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ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc.

Crew Energy Inc. · Aug 12, 2013 · 24 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. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 1
    EnerCom The Oil and Gas Conference August, 2013 RESOURCE FOCUS OPPORTUNITY SUSTAINABILITY
  2. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 2
    Focus on Resource Capture and Growth B.C. Alberta Sask. Operating Strategy Resource Capture Target reservoirs with large hydrocarbon storage capacity Exploration Proof of concept Exploitation Commit capital to areas with growth…
  3. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 3
    Focused on Production and Reserves per Share Growth Production/share 245 % Reserves/share 678% Sold 840 35000 300 160000 152,976 1.4 boepd for 118 mm 245% 678% 29,500 137,274 30000 140000 1.2 27,963 28,000 250 120000…
  4. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 4
    Excellent Performance Metrics 25 Constant Improvement: 2.5 Consistent, Predictable Performance: Rolling 3 Year Average 2P FD&A Rolling 3 Year Average Recycle Ratio 2P FD&A 3 Year Average Recycle Ratio 2P FD&A Incl. FDC…
  5. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 5
    Highly Undervalued Premium/Discount to PAV*, Intermediate Producers EV/Production Ratio, Intermediate Producers 40 300,000 Premium/Discount to PAV Strip 30 250,000 EV/Boepd Current 20 200,000 Median: 15% 10 150,000…
  6. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 6
    2013 Forecast Cashflow from Operations (CF) 180 mm Hedging Summary Volume Period Derivative Reference Price CF/diluted share 1.48 Natural Gas Net E&D expenditure 220 mm 5,000 GJ/Day 2013 Collar AECO 2.65 x 3.50 Net A&D expenditure 43…
  7. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 7
    A World Class Montney Resource: 91 TCFE 84 Miles Crew Land 373 net sections of Montney resource PortageAltares/Flatrock Purchase 44.6 TCF natural gas resource Septimus/Groundbirch Purchase Attachie/Goose Purchase 7.8 billion…
  8. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 8
    Septimus: Most Economically Attractive Montney Region Land List Crew Land Industry Held Montney Land 1 4 Fort St. John Septimus Region 3 5 Septimus Region 2 Grand Prairie Montney Gas Fields 6 1.…
  9. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 9
    Septimus: Exceptional Economics Port Frac System Economics Lower Montney Devon 7-30 Cum: 2.7 Bcf Capex (mm) 4.7 Curr: 2.0 mmcf/d IP (boepd) 804 Reserves (mboe) 856 NPV10 (mm) 7.3 PIR 1.6 ROR Before Tax (%) 79 Crew Septimus…
  10. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 10
    Septimus Core Development 02/07-05-082-19W6/0 KB: 786.4 m RR: 2007-03-16 TD: 2118.0 m [TVD] FormTD: MNTN Mode: Susp Fluid: Gas CNRL SEPTIMUS A07-05-082-19 1950.00 1950.00 1950 ( -1163.6 ) MNTN MNTN Above Upper Above Upper…
  11. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 11
    Groundbirch: New Growth Area Talisman Hz license Strong vertical Montney producers in the immediate area IP 1.7 mmcf/d Excellent horizontal producers immediately offsetting lands Moderate - highly over pressured (14 kpa/m)…
  12. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 12
    Tower: Emerging Montney Oil Play 00/16-30-081-17W6/0 KB: 725.3 m RR: 2006-08-16 TD: 2748.0 m [TVD] FormTD: GOLT Mode: Stand Fluid: N/A CREW TOWER 16-30-81-17 Tower, Multi Zone Oil Discoveries 6 month rate Crew 13-8 (33%WI)…
  13. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 13
    Greater Wapiti Liquids Rich Gas 180 Cardium locations 90 bbls/mmcf liquids rich gas Elmworth 5 Falher locations 00/02-23-064-06W6/0 Cardium Type Log Prod to date = 560 mmcf Current prod = 209 mcf/d Wapiti Cardium Oil…
  14. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 14
    Lloydminster, Heavy Oil Play CREW 02/12-30-048-05W4 Colony 105 bbls/d Crew 100% W.I. CLNY Dulwich Heavy Oil Forestbank Low Lake facility Q4/2013 UMCL Waterflood Lloydminster Golden Lashburn Lake West SPRK Coal…
  15. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 15
    Princess, Alberta Oil Play 11-22 Battery Inlet 28,000 b/d emulsion K Pool Capacity 6,000 bopd 7-8 Battery Inlet 65,000 b/d emulsion CCC Pool Capacity 6,500 bopd Land Holdings Total (net acres) 315,700 Developed (net) 43,528 U Pool…
  16. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 16
    Princess Waterfloods: Promising Early Results Bantry Pekisko HH Pool Production Graph Princess Pekisko K Pool Production Graph Injected Volume bbl/d Produced Fluid bbl/d GOR scf/bbl Injected Volume bbl/d Produced Fluid bbl/d GOR…
  17. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 17
    Investment Attributes World class Montney resource Expanding focus on improving primary and secondary oil recovery Well positioned to take advantage of new and evolving technologies Uniquely leveraged to narrowing…
  18. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 18
    APPENDIX RESOURCE FOCUS OPPORTUNITY SUSTAINABILITY 19
  19. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 19
    Reserve Summary 2012 2011 % Proved plus probable (mmboe) 153 137 12% Per share (mboe/mmshares) 1,258 1,144 10% Proved (mmboe) 85 76 12% Per share (mboe/mmshares) 699 633 10% Reserve value 10% discount (2P - mm) 1,478 1,642 (10%)…
  20. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 20
    2012 Financial Review 2012 2011 P&NG sales (000s) 417,763 388,166 Cash flow (000s) 186,604 172,103 Cash flow per diluted share 1.54 1.67 Earnings (000s) 21,542 (130,162) Earnings per share 0.18 (1.28) Net Debt (000s) 291,356 323,128…
  21. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 21
    N.E.B.C. Montney Resource Evaluation Natural Gas Resource Categories (1)(2) Tcf Total Petroleum Initially In Place (TPIIP) 44.6 Discovered Petroleum Initially In Place (DPIIP) 15.8 Undiscovered Petroleum Initially In Place (UPIIP) 28.8…
  22. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 22
    Definitions of Oil and Gas Resources and Reserves Reserves are estimated remaining quantities of oil and natural gas and related substances anticipated to be recoverable from known accumulations, as of a given date, based on the…
  23. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 23
    Corporate Information TSX Trading symbol CR Basic shares (mm) 121.6 Market capitalization 6.00/sh (mm) 730 2012 Average trading volume per day (m) 961 Employee/Director ownership diluted 6% 25
  24. ENERCOM THE OIL AND GAS CONFERENCE – Crew Energy Inc. – slide 24
    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 Rob J. Morgan, Senior Vice President & COO…

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