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ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp.

Spartan Energy Corp. · Aug 20, 2014 · 17 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. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 1
    SPARTAN ENERGY CORP. BUILDING SUSTAINABLE GROWTH AUGUST 2014
  2. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 2
    Company Snapshot 3 Stock symbol SPE - TSX Market capitalization(1) 1.04 billion Enterprise value(1)(2) 1.21 billion Oil & liquids weighting 94% Net debt(2) 59 million Credit facility 250 million 2013 Year-end Reserves(3)…
  3. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 3
    Corporate Strategy 4 Spartans strategy is to acquire and develop high quality assets which will generate significant free cash flow over a reasonable period of time. Per share growth through accretive acquisitions complemented by…
  4. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 4
    SE Sask Assets Key Areas 5 Mair/Redvers Crystal Hill FROBISHER / ALIDA Wordsworth Greater Queensdale Conventional Mississippian light oil Emerging Midale frac play Pinto Ownership and control of key producing…
  5. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 5
    SE Sask Robust Economics 6 Midale Type Well(1) Frobisher Type Well (Freehold) (Crown) (Freehold) (Crown) IP30 (bopd) 120 120 60 60 EUR (Mboe) 77 (100% oil) 78 (100% oil) 61 (96% oil) 62 (96% oil) Capital (M) 2,200 2,200 1,100…
  6. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 6
    Dominant Land Position Along Frobisher/Alida Fairway 7 SPE Land Closed Acquisitions Pending Acquisitions Large OOIP; low recovery factor Large inventory of development locations Average well cost 1.1mm Attractive…
  7. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 7
    GREATER QUEENSDALE 8 Light oil Frobisher / Alida targets Average area working interest of 81% OOIP of 6 12 Mmbbl per section Recent drilling results (10 wells) IP30 = 195 bbl/d IP60 = 171 bbl/d IP90 = 164 bbl/d Extensive…
  8. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 8
    QUEENSDALE DRILLING RESULTS 9 IP 30 IP 60 IP 90 Days On Well WI (%) Gross Gross Gross Production (bbl/d) (bbl/d) (bbl/d) 91/2-27-6-34w1 50% 237 199 170 319 91/12-27-6-34w1 80% 311 261 230 307 93/3-27-6-34w1 75% 245 205 185 294…
  9. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 9
    Emerging Midale Potential 10 Midale Erosional Edge Workman Pinto Elcott / Florence Emerging Midale frac play SPE Land Light oil Industry Hz Midale Activity High impact conventional asset which utilizes…
  10. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 10
    2014 Budget Guidance(1) 11 Capital 84 million Average production (boe/d) 5,700 (94% oil & liquids) Exit production (boe/d) 8,600 (94% oil & liquids) Cash flow (funds from operations) 88 million(2) Year end net debt (estimate) 90…
  11. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 11
    Management 12 RICHARD (RICK) MCHARDY, B.Comm., LLB., - President & CEO 18+ years experience in M&A /securities matters and oil and gas President, CEO Spartan Oil Corp., President, CEO Spartan Exploration Ltd., President, Titan…
  12. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 12
    13 BOARD OF DIRECTORS BANKER Michael Stark National Bank Chairman Independent Businessman Don Archibald EVALUATION ENGINEERS Independent Businessman Sproule Associates Limited Reg Greenslade Independent Businessman REGISTRAR &…
  13. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 13
    Analyst Coverage 14 AltaCorp Capital Inc. (Thomas Matthews) Clarus Securities Inc. (Daniel Choi) Desjardins Capital Markets (Kristopher Zack) Dundee Capital Markets (Brian Kristjansen) FirstEnergy Capital Corp. (Cody Kwong) GMP…
  14. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 14
    15 Contact Information Head Office Suite 500, 850 2nd Street SW Calgary, Alberta T2P 0R8 Telephone: 403-355-8920 Facsimile: 403-355-2779 E-mail: infospartanenergy.ca
  15. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 15
    APPENDIX SPARTAN ENERGY CORP. BUILDING SUSTAINABLE GROWTH AUGUST 2014
  16. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 16
    Spartan Oil 269% ROI (18 months) 17 Overview Price Event Chart Formed through the spin-out of certain Cardium assets and SE Saskatchewan assets from Spartan 6.00 June 1, 2011: Completion of Feb 21, 2012: Announcement of…
  17. ENERCOM THE OIL & GAS CONFERENCE – Spartan Energy Corp. – slide 17
    Spartan Exploration 500% ROI (36 months) 18 Overview Price Event Chart 4.50 2,700,000 Spartan Exploration was formed in Q1-2008 with a March 2008: 5.2MM non- April 1, 2011: Sold to Penn West for 228MM (6.00/share) brokered…

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