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APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc.

Traverse Energy, Inc. · Apr 20, 2015 · 19 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. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 1
    Corporate Presentation, April, 2015
  2. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 2
    Oil and Gas Advisory Any references in this presentation to production tests are useful in confirming the presence of hydrocarbons, however, such tests are not necessarily determinative of the production rates at which such wells will…
  3. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 3
    The Company Recapitalization of Firstland Energy Ltd. June, 2009 New management & name changed to Traverse Energy Ltd. June, 2009 11.5 million financing ( 0.80/share) completed March, 2014 70.5 million shares issued 75.1 million…
  4. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 4
    Corporate Strategy Growth through the drill bit (predominantly 100% working interest) Exploring for new oil pools that can be exploited by vertical and horizontal drilling Maintain a significant undeveloped land base (188,700 net…
  5. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 5
    Management Team Laurie Smith, P. Geol., President David Erickson, P. Geol., Vice President & COO Sharon Supple, CA, CFO History 25 years together as senior management team Petromet Resources Limited - drill bit growth 0 to…
  6. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 6
    Financial Highlights (in thousands except where stated) 2014 2013 2012 Petroleum & natural gas revenue 19,717 14,674 7,922 Net income (loss) (4,570) 3,245 (2,828) Funds from operations 11,556 9,914 5,588 * Net capital expenditures…
  7. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 7
    Annual Reserves, Production and Land As at December 31, 2014 2013 2012 Proved reserves (mBOE) 1,850.2 1,447.2 865.4 Proved + probable reserves (mBOE) 2,577.7 1,910.4 1,218.6 Production (BOE/d) 975 680 405 Finding & Development…
  8. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 8
    Commodity Pricing, Production and Operating Netbacks 2014 2013 2012 Average Sales Price Natural gas (/Mcf) 4.23 3.44 2.65 Oil and NGL (/bbl) 81.86 83.11 77.90 Average daily production (BOE) 975 680 405 Netback per BOE (/BOE)…
  9. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 9
    Areas of Activity Undeveloped Land Holdings (March 31, 2015) Gross Net Acres Acres West Central 3,200 3,200 East Central 165,200 164,800 Southern 20,300 20,100 188,700 188,100 Average Working Interest: 100%
  10. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 10
    East Central Alberta Area Land Holdings 123,500 Acres 2014 Activity 12 wells drilled at Coyote & Michichi Coyote (10 wells including 2 horizontal wells resulting in 9 oil &1 natural gas well) Michichi (2 wells resulting in 2…
  11. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 11
    Coyote Area Land Holdings 12,960 acres 2014 Activity Q4 production 610 BOE/day (84% oil & ngl) 10 wells (8 vertical & 2 horizontal) drilled in 2014 resulting in 9 oil wells & 1 natural gas well Battery expansion in Q3 (treater,…
  12. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 12
    Coyote Area Detail 2014 Activity 2014 production averaged 357 BOE/day (83% oil & NGLs) Drilled 7 vertical oil wells into the Coyote Ellerslie pool Drilled 2 Hz Ellerslie wells in September & October; wells commenced production mid-…
  13. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 13
    Michichi Area Land Holdings 25,000 acres 2014 Activity 3D seismic shot in March 1 natural gas well drilled Q1; on production in August, Q4 production 103 BOE/day (9% oil & ngl) 1 natural gas well drilled & completed in Q3:…
  14. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 14
    Hanna Area Land Holdings 45,000 acres 2014 Activity Shot and purchased additional 2D seismic 2015 Activity 1 existing well bore re-entered in Q1 resulting in a dry hole Evaluation of lands continuing through seismic and…
  15. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 15
    Turin Area Land Holdings 3,320 acres all rights 3,300 acres rights below Mannville 2014 Activity 8 producing wells 2014 production of 445 BOE/day (37 % oil and ngl) Battery daily capacity - 2,500 barrels fluid, 2.5 MMcf gas,…
  16. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 16
    Brazeau Area Royalty Property 6,400 acres 5% - 10% GORR on oil, 10% GORR on NGLs and natural gas Production 24 horizontal Cardium wells on production at Q4, 2014 (71 BOE/day averaging 46 % oil & ngl)
  17. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 17
    Summary 2014 program Seismic shot and purchased at Coyote, Michichi & Hanna 14 wells drilled resulting in 9 oil wells & 5 natural gas wells Q4 production 1,249 BOE/day (56% oil & ngl) 2014 production 975 BOE/day (53% oil & ngl) 2014…
  18. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 18
    Corporate Information Evaluation Engineers: Sproule Associates Ltd. Bank: Alberta Treasury Branch Auditor: KPMG LLP Solicitor: Borden Ladner Gervais LLP Transfer Agent: Valiant Trust Company Board of Directors Laurie Smith:…
  19. APRIL 2015 INVESTOR PRESENATION – Traverse Energy, Inc. – slide 19

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