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Corporate Presentation – Triangle Petroleum Corp

Triangle Petroleum Corp · May 31, 2014 · 25 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. Corporate Presentation – Triangle Petroleum Corp – slide 1
    CORPORATE PRESENTATION May 2014
  2. Corporate Presentation – Triangle Petroleum Corp – slide 2
    TABLE OF CONTENTS Business Overview 4 Operational Overview 8 Financial Overview 14 Appendix 19
  3. Corporate Presentation – Triangle Petroleum Corp – slide 3
    BUSINESS OVERVIEW
  4. Corporate Presentation – Triangle Petroleum Corp – slide 4
    TRIANGLE PETROLEUM CORPORATION OVERVIEW BUSINESS OVERVIEW TPC wholly owned E&P subsidiary Growth oriented E&P company focused on the Williston Basin 135,000 net acres with current production rate of 9,575 Boepd and proved…
  5. Corporate Presentation – Triangle Petroleum Corp – slide 5
    BUSINESS OVERVIEW KEY INVESTMENT HIGHLIGHTS SUBSTANTIAL GROWTH FY2014 production and reserves increased 295% and 175%, respectively, year over year IN OPERATED FY2014 SEC PV-10 increased 201% year over year PRODUCTION AND Company…
  6. Corporate Presentation – Triangle Petroleum Corp – slide 6
    BUSINESS OVERVIEW SIGNIFICANT OPERATED PRODUCTION AND RESERVES GROWTH NET SOLD PRODUCTION VOLUMES (BOEPD) 14,000 FY2015 Avg. Daily Production Guidance(1) 10 12,600 10,200 11,200 Boepd (FY2014 Production of 5,286 Boepd) Net Sales…
  7. Corporate Presentation – Triangle Petroleum Corp – slide 7
    OPERATIONAL OVERVIEW
  8. Corporate Presentation – Triangle Petroleum Corp – slide 8
    OPERATIONAL OVERVIEW TRIANGLE USA CORE AREA MCKENZIE AND WILLIAMS COUNTIES RECENT DEVELOPMENTS PRO FORMA ASSET MAP: DENSITY / THREE FORKS ACTIVITY 79 gross operated wells currently producing and 11 wells waiting on completion(1)…
  9. Corporate Presentation – Triangle Petroleum Corp – slide 9
    OPERATIONAL OVERVIEW ACQUISITIONS OVERVIEW KEY ACQUISITION HIGHLIGHTS PRO FORMA ASSET MAP (HIGHLIGHTING ACQUISITION) Signed two separate definitive agreements (Acquisitions) for total consideration of 120mm in cash, net of…
  10. Corporate Presentation – Triangle Petroleum Corp – slide 10
    OPERATIONAL OVERVIEW DRILLING AND PRODUCTION PROFILE TUSA OPERATED WELLS COMPLETED (GROSS VS. NET)(1) HIGHLIGHTS 10 9.0 9.0 Decreasing spud to total depth days; average of 23 8.0 Wells Completed 8 6.7 days for Q4 FY14 versus 29…
  11. Corporate Presentation – Triangle Petroleum Corp – slide 11
    OPERATIONAL OVERVIEW ROCKPILE ENERGY SERVICES 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…
  12. Corporate Presentation – Triangle Petroleum Corp – slide 12
    OPERATIONAL OVERVIEW CALIBER MIDSTREAM Caliber Midstream Partners, LP is focused on providing gathering, transportation and processing in the Williston Basin All business lines are currently operational, marking the end of the Phase I…
  13. Corporate Presentation – Triangle Petroleum Corp – slide 13
    FINANCIAL OVERVIEW
  14. Corporate Presentation – Triangle Petroleum Corp – slide 14
    FINANCIAL OVERVIEW CURRENT POSITION CURRENT POSITION LIQUIDITY PROFILE (MM) Share Price (as of May 14, 2014) 9.30 Total Cash (as of January 31, 2014) 82 90-day % Change 15.2% TUSA Credit Facility Availability (as of January 31, 2014)…
