NASDAQ: LLEX Overview Independent domestic oil and gas E&P company, Denver HQ Market Cap: 28.1MM (3-5-2015) Common Shares Issued/Out: 28.9MM Recapitalized for growth and development Restructured management team and new board…
Financial Highlights 2014 Milestones Raised 17MM through private placements Previous debt restructured Converted 9MM of debentures to equity Extinguished 19.8MM in senior-secured term loans Remaining debt of 6.93MM in debentures…
Management and Board New Team In Place Substantial M&A and investment banking experience in Oil & Gas Track record of strategic execution and shareholder value creation Board of Directors Nuno Brandolini, Chairman General Merrill…
DJ Basin Leasehold Overview 40,100 gross, 39,000 net acres WI: 97% average Multi-pay horizons: Niobrara/Codell unconventional and conventional Low-risk horizontal production potential targeted Greater Wattenberg area Established…
DJ Basin: Target Active Areas for 2015 Highlighted Areas Based on YE2014 PUDs PUDs in each active area: J-Sand, Niobrara and Codell producers 7
Well Economics ROR AT VARIOUS OIL PRICES* DESCRIPTION ESTIMATE 50 60 70 80 Oil Differential (/bbl) (-10.00) D&C Cost NYMEX Gas Price Future Strip* 4.3MM 24% 42% 65% 101% (/mmbtu) Gas Differential +16% 4.0MM 29% 48% 79% (Includes…
Acquisitions Initiative Focus area is DJ Basin; North America Concentration/contiguous acreage Operator or non-operator Target Criteria Size: < 100MM Production: minimum 50 BOEPD NRI: 80% WI: 50% Technical Requirements 3rd…
2015 Value Drivers Recapitalized for growth and development Top-level new board and management track record of strategic execution with extensive M&A and investment banking experience in Oil & Gas Beneficial oil commodity pricing…
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