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MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp.

Savanna Energy Services Corp. · May 8, 2011 · 25 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 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 1
    May 2011 A HISTORY OF INNOVATION AND EXECUTION NEW HORIZONS
  2. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 2
    Corporate Snapshot VISION: Defining leadership in global energy services through people, innovation, and technology the path for others to follow Common shares Basic 79.1 million Diluted 83.1 million Share price range (52 weeks)…
  3. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 3
    Savanna What we do Drilling High-spec deep doubles new TDS3000 and TDS3000 Slant platforms Hybrid Rigs - Restructuring to re-establish strong utilization Strong unconventional exposure Well Servicing Highly mobile, modern,…
  4. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 4
    Geographic Coverage Canada 79 Drilling Rigs 72 Well Servicing Rental Equipment North Dakota 1 Drilling Rig 10 Well Servicing Rental Equipment Pennsylvania* 5 Drilling Rigs Australia* Texas/Louisiana 4 Drilling Rigs 16…
  5. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 5
    Revenue Distribution by Division - 2010 Well Servicing 18% Rentals 3% Drilling 79% Oil focused 70% Unconventional gas 25% Conventional gas 5%
  6. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 6
    Revenue Distribution by Country - 2010 United States 28% Canada 72% Oil focused 70% Unconventional gas 25% Conventional gas 5%
  7. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 7
    Oilfield Services Rig Fleet STATE OF THE ART WELL SERVICING FLEET No. Mobile singles 44 Mobile doubles 41* Total Well Servicing Fleet 85** *Includes 2 service rigs in Australia, 1 newbuild under construction and…
  8. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 8
    Well Servicing N.A. Fleet Positioning Q1 2011 69 Rigs Other 9 rigs Bakken/Shaunavon Grande Prairie 24 rigs 9 rigs East Central Alberta 12 rigs Deep Basin Oil focused 75% 15 rigs Unconventional gas 20% Conventional gas 5%
  9. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 9
    Rental Division Drilling and well servicing rentals 1000+ pieces of rental equipment Complementary to existing businesses Operates stand-alone or to leverage rig use Recent expansion into new drilling and well servicing markets…
  10. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 10
    Key Observations Oilfield Services Very modern fleet with room to expand in existing bases in both Canada and United States. Industry-wide shortage of high capacity, mobile, modern rigs. Unique workover rig design for Australia with…
  11. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 11
    Drilling Rig Fleet LEADING EDGE DRILLING RIG FLEET No. Max Depth Capacity Coring / delineation rigs 5 1,000 m (3,300) Hybrid rigs 38 2,500 m (8,250) Modern Conventional Rigs 62 5,000 m (16,500) Total Drilling Fleet 105* *…
  12. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 12
    Deep Conventional Doubles LEADING EDGE DRILLING RIG FLEET Conventional rigs 62 rig fleet* Deep Doubles and TDS rigs Top drives and pipe skates Automated pipe handling Pad Moving systems Dual shakers and light plants on all…
  13. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 13
    Deep Double Fleet Positioning Q1 2011 62* Rig Conventional Double Fleet Other Deep Basin 6 rigs 7 rigs Marcellus* 5 rigs Viking/Cardium 16 rigs Bakken/Shaunavon 12 rigs Oil focused 75% Unconventional gas 20% Conventional…
  14. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 14
    Hybrid Drilling Rigs Highly efficient conventional Top drives Mobile Range 3 pipe Hybrid rigs Automated pipe- handling Coil drilling optionality for speed/efficiency
  15. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 15
    Hybrid Fleet Positioning Q1 2011 38* Effective Available Hybrid Fleet Idle 8 rigs Coring 12 rigs Australia 4 rigs Shallow Conventional Heavy Oil 6 rigs 8 rigs *Excluding TDS3000 conversions (6), but including…
  16. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 16
    Hybrid Drilling Current Core Utilization 2011 est 38 Rigs in hybrid fleet currently* Area Rigs Oilsands Coring/delineation 2-16 Heavy oil 5-10 Shallow/Medium gas 6-9 Australia 4 2010 average fleet size was 46 rigs; conversion…
  17. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 17
    Key Observations Drilling Utilization Deep conventional fleet utilization consistently exceeds market Very strong Q1 utilization to date Strong post-Q1 demand 100% committed post break-up. 25-30 hybrid rigs being reconfigured or…
  18. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 18
    Reposition Heavy Oil Have established strong presence in heavy oil drilling utilizing CT2200 platform Achieving efficiency savings with both drillpipe and coil Have carved out market for 8-10 rigs with reduced seasonality…
  19. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 19
    Reconfigure Savanna TDSTM Conversion of 1500M hybrids to 3,000M Top Drive Singles (TDS3000TM) well underway: Upgrade derrick, top drive, additional mud-pump, iron roughneck Efficient move, small footprint, automation retained…
  20. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 20
    Relocate - International Receptive markets identified, but focus on Australia: Qualification process in each country takes time; many already completed New technology hurdle has been overcome with key players First successful…
  21. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 21
    Reposition, Reconfigure, Relocate. Reload Current Target Active/Committed (Year end 2012) ORIGINAL HYBRID FLEET 46 46 Heavy Oil (primarily CT2200) 8 10 TDS3000 conversion 8 (4 complete) 12-20* International retrofit/relocation** 4…
  22. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 22
    2011 Capital Program - 119 million 1200 HP AC Deep Doubles X2 75% complete Australia Hybrid Conversions X4 2 complete, 2 75% complete TDS3000 Conversions X8 4 complete, 2 50% complete TDS3000 Slant Conversion X2 2 underway Australia…
  23. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 23
    Balance Sheet Capacity 175 million 364 day revolver, renewed September, 2010 2 year term, 3 year amortization if not renewed in September, 2011 Converts to 3.0X trailing EBITDAS effective December 31, 2010 Current gross draw on…
  24. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 24
    2010-11 Considerations Savanna will grow effective fleet by 20% in 2011 and 2012 with TDS conversions, committed Australia and true newbuilds 2011 focus will be on hybrid reload: reposition, reconfigure and relocate TDS3000 is now…
  25. MAY 2011 CORPORATE PRESENTATION – Savanna Energy Services Corp. – slide 25
    1800, 311 - 6 Avenue SW, Calgary, Alberta T2P 3H2 Tel 403.503.9990 infosavannaenergy.com www.savannaenergy.com Financial or corporate information at www.sedar.com or email infosavannaenergy.com A HISTORY OF INNOVATION AND…

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