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CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp

Athabasca Oil Corp · Feb 13, 2012 · 38 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. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 1
    Canadian Oil Sands Summit February 13 15, 2012
  2. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 2
    Forward Looking Statement In addition, information and statements in this Presentation relating to reserves and resources are deemed to be forward-looking information and statements, as they involve the implied assessment, based on…
  3. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 3
    To Create Value In The Oil Sands Industry 4
  4. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 4
    To Create Value In The Oil Sands Industry Well productivity is key to project economics Know your reservoir once your production wells are drilled there is no way back Have enough steam upfront penny saving can be costly Start up…
  5. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 5
    Corporate Overview 6
  6. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 6
    AOSC - An Oil Resource Developer Light Oil Oil Sands2 1.9 million acres1 6 large oil sands asset areas - 1.5 million acres (net) Ambitious drilling program ongoing 9.8 Bln bbls Contingent Resource (Best Estimate) Building own…
  7. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 7
    Positioned for Robust Production Growth Complementary Oil Assets Total Production Goal kboe/d 300 High Economics 250 Low IRR / NPV 200 150 Oil Sands High 100 Low Products Financing Gas & 50 Light Oil Condensate Timing…
  8. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 8
    Oil Sands 9
  9. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 9
    Six Large Oil Sands Assets Bln Resource Bbls April 1, 2011(1) 12 10 Grosmont Carbonates 8 Leduc Hangingstone 6 Contingent Birch Resource 4 Sands Dover West Sands 2 PetroChina JV Probable 0 Reserves 1.…
  10. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 10
    MacKay and Dover Joint Ventures Working Interest PetroChina 60% MacKay AOSC 40% Athabasca exercised its option to divest its 40% interest in MacKay River Dover MacKay River put proceeds of 680 Mln (gross) Dover 250,000 bbls/d…
  11. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 11
    Hangingstone Asset Overview 873 Mln bbls Contingent Resource1 (Best Estimate), plus Project 1 Development Area 38 Mln bbls Probable Reserves (Gross) 12,000 bbls/day project progressing as planned Initially 20 SAGD well pairs planned…
  12. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 12
    Hangingstone Development Planning Project 1 Project 2+ Field Layout Progressive Regulatory Build Application submitted Mar 2011 Field Layout Pad 1 Pad 2 20 initial SAGD LACT well pairs planned with up to 25% CPF contingency = 5…
  13. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 13
    Hangingstone Economics 1,2 NPV 9% (Billion C) Before Tax 1.00 2.00 3.00 4.00 5.00 6.00 WTI Total CAPEX Exchange Rate Gas Price SOR Downside Upside Metric Downside Base Upside WTI (US/bbl) 80 90 100 CAPEX +10% -…
  14. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 14
    Birch Located directly west of CNRL Horizon mine and 725 sections of land BP Terre de Grace SAGD project at 100% interest Initial focus on Birch South Resource Volume: 1.9 Bln bbls Contingent Resource (Best Estimate) (Prospective…
  15. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 15
    Dover West - Sands and Carbonates Oil Sands McMurray and Wabiskaw Formations contain 2.0 Bln barrels Contingent Resource (Best Estimate) 12,000 bbls/day project application submitted December 2011 First steam anticipated in…
  16. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 16
    Dover West Sands Resource Volume: 2.0 Bln bbls Contingent Resource (Best Estimate) Wabiskaw McMurray Project potential of 160,000 bbls/d bitumen for more than 30 years Project 1 area stacked McMurray and Wabiskaw Pay thicknesses…
  17. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 17
    Dover West Carbonates (Leduc) Extension of a world-class conventional oil reservoir Ft. McMurray Contains 17 Bln bbls bitumen1 in place (Best Estimate PIIP) Peace River Arch 2.9 Bln bbls Contingent Resource (Best Estimate) based…
  18. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 18
    TAGD Process: 3 Key Elements Heating reduces viscosity and allows for drainage of mobilized bitumen Gravity Drainage Conduction Heating Heating provides drive for the drainage process Internal Drive Established heating…
  19. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 19
