Eagle Energy Trust VISION. GROWTH. INCOME. Investor Presentation November 2014
Mission Statement VISION We create wealth for investors by combining innovation, expertise and opportunity. GROWTH We target a capital spend and payout ratio that sustains moderate growth and distributes income. INCOME We…
Overview Eagles strategy is to provide investors with a reliable distribution paying investment by generating stable cashflows and managing risk while delivering moderate growth through increasing unit value. On October 20, 2014,…
Corporate Profile Current Estimated Working Interest Production: 1,900 boe/d Production Split: 95% light oil Cash on Hand: 69.5 million Credit Facility Available: 61.6 million Annual Distribution: 1.05 per unit Tax Pools: approx. US 166…
Market Data Ticker Symbol: TSX: EGL.UN Units Outstanding (basic): 34.89 million 52 Week Range: 3.38 - 8.63 Recent price (Nov 4/14 close): 3.44 Average daily trading volume (30 day): 100,805 units 30 day VWAP: 4.88 Market Cap (Nov 4/14):…
Proposal to Invest in Canadian Assets A Special Meeting of unitholders will be held on November 24, 2014 to vote on a special resolution to permit the acquisition of Canadian energy assets. Opportunities in Canada are as attractive as…
Impact of Eagle Investing in Canadian Assets Acquiring Canadian Assets will not affect Eagles U.S. Investments and U.S. Sourced Distributions: No effect on its U.S. operations or on the taxes on distributions from U.S. assets. The…
Sale of Permian Properties In August 2014, Eagle sold its Texas Permian asset for 150 million (US 140 million). Eagles remaining U.S. properties produce approximately 1,900 barrels of oil per day. As a result of the disposition,…
Q3 2014 Highlights Over 80% of the Trusts current production is hedged at an average price of over US 90 per barrel WTI through to June 30, 2015. 30% of production is hedged for the second half of 2015 at an average price of US 87…
Q3 2014 Highlights To date, 91% of the US 28 million capital program for 2014 has been executed with results performing to expectations. In recent news, Eagle announced that it will seek unitholder approval to permit investment in…
Hedging Program Eagle has price protection on more than 80% of production through June 2015. Hedging Summary 3400 3200 3000 US 87.90 Fixed Price 2800 US 90.50 x US 94.35 Costless Collar 2600 2400 US 90.10 x US 92.00 Costless…
Eagles Areas of Operation Eagle currently holds a light oil weighted portfolio and operates properties in three areas: Salt Flat (Edwards), Palo Pinto and Hardeman (Pennsylvanian, Mississippian and Ordovician). 13
Eagles Areas of Operation Caldwell County Salt Flat Properties 14
Eagles Areas of Operation Palo Pinto County Palo Pinto Properties 15
Eagles Areas of Operation Hardeman County Hardeman Properties 16
Eagles Areas of Operation Hardeman County Hardeman Properties 17
Operations Update To date, 91% of Eagles 2014 capital budget has been executed with results meeting expectations. Initiatives continue to decrease operating costs in the Salt Flat and Hardeman areas. Eagle has negotiated a new…
Operations Update (cont.) Hardeman Properties Completed reprocessing of 3-D seismic across part of the acreage. Added more drilling locations to inventory. Began drilling first well in Hardeman in late September. Results of this…
Operations Update (cont.) Salt Flat Properties One sidetrack well completed and placed on production in Q3. This well was a successful pilot project. Shows that in some cases, production can be added at a lower cost by drilling less…
Production History 4,000 Includes production 3,500 from the Permian property until its Aug. 29, 2014 3,000 disposition. Average WI Production per Quarter (boe/d) 2,500 2,000 1,500 1,000 500 0 Q1/11…
Highlights Production is 95% oil. Premium netbacks and competitive operating costs. Strong balance sheet cash on hand and debt-free. Experienced management team and Board. Continue to strategically acquire, operate and exploit U.S.…
CONTACT: Richard W. Clark, President and CEO Tel: (403) 531-1575 Kelly Tomyn, CFO Tel: (403) 531-1574 Eagle Energy Inc. Eagle Hydrocarbons Inc. 2710, 500 4th Avenue SW 3005, 333 Clay Street Calgary, AB T2P 2V6 Houston, TX 77002…
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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 Reserves…
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