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APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd

Boulder Energy Ltd · Apr 15, 2015 · 26 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 – Boulder Energy Ltd – slide 1
    Boulder Energy Ltd.
  2. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 2
    - / 100% of the value of DeeThree will be owned by Granite and Boulder following the Arrangement Each DeeThree Share is exchanged for 1/2 of a Boulder Share + 1/3 of a Granite Share GRANITE Oil Corp. As part of the Arrangement,…
  3. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 3
    Boulder Energy Ltd. Optimize Growth Belly River Play Sustainable growth, high netback, deep basin oil play 8000 boe/d light oil producer in the heart of Pembina Large well inventory Owned and operated infrastructure Top-tier…
  4. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 4
    Announced April 7, 2015; Plan of arrangement mailing mid-April; Shareholder Vote mid- May 2015 Each DTX shareholder will receive 0.5 shares of Boulder Energy Ltd. And 0.33 shares of Granite Oil Corp. per DTX share Tax-free rollover…
  5. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 5
    Large OOIP with High Quality Oil Capture Land De-risked Over Running Room Position Multiple Zones for Exploration Prolific Oil- & Development Producing Area Asset Capture Development Success Owned Improving Infrastructure Capital…
  6. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 6
    Large OOIP with High Quality Oil Capture Land De-risked Over Running Room Position Multiple Zones for Exploration Prolific Oil- & Development Producing Area Asset Capture Development Success Owned Improving Infrastructure Capital…
  7. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 7
    Boulder (Land base) Vermillion BonTerra Whitecap Peyto Tourmaline ARC Lightstream Sinopec Pennwest Perpetual Boulder Energy Ltd. 8 cardium pool outline
  8. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 8
    2013 SPROULE Discovered Oil in Place Un-Discovered Oil in UBR C RESOURCE STUDY* (mbbls) Place (mbbls) UBR C Mid 295,197 71,865 UBR D UBR C Lower 1,738 56,829 UBR D 129,688 81,268 UBR F 139,980 61,428 UBR F UBR G Upper 7,136…
  9. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 9
    2011/2012 2013 38,240 acres 72,480 acres 2014 INVENTORY 98,000 acres 400+ locations Boulder Energy Ltd. 10
  10. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 10
    BLDR Land Farm-in Land Gas Pipeline Oil Pipeline 36 MM has been invested in infrastructure since 2011 Boulder Energy Ltd. 11
  11. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 11
    Production 9,000 8,000 7,000 6,000 boe/d 5,000 4,000 3,000 2,000 1,000 - Q2 Q3 Q4 Q1 2012 Q2 Q3 Q4 Q1 2013 Q2 Q3 Q4 Q1 2014 Q2 Q3 Q4 Netbacks Oil and NGLs (bbl/d) Natural Gas (boe/d) Reserves 100 35,000 35 30,000 30…
  12. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 12
    Large OOIP with High Quality Oil Capture Land De-risked Over Running Room Position Multiple Zones for Exploration Prolific Oil- & Development Producing Area Asset Capture Development Success Owned Improving Infrastructure Capital…
  13. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 13
    HZs Drilled Potential HZ Horizon to Date Locations UBR C 28 90 UBR D 15 104 UBR F 2 75 UBR G 2 56 BBR A 1 26 BBR B 0 28 BBR C 8 37 BBR Marine 4 15 TOTAL 59 431 Boulder Energy Ltd. 14
  14. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 14
    DTD = 28 INV. = 90 UBR C UBR D DTD = 15 INV. = 104 DTD = 2 INV. = 75 UBR F BBR C DTD = 8 INV. = 37 DTD - Drilled to Date INV - Inventory of locations Boulder Energy Ltd. 15
  15. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 15
    600 2014 2013 2012 500 2011 Daily Production Rate (boe/d) 400 300 Per Well 2011 2012 2013 2014 200 Fracable 19 Pay (m) 708 1087 1807 1945 Percent in 100 Zone 76 70 69 78 Frac Stages 13 15 18 20 0 Tonnes Per…
  16. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 16
    50,000 300 Capital 45,000 Efficiency Capital Efficiency (/IP365 boe/d) IP365 250 40,000 41,000 Production (IP 365 Boe/d) 35,000 200 30,000 29,000 25,000 150 24,000 20,000 100 15,000 10,000 50 5,000…
  17. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 17
    (Spud after 01-Jan-2012) Cumm. Wells in Boulder Percentage Drilled Production Area Wells by Boulder 10,000 bbl 1059 42 4% 50,000 bbl 210 17 8% 75,000 bbl 41 8 20% 100,000 bbl 9 3 33% Boulder Energy Ltd. 18
  18. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 18
    Large OOIP with High Quality Oil Capture Land De-risked Over Running Room Position Multiple Zones for Exploration Prolific Oil- & Development Producing Area Asset Capture Development Success Owned Improving Infrastructure Capital…
  19. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 19
    14000 12000 10000 Production (boe/d) 8000 6000 4000 2000 0 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 est. Capex of 45 MM 2H 2015, 117 MM 2016, 139 MM 2017 Boulder Energy Ltd. 20
  20. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 20
    600 2014 Actual 2015 Type Curve Well Definitions 2016 Type Curve 500 2017 Type Curve Well Cost 4.5 MM 320 Mboe (80% oil & EUR NGLs) 400 Capital 24,500 /(boe/d) Production (Boe/d) Efficiency Royalty: Crown + 7.5% 300…
  21. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 21
    600 2014 Actual 500 2016 Type Curve Productin (Boe/d) 400 300 200 100 Economics based on 2016 projected type curve, not actual 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 ECONOMICS 50 USD/BBL…
  22. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 22
    47500 42500 37500 Cash Flow / Quarter 32500 27500 22500 80 17500 70 60 50 12500 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Boulder Energy Ltd. 23
  23. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 23
    Large OOIP with High Quality Oil Capture Land De-risked Over Running Room Position Multiple Zones for Exploration Prolific Oil- & Development Producing Area Asset Capture Development Success Owned Improving Infrastructure Capital…
  24. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 24
    Boulder Budget 2H 2015 2016 2017 WTI projection 50 60 70 Capex 45 MM 118 MM 139 MM Number of wells 9 23 26 Cash flow 33 MM 96 MM 137 MM Well cost 4.5 MM 4.5 MM 4.5 MM % of Capex - Drilling and Completion 93% 93% 89% Average…
  25. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 25
    Light oil resource play Wells drilled to date 8000 boe/d 59 horizontal 44 API 7 Belly River intervals Reserves Top Tier Metrics 74 PUDS at YE 2014 YoY improved type curves 33.0 mmboe booked reserves YE 2014 Increasing capital…
  26. APRIL 2015 CORPORATE PRESENTATION – Boulder Energy Ltd – slide 26
    TSX Symbol Common Shares Outstanding: Basic 45.3 MM Insider Holdings: Basic 16% COGPE 200 MM UCC 95 MM Credit Facility 175 MM Debt 128 MM Boulder Energy Ltd. 27

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