Growing shareholder value Corporate and property acquisitions at accretive financial metrics The Exploit low risk development opportunities Top tier technical and financial competence Opportunity Oil weighted producer with low risk…
Many accomplishments to date Off to a great start in 2014 Flood - Expand Energy acquisition for net 0.7mm, large Montney oil play, 100% WI, 37 sections Brazeau River Acquired 100% WI in 2.25 sections no up front investment,…
Corporate Snapshot Stock Exchange TSX.V Symbol CAC Current share price at Sept 16, 2014 1.39 Current warrant price at Sept 16, 2014 (2.40 warrants expire March 2016) 0.17 Capital Structure Common stock (basic) 41.3mm (diluted)…
Canamax Core Areas NORTH WEST ALBERTA Flood (100% WI) Alberta Montney oil; 42 sections & infrastructure; OOIP 5.0MMboe per section, Large vertical well development property 10 producing vertical wells 2014 YTD 2 new drills and 4…
Flood Large OOIP Montney oil play great initial results July 25, 2014 production 350 boe/d (85% liquids) Total of 42 net sections with 28.5km2 of 3D seismic All infrastructure to achieve high net backs Gas Sales Line & Compressor…
Flood - Comparison to Viking play Company Raging River Whitecap Beaumont Canamax Asset Dodsland Lucky Hills Kerrobert Flood Assumptions Key assumptions include: Well Cost (MM) 0.90 0.93 0.90 0.80 IP 30 (boe/d) 60 120 85 70 Liquids (%)…
Flood Current development plan low risk development Phase 1 - 2014 Reserve Parameters Unit Montney Oil Phase 2 Bring on water disposal facility Second phase drilling commences OOIP (* per section) MMbls 5.0 and reactivate 4 wells H1…
Wapiti Cardium Oil New 9-21 Hz Cardium Reserve Parameters Unit Wapiti Well on Production OOIP (per section) MMbls 4.7 API Degree 42.0 Recovery Factor % 8.1 Recoverable Oil MMbls 0.5 Recoverable Gas BCF 1.5 Recoverable Boe MMBOE…
Brazeau River multi-zone potential large OOIP Canamax holds 100% WI in 3.0 sections 4 Producing wells Canamax Lands Belly River Production 1,320 mmcf gas production (220 Deethree Lands Cardium Production boe/d) Mannville Production…
Retlaw area RETLAW FOCUS AREA MAP Producing net 300 boe/d (40% oil & liquids) 75% of production is operated Large land position of 51.1 gross sections (31.9 net) Good seismic coverage on Upside lands; 56km2 of 3D and 116 km of 2D…
June Dec 2014 Capital Budget 2014 Capital Budget - 20.5mm (1) Recomplete 4 wells Drill and complete 10 wells Tie-ins and infrastructure Land, production & royalty Flood 15.0mm purchases Drill, complete and equip 1 Wapiti…
Production + Cash Flow Summary Actual & Forecast 1,800 Estimated Production Growth Target Exit Production Target 65% Oil 1,600 & NGLs 1,400 June/July Production BOE/D Note: Brazeau River production was 1,200 shut in due to…
Exploitation program Low risk development Total Development Potential (1) Est Net Net Capital Net Capital Est Net Production Working Required Required Production IP (365) High Area Description Zone Interest Low Case High Case IP…
Experienced Management and Board MANAGEMENT BOARD OF DIRECTORS Brad Gabel President & CEO and Director Kevin Adair Executive Chairman President & Involved in numerous acquisitions and divestitures (private and CEO of Petrus Resources…
Investment highlights Little competition in microcap acquisition space management How we are has proven track record Top tier technical competence demonstrated by recent different optimization and recompletion programs Focused on…
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