ABOUT TORO Light oil acquisition, consolidation and organic growth focused in the Alberta / Saskatchewan Viking light oil fairway. The fastest growing company in the Viking fairway in the past 8 months. Raised 62 MM and completed 6…
TORO OIL & GAS PROFILE STOCK SYMBOL (TSX Venture) TOO BASIC SHARES 56.6 million DILUTIVE SECURITIES 17.6 million FULLY DILUTED SHARES 74.1 million INSIDER OWNERSHIP 19.0% (basic) 35.7% (fully diluted) MARKET CAPITALIZATION(1)…
NON-DILUTIVE FINANCING & PVR Non-Dilutive Financing of 12MM along with 4MM acquisition fund with Source Rock Royalties Ltd. Commitment of Production Volume Royalties granted to Source Rock in two components: 8MM Binding PVR will be…
PVR Yearly Schedule & Metrics PVR Structure well within Toros operational capability (all amounts in bbls/d) 8 million 4 million Production coverage on the 8 well commitment addresses PVR barrels for first 6 years alone Year…
VIKING LIGHT OIL FAIRWAY AB SASK Anchor asset is a low decline, large oil Halkirk in place pool with significant near term development Provost opportunities Hamilton Toro controls 122 net Lake Kerrobert Prairiedale sections of…
TORO ALBERTA VIKING ASSETS Operated asset with low decline production base 567 boepd(1) of 35 API Viking light oil production 122 net sections of land Hamilton Lake 150 development locations internally identified 79 net…
HAMILTON LAKE VIKING UNIT 100% working interest in Viking Unit Very low drilling density average 2 oil wells per section Only 8 horizontals drilled to date Unit OOIP of 300 MMbbl with only 5% recovered to date Waterflood…
HAMILTON LAKE POOL HISTORY PAGE 9
HAMILTON LAKE TYPE WELL 140 D,C,E&T cost of 120 950K High rate of return Oil Production Rate (bopd) 100 inventory of both Tier 1 80 and Tier 2 type wells provide flexibility in 60 low commodity price environments 40…
CONSORT AREA 38 Net (100%) sections Moderate risk small e exploration upside 22 bypass pay wells Core samples Oil stained drill cuttings Seismic control Offset in all directions by Viking oil producers Toro to drill 4-5 Hz…
2015 CAPITAL PLAN & STRATEGY Initial Guidance: Conservative capital program of 12 million Defer drilling and completions to H2 2015 Focus on additional strategic land acquisitions in H1 2015 Plans for 6-7 wells to be drilled in…
SUMMARY Inventory of high-quality, low decline, large light oil in place pool 122 net sections of land in the prolific Alberta Viking fairway Upside potential includes horizontal drilling of Viking Unit, waterflood…
APPENDIX
BUILDING A SIGNIFICANT PRESENCE East Central AB & West Central SK Viking Land Holders 800 700 Net Sections of Land 600 500 400 300 200 Acquired in 2015 100 0 Toro controls 122 net sections of 100% WI operated…
VIKING TYPE WELL COMPARISON 100 75 Oil Production (bopd) 50 25 0 0 6 12 18 24 30 36 Months on Production Toro Tier 1 Toro Tier 2 Raging River (525) Beaumont Hz (202) Crescent Point (448) Spur (154) Spyglass…
TORO MANAGEMENT TEAM Barry Olson, President & CEO, Director 30+ years of engineering and senior management experience in the oil & gas industry Founder, President & CEO of Orleans Energy Ltd.: A TSX listed company that grew to 4,700…
TORO MANAGEMENT TEAM Neil Wilson, P.Eng., Vice President Engineering 20+ years of experience in field operations, reservoir engineering, A&D, and other senior management roles Independent Engineering Consulting, providing engineering…
BOARD OF DIRECTORS BANKER Chris Seasons NATIONAL BANK Independent Businessman 30 years of oil and gas technical management experience Past President of Devon Canada Corp. Former Chairman of the Canadian Association of Petroleum…
CONTACT INFORMATION TORO OIL & GAS LTD. 2200, 250 5th Street SW Calgary, AB T2P 0R4 Phone: 403-237-9996 Fax: 403-264-0416 Emergency phone: 403- 770-6832 Barry Olson President & CEO, Director Phone: 403-648-6801 Email:…
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