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THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd.

Deethree Exploration Ltd. · Aug 20, 2014 · 22 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. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 1
    EXECUTING THE PROGRAM AUGUST 2014
  2. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 2
    Market Facts July 2014 TSX Symbol: DTX OTCQX: DTHRF Common Shares Outstanding: Basic 88.8 MM Fully Diluted 96.0 MM Insider Holdings: * Basic: 8% Fully Diluted: 12% Market Capitalization: 957.2 MM (10.78 / share *Aug 12th, 2014…
  3. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 3
    2014 Budget 2013 Exit Production: 10,000 boe/d Oil & NGLs 80% Gas 20% Reserves (P+P): December 2013 39.4 MMboe Two Oil Plays: Alberta Bakken Belly River Guidance: 2014 CAPEX 270MM Alberta Bakken 18 Wells Belly River 28 Wells 2014…
  4. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 4
    Management Philosophy: Long Term Focus RESOURCE CAPTURE RESOURCE DELINEATION RESOURCE EXPLOITATION - Size and Scale - Positive Leading Edge Economics - Access to Capital - Access to Capital - Focus on Lower Unit Costs -…
  5. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 5
    Quarterly Light Oil Growth 12000 11.00 10000 9.00 Bakken Discovery Stock Price CAD 8000 7.00 1st Bakken Well Total Boe/d Brazeau Acquisition 6000 5.00 4000 3.00 2000 1.00 0 -1.00 Q4 Q1 Q2 Q3 Q4 Q1…
  6. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 6
    Reserve Growth Total Proved Plus Probable Reserves (YE 2011, 2012, 2013) with F&D and Operating Netback Trends 45,000 45 40,000 40 35,000 35 30,000 30 25,000 25 mboe /boe 20,000 20 15,000 15 10,000 10 5,000 5 0…
  7. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 7
    Focused Light Oil Asset Base BRAZEAU: Belly River 67,000 gross acres 57,000 Net Acres Average WI 81% Average WI in DTX unit lands - 97% LETHBRIDGE: Bakken & Sunburst 340,000 gross acres 336,000 net acres Average WI - 99%…
  8. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 8
    Brazeau - Belly River Belly River Light Oil Resource Light oil resource play 42- 44 API DTX Operated 90 producing vertical wells Large contiguous land block of over 80 sections Significant undeveloped OIP, with less than 2%…
  9. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 9
    Brazeau - Belly River: Multi Zone Potential Gamma Neutron/Density SP Resistivity Net Pay 12 Year Horizontal Drilling Inventory C Zone 120 11.6 m 15% porosity Total Well Locations338 100 D Zone 5.6 m 12% porosity F Zone 80…
  10. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 10
    Potential Exploitable Horizons per Section 171520 Effective Acreage 11
  11. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 11
    Brazeau - Belly River: 2013 Wells Brazeau Production Curve by Vintage 400 350 Type Curve Economics Well Cost: 4.5 MM Daily Production Rate BOE/D 300 Capital Efficiency: 25,000 per daily flowing boe First Year Decline: 70%…
  12. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 12
    Brazeau - Belly River: Organic Growth Profile 2012 Brazeau Quarterly Production 4 different zones tested 7,000 8 Wells = 1 Rig 6,000 2013 Play expansion in major 5,000 zones Delineation 15 Wells 4,000 2014 3,000 Move toward…
  13. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 13
    Southern Alberta Bakken Fairway Over 200 kms of pipeline infrastructure in place TORC Battery with 8000 bbl/d capacity Rail infrastructure available LEG 43 Bakken Hz wells drilled to date Wells drilled and tested at rates of…
  14. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 14
    Alberta Bakken Secondary Recovery Alberta Bakken Pilot Gas Injection EOR Scheme 2000 4000 Injected Gas Rate (mcf/d) 1800 3600 1600 3200 Oil Rate (bbl/d) 1400 2800 1200 2400 1000 2000 800 600 1600 1200 Target areas…
  15. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 15
    Southern Alberta Bakken 2013 Wells Bakken Production Curve by Vintage 400 Type Curve Economics 350 Well Cost: 3.5 MM 300 Capital Efficiency: 18,500 per daily flowing boe First Year Decline: 70% Daily Produciton Rate BBL/D…
  16. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 16
    Southern Alberta Bakken: Growth Profile Lethbridge Quarterly Production 4,500 = 1 Rig 4,000 3,500 3,000 2,500 bbl/d 2,000 1,500 1,000 500 0 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013…
  17. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 17
    Why Invest In DeeThree Expansive land base and large horizontal drilling inventory within the Alberta Bakken light oil play Large inventory of repeatable light oil drilling locations in the Brazeau Belly River play Development…
  18. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 18
    Meet The Team Martin Cheyne, President & Chief Executive Officer - Martin brings more than 30 years experience to DeeThree, having founded and led several companies including Dual Exploration Inc. and Devlan Exploration Inc. both of…
  19. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 19
    Analyst Coverage Chad Ellison Dundee 403.509.2663 Adam Gill CIBC 403.216.3405 Juan Jarrah TD 403.299.3494 Ray Kwan Macquarie 403.539.4355 Brian Milne National Bank 403.290.5625 Kurt Molnar Raymond James 403.221.0414 Aaron…
  20. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 20
    Capitalization to Date Date Type Shares Price Total November 2008 Private Placement - Common 4,937,500 2.00 9,875,000 Private Placement - Flow-through 1,875,000 2.40 4,500,000 April 2009 Private Placement - Flow-through 719,694 2.40…
  21. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 21
    DTX Production Hedging 100 100% 5.00 100% 95 90% 4.80 90% 90 80% 4.60 80% Hedge Prices (US/BBl) 85 70% 4.40 70% Hedge Prices (CGJ/d) Production Hedged (%) Production Hedged (%) 80 60% 4.20 60% 75 50% 4.00 50%…
  22. THE ENERCOM OIL & GAS CONFERENCE – Deethree Exploration Ltd. – slide 22
    Advisory Head Office 2200, 520 - 3rd Avenue S.W. Calgary, AB T2P 0R3 Tel: (403) 767-3060 Fax:(403) 263-9710 Website www.deethree.ca Auditors KPMG LLP Banker National Bank of Canada (Syndicate ATB Financial, The Bank of Nova…

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