Corporate Overview and Outlook June 2015 TSX:AET.un
Argent Energy Trust Snapshot Argents 2014 production averaged 6,641 BOE/d 67% oil and NGLs Argents 2015E production is expected to average approximately 4,500 BOE/d post-sale 67% oil and NGLs Argents assets are located in Texas and…
Corporate Overview (AET.un) Market Capitalization: 20 MM(1) Enterprise Value: 277 MM ( 269 MM, post-sale) Units Outstanding (basic): 64.3 MM Unit Price Annual Range: 0.26 3.17 per unit Credit Facility: US110 MM ( to be redetermined…
Strategic Plan 1) Preserve cash and maintain compliance and liquidity in the low commodity price environment. 2) Complete sale of Oklahoma and Kansas with proceeds to pay down credit facility. 3) Further reduction of overhead and…
Argent Assets Diversified portfolio of opportunities in Asset Location Texas and Wyoming Texas and Wyoming oil Legacy fields Established long lived production Power River Basin Parkman and Turner South Texas natural gas Oil…
Production Highlights Q1 2015 production averaged 5,819 boe/d (67% oil and NGLs) Argent provided average annual production guidance for 2015 of 4,500 boe/d reflecting asset sales, reduced capital expenditure budget and natural…
Areas of Operation Argent Energy Trust Total - Q1 2015 production of 4,605 net boe/d (5,819 WI) 67% Oil & NGL production - 17.2 NET MMBOE (21.5 CI) proved reserves, 71% Oil & NGL - R/P = 9.2 yrs on net boe/d basis(1) Powder River…
Reserves and Value by Region (1) Based on NPV10 of working interest proved plus probable reserves per GLJ independent reserve report as at December 31, 2014 using GLJ commodity pricing forecast as at December 31, 2014 TSX:AET.un…
Marketing Differentials(1) WTI less 10-15 WTI less 1 WTI less 3.64 NYMEX less 0.30 (1) Based on prices received in Q1, 2015. Differentials vary monthly. 10 TSX:AET.un
Sales and Funds Flow Highlights Q1 2015 sales of 22.0 MM (1) Q1 2015 funds flow from operations of 6.2 MM (0.10/unit) (1) Oil and gas sales before royalties and excluding risk management gains/losses TSX:AET.un 11
Eagle Ford / Austin Chalk Fields Q1 2015 Production of 801 net boe/d (1,019 WI) 96% Oil & NGL Operations in 2015 Eagle Ford / Austin Chalk Fields No drilling planned for 2015 Upside Opportunities Additional infill drilling in the…
Gulf Coast Fields Q1 2015 Production of 2,401 net boe/d (3,158 WI) 40% Oil & NGL Operations in 2015 Gulf Coast Fields Sold Manvel Field Operations is focused on maximizing production operations and cost management Upside…
Powder River Basin Fields 261 Producing Wells on approximately 50,000 net acres 60 Argent operated wells 201 non-op wells Q1 2015 Production of 861 net boe/d (1,011 WI) 99% Oil & NGL Powder River Basin Fields Operations in 2015 2…
Powder River Basin Locator Formations with Horizontal Potential Current focus Source: Bill Barrett Corporation presentation at EnerCom 2013 TSX:AET.un 15
Powder River Basin Wyoming Parkman Upside Operators including Devon, EOG, Petro-Hunt, Yates and others have been actively developing the Parkman and Turner in the immediate area of Argent acreage. Argent has identified approximately…
Powder River Basin Wyoming Turner Upside Operators including Devon, EOG, Petro-Hunt, Yates and others have been actively developing the Parkman and Turner in the immediate area of Argent acreage. Argent has identified approximately…
2015 Capital Opportunities Approximately 11,800 net acres prospective in fairway of active Parkman and 15,900 net acres prospective in fairway of Turner horizontal oil play. Active operators include Devon Energy Resources, EOG…
Summary Long life assets P+P Reserve Life Index (RLI) = 16.0 years(1) Proved RLI = 8.9 years(1) Control over operations (Argent office and field staff) and capital spending Oil weighted production 67% of production volumes…
Contact: Sean Bovingdon, President and CFO Steve Hicks, COO 500, 321 6th Ave SW Calgary, AB T2P 3H3 403.770.4809 infoargentenergytrust.com www.argentenergytrust.com TSX:AET.un
Appendix TSX:AET.un 21
Structure Tax efficient mutual fund trust structure Interest and operating deductions result in no material U.S. taxes for several years No SIFT tax in Canada Only Canadian tax is at unitholder level, deferred if in registered…
Argent Energy Trust Executive Team Executive Background Rick Louden Over 35 years of executive and management experience in oil and gas industry Executive Chairman Former Co-CEO & President of Argent Energy Ltd. Former President & CEO of…
Argent Energy Trust Board of Directors Director Background Rick Louden See management bios Executive Chairman John Brussa Senior Partner & Head of the Tax Department of the law firm Burnet, Duckworth & Palmer LLP Vice Chairman Director…
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