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Balanced Growth Strategy – Forent Energy Ltd.

Forent Energy Ltd. · Mar 15, 2013 · 33 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. Balanced Growth Strategy – Forent Energy Ltd. – slide 1
    TSV:FEN B l Balanced d Growth G th Strategy St t March 15, 2013
  2. Balanced Growth Strategy – Forent Energy Ltd. – slide 2
    TSV:FEN Forward-Looking St t Statements t This presentation may include forward-looking statements including opinions, assumptions and estimates of future production production, reserves, reserves cash flow and earnings earnings.…
  3. Balanced Growth Strategy – Forent Energy Ltd. – slide 3
    TSV:FEN Forent o e t Energy e gy Today oday Cash Production 5.4MM 76 boe/d Debt Management 0.0MM ENGAGED Ownership 49% Management insiders & associated entity ownership Management, 3
  4. Balanced Growth Strategy – Forent Energy Ltd. – slide 4
    TSV:FEN Forent Energy: A Short, Sh t Medium M di and d Long-Term L T Strategy St t Short 2013 Long g Opportunistic acquisitions and 2014 and Beyond mergers Asset enhancement and exploitation Medium Alton, Nova Scotia…
  5. Balanced Growth Strategy – Forent Energy Ltd. – slide 5
    TSV:FEN A St Stronger o ge Management a age e t Team ea A strong team experienced in exploration, exploitation, asset evaluation and Richard Wade P.Eng. acquisitions President & CEO Geology Tim Laska P.Geol. MBA Ian Shook…
  6. Balanced Growth Strategy – Forent Energy Ltd. – slide 6
    TSV:FEN A St Stronger o ge Management a age e t Team ea Richard Wade Richard Wade P.Eng President & CEO Professional Engineer registered in Alberta and Saskatchewan Proven leadershipp through g roles in Western Gas Resources…
  7. Balanced Growth Strategy – Forent Energy Ltd. – slide 7
    TSV:FEN A St Stronger o ge Management a age e t Team ea Ian Shook Ian Shook B.Sc Geophysics y Vice President Exploration Exploration leadership; ability to evaluate asset quality and potential and generate prospect inventory…
  8. Balanced Growth Strategy – Forent Energy Ltd. – slide 8
    TSV:FEN A St Stronger o ge Management a age e t Team ea Tim Laska Tim Laska P.Geol. MBA Vice President Geology Professional Geologist registered in Alberta Over 25 years of experience in the Canadian oil Practical experience…
  9. Balanced Growth Strategy – Forent Energy Ltd. – slide 9
    TSV:FEN A St Stronger o ge Management a age e t Team ea Ryan Moody Ryan Moody CPA, CA Manager of Finance / Controller Chartered Accountant BComm - Finance Technical strengths in: Financial reporting Managing all of the public…
  10. Balanced Growth Strategy – Forent Energy Ltd. – slide 10
    TSV:FEN Directors: ecto s Diverse e se Expertise pe t se Experience Area of Expertise W. Brett Wilson 30 years, Chairman Prairie Merchant Corporation, Co-Founder Finance, equity, philanthropy, FirstEnergy Capital mergers &…
  11. Balanced Growth Strategy – Forent Energy Ltd. – slide 11
    TSV:FEN Short-Term S ot e St Strategy ategy EVALUATE ACQUIRE INVEST Evaluate company Acquire producing Invest cash flow or asset acquisitions assets, increase reserve into asset with production, base, cash and cash flow…
  12. Balanced Growth Strategy – Forent Energy Ltd. – slide 12
    TSV:FEN Short-Term Strategy: M k tO Market Opportunity t it In adversity lies opportunity S ll Sellers: B Buyers: Over-leveraged Cash-strapped natural companies gas weighted gas-weighted Cash in bank few disposing of assets…
  13. Balanced Growth Strategy – Forent Energy Ltd. – slide 13
    TSV:FEN Short-Term Strategy: A Acquisition i iti Criteria C it i Commodity Focus C Companiesi With Production LIGHT OIL ((crude oil p prices are < 300 bbl/d forecasted to be stable or rise) Sufficient cash flow to cover HEAVY…
  14. Balanced Growth Strategy – Forent Energy Ltd. – slide 14
    TSV:FEN Primary Acquisition Focus Alberta / Saskatchewan: Central to Southern portion of both provinces 14
  15. Balanced Growth Strategy – Forent Energy Ltd. – slide 15
    TSV:FEN Mervin, Saskatchewan Effective January y 1,, 2013 the pool p was sold for: 5,500,000 In mid-September mid September of 2012 sour water (water containing H2S) infiltrated the Mervin field as a result of oil and gas…
  16. Balanced Growth Strategy – Forent Energy Ltd. – slide 16
    TSV:FEN Mervin, Saskatchewan: R Recovery off F ll P+P Full Through the sale of the asset asset, the shareholders of Forent realized in excess of the proved plus probable value (P+P). Sproule NI 51-101 reserve evaluation allocated…
  17. Balanced Growth Strategy – Forent Energy Ltd. – slide 17
    TSV:FEN Core Areas of Exploration Montgomery Alton Block Montgomery: g y Alton NS: High impact High reward light oil & natural gas resource acreage exploration 17
