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HOWARD WEIL CONFERENCE – Triangle Petroleum Corp

Triangle Petroleum Corp · Mar 23, 2015 · 24 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 1
    HOWARD WEIL CONFERENCE PRESENTATION March 23-25, 2015
  2. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 2
    TABLE OF CONTENTS Business Overview 4 Operational Overview 8 Financial Overview 13 Appendix 19
  3. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 3
    BUSINESS OVERVIEW
  4. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 4
    TRIANGLE PETROLEUM CORPORATION OVERVIEW BUSINESS OVERVIEW TPC wholly owned E&P subsidiary Growth oriented E&P company operating in the Williston Basin Current production of approximately 13,000 Boepd 128,000 net acres with…
  5. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 5
    KEY INVESTMENT HIGHLIGHTS BUSINESS OVERVIEW SUBSTANTIAL GROWTH Q3 FY15 production increased 80% year over year (YoY) from Q3 FY14 IN OPERATED Proved reserves have increased 76% YoY(1) PRODUCTION AND Increased scale during FY2015…
  6. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 6
    SIGNIFICANT OPERATED PRODUCTION AND RESERVES GROWTH BUSINESS OVERVIEW NET SOLD PRODUCTION VOLUMES (BOEPD) 14,000 FY2015 Avg. Daily Production Guidance 10,200 11,200 Boepd (1) 13,000 10 12,230 12,600 FY2016 Avg. Daily Production…
  7. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 7
    OPERATIONAL OVERVIEW
  8. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 8
    TRIANGLE USA CORE AREA MCKENZIE AND WILLIAMS COUNTIES OPERATIONAL OVERVIEW RECENT DEVELOPMENTS ASSET MAP: DOWNSPACING &THREE FORKS ACTIVITY 119 gross operated horizontal wells currently producing and 20 wells waiting on…
  9. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 9
    DRILLING AND PRODUCTION PROFILE OPERATIONAL OVERVIEW TUSA OPERATED WELLS COMPLETED (GROSS VS. NET) HIGHLIGHTS 17.0 Gross AFEs expected to range between 7.5-9mm for 15.0 13.2 FY2016, down from 10.2mm in FY2015 and 9.5mm 9.9 in…
  10. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 10
    ROCKPILE ENERGY SERVICES OPERATIONAL OVERVIEW RockPile Energy Services, LLC is focused on providing Best in Class pressure pumping and ancillary services in the Williston Basin EXPANDING CAPACITY AND CAPABILITIES GROSS WELLS…
  11. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 11
    CALIBER MIDSTREAM OPERATIONAL OVERVIEW Caliber Midstream Partners, LP is focused on providing gathering, transportation and processing in the Williston Basin Recent 34m equity infusion by FREIF will be used to fund newly executed…
  12. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 12
    FINANCIAL OVERVIEW
  13. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 13
    CURRENT POSITION FINANCIAL OVERVIEW CURRENT POSITION PRO-FORMA LIQUIDITY (MM) Share Price (as of March 20, 2015) 4.94 Total Cash 71 90-day % Change -9.2% TUSA Credit Facility Availability 402 Basic Shares Outstanding (mm)(1) 75.2…
  14. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 14
    TRIANGLE PETROLEUM CORPORATION CAPITAL STRUCTURE OVERVIEW FINANCIAL OVERVIEW 134mm 5% Convertible Note (includes 14mm of accrued interest) Converts into TPLM common stock at 8.00/sh Interest paid-in-kind Triangle Petroleum…
  15. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 15
    STAND-ALONE CAPITAL BUDGET FOR FY2016 (ENDING JANUARY 31, 2016) FINANCIAL OVERVIEW BUDGET DETAIL (1) Capital Expenses FY2016 Proposed Budget (mm) E&P Operated Drilling Program 150-165 E&P Non-Operated Drilling Program 0-10…
  16. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 16
    ADDITIONAL BUSINESS SEGMENT GUIDANCE FINANCIAL OVERVIEW Guidance details are subject to change based on the dynamic nature of the commodity price environment TUSA-SPECIFIC FY2016 ITEMS(1): ROCKPILE-SPECIFIC FY2016 ITEMS:…
  17. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 17
    RISK MANAGEMENT FINANCIAL OVERVIEW KEY HIGHLIGHTS HEDGE POSITION FY16 Collars Mark-to-market value of hedge book was 98/b Ceiling 6,000 62mm as of January 31st 87/b Floor 4,400 Hedging program consists of zero cost collars…
  18. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 18
    APPENDIX a) RockPile: Vertical Integration Profile b) Caliber: Vertical Integration Profile c) Montana Station Prospect d) Historical Financials e) Reconciliations and Segment Information
  19. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 19
    ROCKPILE: VERTICAL INTEGRATION PROFILE APPENDIX ROCKPILES BENEFIT TO TRIANGLE ROCKPILE IMPLIED VALUATION Control 100% of largest E&P cost center Peer Average 2014E EV / EBITDA(3) 4.1x Dedicated high quality frac fleet and…
  20. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 20
    CALIBER: VERTICAL INTEGRATION PROFILE APPENDIX CALIBERS BENEFIT TO TRIANGLE CALIBER IMPLIED VALUATION Secured long term gas and crude oil gathering and Peer Average 2014E EV / EBITDA(1) 14.9x takeaway capacity at market rates in…
  21. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 21
    MONTANA STATION PROSPECT APPENDIX Samson Resources DETAILS Sagebrush Resources Riva Ridge 33-56H MB SBR1-36H Riva Ridge 0607-2H TF 42,000 net acres; 67% operated Potential Drilling Inventory: 294 operated locations…
  22. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 22
    Q3 FY15 CONSOLIDATED INCOME STATEMENT APPENDIX Three Months Ended October 31, 2014 2013 Revenues Oil, natural gas and natural gas liquids sales 80,139 55,477 Oilfield services 94,057 33,072 Total Revenues 174,196 88,549…
  23. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 23
    CONSOLIDATED ADJUSTED NET INCOME RECONCILIATION APPENDIX Q3 Fiscal 2015 Q3 Fiscal 2014 Net income attributable to common stockholders 25,398 47,221 (Gain) loss on equity investment derivatives (742) (35,832) (Gain) loss on…
  24. HOWARD WEIL CONFERENCE – Triangle Petroleum Corp – slide 24
    Q3 FY15 INTERSEGMENT TABLE APPENDIX RockPile's Pressure Exploration and Pumping and Other Corporate Eliminations Consolidated Production Services (a) and Other(b) and Other Total Revenues Oil, natural gas and natural gas liquids…

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