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MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc.

Crew Energy Inc. · Mar 10, 2011 · 34 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 1
    CORPORATE PRESENTATION March 2011 Dale O. Shwed, President & CEO John G. Leach, Senior Vice President & CFO RESOURCE FOCUS OPPORTUNITY SUSTAINABILITY
  2. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 2
    Crew Energy: Focus on Resource Plays Horn River Basin Land holdings: (Muskwa, Evie) Total acres (net) 856,863 Undeveloped acres (net) 612,002 = 956 sections Greater Septimus (Montney) Locations: 1,400 Strategy Resource focus =…
  3. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 3
    Investment Merits Projected production growth/share of 27% in 2011 Oil leverage with drilling momentum 1,000 potential drilling locations 102 to be drilled in 2011 New oil plays to be tested in 2011 Natural gas upside 400 potential…
  4. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 4
    Crew Reserves (2010) 74.7 mm boe proved & probable (2P) 45.6 mm boe proved (1P) 14 yr reserve life index (2P) 8.5 yr reserve life index (1P) 11.03 per boe proven finding, development and acquisition cost including FDC 11.40 per…
  5. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 5
    Reserves Summary 80000 74,691 70000 65,741 59,124 60000 in R G hare A C s/s % e 50000 34 erv s Re mboe 40000 33,498 30000 21,116 20000 15,144 9,341 10000 3,716 0 Dec. 31 Dec. 31 Dec. 31 Dec. 31 Dec. 31 Dec. 31…
  6. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 6
    Annual Production Growth 20000 18,700 Sold 1,700 boe/d 18000 for 126 mm 16000 14,002 13,689 14000 in e A G har R C n/s 11,617 % io 12000 14 uct od boe/d 10000 Pr 8,696 8000 5,768 6000 4,093 4000 2,428 1,500…
  7. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 7
    Annual Funds Flow Growth 180000 10 160000 9 8 140000 7 120000 Crew Gas Price 6 100000 (/mcf) in M G R 5 80000 CA are % h 12 FF/s 4 60000 3 40000 2 20000 1 0 0 2004 2005 2006 2007 2008 2009 2010 2011…
  8. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 8
    l ay ce P ou r Re s isk o P ek
  9. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 9
    Princess, Alberta Production has increased from 2,200 boe/d in August 2008 to an exit 2010 production of 8,000 boe/d Very active 2011 program planned, drilling 119 net wells Over 220 prospective sections already identified with 22…
  10. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 10
    Princess, Alberta Oil Play West Tide Lake Area 2008-2011 Oil Wells Crew Oil Wells North Alderson Area Crew Exploration Wells Water Disposal Wells Crew Facilities Alderson Area Crew Proposed Pipeline Crew Operated…
  11. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 11
  12. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 12
  13. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 13
  14. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 14
    Princess - North Alderson 2008 Crew Controlled Lands Pekisko Producing Wells
  15. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 15
  16. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 16
  17. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 17
    Princess - Alderson 2008 Crew Controlled Lands Pekisko Producing Wells
  18. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 18
  19. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 19
  20. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 20
    Princess - South Alderson 2008 Crew Controlled Lands Pekisko Producing Wells
  21. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 21
  22. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 22
  23. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 23
  24. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 24
    Princess, Production Type Curve Economics: 250.0 60 MBOE 162 ROR (%) 314 NPV10 (mm) 3.6 F&D (/boe) 7.08 50 200.0 Recycle Ratio 5.1 Average Daily Rate (boe/d) Assumptions: GOR (scf/bbl) 900 40 Number of Wells 150.0 GLJ…
  25. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 25
    l a y c e P o u r R e s di um C a r
  26. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 26
    Cardium Activity, Pine Creek/Edson Area North Pine Creek Pine Creek/North Pine Creek 10-21 Cum prod 27 gross (27 net sections) 1,180 bbls and 87 HZ locations identified aband at 5 bopd Crew 4-21 (100% WI) location 42o API…
  27. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 27
    Pine Creek - Vertical Cardium Wells 75 50 Rate (boe/d) 25 0 Jan-81 Oct-83 Jul-86 Apr-89 Dec-91 Sep-94 Jun-97 Mar-00 Dec-02 Sep-05 Jun-08 Feb-11 12-6-55-17W5 11-1-55-18W5 Date
  28. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 28
    lay c e P o u r Re s tn ey M o n
  29. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 29
    Montney Resource Play Septimus 2.7 TCF Discovered Petroleum initially In Place (DPIIP) Only 13 out of 56 sections have been assigned reserves (6% of DPIIP) Current Production 4,600 boe/d of which 15% is condensate Plans to test…
  30. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 30
    Montney Land Position, B.C. Kobes Montney Penetrations Alliance Gas Facilities pipeline Crew Controlled Lands Crew D-57-H gas well Goose Alliance Portage Septimus Septimus meter station Crew HZ 3-12 Crew C-20-E…
  31. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 31
    Septimus, B.C. Production Economics 2.9 bcf/well MBOE 514 5,000 ROR (%) 40 18 NPV10 (mm) 3.5 4,500 16 F&D (/boe) 8.74 4,000 Recycle Ratio 2.5 14 Assumptions 3,500 Number of Wells 20 bbl/mmcf condi 12 Rate (mcf/d)…
  32. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 32
    2011 Forecast (March 1, 2011 Strip Prices) Funds flow (FF) 165 mm Commodity Hedges - 2011 FF / diluted share 1.90 2011 Natural Gas - 16,400 mcf/d with a Capex 260 mm fixed average price of 5.30 per mcf Year-end debt 166 mm 2011 Oil -…
  33. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 33
    Corporate Information TSX Trading symbol CR Basic Shares (mm) 85.5 Market capitalization 19.00 (mm) 1,625 2011 average trading volume per day (m) 847 Employee/Director ownership diluted 11%
  34. MARCH 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 34
    Contact Information Dale O. Shwed, President & CEO Dale.Shwedcrewenergy.com (403) 231-8850 John G. Leach, Senior Vice President & CFO John.Leachcrewenergy.com (403) 231-8859 RESOURCE FOCUS OPPORTUNITY SUSTAINABILITY

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