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Investor Presentation – Spyglass Resources Corp.

Spyglass Resources Corp. · Dec 21, 2012 · 16 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. Investor Presentation – Spyglass Resources Corp. – slide 1
    Combination of pace, avenex and charger to form a dividend paying corporation December 2012
  2. Investor Presentation – Spyglass Resources Corp. – slide 2
    Creating a balanced dividend-paying producer The combination of Pace (PCE), AvenEx (AVF), and Charger (CHX) will create a cash distributing producer with a balanced commodity portfolio Spyglass will implement a 0.03 monthly cash…
  3. Investor Presentation – Spyglass Resources Corp. – slide 3
    Strategic Rationale Low decline light & medium oil assets Size and efficient operating scale Undervalued as a growth entity Path Forward Diverse asset base Dividend paying corp. with an attractive total return proposition…
  4. Investor Presentation – Spyglass Resources Corp. – slide 4
    Transaction overview The combination of AvenEx, Charger and Pace will create a cash distributing producer with a balanced commodity portfolio Transaction Spyglass will implement a 0.03 monthly cash dividend at closing Overview…
  5. Investor Presentation – Spyglass Resources Corp. – slide 5
    Management TEAM 30+ years of experience in the oil and natural gas sector Recently as President & CEO and Director of Provident Energy Trust Tom Buchanan Co-founder, President & CEO of Founders Energy Ltd., which was converted to CEO…
  6. Investor Presentation – Spyglass Resources Corp. – slide 6
    BOARD OF DIRECTORS Randy Findley Director of Canadian Helicopters Group Inc., Pembina Pipeline Corporation, Superior Independent Chair Plus Corp., Whitemud Resources Inc., Compton Petroleum Corporation, EllisDon - Charger - Inc.,…
  7. Investor Presentation – Spyglass Resources Corp. – slide 7
    Key attributes & sustainability features Pro Forma Operational Current Production [boe/d] 18,000 % Oil & Liquids [%] 45% (1) Total Proved Reserves [MMboe] 57.5 (1) Total Proved plus Probable Reserves [MMboe] 93.9 Undeveloped Land…
  8. Investor Presentation – Spyglass Resources Corp. – slide 8
    Key attributes & sustainable features (Contd) 12-Month Outlook (1)(2) 12-Month Production Forecast [boe/d] 18,000 % Oil & Liquids [%] 52% Operating Netback [/boe] 21 - 23 (3) 12-Month Cash Flow Forecast [MM] 115 - 130 Capital…
  9. Investor Presentation – Spyglass Resources Corp. – slide 9
    Peer Benchmarking all-in payout 2013E All-In Payout Ratio (1)(2)(3)(4) 180% 160% 140% Average: 124% 2013E All-In Payout Ratio (%) 120% 100% 80% 60% 40% 20% 0% A B C D E SPY F G H Dividends Capex…
  10. Investor Presentation – Spyglass Resources Corp. – slide 10
    Peer Benchmarking capital efficiency & decline rates Capital Efficiency (1)(2)(3) Decline Rate (1)(2)(3) 50,000 35% 45,000 30% 40,000 Average: 25% 35,000 25% Capital Efficiency ( / boe/d) Average: 30,392 30,000…
  11. Investor Presentation – Spyglass Resources Corp. – slide 11
    Peer Benchmarking current yield Current Yield (1)(2) 12% 10% Average: 9.0% 8% Yield (MRA) 6% 4% 2% 0% SPY C G B D A E F H Further value potential through yield compression (1) Based on current…
  12. Investor Presentation – Spyglass Resources Corp. – slide 12
    Light Oil focus areas 80 - 90 Million Capital Program Legend Proposed Capex Area Allocation Halkirk-Provost Viking 30% Pace Southern Alberta Multiple Zones (Pekisko and Other) Randell Slave Point and Gilwood 20% 20% Pembina…
  13. Investor Presentation – Spyglass Resources Corp. – slide 13
    Pro Forma Reserves Summary as at October 31, 2012 (1) Total Proved plus Probable Reserves by Category Pro Forma Selected Reserves Information (1) Nat. Gas NGL Total (2) Oil (Mbbl) (MMcf) (Mbbl) (Mboe) Proved Developed Producing…
  14. Investor Presentation – Spyglass Resources Corp. – slide 14
    Pro forma Hedging Summary Commodity Term Type Volume Price [Floor] [Ceiling] Oil (C WTI) 2013 Fiscal Call (Sold) 100 bbl/d 88.25 Oil (US WTI) 2013 Fiscal Call (Sold) 200 bbl/d 72.50 Oil (US WTI) Jan - Jul 2013 Swap 150 bbl/d 101.05 -…
  15. Investor Presentation – Spyglass Resources Corp. – slide 15
    Investment Highlights Creation of a Balanced, Dividend-Paying Producer 0.03 Monthly Cash Dividend Implemented Upon Closing Management Team With a Track Record of Creating Shareholder Value Sustainable Dividend-Paying Model Target…
  16. Investor Presentation – Spyglass Resources Corp. – slide 16
    Contact information Suite 1700, 250 2nd Ave. SW Suite 300, 808 1st St. SW Suite 2500, 500 4th Ave. SW Calgary, AB T2P 0C1 Calgary, AB T2P 1M9 Calgary, AB T2P 2V6 Tel: (403) 303-8500 Tel: (403) 237-9949 Tel: (403) 457-1612 Fax:…

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