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Legacy Oil + Gas Inc
April 2012 Corporate Presentation
| Trent J. Yanko | Page 7 of 11 |
August 30, 2014
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"April 2012 Corporate Presentation"
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2012 Capital + Operating Budget 7 ? Total capital budget of $305 million (does not include capitalized G & A) ? Targeting light oil ? ~83% of capital directed to drilling and completions ? Drill approximately 123 gross (96 net) wells ? No acquisitions budgeted ? Forecast 2012 average production of 16,300 Boe/d (85% light oil and NGL’s) ? Forecast 2012 exit rate of over 17,900 Boe/d ? Operating assumptions: ? Operating Costs $14.00 per Boe ? Transportation Costs $2.50 per Boe ? Royalties 16.5% ? G & A (expensed) $2.65 per Boe ? Operating expenses per Boe forecast to drop 10%; G & A expenses per Boe forecast to drop 15%; (2012 average compared to 2011 average) 254 28 18 5 2012 Capital Expenditures ($ million) DCET Facilities Land/Seismic Other