Introducing Tamarack Valley Energy We are a junior oil and gas company focused on increasing liquids production and reserves through the identification and operation of properties throughout Western Canada. ... We have a…
Why TVE, Why Now The spring drilling program is the most successful in Tamaracks history demonstrating wells with less than a year payout and greater than 2, profit to investment ratio; cost reduction and increased prodn performance…
TVE Capital Structure & Guidance Current trading price (pre-consolidation 0.21-0.25) 2.75 - 3.00 Shares outstanding - Basic 29.7 million - Fully diluted 32.95 million Market capitalization 90-100 million Enterprise value 130-140 million…
The Tamarack Team Management Board of Directors Brian Schmidt, President & CEO Floyd Price, Chairman Ron Hozjan, VP Finance & CFO Anthony Lambert Niels Gundesen, VP Engineering Dean Setoguchi Ken Cruikshank, VP Land David Mackenzie…
Tamarack Valley Competitive Advantage Established track record of accessing First Nations lands and impact drilling deals with major oil companies Consistent delivery of drilling results technical team drilled thousands of wells on…
Strategic Play Criteria Resource plays have high: Apache OGIP/OOIP 4 mmbbls/section OOIP or Non - 25 bcf/section GIP Resource Play Either with stacked pay sections or thick single zones Conventional Long life reserves Production…
Four Oil Play Strategy ALBERTA Resource Play 1 Resource Play 3 Lochend / Garrington SK Redwater / Foley Cardium Oil Shallow Viking Oil 31 locations 90% COS 60+ locations 90% COS Q2/12 395 boe/d Foley Lake Q2/12 358 boe/d Current…
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 34,000 May 24 to Oct 9 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…
Redwater 8,196 net acres (100% WI) Echoex land Hz producers 100% operated Well 3 TVE 8-3 TVE Hz producers 12-stage frac & 10T Licensed Hz locations 615 bbls/d Wells drilled in Q2 2012 100% oil Well 1 TVE 14-26 12-stage frac &…
Shallow Alberta Viking Oil Trend Proven Viking oil trend Foley Lake TVE land Legacy vertical prodn Re-designing frac program Licensing 2 Hz wells Extensive Hz resource Judy Creek Recompletion candidates development by Industry…
Drilling Scope 400 30.0 350 27.5 300 20.0 117.0 258.1 38.5 250 25.0 locations 35.0 217.5 million 200 CAPEX 72.0 71.0 85% COS 150 90.0 164.6 55.2 million or 50.0 5.00/share 100 108.1 locations 27.2 85% COS 61.3 85% COS…
Building Credibility - Six Month Review What we did What we said wed do in March 2012 Q2/12 to Q3/12 Live within Means keep debt at acceptable levels given Focused drilling on wells…
Deliverables for Next 6 Months (Q4/12 & Q1/13) Drive per share growth Drill 8 Viking wells (complete 4 to 6) and drill 1 net Cardium well Place 2 (1 net) Lochend Cardium wells on permanent facilities Prepare for 2013 spring drilling…
Why Invest in TVE Proven, rigorous process to identify, evaluate, operate and acquire in multiple resource plays Managing risk through a portfolio approach enables flexibility to achieve targets by redirecting capital to the higher…
TVE Contact Information Tamarack Valley Energy 1800, 407 2nd Street SW Calgary AB T2P 2Y3 Tel: 403.263.4440 www.tamarackvalley.ca infotamarackvalley.ca 21
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