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INVESTOR PRESENTATION – Lonestar Resources Ltd.

Lonestar Resources Ltd. · Nov 1, 2013 · 38 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. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 1
    Lonestar Resources Presentation to Investors November 2013
  2. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 2
    Lonestar Resources: Corporate Summary Share Price History Pro forma capital Structure 0.300 ASX code LNR 0.275 0.250 Ordinary shares on issue 697m LNR Daily Share Price 0.225 0.200 Current share price (1 November 2013)…
  3. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 3
    Significant Portfolio Focused On Unconventional Oil Merger between Lonestar and Amadeus completed January 2nd, 2013 Amadeus longlived oil production, with free significant cash flow Geographic split of Proved reserves 1 Lonestars…
  4. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 4
    Corporate Progress 2013 (To Date) At Merger1 Today2 Growth Total Company Proved Reserves (MMBOE) 12.9 16.8 + 30% NPV10 (USMM) 239.8 365.6 +52% Production (BOEPD) 2,604 4,003 +54% EBITDAX (Annualized) 31.2 87.6 +180% Borrowing…
  5. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 5
    Management Team Background and Track Record
  6. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 6
    Management Team Biographies Frank D. Bracken, III Over 27 years experience in oil and gas finance Managing Director Previously Managing Director at Jefferies & Co., Inc., where he led 5 billion in oil and gas transactions Chief…
  7. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 7
    A Track Record of Rapid Growth Lonestar has achieved rapid growth in terms of acreage position, reserves and production Net acreage 1P Reserves1 60,000 18 16 50,000 14 1P Reserves (Mmboe) 40,000 12 Net Acres 10…
  8. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 8
    Eagle Ford Shale Growth and Development Strategy
  9. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 9
    Eagle Ford Growth Strategy Lonestar Focuses On The Crude Oil Window In the Eagle Ford Shale Highest Margins Per BOE in the play Current Revenue Mix 92% crude oil / 4% NGLs / 4% natural gas 82.80 per BOE 1 Extremely High EBITDA…
  10. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 10
    Eagle Ford Leasehold Position Gonzo Operator Lonestar Gross acres 3,383 Net acres 3,383 WI 100.0% Pirate Royalty 24.1 % Operator Lonestar Gross acres 3,525 Beall Ranch Net acres 3,468 Asherton WI 98.4% Operator Lonestar…
  11. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 11
    Eagle Ford Shale Beall Ranch WI% 97.7% Leasehold and activity map Royalty% 25.0% How Acquired Purchase of Working Interest Operator Lonestar Resources, Inc. Gross Acres 2,373 Net Acres 2,318 Reserves1 1P: 10.5 mmboe (86% liquids)…
  12. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 12
    Beall Ranch Development Process = Progress Impact of Bigger Fracs On Production Leasehold Map Development Progress 1,600 600 Max Month Oil Production (bopd) 1,400 D 500 1,200 Proppant Per Foot Onstream- Flowback 400…
  13. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 13
    Eagle Ford Shale Beall Ranch Capital and Reserves Information Per Well1 Production Type Curve1, 2 Capital Costs (MM) 800 Drilling 2.0 700 30-Day Max Production Rates: Completion 4.0 Crude Oil - 488 bopd Production (Boepd) 600…
  14. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 14
    Beall Ranch Flowback Progress 1 800 700 600 19H Oil Production (bopd) 500 8H12H 13H 11H 6H 9H17H 400 5H 1H 7H 3H 300 2H 18H 200 4H 100 0 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47…
  15. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 15
    Eagle Ford Shale Asherton Leasehold and activity map WI% 97.0% Royalty% 24.0% How Acquired Purchased core acreage out of bankruptcy, added on additional acreage through primary lease Operator Lonestar Resources, Inc. Gross Acres…
  16. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 16
    Eagle Ford Shale Asherton Capital and Reserves Information Per Well1 Production Type Curve1,2 600 Capital Costs (MM) 30-Day Max Production Rates: Drilling 1.7 500 Crude Oil- 287 bopd Production (Boepd) Completion 3.8 NGL's-…
  17. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 17
    Eagle Ford Shale Gonzo WI% 100.0% Leasehold and activity map Royalty% 24.1% How Acquired Primary Term Leases, Acquisitions, Top Leases Operator Lonestar Resources, Inc. Gross Acres 3,383 Net Acres 3,383 Reserves Expected to be…
  18. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 18
    Eagle Ford Shale Gonzo Capital and Reserves Information Per Well1 Production Type Curve1 Capital Costs (MM) 600 Drilling 2.0 30-Day Max Production Rates: 500 Completion 3.5 Crude Oil- 505 bopd Production (Boepd) NGL's- 21…
