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Corporate Presentation – Lynden Energy Corp.

Lynden Energy Corp. · Nov 1, 2014 · 34 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 – Lynden Energy Corp. – slide 1
    Corporate Presentation November 2014
  2. Corporate Presentation – Lynden Energy Corp. – slide 2
    Investment Highlights Consolidated land position with a large drilling inventory in the oil-rich Permian Basin Midland Basin plays rank amongst the most economic plays in North America Strong working interest partner in…
  3. Corporate Presentation – Lynden Energy Corp. – slide 3
    Permian Basin Prolific Permian Geology The Permian Basin is historically one of the most prolific basins in North America. Texas Increasing recoveries of original oil in place (OOIP) 4
  4. Corporate Presentation – Lynden Energy Corp. – slide 4
    Corporate Overview Summary Permian Basin Oil Capital Structure As at November 1, 2014 Midland Basin 16,750 gross acres Shares Outstanding: 130.2 million 97 producing vertical Wolfberry Warrants: 7.5 million wells Options: 5.7…
  5. Corporate Presentation – Lynden Energy Corp. – slide 5
    Fiscal 2014 PN&G Operations Summary Three months Three months Three months Three months ended ended ended ended Net Revenues 30/Jun/14 31/Mar/14 31/Dec/13 30/Sep/13 Petroleum revenues 7,342,373 5,604,779 7,530,263 10,217,654…
  6. Corporate Presentation – Lynden Energy Corp. – slide 6
    Fiscal 2015 Capital Plan Summary Anticipated drilling activities from July 1, 2014 to June 30, 2015: 15 gross Wolfberry vertical wells 15.0 million 3 gross Wolcott horizontal wells 6.3 million 2 gross CrownRock horizontal wells…
  7. Corporate Presentation – Lynden Energy Corp. – slide 7
    Corporate Overview Experienced Management Team Richard Andrews, Chairman and Director 30 years fundraising and building resource companies Past consultant (strategic direction and fundraising) to Silver Standard, Conquistador…
  8. Corporate Presentation – Lynden Energy Corp. – slide 8
    Corporate Overview Strong Board of Directors Richard Andrews, Chairman and Director See Management Colin Watt, President, CEO and Director See Management Robert Bereskin, PhD; Director Adjunct Professor at the University of…
  9. Corporate Presentation – Lynden Energy Corp. – slide 9
    Corporate Overview Strong Partner in CrownQuest Midland based CrownQuest Operating LLC is the operator on the vast majority of our acreage Solid history of success (GE partnerships) and substantial backing by Lime Rock…
  10. Corporate Presentation – Lynden Energy Corp. – slide 10
    Midland Basin Vertical Wolfberry The Wolfberry resource play is pervasive in the Midland Basin Originally, operators commingled production from the Wolfcamp and Spraberry horizons, and coined the term Wolfberry Wolfberry now…
  11. Corporate Presentation – Lynden Energy Corp. – slide 11
    Midland Basin Horizontal Potential in Multiple Horizons Several horizontal resource plays being delineated Horizontal development in the Midland Basin is exceeding original expectations Increasing industry activity de-risking…
  12. Corporate Presentation – Lynden Energy Corp. – slide 12
    Midland Basin Acreage Position Lynden Lynden Gross Net County Net % Net Acres Acres Interest Acres 2,043 1,757 43.75 769 Martin 1,127 1,127 20.00 225 Midland 640 640 43.75 280 Glasscock 5,900 4,480 43.75 1,960 6,388 6,121…
  13. Corporate Presentation – Lynden Energy Corp. – slide 13
    Development Model 960 acres (1 sections) Vertical Vertical Horizontal 40 Acre 20 Acre Locations 24 48 4 per horizon Prospective Horizons Clearfork Lower Spraberry Middle Spraberry Wolfcamp A, B, and C Wolfcamp D (Cline)…
  14. Corporate Presentation – Lynden Energy Corp. – slide 14
    Martin County Vertical Wolfberry Gross Acres: 3,170 Net Acres: 2,884 Lyndens Net Interest: 20.00 - 43.75% Well Spacing Potential Locations 40 Acre 72 20 Acre 144 Original Lynden Wolfberry development area Vertical…
  15. Corporate Presentation – Lynden Energy Corp. – slide 15
    BreitBurn Asset Sales Value Realization Effective December 30, 2013, Lynden sold to BreitBurn Energy Partners L.P. its interest in: 12 gross (4.7 net) West Martin area Wolfberry Project Wells 1,000 gross acres (403 acres net to…
  16. Corporate Presentation – Lynden Energy Corp. – slide 16
    Martin County Horizontal Potential Diamondback Energy Lyndens first horizontal well development area: Northern Martin County Wolfcamp B Development 1,127 acre Wolcott lease 20% working interest (24.375% funding) 253 - 1H -…
  17. Corporate Presentation – Lynden Energy Corp. – slide 17
    Martin County Industry Reported Horizontal Well Economics Pioneer Natural Resources1 Athlon Energy2 Diamondback Energy3 Lower Wolfcamp Wolfcamp Wolfcamp Wolfcamp Lower Spraberry D B B B Spraberry EUR (MBOE) 575 - 1,000 650 -…
