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AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc.

Crew Energy Inc. · Aug 14, 2012 · 23 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. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 1
    Corporate Presentation August 2012 Dale O. Shwed, President & CEO John G. Leach, Senior Vice President & CFO RESOURCE FOCUS OPPORTUNITY SUSTAINABILITY 1
  2. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 2
    Crew Energy: Focus on Oil Growth B.C. Alberta Sask. Land Holdings Total acres (net) 983,660 1,537 sections Horn River Basin Undeveloped acres (net) 692,569 1,082 sections Attractive Metrics Estimated average 2012 production…
  3. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 3
    Liquids Weighted Production Growth 55% 30000 28,500 60 49% 25000 50 22,452 40% 20000 36% 40 Sold 1,700 % Total Oil/NGL boe/d for Total Boepd 126 mm 15000 14,002 13,689 30 25% 23% 23% 11,617 19% 17% 10000 17%…
  4. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 4
    Liquids Growth 15,700 16000 14000 12000 10,993 10000 Total Boepd 8000 6000 5,052 5,410 4000 2,851 2000 1,497 0 2007 2008 2009 2010 2011 2012 (Est.) Oil & NGL 5
  5. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 5
    Reserves Summary 137,409 140000 1.2 120000 1 Reserves per outstanding share 100000 0.8 Total Boepd 80000 74,691 65,741 0.6 59,124 60000 0.4 40000 33,498 21,116 0.2 20000 15,144 9,341 3,716 0 0 Dec. 31…
  6. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 6
    2012 Forecast 2012 Hedge Contract Summary Cashflow from Operations (CF) 185 mm 2012 Oil - 6,500 bbl/d with an averaged WTI floor CF/diluted share 1.52 price of CDN 94.04 per bbl Net E&D Capex 225 mm 2012 Oil Diff 2,000 bbl/d with an…
  7. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 7
    Comparison of North America Resource Plays *Source - Scotia Capital as at March 2012. Profit/Investment Ratio (PIR) defined as the present value of the future cash flows (after-tax, 9% discount rate) divided by the initial…
  8. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 8
    Princess, Alberta Oil Play 11-22 Battery Inlet 28,000 b/d emulsion Land Holdings Capacity 6,000 boe/d 7-8 Battery expansion Total (net acres) 293,155 Inlet 65,000 b/d emulsion West Tide Lake Area Capacity 6,500 bopd Developed…
  9. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 9
    10 Princess, Organic Production Growth Q2 2012 Est. Q1 2012 Q4 2011 Q3 2011 Q2 2011 Q1 2011 Q4 2010 Q3 2010 Q2 2010 Q1 2010 Q4 2009 Q3 2009 Q2 2009 Q1 2009 Q4 2008 Purchase Gentry Q3 2008 9,000 8,000…
  10. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 10
    Princess The Numbers Full Cycle Evaluation 2008-2011 Costs (Millions) Acquisition Cost 124.3 Exploration & Development 253.3 Infrastructure 113.6 Land 42.5 Future Development Capital 69.2 Total Capex 602.9 Operating Cash Flow…
  11. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 11
    Princess Waterflood Initial Results Production Graph of the Princess Pekisko K Pool 60 7,800 Princess Pekisko K Pool K Pool GOR (scf/bbl) ; Water Injection Rate (bbl/d) 02/6-27 Injection started in one well Oil Rate (bbl/d)…
  12. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 12
    Princess 2012 ROR vs. Recoverable Reserves 300 250 200 ROR (%) 150 100 50 GLJ Vertical 64 mboe GLJ Horizontal 135 mboe 0 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100 105 110 115 120 125 130 135…
  13. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 13
    Lloydminster, Heavy Oil Play 131/07-32-048-24W3 Lloydminster Cum Prod = 47 Mbbl Waseca Jan 2012 = 75.4 Mbbl (Sparky) Crew 100% W.I. Current Prod = 150 bbl/d (Sparky) Dulwich Heavy Oil facility Forestbank Low Lake Golden…
  14. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 14
    15 Heavy Oil Production Growth Q2 2012 Est. Q1 2012 Q4 2011 Q3 2011 Q2 2011 Q1 2011 Q4 2010 Q3 2010 Q2 2010 Q1 2010 Q4 2009 Q3 2009 Q2 2009 Q1 2009 Q4 2008 Q3 2008 Q2 2008 Q1 2008 Q4 2007 Q3 2007 Q2 2007 Q1…
  15. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 15
    Montney Land Position, B.C. 62 Miles Septimus Kobes Only 15 out of 56 sections have been assigned reserves (6.4% of DPIIP) Crew Hz A-11-J 6.0 mmcf/d Current production 6,100 boe/d of which 61 bbls ngls/mmcf 15% is condensate…
  16. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 16
    17 Septimus, Organic Production Growth Q2 2012 (Est.) Q1 2012 Q4 2011 Q3 2011 Q2 2011 Q1 2011 Q4 2010 Q3 2010 Q2 2010 Q1 2010 Q4 2009 Q3 2009 Q2 2009 Q1 2009 Q4 2008 7,000 6,000 5,000 4,000 3,000…
  17. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 17
    Montney Acreage Crew Acreage Net Acreage Net Undeveloped Greater Septimus 81,664 74,201 Kobes/Townsend 15,743 13,980 Portage/Moberly 22,407 21,108 Colt 3,536 3,536 Inga/Fireweed 7,398 3,499 Total 130,748 116,324 JV…
  18. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 18
    Tower, Montney Oil Discovery 00/16-30-081-17W6/0 KB: 725.3 m RR: 2006-08-16 TD: 2748.0 m [TVD] FormTD: GOLT Mode: Stand Fluid: N/A CREW TOWER 16-30-81-17 Tower, Multi Zone Oil Discoveries 1850.00 1850.00 1850 MNTN ( -1124.7…
  19. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 19
    Greater Wapiti, Liquids Rich Gas 00/02-23-064-06W6/0 Cardium Type Log Prod to date = 490 mmcf Current prod = 300 mcf/d Elmworth Wapiti Cardium HZ vs Vrt Production Cardium Oil Fairway Kakwa Crew 2012 Locations…
  20. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 20
    21 Deep Basin Production Growth Q2 2012 (Est.) Q1 2012 Q4 2011 Q3 2011 Q2 2011 Q1 2011 Q4 2010 Q3 2010 Q2 2010 Q1 2010 0 7000 6000 5000 4000 3000 2000 1000 Production (boepd)
  21. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 21
    Sum of the Parts 2012 Incremental Profit/ All Locations Capital Req'd BOE's F&D Investment NPV BTAX 10% Crew Undrilled Potential (millions) (mmboe) /boe Ratio (millions) Princess Oil 900 1,086 88 12.39 2.1 1,179 Princess Waterflood…
  22. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 22
    Corporate Information TSX Trading symbol CR Basic Shares (mm) 120.8 Market capitalization 7.00/sh (mm) 845 2012 average trading volume per day (m) 1,146 Employee/Director ownership diluted 8% 23
  23. AUGUST 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 23
    CONTACT INFORMATION Dale O. Shwed, President & CEO dale.shwedcrewenergy.com (403) 231-8850 John G. Leach, Senior Vice President & CFO john.leachcrewenergy.com (403) 231-8859 Rob J. Morgan, Senior Vice President & COO…

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