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27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp.

Evolution Petroleum Corp. · Mar 1, 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. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 1
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  2. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 2
    Oil prices down 50% in past six months DJI and S&P 500 near all-time highs US rig count at 1,192 as of Mar 6th, down 600 from year ago and dropping Large cap independent E&P index (EPX) down 39% from June 30, 2014 Leverage…
  3. 27th ANNUAL ROTH CONFERENCE – 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. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 4
    Debt-Free Balance Sheet with Liquidity to Fund 2015 Strategic Plan & Capital Expenditures Debt to Common Market Cap (1/2/15) 900% Financial Highlights: 819% 800% 700% Debt-Free 600% 20MM W/C (12/31/14) 500% Net production…
  5. 27th ANNUAL ROTH CONFERENCE – 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. 27th ANNUAL ROTH CONFERENCE – 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 12/31/14 + 8% Perpet + 2/11/15 EV + WC EV + -50 Common W/C Nonconv Pfd NonPfd…
  7. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 7
    Upstream Oil & Gas Production Upstream Oilfield Services 6/30/2014 2P Reserves of 22.8 MMBOE GARP Technology 4% to recover incremental oil & gas 17% Oil NGL Gas 79% 8
  8. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 8
    2003-2013 2015 Going Forward Upstream growth Growth in core Delhi asset Restructured in Operational focus on late 2013 Delhi growth and production technology Initiated cash dividend from free cash flow to Potential long-term…
  9. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 9
    Foundation Asset CO2 Enhanced Oil Recovery
  10. 27th ANNUAL ROTH CONFERENCE – 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 5,900 gross BO per day sales (quarter…
  11. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 11
    EPM owns 7.4% of gross revenues No CapEx or OpEx ever 7.4% Royalty Royalty interest = 28% of EPMs 6/30/14 Delhi 2P Interest reserves volumes Delhi crude sells as LLS (current premium to WTI) 23.9% Reversion occurred November 1,…
  12. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 12
    Production since June 2013 Event impacted by remediation work and reduced CO2 injections and lowered reservoir pressure. Operator resumed CO2 injection year-end calendar 2013 in area adjacent to remediation. Projections for future…
  13. 27th ANNUAL ROTH CONFERENCE – 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. 27th ANNUAL ROTH CONFERENCE – 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. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 15
    We have an ongoing dispute with Delhi operator, Denbury, over what we believe are their multiple breaches of our 2006 agreements Reversion date of November 1, 2014 reflects operators position of the indemnity dispute We filed a…
  16. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 16
    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
  17. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 17
    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…
  18. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 18
    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…
  19. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 19
    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…
  20. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 20
    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…
  21. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 21
    Conservative and Aligned
  22. 27th ANNUAL ROTH CONFERENCE – Evolution Petroleum Corp. – slide 22
    Total Alignment with Strategy to Selectively Grow and Reward Shareholders Accretive Growth Production increase from remaining Delhi CapEx through end of decade, including gas plant installation Expanded deployment of GARP technology…
  23. 27th ANNUAL ROTH CONFERENCE – 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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