    Leduc TAGD Field Test Ongoing Heater- Report Card Meeting on Objectives Heater Obs. Well Obs. Well Obs. Well Obs. Well Producer 1 2 3 4 Drill horizontal wells in a fractured, vuggy carbonate Heating reservoir by conduction via…
  20. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 20
    TAGD Field Development Stages Current Status Project Lifecycle Objective Proof of Concept Energy Balance & Demonstration Profitable Recovery Project Scope 2 wells 33 wells Up to 6 Patterns 1,000 Patterns (43 wells) Well Spacing 8-10…
  21. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 21
    100% Asset Development Schedule 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Project 1 12,000 bbls/d Hangingstone Project 2 25,000 40,000 bbls/d Project 3 25,000 40,000 bbls/d Project 1 12,000 bbls/d Dover West…
  22. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 22
    Oil Sands 100% Assets Production 160 100,000 barrels per day targeted by 2020 Several large asset areas allowing for economies 140 of scale All assets advancing as scheduled 120 Leduc 1 AOSC Gross Production Hangingstone…
  23. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 23
    Light Oil 24
  24. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 24
    Light Oil CRETACEUOS JURASSIC TRIASSIC AOSC has accumulated 1.9 Million 1 acres in successful land sales and acquisitions DEVONIAN Nordegg: 1,100,000 acres Montney: 825,000 acres Duvernay: 640,000 acres 1. Light Oil…
  25. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 25
    Montney 1,290 Sections (825,000 Acres) CRETACEUOS JURASSIC Typical Well Assumption Montney Depth (TVD/MD) 2,400/4,000 rights shown IP (1 12 Months) 17540 bbls/d TRIASSIC (Monthly averages) 0.70.2 mmcf/d Liquids Ratio 25…
  26. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 26
    Kaybob Development Plan AOSC 13-22 Montney HZ AOSC 16-12 Montney HZ Tested 2500 boe/d Awaiting Completion M AOSC 14-27 Montney HZ M Tested 2200 boe/d M M M AOSC 02/13-14 Montney HZ M Tested 275 boe/d AOSC 04-18 Montney…
  27. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 27
    Kaybob East Montney X-Sec South North 05-01 Cum Prod 60,000 bbls oil from 2003 Trilogy offset 09-01 HZ 31,000 bbls from July Nov 2011 Kaybob East Montney Appraisal: Existing Well Control Shows Hydrocarbon Charge Across…
  28. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 28
    Greater Simonette Development Plan Apache Montney Activity AOSC 16-21 Montney HZ Drilled 3 Montney HZs AOSC 03-22 Nordegg HZ Tested 80 boe/d AOSC 11-10 Duvernay HZ Spudding Q1/12 Saxon / Placid M Encana Activity 1 Nordegg HZ…
  29. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 29
    Regional Duvernay Activity Map 20 m. Duvernay Isopach (Net of Carbonate) AOSC Kaybob Duvernay Activity Cored Duvernay in Strat Hole 07-18 HZ Awaiting Completion Drilled to Date: V Vertical H Horizontal Planned Q1 V Trilogy…
  30. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 30
    AOSC Infrastructure In 2012, AOSC will construct all of the necessary facilities required to control and accommodate the proposed production growth profile over the next 2-3 years Kaybob East Processing Facility Capacity: 10 MMCFD…
  31. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 31
    Light Oil Production Goal kboe/d Light Oil Production Mln Operating Cash Flows 100 1,400 90 1,200 High Case 80 70 1,000 High Case 60 Low Case 800 50 Number of Rigs 600 40 Low Case 30 400 20 15 12 200 10 9 5 7 0 0…
  32. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 32
    Creating Value 33
  33. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 33
    Creating Shareholder Value Assets Value People Production Funding JV Put/Call Ext. Financing Cash On Hand 34
  34. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 34
    Next Five Years 2012 2013 2014 2015 2016 Funding Light Oil Operating Rigs Cash on hand, cash from Hangingstone Project 1 Development operations, reasonable level DW Sands Project 1 Development of debt and Oil Sands…
  35. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 35
    Environment 36
  36. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 36
    Emissions Wells to Wheels In Situ oil sands footprint is similar to conventional oil production Water re-cycling is 90% Total emissions in line with most other crude Comparison of Greenhouse Gas Emissions 1,2 (g CO2e/MJ…
  37. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 37
    Emissions In Real Life Context 38
  38. CANADIAN OIL SANDS SUMMIT – Athabasca Oil Corp – slide 38
    Corporate Office 2000, 250 - 6 Avenue SW Calgary, Alberta, T2P 3H7 Telephone: (403) 237-8227 Fax: (403) 264-4640 Website www.aosc.com 39

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