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Annual General Meeting – Spyglass Resources Corp.

Spyglass Resources Corp. · May 15, 2014 · 11 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. Annual General Meeting – Spyglass Resources Corp. – slide 1
    Annual General Meeting May 15, 2014
  2. Annual General Meeting – Spyglass Resources Corp. – slide 2
    Core Focus Areas Low Decline and Balanced Production 3
  3. Annual General Meeting – Spyglass Resources Corp. – slide 3
    Operations & Capital Program Dan OByrne 4
  4. Annual General Meeting – Spyglass Resources Corp. – slide 4
    Core Focus Areas Low Decline and Balanced Production Dixonville: Corporate: Q1 2014 production: 3,093 boe/d Q1 2014 average production: 14,560 boe/d Base decline rate: 10% Oil & Liquids 89% Oil & Liquids 49% Key Play: Montney oil…
  5. Annual General Meeting – Spyglass Resources Corp. – slide 5
    Capital efficient development sustains the model Focused on light-oil development 19 gross (18.3 net) wells Halkirk-Provost: 10 (10.0 net) 2014 Capital Southern Alberta Glauc: 5 (4.3 net) 60 Southern Alberta Pekisko: 3 (3 net)…
  6. Annual General Meeting – Spyglass Resources Corp. – slide 6
    Southern Alberta - Light Oil Development Area Pekisko continues to perform Glauc channel and shore face upside emerging Cessford Glauc well 24 hour test rate in excess of 1,000 boe/d Expected to be tied-in late in Q2 2014…
  7. Annual General Meeting – Spyglass Resources Corp. – slide 7
    Halkirk Provost Asset Overview Renegotiated farm-in terms 10 well program planned for the second half of 2014 Secondary recovery potential Over 500 prospective Viking locations 8
  8. Annual General Meeting – Spyglass Resources Corp. – slide 8
    Noel Cadomin Resource Play Over 85 prospective locations High expected initial production rates Currently drilling D-80-G well Expected to be tied-in in the middle of Q3 2014 Natural Gas Optionality Significant Low Risk…
  9. Annual General Meeting – Spyglass Resources Corp. – slide 9
    Mature, Stable Reserves Selected Reserves Information Total Proved plus Probable as at Dec. 31, 2013(1)(4) Reserves by Category Total Btax NPV (Mboe)(2) 10% (M)(3) Proved Developed Producing 38,658 556 % Liquids 61% Probable Total…
  10. Annual General Meeting – Spyglass Resources Corp. – slide 10
    Investment Highlights Monthly Cash Dividend of Cdn 0.0225 (0.27/share/year) Target all-in payout of 100% Mature, low decline producing assets coupled with an extensive inventory of over 500 capital efficient light oil development…
  11. Annual General Meeting – Spyglass Resources Corp. – slide 11
    Questions 12

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