Corporate Presentation April 2013 0 David J. Wilson, President & Chief Executive Officer Sadiq H. Lalani, Vice President, Finance & Chief Financial Officer
Why Invest in Kelt 2 For investors who want to be exposed to a high growth oil and gas exploration and development business plan - TRACK RECORD: the Kelt management team has a strong track record of building shareholder value, most…
Common Share Information 3 Stock Exchange listing TSX Trading symbol KEL Market capitalization ( Apr/10/13 ) 570 million Mar/1 Apr/10, 2013 trading range 5.30 - 7.45 Common shares issued 84.1 million Restricted share units 1.5…
Capital Expenditure Program 4 ( millions ) Pre-Feb/26/13 2013 Budget Total Drilling & Completions 14.7 40.0 54.7 Facilities, Equipment & 2.0 9.0 11.0 Pipeline Land & Seismic 8.3 3.0 11.3 Total Capital Expenditures 25.0 52.0 77.0
Drilling Program 5 Gross Wells Net Wells D&C ( MM ) Inga 8.0 3.20 22.7 Karr 6.0 5.75 32.0 Total 14.0 8.95 54.7
Production Outlook 6 2013 ( Feb/26 Dec/31 ) % Oil & NGLs ( bbls/d ) 840 22% Gas ( mcf/d ) 17,760 78% Combined ( BOE/d ) 3,800 100%
Commodity Prices 7 ( CA , unless otherwise specified ) 2013 ( Feb/26 Dec/31 ) WTI Oil ( USD/bbl ) US 89.00 NYMEX Gas ( USD/mmbtu ) US 4.15 AECO Gas ( CAD/GJ ) 3.50 Exchange Rate ( USD/CAD ) US 0.9900 Kelt Realized Oil/NGLs Price ( /bbl…
Netbacks Before giving effect to the private placement of 17 million shares 8 ( / BOE ) 2013 ( Feb/26 Dec/31 ) Oil & gas revenue 35.93 Royalties ( % of revenue ) ( 15.2% ) Production & transportation ( 8.88 ) Operating netback 21.58…
Financial Outlook Before giving effect to the private placement of 17 million shares 9 2013 ( Feb/26 Dec/31 ) Oil & gas revenue ( MM ) 42.1 Funds from operations ( MM ) 23.6 Per share diluted ( /share ) 0.28 Cash, net of working…
Core Areas 10 British Columbia Alberta Inga: Inga Condensate/Liquids-Rich Natural Gas development Karr Karr: Grande Cache Light Oil exploration Edmonton Grande Cache: Natural Gas development Calgary
Land Holdings As at March 8, 2013 11 Gross Acres Net Acres Average WI Net Sections Developed 65,550 35,831 55% 56.0 Undeveloped 130,153 70,084 54% 109.5 Total 195,703 105,915 54% 165.5 Developed and Undeveloped Montney and Doig rights…
Reserves As at September 30, 2012 12 Oil NGLs Gas Combined ( mbbls ) ( mbbls ) ( mmcf ) ( mBOE ) Proved Developed Producing 204 184 32,757 5,848 Proved Developed Non-producing 12 9 1,136 210 Proved Undeveloped 678 329 7,773 2,303…
Grande Cache 13 Land 106,560 acres ( gross ) 57,534 acres ( net ) Operations Kelt has identified lower risk development at Grande Cache that will be implemented in a higher natural gas price environment. Kelt Lands
Inga 14 Land 66,743 acres ( gross ) 26,301 acres ( net ) Operations Kelt expects to drill 8 gross ( 3.2 net ) wells in 2013. Expansion of company owned infrastructure is expected to be completed by summer 2013. Kelt Lands
Karr 15 Land 4-26 Vertical 22,400 acres ( gross ) Drilled 22,080 acres ( net ) [Does not include option lands] 16-8 HZ Operations Drilling (75%) 16-28 HZ Karr is an early stage Producing 13-35 HZ exploration prospect Tested…
Future Considerations 16 - STRONG BALANCE SHEET: upon completion of the recently announced equity private placement, Kelt will have the financial flexibility to pursue new opportunities as they arise. - NATURAL GAS PRICE RECOVERY:…
Management 17 David J. Wilson, President & CEO Sadiq H. Lalani, Vice President, Finance & CFO Douglas J. Errico, Vice President, Land Alan G. Franks, Vice President, Production Douglas O. MacArthur, Vice President, Operations Patrick…
Board of Directors 18 Robert J. Dales Compensation (Chair), Nominating, Audit, Reserves William C. Guinan Chairman, Nominating (Chair), EHS Eldon A. McIntyre Reserves (Chair), Nominating, Audit, Compensation Neil G. Sinclair Audit…
Corporate Presentation April 201321 Suite 600, 321 6th Avenue SW Calgary, Alberta, Canada T2P 3H3
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