  19. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 19
    Gonzo 1Well Sensitivity Analysis IRR% Analysis 100% 90% 80% IRR% Matrix 70% Capex (MM) 500 bopd IP 400 bopd IP 300 bopd IP 60% IIRR % 5.00 92.2% 61.6% 35.9% 50% 5.25 79.8% 53.2% 30.6% 40% 5.50 69.4% 46.1% 26.2% 30%…
  20. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 20
    Eagle Ford Shale Pirate Offset Operator IPs Wilson / Karnes County Locator Map P. Moczygemba B 1H Max 30 Oil 526 bopd Max 30 Gas 169 Mcfgpd Warnken 1H Max 30 BOE 554 BOEPD Max 30 Oil 427 bopd Max 30 Gas 226 Mcfgpd Max 30 BOE…
  21. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 21
    Eagle Ford Shale Pirate WI% 98.4% Leasehold and activity map Royalty% 25.0% Operator Lonestar Resources Gross Acres 3,525 Net Acres 3,468 Reserves 1 Initial bookings likely at yearend 2013 PV10 1 Initial bookings likely at…
  22. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 22
    Eagle Ford Shale Pirate Capital and Reserves Information Per Well1 Production Type Curve1, 2 Capital Costs (MM) 450 Drilling 2.6 30-Day Max Production Rates: 400 Completion 3.6 Oil - 374 Bopd Production (Boepd) 350 NGL's -…
  23. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 23
    Eagle Ford Shale Drilling Engine For Growth1 8,000 60 7,000 50 6,000 Net Eagle Ford Producers 40 Production (BOEPD) 5,000 4,000 30 3,000 20 2,000 10 1,000 0 0 Jul12 Jul13 Jul14 Jul15…
  24. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 24
    Conventional Assets Stability & Free Cash Flow
  25. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 25
    Conventional Assets 4.1 MMBOE Proved Reserves 79% Crude Oil 24% of Lonestars Total Proved Reserves North Texas 734 BOEPD 3Q13 Production 72% Crude Oil & NGLs 25% of Lonestars Total Production West Texas LongLived Reserves with…
  26. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 26
    BakkenThree Forks Growth and Development Strategy
  27. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 27
    Bakken/Three Forks West Poplar Daniels Sheridan Divide Burke Williston Basin renowned for highly successful FORT PECK RESERVATION Bakken Three Forks play Williams NESSON ANTICLINE Historical industry activity concentrated…
  28. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 28
    Bakken/Three Forks West Poplar June 2011 Lonestar and its partners drilled the Clark Farms 2910 in July, 2012 as a vertical completion Encountered three prospective nonconventional zones which comprise a 120 to 150…
  29. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 29
    Bakken/Three Forks West Poplar July 2012 Since this well test, nearly 1 million new acres have been leased north of the BrocktonFroid fault, suggesting validation of the West Poplar potential Lonestar is currently seeking to…
  30. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 30
    Summary of Investment Considerations A Significant New Oil & Gas Company Listed on The ASX Merger of Lonestar Resources and Amadeus Energy, Ltd completed January 2nd, 2013 Market capitalization of 184 million 1 Total Enterprise…
  31. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 31
    Metrics & Valuation Lonestar Resources, Ltd. (LNR: ASX)
  32. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 32
    A NonConventional Oil Company of Significant Scale Net 1P Reserves1 (mmboe) Net Production2 (boepd) Aurora Oil & Gas Aurora Oil & Gas Lonestar Resources Sundance Energy Antares Energy Lonestar Resources Sundance Energy Red…
  33. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 33
    Attractive Valuation Relative to ASXListed Peers Enterprise Value1 / 1P Reserves2 (A/BOE) Enterprise Value1 / 2P Reserves2 (A/BOE) 35.1 31.8 24.6 20.7 17.9 16.9 17.4 16.3 12.9 12.7 10.9 6.7 5.9 5.4 3.7 3.1 Samson Oil…
  34. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 34
    Attractive Valuation Relative to ASXListed Peers Enterprise Value1 / Production3 (A/BOED) Enterprise Value1 / CY13F EBITDA2 (x) 250,765 9.3x 9.0x 7.6x 148,634 147,518 5.5x 128,757 125,916 4.1x 100,387 54,377 42,711…
  35. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 35
    Attractive Valuation Relative to ASXListed Peers Enterprise Value1 / 1P Reserves PV102 (x) Enterprise Value1 / 2P Reserves PV102 (x) 1.91 1.81 1.83 1.46 1.27 1.14 1.07 0.96 0.92 0.80 0.70 0.61 0.51 0.42 0.22 0.15…
  36. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 36
    Appendix
  37. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 37
    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 scf…
  38. INVESTOR PRESENTATION – Lonestar Resources Ltd. – slide 38
    Footnotes In accordance with Chapter 5 of the Listing Rules, please be advised that: Lonestar's Proved 1P reserves are estimated in accordance with the Society of Petroleum Engineers Petroleum Resource Management System (SPEPRMS).…

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