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May 2015 Corporate Presentation – Mosaic Energy Ltd

Mosaic Energy Ltd · May 10, 2015 · 26 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. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 1
    Corporate Presentation May 2015
  2. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 2
    Corporate Overview Private company focused primarily on the Montney formation in the Kakwa Resthaven area in northwestern Alberta 38.6 million shares outstanding controlled by Natural Gas Partners, a top tier financial sponsor. 173…
  3. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 3
    Growth anchored by liquids rich Montney Montney in Kakwa/Resthaven is Mosaics primary driver of growth one of the most active areas of Montney development offers some of the best economics in North America Middle Montney has been…
  4. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 4
    Reserves Growth Mosaic Energy Ltd. 160 140 140 120 2P Reserves (mmboe) 120 Kakwa/Resthaven Area 2 P Reserves (mmboe) 100 Reserve Breakdown 100 80 80 60 60 2012 2013 2014 40 40 20 20 0 0 Montney Dunvegan…
  5. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 5
    Production & Cash Flow 18,000 Annual Production 2015 Estimated Product Estimated NGL Breakdown 16,000 Once the gas plant is complete, Composition 23% 1% 14,000 production is forecast to double with 70% of the growth from wells 8%…
  6. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 6
    Kakwa/Resthaven Multi-Zone HZ Development Very active area with numerous zones now being HZ developed including the Dunvegan, Falher, Wilrich & Montney Mosaic has 180 Sections of land with 3D seismic over majority of it The bulk…
  7. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 7
    Northern Core Area - Stacked horizons Surface Badheart Mosaic Energys Current Acreage by Zone Muskiki Gross Gross Net Average Cardium Zone Acres Net Acres Sections Sections WI % Smoky Kaskapau Cardium 77,723 61,926 121 97…
  8. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 8
    Dunvegan Development Potential Mosaics 4 HZ wells to prove the play Most recent drill significantly extends the Dunvegan development opportunity southward Latest HZ Drill (On-stream Q1 2015) Test Rate 555 boed Cumm Prod to May…
  9. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 9
    Wilrich Development Potential Mosaics first Wilrich HZ at 4-9 tested at 17.7 mmcf. Produced at restricted rates since Q1/14 Drilled & completed Waiting on plant start-up two additional wells completed in Q1/15 with positive results…
  10. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 10
    Montney Kakwa Resthaven Mosaic land is located in one of the most active and economic areas of Montney development Through more than 350 industry Hz wells, drilling and completion techniques have been refined to deliver…
  11. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 11
    Jayar Montney Development Potential Mosaics Test Results Well Location Condensate * (in order of operation) (Bbls/ mmcf) To be completed in Q3 2015 1. 16-05-062-03 W6 110 2. 15-10-062-03 W6 135 3. 12-01-062-04 W6 75 5 4.…
  12. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 12
    Facility & Marketing Arrangements Are In Place MOSAIC GAS PLANT (100% WI) Under Construction, Q4 start-up First phase design capacity of 50 mmcfd Condensate to Pembina LACT 6-8 Water to disposal well on plant site Residue gas to…
  13. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 13
    Kakwa/Resthaven - Future Development Assumptions: 50 mmcfd plant on-stream in Q4 2015 Expansion to 125 mmcf/d by October 2017 (75MM) Drilling includes current development plays only: Dunvegan: 4 wells/section Wilrich: 2…
  14. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 14
    Kakwa/Resthaven - Future Development Mosaic Energy Ltd. Number of Wells Drilled by Play / Year Cash Flow Summary: Mosaic Budget Pricing * 30 120 500 500 400 400 25 100 300 300 Cash Flow/CAPEX (MM) Cumulative Cash…
  15. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 15
    Kakwa/Resthaven - Future Development Mosaic Energy Ltd. Total Gas Production for Plant Design Total Sales Post Pembina 6-8 Plant Outlet Raw Gas Production 160 150 140 130 120 110 Gas Rate (mmcf/d) 100 Expand to 125…
  16. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 16
    Mosaic is in the right plays North American Crude Oil and Natural Gas Plays Half-Cycle Payout Period 5.0 Mosaic has material exposure to some of the best plays in North America 4.0 3.0 Years 2.0 1.0 0.0 Source: Peters…
  17. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 17
    Mosaic is positioned for material growth Middle Montney is largely delineated Converted significant contingent resource into 2P reserves of 123 million boe Established wellhead condensate ratios as high as 260 bbls/mmcf More than 160…
  18. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 18
    Supplemental Information Individual well economics & commodity price assumptions Montney 1.5 Mile well economics Montney break even gas price analysis Dunvegan oil price sensitivity analysis Wilrich gas price sensitivity analysis…
  19. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 19
    Kakwa/Resthaven Single Well Economics Category Montney (1.5 Mile) Dunvegan Wilrich Medium High (112 bbls/mmcf) (241 bbls/mmcf) 1 Mile 1.5 Mile 2.0 Mile 1 Mile DC&E Capex (000s) 11,800 11,800 6,750 7,870 9,200 8,600 Reserves (Mboe)…
  20. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 20
    Montney Moving to 1.5 Mile HZ Mosaic Energy Ltd. For Price assumptions, see page 1 of Supplemental Information Mosaic Energy Ltd. 21
  21. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 21
    Jayar Montney Break-Even Gas Price Sensitivity to Liquid Yields (1.5 mile HZ) Mosaic Energy Ltd. 22
  22. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 22
    Dunvegan Economics - Oil Price Sensitivity 1 Mile NPV10 1.5 Mile NPV10 2 Mile NPV10 1 Mile ROR 1.5 Mile ROR 2 Mile ROR 15,000 75.0% Rate of Return (%) 10,000 50.0% NPV10 (M) 5,000 25.0% 0 0.0% 60 65 70 75 80 85 90 95…
  23. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 23
    Mosaic Energy Ltd. Wilrich Economics Gas Price Sensitivity 16,000 160% 14,000 140% 12,000 120% 10,000 100% NPV10 (M) ROR (%) 8,000 80% 6,000 60% 4,000 40% 2,000 20% 0 0% 1.00 2.00 3.00 4.00 5.00 FLAT GAS PRICE…
  24. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 24
    Hedging Position (May, 2015) Q2 Q3 Q4 Q1 Q2 Q3 Q4 Product 2015 2015 2015 2016 2016 2016 2016 2017 Average Oil Volume Hedged (bpd) 900 900 1,400 1,500 1,500 1,500 1,500 1,000 Average Price (WTI Cdn/bbl) 94.68 94.68 88.03 77.33 77.33…
  25. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 25
    Officers, Directors & Advisors Directors: Officers: Independent Directors: Steve Fagan, President & CEO George Marquardt, Chairman David Ambedian, Sr. Vice President Finance, CFO Cameron Dunn NGP Connie De Ciancio, Vice President,…
  26. May 2015 Corporate Presentation – Mosaic Energy Ltd – slide 26

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