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ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD

Petro-Reef Resources LTD · Jun 11, 2010 · 24 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 1
    Positioned for Growth Annual General Meeting - 2010 1
  2. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 2
    Forward-Looking Statements Forward-Looking Statements: All statements, other than statements of historical fact, set forth, including without limitation, assumptions and statements regarding reservoirs, resources and reserves, future…
  3. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 3
    Investment Highlights Experienced management team Consistent production growth Five years of consistent production growth Forecasted 2010 exit production 100% increase from 2009 Concentrated asset base One core area with 40+…
  4. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 4
    Business strategy Guiding principles in operations Drill quality exploration prospects with multi-zone potential Target 10:1 profit to capital risk ratio Minimum 30% rate of return on capital invested Apply diversified geoscience…
  5. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 5
    Performance Average Daily Production Petro-Reef has demonstrated strong growth year over year Average Daily Production (boe/d) boe/d 5
  6. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 6
    Management Team Theodore M. Donhuysen President & CEO 41 years experience Geological / operational expertise Larry A. Ness P. Eng. Vice President, Engineering 31 years experience Engineering / operational expertise John R.…
  7. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 7
    Board of Directors Theodore M. Donhuysen Vice President E&P and COO John R. Pantazopoulos Vice President Finance and CFO N. Gary Van Nest Independent businessman Alan P. Hallman Independent businessman Peter A. Lubey Former VP…
  8. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 8
    Capitalization Capitalization Shares Outstanding (Basic): 39.1 million Management, Directors, & Insiders: 12% ownership Options: 3.25 million 0.85 Warrants: 5.0 million 0.40 Recent Share Price: 0.37 Market Capitalization: 14.5…
  9. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 9
    Petro-Reefs Core Areas Concentrated Asset Base Alexander/Qui Barre 99% of production Operated Peavey/Morinville/Other 1% of production Non-operated 9
  10. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 10
    Alexander/Qui Barre R1W5 R27 R26W4 G G T57 G T57 2 1 6 5 4 K3G 2 1 F 1 6 5 4 3 Approximately 40 gross (37 G G G G G G G G K G net) sections 36 32 33 34 35 36 31 32 33 34 35 36 G 31 G G G L C G U J D C G…
  11. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 11
    Alexander/Qui Barre Seismic Control R1W5 R27 R26W4 G G T57 G T57 2 1 6 5 4 K3G 2 1 F 1 6 5 4 3 Extensive proprietary 3D G G G G G G G G K G seismic coverage over most 36 32 33 34 35 36 31 32 33 34 35 36 G 31 G G…
  12. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 12
    Multi-zone Potential Seven potential horizons available in the area Wabamun B Wabamun A Detrital Basal Quartz Calahoo Barrhead Upper Cretaceous Belly River Currently producing from seven different horizons in Alexander…
  13. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 13
    U J D C G Development Oil Wabamun B F 29 28 27 26 27 26 F 25 29 28 G 25 30 30 J G G C G G G KG F F G G 24 19 20 21 22 23 24 19 20 21 22 23 L L F G G F U T56 L G L J14 G F G G 13 18 17 16 15 13 18 17 16 15 14 G…
  14. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 14
    U J D C G Development Gas Basal Quartz F 29 28 27 26 27 26 F 25 29 28 G 25 30 30 J G G C G G G KG F F G G 24 19 20 21 22 23 24 19 20 21 22 23 L L F G G F U T56 L G L J14 G F G G 13 18 17 16 15 13 18 17 16 15…
  15. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 15
    U J D C G Development Oil Calahoo F 29 28 27 26 27 26 F 25 29 28 G 25 30 30 J G G C G G G KG F F G G 24 19 20 21 22 23 24 19 20 21 22 23 L L F G G F U T56 L G L J14 G F G G 13 18 17 16 15 13 18 17 16 15 14 G L…
  16. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 16
    Detrital Channel R1W5 R27 R26W4 G G T57 G T57 2 1 6 5 4 K3G 2 1 F 1 6 5 4 3 Recent exploration success G G G G G G G G K G identified significant Detrital oil 36 32 33 34 35 36 31 32 33 34 35 36 G 31 G G G L C…
  17. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 17
    Development Drilling - IRR Petro-Reefs Resource Play development oil opportunity generates a rate of return of 100% at todays commodity prices Drill / completion costs of approximately 600,000 produces approximately 50 boe/d 40+…
  18. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 18
    Exploration Upside Northern Block R1W5 R27 G T57 G Largely contiguous land spread 1 6 5 4 3 2 1 6 5 G (majority freehold) (100% WI) G G G G K Significant exploration drilling 36 31 32 33 34 35 36 31 32 G G G C…
  19. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 19
    Summer Drilling Program Petro-Reef is in the process of licensing six key wells which, upon success, have the ability to double production Exploration Locations Drill / Complete / Equip Cost Working Primary Production Location…
  20. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 20
    2010 Outlook Drill 7-9 multi-zone development oil locations Seven development wells / two high impact exploration locations in north block Significant inventory of development opportunities remain, which can be pursued if…
  21. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 21
    Why Invest in Petro-Reef Experienced management team Proven success growing production Concentrated asset base Multi-year drilling inventory (oil and gas) Control of infrastructure Significant freehold acreage (low royalty…
  22. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 22
    Contact Information Petro-Reef Resources Ltd. Suite 970, 10655 Southport Road S.W. Calgary, Alberta, Canada T2W 4Y1 Telephone: (403) 265-6444 Facsimile: (403) 264-1348 E-Mail: johnpantazopoulospetro-reef.ca Website: www.petro-reef.ca…
  23. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 23
    Historical Financials Historical Netback Summary (All values in thousands, unless specified otherwise) 2005 2006 2007 2008 2009 Production (boe/d) 182 454 627 961 832 Revenue 3,951 7,157 9,268 18,875 9,313 Royalties 727 1,407…
  24. ANNUAL GENERAL MEETING 2010 – Petro-Reef Resources LTD – slide 24
    Year End Reserves Additions through the drill bit and strategic acquisitions Reserves (Proved Plus Probable) Total Reserves (mboe) 24

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