EnerComs The Oil & Gas Conference August 20, 2014 TSX:AET.un
Major Events and Unit Price IPO to Present 11.00 10.00 Acquired Acquired Kansas assets production US45MM 9.00 payment Announced Issued 8.16MM units US19MM Premium DRIP C83.2MM to reduce debt Announced YE 2013 Announced Q2 2014…
Structure C-Corp. for tax purposes Form 1099 (versus MLP Schedule K-1 Form) Unitholders Administrator Shareholder No withholding tax for U.S. residents Tax efficient mutual fund trust structure Investment Income and Capital in…
Corporate Overview Listing Information: AET.UN:TSX (also trades on OTC Pink under symbol ANGYF:US) Market Capitalization: C170 MM1 (US155MM) 2 Enterprise Value: C450 MM1 (US410MM) 2 Units Outstanding (basic): 63.4 MM Unit Price…
2013 Year-End Reserve Information US GLJ Dec 31, 2013 Reserves PDP PDNP PUD TP PROB TPP Oil Eq. (Mboe) Company Interest 14,277 1,064 11,113 26,455 16,458 42,913 % Liquids 81% 82% 47% 66% 66% 66% Working Interest 14,122 1,064 10,703…
Production Highlights Q2 2014 production averaged 6,373 WI boe/d (69% oil and NGLs) Exceeded previously announced guidance of 6,100-6,200 WI boe/d Represents an increase of 30% from 4,920 WI boe/d (64% oil and NGLs) in Q2 2013,…
Sales and Funds Flow Highlights Q2 2014 sales of C47.5 MM1 3% above previous high of C46.2 MM in Q1 2014 Q2 2014 funds flow from operations of C15.8 MM (C0.25/unit) 6% above C14.9 MM (C0.24/unit) recorded in Q1 2014 Sales and…
Areas of Operation Argent Energy Trust Total - Q2 2014 production of 5,018 net boe/d (6,373 WI) 66% oil, 5% NGL & 29% gas on net production - 21.0 NET MMBOE (25.9 WI) proved reserves, 69% oil & NGL - R/P = 11.4 yrs Q2 2014 rate…
Acquisition History Acquistion Name Close Date Acquired Production1 Avg Netback Avg Oil Weighting Purchase Price Operating CF2 Capital Spent3 GLJ Reserve Value 4 (BOE/d) (/boe) (%) (MM) (MM) (MM) ( YE2013 MM) EQ Energy Oct 2012 900 50…
Volumes and Value by Region Working Interest Production by Area Net Production by Area 8,000 6,000 Working Interest Production (boe/d) 7,000 5,000 Net Production (boe/d) 6,000 4,000 5,000 4,000 3,000 3,000 2,000…
South Texas Fields 67 PRODUCING WELLS ON 26,188 NET ACRES (64% HBP) Q2 2014 Production of 2,111 net boe/d (2,819 WI) South Texas Fields Operations Completed in 2014 6 Eagle Ford oil wells completed in Gonzales 2 Wilcox gas wells…
East Texas Fields 146 PRODUCING WELLS ON 16,908 NET ACRES (98% HBP) East Texas Fields Q2 2014 Production of 1,224 net boe/d (1,567 WI) Operations Completed in 2014 Recompletions Artificial Lift Upsize & optimization Upside…
Mid Continent Fields 188 PRODUCING WELLS ON 37,095 NET ACRES (67% HBP) Q2 2014 Production 694 net boe/d (819 WI) Mid-Continent Fields Operations Completed in 2014 No significant CAPEX has been spent in this area Successful polymer…
Wyoming Fields 261 PRODUCING WELLS ON 49,662 NET ACRES 60 Argent operated wells Wyoming Oil Fields 201 non-op wells Q2 2014 Production of 990 net boe/d (1,168 WI) Operations completed in 2014 No drilling in 2014 Commenced tracer…
Powder River Basin Locator Formations with Horizontal Potential Source: Bill Barrett Corporation presentation at EnerCom 2013 TSX:AET.un 16
Wyoming Parkman Upside Operators including Devon, EOG, Petro- Hunt, Yates and others have been actively developing the Parkman and Turner in the immediate area of Argent acreage. Argent has identified approximately 4,400 net acres with…
Wyoming Turner Upside Operators including Devon, EOG, Petro- Hunt, Yates and others have been actively developing the Parkman and Turner in the immediate area of Argent acreage. Argent has identified approximately 5,000 net acres in…
Examples of Future Capital Opportunities Eagle Ford 14 additional locations in Gonzales County 12 of these locations booked by GLJ at year end AA Wells (Wapiti Acquisition) 5 infill drilling opportunities identified 3 of these…
Summary Annual distribution paid in cash monthly 9% cash-on-cash yield Long life assets P+P Reserve Life Index (RLI) = 18 years1 Proved RLI = 11 years1 Control over operations (Argent office and field staff) and capital spending…
Contact: John Elzner, President and CEO Sean Bovingdon, CFO Steven Hicks, Senior VP Business Development Lindsay Rimell, Manager of IR 500, 321 6th Ave SW Calgary, AB T2P 3H3 403.770.4809 infoargentenergytrust.com…
Argent Energy Trust Executive Team Executive Background John Elzner Over 30 years of executive and management experience President and CEO Previous senior positions with El Paso Corporation and Coastal Corporation Senior Vice President…
Argent Energy Trust Board of Directors Director Background John Elzner See management bios President & CEO John Brussa Senior Partner & Head of the Tax Department of the law firm Burnet, Duckworth & Palmer LLP Director, Acting Chairman…
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