Growing shareholder value Opportunities Business plan revived for microcap E&P consolidation 2015 Focus Current commodity prices will likely be catalyst for deep value acquisitions Continue to exploit low risk development…
Response to Lower Oil Prices Management cash compensation reductions of 25- 50% Cost Control G&A cost reductions Reduced operational costs through bid process Completed royalty funding with Maple Leaf for 6 wells at Flood…
Many accomplishments to date Likely more deals to come Flood - Expand Energy acquisition for net 0.7mm, large Montney oil play, 100% WI, 37 sections Brazeau River Acquired 100% WI in 2.25 sections no up front investment, recompleted 2…
Corporate Snapshot Stock Exchange TSX.V Symbol CAC Share price at May 15, 2015 0.50 Warrant price at May 15, 2015 (2.40 warrants expire March 2016) 0.01 Capital Structure Common stock (basic) 42.0mm (diluted)* 42.0mm (Insider…
Reserves Summary Highlights (10 month period ended Dec 31, 2014) December 31, 2014 Reserve Volumes Proven + Probable (68% Oil & NGL) Reserves increased by 111% Value increased by 73% PDNP & Proved (65% Oil and NGL) PUD, 30% PDP,…
Canamax Core Areas NORTH WEST ALBERTA Flood (100% WI) Alberta Montney oil; 59 contiguous sections & infrastructure; 5.0MM boe original oil in place (OOIP) per section, Large vertical well development property 15 producing vertical…
Flood Large OOIP Montney oil development play Proven ability to develop a play Purchased initial shut-in production and basic infrastructure Total of 59 net sections with 28.5km2 of 3D seismic Completed 5 additional property…
Well Assumptions Flood Well Type IP 30 Reserves WTI Capital ROR % Payout NPV 10 (Bbls/d) (Mstb) US/Bbl (M) (months) (M) Vertical 50 60 60 700 64 21 897 Vertical 50 60 70 750 74 19 1,087 Vertical 50 60 80 800 89 16 1,334…
Flood Potential future development Future Development Drilling Locations Vertical Horizontal PV10 & PV10 Three different pay zones within the Montney sequence 70/WTI 80/WTI Currently focused on the Worsley member with vertical PUD…
Wapiti Cardium Oil 9-21 Hz Cardium Well Reserve Parameters Unit Wapiti on Production OOIP (per section) MMbls 4.7 API Degree 42.0 Recovery Factor % 8.1 Recoverable Oil MMbls 0.4 Recoverable Gas BCF 1.5 Recoverable Boe MMBOE…
Brazeau River multi-zone potential large OOIP Canamax holds 100% WI in 2.75 Belly River Production Canamax Lands sections Deethree Lands Cardium Production 3 Producing wells Gas compressor installed to improve Mannville…
Retlaw area RETLAW FOCUS AREA MAP Producing net 210 boe/d 75% of production is operated Large land position of 51.1 gross sections (31.9 net) Good seismic coverage on Upside lands; 56km2 of 3D and 116 km of 2D Pipelines with…
Production Growth & 2015 Estimates Average Historical Production 1000 500 Average Production 0 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Note: Q4 2014 represents a 4 month period to convert to a…
Exploitation program Low risk development Total Development Potential (1) Est Net Net Capital Net Capital Production Working Required Required Est Net Production IP (365) High Area Description Zone Interest Low Case High Case IP…
Experienced Management and Board MANAGEMENT BOARD OF DIRECTORS Brad Gabel President & CEO Kevin Adair Executive Chairman President & Involved in numerous acquisitions and divestitures (private and CEO of Petrus Resources public…
Investment highlights Little competition in microcap acquisition space management has How we are proven track record in A&D activities Top tier operating competence demonstrated by recent drilling, different recompletion &…
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