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May 2015 Annual General Meeting – Long Run Exploration Ltd.

Long Run Exploration Ltd. · May 7, 2015 · 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. May 2015 Annual General Meeting – Long Run Exploration Ltd. – slide 1
    ANNUAL GENERAL MEETING May 7, 2015
  2. May 2015 Annual General Meeting – Long Run Exploration Ltd. – slide 2
    LONG RUN PROFILE Bri:sh Columbia Lis1ng TSX:LRE NORTHERN GAS Shares Outstanding 193.5 million Alberta Market Capitaliza1on 180 million Liquidity 1,000,000 PEACE (shares/day; 30 day avg) RIVER AREA Q1 2015 Produc1on…
  3. May 2015 Annual General Meeting – Long Run Exploration Ltd. – slide 3
    FIRST QUARTER 2015 HIGHLIGHTS 35,602 Boe/d average produc:on (44% oil and NGLs) 9.0 net wells drilled 5 wells in the Peace River Montney; 3 wells in the Edson Cardium; 1 well in the Kakwa Cardium 43.9 million in net capital…
  4. May 2015 Annual General Meeting – Long Run Exploration Ltd. – slide 4
    CAPITAL STRUCTURE Share Capital: Debt Structure 193.5 million common shares outstanding (at March 31, 2015) Credit Facili1es(1): Long Runs lending facili:es total 695 million Credit In the process of annual review by…
  5. May 2015 Annual General Meeting – Long Run Exploration Ltd. – slide 5
    2015 CAPITAL BUDGET 60 Capital budget of 100 million 50 million planned for the rst half of the 45 year Based on average commodity price Million assump:ons of WTI US52.50/Bbl, AECO 30 2.60/GJ and FX CDN/USD 0.80 for…
  6. May 2015 Annual General Meeting – Long Run Exploration Ltd. – slide 6
    DEEP BASIN CARDIUM Edson Current produc:on of 7,500 Boe/d (45% oil and NGLs) Cardium horizontal light oil development 13-09 LRE Bagery/ Compressor Sta1on 1,800m 1,900m ver:cal depth 6,500 boe/d (100%) Pine Creek Bluesky…
  7. May 2015 Annual General Meeting – Long Run Exploration Ltd. – slide 7
    DEEP BASIN CARDIUM Kakwa/Elmworth Current produc:on 4,950 Boe/d (25% oil and NGLs) Cardium horizontal liquids-rich natural gas 1,000m 1,600m ver:cal depth NGL content (40-50 Bbl/Mmcf) Elmworth Q1 2015…
  8. May 2015 Annual General Meeting – Long Run Exploration Ltd. – slide 8
    PEACE RIVER MONTNEY Normandville /Girouxville Current produc:on of 9,500 Boe/d (55% oil and NGLs) Normandville Montney oil horizontal mul:-frac play Normandville Oil Bagery 950m ver:cal depth 5,000 bopd 15 mmcf/d…
  9. May 2015 Annual General Meeting – Long Run Exploration Ltd. – slide 9
    REDWATER VIKING 07-21 Redwater North Oil Bagery 5,000 bbls/d 4.0 mmcf/d Current produc:on 3,750 Boe/d T58 Redwater (85% oil and NGLs) 05-17 Redwater North Compressor Sta1on Viking horizontal oil development 4.5 mmcf/d…
  10. May 2015 Annual General Meeting – Long Run Exploration Ltd. – slide 10
    RISK MANAGEMENT 2015 Oil Hedges 100% 100 Long Runs on-going risk management 80% 75 philosophy is to hedge approximately 35% to 50% of our annual produc:on volumes to US/Bbl 60% 50 mi:gate commodity price vola:lity…
  11. May 2015 Annual General Meeting – Long Run Exploration Ltd. – slide 11
    CORPORATE INFORMATION TSX:LRE Contacts Bill Andrew Chair & CEO (403) 261-6012 Dale Miller President & COO (403) 261-6012 Corine Busheld Senior Vice President & CFO (403) 261-6012 Dale Orton Senior Vice…

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