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IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp.

Evolution Petroleum Corp. · Feb 4, 2015 · 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. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 1
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  2. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 2
    Oil Prices Down 50% in Past Six Months DJI and S&P 500 Near All-Time Highs Rig Count in 1,600 Range, Down from 1,800 and Almost Certainly Headed Lower Large Cap Independent E&P Index Down 44% from June High EPM Stock Has…
  3. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 3
    Maximizing and Producing Petroleum Resources Applying Innovative Engineering Into Known Oil & Gas Fields Building Value per To Generate Cash to Fund Share Growth and Dividends For Shareholders By Staff Fully Aligned…
  4. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 4
    Debt-Free Balance Sheet with Liquidity to Fund 2015 Strategic Plan & CapEx Debt to Common Market Cap (1/2/15) 900% Financial Highlights: 819% 800% 700% Debt-Free 600% 21MM Cash (9/30/14) 500% Post-Reversion Increase in 400%…
  5. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 5
    Oil, NGL & Gas Reserves Revenue MMBoe M 25,000 30 25 20,000 20 15,000 15 10,000 10 5 5,000 0 0 PD PUD Probable Possible * Note: 2012, 2013 & 2014 estimates exclude divested noncore assets 6
  6. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 6
    Transformed 8.3 MM common equity cash investment into substantial value for shareholders with no debt outstanding 300 250 200 150 100 50 0 Paid-in 9/30/14 + 8% Perpet + 1/7/15 EV + WC EV + -50 Common W/C Nonconv Pfd NonPfd…
  7. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 7
    Upstream Oil & Gas Production Upstream Oilfield Services 6/30/2014 2P Reserves of 22.8 GARP Technology MMBOE to recover incremental oil & gas 4% 17% Oil NGL Gas 79% 8
  8. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 8
    2003-2013 2015 Going Forward Upstream Growth Growth in Core Delhi Asset Restructured in Operational Focus on Late 2013 Production Technology Initiated Cash Dividend Potential Long-Term to Provide Yield for Shareholders Growth…
  9. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 9
    Foundation Asset CO2 Enhanced Oil Recovery
  10. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 10
    Jackson Dome Cash Annuity Funding Growth and Income Delhi Historic production 418 MMBO of gross Original Oil in Place (OOIP) 192 MMBO production prior to current EOR project Production 5,739 gross BO per day (quarter ended…
  11. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 11
    EPM owns 7.4% of gross revenues No CapEx or OpEx ever 7.4% Royalty interest = 24% of EPMs Preliminary Royalty Interest 6/30/14 Delhi 3P reserves volumes Delhi crude sells as LLS (current premium to WTI) 23.9% Payout occurred in…
  12. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 12
    Actual Gross Oil Production at Delhi Actual EPM Net 10,000 BOPD Gross EPM Net 1,000 24% WI Reversion * 100 Jul-10 Jul-15 Dec-10 Jan-13 Jun-13 Nov-13 Dec-15 Jan-18 Jun-18 Oct-11…
  13. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 13
    Development plan now includes installation of recycle gas processing to recover methane and NGLs, and waterflood with deferred future CO2 injection in portion of field around June 2013 Event Additional, thinner reservoirs projected to…
  14. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 14
    Gross BOE 3P Production Projection Comparison of 2014 Estimates to 2013 Estimates Over First 25 Years of Production 1,000 6/30/2014 6/30/2013 MBOE/Month 100 10 Jul-14 Jul-19 Jul-24 Jul-29 Jul-34 While 2P reserves…
  15. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 15
    Providing Use Of Our Intellectual Property And Proprietary Tools To Customers From NGS Technologies, a wholly owned subsidiary of Evolution Petroleum Corporation www.garplift.com
  16. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 16
    Industry at risk of losing vast quantities of reserves and production as mature horizontal wells, vertical wells with multiple pay zones and deep vertical wells encounter liquid loading and depletion issues target fields include…
  17. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 17
    Horizontal wells optimum candidates are the top two quartiles of depletion drive wells experiencing liquid loading that inhibits production. Our technology targets recovery of incremental 10-35% of cumulative production. thousands of…
  18. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 18
    Improved design for applications in slim holes with diameters less than 7 CIP filed Substantially widens universe of potential applications Field tested in commercial installations Our service includes: paid-up license for use of our…
  19. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 19
    BEFORE: AFTER: GARP Either fluid level eventually drops Potentially add substantial new reserves to a level where rod pump or gas lift are no longer at low cost effective, or Benefit = 15% to 35+% incremental recovery at low cost…
  20. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 20
    Selected Lands 2 BOPD Daily Rate vs Cumulative Production 1,000 Restore production rate from marginal 1 BOPD to 10-18 BOPD 100 GARP targeted recapture of Tail 10 Production decline due to well loading up 1 0 50,000 100,000…
  21. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 21
    Conservative and Aligned
  22. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 22
    Total Alignment with Strategy to Selectively Grow and Reward Shareholders Accretive Growth Reversion of Delhi working interest will not be fully reflected in quarterly income until fiscal Q3-15 Production increase from remaining Delhi…
  23. IPPA OGIS Florida 11th Annual Investor Gorum – Evolution Petroleum Corp. – slide 23
    Name/Title Background Achievements Robert Herlin Co-founded EPM in 2003 utilizing 8.3 MM of 30+ years leadership experience in CEO & Chairman common equity invested though 2006. M&A, development, finance and B.S./M.E. Chemical…

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