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Legacy Oil + Gas Inc
April 2012 Corporate Presentation
| Trent J. Yanko | Page 6 of 11 |
April 19, 2014
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[F&D Costs / RRC]
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2011 Results 6 ? Production of 12,650 Boe/d (up 44% year over year) ? Exit production of 16,250 Boe/d (85% oil and liquids) ? Drilled 133 gross (99.0 net) oil wells with a 100% success rate ? Funds flow from operations of $188.9 million (up 59% year over year); funds flow from operations per share (diluted) of $1.32 (up 14% year over year) ? Proved plus probable reserves of 88.0 MMBoe (up 13% year over year); reserve life index of 16.2 years ? Three year finding and development costs of $22.08 per Boe (excluding changes in future development costs) ? Recycle ratio of 2.3 times based on Q4 2011 operating netback of $49.97 per Boe ? Year end net debt of $376.5 million, representing approximately 1.3 times forward cash flow based on strip pricing