What Are You Getting With TVE Today Focused drilling inventory Cardium & Viking oil focus with over 200 locations (100 locations de-risked) Demonstrated top quartile operational execution increasing IP rates, on-going capital cost…
The Tamarack Team Management Board of Directors Brian Schmidt, President & CEO Floyd Price, Chairman Ron Hozjan, VP Finance & CFO Dean Setoguchi Niels Gundesen, VP Engineering David Mackenzie Ken Cruikshank, VP Land Sheldon Steeves…
Tamarack Valley Management Team Advantage Consistent delivery of drilling results technical team drilled thousands of wells on many plays at Apache Disciplined to build a self sustaining robust company, focusing on growth per share…
What Are You Paying For Today Shares outstanding - Basic 29.7 million - Fully diluted 33.0 million Available bank lines 72.5 million Share price (last 20 day trading range) 2.75 3.00 Q3 2012 net debt (millions) 41.7 41.7 EV…
TVE Production and Cash Flow Growth Production Growth Per Share Growth 1,500 1.0 Dilutive effect Oil and NGLs (bbls/d) of Tango RTO 1,250 Q3 0.8 1,311 bbls/d Decrease in oil and 1,000 0.6 natural gas prices Q2 914 bbls/d 750 0.4…
Core Oil Areas ALBERTA SK Resource Play 2 Shallow Viking Oil 60+ locations 90% COS Foley Lake Q3/12 685 boe/d Resource Play 1 Westlock 100% oil Cardium Oil Redwater VIKING OIL 47 locations 90% COS Edmonton HEAVY OIL Q3/12…
Drilling Scope 400 27.5 350 300 147.0 38.5 258.1 250 35.0 locations 217.5 million 92.0 200 CAPEX 71.0 85% COS 115.0 150 164.6 55.2 million or 108.1 5.00/share 100 85% COS locations 61.3 85% COS 146.5 50 109.4 46.8…
Redwater 8,196 net acres (100% WI) Well 3 TVE 8-3 12-stage frac & 10T 100% operated Well 1 TVE 14-26 685 bbls/d (Q3/12) 12-stage frac & 10T 100% oil The 4.0 (3.7 net) Q2/12 drilled Viking wells 27 producing Hz IP30 average per…
Redwater Performance 1,000 100 2012 drills Added an Producing day average: month 1 90 bbls/d Calendar day oil production (bbls/d) 900 Echoex base additional month 2 80 bbls/d 85 2.85 net 800 wells 80 79 Daily oil production…
Viking Oil Trend: Q1 2013 Catalysts Trend is characterized by: High OOIP/sec Foley Lake TVE land TVE operated vertical re-entry - Q4/12 Shallow depth Industry major to drill offsets - 2013 Low GORs Judy Creek TVE Success at…
Lochend / Garrington TVE 16-29 IP30 400 boe/d Oil netbacks: Both wells (1 net) were Actual Field Price 87.74 drilled in Budgeted Field Price 4.41 10.93 74.00 Q4/12 and 5.15 will be fracd 11.30 TVE 1-20 in Q1/13 369 boe/d…
2012 Spring Drilling Program Review Barrels Lochend 2-29 35,000 10,000 133,000 bbls production after payout 7 mo. 3 mo. IP 60 378 bopd 45,000 bbls to payout 178,000 bbls Reserves 10 mo. Garrington 2-20 33,000 8,000 100,000…
Capital Cost Reductions Garrington Cardium Oil Capital Costs Redwater Viking Oil Capital Costs 5,000 1,400 Equip 1,305 Reduced capital 4,500 4,321 Reduced capital costs Completions 160 1,190 costs by 20% since 4,087 1,200 321 by…
2012 Quarter Over Quarter Performance Q1 Q2 Q3 % Change (Q2 to Q3) Production (boe/d) 1,242 2,193 2,657 21 Oil & NGL production (bbls/d) 401 914 1,311 43 Liquids weighting (%) 32 42 49 17 Netbacks per boe 25.06 23.69 30.22 28 Cash…
Why Invest in TVE Today Current balance sheet gives flexibility to duplicate 2012 CAPEX program in 2013 Investing in catalysts to move drilling inventory to over 200 low risk, high ROR Cardium & Viking oil drilling locations Include…
TVE Contact Information Tamarack Valley Energy 1800, 407 2nd Street SW Calgary AB T2P 2Y3 Tel: 403.263.4440 www.tamarackvalley.ca infotamarackvalley.ca 18
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