Capitalization and Key Metrics Financial TSX Symbol TT Shares Outstanding (basic) 106.7 MM Current Share Price approx. 0.07 Market Capitalization approx. 7.5 MM Total Net Indebtedness1 approx. 22.8 MM Operational 2015-Q1 Average…
Background Montney Sales Completed New Business Plan Adopted in 2014 Terra Energy has successfully built and sold two separate unconventional Montney gas asset packages. The first was sold in 2008 and the second was sold in…
Strategies for 2015
Strategies for 2015 The upstream oil and gas sector in Canada is currently challenged with low commodity prices for both oil and natural gas. Manage and control costs, reduce both operating costs and G&A Sale of non-core oil and gas…
2015 Operational Improvements and Additions
2015 - Operational Improvements and Additions The Company has a significant inventory of projects which involve operational improvements, tie-ins and recompletions. The following is a listing of highest priority projects. Creation of Gas…
2015 - Operational Improvements and Additions Installation of Booster Installation of a booster compressor requires a facility amendment application to be made Compression at to the BC Oil and Gas Commission. This compressor will allow…
Key Oil Plays Advancement on Hold
Key Oil Plays Advancement on Hold Focus Shift Two Key Oil Plays Terra has shifted its focus to oil and NGLs Terras organization, management, technical and G&G teams along with field personnel have evolved to carry out this focus shift…
Key Oil Plays Advancement on Hold Focus Shift More Oil and NGL Plays More oil plays include: Light oil at Grande Prairie, Alberta Light oil at Boudreau, B.C. All plays are: Located on Terras existing land base High working interest…
Key Oil Plays Advancement on Hold Two Key Oil Plays plus More Oil Plays Overview Balanced and diversified Stoddart British Columbia portfolio of oil-weighted plays Red Creek Geographically Boudreau Alberta Fort St. John…
Key Oil Plays Advancement on Hold Two Key Oil Plays Belloy Light Oil at Stoddart 8 recompletions have been conducted in 2014 Takes advantage of existing facilities and infrastructure Potential of more than 30 horizontal wells are…
Key Oil Plays Advancement on Hold More Oil and NGL Plays Charlie Lake Light Oil at Grande Prairie 2 existing tied in and tested wells at Grande Prairie (approx. 50 bopd allowable for each)1, construction is now completed, production…
Summary
Summary Advancement of Terras new business plan has been placed on hold for at least one entire year. The business plan and development strategies remain sound and await recovery of oil and gas liquids pricing. Terra owns properties with…
Appendices
Appendix A Reserves at December 31, 2014 Oil Natural Gas Liquids Total Total Reserves Category (mbbl) (mmcf) (mmbl) (mboe) PV at 10% (m) Proved Producing 863 29,540 538 6,324 47,337 Proved Non-Producing 924 13,090 195 3,300 29,134…
Appendix B New Business Plan Plan is: To build a balanced and focused energy company, which is highly attractive to our investors and to other industry participants Key Elements Balance is between oil/gas commodities by volume (or…
Appendix B New Business Plan & Supporting Strategies Near Term Goal: Focus on Oil and NGLs 2018 and beyond - Build focused, profitable 2016 and 2017 and desirable asset base - Move to higher impact investments - A profitable,…
Appendix C Map of Core Operating Areas British Columbia Alberta Total Undeveloped Lands Total Undeveloped Lands 235,327 Gross Acres 122,675 Gross Acres 133,938 Net Acres 83,822 Net Acres TOTAL UNDEVELOPED LANDS 358,529 Gross…
Appendix D Summary of Hedging Position as at March 31, 2015 2015 1 Apr 30 May 31 Jun 30 Jul 31 Aug 31 Sep 30 Oct 31 Nov 30 Dec 31 Volume (GJs/day) 0 8,000 8,000 8,000 8,114 8,502 8,502 8,000 8,000 8,000 Average Price (CAN/GJ) 4 3.3916…
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