Company Overview Asset Footprint NYSE MKT listed Houston, TX based E&P Company PRODUCING HORIZON COUNTY Areas of focus in South & East Texas GONZALES EAGLEFORD WILSON Eagle Ford (oil window), Aus5n Chalk, Buda / Glen Rose AUSTIN…
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…
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…
Eagle Ford and AusBn Chalk Oset Producers: EOG, Marathon/Sanchez, Forest Oil, Hunt, and Penn Virginia ProspecBve Buda / Glen Rose Buda / Glen Rose Prime Eagle Ford and Aus5n Chalk Plays Signicant Oset Produc5on Eagle…
LEI Acreage 10,000 Net Aus5n Chalk acres 3,300 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…
Lucas Acreage 10
Lucas Eagle Ford PUDs Aurora Oil & Gas EOG Resources booked on 100+ acre spacing Marathon Repor5ng 80 Acre Spacing going to 60s Penn Virginia Repor5ng 128 Acre Spacing going to 53s EOG Repor5ng 65 Acre Marathon Oil & Gas…
Markets Impact on Strategy Steep decline in crude oil prices have impacted LEI strategy to pursue nancing and expansion opportuni5es; aggressively cuxng G&A costs through sta aRri5on Market condi5ons will determine the 5ming of…
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…
CapitalizaBon ( in 000s) 3/31/2013 3/31/2014 9/30/2014 Coupon Maturity Cash and Cash Equivalents 451 522 306 Total Assets 37,743 40,738 39,727 Signicantly reduced total Debt Nordic Notes Payable 875 0 0 6.0% Nov-12 debt as…
Revenue & Expense Trends Commentary 9,000 8,247 8,000 TTM as of 9/30/2014 and scal 2014 revenues impacted by 7,000 6,099 property sales and asset 6,000 5,630 conveyances in addi5on to falling 5,220 commodity prices…
Selected Financial Results Commentary YOY INCOME STATEMENT (000S) 9/30/2013 9/30/2014 % Year-over-year as of Net Operating Revenues 1,227 993 -19.1% 9/30/2014, Lucas Operating Expenses trimmed its net loss by Lease Operating…
Tony Schnur, CEO 20+ 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 Previously served eight…
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…