Skip to main content Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. Investor Presentation | Shale Experts
Loading...
Pm

Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd.

Advantage Oil & Gas Ltd. · Aug 16, 2011 · 25 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. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 1
    August 2011 August 2011 Page 1
  2. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 2
    Corporate Highlights Advantage now a pure play Montney natural gas resource company Advantage production 23,700 boe/d Q2 2011 Oil weighted assets sold to Longview Oil Corp. (AAV 63% ownership) Capex program focused on Montney…
  3. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 3
    Capital Budget to Grow Corporate Production 24% Capital Budget 216 million for 12 months ended June 30, 2012 Capital program focused on Montney Phase IV development at Glacier 200 million (93%) allocated to Glacier with 2 key…
  4. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 4
    Advantage Pure Play Natural Gas Focus Company Total Montney Unconventional June Exit Production : 23,400 boe/d June Exit Production : 15,700 boe/d Gas/Oil % : 100/0 Gas/Oil % : 94/6 Avg. W.I. : 93% Liquids Rich Multi-zone CBM +…
  5. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 5
    Glacier Development Driving Organic Production Growth & Lower Operating Costs Advantage Production Growth (1) Advantage Operating Costs boe/d /boe 138% Production Growth (1) Comprised of the three core areas in Advantage…
  6. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 6
    Glacier Growth Creates Low Corporate Operating Cost Structure /boe (1) 25.00 Advantage is one of the lowest cost 20.00 producers among the Canadian intermediate oil and gas sector 15.00 10.00 AAV 5.00 0.00…
  7. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 7
    Glacier Phase IV Development Program Project cycle July 2011 to June 2012 Capital program of 200 million is comprised of: Drill, complete & equip 30 Montney wells (100% W.I.) 176 million 11 wells to sustain 100 mmcf/d base 19 wells…
  8. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 8
    Glacier Location & Area Land Holders CNRL ARC PENGROWTH SHELL ARC CNRL BIRCHCLIFF Shale MURPHY Tupper W ENCANA SWAN AAV MURPHY GLACIER DEVON ENCANA CNRL AAV Glacier CNRL APACHE Silt Sand APACHE Deep Basin BC…
  9. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 9
    Glaciers Location Provides Technical & Economic Benefits BC AB Glacier is located in Alberta and is within the over-pressured and extremely thick Montney siltstone fairway with Upper, Middle & Lower Montney Potential A 100 km…
  10. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 10
    Significant Future Drilling Potential at Glacier Only 60 net wells drilled to date at Glacier. Drill Inventory could exceed 900 locations Current Inventory Net Wells of Future Drilling Drilled/Tested to Date Locations (1)…
  11. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 11
    Glacier - Drilling Results & Upside Potential Support Future Growth Phase III Upper Montney Test Rates mmcf/d(1) Glacier Production History Recent delineation drilling results confirm high quality reservoir across our land…
  12. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 12
    Glacier Improved Well Production Enhances Economics 32 recent wells with 9 fracs/well 1 year cumulative 0.9 bcf 12 initial wells with
  13. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 13
    Glacier Montney Well Economics 80% ROR at 5.00/mcf Cdn (1) Based on 5.8 million/well, IP30 5 mmcf/d, EUR 5 Bcf (2) Flat real pricing natural gas price escalated at 2% & costs escalated at 2% August 2011 Page 13
  14. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 14
    Glacier Gas Plant Expansion Glacier gas plant (100% W.I.) will be expanded to 140 mmcf/d capacity by Q2 2012 for 13 million Cost effective expansion due to optimization of existing equipment Expansion beyond 140 mmcf/d will…
  15. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 15
    Glacier Strong Operating Netbacks & Recycle Ratios Glacier Operating Netbacks at: 100 mmcf/d 140 mmcf/d Revenue (Cdn/mcf) 4.00(1) 4.00(1) Royalties ( Royalty Rate 5.0%) (0.20) (0.20) Operating Costs (0.30) (0.20) Operating…
  16. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 16
    Glacier Expansion to 140 MMCFD Increases Free Operating Cash Flow Annualized Operating 184 Million* Cash Flow 128 Million* 84 Million Free Operating Cash Flow 58 Million Capital required to 100 Million maintain…
  17. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 17
    Significant Debt Reduction Provides Balance Sheet Strength Advantages Q2 2011 Balance Sheet Strength: 807 million Total debt reduced by 69% since 2008 Credit facility is 37% drawn (103 million drawn on a 275 million facility) 63%…
  18. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 18
    Advantage Guidance 12 Months ending June 2012 Guidance H2 2011 H1 2012 12 Months Production Average (boe/d) 22,900 - 23,400 27,100 - 27,600 25,000 - 25,500 Royalty Rate (%) 10% - 12% 10% - 12% 10% - 12% Operating Costs (/boe) 6.50…
  19. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 19
    Advantage Summary Corporate production to grow 24% to 29,000 boe/d (H1 2012 exit) Glacier growth to 140 mmcf/d increases cash flow & improves cost structure Further evaluation of Lower & Middle Montney layers could add significant…
  20. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 20
    Appendix August 2011 Page 21
  21. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 21
    Glacier Thick Montney Siltstone Supports Higher Reserve Recoveries Unconventional Marcellus Shale Horn River Shale Barnett Shaley silts Haynesville Arc Silt Shell Birchcliff Most active drilling area in Glacier Montney…
  22. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 22
    Recent M&A Activity Recent M&A Activity: CNRL PENGROWTH ARC CNRL / Talisman ARC / Storm SHELL ARC Pengrowth / Monterey CNRL MURPHY BIRCHCLIFF Apache / BP Tupper W ENCANA Murphy / Cequence SWAN AAV MURPHY GLACIER DEVON…
  23. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 23
    Montney Horizontal Well Production Range and Type Curve Data includes Glacier, Swan, Tupper, Pouce Coupe South & Groundbirch The IP30 range and average type curve based on 320 wells with up to 48 months of production…
  24. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 24
    Top Quartile Initial Production Rates (30 day) at Glacier To date results at Glacier prove up a Glacier Production Growth to significant amount of acreage across the land 50 mmcfd in 20 months block and IPs are comparable to EnCana…
  25. Enercoms The Oil and Gas Conference – Advantage Oil & Gas Ltd. – slide 25
    Montney Reserves/Well Could Exceed Expectations due to Silt/Sand Reservoir Barnett Shale Horizontal vs Montney Horizontal Montney type well Swan (based on 50 wells that have the longest production history) Barnett Shale…

From the store

Browse maps, data & reports in the Shale Experts store