Skip to main content APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd | Shale Experts
Loading...
Pm

APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd

Gear Energy Ltd · Apr 13, 2015 · 21 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 CORPORATE PRESENTATION – Gear Energy Ltd – slide 1
    April 2015 TSX: GXE
  2. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 2
    7,001 boe/d 6,600 boe/d Production Q4 - 2014 Estimated sales production Q1 - 2015 (net of 600 bbl/d shut in due to pricing) 21 million Cash flow Q4 - 2014 71 / 76 million (0.29/share) Common shares - basic / f. diluted 32/boe…
  3. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 3
    Elk Point 98% 400 bbl/d Frenchmans Butte Others 900 boe/d Cold flow heavy oil 20 Inventory 77 Inventory (0% booked) (30% booked) 60+% Morgan Produced horizontally 600 bbl/d Celtic 12 Inventory 400 bbl/d 35 Inventory 410…
  4. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 4
    4 Year Cash Flow CAGR/DA share 76 million 4 Year Production CAGR/DA share 57% Cash flow 2014 17% (1.07/share) 6,030 boe/d Production 2014 80% Cash flow growth per DA share 2014/2013 23% Production growth per DA share…
  5. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 5
    Gear Realized oil price (WTI WCS Diff) x Exchange 5.50 Forward strip April 7, 2015 Global oversupply has created a supply demand imbalance and significantly reduced oil prices The forward market currently predicts a material…
  6. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 6
    Gear has adopted a conservative approach to its capital program for the first half of 2015 3 million Deferred Capital plan for H1 - 2015 Drilling program to H2 - 2015 pending improved prices and reduced service costs 20 million…
  7. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 7
    2014 Actual 2015 H1 Guidance Production 6,020 boe/d 6,400 boe/d Liquid weighting 97% 98% Royalty rate 18.5% 16 18% Operating costs 20.96/boe 17.00 19.00/boe G&A costs 3.35/boe 3.00 3.25/boe Interest 1.36/boe 1.30 1.50/boe Wells drilled…
  8. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 8
    Cash Flow per Share Estimates for first half of 2015 (with mid-range guidance) Heavy oil cash flow significantly levered to increased oil prices Cash flow for the first half of 2015 supported by hedges A 10/bbl increase in US WTI…
  9. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 9
    Gears historical growth was driven primarily through the development of the Wildmere Lloydminster play Future returns on capital are predicted to materially improve with the diversification into new core areas and the addition of…
  10. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 10
    Production Capital Capital IP 365 Efficiency Paradise Hill McLaren Hz. 995k 60 bbl/d 16,500/boe/d Wildmere Cummings quad lateral Hz. (un-lined) 1,450k 125 bbl/d 11,500/boe/d Morgan Lloydminster multi-lateral Hz. 1,650k 75 bbl/d…
  11. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 11
    30% of Gear Q4 production 99 Hz wells drilled to date 23% Royalty (Freehold) 19.00/boe Op costs Lloyd sand channel bbl/d Acquisition Lloyd C pool 2014 Drills Shale channel Highlights Future 2010 to 2013…
  12. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 12
    Polymer Injection Pilot Eight months of production outperformance to date, 4.5 times production relative to pre-flood level Water oil ratio is stable at approximately 4 times Quarter section horizontal pilot spaced at approximately 200m…
  13. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 13
    10% of Gear Q4 production 18 Hz wells drilled to date 5% Royalty (Crown) 8.00/boe Op costs bbl/d Shale Channel Cummings pool Pool discovery 2014 Drills Highlights Future 18 Horizontal wells drilled since pool…
  14. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 14
    17% of Gear Q4 production 22 Hz. wells and 20% Royalty (Crown V + Hz) 4 Vt. wells drilled to date 14.00/boe Op costs bbl/d Acquisition Cummings pool 2014 Drills Highlights Future Gear drills since acquisition Drilling…
  15. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 15
    8% of Gear production (Nov-Jan) 3 Net Hz. wells and 6% Royalty 2 Dual Hz. wells drilled to date 18.00/boe Op costs bbl/d Acquisition 2014 Drills Highlights Future Gear drills since acquisition Drilling inventory 6 gross…
  16. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 16
    Normalized Average Production per well (2 wells) McLaren Sand 2014 Drills Highlights Future 6.5 net Gear sections within pool With continued strong production and price 1.5 sections acquired with heavy oil assets, April 2014…
  17. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 17
    YE 2014 Reserves & Net Present Value of Future Revenues Discounted at 10% under forecasted prices and costs 312% Production replacement with 2014 P+P reserves additions 22% CAGR in P+P reserves since 2011 9% per DA share 24%…
  18. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 18
    Corporate Net Asset Value at December 31, 2014 using forecast prices (millions) 2014 2013 2012 2011 P+P NPV10 Reserves Value 314.1 274.0 193.1 165.3 Undeveloped Lands 13.4 7.5 12.1 9.8 Seismic 17.5 12.4 11.9 9.2 Income Tax Asset…
  19. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 19
    Research Analysts Altacorp Thomas Matthews Cormark Garett Ursu FirstEnergy Bob Fitzmartyn GMP Aaron Swanson Haywood Darrell Bishop Industrial Alliance Michael Charlston Paradigm Ken Lin Peters and Co Dale Lewko RBC Mark Friesen 21
  20. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 20
    Executive Experience Ingram Gillmore VP Engineering - ARC Energy Trust, Talisman President & CEO, Director Yvan Chretien VP Land - ARC Energy Trust, CNRL VP Land David Hwang Controller - ARC Energy Trust, EnCana VP Finance & CFO…
  21. APRIL 2015 CORPORATE PRESENTATION – Gear Energy Ltd – slide 21
    2600, 500 4th Avenue SW Calgary, AB CANADA T2P 2V6 T (403) 538-8435 F (403) 705-2660 www.gearenergy.com

From the store

Browse maps, data & reports in the Shale Experts store