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Legacy Oil + Gas Inc
June 2012 Corporate Presentation
| Trent J. Yanko | Page 23 of 11 |
May 22, 2015
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"June 2012 Corporate Presentation"
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First Quarter 2012 Results 23 Production of 16,370 Boe/d (up 27% year over year) Increased oil and NGL share of production to 87% from 81% in Q1/11 Drilled 49 gross (35.1 net) oil wells with a 100% success rate Funds flow from operations of $60.6 million (up 38% year over year); funds flow from operations per share (diluted) of $0.42 (up 31% year over year) Reduced operating and transportation costs from $18.96 per Boe in Q4/11 to $17.83 in Q1/12 Net debt of $430.7 million, debt generally peaks at end of first quarter; subsequent to quarter end borrowing base increased to $525 million