  18. Corporate Presentation – Lynden Energy Corp. – slide 18
    Midland County Miller Trust Gross Acres: 640 Net Acres: 640 Pioneer Texas Ten Y Lyndens Net Interest: 43.75% Well Spacing Potential Locations Miller Trust 40 Acre 16 20 Acre 32 Chevron Midland AC/AF 5,000 Lateral 4 per…
  19. Corporate Presentation – Lynden Energy Corp. – slide 19
    Glasscock County Wind Farms Area Vertical Wolfberry Gross Acres: 4,077 Net Acres: 2,657 Lyndens Net Interest: 43.75% Well Spacing Potential Locations 40 Acre 66 20 Acre 132 Vertical development ongoing Significant uphole…
  20. Corporate Presentation – Lynden Energy Corp. – slide 20
    Glasscock County Broughton South Area Vertical Wolfberry Gross Acres: 1,823 Net Acres: 1,823 Lyndens Net Interest: 43.75% Well Spacing Potential Locations 40 Acre 45 20 Acre 90 5,000 lateral 8 (4 per section) Vertical…
  21. Corporate Presentation – Lynden Energy Corp. – slide 21
    Glasscock County Horizontal Potential Horizontal Development Exceeding Expectations SELECTED INDUSTRY BEST HORIZONTAL WELL RESULTS1 Midland 24 Hr 30- % Lateral County Well Name Operator IP Day IP Oil Length BOED BOED…
  22. Corporate Presentation – Lynden Energy Corp. – slide 22
    Glasscock County Horizontal Potential Wind Farms area scheduled to be initial horizontal appraisal area on CrownQuest operated Lynden acreage Success would be followed by horizontal development program 18 gross potential short…
  23. Corporate Presentation – Lynden Energy Corp. – slide 23
    Howard County Tubb Prospect Area Gross Acres: 7,028 Net Acres: 6,761 Lyndens Net Interest: 25.39 40.63% Well Spacing Potential Locations 40 Acre 169 20 Acre 338 5,000 lateral 40 per horizon (4 per section) Contiguous…
  24. Corporate Presentation – Lynden Energy Corp. – slide 24
    Howard County Horizontal Potential SELECTED INDUSTRY BEST HORIZONTAL WELL RESULTS1 24 Hr IP 30-Day % Lateral Well Name Operator BOED IP BOED Oil Length Wolfcamp A 1 Abel 18 3H ATHL 1,364 1,063 85 7,822 2 SFH Unit 23 1H…
  25. Corporate Presentation – Lynden Energy Corp. – slide 25
    Midland Basin Vertical (Wolfberry) Wells A Rapidly Advancing Oil and Gas Development Program BreitBurn Actual Asset Sale Projected Jun 30 Sep 30 Dec 30 31 Dec Mar 30 Jun 30 Sep 30 Dec 30 Mar 30 Jun 30 2013 2013 2013 2013 2014 2014…
  26. Corporate Presentation – Lynden Energy Corp. – slide 26
    Key Midland Basin Industry Trends Increasing Recoveries of OOIP Ability to exploit multiple hydrocarbon formations at depth and along strike Efficiency gains from pad drilling and stacked horizontals Internal rates of…
  27. Corporate Presentation – Lynden Energy Corp. – slide 27
    Eastern Shelf Mitchell Ranch Overview Unique opportunity in terms of size, contiguous nature and potential Covers 165 square miles on Eastern Shelf 50% working interest in 104,000 Mitchell Ranch gross and net acre lease…
  28. Corporate Presentation – Lynden Energy Corp. – slide 28
    Mitchell Ranch Tremendous Geological Potential Several High-Impact Midland Basin to Eastern Shelf Resource Play Targets Wolfcamp Simplified Stratigraphic Section Cline shale Mississippian Mitchell Ranch 29
  29. Corporate Presentation – Lynden Energy Corp. – slide 29
    Mitchell Ranch Targets Vertical Wolfcamp, commingled zones Analogous to the Wolfberry approach Targeting 100-125 MBOE per well Multiple Wolfcamp intervals Located between 3,400 and 7,300 feet Addition of other zones below the…
  30. Corporate Presentation – Lynden Energy Corp. – slide 30
    Mitchell Ranch Seismic 3D seismic across ranch currently being processed and interpreted Identification of anomalies, dipping beds, general stratigraphy, and structure Debris flow and reef targets identified within Wolfcamp A…
  31. Corporate Presentation – Lynden Energy Corp. – slide 31
    Mitchell Ranch Measured 2015 Capital Program 4 vertical well program underway Spade 17 3 testing Purvis Operating New location Spade 5 1 9+ Wolfcamp wells Spade 1 1 drilled 500 bopd Spade 18 1 drilled Spade 5 1 drilled…
  32. Corporate Presentation – Lynden Energy Corp. – slide 32
    Opportunity Overview Summary Midland Basin Operator has drilled or participated in several hundred Wolfberry wells Established land position Opportunity to execute drilling inventory quickly Predictable nature allows for debt…
  33. Corporate Presentation – Lynden Energy Corp. – slide 33
    Attractive Valuation Equation Summary Consolidated land position with a large drilling inventory in the oil-rich Permian Basin Midland Basin plays rank amongst the most economic plays in North America Strong working interest…
  34. Corporate Presentation – Lynden Energy Corp. – slide 34
    Contact Information Lynden Energy Corp. Suite 1200 888 Dunsmuir Street Vancouver, British Columbia Canada V6C 3K4 Tel: 1 604-629-2991 TSX Venture Exchange: LVL 35

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