Skip to main content Corporate Presentation – Kelt Exploration Ltd. | Shale Experts
Loading...
Pm

Corporate Presentation – Kelt Exploration Ltd.

Kelt Exploration Ltd. · Nov 1, 2014 · 27 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. Corporate Presentation – Kelt Exploration Ltd. – slide 1
    Corporate Presentation November 2014 David J. Wilson, President & Chief Executive Officer Sadiq H. Lalani, Vice President, Finance & Chief Financial Officer www.KeltExploration.com
  2. Corporate Presentation – Kelt Exploration Ltd. – slide 2
    Why Invest in Kelt 2 For investors who want to be exposed to a growth oriented oil and gas exploration and development business plan TRACK RECORD: the Kelt management team has a strong track record of building shareholder value,…
  3. Corporate Presentation – Kelt Exploration Ltd. – slide 3
    Common Share Information 3 Stock Exchange listing TSX Trading symbol KEL Market capitalization ( Nov/11/14 ) 1.3 billion 52-week trading range 8.80 - 15.61 Common shares issued 126.7 million Restricted share units (RSUs) 1.8…
  4. Corporate Presentation – Kelt Exploration Ltd. – slide 4
    Capital Expenditure Program 4 ( millions ) 2014 Forecast 2015 Budget Change Drilling & Completions 215.5 163.5 - 24% Facilities, Equipment & 33.5 31.0 - 7% Pipeline Land & Seismic 19.0 20.5 + 8% Total E&D Expenditures 268.0…
  5. Corporate Presentation – Kelt Exploration Ltd. – slide 5
    2015 Drilling Program 5 Gross Net D&C % Wells Wells ( MM ) Grande Prairie [1] 12 9.6 71.8 44% Karr [2] 6 6.0 40.5 25% Inga / Fireweed [3] 10 4.4 39.0 24% Other 2 2.0 12.2 7% Total 30 22.0 163.5 100% [1] Grande Prairie…
  6. Corporate Presentation – Kelt Exploration Ltd. – slide 6
    Production Outlook 6 2014 2015 2015 Forecast Split Budget Split Forecast Split (average) (average) (exit) Oil ( bbls/d ) 3,400 27% 5,800 33% 6,350 35% NGLs ( bbls/d ) 950 8% 1,310 8% 1,450 8% Gas ( mcf/d ) 49,500 65% 60,540 59%…
  7. Corporate Presentation – Kelt Exploration Ltd. – slide 7
    Production Growth ( since inception Mar/13 ) 7 ( BOE / d ) 25,000 Oil / NGLs + 251% + 379% + 409% Gas (since inception) (since inception) (since inception) 20,000 18,250 17,200 15,000 12,600 10,450 10,090 10,000 8,250…
  8. Corporate Presentation – Kelt Exploration Ltd. – slide 8
    Improving Profitability by Lowering Costs 8 DRILLING: Kelts development properties are primarily resource in nature whereby in-fill drilling is conducted from multi-well pads resulting in economies of scale thereby reducing drilling…
  9. Corporate Presentation – Kelt Exploration Ltd. – slide 9
    Protecting Cash Flow through Hedging 9 ( CA unless otherwise specified ) Period Quantity Fixed Price Nov/1/14 to 1,500 CA 101.51 WTI Crude Oil Dec/31/14 bbls/d per bbl [1] Nov/1/14 to 150 US 48.09 OPIS Conway Propane…
  10. Corporate Presentation – Kelt Exploration Ltd. – slide 10
    Commodity Prices 10 ( CA , unless otherwise specified ) 2014 (E) 2015 (E) Change WTI Crude Oil ( USD/bbl ) US 94.70 US 79.50 - 16% WTI Crude Oil ( CAD/bbl ) 104.30 89.85 - 14% NYMEX Natural Gas ( USD/mmbtu ) US 4.25 US 3.50 - 18%…
  11. Corporate Presentation – Kelt Exploration Ltd. – slide 11
    Netbacks 11 ( / BOE ) 2014 (E) 2015 (E) Change Oil & gas revenue 47.68 44.42 - 7% Realized hedging gain ( loss ) ( 0.13 ) 0.02 n/a Royalties ( % of revenue ) ( 14.4% ) ( 15.8% ) + 10% Production & transportation exp. ( 14.50 ) (…
  12. Corporate Presentation – Kelt Exploration Ltd. – slide 12
    Financial Outlook 12 2014 (E) 2015 (E) Change Revenue, before royalties & hedging ( MM ) 219.2 278.9 + 27% Funds from operations ( MM ) [1] 115.9 136.0 + 17% Per share diluted ( /share ) 0.93 1.05 + 13% Debt, net of working…
  13. Corporate Presentation – Kelt Exploration Ltd. – slide 13
    2015 Commodity Price Sensitivities 13 Commodity price sensitivities are to forecasted 2015 Funds from Operations ( millions ): WTI Oil US 59.50 US 69.50 US 79.50 US 89.50 US 99.50 NYMEX Gas US 2.50 79 96 112 128 142 US 3.50 102…
