Artek Exploration Ltd. BALANCE . VALUE . IMPACT NOVEMBER 2012 TSX : RTK
Artek Corporate Profile Drill-bit Junior Exploreco with 7 yr. history - 2.5 yrs. as Public: Jan./2010 Stock trading: 52 week range 1.50-3.10/sh TSX : RTK Enterprise Value (2.85/sh) 192 MM Basic shares: 51.6 MM F.D. shares: 55.7 MM…
Artek News Oct/2012 Bought deal equity financing closed Nov. 9/12 4.9 MM common shares 2.85/sh 3.2 MM FT shares 3.45/sh Total 8.1 MM shares Total gross proceeds 25 MM Operations Update Nov. 7/12: Q3/2012: Ave. production based…
2012 Budget Plan Capital Expenditures: 56-58 MM est. 5-7 MM Land; 1-2 MM Facilities/Sales Line up to 13 gross (7.8 net) wells = 100% oil and condensate/associated gas Up to 7 Hz (4.0 net) Inga, BC Doig Condensate/gas Up to 3 Hz…
Core Operating Areas Year round access with mature facilities and Oil/NGLs Areas pipeline infrastructure Gas Areas 2 main focus areas provide balance in risk, depth/cost, and oil and liquids vs. gas long term Fort NW Alberta / BC -…
Leduc Woodbend, AB Glauconite Oil Cash Engine Sold 1/3 interest (219 boe/d) Q1 2012 for 19.5 MM = 89,000/boe/d; 28/boe 2P Net production 400 boe/d est. (94% med.-light oil) Unitized waterflood with production of 4.7 mmbbls…
Inga/Fireweed, B.C. Doig Condensate Resource High Impact Growth L G K C L F F J F K J K G C F G F F Fireweed FU JC C F F Triassic Doig Condensate/oil with gas (48-50 deg API F L K C G U G K FK F CV F F G 1,800m…
Inga, B.C. Condensate Rich Doig Resource G F 30 29 28 27 26 25 30 29 F K 28 Inga Pool with 25-50m thick Doig defined FF C ArtekF by 3-D seismic & 10 wells on 35 sections C (21.5 net) of land Facility CCUU U G G F L F F…
Artek Actuals vs. Type Curve INGA DOIG WELL PERFORMANCE Inga Economic Assumptions: 1800 Pricing: 2.75/GJ, 95/bbl WTI 7-8 MM cost/Hz well 1600 IP30 900 boe/d (30-35% liquids) 500-800 mboe EUR = 7-14 MM PV10/well 1400 PI:…
Inga Type Curve Comparatives High Impact Condensate Play: Play Type 1st Year CF Comparison (3.00/GJ, 100/bbl WTI) Payouts 6.5-15 months 10 Annual Cash Flow/Well (MM) 1800 8 6 1600 4 RTK HZ 2 best well payout 1400 6.5…
Inga Doig - 4 Year Schematic Plan 55MM FCF* 10000 60.0 Liq Rate (bbl/d) 5,000 boe/d 9000 Gas (boepd) Annualize Cash Flow Capital 3.50/GJ; 95 WTI 50.0 Capital or Annualized Cash Flow (MM) 8000 Annualized CF (mm) 7000 Year 1…
Undrilled/Unbooked - Upside Potential + Undrilled/ 2011 2P NAV(1) Unbooked Potential 600 Noel Cadomin 500 Deep Basin U. Cretaceous Sinclair Montney Drilling Inventory: BTNPV10 (MM) 400 PRA Oil Well Cost Targeted…
Schematic Component Production Build* 14000 90 Deep Basin PRA Oil Annualize Cash Flow 3.50/GJ; 95 WTI Liquids Rich Montney Inga Doig 80 12000 Leduc Woodbend Base Production 70 Exit Debt (MM) Annualized Cash Flow (MM)…
Why Artek Balance/Depth: Balance of Oil/Liquids/Gas in large inventory (210 locs) with visibility to 10,000 boe/d 40% of production is Oil & NGLs and increasing Value/Potential: Large 2P reserves base of 22.9 mmboe = BT10 NAV of…
*Artek is a junior E&P co. incorporated in 2005 - public on TSX in 2010 Management Team Darryl Metcalfe - President & CEO 26 years: Ketch, AEC, Conwest Darcy Anderson VP Finance & CFO 27 years: Pegasus, Mustang, Barrington Peter…
Corporate Information Head Office Suite 2300 520 Fifth Avenue S.W. Calgary, AB T2P 3R7 Phone: (403) 532-1888 Fax: (403) 532-1890 E-Mail: infoartekexploration.com Website: www.artekexploration.com Banker National Bank of Canada…
TSX : RTK www.artekexploration.com
APPENDIX
Peace River Arch Shallow Triassic Oil Low Risk Growth F G Production: 400-500 boe/d (22% oil/NGLs) G G L F G G G J C G G G K F C G F F G G G G Artek Beaton G G F F G G G G G G G G G G G G J F G CE BIR-Worsley…
Deep Basin Multi-zone Resource Gas and Liquids Value Option A AA A K F K G F K F F C A A A A A A AA AA A A A F F A A ACF C F F FF F F F F C F FC C F F F CF F AC C A AA AA A AA…
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