  15. Corporate Presentation – Triangle Petroleum Corp – slide 15
    FINANCIAL OVERVIEW REVISED STAND-ALONE CAPITAL BUDGET FOR FY2015 (ENDED JANUARY 31, 2015) BUDGET DETAIL Capital Expenses Revised FY2015 Budget (mm)(1) E&P Operated Drilling Program(2) 360 E&P Non-Operated Drilling Program 45 Station…
  16. Corporate Presentation – Triangle Petroleum Corp – slide 16
    FINANCIAL OVERVIEW STAND-ALONE BUSINESS SEGMENT GUIDANCE TUSA Stand-alone(1)(2) RPES Stand-alone(3) CLBR Stand-alone(4) Adj. EBITDA Adj. EBITDA Adj. EBITDA Period Revenue (mm) Revenue (mm) Revenue (mm) (mm) (mm) 2H FY15 165 - 180…
  17. Corporate Presentation – Triangle Petroleum Corp – slide 17
    FINANCIAL OVERVIEW RISK MANAGEMENT KEY HIGHLIGHTS HEDGE POSITION 6,000 FY15 Collars 100 Ceiling Actively hedging to protect present and 86 Floor 4,500 future cash flows through the use of zero Bopd 3,000 FY16 Collars cost…
  18. Corporate Presentation – Triangle Petroleum Corp – slide 18
    APPENDIX a) RockPile: Vertical Integration Profile b) Caliber: Vertical Integration Profile c) Montana Station Prospect d) Historical Financials
  19. Corporate Presentation – Triangle Petroleum Corp – slide 19
    APPENDIX ROCKPILE: VERTICAL INTEGRATION PROFILE ROCKPILES BENEFIT TO TRIANGLE ROCKPILE ELIMINATIONS PER WELL FY2014 Control 100% of largest E&P cost center Net Income Elimination Capex Reduction / Well 12.0 11.2 2.0 Maintain…
  20. Corporate Presentation – Triangle Petroleum Corp – slide 20
    APPENDIX CALIBER: VERTICAL INTEGRATION PROFILE CALIBERS BENEFIT TO TRIANGLE CALIBER IMPLIED VALUATION Secured long term gas and crude oil gathering and Peer Average 2014E EV / EBITDA(1)(2)(3) 14.1x takeaway capacity at market rates…
  21. Corporate Presentation – Triangle Petroleum Corp – slide 21
    APPENDIX MONTANA STATION PROSPECT DETAILS 43,000 net acres; 67% operated Potential Drilling Inventory: 318 operated locations Allocating 10mm to acquire seismic data and drill and complete 3 4 exploratory wells in FY2015 KEY…
  22. Corporate Presentation – Triangle Petroleum Corp – slide 22
    APPENDIX Q4 FY14 CONSOLIDATED INCOME STATEMENT Three Months Ended January 31, Year Ended January 31, 2014 2013 2014 2013 Revenues Total revenues 85,510 23,901 258,747 60,701 Costs and Expenses Oil and gas operating expenses (incl.…
  23. Corporate Presentation – Triangle Petroleum Corp – slide 23
    APPENDIX CONSOLIDATED ADJUSTED NET INCOME RECONCILIATION Q4 fiscal 2014 Q4 fiscal 2013 Fiscal 2014 Fiscal 2013 Net income (loss) attributable to common stockholders 14,248 (9,182) 73,480 (13,760) (Gain) loss on equity investment…
  24. Corporate Presentation – Triangle Petroleum Corp – slide 24
    APPENDIX FY2014 INTERSEGMENT TABLE RockPile's Exploration Pressure Pumping Corporate Eliminations Consolidated and Production and Other Services and Other(1) and Other Total Revenues Oil and natural gas sales 160,548 - - -…
  25. Corporate Presentation – Triangle Petroleum Corp – slide 25
    USE OF SEGMENT INFORMATION AND NON-GAAP MEASURES 1) The Company often provides financial metrics for each of Triangles three segments of operation. Revenues for each segment are disclosed in notes to the financial statements contained…

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