Shareholders Dear Shareholders, (continued) Our fiscal year 2014 was marked by significant transition and Upon the proposing of a well, the other party has a 30-day transformation. Lucas Energy continues to be an…
  4. Corporate Presentation – Lucas Energy, Inc. – slide 4
    172.1mm PV-10 total 2P reserves (65+ acre Eagle Ford spacing)1 Strong Reserve Base and 5,591 Mboe Total Proved Reserves: 5,038 Mbbls (90% Oil) 1 Oset ProducBon 3.73 per share of Total Proved Reserve Value1 Strong oset produc5on…
  5. Corporate Presentation – Lucas Energy, Inc. – slide 5
    Appointment of new CEO, Anthony Schnur December 2012 Comple5on of 4 million non-core asset sale SeRlement of lawsuit, elimina5ng 24 million in related obliga5ons March / April 2013 Comple5on of 2.75 million loan Comple5on of…
  6. Corporate Presentation – Lucas Energy, Inc. – slide 6
    Company Overview 7
  7. Corporate Presentation – Lucas Energy, Inc. – slide 7
    Reserve Summary (1) Oil Gas Total PV-10 PV-10 / PV-10 / (MBbls) (Mmcf) (Mboe) % Oil (mm) Share (2) BOE PDP 186 2 187 99.9% 8.2 0.25 43.91 PUD 4,852 3,314 5,404 89.8% 103.8 3.11 19.20 Total 5,038 3,316 5,591 90.1% 112.0 3.35 20.03…
  8. Corporate Presentation – Lucas Energy, Inc. – slide 8
    Eagle Ford and AusBn Chalk Oset Producers: EOG, Marathon/Sanchez, Forest Oil, Hunt, and Penn Virginia Buda / Glen Rose Oset Producers: Sequitur (Navidad), Cubic, Burk Royalty, Treadstone Buda / Glen Rose Prime Eagle…
  9. Corporate Presentation – Lucas Energy, Inc. – slide 9
    LEI Acreage 12,000 Net Aus5n Chalk acres 4,000 Net Eagle Ford acres Op5miza5on of Frac techniques becoming more rened Poten5al to gain acreage through non-par5cipa5on is high Posi5ve results on trend con5nue to support acreage…
  10. Corporate Presentation – Lucas Energy, Inc. – slide 10
    Lucas Acreage 11
  11. Corporate Presentation – Lucas Energy, Inc. – slide 11
    Lucas Eagle Ford PUDs booked on 100+ acre spacing Aurora Oil & Gas EOG Resources Marathon Repor5ng 80 Acre Spacing going to 60s Penn Virginia Repor5ng 128 Acre Spacing going to 53s EOG Repor5ng 65 Acre Spacing going to…
  12. Corporate Presentation – 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-produc5on Leon Majority (70%) of acreage is in one large tract Leon Company maintains all rights at all…
  13. Corporate Presentation – Lucas Energy, Inc. – slide 13
    Gross and Net Developed and Undeveloped Leasehold Acreage Total Developed Undeveloped LocaBon Gross Net Gross Net Gross Net Aus5n Chalk* 14,518 12,049 14,090 11,621 428 428 Eaglebine/Buda & 3,110 1,265 165 153 2,945 1,112…
  14. Corporate Presentation – Lucas Energy, Inc. – slide 14
    Markets Impact on Strategy Markets moving away from Micro-caps; Mid-caps have access to more favorable debt nancing, receive greater sell-side analyst coverage trade with greater liquidity and higher per share mul5ples; LEI shiq…
  15. Corporate Presentation – Lucas Energy, Inc. – slide 15
    Strong Reserve Base of 112.0M in Proved PV-10 with Signicant Oset ProducBon Well PosiBoned Acreage in Eagle Ford and AusBn Chalk Plays Signicant Development PotenBal with Over 100 Proved Eagle Ford Drilling LocaBons…
  16. Corporate Presentation – Lucas Energy, Inc. – slide 16
    Financial Overview 17
  17. Corporate Presentation – Lucas Energy, Inc. – slide 17
    CapitalizaBon ( in 000s) 12/31/2012 12/31/2013 3/31/2014 Coupon Maturity Cash and Cash Equivalents 3,653 1,601 522 Total Assets 63,920 42,005 40,677 Signicantly Debt reduced total Nordic Notes Payable 22,035 6.0% Nov-12 debt as…
  18. Corporate Presentation – Lucas Energy, Inc. – slide 18
    Revenue & Expense Trends Commentary 9,000 8,247 8,000 Fiscal 2014 revenues impacted by property sales and asset 7,000 conveyances in addi5on to falling 6,099 6,000 5,630 commodity prices 5,258 5,220 Reduced LOE and G&A…
  19. Corporate Presentation – Lucas Energy, Inc. – slide 19
    Selected Financial Results Commentary YOY INCOME STATEMENT (000S) FYE 2013 FYE 2014 % Over last twelve months, Net Operating Revenues 8,247 5,220 -36.7% Lucas trimmed its net Operating Expenses loss by 31.0% Lease Operating…
  20. Corporate Presentation – Lucas Energy, Inc. – slide 20
    Fourth Quarter Annualized Run Rates Lucas Energy, Inc. Year to Date Quarter FY 2014 Ye 2013 Q1 Total Q2 Total Q3 Total Q4 Total LOE - Basic (Recurring LOE) 1,896,752 286,374 253,659 230,830 195,834 Annualized 1,896,752 1,145,496…
  21. Corporate Presentation – Lucas Energy, Inc. – slide 21
    Appendix 22
  22. Corporate Presentation – Lucas Energy, Inc. – slide 22
    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 opera5ons in Texas and Louisiana Tony Schnur 20+ Years Previously served…
  23. Corporate Presentation – Lucas Energy, Inc. – slide 23
    AbbreviaBons Used in the PresentaBon: 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…

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