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MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp.

Spartan Energy Corp. · Mar 20, 2015 · 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. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 1
    SPARTAN ENERGY CORP. BUILDING SUSTAINABLE GROWTH MARCH 2015
  2. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 2
    Company Snapshot 3 Stock symbol SPE - TSX Market capitaliza6on ( March 2, 2015) 756 million Enterprise value ( March 2, 2015) 907 million Current produc6on (December 2014 avg.) 9,300 boe/d Oil & liquids weigh6ng 94% 2014…
  3. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 3
    Corporate Strategy 4 Spartans strategy is to acquire and develop high quality assets which will generate signicant free cash ow over a reasonable period of 6me. Focus is on sustainable growth and manageable declines. Maintain…
  4. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 4
    Light Oil With Geographic Focus 5 West Central High netback light oil Saskatchewan (produc6on maintenance 100 undrilled loca6ons and free cash ow) 1,700 boe/d Southeast Conven6onal Mississippian Saskatchewan light oil…
  5. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 5
    SE Sask Assets Key Areas 6 Mair/Redvers Crystal Hills Wordsworth Greater Queensdale Conven6onal Mississippian light oil Emerging Midale frac play Pinto Ownership and control of key producing…
  6. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 6
    SE Sask Top Tier Capital Eciencies 7 Open Hole Midale Frac Type Frobisher Type Well(1) Well (Freehold) (Freehold) IP30 (bopd) 120 93 EUR (Mboe) 78 (100% oil) 78 (96% oil) Capital (M) (2) 2,100 1,100 F&D (/boe) 26.92…
  7. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 7
    SE Sask Type Well Sensivies 8 250% 200% Rate of Return 150% 100% 50% 0% 50 60 70 80 90 Realized Price Cdn/bbl Notes: (1) Type wells are internally derived and are u6lized for internal budge6ng…
  8. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 8
    Dominant Land PosiZon Along Frobisher/Alida Fairway 9 Wordsworth/ Bualo Head Greater Queensdale Large OOIP; low recovery factor 500 net open hole development loca6ons Average well cost 1.1mm (DC&E) AMrac6ve…
  9. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 9
    Emerging Midale PotenZal 10 Midale Erosional Edge Pinto ElcoP / Florence Light oil High impact convenZonal asset which uZlizes unconvenZonal compleZon technology Large OOIP: 133 mmbbls OOIP at Pinto; current…
  10. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 10
    VIKING 11 Plenty T33 Kerrobert T32 T31 Dodsland Lucky Hills T30 Whiteside R24 R23 R22 R21 R20 R19 Spartan Viking Asset West Central Saskatchewan Light oil 42 API Working interest 93% OOIP 6 - 10…
  11. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 11
    2015 Budget Highlights 12 Spartans 2015 budget is structured to: deliver sustainable growth (28% growth in avg. prod. per share over 2014) manage corporate declines (est. at 29% for 2015) maintain the companys strong nancial…
  12. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 12
    2015 Budget Guidance 13 Capital 105 million Average produc6on (boe/d) 9,200 (94% oil & liquids) Exit produc6on (boe/d) 9,900 (94% oil & liquids) Cash ow (funds from opera6ons) 102 million Year-end net debt 89 million…
  13. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 13
    Commodity Price SensiZviZes 14 EsZmated Annual Average ProducZon Growth Spending 100% of Cash Flow 50% 1.5 Annual Average Per Share ProducZon Growth 40% 1.2 30% 0.9 20% 0.6 10% 0.3 0% 0.0 50 55 60…
  14. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 14
    Management 15 RICHARD (RICK) MCHARDY, B.Comm., LLB., - President & CEO 18+ years experience in M&A /securi6es maMers and oil and gas President, CEO Spartan Oil Corp., President, CEO Spartan Explora6on Ltd., President, Titan…
  15. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 15
    16 BOARD OF DIRECTORS BANKER Michael Stark Na6onal Bank Chairman Independent Businessman Don Archibald EVALUATION ENGINEERS Independent Businessman Sproule Associates Limited Reg Greenslade Independent Businessman REGISTRAR &…
  16. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 16
    Analyst Coverage 17 AltaCorp Capital Inc. (Thomas MaMhews) Clarus SecuriZes Inc. (Daniel Choi) Cormark SecuriZes Inc. (Amir Arif) Desjardins Capital Markets (Kristopher Zack) Dundee Capital Markets (Brian Kristjansen)…
  17. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 17
    18 Contact Informa6on Head Oce Suite 500, 850 2nd Street SW Calgary, Alberta T2P 0R8 Telephone: 403-355-8920 Facsimile: 403-355-2779 E-mail: infospartanenergy.ca www.spartanenergy.ca
  18. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 18
    APPENDIX SPARTAN ENERGY CORP. BUILDING SUSTAINABLE GROWTH MARCH 2015
  19. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 19
    Spartan Oil 269% ROI (18 months) Overview Price Event Chart Formed through the spin-out of certain Cardium assets and SE Saskatchewan assets from Spartan 6.00 June 1, 2011: Completion of Feb 21, 2012: Announcement of…
  20. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 20
    Spartan ExploraZon 500% ROI (36 months) Overview Price Event Chart 4.50 2,700,000 Spartan Explora6on was formed in Q1-2008 with a March 2008: 5.2MM non- April 1, 2011: Sold to Penn West for 228MM (6.00/share) brokered financing…
  21. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 21
    Type Well Economics 22 Open Hole Frobisher Type Well (Crown) Realized Price(1) WTI (2) IP30 EUR NPV BT10 IRR (BT) Payout (Cdn/bbl) (US/bbl) (bbl/d) (mboes) (M) (%) (Years) 50 51.28 93 78 741.4 45.6 1.8 60 60.33 93 78 1,283.3…
  22. MARCH 2015 INVESTOR PRESENTATION – Spartan Energy Corp. – slide 22
    Type Well Economics 23 Fracd Midale Type Well (Crown) Realized Price(1) WTI (2) IP30 EUR NPV BT10 IRR (BT) Payout (Cdn/bbl) (US/bbl) (bbl/d) (mbbls) (M) (%) (Years) 50 51.28 120 76 148.6 14.7 3.3 60 60.33 120 77 712.1 34.6 1.9…

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