Canaccord Genuity Global TVE: TSX-V Resource Conference 2013 www.tamarackvalley.ca 1
The Tamarack Team Management Board of Directors Brian Schmidt, President & CEO Floyd Price, Chairman Ron Hozjan, VP Finance & CFO Dean Setoguchi Niels Gundesen, VP Engineering David Mackenzie Ken Cruikshank, VP Land Sheldon Steeves…
Strategy 1. Select the Right Real Estate Non - Resource Play Select high hydrocarbon in place (4 mmboe and 25 bcf per section) Conventional Tight Sands Tamarack (Cardium, Viking, Deep Basin) Heavy Oil Demonstrated success in…
Premier Oil Areas Repeatable, Sustainable, Scalable Greater Redwater Existing TVE Core Areas Viking Oil Farm-in Areas Production 1,100 boe/d Netback 60/boe Existing SHR Core Areas Inventory 200 wells Greater Pembina - Cardium…
Accomplishments 2012 Exceeded consensus street numbers 5 consecutive quarters Completed tuck-in acquisitions in Redwater Viking Drove capital costs down 20-30% Achieved top decile well results on 30 day IP rates vs. peers Became…
Capital Efficiencies Lochend Cardium oil Redwater Viking oil 1,800 1,200 1,600 Re-invest 10 mm Re-invest 10 mm Re-invest 10 mm Re-invest 10 mm Re-invest 10 mm 1,000 1,400 Production (boe/d) Production (boe/d) 1,200 Payout 800…
Strong History of Organic and Acquisition Success Organic Development at Lochend Echoex Corporate Acquisition 100 100 As at December 31, 2012 As at December 31, 2012 Incremental value added since acquisition 90.1 million 75 75…
West Central Cardium Farm-In Summary West Pembina Buck Lake Farm-in Details / Terms 180 gross (110 net) section farm-in with an industry major within the Cardium fairway Brazeau 84 gross (60 net) prospective sections OChiese 100…
Farm-in Analysis Land cost is approximately 3,100/ha (excluding TVE processing fee advantage) Pay only for land when you drill it and what you drill; efficient way to tie up a large block of land Pay 100 for 70 D&C is equivalent to…
Viking Oil Trend Trend is Foley Lake characterized by: TVE operated vertical re-entry - Q4/12 High OOIP/sec Virginia Hills Industry major drilled & completed 3 offsets Shallow depth TVE 100% Low GORs JV with a major North…
Current Drilling Inventory & Economics Pricing - 90/bbl Oil Buck Lake/ 30/bbl C3 Redwater Lochend Garrington Oil low GOR Liquids-Rich Gas Oil high GOR 3.25/GJ Gas Crown Freehold 1-Mile 2-Mile 1-Mile 2-Mile 1-Mile 2-Mile Net wells 129…
Upcoming Catalysts Demonstrate 2-mile well technology at Buck Lake Buck Lake 2-mile well drilled successfully under budget; 400k lower than AFE, cut drilling time by 3 days Fracture stimulated 2-mile well in Oct 2013 with 30 stages…
Summary Combined transactions establishes a Manufacturing platform for TVE Inventory portfolio provides flexibility across oil and liquids rich gas locations as well as half cycle and full cycle development Full cycle costs/ risk is…
Appendix 16
Transaction Summary Sure Energy Ltd. Total consideration paid - 52.5 million (including transaction costs for TVE and Sure) Sure shareholders receive 100% Tamarack shares Tamarack pays 101% (plus accrued interest) to payout outstanding…
Pro-Forma Forecasts Pro-forma production at close 3,828 boe/d, 56% liquids 2013 Production average 3,150 to 3,250 boe/d, 57% liquids 2013 Exit production 4,200 to 4,300 boe/d, 58% liquids 2013 CAPEX 53 million 2013 Cash flow 38…
TVE Current Hedges as at August 19 2013 Term Hedge type Counterparty Volume Pricing July 1, 2013 to December 31, 2013 WTI fixed price Macquarie Bank 400 bbls/d Cdn 93.25/bbl July 1, 2013 to September 30, 2014 WTI fixed price Macquarie…
TVE Contact Information Tamarack Valley Energy 3100, 250 6th Avenue SW Calgary AB T2P 3Y7 Tel: 403.263.4440 www.tamarackvalley.ca infotamarackvalley.ca 20
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