Argent Energy Trust Snapshot Argents 2015E production is expected to average approximately 4,500 BOE/d post-sale 67% oil and NGLs Argents assets are located in Texas and Wyoming and consist of: Established oil fields in Texas and…
Corporate Overview (AET.un) Market Capitalization: 16 MM(1) Enterprise Value: 274 MM ( 254 MM, post-sale) Units Outstanding (basic): 64.3 MM Unit Price Annual Range: 0.22 3.17 per unit Credit Facility: US110 MM (US80 MM post-sale)…
Strategic Plan 1) Preserve cash and maintain compliance and liquidity in the low commodity price environment. 2) Reduce overhead and operating costs. 3) Maintain average approx. 4,500 boe/d production in 2015 after asset sales, with…
Actions to date 1) Completed sale of Manvel sale on May 14th, expected close of Oklahoma and Kansas assets on June 30th, with total proceeds of 40.5mm going to pay down credit facility. 2) Reduction of staff in Calgary and Houston of…
Argent Assets Diversified portfolio of opportunities in Asset Location Texas and Wyoming Texas and Wyoming oil Legacy fields Established long lived production Power River Basin Parkman and Turner South Texas natural gas Oil…
Areas of Operation post sale Argent Energy Trust Total without Oklahoma, Kansas & Manvel - Q1 2015 proforma production of 3,804 net of royalty boe/d (4,891 WI) 67% Oil & NGL production - 13.9 NET MMBOE (17.4 WI) proved reserves, 66%…
Gulf Coast Fields Q1 2015 Proforma production of 2,070 net boe/d (2,777 WI) 40% Oil & NGL Operations in 2015 Gulf Coast Fields Sold Manvel Field Staff is focused on maximizing production and cost management. Upside Potential…
Eagle Ford / Austin Chalk Fields Q1 2015 Production of 801 net boe/d (1,019 WI) 96% Oil & NGL Operations in 2015 Eagle Ford / Austin Chalk Fields No drilling planned for 2015 Upside Opportunities Continued operational improvements…
Powder River Basin Fields Q1 2015 Production of 861 net boe/d (1,011 WI) 99% Oil & NGL Operations in 2015 2 Turner wells completed (3% WI) Powder River Basin Fields 4 Parkman wells drilled and stimulated, pending final completion…
Powder River Basin Wyoming Parkman Upside Operators including Devon, EOG, Petro-Hunt, Yates and others have been actively developing the Parkman and Turner in the immediate area of Argent acreage. Argent has identified approximately…
Powder River Basin Wyoming Turner Upside Operators including Devon, EOG, Petro-Hunt, Yates and others have been actively developing the Parkman and Turner in the immediate area of Argent acreage. Argent has identified approximately…
Other Capital Opportunities Additional approx. 46 capital projects (including 25 drilling locations) across Wyoming and Texas, with ave IRR% of 54%. Technical team evaluating opportunities to expand Powder River Basin plays.…
Summary Long life assets P+P Reserve Life Index (RLI) = 18.0 years(1) Proved RLI = 10.0 years(1) Oil weighted production 67% of production volumes including 5% NGL in 2015 accounts for 91% of revenue Hedging summary 2015: 2,000…
Contact: Sean Bovingdon, President and CFO Steve Hicks, COO 500, 321 6th Ave SW 2 Houston Center Calgary, AB 909 Fannin Street, 10th Floor, T2P 3H3 Houston, TX 77010 403.770.4809 281.847.1888 infoargentenergytrust.com…
Appendix TSX:AET.un 17
Structure Tax efficient mutual fund trust structure Administrator Unitholders Interest and operating deductions result in no Shareholder material U.S. taxes for several years No SIFT tax in Canada Investment in Units(100%) Income…
Argent Energy Trust Executive Team Executive Background Rick Louden Over 35 years of executive and management experience in oil and gas industry Executive Chairman Former Co-CEO & President of Argent Energy Ltd. Former President & CEO of…
Argent Energy Trust Board of Directors Director Background Rick Louden See management bios Executive Chairman John Brussa Senior Partner & Head of the Tax Department of the law firm Burnet, Duckworth & Palmer LLP Vice Chairman Director…
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