Battalion Oil Corporation · AMEX:BATL
Battalion Oil — Investor Presentation (November 2020)
6 slides from Battalion Oil's investor presentation, November 2020
Slide 1: Investor Update November 2020
INVESTOR UPDATE NOVEMBER 2O2O
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer: Forward Looking Statements This presentation contains forward-looking statements that are intended to be covered by the safe harbor within the meaning of the Private Securities Litigation Reform Act of 1995 as stated in Section 27A of the Securities Act of 1933, as amended (the “Securiti
Slide 3: Well Positioned for Recovery with Solid Asset Base
Well Positioned for Recovery with Solid Asset Base Key Milestones Since Q2 2019 Managing Through Challenging Environment ✔ Improved takeaway options ✔ Strengthened Hedge Position Health & Safety Increasing gas takeaway options to reduce flaring ✔ Cut Capital Program ✔ Rebound from >50% Shut-in Capit
Slide 4: Strong, Co-Located Asset Base Provides Synergies
Strong, Co-Located Asset Base Provides Synergies Current Leasehold Position: ~48,500 Net Acres / 2,000+ Gross Total Drilling Locations Current production of ~9,500 Net Bopd (Q3’20 average) 4 DUCs @ Monument; late Q4 2020 completion Operating Breakeven @ $10.00/Boe Balanced and complementary
Slide 5: Q3 2020 Key Financial Highlights
Q3 2020 Key Financial Highlights Capitalization & Liquidity Summary ✔ Adjusted LTM EBITDA of $94 MM 50% growth from $62 MM Adjusted LTM EBITDA @ Q3 2019 $0,000 09/30/20 Largely Insulated from price fluctuation due to hedge book RBL Indebtedness $ 178,000 ✔ Decreased Adjusted G&A Less: Cash & Cas
Slide 6: Current Hedge Position: $16 MM MTM @ 9/30
Current Hedge Position: $16 MM MTM @ 9/30 Downside Fixed Price Hedged Oil Volume (Bopd) 10,000 2- Way Collars Swaps 7,500 5,000 2,500 0 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Bopd Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Fixed 8,500 7,500 7,000 7,000 6,500 4,000 4,000
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