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JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc.

Manitok Energy Inc. · Jun 22, 2015 · 30 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. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 1
    Manitok Energy Inc. June 2015
  2. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 2
    Corporate Snapshot MEI on TSXV MKRYF US OTC CAPITALIZATION Market Capitalization at 0.82/share 70 million Common Shares Outstanding at June 17, 2015 85,089,784 Options (wgt avg exercise price of 1.76/share) 6,434,273 Insider Ownership,…
  3. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 3
    Experienced Management Team Massimo Geremia, President & CEO 25 years of public company experience in Oil &Gas, Real Estate and Finance; previously with Birchcliff Energy Ltd., Equatorial Energy Inc. & Boardwalk Equities Inc.; Cameron…
  4. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 4
    The People Board of Directors Bruno Geremia, C.A. - Chairman VP Finance & CFO, Birchcliff Energy (BIR TSX) Massimo Geremia President & CEO, Manitok Energy (MEI TSXV) Keith McLeod, P.Eng. Former Director, Partner, and CEO of Sproule…
  5. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 5
    Corporate Strategy Focus on Underexploited Conventional Reservoirs with Large OOIP Using latest drilling and completion technology to unlock oil reserves; Competitive Advantages in Core Areas Competition has been minimized with 8.3…
  6. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 6
    Continued Production Growth Despite Lower Oil Price Environment Average Production Volumes by Quarter (boe/d) 7,000 Acquisition of 1,800 Disposition of dry natural boe/d (55% oil) for 61.5 gas assets of 777 boe/d million at oil…
  7. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 7
    Wayne Acquisition Solidifies MEIs Competitive Position in the Area Total Purchase Price: 61.5 million Effective April 1, 2015; Closing June 1, 2015 Base production (est. June 1, 2015): 1,800 boe/d 1,005 bbls/d oil; 114 bbls/d NGL 4.1…
  8. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 8
    Wayne Facility Provides Greater Control of Ops and Production 1 mile west of Highway 9 by the Horseshoe Canyon Lookout Tourist Site Constructed in 1993 as a zero emission pro-ration oil battery Includes acid gas injection Wayne 1-20…
  9. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 9
    Battery Surrounded by Drilling Locations 51 locations (30 Lithic Glauc and 21 BQ) within a 5 mile radius of Wayne 1-20 battery location; An additional 30 locations if extended to a 8 mile radius to total 90; Short tie-ins to…
  10. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 10
    Tremendous Upside with Lithic Glauc Drilling Inventory 159 Lithic Glauc Drilling Locations 1 28 locations at Carsland; based on 4 Hz wells per section; Beiseker Wayne - 21 locations in Beiseker and Strathmore 2 North areas; 110…
  11. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 11
    Significant Upside with BQ Drilling Inventory in Addition to Glauc 137 Basal Quartz Drilling Locations Beiseker Wayne - 28 locations at Carsland; North 81 locations at Wayne; 28 locations in Beiseker and Strathmore areas; The above…
  12. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 12
    Large Scale Opportunity at Entice R25 R24 R23 New Pool Log Mannville well density plotted on map Leads 55 have T30 Swallwell Nisku Pools Wayne-Rosedale BQ been identified. Wbmn Swalwell Cum 5 Nsku Wayne A Pool (Ellerslie) D-1 A…
  13. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 13
    Multi-Stage Fracs - Key to Unlocking Variability of Reservoir Quality CVE 100/11-15-27-18W4 Cenovus (CVE-TSX) Operated Wells CVE 102/13-15-27-18W4 Vertical, deviated well, RR 2009 Horizontal Well, RR 2011 BQ (ELRL) Cum: 8,163 BO Wayne…
  14. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 14
    MEI Wells Ahead of Lithic Glauc Analog Wells Drilled by Cenovus Cenovus Hz Drills 2010-2013 Bantry/Cessford/Countess Glauconitic(1) NCS Multistage 600 (uncemented, Hybrid) 2010 2011 2012 2013 NCS Multistage (cemented) 500 PP…
