TVE: TSX-V Corporate Presentation Peters & Co. Limited 2012 Energy Conference September 2012 1
Why TVE, Why Now The spring drilling program is the most successful in Tamaracks history (lower costs and higher production) The recently acquired Redwater Viking oil asset has exceeded acquisition assumptions on base production and…
TVE Capital Structure & Guidance Current trading price (pre-consolidation 0.16-0.18) 1.80 - 2.20 Shares outstanding - Basic 29.7 million - Fully diluted 32.95 million Market capitalization 59-73 million Enterprise value 105-115…
TVE Growth Production Growth Per Share Growth 1,500 1.0 Oil and NGLs (bbls/d) 1,250 0.8 1,000 0.6 750 0.4 Per share 500 0.2 Cash flow per share 250 0.0 Oil production per 10,000 shares BOE per 10,000 shares 0 -0.2…
Spring Drilling Results Production Cumulative IP Rates (boe/d) Uplift to IP30 IP60 IP90 Production (boe) Budget Lochend (88% oil) Water frac +36% 645 474 370 35,100 since May 24/12 Oil frac 452 328 265 Risked budget 473 390 324…
Spring Drilling Program - Shorter Payback Periods Lochend Garrington Viking 120 120 40 Water frac Water Frac 4 well average Oil frac Oil frac 35 Acquisition 100 100 30 With oil 80 Water frac 80 Water frac battery 25…
Redwater Performance 1,000 100 2012 drills (3.7 net wells) Acquisition forecast Calendar day oil production (bbls/d) 900 Echoex Base 4 well calendar day average 800 80 Daily oil production using field estimates Producing…
Oil Drilling Inventory 300 Significant running room left to de-risk 259.1 locations Will apply Redwater learning's to Foley Lake & 250 25.0 Westlock Number of Net Locations 35.0 200 Industry to help de-risk Foley Lake 90.0…
Remaining Deliverables for 2012 Drill 6-8 Viking wells commencing Oct/12 Frac 2 (1 net) Lochend wells and place on production (late Sept) Complete 2 heavy oil wells; drill 1 or 2 more in Manitou Lake Participate in infrastructure…
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