Arsenal Energy Inc. Corporate Presentation TSX: AEIPresentation Corporate OTCQX: JuneAEYIF 2015 June 2015
Arsenal Energy Valuation Exploration - Trading at enterprise value of 3.6X estimated Princess, Alberta - Detrital and Glauconite 2015 cash flow vs. peer group at 5.7X - added 1,000 Boe/d in 2014 - Dividend payout ratio of 10% vs…
Key Corporate Information Corporate Information Current Production (Boe/d) 3,900 Shares issued and outstanding (basic MM) 17.9 Production split: Light oil 36% Total insider ownership 25% Medium oil 40% Management and Directors…
Production/Cash Flow Growth 2015 Guidance (all estimated): Average production 4,100 Boe/d 2015 capital program - 23.5 million 6 wells planned at Princess 6 (0.89 net) Bakken wells drilled at Lindahl 1 Viking horizontal well…
Core Areas of Operation Desan, BC Legend Gas: 500 Boe/d Oil Gas Evi, Alberta Light oil: 200 Boe/d Provost, Alberta Medium oil: 700 Boe/d Princess, Alberta Medium oil: 1,200 Boe/d North Dakota Light Oil: 1,300…
Stable Base Production Chauvin - Waterflood Reserves Legend (Bbls) Arsenal Energy Wells At acquisition Aug 2008 708,000 Production since acquisition (680,000) Positive revisions 635,000 December 31, 2014 663,000 Reserve…
Stable Base Production Desan Jean Marie Gas Reserves Legend Arsenal Energy Wells (Bcf) At acquisition Oct 2011 7.3 Production since acquisition (4.8) Positive revisions 4.6 December 31, 2014 7.1 Reserve booking at…
Stable Base Production Provost Cummings Y -Waterflood Reserves Legend (Bbls) Arsenal Energy Wells At acquisition Dec 31, 2010 807,000 Production since acquisition (193,000) Positive revisions 256,000 December 31, 2014…
Stable Base Production Princess Basal Mannville - Waterflood Reserves Legend Arsenal Energy Wells (Bbls) At acquisition Dec 31, 2010 675,000 Production since acquisition (356,000) Positive revisions 100,000 December 31, 2014…
Stable Base Production + Strong Development Inventory + Exploration Upside 12
Low Risk Bakken Development Stanley, North Dakota Legend Producing Wells Legend Netbacks Cdn/Boe Current 2014 Wells Producing Drills Revenue 59.09 Future Drills Drills Future Royalty 18.00 Operating 4.00 Netback 37.09…
Low Risk Bakken Development Lindahl, North Dakota Legend Netbacks Cdn/Boe Current Producing wells 2014 drilled Revenue 59.09 2015 budget Royalty 15.50 Operating 6.50 Netback 37.09 Lyla Pad Blikre Pad 11.47% 4 wells 15.20% 4…
Lindahl Drill Economics Bakken / Three Forks Bakken Three Forks PRODUCTION AND RESERVES Initial production (30 day) (Boe/d) 459 532 Full year average production (Boe/d) 248 309 Reserves ( P+P MBoe) 478 600 ECONOMICS (assumes…
Stable Base Production + Strong Development Inventory + Exploration Upside 16
Princess - Detrital and Glauconite Netback Cdn/Boe Current Revenue 56.15 Royalty 12.93 Operating 13.50 Netback 29.72 Legend Oil Wells Gas Wells 2013 2014 Exploration Drilled 15 oil wells, 1 gas well Increased production from 300 Boe…
Princess Drill Economics Detrital Glauconite PRODUCTION AND RESERVES Initial production (30 day) (Boe/d) 282 195 Full year average production (Boe/d) 155 101 Reserves ( P+P MBoe) 197 103 ECONOMICS (assumes forward strip…
Provost - Viking Oil Price Sensitivity Provost Viking (100% and Operated): 1.0 million/well DCE&T 52,000 Boe of 2P reserves Medium gravity (25API) oil Robust economics 60.00 WTI per barrel Corporate Presentation June 2015 19
Growth Properties Three Year Drilling Inventory Gross Net Gross EUR / Development Time Frame Drill Locations: Locations Locations well (Boe) Estimate Princess - Mannville Detrital (oil) 17 17 197 2015-2017 Glauconite (oil) 4…
Highlights Low Decline Rate Base decline of 10% on approximately 2,300 Boe/d Corporate decline rate of approximately 25% Growth History Stable Base Production Consistent growth in production and cash flow 2015 Drilling Program +…
Corporate Information Officers Directors Independent Reserve Engineers Deloitte LLP Tony van Winkoop Neil MacKay President and CEO Chairman of the Board Banks ATB Corporate Financial Services J. Paul Lawrence Tony van Winkoop…
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