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Corporate Presentation – Traverse Energy, Inc.

Traverse Energy, Inc. · Jun 1, 2014 · 17 slides

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Slides

  1. Corporate Presentation – Traverse Energy, Inc. – slide 1
    Corporate Presentation, June, 2014
  2. Corporate Presentation – Traverse Energy, Inc. – slide 2
    The Company Recapitalization of Firstland Energy Ltd. June, 2009 New management & name changed to Traverse Energy Ltd. June, 2009 11.5 million financing ( 0.80/share) completed March, 2014 68.6 million shares issued 74.0 million…
  3. Corporate Presentation – Traverse Energy, Inc. – slide 3
    Corporate Strategy Growth through the drill bit (predominantly 100% working interest) Exploring for new oil pools that can be exploited by vertical and horizontal drilling Maintain a significant undeveloped land base (173,700 net…
  4. Corporate Presentation – Traverse Energy, Inc. – slide 4
    Management Team Laurie Smith, P. Geol., President David Erickson, P. Geol., Vice President & COO Sharon Supple, CA, CFO History 20+ years together as senior management team Petromet Resources Limited - drill bit growth 0 to…
  5. Corporate Presentation – Traverse Energy, Inc. – slide 5
    Financial Highlights (in thousands except where stated) 3 months, 2014 2013 2012 Petroleum & natural gas revenue 4,535 14,674 7,922 Net income (loss) 746 3,245 (2,828) Funds from operations 2,596 9,914 5,588 Net capital…
  6. Corporate Presentation – Traverse Energy, Inc. – slide 6
    Annual Reserves, Production and Land As at December 31, 2013 2012 2011 Proved reserves (mBOE) 1,447.2 865.4 401.6 Proved + probable reserves (mBOE) 1,910.4 1,218.6 566.0 Production (BOE/d) 680 405 197 Finding & Development Costs…
  7. Corporate Presentation – Traverse Energy, Inc. – slide 7
    Commodity Pricing, Production and Operating Netbacks 3 months, 2014 2013 2012 Average Sales Price Natural gas (/Mcf) 5.49 3.44 2.65 Oil and NGL (/bbl) 88.98 83.11 77.90 Average daily production (BOE) 756 680 405 Netback per BOE…
  8. Corporate Presentation – Traverse Energy, Inc. – slide 8
    Areas of Activity Undeveloped Land Holdings (March 31, 2014) Gross Net Acres Acres Northern 1,800 1,800 West Central 4,500 3,400 East Central 141,700 141,200 Southern 29,600 27,300 177,600 173,700 Average Working Interest: 98%
  9. Corporate Presentation – Traverse Energy, Inc. – slide 9
    East Central Alberta Area Land Holdings: 103,000 Acres 2013 Activity: Shot and purchased 2D and 3D seismic 7 wells drilled at Coyote resulting in 6 oil wells 2014 Activity: 4 wells drilled in Q1 (3 at Coyote, 1 at Willow)…
  10. Corporate Presentation – Traverse Energy, Inc. – slide 10
    Coyote Area Land Holdings: 11,000 acres 2013 Activity: 7 wells drilled in 2013 resulting in 6 oil wells and 1 dry hole to be converted to a water disposal well Production from 4 wells averaged 161 BOE/day (91% oil & NGL) 3 D…
  11. Corporate Presentation – Traverse Energy, Inc. – slide 11
    Willow Area Land Holdings: 22,400 acres 2013 Activity: Purchased 2D & 3D seismic surveys 2014 Activity: 1 well drilled in Q1, production testing scheduled for Q2 3D seismic shot in March; evaluation & location…
  12. Corporate Presentation – Traverse Energy, Inc. – slide 12
    Hanna Area Land Holdings: 41,300 acres 2013 Activity: Shot and purchased additional 2D & 3D seismic 2014 Activity: 1-2 exploratory wells planned 2nd half, 2014
  13. Corporate Presentation – Traverse Energy, Inc. – slide 13
    Turin Area Land Holdings: 6,600 acres all rights 3,300 acres rights below Mannville Production: 8 producing wells Q1, 2014 production of 394 BOE/day (45 % oil and NGLs) Facilities: Battery daily capacity - 2,500 barrels fluid,…
  14. Corporate Presentation – Traverse Energy, Inc. – slide 14
    Brazeau Area Royalty Property: 6,400 acres 5% - 10% GORR on oil, 10% GORR on NGLs and natural gas Production: 2013 production 144 BOE/day (75% oil and NGLs). 21 horizontal Cardium wells on production at March 31, 2013…
  15. Corporate Presentation – Traverse Energy, Inc. – slide 15
    2013 program Seismic data purchased and shot at Coyote, Willow, Hanna & Turin 9 wells drilled resulting in 6 oil wells (Coyote), 2 dry and abandoned wells (Turin East) and 1 potential water disposal well (Coyote) 2013 production 680…
  16. Corporate Presentation – Traverse Energy, Inc. – slide 16
    Corporate Information Evaluation Engineers: Sproule Associates Ltd. Bank: Alberta Treasury Branch Auditor: KPMG LLP Solicitor: Borden Ladner Gervais LLP Transfer Agent: Valiant Trust Company Board of Directors Laurie Smith:…
  17. Corporate Presentation – Traverse Energy, Inc. – slide 17

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