Lonestar Resources Presentation to Investors August, 2014
Company Profile Lonestar is a rapidly growing E&P company Share Price History focused on the Eagle Ford Shale 0.60 10.0 Drilling and acquisition capital concentrated in 0.50 8.0 the crude oil window of the Eagle Ford Shale…
Lonestars Footprint 1 BAKKEN THREE FORKS 35,000 net acres Resource Assessment 3D Seismic Complete 41 Conventional Prospects identified Intense Fracturing in Unconventional Targets CONVENTIONAL OIL & GAS Mature Producing…
Management Team Background and Track Record
High Caliber Management Team Executive Previous Experience Biography Over 27 years experience in oil and gas finance Frank D. Bracken, III Previously Managing Director at Jefferies LLC, where he led 5 billion in oil and gas Chief…
High Caliber Management Team (Contd) Executive Previous Experience Biography Scott E. Sabatka Over 34 years US / international exploration and development experience, including in the Texas Gulf Coast, Permian, Williston, Powder…
Eagle Ford Shale Growth and Development Plan
Lonestars Business Vision 1 Execute Growth Plan on Existing Asset Base Seasoned Team Drilling & Completion team has completed 75 Eagle Ford Shale wells High Margins / Lonestars Cash Margins per BOE averaged 66.43 in 2013, average…
Portfolio Focused on the Eagle Ford Total Eagle Ford Engineered Acreage Net Acres 30,306 NonEngineered Acreage Gross Engineered Locations 136 Non Recently Acquired Acreage Additional Locations 86 Avg. W.I. 89% Eastern Net Acres…
Eagle Ford Lease Map Western Eagle Ford Acreage Map Central Eagle Ford Acreage Map Eastern Eagle Ford Acreage Map So. Gonzales Aguila Vado Burns Ranch Area Gonzo Asherton Pirate Ranger Beall Ranch Engineered…
Western Region Summary Overview Engineered LEASE & DRILLING SUMMARY Acreage Gross Leasehold 10,320 Net Leasehold 8,108 Burns Ranch Upside Acreage % HBP 87.2% Top EPS 6,500' to 7,900' Lateral Lengths 3,900' to 7,500' Recent…
Western Region Leasehold Detail Beall Ranch Asherton Burns Ranch Area Beall Ranch Asherton Burns Ranch Area Gross Net Gross Net Gross Net 2Q14 Production (BOEPD) 2,213 1,622 2Q14 Production (BOEPD) 758 553 2Q14 Production (BOEPD)…
Central Region Summary So. Gonzales Overview Engineered Acreage LEASE & DRILLING SUMMARY Gross Leasehold 11,587 Gonzo Net Leasehold 11,320 % HBP 48.0% Upside Acreage Top EPS 6,700' to 7,900' Lateral Lengths 5,000' to 7,500'…
Central Region Leasehold Detail Pirate South Gonzales Gonzo Pirate South Gonzales Gonzo Gross Net Gross Net Gross Net 2Q14 Production (BOEPD) 459 358 2Q14 Production (BOEPD) 0 0 2Q14 Production (BOEPD) 187 140 Producing Eagle Ford…
Eastern Region Summary Overview Aguila Vado Engineered Acreage LEASE & DRILLING SUMMARY Gross Leasehold 12,307 Net Leasehold 10,877 Upside Acreage % HBP 34.0% Top EPS 7,800' to 8,500' Lateral Lengths 5,000' to 6,400' Recent…
Eastern Region Leasehold Detail Northern Brazos County Eastern Eagle Ford Region Gross Net Robertson 2Q14 Production (BOEPD) 268 209 Producing Eagle Ford Wells 4 4 Engineered Acreage 3,839 3,449 Drilling Locations Proved 6 6…
Eastern Region Downdip Play Expansion Eastern Eagle Ford Locator Map Robertson Brazos Jones 2H McCulloughWineman 2H 782 BOEPD 1,455 BOEPD Texas World Speedway 2H Producing Henry 1H Cervelo 1H 774 BOEPD Testing…
Conventional Assets Stability & Free Cash Flow
Conventional Assets 3.8 MMBOE Proved Reserves 1 79% Crude Oil 15% of Lonestars Total Proved Reserves 605 BOEPD 2Q14Production North Texas 75% Crude Oil & NGLs 15% of Lonestars Total Production LongLived Reserves with Low Capital…
BakkenThree Forks Resource Assessment
Bakken/Three Forks West Poplar Resource Assessment Greater Williston Basin Williston Basin renowned for highly successful Daniels Sheridan Divide Burke Bakken / Three Forks play FORT PECK RESERVATION Historical industry activity…
Bakken/Three Forks Lonestars Progress Stone Turtle Exploratory Unit (proposed) Lonestar and its partners drilled the Clark Farms POPLAR 2910 in July, 2012 as a vertical completion DOME Tested light crude oil from three zones…
Bakken/Three Forks Charles Formation Locations Nisku Formation Targets 25
Appendix
Pv10 & Share Price Valuation 900 800 SEC PV10 (USMM) 700 600 0.77 500 per share 0.63 per share 400 0.48 0.52 per share Equity per share 300 200 Net 100 Debt 0 TEV Proved PV10 2P PV10 3P PV10 1. Please see…
Glossary 1P reserves means proved reserves. 2P reserves means proved plus probable reserves. bbl means barrel. boe means barrels of oil equivalent, determined using a ratio of 6 Mcf of natural gas to 1 bbl of condensate or crude oil…
EBITDA Assumptions EBITDA estimates are based on the following assumptions: Production estimates as set out in this presentation. The total number of planned wells at each asset is consistent with assumptions contained in the…
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