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SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc.

Crew Energy Inc. · Sep 11, 2012 · 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. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 1
    Corporate Presentation September 2012 Dale O. Shwed, President & CEO John G. Leach, Senior Vice President & CFO RESOURCE FOCUS OPPORTUNITY SUSTAINABILITY 1
  2. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 2
    Crew Energy: Focus on Oil Growth B.C. Alberta Sask. Company Highlights Horn River Basin 2012 forecasted average production of 28,000-29,000 boepd 137.4 mm BOE 2P reserves 984,000 net acres of land (70% undeveloped)…
  3. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 3
    Operating Strategy Committed to rate of return driven capital program Improving netbacks as liquids production grows Long term consistent per share growth Capital discipline Maintain strong financial position 1.8x Q2 CF…
  4. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 4
    Shifting Capital to Liquids Plays WHY Recognized in 2007 the shale gas boom was here Every gas focused company has a TCF of gas Continual improvements in drilling and fracing technology drives improved capital efficiencies…
  5. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 5
    Challenges in Shift to Liquids Takes a long time to make the transition Organic growth slow Acquisitions can expedite the shift but can come at a higher price BOE (6:1) production rates are generally lower than gas therefore not…
  6. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 6
    Benefits of the Shift to Liquids Exposure to global prices (exception being current North American transportation constraints) Higher netbacks Generally better ROR than gas Opportunity for enhanced (secondary/tertiary) recoveries…
  7. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 7
    Core Property Economics Capital Nav 10% BT Area M Mboe /boe P/I M ROR % Lloyd Vertical 550 54 10.19 2.9 1,573 185 Princess Horizontal 1,200 135 9.00 2.1 2,473 142 Princess Vertical 800 64 12.50 1.1 894 78 Deep Basin Cardium…
  8. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 8
    Liquids Weighted Production Growth 53% 30000 28,000-29,000 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%…
  9. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 9
    Liquids Growth 16000 15,000 14000 12000 10,993 10000 Total Bls/d 8000 6000 5,052 5,410 4000 2,851 2000 1,497 0 2007 2008 2009 2010 2011 2012 (Est.) Oil & NGL 10
  10. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 10
    Reserves Summary 137,409 140000 1.2 120000 1 Reserves per outstanding share 100000 0.8 Total Mboe 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…
  11. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 11
    Top 15 Wells in Alberta W4 2011 Average Oil Rate in Location the 3rd Month Operator (bbl/d) 100/12-06-018-11-W4/00 740 CREW ENERGY INC. 103/13-12-017-11-W4/00 438 CENOVUS ENERGY INC. 102/05-36-017-12-W4/00 404 CREW ENERGY INC.…
  12. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 12
    Princess, Alberta Oil Play 11-22 Battery Inlet 28,000 b/d emulsion Land Holdings Capacity 6,000 bopd 7-8 Battery expansion Total (net acres) 293,155 Inlet 65,000 b/d emulsion West Tide Lake Area Capacity 6,500 bopd Developed (net)…
  13. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 13
    14 Princess, Organic Production Growth Q2 2012 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 7,000…
  14. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 14
    Princess Waterflood Initial Results Production Graph of the Princess Pekisko K Pool 15,000 100 Princess Pekisko K Pool K Pool 02/6-27 13,500 90 Injection started in one well GOR (scf/bbl) ; Water Injection Rate (bbl/d) 12,000…
  15. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 15
    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…
  16. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 16
    17 Heavy Oil Production Growth Q2 2012 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 2007…
  17. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 17
    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…
  18. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 18
    Tower, Emerging Montney Oil Play 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 (…
  19. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 19
    Why Invest in Crew Large oil and liquids rich natural gas resource base Significant potential for production and reserve growth from 2,500 drilling locations Improving margins as oil weighting continues to grow Solid balance…
  20. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 20
    APPENDIX RESOURCE FOCUS OPPORTUNITY SUSTAINABILITY 21
  21. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 21
    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…
  22. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 22
    23 Septimus, Organic Production Growth Q2 2012 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 2,000…
  23. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 23
    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…
  24. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 24
    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…
  25. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 25
    Corporate Information TSX Trading symbol CR Basic Shares (mm) 120.8 Market capitalization 7.00/sh (mm) 846 Enterprise Value (mm) 1,219 2012 average trading volume per day (m) 1,146 Employee/Director ownership diluted 8% 26
  26. SEPTEMBER 2012 CORPORATE PRESENTATION – Crew Energy Inc. – slide 26
    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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