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CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc.

Crew Energy Inc. · Apr 16, 2012 · 23 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. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 1
    Corporate Presentation April 2012 Dale O. Shwed, President & CEO John G. Leach, Senior Vice President & CFO RESOURCE FOCUS OPPORTUNITY SUSTAINABILITY 1
  2. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 2
    Crew Energy: Focus on Oil Growth B.C. Alberta Sask. Land Holdings Horn River Basin Total acres (net) 998,494 1,560 sections Undeveloped acres (net) 707,038 1,105 sections Attractive Metrics Market capitalization 960 million…
  3. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 3
    Annual Production Growth 57% 35000 32,50033,500 60 30000 49% 50 25000 40% 22,452 40 36% Sold 1,700 boe/d for 20000 126 mm Total % Total 30 Boepd 25% Oil/NGL 15000 23% 23% 14,002 13,689 19% 11,617 17% 17% 20 10000…
  4. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 4
    Reserves Summary 137,409 140000 1.2 120000 1 Reserves per outstanding share 100000 0.8 Total Boepd 80000 74,691 65,741 0.6 59,124 60000 0.4 40000 33,498 21,116 0.2 20000 15,144 9,341 3,716 0 0 Dec. 31…
  5. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 5
    Princess, Alberta Oil Play 1122 Battery Inlet 28,000 b/d emulsion 78 Battery expansion 100% W.I. and operated Capacity 6,000 boe/d Inlet 65,000 b/d emulsion Capacity 6,500 bopd Drill 75+ wells in 2012 900 drilling locations West…
  6. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 6
    Princess, Production 12,000 Full Cycle Report Card Capital Efficiency 10,000 Capital 20082010 (mm) 164.5 20,483/boepd Land (mm) 40.4 Total (mm) 204.9 25,514/boepd 8,000 Production (boepd) F&D (incl. FDC) 10.66/boe…
  7. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 7
    Princess, Multi Zone Pekisko 25 Miles Hz 91 Hz 82 Vrt 49 On prod 7/1999 IP1 = 125 boe/d Vrt 141 On prod 1/2008 IP1 = 150 boe/d A Hz 1027 Hz 91 On prod 11/2008 On prod 9/2009 IP1 = 205 boe/d IP1 = 360 boe/d Vrt 114 Vrt…
  8. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 8
    Princess 2012 ROR vs. Recoverable Reserves 300 250 200 ROR (%) 150 100 50 GLJ Vertical 64 mboe GLJ Horizontal 135 mboe 0 0 20 40 60 80 100 120 140 Recoverable Reserves (mbbls) Pekisko FH Vertical Pekisko…
  9. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 9
    Graph of *HCPVI Recovery Factor for Various Formation in Alberta Bantry Pekisko Total RF (fraction) Bantry Pekisko L & M Pool L & M Pool Bakken Formation Mannville Formation Sawtooth Taber Upper Mannville **Case…
  10. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 10
    Princess Waterflood Initial Results Production Graph of the Princess Pekisko K Pool Princess Pekisko K Pool K Pool 50 5,400 02/627 45 4,800 Injection started in one well March, 2010 GOR (scf/bbl) ; Water Injection Rate…
  11. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 11
    Oil Rate vs Oil Recovery Factor for the Pekisko Oil Pools in the Princess Area Currently Approved and/or Proposed for Waterflooding 4,500 4,000 Waterflooding is projected to Waterflooding is projected to increase the…
  12. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 12
    Lloydminster, Heavy Oil Play 131/073204824W3 Lloydminster Cum Prod = 47 Mbbl Waseca Crew 100% W.I. Dec 2010 = 71.4 Mbbl Dulwich Heavy Oil Current Prod = 160 bbl/d (Sparky) Low Lake facility Forestbank Golden Lashburn…
  13. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 13
    Crew Heavy Oil Production Growth 8000 7000 6000 Production boe/d 5000 4000 3000 2000 1000 0 Jan/07 Jul/07 Jan/08 Jul/08 Jan/09 Jul/09 Jan/10 Jul/10 Jan/11 Jul/11 Jan/12 Pre 2007 2007 Wells (25 Wells) 2008…
  14. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 14
    Montney Land Position, B.C. 62 Miles Septimus Kobes Only 16 out of 56 sections have been assigned reserves (6% of DPIIP) Crew Hz A11J 6.0 mmcf/d Current production 6,100 boe/d of which 61 bbls ngls/mmcf 15% is condensate…
  15. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 15
    Montney Acreage Crew Acreage Net Acreage Net Undeveloped Greater Septimus 89,778 74,679 Kobes 22,397 20,756 Portage 16,153 14,744 Total 128,328 110,179 Montney Production March 2012 6,400 boepd ( 15% liquid) JV Partners…
  16. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 16
    Tower, Montney Oil Discovery Tower, Multi Zone Oil Discoveries 1850.00 1850.00 1850 MNTN ( -1124.7 ) MNTN 1850.0 (-1124.7)…
  17. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 17
    Septimus, Production History 7,000 6,000 5,000 Production (boepd) 4,000 3,000 2,000 1,000 0 Jan/08 Jul/08 Jan/09 Jul/09 Jan/10 Jul/10 Jan/11 Jul/11 Jan/12 2008 Wells (5) 2009 Wells (4) 2010 Wells (11) 2011…
  18. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 18
    Septimus, History 800 700 600 500 Production (boepd) 400 300 200 100 0 Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 2008 Wells (5) 2009 Wells (4) 2010 Wells (11) 2011 Wells…
  19. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 19
    Kobes Multi Zone Montney PPY Lwr MNTN test 24 mmcf/d 2,700 psi Shell Hz test TLM offsets PRQ offsets SU Hz offsets CREW KOBES DISCOVERY IP 2.4 mmcf/d Shell offset IP6 712 mcf/d PRQ PRQ/BNP liquids Upper Hz prod padsite rich…
  20. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 20
    Greater Wapiti, Liquids Rich Gas 00/022306406W6/0 Cardium Type Log Prod to date = 458 mmcf Current prod = 400 mcf/d Elmworth Wapiti Cardium HZ vs Vrt Production Cardium Oil Fairway Kakwa Crew Controlled Land…
  21. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 21
    2012 Forecast Cashflow from Operations (CF) 271 mm Hedge Contract Summary CF/diluted share 2.20 2012 Oil 6,500 bbl/d with an averaged Net E&D Capex 300 mm WTI floor price of CDN 92.60 per bbl Yearend debt 345 mm 2012 Oil Diff 3,500…
  22. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 22
    Corporate Information TSX Trading symbol CR Basic Shares (estimated) (mm) 120.0 Market capitalization 8.00/sh (mm) 960 2011 average trading volume per day (m) 870 Employee/Director ownership diluted 8% 23
  23. CIBC 2012 ENERGY CONFERENCE – Crew Energy Inc. – slide 23
    CONTACT INFORMATION Dale O. Shwed, President & CEO dale.shwedcrewenergy.com (403) 2318850 John G. Leach, Senior Vice President & CFO john.leachcrewenergy.com (403) 2318859 Rob J. Morgan, Senior Vice President & COO…

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