7 KERROBERT & NORTH EUREKA R25 R24 R23 R22 R21W3 V V E E E E V V E V T34 E 4 3 2 1 6 5 E 4 3 E 2 1 6 5 E 4 3 2 1 6 5 4 3 2 1 6 5 4 T34 E E V E E V E V V E V E E E V E F E E J E V E VE V V J 33 34 35 36 31 32 33…
8 CROWN / FREEHOLD SPLIT R25 R24 R23 R22 R21W3 EE E A C A G EE A EE G UC 5 4 3 2 1 G 6 5 EE 4 3 G 2 1 6 5 4 J 3 G 2 1 6 5 4 3 2 1 6 5 J G EG E T34 U A EE D T34 VV ELE VV EEE E V F V A G G J G EE A VV V A A V VV…
9 CORPORATE OVERVIEW Basic shares outstanding (11% insider owership) 70.2 MM Options(1) 6.5 MM (2) Performance warrants 16.9 MM Fully diluted shares (33% insider ownership) 93.6 MM Net Debt (as at June 30, 2014) 61.1 MM Credit…
10 INCREASED GUIDANCE 1 2014 ORIGINAL 2014E 2014E2 Capital Program 80 Wells 100 Wells 136 Wells Drilling and completion capital 72.0 MM 91.1 MM 120.3 MM Waterflood capital 11.5 MM 18.0 MM 19.5 MM Acquisitions 2.5 MM 8.4 MM 10.3 MM…
11 WELL TYPE CURVES SPROULE TIER CLASSIFICATION R25 R24 R23 R22 R21W3 V V E E E E V V E V T34 E 4 3 2 1 6 5 E 4 3 E 2 1 6 5 E 4 3 2 1 6 5 4 3 2 1 6 5 4 T34 E E V E E E V V V E V E E E V E F E E J E V E VE V V J…
12 TOP 5 WATERFLOOD ANALOGIES (RECOVERY TO DATE) R26 R25 R24 R23 R22 R21 R20W3 K V K K 23 24 19 20 21 C 22 23 24 19 20 21 22 23 24 19 20 21 22 23 24 19 20 21 22 23 24 19 20 21 22 23 24 19 K K K K E G C J K K 14 13 18 17…
13 ORIGINAL WATERFLOOD ORIGINAL 22 WATERFLOOD INJECTION WELLS
14 PRIMARY VS WATERFLOOD Legacy Kerrobert Pool Waterflood Primary vs. Waterflood Vertical Well 3.5 section waterflood 100.0 82 wells in waterflood area prod bopd 10.0 60 producing wells with 22 injectors 13 years of…
15 PHASE 1 WATERFLOOD DETAIL R23 R22W3 I I E I E I E I E E E E E E E E E G E E E E E E E4 3 2 1 6 5 E E E E E E E E E E T33 E I E I E I E I E I E E E E E E E E E T33 E E E E E E E E E E E E E E E E E E E E E E V I E I E I…
18 PHASE 1 WATERFLOOD DETAIL R23W3 E E E E E E E I E I E E Beaumont Kerrobert WFLD HZ (section performance) T33 E E E T33 80 E E E E E E E E E Sec 28 E E E E E I E I E 70 E E 60 Sec 33 E E E J E S E S E S E E…
20 PHASE 2 WATERFLOOD DETAIL R23 R22W3 E E E E E E E E E E E E E E E E E E E E E E E E E E E V E I I I I E E E E E E E E E E E E I E I E I E I E E E E E E E E E E E E E E E E E V E E E V I I I I I I T33 E E E E T33…
21 2014 2016 DEVELOPMENT PLAN Horizontal Drilling Summary Prior to Sept. 2014 2014 & 2015 Total Inj Inj/Section Phase Date Sections % Pool (BBl/d) (BBl/d) Original 1986 1999 3.5 5% 250 70 Phase 1 Jul 13 to Aug 14 5 7% 1,200…
22 FULL DEVELOPMENT R25 R24 R23 R22 R21W3 6 5 4 3 2 1 6 5 4 3 2 1 6 5 4 3 E E T34 V T34 E E V V V E V E E E V E E E J E E VE V J V V 35 36 31 32 33 34 35 36 V 31 V 32 33 34 35 36 31 32 33 34 35 36 31 I V E E E E E V…
23 CORPORATE INFORMATION OFFICERS: DIRECTORS: Bob Chaisson President and Chief Executive Officer Ted Hanlon Chairman and Independent Director Boyd MacDonald Chief Operating Officer Bob Chaisson Beaumont Energy President & CEO…
24 APPENDIX
25 BEAUMONT SUMMARY Corporate Highlights Purchased Kerrobert Viking pool for 110 million in December 2012 Purchased North Eurkea Viking oil waterflood unit in February 2014 Combined 685 MMBbl OOIP in both pools with recovery…
26 THE KERROBERT POOL The Kerrobert Pool 77.5 sections of Viking land (73.6 net, 95% WI) 8.5 MMbbls OOIP per section Light, sweet 35 API crude MMbbls RF Estimated OOIP 625.6 Estimated recoverable reserves at 20% 125.1 20%…
27 DECEMBER 31, 2013 RESERVES UPDATE Zero waterflood reserves associated with December 31, 2013 Sproule reserve report Oil NGLs Nat Gas % Liquids MMbbl MMbbl Bcf MMBOE Proved Developed Producing 87% 4.4 0.4 4.3 5.5 Proved…
28 NORTH EUREKA VIKING OIL UNIT ACQUISITION R23 R22W3 E T32 T32 J J J J J J J G E E J J I I J J J I J I U U M SMS I I U M S M S EE U U M M SS I I U S S EE U S S J I E E J I I I I EE…