Al Alyesk ska Leadership dership Presenta esentation tion - PowerPoint PPT Presentation

Dave e Wilki lkins, ns, Senior ior Vice e Pres esid iden ent, t, Hilcor lcorp p Alaska ka Al Alyesk ska Leadership dership Presenta esentation tion – February ruary 14, 2018 Integrity • Urgency • Ownership • Alignment • Innovation

Hilcorp Alaska Workforce Year End 2012 255 Employees 96% Alaska Residents Year End 2013 316 Employees 97% Alaska Residents Year End 2014 505 Employees 88% Alaska Residents Year End 2015 515 Employees 89% Alaska Residents Year End 2016 502 Employees 88% Alaska Residents Year End 2017 517 Employees 89% Alaska Residents

Hilcorp Alaska (HAK) Who are We? • Map here Cook Inlet Operations

Hilcorp Alaska (HAK) North Slope Operations Who are We? • Map here

Hilcorp Cook Inlet Basin Gross Gas Production 2012-2018 205,490 MCFD

Hilcorp North Slope and Cook Inlet Oil Production 2012-2018 53,070 BOPD

Hilcorp North Slope and Cook Inlet Net BOED Production 2012-2018 55,928 net BOEPD

Hilcorp Net Production Moose Pad – Q4 2018 (+15,000 BOPD) Liberty – Q4 2022 (+70,000 BOPD)

Milne Point: Moose Pad • First new pad at Milne Point since 2002 • 50-70 wells • First production ~ November 2018 • Peak production 16,000 BOPD in 2020 • Estimated 30-50 MMBO EUR (Estimated Ultimate Recovery)

Milne Point: Polymer Flooding Producer Injector • FIRST EVER polymer flood implemented on the Slope • Estimated 50% Increased Recovery • 30 MMBO- 50 MMBO opportunity

Liberty Project 70,000+ Modeled $1 Billion+ 20-30 Years BOPD Peak after proven Investment Field Life Production technology

OOOGURUK ISLAND NIKAITCHUQ ISLAND NORTHSTAR ISLAND ENDICOTT LIBERTY ISLAND Operated by: Caelus Operated by: ENI Petroleum Operated by: Hilcorp Operated by: Hilcorp Operated by: Hilcorp Constructed in 2007 Constructed in 2011 Constructed in 2000 Constructed in 1987 Construction: tbd - 2019 Island Surface: 6 acres Island Surface: 11 acres Island Surface: 7 acres Island Surface: 45 acres Island Surface: 9.3 acres Water Depth: 4.5 feet Water Depth: 8 feet Water Depth: 40 feet Water Depth: ~4 feet Water Depth: 19 feet Subsea Pipeline: 5.7 miles Subsea Pipeline: 3.8 miles Subsea Pipeline: 6 miles Subsea Pipeline: none Subsea Pipeline: 5.6 miles