1 / 19

Energy Exploration Experience

Energy Exploration Experience. American Standard Energy Corp. TICKER: ASEN (OTCBB). IPAA's 18th Annual Oil & Gas Investment Symposium April 2012. Cautionary Statements Regarding Forward-Looking Statements.

topaz
Download Presentation

Energy Exploration Experience

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Energy Exploration Experience American Standard Energy Corp. TICKER: ASEN (OTCBB) IPAA's 18th Annual Oil & Gas Investment Symposium April 2012

  2. Cautionary Statements Regarding Forward-Looking Statements • This presentation includes forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933, and Section 21-E of the Securities Exchange Act of 1934. • Such statements include declarations regarding the intent, belief, or current expectations of the Company and its management. • Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve a number of risks and uncertainties that can materially affect actual results as identified from time to time in the Company’s reports filed with the SEC. • Forward looking statements provided herein as of a specified date are not hereby reaffirmed or updated.

  3. COMPANY STRATEGY • American Standard Energy Corp is diversified acrossthree of the most prolific shale plays in the US today: • 29,000 net acre position in the Permian Basin focused on the Wolfcamp Shale, Wolffork and Wolfberry formations; • 7,400 net acres in the Eagle Ford Shale formation of South Texas; • 42,200 net acres of minority interest, non-operated leases in the Bakken.

  4. COMPANY OVERVIEW • We are focused on building shareholder value through three distinct objectives: • (1) Development of key leasehold assets; • (2) Joint ventures with key operators and working interest partners to leverage value to American Standard shareholders; and • (3) Divestiture of proven and developed assets that will create value above intrinsic value to American Standard.

  5. ASSET SUMMARY

  6. Niobrara Formation GEOGRAPHIC OVERVIEW ASEN: Targeted Focus inProlific Shale Plays Eagle Ford Formation Bakken Formation Permian Basin

  7. PERMIAN BASIN OVERVIEW Deep Drilling Inventory of Conventional Targets In Concentrated Positions Key Permian Basin Positions By County B D C F G E A H J I M L N T K . P Q O S R * Non-Operated Counties with less than 25 drillable locations: C) Yoakum, D) Terry, E) Gaines, F) Borden, G) Scurry, H) Andrews, J) Mitchell, K) Reeves, M) Glasscock, Q) Reagan.

  8. PERMIAN BASIN KEY ACREAGE Larger Leases in Close Proximity to Highly Prospective Unconventional Shale Drilling Activities • ASEN has accumulated a meaningful position in the emerging unconventional shale play of the Permian Basin. • ASEN holds ~14,000 net acres in close proximity to notable operators. • ASEN could drill up to 140 net horizontal wells on 100 acre spacing. Upton County 2,500 Net Acres 25.4 Net Locations Reagan County 500 Net Acres 4.8 Net Locations Schleicher County 1,600 Net Acres 16.4 Net Locations Crane County, TX 3,700 Net Acres 37.3 Net Locations Crockett County 5,700 Net Acres 57.3 Net Locations

  9. EAGLE FORD SHALE OVERVIEW Key Assets in Close Proximity to Active Drilling A. La Salle & Frio 1,200 Net Acres 2.0 Net Wells 8.0 Net Drill Locations B. Wilson and Gonzales 1,300 Net Acres 2.0 Net Wells* 13.3 Net Drillable Locations *Vertical wells in older formations C. Maverick County 4,900 Net Acres 5.3 Net Wells* 43.7 Net Drill Locations *Vertical wells testing the Eagle Ford

  10. AULD SHIPMAN PROJECT – LA SALLE & FRIO • Projected to account for 500+ BOEPD in 2012. • Wells are currently awaiting infrastructure completion. • This project is located between the Charlotte Fault and the Sligo Shelf Margin. • Acreage is largely de-risked by Goodrich’s Burns Ranch Wells to the west and Cabot’s Armenius Lease to the north. • To date, we have participated in 23 gross wells with Cheyenne Petroleum Company as operator and ASEN owns a 10% working interest in this project with 12 additional wells expected to be drilled in 2012.

  11. BAKKEN SHALE OVERVIEW Strong Leverage to Active Drilling in the Fairway • ASEN has a multi-year drilling inventory positioned within the Bakken fairway.

  12. AMERICAN STANDARD ENERGY CORP’S BAKKEN OPERATOR MIX We Are Participating With Best In Class Bakken Operators

  13. FINANCIAL AND OPERATING PROFILE FINANCIAL PROFILE: ASEN.ob (metrics in millions except per share statistics; as of 04/02/12) • Fiscal Year End: 12/31 • 52 Week Stock Price Range: $1.70 – 8.75 • Share Price As Of April 13, 2012: $2.43 • Market Capitalization: $112MM • Shares Outstanding: 46.30 • Total Assets: $155 (pro forma) • Warrants Outstanding: • 14.3 mm @ $2.5 to $9.00 Exercise Price Range , Expiration (in months): 45- 60 • Options Outstanding: • 9.8 mm @ $2.43 Weighted Avg Exercise Price, Weighted Avg Remaining Contractual Term: 10 • Current Float: 15.51mm shares / 34% • Avg. Daily Volume (3 Month): 61,326 • Insiders Ownership: 61% • Institutional Ownership: 25% • Long Term Debt: $76 • $35mm Note due to Geronimo Holding Company • $20mm Convertible Promissory Note with Pentwater • $21mm Term Loan and Revolving Credit Facility with Macquarie Bank Limited Recent Developments: March 12, 2012 Closed on acquisition of approximately 72,300 net acres and approximately 250 barrels of oil equivalent

  14. REVENUE GROWTH BY QUARTER

  15. OPERATIONAL GROWTH

  16. AVERAGE DAILY BOE PRODUCTION – ANNUAL GROWTH

  17. ANNUAL PV-10 GROWTH

  18. COMPANY 2012 OBJECTIVES • Create shareholder value through three-pronged strategic focus: • (1) Development of key leasehold assets; • (2) Joint ventures with key operators and working interest partners to leverage value to American Standard shareholders; and • (3) Divestiture of proven and developed assets that will create value above intrinsic value to American Standard. • Use increasing cash flow and strategic value creation to de-leverage balance sheet. • Seek key partners to accelerate and expand development activities.

  19. COMPANY HIGHLIGHTS • American Standard Energy Corp has a multi-year drilling inventory and rapidly increasing production across three of the most prolific basins in the US today: • 29,000 net acre position in the Permian Basin; • 7,400 net acres in the Eagle Ford Shale formation of South Texas; and • 42,200 net acres of minority interest, non-operated leases in the Bakken. • Corporate Office: • 4800 N Scottsdale Rd, Suite 1400 • Scottsdale, AZ 85226 • Phone: (480) 371-1929 • Fax: (480) 990-2732 • Website: www.asenergycorp.com • Reserve Engineers: • DeGloyerand MacNaughton of Houston, TX • Cawley, Gillespie and Associates of Houston, TX • Auditors: • BDO USA, LLP • Management: • Scott Feldhacker, Chief Executive Officer • Richard MacQueen, President • Scott Mahoney, Chief Financial Officer • Investor Relations: • Jon Kruljac, GVC Advisors • Phone: (720) 488-4711 • Email: jkruljac@gvcadvisors.com

More Related