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THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd.

Tamarack Valley Energy Ltd. · Aug 20, 2014 · 22 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. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 1
    TVE: TSX-V www.tamarackvalley.ca Establishing Top Tier Sustainable Growth August 2014 1
  2. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 2
    The Tamarack Team Management Board of Directors Brian Schmidt, President & CEO Floyd Price, Chairman Current: CAPP Chair, IOGC Board Member Current Directorships: Cimarex Energy, Former: Spearpoint Energy (President), Source Energy…
  3. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 3
    Tamaracks Strategy 1. Select the Right Real Estate Non - Select high hydrocarbon in place Resource Play Conventional (4 mmboe or 25 bcf per section) Tamarack Tight Sands (Cardium, Viking, Demonstrate success in analogs Deep…
  4. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 4
    Tamarack Perspective and Culture 1. Build a sustainable, predictable and reliable growth company Full cycle rate of return driven Development inventory with payout 1 to 1.5 years maximum (top quartile in the industry) Clear line of…
  5. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 5
    Tamarack Profile - TVE Corporate Operational 2012 2013 2014 % Revised Change Guidance 2013-14 Shares outstanding (mm) 60.2 Production (boe/d) 2,166 3,276 5,500-5,700 71 Fully diluted (mm) 65.2 Exit production (boe/d) 2,704 4,718…
  6. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 6
    Year Over Year Delivery 8000 0.45 Completed Completed Natural gas Sure Energy 60 mm equity 0.40 7000 Oil & liquids acquisition financing Cash flow per share (debt adjusted) 0.35 Cash flow per share (debt adjusted) 6000…
  7. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 7
    Premier Oil Areas Repeatable, Sustainable, Scalable Viking Oil greater Redwater area Existing TVE Core Areas Play 4 Location confidential 23 net sections Q2/14 Production 1,247 boe/d 110 million barrels OOIP Netback 58-63/boe 60%…
  8. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 8
    Growth in Drilling Scope Risked Development Drilling Locations (85% COS) Wells booked in 2P reserves Risked drilling locations 400 Total Risked Upside Drilling Locations 365 369.3 Over 8-10 years of development 350 drilling…
  9. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 9
    West Central Cardium Summary Farm in increased net prospective Cardium sections by 900% (132 net sections) Drilling results are exceeding area performance and budgeted expectations Pembina TVE Cardium production is sent to 9…
  10. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 10
    Greater Pembina Area Results Normalized Average Well Production (boe/d) 600 Budget type curve 500 Actual / estimate ACTUAL production PRODUCTION Unconstrained production UNCONSTRAINED PRODUCTION 400 120 day IP budget 233…
  11. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 11
    Viking Oil Trend Trend is characterized by: Virginia Hills TVE High OOIP / sec 100% North Redwater / Westlock Successful step out well Shallow depth JV with a major drilled in late 2012 Will drill in 2014 without Low gas oil…
  12. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 12
    Redwater Area Results Normalized Average Well Production (boe/d) Includes Three 1-mile Wells 160 Budget 140 Current forecast CURRENT FORECAST 120 120 day IP budget 61 boe/d 120 day actual / estimate 90 boe/d (+48%) Gross…
  13. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 13
    Upcoming Catalysts TVE finished its most active quarter (Q2/14) in the history of the company; results will be the topic in August / September, 2014 9 (6.3 net) Cardium wells, 15 (11.7 net) Viking wells and 4 (4.0 net) Hatton heavy…
  14. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 14
    Summary Tamarack is growing production and reserves with a repeatable predictable program in both the Cardium and Viking plays Well results are better than budgeted on both the Cardium and Viking plays Guidance was achieved for the…
  15. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 15
    Appendix 15
  16. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 16
    Proven Management Team Former President & CEO Spearpoint Energy sold in Aug/09; 7 years with Apache Canada, Brian Schmidt last 3 as President. Production grew from 18,500 to 110,000 boe/d in 7 years; invested President & CEO 4.5…
  17. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 17
    Current Hedges as at August 7 2014 Term Hedge type Counterparty Volume Pricing July 1, 2014 to September 30, 2014 WTI fixed price Macquarie Bank 900 bbls/d Cdn 92.77/bbl October 1, 2014 to December 31, 2014 WTI fixed price Macquarie…
  18. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 18
    Building Credibility - Six Month Review What we said we would do What we did in Objectives for Q413 / Q114 Q4 2013 Q2 / Q3 2014 Produce 4,050+ boe/d average Achieved 2013 production guidance and Produce 4,700 boe/d average for…
  19. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 19
    Building Credibility - Six Month Review What we said we would do What we did Objectives for Q2/Q3 2013 Q2/Q3 2013 Q413 / Q114 Live within means, keep debt/CF Achieved YE target: Debt/CF dropped to Produce 4,050+ boe/d average for…
  20. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 20
    Reserves Summary 25,000 P+P Reserves (mboe) 345.0 0.600 Reserve Value PV10 (millions) 9.00 0.559 Natural Gas Natural Gas 8.17 NGLs 295.0 Oil & Associated Products 8.00 0.500 /WASO 273.2 (+62%) 20,000 Oil 18,685 (+67%) 0.433 6.58…
  21. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 21
    Overview Large Top well Top tier cost undeveloped/ Sustainable results in core management un-booked growth model assets inventory Pembina Cardium (1 to 1.5 mile wells) 3.25-4.4 mm/well Avg. payback 8-14 mo. Over 82,000…
  22. THE ENERCOM OIL AND GAS CONFERENCE – Tamarack Valley Energy Ltd. – slide 22
    TVE Contact Information Tamarack Valley Energy 3100, 250 6th Avenue SW Calgary AB T2P 3Y7 Tel: 403.263.4440 www.tamarackvalley.ca infotamarackvalley.ca 22

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