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NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd.

Deethree Exploration Ltd. · Nov 7, 2014 · 31 slides

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Slides

  1. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 1
    Executing the Program November 2014 w w w. d e e t h re e . c a
  2. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 2
    DTX OVERVIEW TSX:DTX w w w. d e e t h re e . c a 3
  3. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 3
    DTX Market Facts October 2014 TSX Symbol DTX OTCQX: DTHRF Common Shares Outstanding Basic 88.8 MM Fully Diluted 96.6 MM Insider Holdings Basic 8% Fully Diluted 12% Financial Highlights Market Capitalization: 569.2 MM (6.41/…
  4. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 4
    DTX 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 Brazeau Belly River Guidance 2014 CAPEX 290295 MM Alberta Bakken 18 Wells Brazeau Belly…
  5. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 5
    Quarterly Light Oil Growth: CFPS Growing with Production BOE/D AND CASH FLOW PER SHARE (CFPS) GROWTH 14,000 0.60 12,000 0.50 10,000 BAKKEN 0.40 Total Boe/d Production DISCOVERY CFPS (diluted) 8,000 FIRST BAKKEN…
  6. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 6
    Reserve Growth RESERVE GROWTH vs. F&D COSTS & OPERATING NETBACK 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 0 2011 2012 2013 Reserves (mboe) BOE (mboe)…
  7. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 7
    Focused Light Oil Asset Base BRAZEAU: Belly River PEACE RIVER AREA 116,800 gross acres 90,500 net acres Average WI 77% ALBERTA Average WI in DTX unit lands 97% LETHBRIDGE: Bakken & Sunburst 400,600 gross acres 396,300 net acres…
  8. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 8
    BRAZEAUBELLY RIVER TSX:DTX w w w. d e e t h re e . c a 9
  9. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 9
    Brazeau Belly River Land Base History 2011/2012 2013 38,240 acres 72,480 acres CURRENT INVENTORY FARMIN Crown + 15% ORR 116,800 acres 400+ locations BRAZEAU PRODUCTION exploration delineation development 8,000 7,000…
  10. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 10
    Brazeau Belly River Stacked Play Resource Study STACKED SANDS IN BRAZEAU BELLY RIVER BRAZEAU BELLY RIVER 2013 SPROULE RESOURCE STUDY* Discovered Oil in UnDiscovered Oil in UBR C Place (mbbls) Place (mbbls) UBR C Mid 295,197…
  11. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 11
    Brazeau Belly River Key Intervals UBR C UBR D DTD = 24 INV. = 90 THICK. = 326 m DTD = 10 INV. = 104 THICK. = 236 m UBR F BBR C DTD = 2 INV. = 75 THICK. = 533 m DTD = 8 INV. = 37 THICK. = 327 m TSX:DTX w w w. d e e t h re e…
  12. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 12
    Brazeau Case Study C Interval Production Growth 2012 2013 3 wells 8 wells Current Inventory 13 wells 100 + locations C WELL PRODUCTION GROWTH exploration delineation development 3,500 3,000 2,500 BOE/d 2,000…
  13. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 13
    Brazeau Belly River Economics TYPE WELL DEFINITION 600 BRAZEAU TYPE CURVE Daily Production Rate BOE/D Well Cost: 5.5 MM 500 EUR: 317 mBOE (80% oil & 400 NGLs) 2014 Capital Efficiency: 24,500 per 300 2013 daily flowing…
  14. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 14
    Brazeau Belly River Improved Capital Efficiencies D&C COSTS PER BOE/D IP365 vs. BOE/D IP365 50,000 250 45,000 Drilling & Completion Costs (/IP365 boe/d)* 40,000 220 boe/d 200 POTENTIAL COST 41,000 IMPROVEMENT WITH 35,000…
  15. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 15
    Brazeau Belly River Improved Rates 600 BRAZEAU TYPE CURVE Daily Production Rate BOE/D 500 13 2014 400 2013 15 2012 300 2011 200 Type Curve 18 100 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 19 19 18 20 21…
  16. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 16
