Louisiana Energy Conference June 2, 2016

Zach Hart

Sr. VP Business Development

Forward Looking Statements

“This presentation includes forward looking statements. Forward looking statements can be identified by the use of forward

looking terminology such as the words “expect”, “estimate”, “project”, “forecast”, “anticipate”, “believes”, “should”, “could”,

“intend”, “plan”, “probability”, “risk”, “target”, “goal”, “objective”, “may”, “will”, “endeavor”, “outlook”, “optimistic”, “prospects” or by

the use of similar expressions or variations on such expressions, by the discussion of strategy or objectives or by the use of

budgets and projections for periods after the date hereof. Forward looking statements are based on current plans, estimates and

projections and are subject to inherent risks, uncertainties and other factors which could cause actual results to differ materially

from the future results expressed or implied by such forward looking statements. Any forward looking statements made in this

presentation speak only as of the date hereof. Indigo Minerals LLC and Indigo Resources LLC does not intend to update or

revise these forward looking statements to reflect events or circumstances after the date of this presentation and does not

assume any responsibility to do so.”

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Indigo Overview

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• Headquartered in Houston, TX

• Private Equity Backed • Formed in 2006

• Second largest producer of Horizontal Cotton Valley

North Louisiana

Central Louisiana Oil

Acres Central Louisiana Oil

Leasehold 58,000

Mineral 325,000

Total Acres 383,000

Acres Horizontal Cotton Valley

Haynesville Shale

Leasehold 272,000 22,000

Mineral 0 0

Total 272,000 22,000

• Three Core Assets, over 934,000 net acres • Active HZ development in North La • Oil exposure in Central LA • Large mineral position in 15 states

Cotton Valley Characteristics

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• Stacked Pays

• ~1,500’ of hydrocarbon bearing sands

• Multiple targets per surface acre

• Moderate depths

• ~9,000 – 10,500’ TVD

• Liquids Rich

• 50 – 100 bbl/MM NGLs

• 2 – 40 bbl/MM condensate

• Sits above Bossier Shale and Haynesville Shale

• Typically 100% HBP by either existing production or Haynesville

• Pseudo-Conventional Sandstone being developed Unconventionally

• 7,500’ laterals with 36 frac stages

Bodcaw

Mid Vaughn

Roseberry

Top CV

Vaughn

Sexton

Taylor

D Sand

Type Log

B Lime

Cotton Valley Growth Story

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• Drilled first Horizontal Cotton Valley well in 2010

• Have since increased acreage by ~190,000 net acres

• Hold 272,000 net acres in the Cotton Valley

2012 - 2013 2009 - 2011

CADDO

DESOTO

PANOLA

HARRISON

TEXAS LOUISIANA

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2007 - 2008

2015 2014 2016

0

2,000

2009

2010

2011

2012

2013

2014

2015

est 2

016

0

200

2009

2010

2011

2012

2013

2014

2015

YE 2

016

Operated Assets Growth

6

3rd Party Net Proved Reserves (BCFe)

Net Production Growth (Mmcfe/d)

Cotton Valley & Haynesville Map

Cotton Valley

Haynesville

• Acreage in core of both Cotton Valley and Haynesville plays

• Operate over 1,200 wellbores

• Currently running 2 rigs

• Significant reserve growth and resource capture

• ~2 TCFe of proved reserves

• >6 TCFe of 3P Resource

Strong Gulf Coast Demand Growth

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NE +2.7

Regional Changes in Gas Demand, 2014 – 2020 (BCF/d)

Gulf Coast +10.2

FL +1.1

Mexico +3.2

MW +0.7

NW +1.2

CA -0.7

SW +0.6

MC +1.0

SE +1.0

-0.1

Source: Bloomberg

Rox +0.5

Canada +4.7

($1.32)

($0.06)

Northern Louisiana Hub(1)

Dominion South Marcellus(2)

Indigo

Henry Hub

Discount to Henry Hub $

Proximity to Market and Declining Supply

8 8

0

20

2012

2013

2014

2015

2016

0

20

2012

2013

2014

2015

2016

0

20

2012

2013

2014

2015

2016

Marcellus / Utica: BCF/d

Haynesville: BCF/d

Eagle Ford: BCF/d

1) Northern Louisiana Hub reflects the historical 6 month average basis at Perryville Hub as of 9/15/2015. 2) Dominion South Marcellus reflects the historical 6 month average basis at Dominion South Hub as of 9/15/2015.

NGLs Poised to Run

9

0

80020

12

2013

2014

2015

2016

US Propane & Propylene Exports (1,000 bbl/d)

60% 19%

10%

11%

Ethane Propane Butane Natural Gasolines

• Ethane: Currently oversupplied

• Demand increasing by ~800,000 bbl/d

• Propane: Exporting record amounts

• Demand and export capacity continues to grow

• Butane & Natural Gasoline's: Linked to oil price

• Will benefit with recovery in oil market

U.S. Ethane Supply / Demand Outlook*

* Source: Enterprise May 2016 Investor Slides

Typical Cotton Valley NGL Barrel

Current Over Supply

Supply Range

• Well capitalized, strong balance sheet and supportive sponsors

• Continuing to add to asset base

• Significant resource close to best markets

• Large footprint of liquids rich Cotton Valley acreage

• 272,000 net acres

• 2nd largest producer of horizontal Cotton Valley

• 10th largest private gas producer in the US

• Rapid growth in short amount of time

Indigo Summary

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Rank Company Year Founded

1 Company A 1994

2 Company B 1989

3 Company C 1971

4 Company D 1989

5 Company E 1965

6 Company F 1977

7 Company G 1983

8 Company H 1924

9 Company I 2013

10 Indigo 2006

Top 10 Private Gas Producers*

* Oil and Gas Financial Journal April 2016