Baron Energy Inc

Baron Energy — Investor Presentation (June 2015)

22 slides from Baron Energy's investor presentation, Jun 12, 2015

  1. Slide 1: Baron Energy, Inc. Investor Presentation

    Baron Energy, Inc. Investor Presentation June 12, 2015

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Certain statements contained herein regarding future expectations, access to public capital markets, plans for acquisitions and dispositions, oil and gas reserves, exploration, development, production and pricing may be regarded as "forward-looking statements" within the m

  3. Slide 3: Company Overview

    Company Overview Baron Energy, Inc. (TKR: BROE) is an independent petroleum company engaged in the acquisition, development, and production of crude oil and natural gas in North America. We leverage the substantial experience of our management team to acquire, operate, and grow a portfolio of low-ri

  4. Slide 4: Investment Highlights

    Investment Highlights  Seasoned and incentivized management team  35 years industry experience on average  40% ownership creates shareholder alignment  Significant asset base in place  8,000+ acres; 100% operated; 75-100% working interest  Multi-year development drilling inventory; 50-year res

  5. Slide 5: Company Overview

    Company Overview  HQ in San Marcos, Texas  Pink Sheets: BROE  Common shares outstanding (est): 132 million/15 million float  Current price (6/12/15): $0.10/share  3 month average volume: 5,975 shares/day  52 week range: $0.02 - $0.15/share  Current Market Cap: $13.2 million  Total Debt (est)

  6. Slide 6: Management Team

    Management Team • 35 years of oil and gas experience including 18 years with a major oil company and 14 years as owner/operator Ronnie L. Steinocher, P.E. • Extensive experience in drilling, engineering, production operations, Chairman, President and CEO business development, and general management

  7. Slide 7: Board of Directors

    Board of Directors Ronnie L. Steinocher, P.E. | Chairman, President and CEO  35 years of oil and gas experience; 18 years with a major oil company; 14 years as owner/operator  Extensive experience in drilling, engineering, production, business development, and general management  BS in Architectu

  8. Slide 8: Current Status Company-Wide

    Current Status Company-Wide  Baron operates 100% of all properties  75-100% WI (working interest) ownership; 56-77% NRI (net royalty interest)  225 BOEPD gross / 150 BOEPD net; 90% oil  16 producers; 2 SWD wells  8,106 acres gross  Multi-year drilling inventory  Reserve life > 50 Years 6/12/2

  9. Slide 9: Production Focus Areas

    Production Focus Areas N TEXAS HQ San Marcos County of Operations 6/12/2015 www.baronenergy.com 9

  10. Slide 10: Oil and Gas Reserves

    Oil and Gas Reserves Category Crude Oil Natural Gas Total PV-10 (Bbls) (Mcf) (Boe) PDP 252,368 279,917 302,353 $5,430,895 PDNP 123,270 124,074 145,426 $2,047,158 PUD 893,626 739,144 1,025,616 $9,969,410 Total Proved 1,269,264 1,143,135 1,473,395 $17,447,463 Probable 1,114,114 114,079 1,134,485 $8,90

  11. Slide 11: Production and Projected

    Production and Projected Production and Projected 900 800 Drilling Program to begin in July 2015 700 to ramp-up production 600 Gross BOEPD 500 Frio 400 County Taylor 300 County 200 100 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2014-2015 1) Production at end of Q 2) 3-4Q projections based on current capex and drilli

  12. Slide 12: 2015 Targets

    2015 Targets  Continue development of properties 3-4Q  Execute ramp-up in production  Become fully SEC compliant; trade on the OTC exchange  Complete audited financials; complete SEC filings  Complete divestment of non-core properties  Sell by year-end (pending market conditions)  Maintain cu

  13. Slide 13: Frio County, South Texas

    Frio County, South Texas  100% operated properties  89-100% WI/64.15%-77% NRI  Gross 153BOPD/170 MCFPD/180 BOEPD (134 BOEPD net)  14 producers; 90% Oil  7,497 gross acres; 8 producing leases  Multi-year drilling inventory – Multiple production targets (Olmos Sand, San Miguel, Austin Chalk, Eag

  14. Slide 14: Austin Chalk Section

    Austin Chalk Section Austin Chalk has three productive zones: B-1, 5,150’ Top of Chalk B-2, and Lower Chalk Upper Chalk B-1 Upper Chalk B-2 Lower Chalk 5,500’ Base of Chalk Eagle Ford Shale 6/12/2015 www.baronenergy.com 14

  15. Slide 15: First Horizontal Recompletion

    First Horizontal Recompletion • December 2014 Baron’s first horizontal recompletion in the Austin Chalk • 96% WI; Baron operated • 2,800’ lateral • Drilling rigs must be capable of drilling 5,000’ plus lateral wells • 67 possible future new wells and recompletions identified • > 50 year reserve life

  16. Slide 16: Production Systems

    Production Systems • Horizontal wells IP at 100-500 BOPD • 50,000 to 150,000 BO EUR per lateral • Large pump jacks are required to move substantial volumes of fluid • Both single lateral and dual lateral wells 6/12/2015 www.baronenergy.com 16

  17. Slide 17: Taylor County, Central Texas

    Taylor County, Central Texas  100% operated properties  75% WI/54.75% NRI  Gross 25-30 BOPD gross / 14-16 BOPD net  2 producers; 1 SWD; 100% Oil  609 contiguous acres; 2 producing leases  Possible future well locations – Flippen Sand Formation at 2,900’ – 10-acre spacing – Open hole completion

  18. Slide 18: Taylor County, Central Texas

    Taylor County, Central Texas • Shaffer Leases, Taylor County, Texas • Baron operated with 75%WI • Shallow oil wells with long-lived production • Field has been on production for more than 40 years • A number of future in-field drilling locations on 10 acre spacing; 3 permitted for drilling • Open ho

  19. Slide 19: Acquisition Focus Area

    Acquisition Focus Area Baron Energy, Inc. HQ in San Marcos, Texas 6/12/2015 www.baronenergy.com 19

  20. Slide 20: Austin Chalk Trend

    Austin Chalk Trend • Baron is focused on the Austin Chalk trend • Future acquisition priorities & preferences would be on trend in the Austin Chalk 6/12/2015 www.baronenergy.com 20

  21. Slide 21: Acquisition Criteria for Producing Properties

    Acquisition Criteria for Producing Properties  Operated properties only; prefer 100% WI  Current production > 200 BOEPD per project  Focus on oil production  Less than 10,000 feet well depth  Multiple pay zones  Upside via drilling, recompletions, and horizontal wells  Long-term production li

  22. Slide 22: Company Contact

    Company Contact Baron Energy, Inc. 300 S. C.M. Allen Parkway, Suite 400 San Marcos, Texas 78666-2278 Phone: 512-392-5775 Fax: 512-392-7238 info@baronenergy.com www.baronenergy.com 6/12/2015 www.baronenergy.com 22

Baron Energy — Investor Presentation (June 2015) on 6ix