    Brazeau Belly River Organic Growth Profile 2011 4 shortleg horizontal BRAZEAU QUARTERLY PRODUCTION wells 6,000 exploration delineation development 2012 4 different zones 5,000 tested 4,000 8 Wells 2013 bbl/d 3,000…
  17. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 17
    BrazeauBelly River Land Base: Infrastructure BRAZEAU INFRASTRUCTURE T48 DTX OIL BATTERY 12,000 BBL/D CAPACITY T47 KEYERA WEST PEMBINA GAS PLANT 125 mmcf/d CAPACITY < 50% capacity DTX 3% working interest T46 DTX…
  18. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 18
    Brazeau by the Numbers Wells drilled to date Light oil resource play 44 API 56 horizontal 7 Belly River intervals Large contiguous land block of over 100 sections Inventory DTXOperated 42 PUDS at 2013 Infrastructure capacity…
  19. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 19
    Southern Alberta Bakken DTX SOUTHERN DTX Lands ALBERTA BAKKEN 400,600 gross acres 396,300 net acres Production 4,879 boe/d 80.5% Oil and NGLs Exploration upside Exploration success to the west increases inventory and…
  20. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 20
    Alberta Bakken Production History T4 2011 T4 2012 T3 T3 T2 T2 T1 T1 R20 R19 R18 R17 R16 R15 R14W4 R20 R19 R18 R17 R16 R15 R14W4 T4 2013 T4 2014 T3 T3 T2 T2 Dee Three Freehold Land Crown Land T1 T1…
  21. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 21
    Alberta Bakken EOR Maximizing Recovery New 1,000 hp, 4 stage compressor installed at central battery, operational October 1 Ability to inject at high pressure greater than 3,500 psi and inject more than 3.5 mmscf/d of gas…
  22. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 22
    Alberta Bakken Infrastructure TRANS CANADA METER STATION 100% DTX SALES GAS LINE DTX OIL BATTERY 8,000 bbl/d DTX GAS 20,000 bbl storage PLANT TSX:DTX w w w. d e e t h re e . c a 24
  23. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 23
    Growing Bakken Play with 2014 Discovery Well New well connects the core pool to the lands to the west This first well demonstrates reservoir continuity and expands the play by 7 miles to the SW 2014 Discovery Well Goforward…
  24. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 24
    WHY INVEST TSX:DTX w w w. d e e t h re e . c a 26
  25. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 25
    Why Invest In DeeThree Continuing to increase the inventory on the Belly River play while moving towards full development with steadily improving well results. The Company has identified over 400 horizontal drilling locations on…
  26. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 26
    CORPORATE INFORMATION TSX:DTX w w w. d e e t h re e . c a 28
  27. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 27
    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 which…
  28. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 28
    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 Shailender…
  29. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 29
    Capitalization to Date Date Type Shares Price Total November 2008 Private Placement Common 4,937,500 2.00 9,875,000 Private Placement Flowthrough 1,875,000 2.40 4,500,000 April 2009 Private Placement Flowthrough 719,694 2.40…
  30. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 30
    DTX Production Hedging DTX PRODUCTION HEDGING 100.00 90% 96.66 97.11 96.50 95.62 95.00 80% 70% 90.00 88.61 88.61 88.61 88.61 60% 87.58 Hedge Prices (US/bbl)* 87.02 87.18 Production Hedged (%) 85.00 84.66…
  31. NOVEMBER 2014 CORPORATE PRESENTATION – Deethree Exploration Ltd. – slide 31
    Advisory Head Office 2200, 520 3rd Avenue S.W. Calgary, AB T2P 0R3 T 403.767.3060 F 403.263.9710 Website www.deethree.ca Auditors KPMG Banker National Bank of Canada Syndicate: ATB Financial, The Bank of Nova Scotia, The…

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