Exhibit 99 | |||
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Presentation Outline for | |||
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Slide 1 - On the Road to Growth | |||
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Slide 2 - Corporate Information | |||
- Headquarters: The Exploration Company; 500 North Loop 1604 East, Suite 250; | |||
- Contacts: James E. Sigmon, President and CEO, jsigmon@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, and its Form 10-Q for the quarter ended Sept. 30, 2005. 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 - TXCO: A Profile | |||
Slide 4 - Strategic Alternatives Results | |||
- TXCO's Strategic Alternatives Review Completed | |||
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Slide 5 - What TXCO Gains | |||
- $80 Million, All-Cash Transaction | |||
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Slide 6 - What EnCana Gains | |||
- Interest in 300,000+/- Acres in Southern Block | |||
Slide 7 - Post-EnCana Capitalization And Credit Statistics | |||
Line chart indicating Total Capitalization by year for 2001 through 2004, 6 Mos. '05 and 9 Mos. '05, in $ millions, titled "Deleveraged Balance Sheet". Also, a table entitled "TXCO's Stronger Financial Position" as follows: 2Q05 3Q05 | |||
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Slide 8 - 2005 CAPEX | |||
Slide contains two pie charts showing budget dollars, number of wells and % for three focus areas and Other. The first for the Pre-EnCana CAPEX drilling budget with 60+ wells, and the second for the Post EnCana CAPEX with 50+ wells. | |||
Slide 9 - TXCO's Maverick Basin Focus Area | |||
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Slide 10 - TXCO's Pipeline-Marketing Synergy | |||
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Slide 11 - Maverick Basin: Prospect Rich, Growing Potential | |||
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Slide 12 - Glen Rose: Three Plays in One, Porosity -- Reefs -- Shoals | |||
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Slide 13 - Glen Rose: Three Plays in One, Porosity -- Reefs -- Shoals | |||
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Slide 14 - Glen Rose Drilling Update - Status at YE 2005: - 1 well drilling | |||
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Slide 15 - New Marfa Basin Prospect | |||
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Slide 16 - New Marfa Basin Prospect | |||
Slide 17 TXCO Operational Snapshot | |||
- 880000 Gross Acres in Leasehold | |||
Slide 18 - Key Indicators Confirm Growth | |||
Slide contains a data box and three bar charts: | |||
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Slide 19 - Key Indicators Confirm Growth | |||
Slide contains four bar charts: Actual numbers not given by category. | |||
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Slide 20 - Reserve Growth Continues | |||
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Slide 21 - Comparative Stock Performance | |||
Chart shows stock performance for TXCO, TXCO Peers, S&P 500 and Dow Jones by month for 2002 through January 2006. Beginning and ending prices for TXCO were labeled as $2.17 and $6.46, respectively. Significant peaks in the TXCO stock performance graph are labeled, as follows: | |||
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Slide 22 - TXCO Stayed the Course, Executing Its Growth Strategy | |||
Increasing Shareholder Value as TXCO: | |||
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Slide 23 - Why Own TXCO Now? | |||
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Slide 24 - On the Road to Growth | |||
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Slide 25 - Appendix - Pro forma numbers -- For the quarter ended Sept. 30, adjusted for sales of properties to EnCana. |
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8-K Filing
Txco Resources (TXCOQ) Inactive 8-KRegulation FD Disclosure
Filed: 9 Jan 06, 12:00am