Exhibit 99.2 | |||
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Presentation Outline for | |||
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Slide 1 - Multi-Play, Multi-Pay In the Maverick Basin | |||
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Slide 2 - Corporate Information | |||
- Headquarters: The Exploration Company; 500 North Loop 1604 East, Suite 250; | |||
- Contact: Roberto R. Thomae, VP-Capital Markets, bthomae@txco.com | |||
- TXCO - NASDAQ Listed | |||
- Forward-Looking Information - Information presented herein which is not historical, including | |||
statements regarding TXCO's or management's intentions, hopes, beliefs, expectations, representations, projections, estimations, plans or predictions of the future, are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include those relating to estimated financial results, or expected prices, production volumes, reserve levels and number of drilling locations. It is important to note that actual results may differ materially from the results predicted in any such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the costs of exploring and developing new oil and natural gas reserves, the price for which such reserves can be sold, environmental concerns effecting the drilling of oil and natural gas wells, as well as general market conditions, competition and pricing. More information about potential factors that could affect the company's operating and financial results is included in TXCO's annual report on Form 10-K for the year ended Dec. 31, 2004. These reports and TXCO's previously filed documents are on file at the Securities and Exchange Commission and can be viewed on TXCO's website atwww.txco.com, copies of which are available from the Company without charge. | |||
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Slide 3 - The State of the E&P Industry | |||
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Slide 4 - Why Own TXCO? | |||
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Slide 5 - TXCO Profile: Focused Growth | |||
Inset map of Texas showing the location of the Maverick Basin along the border with Mexico. | |||
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Slide 6 - TXCO's Growth Strategy | |||
Increase Shareholder Value By: |
Slide 7 - TXCO Strategic Alternatives |
- We Seek Alternatives to Help Maximize TXCO's Potential in this Stage of the Cycle |
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Slide 8 - TXCO's Maverick Basin Focus Area |
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Slide 9 - Maverick Basin Acreage Growth |
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Slide 10 - TXCO's Pipeline/Marketing Synergy |
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Slide 11 - TXCO Has 75% 3-D Seismic Coverage |
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Slide 12 - Maverick Basin: Prospect Rich |
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Slide 13 - TXCO Operational Snapshot |
- 811,000 Gross Acres in Leasehold/Options |
Slide 14 - 2005 CAPEX Guidance: Multi-Play, Multi-Pay |
Slide contains two charts: 1) a pie chart showing budget dollars, number of wells and % for three focus areas and Other; and 2) a bar chart titled 5-Year CAPEX/Drilling Mix. |
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Slide 15 - Multiple Plays -- Varied Risk Profiles |
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Slide 16 - Georgetown Fault Play: Repeatable Success? |
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Slide 17 - Georgetown Fault Play Update |
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Slide 18 - Georgetown Fault Play: Repeatable Success |
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Slide 19 - Georgetown Fault Play: Repeatable Success |
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Slide 20 - Glen Rose: 3 Plays in One |
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Slide 21 - Glen Rose Drilling Update |
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Slide 22 - Reserve Growth and Replacement Rates Outperform Smallcap Universe |
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Slide 23 - TXCO Outperforms Smallcap Universe |
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Slide 24 - TXCO's Production Diverse, Growing |
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Slide 25 - Record Cash Flows -- Low Debt |
Slide 26 - TXCO Capitalization |
Slide contains a bar chart entitled "Rising Proved Reserves Per Share" showing proved reserves per common share at year end for 2000 through 2004, as follows: 2000 -- 0.32; 2001 -- 0.73; 2002 -- 1.23; 2003 -- 1.33; 2004 -- 1.40; and a 45% CAGR over the period depicted. |
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Slide 27 - Why Own TXCO? |
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Slide 28 - Multi-Play, Multi-Pay In the Maverick Basin |
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Slide 29 - Appendix |