Annual General Meeting May 2010 FRACTURING ACIDIZING COILED TUBING CEMENTING
CORPORATE OVERVIEW A Structural Shift in Well Stimulation Canyon provides well stimulation services throughout the WCSB: Hydraulic fracturing High-rate nitrogen fracturing Coiled tubing Chemical stimulation Remedial cementing…
CORPORATE OVERVIEW Capitalization: FRC on the TSX Average daily trading volume of approximately 100k shares/day 250 million market capitalization Equity Capitalization at April 6, 2010: 59.7 million common shares 2.4 million…
CORPORATE OVERVIEW Successfully expanded into deeper, more complex areas of the basin Improving operating efficiencies and margins Rapid growth in our hydraulic pumping capacity Average consolidated revenue per job has…
TRENDS IN PRESSURE PUMPING Canadian unconventional resources plays are just getting started Over 50% of total wells now drilled horizontally / directionally Horizontal wells with multi-stage fractures have become the completion…
TRENDS IN PRESSURE PUMPING Developing packer and isolation technologies to increase the number of fracture stages in horizontal completions E&P focus switching to oil and liquids rich natural gas plays deeper wells with longer…
CORPORATE OVERVIEW 2010 Capital Program: Completed 97 million in equity financings to fund capital expansion 50 million at 2.00 per share in the fall of 2009 47 million at 3.80 per share in April 2010 2010 capital program of 73…
EQUIPMENT & OPERATING DIVISIONS Hydraulic Fracturing Division: 75,500 hydraulic horsepower 125,500 hydraulic horsepower by year end 2010 2,500 hydraulic horsepower heavy duty pumps required for tight sands and shales High rate…
EQUIPMENT & OPERATING DIVISIONS High Rate Nitrogen Division: 4 high-rate nitrogen fracturing spreads Introduced 3 coiled tubing to fracturing industry Completed over 3,500 high-rate nitrogen fracturing treatments 3 Grand Canyon…
PROPRIETARY TECHNOLOGIES Developing proprietary and patented technologies applicable to new resource plays: Light weight deformable proppants (LWP) Friction reducers for slickwater treatments Foam systems Chemical systems Use of…
PROPRIETARY TECHNOLOGIES LWP vs. Sand Partnered with 3M to develop improved LWP LWP floats in slickwater fracture fluids improved penetration and distribution in the fracture Deformable proppant locked in place with fewer / no…
PROPRIETARY TECHNOLOGIES 18 / 50 LWP: Superior crush Before After (10,000 psi) strength for a variety of reservoir depths No fines generation to occlude pore spaces Deformation of LWPTM prevents 18 mesh = 1.0mm embedment…
GRAND CANYON Benefits of Grand Canyon Process: Benefits of technology for our customers: Higher production higher fracture conductivity less reservoir damage Drastically reduce fresh water consumption Improved project economics…
FINANCIAL & OPERATING PERFORMANCE First Quarter Financial Summary 45,000,000 40,000,000 Revenue 35,000,000 EBITDA Net Income 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 Q1 2008…
FINANCIAL & OPERATING PERFORMANCE First Quarter Financial Summary - Per Share Results 0.40 0.35 EBITDA Per Share (Debt Adjusted) 0.30 Earnings per share 0.25 0.20 0.15 0.10 0.05 0.00 Q1 2008 Q1 2009 Q1…
FINANCIAL & OPERATING PERFORMANCE (millions except per share amounts) Current basic shares outstanding 59.7 Current share price 4.40 Market capitalization 262.9 Net debt (Cash) as at March 31, 2010 nil Enterprise value 262.9…
GROWTH STRATEGY Grow hydraulic pumping capacity through capital expansion program Expand market share in conventional areas Focusing on larger, high-rate treatments in the northeast British Columbia, northwest Alberta Expanding…
INVESTMENT HIGHLIGHTS Expecting pressure pumping capacity constraints in Canada throughout 2010 Approximately 50% of total wells now drilled horizontally / directionally Horizontal wells and multistage isolation technology = more…
Loading...
