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Lonestar Touts 2,500 BOEPD Wells at Horned Frog Project; Company Record

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Lonestar Resources US Inc. announced additional well results in its Horned Frog area located in La Salle County, Texas.

New Horned Frog Wells Hit Record 2,500 BOEPD

Lonestar also announced initial test results for its Horned Frog F #A1H and F #B1H today. Their average test rates of approximately 2,500 BOE/d are records for Lonestar Resources:

• Horned Frog F #A1H - was drilled to a total depth of 22,534 feet and completed in a 12,461' interval over 42 stages at a proppant concentration of 2,312 pounds per foot. The F #A1H recorded a test rate of 555 Bbls/d of oil, 654 Bbls/day of NGL's & 7,066 Mcf/d of natural gas, or 2,387 BOE/d on a three-stream basis. Lonestar owns a 100% working interest in the well.

• Horned Frog F #B1H - was drilled to a total depth of 22,391 feet and completed in a 12,170' interval over 41 stages at a proppant concentration of 2,338 pounds per foot. The F #B1H recorded a test rate of 629 Bbls/d oil, 706 Bbls/d of NGL's & 7,629 Mcf/d of natural gas, or 2,607 BOE/d on a three-stream basis. Lonestar owns a 100% working interest in the well.

Previous Wells Improving

In Lonestar's first quarter report, we disclosed that the #4H well tested at initial rates of 1,489 BOE/d while the #5H well tested at initial rates of 1,475 BOE/d. These new wells have since cleaned up after flowback and registered the following maximum rates over a 30-day period ("Max-30" rates):

• Horned Frog NW #4H - With a 9,771' perforated interval, the #4H well produced a Max-30 rate of 764 Bbls/d of oil, 335 Bbls/d of NGL's & 1,962 Mcf/d of natural gas, or 1,426 BOE/d on a three-stream basis. Lonestar owns a 100% working interest in the well.

• Horned Frog NW #5H - With a 9,645' perforated interval, the #5H well produced a Max-30 rate of 770 Bbls/d of oil, 360 Bbls/d of NGL's & 2,108 Mcf/d of natural gas, or 1,481 BOE/d on a three-stream basis. Lonestar owns a 100% working interest in the well.

The new 2019 Horned Frog wells have recorded oil production rates that are 26% higher on a per-foot basis than the two wells we brought onstream in 2018, the Horned Frog #G1H and #H1H. Additionally, the test rates on our 2019 wells have exceeded the outstanding production-per-foot results generated by our 2018 completions by 7%, logging rates of 203 Boe/d per 1,000 ft.