Lonestar Resources Presentation to Investors June 2014
Company Profile Lonestar is a rapidly growing E&P company Share Price History focused on the Eagle Ford Shale 0.50 10.0 0.45 Drilling and acquisition capital concentrated in 0.40 8.0 the crude oil window of the Eagle Ford Shale…
Lonestars Track Record of Rapid Growth Net Acreage Eagle Ford Shale Trend Proved Reserves1 25,000 30 25 20,000 1P Reserves (MMBOE) 20 Net Acres 15,000 15 10,000 10 5 5,000 0 Dec-11 Dec-12 Dec-13 Today 0 Dec-11…
Lonestars Footprint 1 BAKKEN THREE FORKS 35,000 net acres Resource Assessment 3D Seismic Complete 41 Conventional Prospects identified Intense Fracturing in Unconventional Targets CONVENTIONAL OIL & GAS Mature Producing…
Pv10 & Share Price Valuation 900 800 SEC PV10 (USMM) 700 600 0.77 500 per share 0.64 per share 400 0.49 0.39 per share Equity per share 300 200 Net 100 Debt 0 TEV Proved PV10 2P PV10 3P PV10 1. Please see…
Management Team Background and Track Record
High Caliber Management Team Executive Previous Experience Biography Over 27 years experience in oil and gas finance Frank D. Bracken, III Previously Managing Director at Jefferies LLC, where he led 5 billion in oil and gas Chief…
High Caliber Management Team (Contd) Executive Previous Experience Biography Scott E. Sabatka Over 34 years US / international exploration and development experience, including in the Texas Gulf Coast, Permian, Williston, Powder…
Eagle Ford Shale Growth and Development Plan
Lonestars Business Vision 1 Execute Growth Plan on Existing Asset Base Seasoned Team Drilling & Completion team has completed 75 Eagle Ford Shale wells High Margins / Lonestars Cash Margins per BOE averaged 66.43 in 2013, average…
Portfolio Focused on the Eagle Ford Total Eagle Ford Engineered Acreage Net Acres 23,079 NonEngineered Acreage Gross Engineered Locations 136 Net Acres HBP 14,331 Avg. W.I. 89% Eastern Net Acres 5,022 Gross Engineered Locations…
Western Region Summary Overview Engineered LEASE & DRILLING SUMMARY Acreage Burns Ranch Gross Leasehold 8,565 Net Leasehold 7,073 % HBP 100.0% Upside Acreage Top EPS 6,500' to 7,900' Asherton Burns Ranch Lateral Lengths…
Western Region Leasehold Detail Beall Ranch Asherton Burns Ranch Area Beall Ranch Asherton Burns Ranch Area Gross Net Gross Net Gross Net 1Q14 Production (BOEPD) 2,997 2,196 1Q14 Production (BOEPD) 359 262 1Q14 Production (BOEPD)…
Central Region Summary Overview LEASE & DRILLING SUMMARY Gross Leasehold 11,041 Gonzo Gonzales Engineered Acreage Gonzo Area Net Leasehold 10,984 % HBP 72.3% Top EPS 6,700' to 7,900' Upside Acreage Lateral Lengths 5,000' to…
Central Region Leasehold Detail Gonzo Gonzo Gross Net 1Q14 Production (BOEPD) 88 66 Producing Eagle Ford Wells 3 3 Engineered Acreage 3,383 3,383 Drilling Locations Proved 2 2 Probable 20 20 Gonzales Possible 1 0 0 Engineered…
Eastern Region Summary Overview LEASE & DRILLING SUMMARY Engineered Gross Leasehold 6,257 Acreage Net Leasehold 5,022 % HBP 67.1% Aguila Vado Top EPS 7,800' to 8,500' Lateral Lengths 5,000' to 6,400' Upside Acreage Assumed…
Eastern Region Leasehold Detail Northern Brazos County Brazos County Gross Net Robertson 1Q14 Production (BOEPD) 260 203 Producing Eagle Ford Wells 4 4 Engineered Acreage 3,839 3,449 Drilling Locations Proved 6 6 Probable 3 3…
Eastern Region South Brazos Play Expansion Brazos County Robertson Gross Net 1Q14 Production (BOEPD) 260 203 Producing Eagle Ford Wells 4 4 Grimes Engineered Acreage 3,839 3,449 Drilling Locations Proved 6 6 Probable 3 3…
Conventional Assets Stability & Free Cash Flow
Conventional Assets 3.8 MMBOE Proved Reserves 1 79% Crude Oil 15% of Lonestars Total Proved Reserves North Texas 678 BOEPD 1Q14Production 75% Crude Oil & NGLs 15% of Lonestars Total Production West Texas LongLived Reserves with…
BakkenThree Forks Resource Assessment
Bakken/Three Forks West Poplar Resource Assessment Greater Williston Basin Williston Basin renowned for highly successful Daniels Sheridan Divide Burke Bakken / Three Forks play FORT PECK RESERVATION Historical industry activity…
Bakken/Three Forks Lonestars Progress Stone Turtle Exploratory Unit (proposed) Lonestar and its partners drilled the Clark Farms POPLAR 2910 in July, 2012 as a vertical completion DOME Tested light crude oil from three zones…
Appendix
Glossary 1P reserves means proved reserves. 2P reserves means proved plus probable reserves. bbl means barrel. boe means barrels of oil equivalent, determined using a ratio of 6 Mcf of natural gas to 1 bbl of condensate or crude oil…
EBITDA Assumptions EBITDA estimates are based on the following assumptions: Production estimates as set out in this presentation. The total number of planned wells at each asset is consistent with assumptions contained in the…
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