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Sanchez Energy
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March 2018 Corporate Presentation
| Tony Sanchez | Page 4 of 11 |
December 20, 2025
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"March 2018 Corporate Presentation"
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4 Sanchez Energy Overview 1. Based on a closing stock price of $5.43 as of 1/22/18 and 84.1 million shares outstanding. Enterprise value includes SN’s convertible preferred stock at book value (~$254 million), UnSub’s non-convertible preferred stock of ~$500 million, less ~$175 million of cash. ? Dominant Eagle Ford Acreage Position ? Approximately 285,000 net acres with over 1 billion Boe of resource potential ? Developing Multiple Benches in Western Eagle Ford ? Lower, Middle and Upper Eagle Ford Shale with upside in Austin Chalk and Pearsall Shale ? Committed to Financial Discipline ? Prioritizing returns on invested capital ? Focused on generating free cash flow ? Balanced Commodity Exposure ? 4Q 2017 Production was 34% oil, 34% natural gas liquids, and 32% natural gas Asset Profile Market Cap (1) $450 million Enterprise Value (1) $3,000 million Shares Outstanding 84 million 4Q17 Production (Boe/d) ~82,000 YE 2017 Proved Reserves (MMBoe) 363 Eagle Ford Acreage Position (gross) 487,000 Eagle Ford Acreage Position (net) 285,000 Current Focus Area