Aggressively Building the Premier Intermediate Light Oil Producer June 14, 2011
Aggressive Growth + Positioning July 15, 2009 Recapitalized Glamis Resources Ltd. 2011 2009 Acquired Spearfish assets for 93 Five acquisitions totaling 535 million million plus 6.18 million shares and associated equity financing of…
Light Oil Drives Sustainable Growth + Insulates Business Plan Strong Cash Flow Short Payouts Aggressive Growth from Cash Flow Weather Oil Price Volatility Low Economic Threshold Capex Strong Balance Sheet High Net Back…
Legacy Management Objectives Cost-effective, per share growth in reserves, production and cash flow Acquire and exploit high quality, long life, light oil and natural gas reserves Explore for technology-driven resource play…
2011 Capital + Operating Budget 2011 Capital Budget (million) Total capital budget of 254 million 8 Targeting light oil 15 85% of capital directed to drilling and 15 completions Drill approximately 158 gross (112.0 net) wells…
Q1 2011 Results Production 12,854 Boe/d (81% oil + NGLs) Funds Generated by Operations 43.9 million Capital Expenditures 75.1 million Net Debt 256.2 million Operating Netback 43.45 per Boe 7
Focused + Light Oil Asset Base 8
Development Locations 984 Legacys inventory does not include Bakken GROSS downspacing, ND Spearfish, Turner Valley Cardium, Southern AB Bakken or Maxhamish 696.5 NET Focused, operated, high working Net Undeveloped Land interest…
Reserves Proforma gross proved + probable 86.9 MMBOE reserves are 83% light oil + NGLs Reserve Life Index 16.8 Legacy has an industry leading oil weighted proved + probable reserve life index YEARS Operating Net Back Light…
Corporate Profile TSX Trading Symbol LEG Common Shares 142.9 million Warrants 4.1 million Options 12.1 million Insiders own Basic 3.1% Fully Diluted 8.5% Equity Value 2.0 billion Average Liquidity (TSX plus ATM) 750,000…
SW Alberta Focused + Light Oil Asset Base R7 R2W5 R26 R21 R16W4 R7 R2W5M R26W4M T26 T26 T26 MOOSE CALGARY Focused, light oil, large OOIP and MOUNTAIN STRATHMORE reserves, high netback, low decline FARM-IN Main producing…
Turner Valley, Alberta 40o API light oil, liquids-rich solution and non- R4 R2W5M associated natural gas R3 Operated high working interests, with extensive UNIT 6 5.1% T21 infrastructure, batteries and natural gas plant…
Turner Valley, AB Uphole Potential R4 R3 R2W5M Multiple uphole natural gas and oil zones T21 Mostly sweet natural gas and oil Predominantly 100% W.I. CARDIUM 2011 CARDIUM Cardium potential untested over field area PROD: 19…
Southern Alberta Bakken Play R25 R20W4M CRESCENT POINT, NEXEN DRILLING ACTIVITY Alberta Bakken Play T10 6-6-12-28W4M 77 wells licensed and/or drilled from late 2009 2WS VERTICAL WELL INDRA BLOOD 10-30 on 100 mile long play…
Williston Basin Focused + Light Oil Asset Base R17 R12 R7 R2W2 R30 R25 R20W1 T21 T21 SASKATCHEWAN Dominant position in key SOUTHEAST MANITOBA resource plays in Taylorton and SASKATCHEWAN Frys/Antler T16 T16 Strategic…
Bakken/Torquay - Light Oil Resource Plays R11 R9 R7 R5 R3 R1W2 R33 R31 R29W1 R9 R5 R1W2M R30W1M T15 T15 Three distinct light oil resource play areas T13 T13 T13 Viewfield (Stoughton/ Heward/Star Valley) Bakken…
Taylorton, Sask. - Bakken Land Legacy 3-D Seismic R6 R5W2M Bakken Penetration Canada: 28,116 gross (22,000 net) BP GAS AND acres (avg. W.I. 77.3%) NGL TIE-IN T2 U.S: 4,040 gross (1,010 net) acres (avg. W.I. 25%) SASKATCHEWAN…
Stoughton/Heward, Sask. Bakken R10 R9 R8W2M Operated, high working interest 114 gross (64 net) development horizontal locations T10 Development to four wells per section Step-out drilling Improved performance from recent…
Frys/Antler, Sask. Torquay/Souris Valley R31 R30 R29W1M Torquay Significant light oil (40o API) resource GLJ Consultants Ltd. estimates from mapping show a gross lease resource of T9 91.9 MMSTB of discovered PIIP (1) Majority…
Mississippian - Light Oil Conventional Plays Mississippian Light Oil Conventional Plays R15 R13 R11 R9 R7 R5 R3 R1W2 R33 R31 R29 T17 R13 R9 R5 R1W2M R30W1M T15 Several key focus areas for light oil (35 40o API) T13 T13 Key…
Pierson/Bottineau - Spearfish Light Oil Resource Play R29 R28 R27 R26 R25 R24 R23 R22W1M Spearfish fairway between Pierson and T3 Waskada and extended into Bottineau PIERSON OOIP 130MMSTB County, North Dakota Large oil-in-place…
Maxhamish, BC Chinkeh Light Oil Resource Play Operated 61.5% W.I. in 69,440 acres of contiguous land PROPOSED Chinkeh Formation 40o API light sweet oil BATTERY SITE resource play LEGACY HORIZONTAL WELLS 1,600 m depth Aerially…
Right Team + Right Assets + Right Time Experienced management team with a proven record of aggressively growing oil and natural gas companies on a cost-effective per share basis Highly focused, light oil production and undeveloped…
Independent Reserve Engineers Contact Information Sproule Associates Limited Bank Syndicate 3900, Bow Valley Square II BMO Capital Markets 205 5th Avenue SW National Bank Calgary, Alberta T2P 2V7 The Bank of Nova Scotia Tel:…
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