Profile - Delivering Value to Shareholders Tangle Creek Energy is a growing energy company focused on acquisitions & resource plays in Western Canada. Tangle Creek will deliver 20% to 30% compound annual returns over 5-7 years,…
Why Oil Resource Plays - Resource Triangle - Conventional versus Unconventional Why Oil Resource Plays Now Better margins & better economics than gas the technology developed for natural gas can be applied to oil under the right…
Why Oil Resource Plays - Technologies Evolving From EOG Horizontal Oil Conceptual Overview - 2010 4
Opportunity Overview - Investment Opportunity New WCSB Focused Private Start-up Company Founding team is technically highly skilled and commercially strong & experienced. Tangle Creek Energy is to be led by: Glenn Gradeen President…
Opportunity Overview - Investment Opportunity Targeting a 3X multiple over five years 25% compound annual return per share Assuming initial equity raise of 150MM exit equity value is over 450MM Production growth to over 8,000 boe/d…
Why Oil Resource Plays - Building a Successful Resource Business What does it take to Build a Successful Resource Play Based Energy Business: Multi-Disciplinary Expert Team Understanding of the Basin Configuration Understanding of…
Founding Team - Proven Management Team * Vice President Chief Executive Vice President Engineering & Officer Exploration Geophysics Chief Operating Officer Glenn Gradeen Alison Essery Cam Virginillo Berkana, Rosetta, Ocelot…
Founding Team - Experienced Board of Directors Chairman CEO Lauchlan Currie Glenn Gradeen Jim Pasieka Cam McVeigh ARC Financial Corp. Tangle Creek Energy Heenan Blaikie Camcor Partners Inc. Dan Botterill Larry M Jones…
Strategy and Tactics - Two Pronged Growth Strategy 1. Acquisitions with visible exploitation upside & with additional upside from low risk, carefully managed exploration including resource play development: Material land positions…
Strategy and Tactics - Two Pronged Growth Strategy 2. Identification, capture & exploitation of early stage resource plays: Western Canada has an abundance of tight rock and source rock these are the new target formations WCSB has…
Pembina Cardium recovery factor 12 Macquarie October 2010
Fairways of Interest Fairways of Interest West Central Alberta Primary: Cardium and Viking Secondary: Belly River, Ostracod, Glauconite, Ellerslie, Pekisko, Shunda/Banff Central Alberta Primary: Viking Secondary: Ellerslie,…
Corporate Model - Corporate Growth Model - Production Profile 9,000 Drilling additions 8,000 Acquisitions Additions: 7,000 Production from Previous Year 6,000 Exit Production Rate (boe/d) 5,000 boe/d 4,000 3,000…
Corporate Model - Cash, Capital, Cash Flow & Debt Profile Capex (M) 160,000 Cash Flow (M) Net Debt (M) 140,000 Equity Line Balance (M) Self Sustaining Cash Flow & 120,000 Debt capacity greater than Capex Acquisitions Capex (M)…
Corporate Model - Summary 3X original investment over five years 25% annual return per share Production growth to over 8,000 boe/d Reserves growth to over 20 MMboe Organic capital efficiency = 30,000/boe/d All in Finding,…
Business Risk Discussion - Risks to Successful Implementation of Tangle Creek Business Plan Risk Description Risk Results/Comments/Mitigation 1. Acquisition Low High Local Asset Liquidity Strategic Alliances & Partnering Acquire…
Investment Opportunity - Tangle Creek Investment Opportunity Why Tangle Creek Technical focused team Senior technical team each have 30+ years of experience Team has vast experience with WCSB resource plays Substantial capital…
Investment Opportunity - Tangle Creek Investment Opportunity Why Now 1-3 year window to acquire foothold in key prospects Land & asset deals available Services available Gas prices weak Traditional competitors suffering from lack of…
Summary - Investment Summary Tangle Creek Energy has the team, the strategy and the capitalization to take advantage of two important industry trends: 1) Robust M&A deal flow with attractive valuations Majors are shedding assets…
Contact: Tangle Creek Energy Ltd Glenn Gradeen CEO d: +1 (403) 648-4901 m: +1(403) 618-0434 ggradeentanglecreekenergy.com 1400, 715 5th Ave S.W. Calgary, AB T2P 2X6 TANGLE CREEK ENERGY August, 2011 Logo Placement 21
APPENDIX MANAGEMENT BIOGRAPHIES 22
Glenn Gradeen Alison Essery Glenn Gradeen is a professional Engineer with over 32 years of petroleum Alison is a professional Geologist with over 34 years of experience in industry experience. Most recently he was Chief Operating Officer…
Michael McGeough John Pantazopoulos Mike is a Professional Landman with over 25 years of experience in John is a senior financial executive with both E&P and investment Western Canada. Most recently Mike consulted to PetroBakken, banking…
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