Logan Energy (LGN) Investor presentation summary

Corporate overview and asset base

• Growth-focused oil and gas company with significant Montney and Duvernay assets in Alberta and British Columbia, spun out in 2023.

• Holds 418 net Montney sections (845 locations) and 189 net Duvernay sections (153 locations), with a market cap of $733M and net debt of $139M as of June 2026.

• 2026 production guidance is 17,000–18,000 boe/d, with H2 2026 expected at 19,000–20,000 boe/d and 41% liquids weighting.

• Management and board own 16.6% of shares, demonstrating strong alignment.

Growth strategy and operational execution

• Targeting 40–50% compounded annual production growth from inception, aiming for 26,000–30,000 boe/d by 2028 using current equity capital.

• Growth plan consumes less than 10% of drilling inventory, leaving >850 locations by 2028.

• Expanded 2026 capital budget to $230–$240M, adding five net wells in Q4 2026 and advancing infrastructure projects.

• Focus on cost discipline, maintaining net debt to adjusted funds flow between 0.5x–1.0x.

Asset highlights and development plans

• Simonette: Core growth asset with owned infrastructure, targeting 32,000 boe/d plateau and multi-layer development (Montney, Duvernay, Cretaceous).

• Pouce Coupe: Low-risk, high-return development, near plateau at 10,000 boe/d, generating free cash flow with over 15 years of inventory.

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

• Duvernay: 189 net sections across three areas, with 153 net locations and strong initial well results in North Simonette.