CORPORATE PRESENTATION Technology in Tools September 2010
Investment Highlights Leading worldwide provider of fishing and intervention tools with significant market share and blue chip oilfield service customer base Successful acquisition of technology driven and patented products to drive…
Logan Snapshot (TSX: LII) Market Value (basic) (4) CAD184 MM Basic shares outstanding (4) 33.2 MM Net debt (3) US29.3 MM Total credit facilities (3) US50.3 MM Held by insiders (4) 54% Number of employees (4) 700+ (excl. seasonal)…
Logan International Inc. Logan Oil Tools Acquired in 2006 Market leader in downhole fishing and intervention tool markets Logan commands approximately 56% of the domestic and 36% of the international fishing and intervention tool…
Source Acquisition In May 2010, Logan acquired Lloydminster, Alberta based Source Energy Tool Services Inc. (Source) Source provides downhole equipment and services including: workover, completion, fishing and drilling motor…
Complete Oil Tools Acquisition August 2010 Logan acquired Calgary based Complete Oil Tools (Complete) Complete provides downhole tools and service in intervention and completion Complete has five service locations in Alberta, BC…
North America Sales Offices / Stores Canadian Footprint B.C. Calgary, Canada ALBERTA Fort St. John Grande SASK. Prairie Recent acquisitions Bonnyville Williston, ND have provided an Edmonton extensive North Lloydminster American…
Global Sales & Representatives Aberdeen, Scotland Canada Calgary, AB United States Houston, TX Kuwait China Algeria Libya Saudi Arabia India Dubai, Vietnam Egypt Venezuela UAE Pakistan Philippines Yemen Oman…
Management and Board Management Gerald Hage Chief Executive Officer, Director David Jones Chief Operating Officer, Downhole Tools & CFO Larry Keister Vice President, Finance & CAO Pete Scott President, Destiny Board of Directors David…
Growth Strategy Focus on completion, intervention and technology-driven products Grow organically and through acquisitions; concentrate on international markets Acquire companies that meet the following criteria: New product line…
Growth Potential Current market dynamics support growth in the downhole/fishing tools and completions segments Significant increase in the number of horizontal and directional wells that are being drilled The majority of Logan…
Growth Potential Horizontal well completions are experiencing significant growth Logan / Source is well positioned to take advantage of increased horizontal drilling Wells Drilled Canadian Wells Drilled by Type % Hz / Directional…
Growth Potential The number of U.S. rigs drilling horizontal and directional wells has been significantly increasing. U.S. Average Total Active Rigs by Type Avg. Total Active Rigs % Hz / Directional 2,000 60% 1,600 48% 1,200…
Market Share Overview The worldwide fishing and intervention tool market is approximately 200 - 250 million and growing Logan commands over 56% of the U.S. domestic and 36% of the international fishing and intervention tool markets…
Logan Oil Tools Logan Oil Tools was established in 1971 In December 2006, Logan Oil Tools was acquired by New York based private equity firm, Cadent Energy Partners LLC World class downhole tool manufacturing experts with 143,000…
Dennis Tool Company (DTC) Founded in 1988 by Dr. Mahlon Dennis and acquired by Logan Oil Tools in September 2009 Houston-based DTC operates out of a 40,000-square-foot state-of-the-art manufacturing facility DTC has over 30 patents;…
Dennis Tool Company Products Co-developed Microwave Sintering Carbide (MSC) with Penn State. MSC, delivers improved hardness with increased wear and corrosion resistance. MSC inserts are used in roller cone drilling bits DTC also…
Destiny Resource Services Corp. Destiny is the industry leader and premier provider of front end seismic services in North America Offices in Calgary, Grande Prairie, and Houston Expanding base operations in the Appalachian basin…
Destiny Services Destiny Drilling is one of the worlds largest shot hole drilling contractors providing heliportable, buggy, and low impact tracked drills Destiny Geo-Positioning is an industry leader utilizing several proprietary…
Source Energy Tool Services Field service operations in six locations in Alberta and Saskatchewan Source has material growth potential from its proprietary Multi Stim system: The advantage of Multi Stim is that post-fracturing, the…
Multi Stim Market Potential Positioned for Growth North American market is over 1 billion annually Source introduced the Multi Stim product line in October 2009 Successfully executed 39 Multi Stim completions Current backlog of 10…
Logan Contact Information Gerald Hage Chief Executive Officer gerald hageloganoiltools com gerald.hageloganoiltools.com Houston (281) 617-5300 Calgary (403) 692-1375 David S. Jones, Chief Operating Officer, Downhole Tools & CFO dj…
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