Logan Energy (LGN) Investor presentation summary

Corporate overview and asset base

• Growth-focused oil and gas company with assets in the Montney and Duvernay plays, spun out in 2023.

• Holds 418 net Montney and 189 net Duvernay sections, with 843 and 154 net drilling locations respectively.

• Market capitalization of $630 million, net debt of $119 million as of March 2026, and 16.6% insider ownership.

• 2026 production guidance of 17,000–18,000 boe/d, targeting 19,000–20,000 boe/d in H2 2026.

Growth strategy and operational plan

• Five-year plan targets organic growth to 24,000–27,000 boe/d by 2028, with 40–50% annual production growth.

• Growth plan consumes less than 10% of current drilling inventory, leaving >775 Montney and >145 Duvernay locations by 2028.

• Capital discipline maintained with net debt to adjusted funds flow targeted at 0.5x–1.0x.

• Expanded 2026 capital budget of $230–$240 million, supporting accelerated oil-weighted growth.

Asset highlights and development

• Simonette: Core growth asset with owned infrastructure, targeting 25,000 boe/d plateau and multi-zone development.

• Pouce Coupe: Low-risk, cash-generating asset at 8,000–10,000 boe/d plateau, with over 15 years of sustaining inventory.

• Flatrock: Large, contiguous undeveloped land base with high potential for greenfield Montney development.

• Duvernay: 189 net sections in Kaybob area, 154 net locations, with multi-well pad development planned.