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FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd.

Strategic Oil & Gas Ltd. · Mar 14, 2013 · 24 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. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 1
    Focus on Steen River March 2013
  2. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 2
    Corporate Profile (TSXV: SOG) Shares outstanding (MM) Basic/Fully Diluted 187/199 Ownership (%) Management Basic /Fully Diluted 1.3/4.4 Board Basic /Fully Diluted 26.1/26.4 Market Capitalization (MM) 1 225 Average Liquidity (12 m…
  3. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 3
    Organic Growth 6,000 10,000 9,000 5,000 Annualized Production BOE/MMShare 8,000 Corporate Production (BOED) Forest fires 7,000 4,000 2013 (19 Wells) 6,000 3,000 5,000 POU Acq Rainbow Pipeline 4,000 break 2,000…
  4. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 4
    2013 Updated Guidance Production Guidance 2013 Drilling Summary 14 6000 1H: 8 vertical /4 horizontal 12 Total Corporate Production Gas 2H: 3 vertical / 3 horizontal Well/Workover Count 5000 Vertical Horizontal Oil 10…
  5. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 5
    Operational Efficiencies 80 80 70 70 2011A 2012E 2013E Annualized Operating Cashflow (Million) Average production (boe/d) 948 2,150 4,500 Costs and Operating Netback (/BOE) 60 19 60 38 34 Exit production (boe/d) 1,600…
  6. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 6
    Greater Steen River Greater Steen River High Working Interest, Operated Multi-zone Light Oil Targets Keg River Reef Muskeg Stack Sulphur Point Established infrastructure (88 mmcfd gas Year round access and 4,500 bbl/d Oil…
  7. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 7
    Stacked Oil Production at Steen River Depth Zone Fluid Resource Opportunity (m) 25 sections 100 MMBBL OOIP Sulphur 4 HZ wells/sec 800 Oil 4 MMBBL/section Point 100 net 5 wells on production Locations 25 sections 200 MMBBL…
  8. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 8
    Steen River Keg River Overview 00/xx-22-122-21W5 8 MMbbl OOIP 0.5 MMbbl produced 16 MMbbl OOIP 1 MMbbl produced 92 Feet 10 MMbbl OOIP 2.5 MMbbl produced Conventional vertical wells (no fracs required, 10 day…
  9. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 9
    Steen River Keg River Economics 1,000 DCE&T (MM) 1.65 IP30/IP90 (boe/d ) 210/200 IP365 (boe/d) (%oil) 165 (94% oil) Reserves (Mboe) 265 Oil Production Rate (BOPD) 100 NPV BT10 (MM) 7.8 Payout (years) 0.4 Reserves F&D Cost…
  10. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 10
    Steen River Sulphur Point Overview 00/XX-18-122-22W5 SLPP DOL 27 Feet Northern Rim Well Tested: 30 boe/d 00/XX-27-122-21W5 Eastern Rim SLPP DOL Western Rim 1st Horizontal IP20: 150 boe/d Vertical Well: 50 boe/d 2nd…
  11. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 11
    Steen Sulphur Point Economics Horizontal Well Development - 4 Wells/Section 1000 DCE&T (MM)* 3.2 IP30/IP90 (boe/d ) 133/132 IP365 (boe/d) (%oil) 116 (88% oil) 100 Reserves (Mboe) 161 Oil Rate (BOPD) NPV BT10 (MM) 2.0 Payout…
  12. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 12
    Steen River Muskeg Stack Overview Muskeg Stack Potential Current MS Frac HZ Well Muskeg through Zama has 400+ ft of gross pay Naturally Fractured, plan to augment with multi-stage frac horizontal wells 8 MMBBL OOIP per…
  13. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 13
    Steen River Drilling Outlook 2013 Delineate remainder of the Northern Rim, Vertical wells to test Sulphur Point, Muskeg Stack and the Keg River; Horizontal wells to develop Muskeg Stack and Sulphur Point; Drill 18-20 Wells 2014+…
  14. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 14
    Steen River Upside Valuation Sulphur Muskeg Keg River Point Stack Capital (mm) 1.65 3.2 3.40 IP30 (bopd) 210 133 208 Reserves (Mboe) 265 161 214 F&D (/boe) 6.42 19.87 15.89 Rate of Return (%) 430% 42% 48% Recycle Ratio* 10.3 3.0…
  15. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 15
    Multi Year Drilling Inventory 600 unrisked net locations 350 net locations 250 net location 2013-2018 Maxhamish - Chinkeh Sand 2013-2015 150 net locations Amber - Muskwa (Duvernay) Steen - Keg River 1.45/Share* 50 net…
  16. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 16
    Management / Board MANAGEMENT TEAM Gurpreet Sawhney, MSc, MBA, PEng President & CEO Sean Hayes, PhD, PGeol COO Aaron Thompson, CA CFO Shelina Hirji, CMA VP Finance Barbara Joy VP Land Doug Wright, PEng, MBA VP Business…
  17. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 17
    Contact Information INDEPENDENT RESERVE ENGINEERS McDaniel & Associates Consultants Ltd. Gurpreet Sawhney AUDITORS Deloitte President and CEO LEGAL Norton Rose Canada LLP Dir: 403.767.2949 gsawhneysogoil.com BANKING National Bank of…
  18. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 18
    Appendix 19
  19. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 19
    Light Oil Asset Base Steen River (100% WI; operated) Primary Targets: Keg River Reef, Sulphur Point, Muskeg stack ; all are light oil (34 -37 API) Land base: 300,000 net acres Infrastructure established (38 mmcf/d gas and 6,500…
  20. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 20
    Steen Infrastructure Facility Integration Rail & Highway 21
  21. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 21
    Maxhamish Horizontal Wells 100 sections (38.5% WI in 68,000 acres) Non-Operated OOIP 500 MMbbls; 42 API oil Areal extensive sand with well control from 140+ wells, 25+ cores 6.5 miles Depth: 1600m, Thickness: 4 m Porosity: 16%;…
  22. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 22
    Maxhamish Horizontal Wells 160.0 DCE&T (MM) 4.0 140.0 IP30 / IP90 (boe/d ) 150/125 120.0 IP365 (boe/d) / (%oil) 90 (90% oil) Producing Day Rate (BOEPD) 100.0 Reserves (Mboe) 214 80.0 NPV BT10 (MM) (100% WI) 2.8 60.0 Payout…
  23. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 23
    Amber M a 36,800 net acres with two reservoirs which t u overly each other and both in oil generation r e window o il Jean-Marie Limestone F a Muskwa (Duvernay) Shale i r w a y Jean Marie Muskwa (Duvernay) Shale Play…
  24. FIRSTENERGY CAPITAL EAST COAST ENERGY CONFERENCE – Strategic Oil & Gas Ltd. – slide 24
    Strategic Hedges Start End Quantity Price 1-Jan-13 30-Jun-13 300 100.00 1-Jul-13 31-Dec-13 300 95.27 1-Jan-13 31-Dec-13 200 90.00 1-Feb-13 31-Dec-13 500 95.25 1-Feb-13 31-Dec-13 500 99.00 Annual Average 1,415 96.22 25

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