Our success can be measured through the value we deliver. The Woodlands, Texas Midland, Texas www.cazapetro.com Dual Listed on AIM & TSX
Company Overview Financial Production Current Market Capitalization of 24.82MM Average net production of 1,210 Boe/d Q3-2014 up (236.36MM Shares Outstanding at 10.5P as at 29% from Q2-2014 and 205% from Q3-2013 November 28, 2014)…
Significant Recent Progress Financial Recent Drilling Success (Initial Production) Yorkville convertible note facility of 1.68MM retired Mewbourne Marathon Road 15 PA 1H (3rd Bone Spring Well-positioned to lower cost of capital…
Daily Net Production 79% Oil & NGLs 1,210 Boe/d 937 Entry to Boe/d Bone Spring Apollo Play Financing 685 Boe/d 42% Oil & NGLs 503 Boe/d 312 262 Boe/d Boe/d Q4 2011 Q4 2012 Q4 2013 Q1 2014 Q2 - 2014 Q3 - 2014 5…
Proven & PDP Reserves & PV 10 120,000 100,000 PDP & Proven PV10 () Doubled Reserve Value in one year, 80,000 Apollo Deal and Maintained Growth 60,000 40,000 20,000 0 2010 2011 2012 2013 Apr-14 Sep-14 PV 10 -…
Delaware Basin Focus Area Multiple targets per location (up to 8 per 160 Bradley Gateway M.R., Quail acre drilling unit) Ridge, Chap Two Mesas Low risk / predictable & East M.R. Favorable lease terms Azotea Gramma Ridge Mesa…
Ongoing Strategy Expansion Participate in Clayton Williams Energy Farm-In comprising 14,738 gross acres (11,054 net to Caza) in the Texas portion of the Delaware Basin, effectively increasing Cazas net leasehold in the trend by…
Recent Transactions
Clayton Williams Energy Inc. (CWEI) Farm-in 14,738 Gross Acres (11,054 net to Caza) Drilling Program, Reeves County, Texas Acreage is on trend with prolific Wolfcamp & 2nd Bone Spring Sand wells drilled by Concho Resources, Cimarex,…
South Delaware Basin - Texas Eddy County New Mexico Lea County Cimarex2 5 latest wells: 30 day peak ave.- 1,034Boe/d (75% Oil) Loving Cimarex2 8 latest wells: 30 day peal ave- 1,170Boe/d (60% Oil) Ward Oxy 3 5 latest…
East Marathon Road Acquisition East Marathon Road Acquisition 480 Acre Lease, Lea County, New Mexico Basic Terms: Caza is the named operator. Caza is paying 60% of the drilling costs for a 30% interest (24% Net Revenue Interest…
North Delaware Basin Caza Production Rates vs. Peers Company IPs & 30 Day Average Lea County Caza4 2nd BS 5 wells Marathon I.P. - 947 Boe/d Road Peak 30 Day Average 611Boe/d East Marathon Road 3rd BS 8 wells I.P. 1,626 Boe/d…
Caza 2nd & 3rd Bone Spring Sand Economics2 vs. Pricing 1 70% Rate of Return vs. Oil 60% Prices 50% 2nd BS ROR 40% 3rd BS ROR 30% 3rd BS w/15% 20% 2nd BS ROR W/ 10% 15% 0% 30.00 40.00 50.00 60.00 70.00 80.00 90.00…
Managing Growth Hedge Position Q4-2014 2015 2016 Oil Position Average Bbls/d 490 417 260 Swap Price 87.74 83.78 80.46 Diff-Swap -3.35 -4.05 -4.25 Gas Position Average Mcf/d 1,126 743 502 Swap Price 3.72 3.95 4.05 15
Proposed 2015 Drilling Schedule 16
Bone Spring New Mexico
Bone Spring Play Bone Spring Play is one of the most Focus active and predictable oil plays in the Area US Up to 32 potential horizontal locations per square mile Over 1,200+ horizontal wells drilled and completed since 1998 in…
Delaware Basin Horizontal Drilling Portfolio Bone Spring/ Wolfcamp Prospect Areas Properties drilled and Not drilled as of 1 December producing as of 1 December 2014 2014 Lynch/ Marathon Road Forehand Ranch South (non-op) Mad…
Horizontal Bone Spring Program Caza Bone Spring Overview (Company Modeling Assumptions) Recent Drilling Highlights (Initial Production) Mewbourne Marathon Road 15 PA 1H (3rd BS Sand) 2,361 Boe/d Location Delaware Basin (W.I. 14.7%,…
Bone Spring Recovery Typical Bone Spring Producing Zone Typical 3rd Bone Spring Sand Decline Curve 160 acre Production Unit per Zone (up to 8 per Pad 800 location) 700 200 + Thickness 600 10% Porosity 500 40% Water Saturation…
Completion Improvements Fracking Design Unconventional Reservoir Fracturing (Statistical Analysis of Production Logs)1 61% of frac clusters produce less than the mean for any given well 41% of clusters produce less than half of the…
Corporate Transactions Total Proven Daily Boe/d Per Daily Announced Transaction Reserves % Gas of Production Boe Net Per Net Date Buyers Sellers MMBoe Reserves Acres Acre USMM 6:1 6:1 Produced 9/29/2014 Encana Athlon Energy 7,100…
Corporate Valuations Market Total Proven Daily Boe/d TEV/ Per Share Price Capitalization Enterprise Reserves Production Production Net Per Net Proven Company () Value (TEV) MMBoe Acres Acre Reserve (MM) (MM) 6:1 6:1 (/Boepd)…
Capital Structure & Shareholding Structure Cash and equivalents as of 9/30/2014 7.41 MM Apollo Facility Debt (45.00 MM) Significant Shareholders Number of Shares % Northwestern Enterprises Ltd. 16,934,500 6.4% GLG 16,027,731 6.1%…
Glossary of Abbreviations one barrel, each barrel representing 34.972 Imperial gallons or 42 U.S. Bbl gallons Mcf/d one thousand cubic feet of natural gas per day bbl/d barrels per day Bo one barrel of crude oil one thousand cubic feet…
Executive Management Team William Michael Ford is Chief Executive Officer and President of the Company and Caza Petroleum W. Michael and has served in both capacities since July 2006. Prior thereto, Mr. Ford was a founder and served…
Board of Directors John Most of Johns career was spent at Enterprise Oil where he held a variety of senior management roles in a number of different regions. He was based in Houston, responsible for their American operations, when…
Caza Contact Information W. Michael Ford CEO and President Tel: +1 432 682 7424 www.cazapetro.com
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