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Stone Energy Corporation
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2015 Iberia Capital Oil & Gas Day
| Kenneth H. Beer | Page 10 of 11 |
November 23, 2024
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"2015 Iberia Capital Oil & Gas Day"
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Achieving Milestones 10 Cardona 6 Drilling Engineering Procurement Installation Commissioning First Production Range 2014 2015 2016 3Q 4Q 3Q 4Q1Q 2Q 1Q 2Q Cardona Yields Two Additional Low Risk Development Wells Cardona No. 6 - 2Q15 spud • Cardona No. 5 offset • Develop shallow P8 and M83A • Projected gross rate 6,000 boed • ENSCO 8503 Sha le Ou t Sh ale Ou t #T B - 9 Salt S ha l e O ut Cardon a Sou th Ca rdon a #6 Ca rdona Ca rdon a # 7 Ca rdon a #4 Ca rdon a #5 Drilling Cardona No. 7 (Future) • TB-9 offset M83A PUD • Projected gross rate 5,000 boed • SGY 65% W.I. • 4 Well Tie Back Loop • Enables Future Tie Backs • 2 Wells Producing 10,000 boepd • Net EUR: 5-19 mmboe (Pmean 12) • Dev Cost: $31 per boe • Oil Price: LLS = WTI + $3 • LOE: ($ 1.20) per boe Cardona Project 3Q 4Q Cardona No. 4 and 5 - drilled • On production December 2014 • Ahead of schedule, under budget • Gross volumes 10,000 boed