Light Oil Focused Growth Corporate Presentation July 2015 TD Securities Calgary Energy Conference TSX-V : SKX SKX TSX-V
Investment Highlights Striker Exploration Corp. is a junior oil and gas exploration and production company aggressively executing a Western Canadian based, light oil focused growth strategy Fundamental Value Reserves, production,…
Striker Profile TSX Venture listed SKX 26.8 million Basic shares (28% insider held) Dilutive securities (strike price at 2.40+) 11.5 million 38.3 million Fully diluted shares (37% insider held) Market capitalization (2.04 per…
2015 Guidance (Revised May 27, 2015) Forecast average full-year 2015 production: Light/medium oil (bbls/d) 1,525 NGLs (bbls/d) 100 Natural gas (mcf/d) 6,150 Oil equivalent (boe/d) 2,650 Capital expenditures 22.0 million Funds…
Debt/cash Flow Peer Comparison 2015E D/CF Universe Comparison Strip 2015E D/CF Peer Comparison Strip Note: (1) Source: Dundee July 2, 2015. (2) 2015 Strip as of July 2: WTI US55.74 per Bbl, AECO C2.71 per Mcf. (3) Peers include…
Net Asset Value at December 31, 2014 (Prior to Wilson Creek Acquisition) NPV Btax at 10% Net Asset Value(1) (M) March Year End March March Category Year End 2015 Year End Year End 2014 2015 2015 2014 Strip Net Debt 2014…
WCSB Light Oil Footprint I F E EEL E J JJ J J J IJ JEEE EEEEEEEEEEI J EEJ SE J SEEE LK L K J MI E JJ EEEEE EI EEEI I E I EEE E SESJEE EEEEE ES E L K EE E JJ EEDJ I EEE J EEEEJ EEI EE EEE ES E JEJ J J EEEEI I J I EEE J…
Belly River Fairway J Oil gravity 40 degrees API Data-rich I over 2,200 Belly River vertical oil wells J J Under-exploited only 204 Belly River Hz oil wells to date I KJI I I I J 4 to 6 million barrels of OOIP per zone…
Striker Belly River Single Well Economics Based on 60 WTI pricing, 2.25 million per hzl well and Crown royalties Proved + Proved + 90 Day IP Payout Probable Tier Probable ROR (%) (bbls/d) (months) Reserves NPV10 (M) (Mbbls) 1 7…
Striker Belly River Single Well Economics Based on 70 WTI pricing, 2.25 million per hzl well and Crown royalties Proved + Proved + 90 Day IP Payout Probable Tier Probable ROR (%) (bbls/d) (months) Reserves NPV10 (M) (Mbbls) 1 7…
Wilson Creek Belly River Acquisition Attributes 30 29 28 27 26 25 30 29 28 27 26 25 30 29 28 27 26 Consistent with stated goal J of pursuing shallow light oil Lower-risk, geologically-identified Belly River growth 22K U horizontal…
Chigwell Belly River Project G S G D F G C G C G G One high impact Belly River horizontal L K with follow- Full control of Belly River oil pool with abundant L D L 12 7 8 9 10 11 12 7 8 9 10 11 D F G up potential G and…
Chigwell 02/15-28 Belly River Production April 2015 field-reported production 390 boepd (86% oil and NGLs) On production since November 2013 with cumulative production of 185 Mbbl liquids and 314 MMcf to March 31, 2015 Steady…
Brazeau Belly River Project C One high impact Belly River horizontal with meaningful follow-up potential A E V E L G E K E UF G A Full control of Belly River oil pool that V 9 10 11 requires further development/delineation…
Brazeau 16-04 Belly River Production The well was shut in March 11 due to the TCPL outages. Management expects the well to produce in the 300 to 400 boe/d range once production resumes. TCPL outages predicted to be intermittent for the…
Opportunity Driven / Execution Focused I J IJ II EE EE I J I KII JI I II J Belly River Focus II JJ S E J J E E Numerous technical leads K J ESE J E ES F JS L I E EIJ I F JEJ J IEEEII K JJ SJES E…
Summary Deep value proposition Financially disciplined High torque Belly River drilling inventory Vast opportunities to expand land base value - discipline - growth 18 SKX TSX-V
Contact Info Doug Bailey President and CEO Corporate Partners 1.587.794.4721 Auditor KPMG LLP dbaileystrikerexp.com Reserves GLJ Petroleum Consultants Striker Exploration Corp. Bank Syndicate TD Bank & National Bank 1250,…
Appendices 20 SKX TSX-V
Management Team Doug Bailey Over 20 years of business and financial management in E&P. Prior experience: Founder and CFO President & CEO (Director) of Hyperion Exploration, Canadian Phoenix Resources Corp. Frank Muller, P.Geo. Over 30…
Board of Directors Founder, President & CEO and Chairman of Raging River Exploration Inc. Previously was Founder, Neil Roszell President, CEO and Director of Wild Stream Exploration Inc., Wild River Resources., and Prairie Schooner…
July 2015 Capitalization Table CAPITAL STRUCTURE Shares Subscribed or Strike Price Dollars Shares outstanding prerecap 956,948 3.92 3,750,327 Issued in June 2014 recap 12,500,000 2.00 25,000,000 Issued in August 2014 rights offering…
Sensitivities to Changing Oil Price for 2015 Strip WTI USbbl 40 50 70 (56.72 - 61.68) Revenue - Oil and Gas 31.08 36.14 41.09 46.27 Royalties (4.80) (5.85) (7.16) (8.62) Operating (11.64) (11.64) (11.64) (11.64) Transportation…
Corporate Reserves at December 31, 2014 (Prior to Wilson Creek Acquisition) Oil & Gas Total FDC NPV Btax at 10% NGLs Category Net PUDs Year End (Mbbls) (Mmcf) (Mboe) (MM) Pricing /boe (M) Proved Developed Producing 2,561 11,918…
Drayton Valley Cardium Oil F E E Nine top-tier horizontals with low-risk downspacing F A potential EE M I I S EE S E E EE EE Drilled 2 Cardium horizontal oil wells in Q4/2014 EE E E which were on production in Q1/2015 J…
Killam Lloydminster Oil E L F K C F K L L L G 6 F 5 4 3 2 Drilled 3 Lloydminster horizontal oil wells in Q4/2014 which will be completed and on production in Q3/2015 C F K U V VV Full control of Lloydminster medium (28API)…