  18. Balanced Growth Strategy – Forent Energy Ltd. – slide 18
    TSV:FEN Montgomery, Alberta : C Conventional ti l and d Unconventional U ti l Targets T t BlackShale Resources: Forent Energy: EXPERIENCED EXPERIENCED UNCONVENTIONAL CONVENTIONAL RESOURCE TEAM EXPLORATION TEAM Forent…
  19. Balanced Growth Strategy – Forent Energy Ltd. – slide 19
    TSV:FEN Montgomery, Alberta : T Two Strategies St t i Two separate, independent exploration strategies to i i probability maximize b bilit off success and d shareholder h h ld valuel 1. Unconventional/Resource Play Second White…
  20. Balanced Growth Strategy – Forent Energy Ltd. – slide 20
    TSV:FEN Montgomery, Alberta : U ti l/R Unconventional/Resource Pl Play 2WS The BlackShale Resources pilot well (01-16-12-29W4) was rig released December 20 20, 2012 2012. This vertical well was drilled through the base of the…
  21. Balanced Growth Strategy – Forent Energy Ltd. – slide 21
    TSV:FEN Montgomery, Alberta : Second Whit White S k Sh Specks l R Shale Resource Pl Play Evaluation Process Position Drilled vertical evaluation well in structurally quiet Forent has identified 9 sections in area: BlackShale…
  22. Balanced Growth Strategy – Forent Energy Ltd. – slide 22
    TSV:FEN Montgomery, Alberta : C ti lE Conventional l ti Exploration C Conventional ti l Exploration E l ti Targets T t Multi M lti Zone Z Potential P t ti l Additional Second White Specks p anomalies have been identified…
  23. Balanced Growth Strategy – Forent Energy Ltd. – slide 23
    TSV:FEN Montgomery, Alberta : F t dS Fractured d Whit Second White S k Pl Specks Play Conventional 2WS Production Acreage block offsets the most prolific 2WS producing well in Alberta (06-06-12-28W4M) The well was discovered…
  24. Balanced Growth Strategy – Forent Energy Ltd. – slide 24
    TSV:FEN Montgomery, Alberta : F t dS Fractured d Whit Second White S k A Specks l Analogue Oil IP 420 bbl/d 100/060601228W4M Second White Specks Production Profile 800.0 1600.0 Jet Pump test performed max oil rate 687…
  25. Balanced Growth Strategy – Forent Energy Ltd. – slide 25
    TSV:FEN Montgomery, Alberta : F t dS Fractured d Whit Second White S k A Specks l Analogue Economic analysis assumptions Assumptions were derived from ONLY the first 10 years of production from the 06-06 well(30% of total…
  26. Balanced Growth Strategy – Forent Energy Ltd. – slide 26
    TSV:FEN Montgomery, Alberta : M lti Zone Multi Z t ti l potential Conventional Multi Zone Exploration Six separate reservoir-type sands were encountered in the 06-06 well and are expected to have been deposited across Forents…
  27. Balanced Growth Strategy – Forent Energy Ltd. – slide 27
    TSV:FEN Alton Block Prince Edward Island New Brunswick B i k Our technical review, assessment and audit of the plays and anticipated Alton Block prospects underlying the Alton Block Sable Island indicate that all the parameters…
  28. Balanced Growth Strategy – Forent Energy Ltd. – slide 28
    TSV:FEN Alton Block : H d b Ri h Hydrocarbon-Rich Nova Scotia Two major hydrocarbon targets identified Minas Basin Petroliferous prone Gays River reefs occur in Shubenacadie sub- basin Horton shale 12 miles Forent Alton…
  29. Balanced Growth Strategy – Forent Energy Ltd. – slide 29
    TSV:FEN Gays River Exploration : P Process 2010 2012 2010-2012 Activity to date: Imaged the entire Shubinacadie sub-basin with Gravity Gradiometry (Gzz) Q4 2010 Interpreted Gzz with existing seismic and 2D Drilled 2 wells: Forent…
  30. Balanced Growth Strategy – Forent Energy Ltd. – slide 30
    TSV:FEN Alton Gays River Play: G Go F d Pl Forward Plan Current Understanding Reef prone sub-basin is variably charged with hydrocarbon concentrations - can be measured with surface geochemistry study Based on existing geophysical…
  31. Balanced Growth Strategy – Forent Energy Ltd. – slide 31
    TSV:FEN Forent Energy Limited : Ti Time to t Invest I t Strategy Summary Immediate Cash Flow Alberta Exploration Nova Scotia Alton shale h l gas Asset acquisition / strategic mergers Montgomery Risk resource ppotential…
  32. Balanced Growth Strategy – Forent Energy Ltd. – slide 32
    TSV:FEN Forent Corporate Data att March M h 15, 15 2013 Shares outstanding g Basic 165.5 MM Fully diluted 178.5 MM Management / insider / associated entity ownership 49% Market cap (0.07 per share March 14, 2013) 11.59 MM Current…
  33. Balanced Growth Strategy – Forent Energy Ltd. – slide 33
    TSV:FEN Principled Team. Focused Strategy. T Tremendous d Opportunities. O t iti Forent Richard Wade P.Eng Energy President, CEO Office: 403.262.9444 x 211 Contact E E-mail: il rwadeforentenergy.com d f t Forent Energy Ltd.…

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