EXPERTISE QUALITY INCOME TSX: EGL.UN EAGLE ENERGY TRUST Investor Presentation June 2015
Strategy Eagle is created to provide investors with a sustainable business while delivering stable production and overall growth through accretive investments and acquisitions. Eagles trusted management team brings Expertise an…
Corporate Profile Current Estimated Production 3,000 boe/d Production Guidance 2,950 - 3,150 boe/d Production Split 97% light oil 2015 Ending Debt to Trailing Cashflow 1.3 times(1) 2015 Corporate Payout Ratio 94% Annualized…
Market Data Ticker EGL.UN Units Outstanding (basic) 35.0 million 52 Week Range 1.58 - 6.84 Recent price 3.13(1) Average daily trading volume (30 day) 57,249 units Market Cap 109 million Directors & Officers Ownership 2.9%…
Highlights for the Three Months Ended March 31, 2015 Strong balance sheet despite a low commodity price cycle Debt to trailing cash flow at 1.3 x 106 million renewed credit facility with only 35% drawn at quarter end Over 40% of 2015…
Permian for Dixonville Our Vision In Action Rebalanced asset portfolio improving sustainability Bought Dixonville Sold Permian Property(1) Benefit to Eagle Property(2) Sale / Purchase US 140 MM CA 100 MM + CA 50 MM Price…
Exercising Fiscal Prudence and Discipline in a Low Commodity Price Market Strong Sustainable Stable Capital Distributions Balance with Growth Production Discipline Sheet Potential 9
Where We Operate Eagle owns stable, oil producing properties with development and exploitation potential located in Canada (NW Alberta) and in the US (Texas and Oklahoma). Dixonville Properties, AB: Located 50 kms northwest of…
CDN Properties Dixonville (Alberta) 50 km from Peace River 50% non-operated working interest in a horizontal oil waterflood in the Montney C Formation operated by Spyglass Resources Corp. 1,250 boe/d working interest to Eagle…
CDN Properties Dixonville (Alberta) A premier waterflood in Western Canada Low decline, high netbacks Low abandonment liabilities due to long life asset Long-term potential Decline rate below 10% Reserve life index Total Proved -…
US Properties Salt Flat (Texas) Light oil producing o 35 API oil from the Edwards limestone formation, located in the Salt Flat field in Caldwell County, South Central Texas Acquired an 80% working interest in 2010 Low cost…
US Properties Hardeman (Texas & Oklahoma) Light oil producing o 45 API oil from the Chappel and Atoka Conglomerate formations located in Hardeman County, Texas and Greer, Harmon and Jackson Counties, Oklahoma 79,000 gross acres…
2014 Year-End Reserves(1) Excellent year over year reserve performance Total proved plus probable reserves of approximately 16 million boe (71% proved, 61% proved producing) PV10 value on total proved reserves of approximately 216…
2014 Year-End Reserves Highlights +88% Strong increase in proved developed producing (PDP) reserves +29% Increase in net present value of PDP reserves (discounted at 10%) Increase in total proved reserves volumes despite a…
2015 Guidance 2015 Guidance Capital Budget 13.7 mm Working Interest Production 2,950 to 3,150 boe/d Operating Costs per Month(1) 1.8 to 2.0 mm Funds Flow from Operations(2) 28.1 mm Field Netback (excluding hedges)…
2015 Capital Budget Eagles 2015 capital budget is 13.7 million: Texas and Oklahoma (US 9.9 MM) Salt Flat Property 3 (3.0 net) horizontal oil wells Seismic processing, horizontal pump installations Hardeman Property 3 (3.0 net)…
2015 Sustainability Eagles conservative payout ratio is designed to support the Trusts sustainability 2015 Guidance Payout Ratios (1) Distributions 45% Plus: Capital Expenditures 49% Equals: Corporate Payout Ratio(2) 94%…
2015 Sensitivities For 2015, Eagle is within its comfort zone for payout ratio and debt levels over a wide range of commodity prices Sensitivities to Commodity Price 2015 Average WTI (Production 3,050 boe/d) US 50 (FX 1.30) US 60…
Hedging Program Eagle has price protection on 40% of its production for 2015. The mark-to- market value of Eagles hedges as of March 31, 2015 is CAD 12.0 MM 500 bbl/d hedged at US 65 WTI for 2016 1800 1600 1400 1200 BBL/D -…
Management Experience Eagles management team has an average of 25 years of experience Years 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Richard Clark Corporate Finance Law - Shiningbank Energy…
Value Proposition Why Invest in Eagle Strong balance sheet Stable production base Capital discipline Experienced management team Predictable monthly income 23
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Management Richard Clark, B.A. (Econ), LLB, Director, President and Chief Executive Officer 19 years in the legal profession as a founding partner at a boutique oil and gas law firm, then 10 years at a Canadian national law firm,…
Management Continued Scott Lovett, M.Sc., MBA, P.Eng, Vice President, Corporate & Business Development Over 18 years experience in the oil and gas industry, including reservoir evaluations, acquisitions and divestments, business…
Board of Directors David Fitzpatrick, P.Eng., Chairman Former Chief Executive Officer of Shiningbank Bruce Gibson, CA, Chair of Audit Committee Former Chief Financial Officer of Shiningbank Warren Steckley, P.Eng., Chair of…
Production History Current working interest production of approximately 3,000 boe/d 4,000 Average WI Production per Quarter (boe/d) 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2015 Forecast Q1/11 Q2/11 Q3/11…
Contact Kelly Tomyn, CFO Tel: (403) 531-1574 Eric McFadden, VP, Capital Markets & Business Development Tel: (587) 233-1799 Richard W. Clark, President and CEO Tel: (403) 531-1575 Eagle Energy Inc. Eagle Hydrocarbons Inc.…
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