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OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc.

Crew Energy Inc. · Oct 10, 2011 · 17 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. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 1
    Corporate Presentation October 2011 Dale O. Shwed, President & CEO John G. Leach, Senior Vice President & CFO RESOURCE FOCUS RESOURCE FOCUS OPPORTUNITY OPPORTUNITY SUSTAINABILITY SUSTAINABILITY
  2. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 2
    Crew Energy: Focus on Growth Land holdings Horn River Basin Total acres (net) 1,057,198 Undeveloped acres (net) 733,928 = 1,147 sections Liquids Rich Gas Locations/Recompletions 2,400 Resource Area Strategy Focus on plays with…
  3. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 3
    Highlights 30% production/share growth forecasted in 2011 Q2/11 production/share increased 27%. Funds Flow/share increased 38% 20% production/share growth forecasted in 2012 2011 record drilling of 160 wells Current production of…
  4. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 4
    Reserves Summary 117,691 120000 100000 80000 74,691 65,741 59,124 mboe 60000 40000 33,498 21,116 20000 15,144 9,341 3,716 0 Dec. 31 Dec. 31 Dec. 31 Dec. 31 Dec. 31 Dec. 31 Dec. 31 Dec. 31 Dec. 31 2003 2004 2005…
  5. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 5
    Annual Production Growth 32,500-34,500 35000 30000 Sold 1,700 boe/d 23,500 25000 for 126 mm 20000 boe/d 14,002 13,689 15000 11,617 8,696 10000 5,768 4,093 5000 2,428 1,500 0 Sept 03 2004 2005 2006 2007 2008 2009…
  6. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 6
    Princess, Alberta Oil Play Tilley 7-8 Battery Expansion Waterflood Inlet 65,000 b/d emulsion 11-22 Battery Inlet 28,000 b/d emulsion Capacity 6,500 bopd Drill 126 wells in 2011 Capacity 6,000 bopd 10-7 IP 920 boe/d (24 mo.) Prod…
  7. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 7
    Princess, Production 12,000 Full Cycle Report Card Capital Efficiency Capital 2008-2010 (MM) 164.5 20,483/boepd 10,000 Land (MM) 40.4 Total (MM) 204.9 25,514/boepd F&D (incl. FDC) 10.66/boe 8,000 Rate Boe/d 6,000 4,000…
  8. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 8
    Princess, Production Curves 800.0 80 Economics: Drill, Complete & Tie-in MBOE 163 700.0 ROR (%) 421 70 NPV10 (mm) 3.6 F&D (/boe) 7.98 600.0 60 Recycle Ratio 4.1 Average Daily Rate (boe/d) Assumptions: 500.0 50 Number…
  9. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 9
    Princess, PIR and ROR 4 900% Assumptions 3.72 GLJ July 2011 Price Deck 800% 3.5 GOR 500 SCF/bbl 800 OP. Costs 11.00/boe 2.80 700% 3 Price WTI - 2011 97.50 2.70 2012 - 2015 100.00 600% 2.5 Price WCS 2011 78.16 **ROR 500%…
  10. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 10
    Lloydminster, Heavy Oil Play R1W4 U R28 R27 R26 R25 R24 R23 R22 R21 R20W3 U U IE JE GJI I EK E JU I IG G I G UE E E JE JE UG J JE E J JE JE JE JI E JIG JIK ID JI JL IS JI F J IE I I C D CD G E E JE I G G JEE EJE JE IE EG JE IE E E…
  11. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 11
    Crew Heavy Oil Production Growth 8000 7000 6000 5000 Rate (boe/d) 4000 3000 2000 1000 0 1-Jan-07 1-Jul-07 1-Jan-08 1-Jul-08 1-Jan-09 1-Jul-09 1-Jan-10 1-Jul-10 1-Jan-11 1-Jul-11 Nov-11 Date Net Boe/d
  12. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 12
    Montney Land Position, B.C. Septimus Kobes 3.0 TCF Discovered Petroleum Initially In Place (DPIIP) 11% increase Alliance Only 13 out of 56 sections have been pipeline assigned reserves (6% of DPIIP) Current Production 6,100 boe/d of…
  13. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 13
    Kobes, Multi Zone Montney Shell Gundy Discovery CREW KOBES DISCOVERY 00/B-026-A/094-B-16/0 KB: 823.6 m TD: 2386.0 m [TVD] Mode: Abnd RR: 1979-05-21 FormTD: LDBL Fluid: N/A BRC HTR GUNDY B- 026-A/094-B- 16 IP 2.4 mmcf/d IP6…
  14. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 14
    Greater Wapiti, Liquids Rich Gas 00/02-23-064-06W6/0 Cardium Type Log ELMWORTH Cardium HZ vs VT Production WAPITI CARDIUM OIL FAIRWAY Crew Land Crew 2011 Locations 190 Cardium Locations KAKWA Crew Wells 5…
  15. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 15
    2011 Forecast Funds flow (FF) 175 mm Pro-forma Q2 Results FF / diluted share 1.68 Funds from operations 58 mm Funds from operations per share 0.48/sh Net E&D Capex 330 mm (119.6 mm shares) Year-end debt 291 mm Net debt (projected…
  16. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 16
    Corporate Information TSX Trading symbol CR Basic Shares (estimated) (mm) 119.6 Market capitalization 10.00 (mm) 1,196 2011 average trading volume per day (m) 850 Employee/Director ownership diluted 8%
  17. OCTOBER 2011 CORPORATE PRESENTATION – Crew Energy Inc. – slide 17
    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 RESOURCE FOCUS RESOURCE FOCUS OPPORTUNITY OPPORTUNITY…

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