EnerComs The Oil & Services Conference13 February 2015
www.nighthawkenergy.com The Overview Early stage public company, U.S. operator in Colorados prolific Denver-Julesburg Basin 100% WI in more than 200,000 net acres Multi-zone opportunities; 13 Arikaree wells have produced about…
www.nighthawkenergy.com Nighthawk Team Rick McCullough, Chairman - Rick has over 30 years of energy experience with 18 years serving as CFO, President and CEO/Chairman of public and private companies. He served with NASDAQ-listed PDC…
www.nighthawkenergy.com Nighthawk Team Michael Thomsen, Vice President of Geology - Mike has over 35 years experience in the natural resources industry and is the founding officer of Nighthawk Production LLC. Previously he was Chief…
www.nighthawkenergy.com Appendix Slides The Strength of the Story Needs Work LSE: HAWK
www.nighthawkenergy.com The Business Strategy of Nighthawk Energy Large operated land position with attractive geologic and hydrocarbon production characteristics Use best in class drilling and completion technologies to produce…
www.nighthawkenergy.com Why Nighthawk is Focused on D-J Basin Attractive entry point for assimilating large acreage position Low cost of entry; High NRI of 80-85% All rights to all depths provides large resource potential…
www.nighthawkenergy.com Nighthawk Energys Capital Program Strategy Capital Efficient Projects - Inventory of low-cost, high-return projects - Plan to complete 25 behind pipe projects in 2015 Pipeline of High-Impact Wells -…
www.nighthawkenergy.com Appendix Slides The Assets Needs Work LSE: HAWK
www.nighthawkenergy.com World-Class Operators: Eastern Colorados D-J Basin Core Stacked Formation Play Approx. 3 million gross acres Major players by Acreage* Pioneer 20% Cascade 15% Nighthawk 10% LSE: HAWK Anadarko 10%…
www.nighthawkenergy.com Arikaree Creek Field Development Big Sky 4-11 First prod 5-24-2013 Big Sky 5-11 IP30 374 stb/d First prod 3-2-2014 Cum 144.1 Mstb IP30 277 stb/d Taos 1-10 EUR 213.1 Mstb Cum 36.7 Mstb First prod 6-16-2013…
www.nighthawkenergy.com Past Drilling Success ( in millions unless otherwise noted) AFE vs. Actual Cost MM Actual Budget Actual Average Budget Average 4.0 3.3 3.0 2.6 2.6 2.7 2.6 2.6 2.6 2.4 2.0 2.1 2.1 2.0 2.0 1.9 1.9 1.9…
www.nighthawkenergy.com Arikaree Creek Historical Field Analysis ( in millions unless otherwise noted) Overview Production Arikaree Creek field discovered in November BOEPD Actual Illustrative 2012 with Steamboat Hansen 8-10…
www.nighthawkenergy.com LSE: HAWK Arikaree Creek Composite Type Curve 17
www.nighthawkenergy.com Evolving Type Curves No other Mississippian Spergen producers of the Arikaree Creek type in southeastern Colorado; two years of production history First year flat decline substantially helps ROR Second year…
www.nighthawkenergy.com Big Sky 5-11 - A Potential Horizontal Target 8045.7 8045.7 Big Sky 6-11H Big Sky 6-11 pilot Targeting the St Louis Fm as seen in the Big Sky 5-11 core Big Sky 14-11 vert 50 bopd, 123 bwpd LSE:…
www.nighthawkenergy.com World-Class Operators: Eastern Colorados D-J Basin Core Stacked Formation Play Approx. 3 million gross acres Major players by Acreage* Pioneer 20% Cascade 15% Nighthawk 10% LSE: HAWK Anadarko 10%…
www.nighthawkenergy.com The Structural Part of the Mississippian Play Outline of structural trend play Nighthawk acreage in yellow LSE: HAWK 21
www.nighthawkenergy.com Northern Lincoln County Joint Ventures A.C. 3D Seismic Shoot S.K. (114 sq miles) Trend Area Nighthawk Operated JV LSE: HAWK MISSISSIPPIAN PRODUCING TREND A.C. Arikaree Creek S.K. Snow King…
www.nighthawkenergy.com Key Elements of the JVs Nighthawk Operated Joint Venture; Monarch JV 23,600 total net acres 4 well and 3D seismic commitment by Hawk by 12/31/15 2 well commitment by Hawk by 6/30/16 50-50 JV basis after…
www.nighthawkenergy.com Appendix Slides 2015 Plans Needs Work LSE: HAWK
www.nighthawkenergy.com 2015 Financial and Operational Plans Companys first plans and budget Established 5 Corporate Targets; Measure results in 2015 Production, 2P Reserves, Liquidity, LOE/G&G/G&A Costs per barrel of production,…
www.nighthawkenergy.com The Reasons to Invest in HAWKs Growth Developmental drilling with continuing exploration at high IRRs First-mover advantage: high-quality assets supports top-tier project metrics Experienced management team…
www.nighthawkenergy.com Appendix Slides Appendix Needs Work LSE: HAWK
www.nighthawkenergy.com Eastern DJ Basin Geology ERA SYSTEM SERIES FORMATION Steamboat Hansen 8-10 Discovery Well MESOZOIC Morrow Virgilian Keyes Missourian St. Louis M1 Spergen Meramecian Desmoinesian Limestone…
www.nighthawkenergy.com Current Thinking Arikaree Creek Penn Prospective Outline (54 potential locations) Area of Pennsylvanian drape LSE: HAWK Existing Wells 12 Miss, 2 Penn Awaiting recompletion Loc (Miss and Penn) Loc…
www.nighthawkenergy.com Is Snow King another Arikaree Creek Penn Prospective Outline (68 potential locations) Area of Pennsylvanian drape LSE: HAWK Existing Well (Snowking 13-33) Dry hole with oil shows Currently drilling…
www.nighthawkenergy.com Interim Results 30 June 2014 Unaudited Unaudited Unaudited Audited 6 months 6 months 6 months Year ended 30 ended 31 ended 30 ended 31 June 2014 December 2013 June 2013 December 2013 Revenue 25,417,770…
www.nighthawkenergy.com Terminology AFE Authority for expenditure is a budgetary document, usually prepared by the operator, to list estimated expenses of drilling a well to a specified depth, casing point or geological objective, and…
www.nighthawkenergy.com Terminology Mcf Thousand cubic feet NAV Net asset value Net revenue interest (NRI) - Nighthawk's share of oil, gas, and associated hydrocarbons produced, saved, and marketed, after satisfaction of all…
www.nighthawkenergy.com Nighthawks Management Team Rick McCullough, Chairman Rick was appointed Chairman of Nighthawk on October 1, 2014 and has over 30 years experience in the US energy and oil and gas industries. He served with…
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