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MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp

Triangle Petroleum Corp · May 18, 2015 · 24 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 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 1
    CORPORATE PRESENTATION May 2015
  2. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 2
    TABLE OF CONTENTS Business Overview 4 Operational Overview 8 Financial Overview 13 Appendix 19
  3. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 3
    BUSINESS OVERVIEW
  4. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 4
    TRIANGLE PETROLEUM CORPORATION OVERVIEW BUSINESS OVERVIEW TPC wholly owned E&P subsidiary Independent E&P company operating in the Williston Basin FY2015 production of 11,441 Boepd (2% above high end of guidance); current…
  5. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 5
    BUSINESS OVERVIEW KEY INVESTMENT HIGHLIGHTS SUBSTANTIAL GROWTH FY2015 production increased 116% year over year (YoY) IN OPERATED Proved reserves increased 46% YoY(1) PRODUCTION AND Increased scale during FY2015 and FY2014 through…
  6. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 6
    SIGNIFICANT OPERATED PRODUCTION AND RESERVES GROWTH BUSINESS OVERVIEW NET SOLD PRODUCTION VOLUMES (BOEPD) 16,000 FY2016 Avg. Daily Production Guidance Sold 1st barrels at Clearbrook via 14,747 10 11,000 13,000 Boepd Caliber…
  7. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 7
    OPERATIONAL OVERVIEW
  8. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 8
    TRIANGLE USA CORE AREA MCKENZIE AND WILLIAMS COUNTIES OPERATIONAL OVERVIEW RECENT DEVELOPMENTS CURRENT TRIANGLE LEASEHOLD AND ACTIVITY 121 gross operated horizontal wells currently producing and 21 wells waiting on…
  9. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 9
    OPERATIONAL OVERVIEW DRILLING AND PRODUCTION PROFILE TUSA OPERATED WELLS COMPLETED (GROSS VS. NET) HIGHLIGHTS Reacted quickly to declining Gross AFEs expected to range between 7.58.5mm for oil price environment 17.0 FY2016, down…
  10. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 10
    OPERATIONAL OVERVIEW ROCKPILE ENERGY SERVICES RockPile Energy Services, LLC is focused on providing Best in Class pressure pumping and ancillary services in the Williston Basin EXPANDING CAPACITY AND CAPABILITIES GROSS WELLS…
  11. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 11
    OPERATIONAL OVERVIEW CALIBER MIDSTREAM Caliber Midstream Partners, LP is focused on providing gathering, transportation and processing in the Williston Basin Recent 34m equity infusion by FREIF will be used to fund newly executed 3rd…
  12. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 12
    FINANCIAL OVERVIEW
  13. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 13
    FINANCIAL OVERVIEW CURRENT POSITION CURRENT POSITION PROFORMA LIQUIDITY (MM) Share Price (as of May 12, 2015) 5.69 Total Cash 67 90day % Change 1.2% TUSA Credit Facility Availability 231 (1) Basic Shares Outstanding (mm) 75.2 RPES…
  14. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 14
    TRIANGLE PETROLEUM CORPORATION DEBT STRUCTURE OVERVIEW FINANCIAL OVERVIEW 136mm 5% Convertible Note (includes 16mm of accrued interest) Converts into TPLM common stock at 8.00/sh Interest paidinkind Triangle Petroleum USA…
  15. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 15
    FINANCIAL OVERVIEW STANDALONE CAPITAL BUDGET FOR FY2016 (ENDING JANUARY 31, 2016) BUDGET DETAIL (1) Capital Expenses FY2016 Proposed Budget (mm) E&P Operated Drilling Program 150165 E&P NonOperated Drilling Program 010 RockPile…
  16. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 16
    FINANCIAL OVERVIEW ADDITIONAL BUSINESS SEGMENT GUIDANCE Guidance details are subject to change based on the dynamic nature of the commodity price environment TUSASPECIFIC FY2016 ITEMS(1): ROCKPILESPECIFIC FY2016 ITEMS:…
  17. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 17
    FINANCIAL OVERVIEW RISK MANAGEMENT KEY HIGHLIGHTS HEDGE POSITION (BOPD) 6,000 Marktomarket value of hedge book was FY16 Collars 98/b Ceiling 62mm as of January 31st 87/b Floor (BOPD Hedged) 4,500 Hedging program consists…
  18. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 18
    APPENDIX a) RockPile: Vertical Integration Profile b) Caliber: Vertical Integration Profile c) Historical Financials d) Reconciliations and Segment Information
  19. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 19
    APPENDIX ROCKPILE: VERTICAL INTEGRATION PROFILE ROCKPILES BENEFIT TO TRIANGLE ROCKPILE IMPLIED VALUATION Control 100% of largest E&P cost center Peer Average 2014 EV / EBITDA(3) 4.8x Dedicated high quality frac fleet and personnel…
  20. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 20
    APPENDIX CALIBER: VERTICAL INTEGRATION PROFILE CALIBERS BENEFIT TO TRIANGLE CALIBER IMPLIED VALUATION Secured long term gas and crude oil gathering and Peer Average 2014 EV / EBITDA(1) 22.3x takeaway capacity at market rates in the…
  21. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 21
    APPENDIX Q4 FY15 AND FY15 CONSOLIDATED INCOME STATEMENT Three Months Ended January 31, Year Ended January 31, 2015 2014 2015 2014 Revenues Oil, natural gas and natural gas liquids sales 63,023 49,372 284,502 160,548 (a) 93,965…
  22. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 22
    APPENDIX CONSOLIDATED ADJUSTED NET INCOME RECONCILIATION Q4 Fiscal 2015 Q4 Fiscal 2014 Fiscal 2015 Fiscal 2014 Net income attributable to common stockholders 38,906 14,246 93,397 73,480 (Gain) loss on equity investment derivatives…
  23. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 23
    APPENDIX Q4 FY15 INTERSEGMENT TABLE Exploration and Oilfield Corporate Eliminations Consolidated (a) Production Services and Other and Other Total Revenues Oil, natural gas and natural gas liquids sales 63,023 - - - 63,023…
  24. MAY 2015 CORPORATE PRESENTATION – Triangle Petroleum Corp – slide 24
    APPENDIX FY15 INTERSEGMENT TABLE Exploration and Oilfield Corporate Eliminations Consolidated (a) Production Services and Other and Other Total Revenues Oil, natural gas and natural gas liquids sales 284,502 - - - 284,502…

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