Eagle Energy Trust VISION GROWTH INCOME Investor Presentation April 2015
Mission Statement VISION We strive to create wealth for investors by combining innovation, expertise and opportunity GROWTH We will maintain a sustainable payout ratio which provides for moderate growth INCOME We strive to…
Corporate Profile Current Estimated Working Interest Production: 3,000 boe/d Production Guidance Full Year 2015 : 2,950 3,150 boe/d Production Split: 97% light oil 2015 Ending Debt to Trailing Cashflow: 1.2 times(1) 2015 Corporate…
Market Data Ticker Symbol: TSX: EGL.UN Units Outstanding (basic): 35.0 million 52 Week Range: 1.57 - 7.28 Recent price: 2.55(1) Average daily trading volume (30 day): 82,503 units Market Cap: 89 million Directors & Officers Ownership:…
Recent Events Eagle took advantage of strong commodity prices in August 2014, sold Permian asset for US 140 million Eagle still operates light oil producing properties in Texas and Oklahoma In December 2014, Eagle acquired a…
Eagle Exercises Fiscal Prudence and Discipline December 2014: Eagle reduced its annual distribution to 0.03 per unit per month (0.36 per unit annualized) due to the rapid decline in commodity prices Eagle announced a 2015 capital…
Permian for Dixonville Our Vision in Action Dixonville is a perfect addition to Eagles play book: a property characterized by low declines, stable production and low ongoing capital requirements Low recovery factor compared to Eagles…
CDN Properties Dixonville Property (Alberta) 60 km from Peace River 50% non-operated working interest in a horizontal oil waterflood in the Montney C Formation 1,250 boe/d WI to Eagle (99% oil) Primary development started in…
CDN Properties Dixonville Property (Alberta) A premier waterflood in Western Canada Low decline, high netbacks Long-term potential Current Decline rate sub 10% field Reserve life index production Total Proved - 15 years Total…
US Properties Salt Flat Property (Texas) Light oil producing o 35 API from the Edwards limestone formation, located in the Salt Flat field in Caldwell County, South Central Texas Acquired an 80% working interest in 2010 Low cost…
US Properties Hardeman Property (Texas & Oklahoma) Light oil producing o 45 API from the Chappel and Atoka Conglomerate formations, located in Hardeman County, Texas and Jackson County, Oklahoma 79,000 gross acres of land 50…
2014 Year-end Reserves Total proved plus probable reserves of approximately 16 million boe (71% proved, 61% proved developed producing)(1) PV10 value of total proved plus probable reserves of approximately 277.8 million(1) Reserve…
Operations Update Eagle is well positioned to achieve full year 2015 production targets of 2,950 to 3,150 boe/d Eagle will continue to focus on operational efficiencies and capital discipline during 2015 that lead to cost reductions…
Operations Update Salt Flat Property: In 2014, Eagle drilled two new wells, side-tracked one existing well and installed eight horizontal pumps in existing wells to increase oil production. This work resulted in Eagles best capital…
Highlights for Year Ended Dec 31, 2014 Increased proved developed producing reserves volumes by 88% and the net present value discounted at 10% (PV10) by 29%. Despite a substantial decline in year over year benchmark oil prices,…
2015 Guidance Eagles 2015 capital budget is 13.7 million: Salt Flat, Texas 3 (3.0 net) horizontal oil wells Seismic processing, pump changes Hardeman, Texas and Oklahoma 3 (3.0 net) vertical wells 1 (1.0 net) salt water disposal…
2015 Guidance 2015 Guidance Notes Capital Budget 13.7 mm 1 Working Interest Production 2,950 to 3,150 boe/d 2 Operating Costs per month 1.8 to 2.0 mm 3 Funds Flow from Operations 29.5 mm 4 Debt to Trailing Cash Flow 1.2x Notes:…
2015 Guidance & Sustainability Eagles conservative payout ratio is designed to support the Trusts sustainability 2015 Guidance Notes Payout Ratios (as a percentage of cash flow) Basic Payout Ratio 42% 1 Plus: Capital Expenditures…
2015 Sensitivities In 2015, Eagle is within its comfort zone for its payout ratio and debt levels over a wide range of commodity prices Sensitivity to Commodity Price 2015 Average WTI US 50 (FX 1.30) US 60 (FX 1.25) US 70 (FX…
Hedging Program Eagle has price protection on more than 50% of production through to June 2015. The mark-to-market value of Eagles hedges, as of February 28, 2015 is CA 12.6 MM. Hedging Summary 3400 3200 3000 2800 2600 2400…
Production History 4,000 3,500 Average WI Production per Quarter (boe/d) 3,000 2,500 2,000 1,500 1,000 500 0 2015 Forecast Q1/11 Q2/11 Q3/11 Q4/11 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14…
Management Richard Clark, B.A. (Econ), LLB, Director, President and Chief Executive Officer 19 years in the legal profession as a founding partner at a boutique oil and gas law firm, then 10 years at a Canadian national law firm,…
Management Continued Scott Lovett, M.Sc., MBA, P.Eng, Vice President, Corporate & Business Development Over 18 years experience in the oil and gas industry, including reservoir evaluations, acquisitions and divestments, business…
Board of Directors David Fitzpatrick, P.Eng., Chairman Former Chief Executive Officer of Shiningbank Bruce Gibson, CA, Chair of Audit Committee Former Chief Financial Officer of Shiningbank Warren Steckley, P.Eng., Chair of Reserves…
CONTACT: Kelly Tomyn, CFO Tel: (403) 531-1574 Richard W. Clark, President and CEO Tel: (403) 531-1575 Eagle Energy Inc. Eagle Hydrocarbons Inc. 2710, 500 4th Avenue SW 3005, 333 Clay Street Calgary, AB T2P 2V6 Houston, TX 77002…
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