  15. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 15
    1) Initial Production 90 days (boe/d) 100 200 300 400 500 600 700 800 0 100/4-16-27-19W4/0 100/13-28-27-20W4/0 2010 102/14-28-27-20W4/0 100/4-32-26-18W4/0 100/16-15-27-18W4/0 100/2-10-27-18W4/0…
  16. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 16
    2014 Entice Exploration Drilling Program Very Successful Lithic Glauc Vertical & 2 horizontal Lithic Glauc wells tested at planned Hz offset wells Beiseker combined flowing rates of over 1,565 boe/d (649 bbls/d of 40 API oil); MEI…
  17. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 17
    Exceptional Exploration Success Top 10 Horizontal Glauconitic Producing Wells in Southern Alberta Rank Unique Well ID IP 30 IP 60 IP 90 Current Operator Name Spud Date 1 100/16-32-022-25W4/00 820 750 - Manitok 18-Sep-14 2…
  18. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 18
    Revised Land Agreement Provides Greater Opportunity and Flexibility Revised Agreement with Prairie Sky and acquisition of petroleum and natural gas rights on additional lands in exchange for 4% Stolberg GOR Adding 188 sections (1…
  19. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 19
    Significant Upside with Carseland Lithic Glauc at Current Oil Prices 2 horizontal Lithic Glauc wells tested at combined flowing rates of over 1,565 boe/d (649 bbls/d of 40 API oil); 16-32 well with IP30 rate of 820 boe/d and IP60…
  20. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 20
    Economics Solid for Basal Quartz at Carseland at Current Oil Prices 4 successful BQ wells drilled to date; 14-33 well with IP30 rate of 604 boe/d and IP60 rate of 445 boe/d; Total BQ horizontal drilling inventory at Carseland is 28…
  21. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 21
    Stolberg Drilling Upside and EOR Plan Up to 3,100 to 4,400 net boe/d (50% oil) of potential production upside remaining: Cardium Oil 15 (6.8 net) wells; +2,580 net boe/d unrisked; Cordel Structure +1,800 net boe/d risked at 70%;…
  22. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 22
    Why Invest In Manitok Energy Management team was able to successfully complete a large acquisition, relative to Manitoks production and market cap, with strategic significance during the recent low oil price environment; Management…
  23. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 23
    Comparables MEI at Great Value NBF Energy Compsheet 6/18/2015 Ticker P/CF EV/DACF EV/boe/d EV/boe P/NAV 2015e Hedging 2016e CFPS D/CF 2015e 2016e 2015e 2016e 2015e 2016e (/boe) (x) Oil Gas Sensitivity 2015e 2016e (x) (x) (x) (x)…
  24. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 24
    APPENDIX 26
  25. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 25
    Updated Type Curves Plains Area April 2015 Type Curves 250 Lithic Glauc Basal Quartz 200 Oil Production, bbl/d 150 100 50 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33…
  26. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 26
    Top Tier Initial Production Rates at Carseland Test Rates IP30 Rates IP60 Rates Oil Natural Natural Gravity Oil Gas Total Oil Gas Total Oil Natural Gas Total Well (API) (Boe/d) (Mmcf/d) (Boe/d) (Boe/d) (Mmcf/d) (Boe/d) (Boe/d)…
  27. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 27
    Great Start to Carseland Production With Only 3 out of 6 Wells on Carseland Sales Production (February April 2015) 29
  28. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 28
    Outperforming Reserve Report Carseland Wells: 3-28, 16-32 and 14-33-22-25w4 30
  29. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 29
    Carseland / Wayne - Lithic Glauc Log Comparison Carseland Area 1 Area 2 Area 3 Area 4 31
  30. JUNE 2015 INVESTOR PRESENTATION – Manitok Energy Inc. – slide 30
    Hedging at June 15, 2015 Subject of Notional Average Contract Contract Quantity Remaining Term Reference Strike Price Traded Oil 1,000 bbls/d January 1, 2015 to December 31, 2015 CAD WTI 95.00 Swap Oil 500 bbls/d January 1, 2015 to…

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