  14. Corporate Presentation – Kelt Exploration Ltd. – slide 14
    Core Areas 14 Grande Prairie ( includes Pouce Coupe, Spirit River & Valhalla / La Glace ) : Montney/Doig gas development Montney light oil development Charlie Lake light oil development Inga / Fireweed Halfway light oil…
  15. Corporate Presentation – Kelt Exploration Ltd. – slide 15
    Land Holdings 15 As at August 25, 2014 Gross Acres Net Acres Average WI Net Sections Developed 267,210 125,963 47% 196.8 Undeveloped 416,845 279,949 [1] 67% 437.4 Total 684,055 405,912 [2] 59% 634.2 [1] Net undeveloped land…
  16. Corporate Presentation – Kelt Exploration Ltd. – slide 16
    Extensive Alberta Land Base 16 Gordondale Operations Progress Spirit River Kelts main field operating base is in Pouce Coupe the city of Grande Prairie, currently staffed with 20 full-time employees. Valhalla / La Glace…
  17. Corporate Presentation – Kelt Exploration Ltd. – slide 17
    Grande Prairie 17 LAND Gross: 258,028 acres ( 403 sections ) Pouce Coupe Net: 152,667 acres ( 239 sections ) Progress Spirit River PRODUCTION Q3 2014 Production: 7,498 BOE/d ( 56% gas & 44% oil ) Valhalla / La Glace Top five…
  18. Corporate Presentation – Kelt Exploration Ltd. – slide 18
    Pouce Coupe 18 Targeting Montney (upper Progress and middle/lower) and Halfway O Pool Unit 7.8% WI Doig formations. Pouce Coupe Ownership in pipeline infrastructure, gas South Boundary B Unit 2 67.9% WI CNRL Operated…
  19. Corporate Presentation – Kelt Exploration Ltd. – slide 19
    Spirit River 19 Charlie Lake Gamma Ray Density Porosity Worsley (O) 13-34 Y Progress 13-33 Halfway 15-13 Gas Unit 1 (50%) J (Upper) 15.9% WI J (Lower) 15-5 R Spirit River Charlie Lake E & M Unit 81.6% WI…
  20. Corporate Presentation – Kelt Exploration Ltd. – slide 20
    Valhalla / La Glace 20 Kelt completed a 165 MM acquisition at Valhalla/La Glace in July 2014, Encana adding approximately Sexsmith 200 MMcf/d 11.7 MM BOE (70% oil) of 13-33 Gas Plant (0.3% WI) 2P reserves [1] (with 60.7…
  21. Corporate Presentation – Kelt Exploration Ltd. – slide 21
    Karr 21 LAND Montney Rights: 37 sections ( gross ) 16-10 (75%) MM 35 sections ( net ) OPERATIONS Q3 2014 Production: 1,318 BOE/d 16-31 MM ( 53% oil & 47% gas ) Top three IP30 wells 13-31 ( gross sales, BOE/d ): 13-27 (1)…
  22. Corporate Presentation – Kelt Exploration Ltd. – slide 22
    Grande Cache / Chicken 22 Narraway 135 MMcf/d Gas Plant (7% WI) LAND 15-27 4-22 Chinook Exploratory Gross: 141,120 acres ( 220 sections ) Cretaceous Exploratory Test Net: 95,885 acres ( 150 sections ) Test OPERATIONS Q3…
  23. Corporate Presentation – Kelt Exploration Ltd. – slide 23
    Inga / Fireweed ( British Columbia ) 23 Fireweed 16 MMcf/d LAND Compressor/ Facility (50% WI) Montney Rights: 132 sections ( gross ) A-65-I (50% WI) 56 sections ( net ) Montney Test Gross IP60 = Doig Rights: 107 sections ( gross…
  24. Corporate Presentation – Kelt Exploration Ltd. – slide 24
    Future Considerations 24 DRILLING INVENTORY: Kelt estimates that it has numerous years of drilling inventory on its existing lands to continue to grow the Company. STRONG BALANCE SHEET: Kelt maintains financial flexibility so that…
  25. Corporate Presentation – Kelt Exploration Ltd. – slide 25
    Management 25 David J. Wilson, President & CEO Sadiq H. Lalani, Vice President, Finance & CFO Douglas J. Errico, Vice President, Land Alan G. Franks, Vice President, Production Douglas O. MacArthur, Vice President, Operations Patrick…
  26. Corporate Presentation – Kelt Exploration Ltd. – slide 26
    Board of Directors 26 Robert J. Dales Compensation (Chair), Nominating, Audit, Reserves William C. Guinan Chairman, Nominating (Chair), HSE Eldon A. McIntyre Reserves (Chair), Nominating, Audit, Compensation Neil G. Sinclair Audit…
  27. Corporate Presentation – Kelt Exploration Ltd. – slide 27
    Corporate Presentation November 2014 Suite 300, 311 6th Avenue SW Calgary, Alberta, Canada T2P 3H2 www.KeltExploration.com

From the store

Browse maps, data & reports in the Shale Experts store