Corporate Snapshot TSX Listed TSX: TXP Canada Basic Shares 83.1 MM Fully Diluted Shares 90.4MM Trinidad & Tobago Institutional Ownership 17.6% Q2 2014 Market Cap 80.4 Q2 2014 Working Capital 9.7MM Unrisked Drilling Inventory…
Asset Overview Trinidad Heavy Oil and Oil Sand Focused Development to Date Eleven (11) Producing Properties 81,108 working interest acres 10,205 net working interest acres 390 bbls/d production in Q2 2014 1,574 bbls/d production Q2…
Track Record of Delivery 3,000 Total Pro Forma Corporate Production Trinidad Average Daily Oil Production (bbls) Canadian Average Daily Oil Production (bbls) 2,500 Average Daily Oil Production (bbls) 2,000 1,500…
2014/2015 Budget Summary Assuming 95 USD Oil Price Per Barrel (000s/CAD) 2014(1)(2) 2015(2) Capital Budget Allocation (MM) 5.00 3.00 Trinidad Average Production (bbls/d) 2,000 2,100 2,800 3,000 Capital Expenditures (MM) Trinidad…
Trinidad Assets Trinidad Onshore OFFSHORE EXPLORATION BLOCK Eleven (11) Producing Properties Eleven (11) Exploration Blocks Average working interest 26.1% 10 properties with 100% WI Average working interest 59% 5,310 working interest…
Trinidad Development Inventory Development & Acres Lease Type Current Total Potential Booked Potential Booked IP Volumes Upside Risked Net Capital Exploration (1) (working wellbores Locations Locations Capital Risked Potential…
Exploration and Development Timeline 2014 2015 Total Initial well Play Type Cost per Q2 Q3 Q4 Q1 Q2 Q3 Q4 potential Production well locations (IP12 mo) (MM) (net) WD-8 61 45 Development 1.3 2 wells 8 potential wells WD-4 19 75…
ORTOIRE BLOCK EXPLORATION PROSPECT Currently finalizing Exploration Licence with Trinidad Ministry of Energy and Energy Affairs Currently negotiating Joint Operating Agreement with Petrotrin Petrotrin carried on Minimum Work…
CANADA FOCUS ON SASKATCHEWAN Heavy Oil Focused Development Targeting the Waseca, McLaren, and Bakken FMs Saskatchewan 95 Sections 60,948 Working interest acres 100% Working interest Optimizing Kerrobert operations Continuing cold…
CANADA VIKING OPPORTUNITY Viking Halo Potential Vertical Viking Offset Log Township 33 24 W3M Proven Viking production offsetting 9 of 19.5 Gross Sections Viking Rights Located in Kerrobert, Luseland and Beadle 19.5 (11.5…
Financials - Q2 2014 in Review Three Months Three Months % Change Highlights Ended June Ended June 30, 2014 30, 2013 Netback /Bbl Financial (000s except per share amounts) Realized Price 104.02 7,861 - 100 Trinidad petroleum…
Trinidad Reserves Summary (1) (as of September 30, 2013) Reserves (000') (2) Net Present Value (PV-10) (2) 16,000 0.18 0.17/sh 400,000 4.50 14,000 0.16 4.23 /sh 350,000 4.00 12,000 0.14 3.50 300,000 0.12/sh 0.12 3.00 10,000…
Exit Highlights Average 91% operated working interest in 11 producing properties and 11 exploration Large, Operated, High Working blocks with 59% working interests in Trinidad 1 Interest resource base Over 81,000 working interest acres…
Corporate Information CORPORATE INFORMATION ABBREVIATIONS Head Office bbl(s) barrel(s) Suite 1100, 332 6th Ave SW mbbl(s) thousand barrel(s) Calgary, AB T2B 0B2 bbls/d barrels per day Office: (403) 750-4400 CAD Canadian dollar Fax: (403)…